Annual Finance Statements 2024 - 25

Here is the English translation of the Annual Financial Statement (AFS) summary for Meenachil Grama Panchayat:

Meenachil Grama Panchayat – Annual Financial Statement (AFS) 2024–25 Summary

According to the Annual Financial Statement (AFS) for the financial year 2024–25, Meenachil Grama Panchayat is a financially stable institution. Records indicate that substantial expenditure was incurred across various sectors, including development activities, social security schemes, housing, health, education, waste management, and infrastructure development.

Key Financial Indicators

Revenue

During the 2024–25 financial year, the total operating revenue received by the Panchayat was approximately ₹12.59 crore. This includes government grants, development funds, tax revenue, fees, license fees, and Mahatma Gandhi NREGS funds.

Major Revenue Sources:

  • Tax Revenue: ₹76.61 lakh

  • Rent Revenue: ₹5.60 lakh

  • Fees & User Charges: ₹34.28 lakh

  • Government Grants and Funds: ₹11.50 crore

  • Interest Income: ₹4.13 lakh

Review of Expenditure

Administrative & Staff Expenses ₹1.29 crore was spent on staff salaries, allowances, pension contributions, and honorariums for elected representatives.

Administrative Expenses ₹15.27 lakh was spent on office operations, electricity, telephone, stationery, and legal expenses.

Operations & Maintenance Expenses ₹12.74 lakh was spent on street light electricity, vehicle fuel, vehicle rentals, and maintenance.

Expenditure on Development Projects

Productive Sector ₹53.35 lakh was spent on projects related to agriculture, animal husbandry, and dairy development. Key projects included:

  • Paddy cultivation development

  • Vegetable farming

  • Cattle distribution

  • Dairy development projects

  • Poultry farming promotion

Service Sector ₹2.87 crore was spent on health, education, drinking water, sanitation, housing, and women and child welfare.

Infrastructure Development ₹2.19 crore was spent on roads, street lights, public buildings, and retaining walls.

Poverty Alleviation Schemes ₹1.70 crore was spent on poverty alleviation and LIFE Housing schemes.

Social Security Schemes The Panchayat disbursed ₹3.16 crore for social security pensions:

  • Old Age Pension: ₹1.99 crore

  • Widow Pension: ₹71.34 lakh

  • Disability Pension: ₹22.67 lakh

  • Agricultural Worker Pension: ₹17.07 lakh

  • Pension for Unmarried Women Above 50: ₹6.28 lakh

Cash Flow Position

  • Opening Bank/Cash Balance: ₹1.07 crore

  • Closing Bank/Cash Balance: ₹1.23 crore

  • Increase in Cash Balance: ₹15.82 lakh

Balance Sheet Highlights (31-03-2025)

Assets

  • Total Assets: ₹9.61 crore

  • Bank/Cash Balance: ₹1.23 crore

  • Loans and Advances: ₹76.51 lakh

  • Outstanding Receivables: ₹43.31 lakh

Liabilities

  • Panchayat General Fund: ₹1.09 crore

  • Reserve Funds: ₹5.76 crore

  • Special Grants and Funds: ₹83.48 lakh

  • KURDFC Loan Liability: ₹1.58 crore

Key Achievements

  • Significant utilization of funds for development activities.

  • Priority given to housing construction, health, education, and sanitation sectors.

  • Efficient distribution of social security pensions.

  • Successfully increased the closing cash balance at the end of the year.

  • Substantial investments made in road development, drinking water, and waste management.

  • Annual Finance Statements 2024 - 25