Nellikuzhi
Grama Panchayat

Nellikkuzhy Grama Panchayat – Financial Report (as on 31-03-2025)

According to the Balance Sheet as of 31 March 2025, the financial position of Nellikkuzhy Grama Panchayat is as follows:

Liabilities and Funds

The total liabilities and funds of the Panchayat amount to ₹24,18,83,015.

Major Components

• Panchayat General Fund: ₹ -65,69,094.00
  • Indicates a deficit/negative balance.
• Reserves: ₹ 14,32,08,289.00
• Grants for Specific Purposes: ₹ 2,74,00,064.00
• Secured Loans:
  • Loan from KURDFC: ₹ 6,98,51,842.00
• Other Liabilities: ₹ 59,43,700.00

Assets

The total value of the Panchayat's assets is also reported as ₹24,18,83,015.

Fixed Assets

• Fixed Assets: ₹ 1,12,10,906.00

Annual Plan Capital Expenditure

• Productive Sector: ₹ 3,89,110.00
• Service Sector: ₹ 2,53,43,153.00
• Infrastructure Sector: ₹ 14,85,94,050.00
  • The largest share of expenditure was incurred on infrastructure development, particularly roads and street-lighting projects. 

Accumulated Depreciation

• Accumulated Depreciation: ₹ -8,22,88,094.00

Prepaid Expenses

• Prepaid Expenses: ₹ 6,31,96,530.00

Cash and Bank Balances

• Cash and deposits held across various bank accounts amount to ₹5,08,52,079.00. 

Sundry Debtors (Outstanding Receivables)

• Outstanding receivables, including property tax arrears, amount to ₹1,91,09,968.00. 

Key Observations

Infrastructure Development Priority

The Panchayat has given the highest priority to infrastructure development, with approximately ₹14.86 crore invested in infrastructure projects such as roads and street lighting.

Loan Liability

The Panchayat has availed a substantial loan from KURDFC, resulting in a significant long-term financial liability.

Revenue Deficit

The negative balance in the General Fund indicates that expenditure has exceeded revenue, reflecting a revenue deficit in the Panchayat's finances.

Summary

As of 31 March 2025, Nellikkuzhy Grama Panchayat maintains total assets and liabilities of ₹24.19 crore. While the Panchayat has invested heavily in infrastructure development and maintains considerable reserves, it also carries a significant loan burden and shows a deficit in its General Fund, highlighting the need for continued focus on revenue generation and prudent financial management.