Chirkunda Nagar panchayatBalance Sheet as on 31st March ZOtg

CodeNo Description Schedulc

No-A6 on

3t -o.? rrlr qAs on

31_O? rnreHsgt I I f$t+tt

Reserves and SurolusMt tnirinrl /'r:66a-it\ E..-,3- 10

3-1 1B-1 1o,660,324 12,155.450B-2

B-33-72 Reserves

306,655,455 254,892,395rotat Reserv€s &. Surplus ?17,315,779 2.i7,O47,945

3-20 Grants, Contributions for specific putposes B-4 772,699,340 r25t937,729Loans

Secured loans

Jnsecured loansfotal larn<

3-303-3 1

B-5

B-6

Current Liabilities & provisions3-40 UEP9DtLS IecelVeO B-7 6,O82,403 7,77O,0063-4 Deposlt works3-50

B-8

B-9 4,O54,3253-60 Provirffii

3,959,999

il}rrraaaB-10

1o.'-36.72A 11,730,OOs

Aaaata44O,151,847 4o4,7',51579

4-10 Gross BlockB-11

183,011,050 121,031,5034-t7 Less: Accumulated qepreciation53,724,724 39,767,5t5Net Block

4-r2129,286,326 81,263,988

tsrrur rrvr ^-ttt-pt uql

794,347,9O3 191,165,469Total Fixed AssetsInv€stmGntsInvestment - General Fund

323,634,229 272,429,457

4-204-27

s-12B-13

Total rnvestmantcCurrent assets, loans & advances

4-30 itock in handB-14

f Debtors (Receivables) B-154-3L Gr

1,660,453 1,006,9164-32 Less: Accumulated provision against bad and

doubtful receivables 98,757

4-40 1,567,696 1,006,916

4-50B-16

4-60B-t7 114,880,922 L37,129,206

4-61B-18 75,000 150,000

4-701161517,519 132,286,'-22

4-80

B-19

B-20

Notes tc 44O,.as'-,847 4O4r715?579B-21A

For Chirkunda Nagar ponchayat

AlTnilN

--h^

4r lhDl\q

Nam Officer Date: go\rs) UrS

Chirkunda Nagar panchayat

Schedule to Bahnoc SheEt ae qn 31.03.2019

Sch€dulc

Earrn.rkcd Furds _ Code t{o-311

(All amount arc inIndlan Rupees)B-l: Fund No-31O

code No Particul.ro Opening balence Addation Totrl Iledrction Bcknce

110-90||uItqtPal t5,574,73r 75,574.731Excess of income over3xDenditure (3,419,28t) (3,419,281) 1,495,L26

r5,574,73t

(4,914,407)Tot!l 12,1s5.450 12,155.450 1,4es,r2o r - t-o-;;86;2{-

Code lYo Particulanr Opening bllancc Addition Total Dcdu€tion Ealance

?n6 ASI112-50capttat cantributionRevaluation Race^'.

254,e92,395 65,151,981 320,O54,376 13,398,921

?!i4,8e2,ses 6t151,981 32O,fJ54,375 13,39a,921 306,555,455

Chirkunda Nagar panchayat

Schedqle to BahncG Sheqt as on 31.03.2019 (All amount are inIndian Rupees)

r Specific purpodeg No-32O)

Interest/ Dividend eirnEEii-c.antlnueifriiliProfit on disposal of Grantliiestments

in value of Grant tnvEstmEnEother addition (ndjustment n- crant Balance

glPayments out of funds

Loss on disposal of G.ant Iniestmentin value of Grant Investment

Net Balance.t the ehd (a+b)-(,c)

