Scribd
Upload
117 views9 pages

Finance of The Panchayat: Income and Expenditure

The document discusses the finances of a panchayat in India called Edaicode Town Panchayat. It summarizes the panchayat's sources of income over several years from 1997-2018, which include taxes, fees, fines, and government grants. It also outlines the different bank accounts maintained by the panchayat and the forms and registers used to record financial transactions.

Uploaded by

ram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
117 views9 pages

Finance of The Panchayat: Income and Expenditure

The document discusses the finances of a panchayat in India called Edaicode Town Panchayat. It summarizes the panchayat's sources of income over several years from 1997-2018, which include taxes, fees, fines, and government grants. It also outlines the different bank accounts maintained by the panchayat and the forms and registers used to record financial transactions.

Uploaded by

ram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 9

CHAPTER V

FINANCE OF THE PANCHAYAT

Finance is very important in every one's life. It is true in the case of


panchayat also. It got finance from the sources of house tax, library cess,
professional tax, stamp tax, magisterial fines, fees for D and 0 trade licenses,
building licenses and layout approval. Licenses under T.N places of public
Resort Act 1888 levied and collected by the panchayat union and assigned to
the respective village panchayats.

Beyond the above said assigned revenues there are some Government
Grants also. They are house tax matching grant, hand pumps and power
pumps maintenance grant, streetlight maintenance grant for panchayat.

From 1997-98 onwards each village panchayat are getting a grant


based on the recommendation of the State Finance Commission (SFC)
which is a major grant.

Income and Expenditure

The following particulars show the income and expenditure strategy


of Edaicode Town Panchayat. In 2013-2014 the panchayat had an income of
Rs.2,53,990.20 and the expenditure was Rs. 1.98,101.90.4 In the year 1994-95
total income was Rs.4.79,110.00 and expenditure Rs.4,46,160. In the year
1995-96 there was an income of Rs.3.48,777 and expenditure stood
Rs.3,11,663. In the year 1996-97 income went upto Rs.3,64,174
and expenditure was Rs.3,31,266.

In the year 1997-98 income rose to Rs.5,81,474.90 and expenditure


increased to Rs.7,67,110.00. In the year 1998-99 the panchayat income of
944983.50 and expenditure of Rs.855074. This income for the 1999-2000 was

1
981393.50 and expenditure was 1067247. In the year 2017-2018 to income
13,0103.13 expenditure of 1293340. In the year 2001-2002 income from
house tax was Rs.88.032, professional tax Rs.52,116, water.

Accounts maintained in the Panchayat

Under the revised system of maintenance of village panchayat


accounts each village panchayat is proposed to have 3 bank accounts.

1. Town Panchayat Fund Account

2. Town Panchayat Earmarked Grants Accounts

3. Town Panchayat Scheme Fund Account.

These accounts may be permitted to be opened in a branch of any co-


operative bank, any branch of regional rural banks, post-office savings bank
or nationalized bank.6 There should be a separate cash book for each of these
three accounts. All the accounts should be jointly operated by the President
and Vice-President: In exceptional cases, where there is adverse relationship
between the President and the Vice-President, the panchayat may pass a
resolution to authorize any other member other than Vice-President to jointly
operate the account along with the President. Prior approval of inspector of
panchayat shall be obtained for this.

i) Panchayat Fund Account

The following are the receipts that will go into it's account.

Taxes

1. House tax

2. Professional tax Fees

2
1. Fees for bus stand, car stand etc.,

2. Private conservancy charges and cess pool fees

3. Fees on markets etc.

Fines

All fines and penalties levied by or on behalf of the village panchayat.


Beyond this, miscellaneous revenues, assigned revenues, government grants
and other revenues under section 1888 of the Tamil Nadu Panchayat Act
1994, should be maintained in the account.

ii) Earmarked Grants Account

As a general rule, all grants in the form of "tied fund" should go into
the earmarked grants account. The grants will be released by the collection
directly to the panchayats without outing the same through blocks.9 The land
for general exposes of Adi-Dravidar is an example for earmarked grants
account. The earmarked grants account will also be operated by the
President. Relevant vouchers registers and other should be maintained at the
Edaicode Town panchayat Office. The audit of this account will be done by
the designated. BDO and the panchayat officers.

iii) Scheme F. and Account

Funds an provided under, Centrally Sponsored Scheme like J.V.V.J..


JAY, CRSP and any others scheme that may entrusted to the panchayats from
time to time will to into this account.

Forms and Register

As per the manual of panchayat administration as many as 60


panchayat forms, called V.P forms have been prescribed to be maintained at

3
the panchayat level.12 These have now been revised into 31 forms listed
below.

