Pangode
Grama Panchayat

The Annual Financial Statement (AFS) of a Panchayat is a crucial official document prepared at the end of a financial year (March 31) and submitted for audit. It primarily consists of two parts: the Income & Expenditure Statement and the Balance Sheet. The income includes the Own Fund (building tax, fees), Grant Items (government share, plan funds), and Non-Tax Revenue. Key expenditures cover salaries of staff, Development Projects (roads, health, education), and welfare pension distribution. The Balance Sheet details the Panchayat's Assets (buildings, bank deposits) and Liabilities (loans, trust funds). This document is essential for ensuring transparency and accountability of public funds, conducting the Local Fund Audit, and for future planning for the upcoming year.