As on 31.03.2019

Loans from banks & other

or#"flaqtfrrgo-sl ;mt qth?i

Schedul€ to B.bnc€ Sheet.s or 31-O3.2Otg

Loans from banks & other

ther Liabititiee

Chirkunda Nagar panchayat

iFn$'' i ,.,

llr-.{ i','t

Code No Partac!liars OpeningBalance Addltion l!tilizotlon Bala|rc€

O.ttstandinoCivil Worklctrical Work

341-80 f,ther

JJU

Code l{o

350-1(r

ParticuL.g As on31.O3.2019 Ao on 31.O3.2O18

350-1 1 300,5s4Employee Liabilities 374,268ffi12 lnterest Accrued andE- 1,519.107 I srq35G20 lecoverias Prvrhra350€0 2.L34.564 2.0s6-041

rctricty

4,O54,325 3,959,999

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Chlrkunda Nagar panchayat

lichedule to Balance She€t as or| Bl.O3.2Ot9(All amount are in Indlan Rupees)

As on 31.03.2018(Carrylng Cost)

code No, Partlculars Grosg AmountReelvable

Provision fioroutstanding

re\tenu€s(432-rot

Net Amount A5 on 31.03.2019llet Amount

E! rer rroPetry faxgSYears

576.s53 43.610Fffi

532,943 55,O21

43r-30 sr5,sss 43,51O 532,943 55,021

921,900 s5.I47 866,753

431-40 921,900 s5,147 t66,7S3

Morg than 3St th Tntal

162,000 162.000

431-19 162,O00 lA)

431-50sub Totalffi_ Total

LOO5,916f'660.,f53 I

-T_ 99,737 I

Chlrkunda Nagar panchayat

Sich€dul€ to Balance Sheet as or 31.03.2019(All amount arc in Indian Rupees)

As on 31.03.2019

nqq

Chirkunda Nagar panchayat

l-Apr-2o18 to 3l-Mar-2o19

Code No. Particulars

INCOME

Tax Revenue

Assioned Revenre R

'All amount in

Scfiedule No, As on31.O3.2019

As on31.03.2018

1-10

1-20I-1 5,322,000 4,654,336

1-30 Rental Income Frnm M,r-2

1-40uPEl I-3 96,000 149,000Lnarges

r-41-50 4,931,096 3,455,359

r-51-60 1,038,890 782,770

I-6L-70 20,394,537 28,445,669

I-7t-71 trdrneo

r-81-80 139,800 10g,g2g

Total - Revenue

EXPENDTTURE

Establishment Exp

Administrative Expenses

t-9 7,510A 595,476

3l,glg,g23 38,191,536

2-t0r-10

2-20 7,216,347 4,379,099

2-30r-1 1 3,967.202 L,704,205vPrr o(lut, o( lvtallnEenancg

!!!rEt & Finance Charsestrogramme Expenses

{evenrte Grrnfc ,^nn}ei}..,+;-

r-122-40 946,97t L,556,207

2-50I-13 19,005 27,695

2-60I-L4 46,700 4,3L2

2-70__ _--_ryv,,L,,vvLrvrr q Juustutgs( l. tr,Jrrovisions"nowffi

-

4iscellaneous g*o"Fr-15 6,995,515 71,320,687

2-77r-16 98.757I-L7

2-72 _ vts, Llrqlrvr I ut I Ftr(e(l ASSefs

-

B-1 1 t3,957,209B

10,213,974I uLot - Expenqlturg

33,231,647 29,2O5,169

A.B Gross Surplus/(deficit) of income overexpenditure before prior perlod items (1,411,8,24) 819g6136g

2-80lAoo :

prtor period Items (Net)

Gross Surplus/(deficit) of income overexpenditure after prior period items

Less : Transfer to Reserve funds

(83,302 (203,283)

(1,495,126) 8,793,OE6

2-90

Net Datance being surplus/deficit carried over toMunicipal fund (1,495,126) 8,793,o96

For Chirkunda Nagar panchayat

<ll iAl \1

Name & Signature of Executive OfficerDate:

Chirkunda Nagar panchayat

FCHEDULE I-1 : Tax Revenue

SCHEDULE I-2 : Revenues &

SCHEDULE I-3 : Rental Income from M

(All amount in Rupees)

Code t{o. 12O

Code No.

Propertyta" (eeu"nreFwatertax

-

-___

seweraqeTax

-

uonseruancy Tax-_.Liohtino Tav

As on31-O?

