afs 2026
Financial Audit & Performance Report (FY 2025–2026)
Entity: Kuravilangad Grama Panchayat Office
Period: April 1, 2025 – March 31, 2026
1. Income & Expenditure Overview
During the fiscal year 2025–2026, the Grama Panchayat generated a net surplus (excess of income over expenditure).
Total Income: $\text{₹}152,695,444$
Total Expenditure: $\text{₹}159,606,509$
Prior Period Adjustments (Net): $(\text{₹}849,262)$
Excess of Income Over Expenditure: $\text{₹}1,333,868$
2. Key Income Sources
The Grama Panchayat's revenue is heavily supported by government grants, statutory taxes, and internal property assets.
Revenue Grants, Contributions & Subsidies: $\text{₹}128,730,774$
Old Age Pension: $\text{₹}44,238,000$
Widow Pension: $\text{₹}12,376,600$
General Development Fund: $\text{₹}12,904,061$
MGNREGS Grant: $\text{₹}12,480,316$
Maintenance Fund (Road Assets): $\text{₹}14,209,492$
Tax Revenue: $\text{₹}13,411,325$
Property Tax (Non-Residential): $\text{₹}5,861,831$
Property Tax (Residential): $\text{₹}3,410,754$
Profession Tax (Employees): $\text{₹}2,471,780$
Rental Income: $\text{₹}3,365,404$
Fees & User Charges: $\text{₹}2,001,894$
Interest Earned & Investment Returns: $\text{₹}1,048,397$
3. Major Expenditure Breakdown
Expenditures were driven by state-sponsored welfare programmes, infrastructure maintenance, and administrative operations.
State-Sponsored Welfare Programmes: $\text{₹}68,950,100$
Old Age Pension: $\text{₹}44,238,000$
Widow Pension: $\text{₹}12,376,600$
Pension for Differentially Abled: $\text{₹}4,943,700$
Agricultural Workers Pension: $\text{₹}5,208,400$
Infrastructure Sector Expenditure: $\text{₹}16,146,847$
Road Works: $\text{₹}14,589,268$
Street Lighting: $\text{₹}735,400$
Depreciation Costs: $\text{₹}17,738,092$
Roads & Bridges Depreciation: $\text{₹}15,101,043$
Establishment & Administrative Expenses: $\text{₹}17,581,990$
Permanent Staff Salaries: $\text{₹}8,113,178$
Wages: $\text{₹}1,607,247$
Elected Representatives' Honorarium: $\text{₹}1,664,618$
4. Balance Sheet Highlights (As of March 31, 2026)
Capital & Liabilities
General Fund (Total Schedule B1): $\text{₹}7,637,366$
Reserves (Capital Contribution): $\text{₹}48,114,174$
Grants/Contributions for Specific Purposes: $\text{₹}15,623,730$
Secured Loans (HUDCO Loan): $\text{₹}3,938,285$
Deposits Received: $\text{₹}8,508,206$
Other Liabilities: $\text{₹}1,672,194$
Assets
Fixed Assets (Gross Value): $\text{₹}95,433,674$
Less Accumulated Depreciation: $(\text{₹}66,166,095)$
Net Fixed Assets: $\text{₹}29,267,579$
Investments: $\text{₹}7,500,000$
Sundry Debtors / Receivables: $\text{₹}6,019,039$
Pre-paid Expenses: $\text{₹}3,651,381$
Loans, Advances and Deposits: $\text{₹}1,425,186$
Cash & Bank Balances: $\text{₹}37,753,030$
5. Cash Flow Summary
Operating Cash Flow Generated: $\text{₹}36,566,758$
Investing Cash Flow Used: $(\text{₹}6,661,111)$
Financing Cash Flow Used: $(\text{₹}20,727,835)$
Net Increase in Cash & Cash Equivalents: $\text{₹}9,177,812$
Opening Cash & Bank Balance: $\text{₹}28,575,218$
Closing Cash & Bank Balance: $\text{₹}37,753,030$