Gudiyattam Gudiyattam Town - Municipal
Gudiyattam Gudiyattam Town - Municipal
Gudiyattam Gudiyattam Town - Municipal
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Chapter ñ 9 Final Report: <strong>Gudiyattam</strong> <strong>Municipal</strong>ity<br />
2 Expenditure 266.92 321.07 326.26 337.82 356.69 367.66<br />
3<br />
Surplus before Int &<br />
Depreciation<br />
18.22 115.20 149.70 77.06 162.40 126.32<br />
4 Finance Charges 54.61 61.57 77.16 88.81 114.05 0.00<br />
5<br />
Surplus / (Deficit)<br />
before Depreciation<br />
(36.39) 53.63 72.54 (11.75) 48.35 126.32<br />
6 Depreciation 112.63 93.08 91.64 82.39 76.88 0.00<br />
7 Net Surplus / (Deficit) (149.02) (39.45) (19.10) (94.14) (28.53) 126.32<br />
Note :<br />
The real autonomy of any organisation depends on its financial autonomy. Weak<br />
tax base, inadequate tariff level and poor collection performance have continued<br />
to be the salient features of local bodies in India.<br />
In the case of Gudiyatham <strong>Municipal</strong>ity, it is observed that the <strong>Municipal</strong>ity has<br />
incurred deficit in all the years mainly due to depreciation and high finance<br />
charges. Thus the <strong>Municipal</strong>ity needs to undertake lot of fiscal reforms and full<br />
leverage of its assets over the next few years to improve its financial strength.<br />
Prior to depreciation, the <strong>Municipal</strong>ity has incurred surplus in 4 out of the last 6<br />
years, which is a positive sign.<br />
The summary of finances of the <strong>Municipal</strong>ity under the broad heads of income<br />
and expenditure for the last 6 years is as below :<br />
Table 9-22: Head-wise Income & Expenditure for last 6 years(Rs. in lacs)<br />
S.No Particulars<br />
2001-02 2002-03<br />
Audited<br />
2003-04 2004-05 2005-06<br />
Un-audited<br />
2006-07<br />
1 Income<br />
Property Tax 95.54 96.25 98.25 99.71 102.18 114.49<br />
Profession Tax 14.66 15.84 19.92 19.07 19.23 87.76<br />
Water<br />
Drainage<br />
&<br />
27.19 28.71 45.39 35.43 35.53 41.40<br />
Assigned<br />
Revenue<br />
26.09 77.50 45.74 32.73 23.57 20.52<br />
Devolution<br />
Fund<br />
76.60 152.97 201.29 166.16 268.67 100.83<br />
Serv. Chgs &<br />
Fees<br />
8.49 14.02 15.13 14.25 12.04 22.30<br />
Grants & Cont. 0.00 0.00 0.00 0.00 0.00 0.00<br />
Sale<br />
Chgs<br />
& Hire<br />
0.00 0.00 0.00 0.00 0.00 0.00<br />
Other Income 36.57 50.98 50.24 47.53 57.87 106.68<br />
Total Income 285.14 436.27 475.96 414.88 519.09 493.98<br />
2 Expenditure<br />
Personnel Cost 163.57 157.99 153.54 156.14 167.24 206.78<br />
Terminal<br />
Benefits<br />
38.58 48.01 35.56 27.86 61.49 0.68<br />
O&MñStreet<br />
Lights<br />
20.09 43.63 34.86 29.56 43.33 28.39<br />
O&M ñ Water 20.71 27.87 50.27 38.57 31.30 35.61<br />
- 81 -<br />
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