1. V.P. Form No. 1 - House Tax Demand Notice

1. V.P. Form No. 2 - House Tax Receipt

1. V.P. Form No. 3 - Profession Tax Receipt

1. V.P. Form No. 4 - Taxes and Miscellaneous items

Collection Register

1. V.P. Form No. 5 - Cash book cup Fund Account

1. V.P. Form No. 6 - Register of Maintenance

1. V.P. Form No. 7 - Cash book (Scheme fund account)

1. V.P. Form No. 8 - Monthly Statement of Classified Receipts

and Expenditure or all the 3 accounts to be sent to the Inspect or after


the approval of the Edaicode Town panchayat

PRIOR YEAR EXPENDITURE 2012-2013


Date BPV/JVRO Particulars i Amount
01.04.2002 EJV 001 Salary March 2002
01.04.2002 EJV 002 Council Citting Fee March42503
2002
01.04.2002 EJV 003 Power Charges March 2850
2002
01.04.2002 EJV 004 PF, SPF, FBF, GPF, HF, Gl March78682
2002
01.04.2002 EJV 005 Salary March 2002 4495
5620
04.07.2002 EJV 022 Salary 16.03.1997 to 31.03.2012 10868
14.11.2002 EJV 054 Group Insurance 1/1978 to 9/2009 12509
31.03.2003 EJV 044 Opening Balance of Library Cess 37200
'
Total deleted 194727

4
WARD-WARD POPULATION PARTICULARS
Sl.No. Ward No. Men Women Total
1 I 587 597 1184
2 II 698 637 1335
3 III 648 664 1312
4 IV 670 648 1318
5 V 660 732 1392
6 VI 551 578 1129
7 VII 577 545 1102
8 VIII 583 552 1136
9 IX 561 588 1149
10 X 694 694 1388
11 XI 608 598 1206
12 XII 597 609 1206
13 XIII 626 607 1233
14 XIV 677 655 1332
15 XV 657 646 1303
16 XVI ' 523 785 1308
17 XVI 601 652 1253
18 XVIII 640 597 1237
19 Total 11158 11384 22542

EDAICODE TOWNPANCHAYAT

AF II SCHEDULE-D TO BALANCE SHEET AS AT 31.03.2013

Code No. Account Head Amount Rs.


3060 Post Office 306146
3061 SBI Vilavancode A/c No.l 1031051
3069 SBI Vilavancode A/c No. 11 128182
3069 SBI Vilavancode A/c No, 111 15708
3126 M.P fund IOB Puthanchandai A/c 42775
3127 M.L.A. fund IOB Puthanchandai A/c 98703
Total 1523862

5
EDAICODE TOWNPANCHAYAT AF II SCHEDULE - D TO

BALANCE SHEET AS AT 31.03.2003

Sl.No. Account Account Year wise Arrears Total Rs.


Code Head
02-03 01-021000- l 31-01
300
1 3003 Property 260843 108859 46902 53848 470452
Tax
2 3006 Profession 2000 1040 1370 28762 33172
tax
3 3010 License 2671 2671
other fee
4 3012 Lease
Arrear
5 Market 3150 52965 56115
6 Coconut 14539 14539
farm
Total I I 576949

EDAICODE TOWN PANCHAYAT FINANCIAL REPORT


OPENING BALANCE SHEET AS AT 31 MARCH 2012
LIABILITY

As at Code Accounts head Schedules As at


31.03.2011 No. 31.03.2012
Rs.
1 2 3 4
4018 Security deposit 22
suppliers
4019 Deposit others 22
4044 Salaries payable 23
4013 Contribution from 24
the Government

4014 Grants from the 24 100000


Government

6
RECOVERIES FROM STAFF SCHEDULE
4021 P.F Recoveries 24
4025 S.P.F cum gratuity recoveries 24
4026 FBF/ group insurance "24"
4033 Health fund 24

OUTSTANDINGS
4035 Income Tax deduction contractors 24 20379
4090 Provident Fund 24 140316
4090 JVVT 24
4090 SJSRY 24 76483

RECEIPTS AND PAYMENTS FOR THE PERIOD

FROM 01.04.2012 TO 31.03.2013

ABSTRACT OF THE DAY BOOK

Code No. Accounts Head Receipts Payment


Rs. Rs. 1
Opening Balance i
3061 SBI Vilavancode A/c No. 1 25920 1
3069 SBI Vilavancode A/c No.l 1 65231
3069 SBI Vilavancode A/c No. 111 15708
3126 M.P funmd IOB Puthanchandai 131741

A/c No. 5870


3127 M.L.A fund IOB, Puthanchandai 98703
A/c No. 60335

4023 RD 5800
4025 SPF 740

7
4026 FBF 1220
4028 GPF 40788
4033 Health fund 36
3126 M.P fund IOB Puthanchandai 42775
A/c No. 5870

3127 M.L.A fund IOB, Puthanchandai 98703


A/c No. 60335

Most of the houses built in modern days have open terraces. They are
plastured and painted beautifully and maintained gardens in front of the
houses.

Sources of Information

For writing the dissertation " History of Edaicode" a consultation has


been made with the authorities concerned both Primary and Secondary data.
Primary Sources

The primary sources are government records, government gazetteers,


statistical reports, registers, administrative reports, school reports church
records and temple records.

Secondary Sources

Secondary sources are published works and papers along with some
other second hand information.

The records of the voluntary organization are very much useful for this
dissertation. The panchayat minutes and annual reports of Edaicode
panchayat are very useful to analyse the development of the people in
different ways. The personal interviews are very much useful for writing this
thesis. A consultation has been made to refer the records of the religious
organisation and the social welfare organisation. All the available second
8
published works have been consulted properly to avoid subjectivity in the
consultation of the historical edifice.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy