Gudiyattam Gudiyattam Town - Municipal

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Chapter ñ 9 Final Report: Gudiyattam Municipality 2 Expenditure 266.92 321.07 326.26 337.82 356.69 367.66 3 Surplus before Int & Depreciation 18.22 115.20 149.70 77.06 162.40 126.32 4 Finance Charges 54.61 61.57 77.16 88.81 114.05 0.00 5 Surplus / (Deficit) before Depreciation (36.39) 53.63 72.54 (11.75) 48.35 126.32 6 Depreciation 112.63 93.08 91.64 82.39 76.88 0.00 7 Net Surplus / (Deficit) (149.02) (39.45) (19.10) (94.14) (28.53) 126.32 Note : The real autonomy of any organisation depends on its financial autonomy. Weak tax base, inadequate tariff level and poor collection performance have continued to be the salient features of local bodies in India. In the case of Gudiyatham Municipality, it is observed that the Municipality has incurred deficit in all the years mainly due to depreciation and high finance charges. Thus the Municipality needs to undertake lot of fiscal reforms and full leverage of its assets over the next few years to improve its financial strength. Prior to depreciation, the Municipality has incurred surplus in 4 out of the last 6 years, which is a positive sign. The summary of finances of the Municipality under the broad heads of income and expenditure for the last 6 years is as below : Table 9-22: Head-wise Income & Expenditure for last 6 years(Rs. in lacs) S.No Particulars 2001-02 2002-03 Audited 2003-04 2004-05 2005-06 Un-audited 2006-07 1 Income Property Tax 95.54 96.25 98.25 99.71 102.18 114.49 Profession Tax 14.66 15.84 19.92 19.07 19.23 87.76 Water Drainage & 27.19 28.71 45.39 35.43 35.53 41.40 Assigned Revenue 26.09 77.50 45.74 32.73 23.57 20.52 Devolution Fund 76.60 152.97 201.29 166.16 268.67 100.83 Serv. Chgs & Fees 8.49 14.02 15.13 14.25 12.04 22.30 Grants & Cont. 0.00 0.00 0.00 0.00 0.00 0.00 Sale Chgs & Hire 0.00 0.00 0.00 0.00 0.00 0.00 Other Income 36.57 50.98 50.24 47.53 57.87 106.68 Total Income 285.14 436.27 475.96 414.88 519.09 493.98 2 Expenditure Personnel Cost 163.57 157.99 153.54 156.14 167.24 206.78 Terminal Benefits 38.58 48.01 35.56 27.86 61.49 0.68 O&MñStreet Lights 20.09 43.63 34.86 29.56 43.33 28.39 O&M ñ Water 20.71 27.87 50.27 38.57 31.30 35.61 - 81 - Voyants Solutions Private Limited
Chapter ñ 9 Final Report: Gudiyattam Municipality 3 4 Repairs Maint. & 11.70 10.60 8.55 17.02 18.75 26.85 Programme Exps 0.00 0.00 0.00 26.56 0.00 6.65 Administrative Exp 12.27 32.75 43.48 42.11 34.58 62.70 Finance Expenses 54.61 61.57 77.16 88.81 114.05 0.00 Depreciation 112.63 93.08 91.64 82.39 76.88 0.00 Total Expenditure 434.16 475.72 495.06 509.02 547.62 367.66 Surplus / (Deficit) (149.02) (39.45) (19.10) (94.14) (28.53) 126.32 It may be observed that the higher income over the years is mainly on account of increase in Grants Income over the years. Besides the depreciation has reduced from around Rs. 110 lacs to Rs. 80 lacs over the last 6 years. The assigned revenue of the municipality has been on reducing trend over the years. As regards Devolution Fund, the same has increased from around Rs. 75 lacs to around Rs. 250 lacs over the years, increase of around 50% over the last 5 years. This has mainly contributed to increased revenue over the years. The municipalityís own resources has also shown increase over the years, which is a positive sign. The municipalityís own revenue comprising property tax, profession tax, water charges and income from properties have all shown growth of around 10-15% over the last 6 years. The total accumulated surplus of the Municipality as on 31st March 2007 stands at Rs. 3954 lacs. As against the same, the total fixed assets comprising land, buildings, plant & machinery, vehicles etc. stands at Rs. 5608 lacs. Out of the total fixed assets, the value of land is Rs. 4028 lacs. The total loans of the Municipality as on 31st March 2007 stands as below : Table 9-23: Borrowings of the Municipality (Rs. in lacs) S.No Loan from Purpose Rate of Interest O/s as on 31.3.07 1 Government Loan Ways & Means 10.5% 175.41 2 Loan from TUFIDCO Special Roads & Water Supply 13% & 15% 331.94 3 Loan from TNUDF Roads & Drains 15% 53.72 4 Loan from Bank - 15% 90.70 Total 651.77 As against the same, the contribution by Municipality, contribution by Government and Grants from Government as on 31st March 2007 stands as below : - 82 - Voyants Solutions Private Limited
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SEPTEMBER 2 0 0 9 S S T A G E ññ
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SWOT Analysis for Gudiyattam Munici
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5. PROPOSED REFORMS The proposed ma
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B Social Infrastructure Facilities
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- ii - Final Report: Gudiyattam Mun
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- vi - Final Report: Gudiyattam Mun
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LIST OF TABLES - viii - Final Repor
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- x - Final Report: Gudiyattam Muni
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Chapter ñ 1 Final Report: Gudiyatt
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Chapter ñ2 Final Report: Gudiyatta
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Annexure Final Report: Gudiyattam M
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Gudiyattam Gudiyattam Town - Municipal

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