Karumkulam
Grama Panchayat

the Annual Financial Statement (AFS) for the financial year 2025-26 of Karumkulam Grama Panchayat is an official document that outlines the panchayat's income and expenditure accounts as well as its overall financial stability for the year. Prepared via official platforms like local.gov.in / K-Smart, the key components of the AFS include:

* Financial Position: It reflects a comparison between the total revenue received during the financial year (General Fund, Own Revenue, Grants) and the developmental/welfare expenditures incurred.
* Own Revenue: Revenue collected through Property Tax, Profession Tax, permit fees, building rent, and other local levies is recorded in the AFS.
* Development Expenditure: Details how Own Funds and Development Funds were utilized for infrastructure development (roads, drainage, streetlights), agricultural/dairy development, and waste management.
* Social Security & Welfare Schemes: Expenditure incurred on old-age pensions, widow pensions, disability benefits, and SC/ST development schemes forms a vital part of this financial statement.
* Receivables & Liabilities: The balance sheet incorporates pending tax dues to be collected by the panchayat, grants receivable under various projects, and deposits to be repaid.

Approved by the Panchayat Governing Body and submitted for financial audit, this document helps evaluate the panchayat's developmental achievements and future financial goals.