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Annual Financial Statement

Annual Financial Statement of Kurumathur Grama Panchayat

The Annual Financial Statement of Kurumathur Grama Panchayat is an official financial document that includes details of the Panchayat’s income and expenditure during a financial year, its assets and liabilities, and the utilization of various funds. This statement is prepared to ensure transparency and accountability in the financial activities of the Panchayat.

The major components of the Annual Financial Statement of Kurumathur Grama Panchayat are as follows:

  • Income Statement: Details of taxes, fees, government grants, and other sources of income.
  • Expenditure Statement: Details of expenditure on development activities, salaries, welfare schemes, and administrative expenses.
  • Receipt and Payment Statement: Details of the cash receipts and payments during the financial year.
  • Asset Details: Details of the Panchayat’s assets, such as buildings, land, equipment, and other properties.
  • Liability Details: Details of loans, outstanding dues, and amounts payable.
  • Fund Utilization Report: Details of how plan funds and grants were utilized.
  • Bank / Treasury Balance: Details of the balance available in bank and treasury accounts at the end of the financial year.
  • Audit Details: Details of audit reports, observations, and findings related to the financial activities of the Panchayat.