Finance Standing Committee
Finance Standing Committee
| Sl. No. | Ward | Councillor / Member | Responsibility |
|---|---|---|---|
| 1 | Kodumb (13) | Muraleedharan C. | Vice President |
| 2 | Pathiyaram (3) | Mariam / Annie Teacher | Member, Finance Standing Committee |
| 3 | Edakkad (8) | Sajitha M. R. | Member, Finance Standing Committee |
| 4 | Nelluvai South (18) | Shaji / Shaji Varghese | Member, Finance Standing Committee |
| 5 | Kariyannur South (19) | Kabeer N. K. | Member, Finance Standing Committee |
💰 Major Responsibilities of the Finance Standing Committee
As per the Kerala Panchayat Raj Act, the Finance Standing Committee is an important committee responsible for managing and supervising the financial affairs of the Panchayat.
📊 Budget and Financial Management
- Assist in the preparation of the Panchayat budget.
- Examine the annual budget and revised budget and provide recommendations.
- Suggest measures for increasing Panchayat revenue.
- Improve the efficiency of collection of taxes, fees, and cess.
- Examine the Panchayat's income and expenditure accounts.
- Supervise financial transactions.
📑 Audit and Financial Supervision
- Examine audit reports and audit observations and recommend follow-up actions.
- Ensure that Panchayat funds are utilised legally and efficiently.
- Examine matters relating to the financial management of Panchayat properties and assets.
- Provide recommendations for financial control and reduction of unnecessary expenditure.
- Provide suggestions for identifying financial resources required for development projects.
- Perform other financial matters assigned by the Panchayat Committee.
ℹ️ Importance of the Finance Standing Committee
The Finance Standing Committee plays a crucial role in ensuring financial discipline and transparency in the Panchayat. Its major objective is to ensure the financial stability of the Panchayat and the efficient implementation of development activities through budget preparation, revenue enhancement, lawful utilisation of funds, examination of audit reports, expenditure control, and identification of financial resources for development projects.
