AFS
Here is the comprehensive English translation of the financial analysis report for Neelamperoor Grama Panchayat:
Neelamperoor Grama Panchayat Financial Analysis Report (2024-25)
The following is a comprehensive report analyzing the financial status of Neelamperoor Grama Panchayat in Alappuzha district for the financial year 2024-25 (from 01-04-2024 to 31-03-2025):
1. Income & Expenditure Summary
The key indicators evaluating the day-to-day operations and projects of the Panchayat are as follows:
Total Income: ₹14,51,83,642 (₹14.51 Crore).
Total Expenditure: ₹14,07,67,127 (₹14.07 Crore).
Gross Surplus: The Panchayat maintained a surplus of ₹44,16,515 prior to previous period adjustments (Prior Period Items).
Net Surplus: After accounting for expenditures from previous years, a net surplus of ₹29,75,242 (approximately ₹29.75 Lakh) was recorded.
2. Revenue Sources Analysis
The primary channels through which funds were received by the Panchayat include:
Revenue Grants & Contributions: The largest share of income comes from this sector — ₹13,88,86,645 (₹13.88 Crore). This mainly includes the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS - ₹4.82 Crore), LIFE Mission/Housing Scheme (₹79.4 Lakh), and old-age, widow, and agricultural pensions.
Own Tax Revenue: ₹31,45,670 (₹31.45 Lakh). Property Tax (around ₹21.4 Lakh) and Profession Tax (₹7.3 Lakh) form the major part of this.
Fees & User Charges: ₹9,07,491 was generated through building permit fees, license fees, and fines.
3. Expenditure Analysis
A significant amount has been utilized through the Decentralised Plan Programme for welfare schemes and development:
Plan Programmes:
Service Sector: ₹3,39,77,614 (₹3.39 Crore) was spent on education, health, drinking water, and housing. (Examples: breakfast in schools, palliative care, Ayurvedic/Homeopathic medicines, and drinking water distribution).
Productive Sector: ₹50,00,940 was utilized for agriculture (paddy seed distribution, subsidies) and vegetable cultivation.
Infrastructure Sector: ₹32,76,473 was allocated for roads and public works.
Other Non-Sectoral Projects: ₹4,67,50,910 (₹4.67 Crore) has been spent under this category.
Establishment & Administrative Expenses: Approximately ₹1.15 Crore was spent on salaries, administrative costs, and office maintenance.
4. Balance Sheet Analysis
As of March 31, 2025, the total balance sheet size of the Panchayat stands at ₹5,56,12,222 (₹5.56 Crore).
Cash & Bank Balance: A liquid cash amount of ₹1,97,62,494 (₹1.97 Crore) is available across various bank accounts and the treasury, indicating strong financial security.
Fixed Assets & Capital Expenses: The total value of land, buildings, and infrastructure development funds is substantial. (Although the net fixed asset value after deducting depreciation is around ₹53.7 Lakh, the total overall investment in the capital infrastructure sector remains high).
Liabilities & Loans: A secured loan of ₹1,46,04,536 from KURDFC (Kerala Urban and Rural Development Finance Corporation) remains outstanding. Additionally, there are liabilities including contractor deposits and employee benefits.
General Fund Deficit: Due to previous arrears and expenditures exceeding revenue in the past, the General Fund reflects a negative balance (-₹2.54 Crore). However, the available reserves (Reserves - ₹4.30 Crore) help offset this deficit.
Conclusion
Dependence on Government Funds: More than 95% of the Panchayat's income relies on government grants and project allocations. There is a critical need to enhance its own source revenue (taxes and fees).
Priority to Social Security: Funds have been meticulously utilized for basic necessities such as housing, palliative care, education, and agriculture.
Healthy Cash Balance: Maintaining a cash balance of ₹1,97,62,494 at the end of the financial year provides solid leverage for emergency requirements and smooth operations in the coming years.
Final Takeaway: While the financial foundation of the Panchayat is stable, expanding its independent revenue streams will grant it greater autonomy towards decentralized development.