Vechoochira
Grama Panchayat

Vechuchira Grama Panchayat Financial Report (2024 - 2025)

1. Financial Position Overview

Total Assets/Liabilities: The total assets and liabilities of the Panchayat are equal to Rs. 11,63,63,580.

Panchayat General Fund: The total general fund, including the previous years' appropriations and the income of this year, is Rs. 5,04,43,704.

Excess Of Income Over Expenditure: This financial year, an excess of Rs. 4,46,44,599 has been recorded as income over the total expenses of the Panchayat.

2. Major Revenue Sources

The major income received by the Panchayat through various means are as follows:

Tax Revenue: Rs. 14,62,430 was received directly through building tax and employment tax. As per the trial balance, Rs 33,13,956 has been collected as residential building tax and Rs 23,06,273 as business building tax this year.

Fees & User Charges: Rs 3,47,96,811 has been collected through building permit fees, license fees and registration fees.

Revenue Grants: The panchayat received Rs 1,50,36,142 from the government under the General Purpose Fund.

Specific Purpose Grants: Rs 1,89,67,905 has been received for various welfare and development projects.

3. Analysis of Major Expenditures & Investments

The major capital expenditures made by the Panchayat in various sectors are given below:

Asset Sector

Current Year Amount

Infrastructure (Roads, Bridges)

Rs. 6,20,42,475

Service Sector (Education, Health, Waste Management)

Rs. 63,38,821

Productive Sector (Agriculture, Animal Husbandry)

Rs. 13,83,025

Capital Work-in-Progress

Rs. 79,73,559

Major Individual Expenditures (as per Trial Balance):

MGNREGS: Rs. 3,70,69,379 has been set aside for the scheme this year.

Social Security Pensions: Rs. 3,36,38,200 has been disbursed as old age pension, Rs. 1,07,23,900 as widow pension and Rs. 36,34,400 as disability pension.

Employee Salary: Rs. 81,23,096 has been spent on salary of permanent employees.

4. Loans & Advances

Secured Loans: The Panchayat currently has a loan liability of Rs. 1,08,02,636. This includes loans of Rs. 70,95,078 from KURDFC and Rs. 3,70,75,580 from HUDCO.

Advances given: The Panchayat has given Rs. 1,70,52,128 as deposits and advances to various implementing agencies. This includes large amounts paid to Kerala Water Authority (KWA) and KSEB maintenance.

5. Cash & Bank Balance

The total bank balance with the Panchayat as on March 31, 2025 is Rs. 2,93,84,862. Most of this amount is kept in the State Bank of India (SBI) Own Fund Account (Rs. 1.33 crore) and in local cooperative bank accounts.

Conclusion
Vechuchira Grama Panchayat has done good revenue collection and development activities in the financial year 2024-25. This report shows that the Panchayat has been able to spend a large amount especially on the development of roads (Infrastructure) and social welfare pensions.