All Social Security Pension beneficiaries whose pensions were sanctioned before 31 Dec 2025 are required to complete mustering before sep 30
Annual Financial Statement

The Annual Financial Statement is an accurate and comprehensive financial record of all income received and expenditure incurred by a Grama Panchayat during a financial year (from April 1 to March 31). According to the Kerala Panchayat Raj Act, every Panchayat is legally mandated to prepare this statement at the close of each financial year.

Key Objectives

  • Transparency and Accountability: It clearly demonstrates to the general public how government grants and the Panchayat's own funds have been utilized.
  • Assessing Financial Stability: It helps to accurately evaluate the overall financial position, assets, and liabilities of the Panchayat.
  • Future Planning: This document serves as the baseline for preparing the budget for the upcoming year and planning new developmental activities.

Main Components of the Statement

  • Receipts and Payments Account: Contains complete details of the actual cash receipts received and cash payments made during the respective financial year.
  • Income and Expenditure Account: A document reflecting the income and expenditure of that year, clearly indicating whether the Panchayat is running at a surplus or a deficit.
  • Balance Sheet : A statement describing the Panchayat's assets (e.g., buildings, vehicles, bank balance) and liabilities (e.g., loans to be repaid, earmarked funds) at the end of the financial year (as of March 31).