Budget Report
Budget Report is an official document prepared by accurately planning the expected receipts (income) and expenditures for a specific period (usually one year).
In simple terms, it is a financial roadmap that clearly outlines where the money will come from in the coming years (taxes, grants, etc.) and what it will be spent on (development activities, salaries, administration, etc.).
Based on the Budget Statement for the year 2025-26 of the Adichanalloor Grama Panchayat that you are currently viewing, its main components are as follows:
Receipts (Income/Revenue): This includes the tax revenues received by the Panchayat (property tax, profession tax), non-tax revenues (rents, fees), and various plan/non-plan grants received from the government.
Expenditures: This records the expenses for various development projects (Plan Expenditure), day-to-day administrative expenses, salaries, pensions, and other essential expenditures (Mandatory/Statutory Functions).
Closing Balance: This is the remaining amount after deducting the total expenditures from the total income received.