"nr o

As on31-03-?nin110-01

770-02 5,322,000 4,554,3361 1 0-031 10-041 10-051 10-06 Education TaxtLo-07 Vehicle Tax

Electricitv Tax1 10-09110-10 Professional Tai10-11 Advertisernent Tax

-

Pilqrimaoe Tatr1 10-1 21 10- 13 lJnow tax

lTax on AnimaltI Fire TaxOctroi & Toll

-

Cess

Other taxes

-

Sub - Total

-

:f uadt

110-151 10- 16110-51

110-521 1 0-80

1 10-90 5,322,OOO _41654,336

5t322rAOO 4,65,4,336

axes and Duties collected bv ottrerstion in lieu of Ta

I n__!Leu of Concessions

Rent From Civic AmenitiesRent From Office BuildiRent From Guest HouiesRent From Lease Land

Rents - Income from Sai.a"tE"lt

Less: Rent Remissions & Refrnds-

Chirkunda Nagar panchayat

SCHEDULE r.4 I Fees & User Cha

SCHEDULE I.5 fncome head- wise Code No. I

SCHEDULE i.6 Reyenue

eral Fund Code No. l7O

(All amount in Rupees)

Code No. Pafticulars

EmOanelment & Pcai"t,As on

31.03-2r)reAa on

31-03-2flr rr40-10140- 1 1 Licensino(Licens 10.000 190,843140-12

-/

Fees for Grant 965,740 887,150r40-13 Fees for Certificete Fvfr 88,247 14,594L40-14140-15

-

User Fees

Entry Fees-Service/Adminis

140-20L40-40140-50 44,OOO140-60 3,757,ro9 2,318,770r40-70140-80 ornercnarqes

--

iuD-Total

-

-

-ersr Rent RemisTotal

-

140-90 4,931,096 3.455,359

4,931,096 3,455,359

Sale of Forms and puUticationsSale of Store and ScE

Hire Charges for Vehicles

ConttihrrtinnCode No. Particulars

Revenue Gr"nt

-

Re-imbursemen

IAe on

31.03-2rrrqAs on

31-O3-2dr n160- 10

160-20 6,985,616 70,766,076160-40 Contribution fnw

Total 13,398,927 17,679,59220,38.4,5,37 28.,445,668

Interest on Investments

taken up on commercial basisProfit in Sale of Investments

Chlrkunda llagar panchayat

(All amount in Rupees)

SCHEDUTE I.8 fnterest Earned Code No- 17Partlcularslntoracf frn- q^-r

As on3t _fl? r^r o

As on3l-()3-2rr1.

Infcrxt 139,800 10g,g2g

t77-30n

nferFcf |,rn l^E

17 1-80 Ofhar I

Tofal139,goo log,929

SCHEDULE I-9 : gther Income

Insurance Claim

of Fixed Assets

Unclaimed Refund/LiabilitiesExcess Provisions written backMisce!laneous Income

Chirkunda Nagar panchayatschedules to rncome & Expenditure statement for the period from olst Aprir 2o1g to 31stMarch 2O19

SCHEDULE I lO : Estattiehmo- (All amount in Rupees)

SCHEDUIE I-11 : Administrative E

SCHEDULE I-12

-

Salaries 366 4

No. As on31.03.20r9

As on31.03.2018

1210-10

zto-20

rrJLdilrvvage, Ex

Benefits and all*5,629,047 3,049,098

210-30 Pension 1,597,300 1,329,000270-40 Jther Terminal :n;Eo+;

DCr tet l[s

7,2L6,347 4r37g,ogg

Code No. Particulars As on31.03.2019

As on3r.03.20t8

220-L0220-7t220-72220-20 17,957 27,946220-27 printing & stationery-

-rr-averrnoann#20-30 279,493 t05,772220-40 lnsurance

AucritFees

-

-LegarFees

--

Fror=essrnnar.-

57,100 52,97L220-50220-5L 20,000220-52 20,357

220-60 AdvertisemFnt rnd D, rrtri^;r, 4L,349220-67 €"ttttMembershinRF 335,606 383,732220-80 vllterslq6;6 5ffi_,,.- _.rr!rrseJ_,

Total

3,250,789 L,072,596

3196'.,2o2 rr7O4rzo.s

& Maintenen.a ra^'lCode No.

