Audit Report 2024-25

Mariyapuram Grama Panchayat – Audit Report 2024–25

According to the Audit Report of Mariyapuram Grama Panchayat for the financial year 2024–25, the Kerala State Audit Department examined the Annual Financial Statements of the Panchayat and issued a Qualified Opinion. This means that, although certain deficiencies exist, the financial statements are generally considered to present a true and fair view of the financial position of the Panchayat.

Key Findings

  • The Asset Register has not been updated and properly maintained, which has been recorded as a major audit observation.
  • Notes to Accounts have not been included in the Annual Financial Statements, resulting in inadequate disclosure of certain important information.
  • Demand entries relating to tax and non-tax revenues have not been recorded accurately and within the prescribed time.
  • The increase/decrease shown in the Cash Flow Statement does not reconcile with the opening and closing balances.
  • Irregularities have been identified in the assessment and accounting of arrears of revenue.
  • Old/stale deposits have not been credited to the Panchayat’s own fund.
  • Certain government dues remain outstanding as liabilities.
  • No worksheet was available for verifying the depreciation calculations.
  • Misclassification of certain payment vouchers was identified.
  • There are discrepancies between the DCB Registers and the Annual Financial Statements.
  • Monthly reconciliation of various bank accounts has not been completed.
  • Tender fee receipts have not been recorded accurately.

Specific Audit Observation Regarding Expenditure

  • Due to irregularities identified in the expenditure calculations relating to certain works, an amount of ₹44,363/- has been recorded as disallowed expenditure.

Summary

According to the report, the Panchayat’s financial control and management systems require improvement. Particular attention needs to be given to the accuracy of accounting records, maintenance of registers, bank reconciliation, updating of asset records, and completeness of financial disclosures.

Addressing these deficiencies will help ensure a more transparent, accurate and efficient financial management system in the coming years.

  • Audit Report 2024-25