Audit Report 2024-25
Audit Report Summary of Vellathooval Grama Panchayat for the Financial Year 2024–25
The Audit Report for the financial year 2024–25 of Vellathooval Grama Panchayat identified various financial and administrative irregularities.
Discrepancies were found between the Annual Financial Statements and the Demand, Collection, and Balance (DCB) Registers. Mismatches were also recorded in the accounts relating to Profession Tax and Property Tax.
The audit report noted that certain receipts and expenditures had been recorded without adequate supporting documentation. Differences were also observed between the fixed deposit amounts and the figures reported in the annual accounts.
The Panchayat budget reflected substantial amounts under both income and expenditure heads. However, underutilization of development funds was observed in certain sectors. Since less than 80 percent of the allocated funds were utilized, the Panchayat incurred a financial loss.
Out of a total of 322 projects included in the Annual Plan, only 182 projects were completed. The overall project implementation rate was approximately 56 percent.
Various development projects were implemented in sectors such as agriculture, healthcare, and road development. Financial assistance was provided directly to workers through the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Social Security Pensions were also distributed to eligible beneficiaries across different categories.
The audit report further highlighted certain deficiencies in office administration and the maintenance of registers and records.
The report recommends strengthening financial management practices, improving record-keeping systems, and enhancing the efficiency of project implementation to ensure better utilization of public funds and more effective delivery of development programmes in the future.