--

particurars

-

-Power & Frrel

As on31.03.2019

As on3r.03.20r8

230-Lo230-20 Bulk Prrchures

Consumption onreLnaroeqR

739,L66 802,679230-30230-4a 14,809 301,310230-50 4,000 49,650230-51 7,875 90,496230-52230-53230-5s t65,763 7t,gzt230-56

6F230-59 13,305

230-8015,198 2L9,346

l'afrl

L^|Jst l>e5

7,500

946,911 l.r5s6,2O7

Chirkunda Nagar panchayatschedules to rncome & Expendlture statem:n!lor the period from olst Aprit 2o1g to 31stMarch 2O19

SCHEDULTE I-13 : Interest and Finance(All amount in Rupees)

SCHEDULE I

SCHEDULE I-15 : Revenue Grants contribution and subsidies

SCHEDULE I-15 : provision and Write off Code No.27O

Inte.est on roans fro@Interest on roans f@Intereston loansf@AssociationsInterest on toans from tnternatioiliIntereston roansrro@Institutions

14: Code Na tEnPafticulars

Fler*inn trv^6As on

3r.03.2019As on

31.03.2018250-20 Own

250-30 Sharo i 46,700 4,3t2ItJI 5

atal46,7OO 4,3'.2

ParticularsCode No.

As on31.03.2019

As on31.03.2018

260-20 ContributionsStrhqidiae

7,266,43r tL,320,697260-30

otal71266,431 tt,32o,68.7

Provisions for Dou oEu r EceivaErE

Miscellaneous Expense written off

SCHEDULE I-17 : Misceilaneous

27L-tO

Other Miscellaneous

furgu.* qq-{ qRliE

Chlrkunda Nagar panchayatschedules to lncome & Expenditure statement for the period from orst Apr, 2o1g to 31stMarch 2Ot9

,qrftrn*}ryr{ qi+rq

SCHEDULE l-tg: prior period ltems

Other-Revenues

of revenues written offOther incomeSub - Total

Refund of Other-Reien ues

with Banks (Refer from Schedule &17)

of Revenue Own Tax Rer€nue

Sjry*.n.s *.."'.:..:.-:EiiEiilEF

For; Chrikunda Nagar lancfrayat

243,30i

l-5r,'3u"*'n ,,,TH1f

ia*ttu^t.t'i --i-iit "rl

Accounts of GHIRKUNbA NAGAR PANCHAYAT

significant Accounting policies and Notes to

I Significant Accountinq poticies

Important accounting policies to be followed by the Nagar of accounting for itstransactions and in the preparation and preseniation of ifreJharkhand Municipar Accounting v"nu"r (Jh/aM). At the poricies "J:r fiTil:ed

in the

1. Basis of Accounting

The financial statements are prepared on a going concern and under historical cost basis under accrual basisof accounting. The method of accounting is the dluble entry system.

2. Recoonition of Revenue

i. Rer,renue

a' Holding and other taxes are recognised in the period in which they become due anddemands are ascertainable.b. Revenues in respect of profession Tax on Organisations /entities are accrued in the year towhich it pertains and when demands are raisedlc. Adveftisement taxes are accrued based on Demand or the contractd' Revenue in respect of trade license Fees is accrued in the year to which it pertains and whendemands are raised.e. nment Tax, fer of immovable properties

only upon t year_end, they are accrued

f . 9s) is Passe rtained

o r wh e re d e m a n d i s not i n,." J "l:J:I"? liff "il'"",: fl:.#l"_:ffi ::: li: :ce rta i n a b I e

ii. provisions against receivablesa' Prudential norms are applied based on type of income and age of receivable. BasecJ on theprinciple on provisioning, incomes that have been accrued and are doubtful of recovery areprovided for.

