Pulincunnoo
Grama Panchayat

             The Annual Financial Statement is an official financial document prepared by the Panchayat in a financial year, including the income received, expenses incurred, and the status of assets and liabilities. It is prepared on the basis of the Kerala Panchayat Raj Act and the Accounting Rules. It also serves as the main document for evaluating the efficiency and transparency of the financial activities of the Panchayat. It helps the public to clearly understand the financial status of the Panchayat. It includes income information such as tax income, license fees, government grants, and project funds. It also records the expenses incurred for development projects, employee salaries, administrative expenses, and public works activities. It contains information about the assets of the Panchayat such as land, buildings, and vehicles, and liabilities including arrears and loans. The statement records the balances in various bank accounts, the balances of project funds, and information about special funds. This statement, which serves as a basic document for audit and financial inspections, is also helpful in preparing future plans and budgets. Therefore, the Annual Financial Statement is a comprehensive and transparent account of the financial transactions of the Panchayat.