BUDGET REPORT
IRIKKUR BLOCK PANCHAYAT BUDGET
Economic Planning | Development Activities | Public Welfare
Budget Details
The Block Panchayat Budget is an official financial document that records the estimated receipts and expenditure of the Block Panchayat for a financial year. According to the Kerala Panchayat Raj Act, 1994, it is a constitutional requirement to prepare the budget for the upcoming financial year well in time and obtain the approval of the governing council.
Development Fund: Plan Fund provided by the State Government for project activities.
Maintenance Grant: Funds received for the repair and maintenance of roads, buildings, and other assets.
General Purpose Grant: Financial assistance provided by the government to meet the day-to-day administrative and operational expenses of the institution.
Central Finance Commission Grant: Financial assistance received from the Central Government for drinking water, sanitation, and infrastructure development.
Central/State Sponsored Scheme Allocation: Funds received for specific schemes such as VBGRAMG, PMAY, etc.
Own Revenue & Other Receipts: Revenue generated from assets under the ownership of the Block, along with fees, bank interest, and other miscellaneous income.
Plan Expenditure (Capital/Developmental Expenditure): The amount allocated for projects in sectors such as agriculture, dairy development, animal husbandry, small-scale industries, SC/ST welfare, and infrastructure development.
Maintenance Expenditure: Funds allocated for the repair and maintenance of roads, buildings, and institutions under the Block Panchayat.
Administrative Expenditure (Revenue/Administrative Expenditure): Staff salaries, day-to-day office expenses, vehicle expenses, and sitting fees.
• Development Priorities: Clarifies the degree of importance given to local development needs (for example: drinking water, agriculture, and women's welfare).
• Financial Discipline: Helps align expenditure strictly within the available funds and avoid unnecessary expenses.
• Transparency and Auditing: As an official record of how public money is utilized, the budget report is essential for Local Fund Audit.
• Supplementary Budget: If additional revenue or unexpected expenses arise mid-financial year, the governing body has the authority to revise the budget (Revised Budget) and present a supplementary budget.