Audit Report 2022-23
This document is the Audit Report of Pozhuthana Grama Panchayat for the financial year 2022-23 prepared by the Kerala State Audit Department. The audit reviewed financial transactions, project implementation, fund utilization, welfare schemes, tax collection, and accounting systems.
Key Financial Details
- Opening Balance: ₹1.76 crore
- Total Receipts: ₹5.19 crore
- Total Expenditure: ₹4.35 crore
- Closing Balance: ₹2.61 crore
Project Review
- Approved projects: 207
- Implemented projects: 151
- Not implemented: 56
- Overall project expenditure was only 15.85%
Welfare Schemes
Major expenditure was incurred for widow pension, old-age pension, disability pension, and agricultural labour pension schemes.
Major Audit Findings
- Errors and inconsistencies were found in annual accounts.
- Monthly bank reconciliations were not prepared.
- Asset registers were not updated properly.
- Important registers and records were not maintained accurately.
- Loan statements and bank records were unavailable.
- Property tax assessment errors caused revenue loss.
- A large portion of allocated funds remained unspent.
- Standing Committees and Working Groups were not functioning effectively.
Audit Recommendations
- Improve accounting and financial management systems.
- Update asset and tax registers regularly.
- Ensure effective project implementation.
- Utilize allocated funds in a timely manner.
- Strengthen internal control and monitoring mechanisms.