Gudiyattam Gudiyattam Town - Municipal

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Chapter ñ 9 Final Report: Gudiyattam Municipality Table 9-24: Status of Contributions & Grants S.No Particulars Rs. in lacs 1 Contribution by Municipality 271.30 2 Contribution by Government 383.97 3 Contribution by Private Parties 9.53 4 Grants from Government 61.08 Total 725.88 It is observed from the above that around 50% of the fixed assets excluding Land have been funded by means of Contribution and Grants from Government over the years and the balance 50% from Loans. The average current collection efficiency of the municipality is poor, between 60 ñ 70% for all the cases of Own Revenue. The arrears collection performance is also poor. The broad financial analysis of the Gudiyatham Municipality finances reveal that the Municipality has further scope for increasing its own sources of income and collection efficiency for servicing the additional borrowings in the future. To summarize, the overall income pattern of the Gudiyatham Municipality indicates both positive as well as negative trends. The positive trends are on the income side, where the Municipalityís Own Revenue has shown growth of around 10-15% over the past 6 years. The income from Devolution Fund has increased by around 50% p.a. over the last 5 years. On the negative side the Municipalityís borrowings is very high resulting in very high interest payout, which is affecting its Debt Service Ratio. The operating ratio is also high at 91% leaving only around 10% for debt service. The collection performance of the Municipality is poor and needs to be improved. Thus the Municipality needs to augment its resources for future investments and servicing of debt. With more effective management of resources, there is scope for further enhancing credit worthiness and revenues of the Municipality. On our review of the past 5 years financials of Gudiyatham Municipality, we find the following major variations in the various heads of income and expenditure resulting in disparities in financial results : The accounts for the year 2006-07 are un-audited and hence some of the heads of income and expenditure are showing variations as given below : Income There is a reduction in Devolution Fund income by around Rs. 100 lacs in 2006-07. The same is on account of the fact that certain interest dues and repayment of - 83 - Voyants Solutions Private Limited
Chapter ñ 9 Final Report: Gudiyattam Municipality loans have been adjusted against release of Devolution Fund income. The Municipality should obtain these figures and incorporate the same in Accounts. Expenditure Depreciation and Finance Charges have not been provided for the year 2006- 07. Terminal and Retirement Benefits have not been provided for the year 2006-07. The same works out to around Rs. 25 lacs per annum. 9.6 KEY FINANCIAL INDICATORS A set of key financial indicators has been derived using the financial data procured from the Municipality for the assessment period. These indicators are used to assess the municipal performance with regards to resource mobilization, fund utilization, financial performance and collection efficiencies. 9.6.1 Resource Mobilisation Indicators These indicators summarise the performance of the Municipality with regards sources of funds. Gudiyatham Municipality derives about 75 percent of its revenue income from own sources, while grants account for just about 25 percent of the revenue income. Table 9-25: Resource Mobilisation Indicators S.No Indicators Value 1 Per Capital Income - 84 - Rs. 489/- p.a. 2 Share of Own Sources in Total Revenue Income 75.43% 3 Share of Property Tax in Total Revenue Income 23.18% 4 Share of Revenue Grants & Subsidies in Total Revenue Income 24.57% 5 Growth in Revenue Income 20.85% p.a. 6 Growth of Own Sources of Revenue Income 76.21% p.a. 7 Per Capital Own Income 9.6.2 Fund Application Indicators Rs. 369/- p.a. These indicators are a measure to ascertain the utilization from the municipal fund. Around 42% of the revenue expenditure is spent on establishment heads, only 17% for municipal assets and services, leaving around 41% utilized for administration expenses and debt servicing. Establishment expenditure accounts for about 44% of the total revenue generated by the municipality. 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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LIST OF TABLES - viii - Final Repor
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Gudiyattam Gudiyattam Town - Municipal

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