വാര്ഷിക ധനകാര്യ പത്രിക
The Annual Financial Statement (AFS) is an official document that presents the overall financial position of an institution, government system, or local self-government body during a financial year. It provides details regarding income, expenditure, assets, liabilities, and the overall financial status of the organization.
An Annual Financial Statement of a Grama Panchayat generally includes:
- Total income received through taxes, grants, fees, and other sources
- Total expenditure incurred for development activities and administrative purposes
- Details regarding the assets and liabilities of the Panchayat
- Budget estimates and the actual financial performance
- Balance amount carried forward to the next financial year
The Annual Financial Statement plays an important role in ensuring transparency, accountability, efficient financial planning, and good governance.