AFS Report 2024-25

Velur Grama Panchayat Annual Financial Statement (AFS) for the year 2024–25 is the official financial report that shows the Panchayat’s income, expenditure, assets, liabilities, grants, and overall financial position during the financial year from 1 April 2024 to 31 March 2025.

Key Highlights

  • The Panchayat earned revenue mainly through property tax, profession tax, license fees, building permit fees, grants, and government scheme funds.
  • Major expenditures were made for road construction, drinking water projects, sanitation, street lighting, agriculture, housing schemes, health services, and welfare programmes.
  • Social welfare schemes included old age pension, widow pension, disability pension, housing assistance, and support for women and children.
  • The Income & Expenditure Statement shows a total income of about ₹20.75 crore and total expenditure of about ₹23.83 crore during 2024–25.
  • The Cash Flow Statement reports that the Panchayat had cash and bank balances of approximately ₹4.13 crore at the end of the financial year.
  • The report also includes details of assets such as roads, buildings, water supply systems, streetlights, vehicles, and public infrastructure maintained by the Panchayat.

Overall, the AFS reflects the financial activities, development projects, and public welfare initiatives carried out by the Panchayat during the 2024–25 financial year.