Vadakkenchery
Grama Panchayat

Annual Financial Statement (AFS) for the Financial Year 2024–2025 of the Vadakkenchery Grama Panchayat (Palakkad District, Kerala).

The structural blueprint and primary financial data points contained within the statement are summarized below:

📋 Statement Structure & Components

The statement is compiled in full compliance with the Kerala Panchayat Raj (Accounts) Rules, 2011, using a double-entry accrual accounting method. It comprises three core sections:

1. Income & Expenditure Statement: Reflects the regular operational revenue generated and expenses incurred during the year.

2. Receipts & Payments Statement: Tracks the physical cash flow moving in and out of the panchayat's bank and treasury accounts.

3. Balance Sheet: Provides a snapshot of the local body's structural liabilities, reserve funds, fixed capital investments, and liquid assets as of March 31, 2025.

💰 Core Financial Breakdown (FY 2024–2025)

1. Revenue and Earnings (Income)

The total operating income accounted for by the Grama Panchayat during the financial year reached ₹262,551,217.00.

• Grants and Subsidies: The overwhelming majority of the budget is supported by Revenue Grants, Specific Purpose Funds, and Subsidies, totaling ₹225,956,869.00.

• Tax Revenue: Internal local tax collection brought in ₹17,577,957.00.

• Fees and User Charges: Revenue from public service fees, licensing applications, and local user charges accounted for ₹12,625,129.00.

• Rental Income: Revenue collected from panchayat-owned commercial shop rooms and physical properties generated ₹5,253,508.00.

2. Expenditures and Fund Outlays

The total expenditure logged across administrative and developmental programs amounted to ₹259,056,431.00.

• Transferred Institutions & State Schemes: Direct execution of state-sponsored programs and funding for transferred sectors comprised the largest single expenditure block at ₹83,244,700.00.

• Decentralized Plan Programmes: Developmental plans executed under the decentralized structural framework spanned several key sectors:

  • Service Sector: ₹60,361,847.00.

  • Projects Not Under Specific Sector Divisions: ₹20,789,794.00.

  • Infrastructure Sector: ₹10,975,426.00.

  • Productive Sector: ₹7,934,006.00.

• Establishment Expenses: Mandatory personnel salaries, allowances, and institutional administrative costs required ₹22,936,967.00.

• Operations, Assets & Maintenance: Physical asset operations, system repairs, and structural maintenance clocked ₹10,919,538.00.

3. Net Financial Position

• Gross Operational Surplus: The raw difference between the collected operational income and operational expenses yielded a gross surplus of ₹3,494,786.00.

• Accounting Adjustments & Final Deficit: After addressing a steep non-cash Depreciation charge of ₹36,427,286.00 and clearing mandatory allocations to reserve accounts, the financial statement logs a Net Deficit of -₹27,313,743.00 which was carried over directly to the permanent Balance Sheet under the main Panchayat Fund ledger.

📊 Balance Sheet Summary (As of March 31, 2025)

The statement details a structurally balanced financial equilibrium of ₹248,380,146.50 between absolute liabilities and organizational holdings.