Elikulam Grama Panchayat
Annual Financial Statement – Summary
Annual Financial Statement (AFS) 2024–25
From 01-04-2024 to 31-03-2025
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Overview of the Financial Year
Based on the Annual Financial Statement (AFS) of Elikulam Grama Panchayat for the financial year 2024–25, this summary presents key information regarding the Panchayat's income, expenditure, major sources of revenue, development and welfare expenditure, social security pension expenditure, and cash and bank balances.
1. Key Financial Highlights
Total Income ₹14,90,84,578 | Total Expenditure ₹14,09,76,926 |
Gross Surplus ₹81,07,652 Surplus of Income over Expenditure | Final Surplus ₹87,54,450 After Prior Period Items |
The Financial Year Ended with a Surplus
After considering Prior Period Items, the final surplus of Elikulam Grama Panchayat for the financial year 2024–25 was ₹87.54 lakh.
2. Major Sources of Revenue
| Revenue Item | Amount |
|---|
| Revenue Grants, Contributions & Compensation | ₹13,62,11,764 |
| Tax Revenue | ₹77,17,058 |
| Fees & User Charges | ₹40,95,973 |
| Interest Earned | ₹4,17,656 |
| Income from Investments | ₹2,40,713 |
| Rental Income | ₹1,61,820 |
3. Major Expenditure
| Expenditure Category | Amount |
|---|
| State Sponsored Schemes & Transferred Institutions | ₹5,43,93,800 |
| Infrastructure Sector | ₹2,70,81,809 |
| Service Sector | ₹2,31,28,188 |
| Establishment Expenses | ₹1,25,60,304 |
| Poverty Alleviation Projects | ₹1,18,01,357 |
| Productive Sector | ₹53,61,607 |
| Depreciation | ₹28,97,911 |
4. Social Welfare Pension Expenditure
A significant amount was spent on various social security pensions under State-sponsored schemes.
Old Age Pension ₹3,70,14,600 | Widow Pension ₹1,06,07,400 | Disability Pension ₹38,76,200 |
Total State Welfare Scheme Expenditure: ₹5,43,93,800
5. Cash & Bank Balance
Opening Balance ₹2,38,56,319 | Increase in Cash ₹56,08,203 | Closing Balance ₹2,94,64,522 |
At a Glance | Financial Highlights
₹14.91 Crore
Total Income | ₹14.10 Crore
Total Expenditure | ₹87.54 Lakh
Final Surplus | ₹2.95 Crore
Cash & Bank Balance |
Conclusion
Elikulam Grama Panchayat concluded the financial year 2024–25 with a surplus of ₹87.54 lakh. The major areas of expenditure of the Panchayat included social welfare pensions, infrastructure development, the service sector, and poverty alleviation projects. At the end of the financial year, a Cash & Bank Balance of ₹2.95 crore was recorded.
Elikulam Grama Panchayat
Annual Financial Statement Summary • 2024–25
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