3. Recognition of Expenditurea' Expenses on Salaries, bonus and other allowances are recognised as and when they are due forpaymentb' All revenue expenditures are treated as expenditures in the period in which they are incurred.c' In case of work, expenditures are accrued es soon as the work has been measured and becomesdue for payment.d' Provisions for expenses are made at the year-end for all bills received up to a cut off date.

4. Fixed Assets

i. Recognition

depreciation. The cost of fixed assets include costcting the fixed asse{, interest on borrowings directlyxed assets up to the date of commissioning of theup to that date.

b' Af l assets costing less than Rs'5,000/- would be expensed / chargedto Income &Expenditure Account in theyear of purchase.

-RqT

Accou nts of CH I RKU trtbe NAGAR PANCHAYATllqlftant lfg:.ylting poticies and Notes to

:;*1ff:iffi:l"iffl"tTff;_accuired rree or cost or in respect or which no payment has been made, is

ii. Depreciation

a. Depreciation is provided on Straight Line Method

iii. Revaluation of Fixed Assets:

Revaluation of Fixed Assets:

a' Revaluation of fixed assets is undertaken either at the time of issue of municipalbonds or whenties is made.

tion is credited to ,Revaluation Reserve Account,.

e and Expenditure account.lent amount of depreciation charged on the revalued

5. Borrowing costBorrowing cost is recognised as revenue expenditure on accrual basis except in the caseof fixed assets.

e. tnVqtorie€

Inventories are valued on Consumption Basis.

7. Grants

a.b ,;T:T;,,.K:""T3:'ff:"1:,1rff"ffi1111",."i,11."

in ,r,"rresponding revenue expenditure is chaiged to the Income andc' Grant received towards capitat expenditure is treated as a liability till such time expenditureincurred on the fixed assets. upon ixpenditure, the grr,ltiorr"rponding to the value of the assetso expended is treated as a capital receipt and transferred to capital contribution

Employee benefitsa'

:",:,T,il"#?::"il^:"jjffii#'meetins the pension and other retirement benefits inctudinsb' contribution towards Pension and other retirement benefit funds are recognised as and when it is

Investments

The cost of investment shall include cost incurredexpenses incurred for its acquisition.ost. However, in the event of any permanentce sheet, these are provided for.

r market value (if quoted) whichever is lower.

8.

9.

Accounts of CHtRKUtrtbn I AGAR PANCHAYATli_g_n_*"lnt fggornting policies and Notes to

Notes to Accounts

1. BackoroundAs part of financial reforms accrual based double entry accounting system under AMRUTguidelines and as per Jharkhand Municipal Accounting rur"nu"i-tlvnM), *re avairabre accounting

x:[Jil the FY 2018-19 was entered into customized TALLyERpg software. The financial

financial e the outcome of this process. The quality and reliability of thereriabi,ity H:ill#:..il:#"^?:r:$:,:i:r:iu;".ii" ir'" q"i,.v ""a

2. Use of EstimatesThe preparation of financial statements in

^conformity with generally accepted accountingprinciples' guidelines of JMAM-requires Nagar Panchayaito ma :e-estimates and assumption thataffect the reported balance of assets andliabilitie, *d

"lro disclosures relating to contingentliabilities as at the date of financial statements and reported such estimates relied upon includesprovisions on tax Receivables, useful lives of fixed assets etc. ofr"r"n." between the actual resultand estimates are recognized in the period in which the results "r"

Lno*nZ materialized.

3. Recoonition of Rerrenue

A' Revenue in respect of professionar Taxftrade License) and Vehicle Tax:In case of revenue from professional tax(Irade License)and vehicle tax as demand is notraised in regular course of operationg same is recognized on actual receipt basis.

B. Revenue in respect of Rent from properties:In case of revenue in respect of Reni from Properties as demand is raised on yearly basisin course of operations, same is recognized on yearly U".ir.

C. Revenue in respect of other taxes:since the details and bifurcation of other taxes are not available with panchayat, therevenue in respect of same is recognized on actual receipt basis.

