Tamil Nadu Urban Infrastructure Financial Services ... - Municipal

11 Waste generation per capita (gms) 414 Composing, Source segregation and Door-to-
12 Collection efficiency (% of waste
generated)
14 Compost yard area (Acres per 10,000
population)
100%
74%
15 Average vehicle trips 4
16 Source Segregation and Composting
(Yes/No)
Analysis of financial performance
partial
door collection needs implementation in a
phased manner.
Awareness among citizens for less usage of
plastics.
Scope for greater private participation
covering end-to-end given the size and scope
of the SWM service requirement.
Exhibit 2 provides a summary of the income and expenditure of Krishnagiri Municipality.
Exhibit 2 Income and Expenditure summary
INCOME – Rs in lakhs 2002-03 2003-04 2004-05 2005-06 CAGR %
OWN INCOME 228 222 267 267 5%
Property tax 134 130 140 131 -1%
Profession tax 11 12 11 15 11%
Water & Sewerage Charges 29 25 53 48 18%
Other Service Charges & Fees 6 9 7 22 57%
Other Income 48 46 56 52 3%
ASSIGNED REVENUE 55 96 35 66 7%
DEVOLUTION FUND 154 127 160 56 -29%
PRIOR PERIOD INCOME 20 6 77 4 -44%
TOTAL 458 452 539 398 -5%
EXPENDITURE – Rs in lakhs 2002-03 2003-04 2004-05 2005-06 CAGR %
Salaries 159 168 143 179 4%
Operating Expenses 82 127 92 86 1%
Programme Expenses 1 1 1 1 -20%
Administrative Expenses 19 10 11 86 65%
Finance Expenses 34 36 0 20 -16%
Depreciation 78 82 102 16 -41%
Prior Period Expenses 2 2 0 6 49%
TOTAL 298 345 247 378 8%
SURPLUS - (Excl.Depr) 160 107 291 20 -50%
Operational Ratio (Total Exp/Total Income) ( All figures in Percentage) Avg.
Incl Depreciation 85% 95% 76% 98% 89%
Excl. Depreciation 68% 77% 53% 94% 73%
Debt servicing (Rs in lakhs)
Loan repayments - Interest 37.01 25.64 38 19.56 120.21
Loan repayments - Principal 12.28 8.27 7.28 7.59 35.43
Debt servicing Vs Income 11% 8% 8% 7% 8.40%
Source: Krish-M and IMacs analysis
As seen from the table Income has grown at CAGR of 8.5% up from FY 03 to FY05, but has dipped
in FY06. The ULB has therefore slipped from a positive cash surplus scenario to a deficit in FY 06.
However, it should be noted that the financials for 2005-06 are un-audited figures and are subject to
change. Some of the discrepancies observed are listed below:
CCP cum BP – Krishnagiri Municipality iv