Recognition of ExoenditureExpenditure has been recognised as per the accruar basis of accounting.

A, Depreciation on Fixed Assets:e Rate and MannerDepreciation shall be charged on the fixed assets as per the straight-Line Method(sLM) at the rates prescribed in Annexure -5 in the JMAM. The Depreciation shall beapplied to the Group of assets in a crass and not to individuar assets.

In case of Fixed Assets created out of grant fund or transferred from wp torespective Fixed Assets, depreciation is cariurated on the concept of ,.pur ro usE,

Accounting Treatment & Disclosure thereofDepreciation provided during the year on fixed assets are credited to accumurateddepreciation account the barince whereot is carried over to next year.

Fully depreciated assets

n

Accounts of CHlRKUtrtbn ruAGAR PANCHAYAT:iql,ficlnt l:g*1rins poticies and Notes to

Assets which have been fully depreciated but stiil in active use by the NagarPanchayat are disclosed in financial statements at gross vatue along withaccumulated depreciation thereon. such assets "r" *riu"'n on -r *nl,i't r,.,.''u,,u

;:t"".t^:;111 as an item of scrap due to its retiremenr from active use uy trre Nagar

B. Provision against Receivables:since the Municipal council does not have detailed bifurcation which is required,Ageinghas been done based on receivables details available in Financial statements of previousyears i'e' from FY 2o72-r3 to 2o17'18. Rate of provision has been taken from JMAM.

5. Treatment of GrantsA. Opening Balances of Grants:

opening Balance of Grant is taken on basis of grant shown as unutilised in previous yeargrant utilisation register.

B. Additions/deductions during the year:Grant received from. go\Ltnt"ni agencies are credited directly to respective Grant fundliability account and expenditure in-curred there from is debited to respective individualAssets /capital work in progress/specific_revenue expenaiture accounts as the case maybe' on the other side, fu rds equal to capital expendiiure incurred during the year againstgrants are transferred to capital contribution from grant liabili!. whereas funds equal torevenue expenditure incurred against grants are transferred to revenue grants in incomeside of Income & Expenditure A/c.In several cases where any revenue expense incurred by Nagar panchayat in regularcourse of activity is met by grant fund the expenditure is directly charged to concernedexpenditure account instead of First charging it to expenditurecontrot account and thentransferring it to revenue.

J2o1o - central Governffi 3,45,02,g23 463,79,947 5,A3,94,492 3,S5,17,55954,411 10,73,866 | 1,28,27736,810 1,92,47,354 3,09,75,030 1,17,U,48632UAI0NULW

28,47.546 s7,58,285 2EiETie3,44,11,702 2,42,84,947 1,25,87,301 2,27,14,0568,11,25,857 430,04,408 j,57,45,206 7,39,66,655

38,456 38,456

3,70,2833202010Nagnw51,32,387

J, tv,zaJY,d't,c /4 31,50,813

53,37,31732O2O-7a Rat^'o. ,ou,J0,ovu 1,65,44,719 68,46,346

dutogv Itaru lF) 17,59,998 17,59,998eLv.w_ tr n.tnupump Kepa,nng Grant 6,463

8,4631,18,10,860 't,76,10,E60

t,26,226 7,7't,000 1,06,36,278 1,01,91,5U1,50,47,870 82,32,423 68,15,4471,25,16,500 60,12,532 65,03.068

Accou nts of CH I RKU trtbn NAGAR PANCHAYAT:,_grficant lggornting poticies and Notes to

6. Other Disclosures

2. The Nagar panchayat is yet to undertake a frespect to outstandingmunicipal enactments, ioutstanding deposits to

3' The Nagar Panchayat does not maintain unpaid/pending bills register as the bills get in process assoon as it is received and paid at the earliest

4' Provisions' contingent Liabiliti ing a substantiar degree of estimationin measurement are recognized ion as a result of past events and it isprobable that there will be an ou s.

5' Debit / credit balance in Loans & Advances, Balances of sundry creditors & debtors are subject toconfirmation / reconciriation and Consequent modifications, if any.

32o2o-31 pUaV 6tAe) 52,15552,155

7d874j-r\rtLao# 70,874_ _ _ __raFv,.,vqrealqrlrYl

10,15810,158

jTeddnen | _truLtY, (u) 34,96,621

39,49.695 24,77,610YLv_v_,r l^qPud) , r.Tclor JaQum# 200

t.,Fvs| re, t|'Put rrP r\epanng 3,24,759

1,25,2143 2O2O- 5 t,l at a p urti a S atsaA4 dj_- 4,86,873 6,45,760 11,32,633

--6n630,0001,49,70,769

1,49,70,769e.v.v-n trdgnt( Juwona (:i)ffi 54,00,019 54,15,094 58,75,1 08 58,60,033

39,574 10,08,1 18 15,00,000 s,31,456-n,58'

1?il rv,uteres( (5) 20,587

2,71,913 2,71,913

71,428 71,428Y.rrel euYqttrfilEfif

Agencies 1,03,08,949 99,93,922 3,15,127ILvJV, , ,YULTW g,ant fi EQB A/cW E,94,061 E,94,001

79,E3,126 79,83,126

3,15,127e-vev- to .>E tw runo tn Eank Amounts 14,31,762 I I , 1O,O35

Accounts of CHtRKUtrtbn runGAR PANCHAYAT

significant Agcounting pof icies and Notes to

6. These being the ground realities, there might be possibicover assets/ liabilities existing at balance sheet date,authority of the.Nagar panchayat. Any error or omission if notan adjustment through an ,Opening

balance sheet adj;simen

::;:e[Ta"",x not showing true and fair view or ,t"t"- ot affairs of the Nagar panchayat as on

7' Previous year figures were regrouped or rearranged were wer required.

8' only utilised value of Revenue Grant has been transferred to Income side of Income and5:::l:;H:

A/c' balance amount unutilised durins .rr.1""|. has been shown in tiabitity of Nasar

3"iJn:::?:i'fr:ffll::::lilljjfl".'Jj:"1"':rrect neure as per record reason beins securitv

10' collection of water Fees under ledger code 14050-12 includes sale of form for new connection of

12' opening balance of Rs' 2,43,301/-is reflecting as cash-in-Hand and the same has been depositedin next Fv 2019-20 in S.B.l 6469 account.

13' Transfer entry of Rs. 10,59,176 has been passed between plan and Non-plan fund of rreasuryAccount in order to match the crosing figure as per onicial recoras.

14' Unclaimed liability of Rs. 7.500 and Rs- 10 related to ledger code 35010-03-129 New and 35010-A2-002 Kaushlendra Kr. Sinha has been written back.

15' Contractor named Horizon having outstanding balance of Rs. 1,4g,ggg from Fy 20L5-L6.

7. Interest Income

r Interest income is accounted for on cash/Receipt basis as data regarding interest accrued butnot received is not available.

o The interest amount accrued from Grant Fund has been shown as Grant income.

E. Depreciation Recoupnlent

Recoupment for the year have been done on the basis of the assets created from grant funds hencenot full depreciation has been recouped during the Financial year.

9. Grant

ULB maintains Grant Register for the entire Grant Funds therefore the entire grant has been verifiedand has been adjusted based on the expense,s detairs obtained from ULB.

10.

All the bank accounts have been duly reconciled w.r.t. to bank balances including some of the bankaccount which have been converted into Auto_Sweep Ac.

ffiqi67c-tu*qw ",,i*'orii

significant Accounting poficies and Notes to

11. Capital Work in prqoress

work completion certificate for the completed work are duty filed in the respeqtirre file and the dataforCWP is duty bifurcated.

12. Loans,&Adyances

Advances amounting to Rs' 75,000/- have been made to Jai Maat Di Enterprisestilf been pendingfrom prwious years.

13- Outstartdino Uabfl ifies

Outstanding liabilities for the amount of Rs4e54,3 2il/_hasbeen pendirg as on 31/03/2019.

14. Priqr Period ltems

FOn CHIRKUNDA NAGAR PANCHAYAT