Finance standing Committe
💰 Finance Standing Committee
Thumpamon Grama Panchayat
| Sl. No. | Ward | Member | Designation |
|---|---|---|---|
| 1 | Mampilali (5) | Sheela Varghese | Vice President |
| 2 | Mampilali North (4) | Joji Thomas | Finance Standing Committee Member |
| 3 | Naduvilemuri West (12) | Ajitha Roy | Finance Standing Committee Member |
| 4 | Muttam (13) | Jeys Thomas | Finance Standing Committee Member |
💰 Major Responsibilities of the Finance Standing Committee
As per the Kerala Panchayat Raj Act, the Finance Standing Committee is the principal committee responsible for supervising, managing, and monitoring the financial affairs of the Grama Panchayat.
📊 Budget and Financial Management
- Assist in the preparation of the Panchayat Budget.
- Examine the Annual Budget and Revised Budget and submit recommendations.
- Suggest measures for increasing the Panchayat's revenue.
- Ensure efficient collection of taxes, fees, cess, and other revenues.
- Review the Panchayat's income and expenditure accounts.
- Monitor financial transactions and expenditure.
📑 Audit and Financial Oversight
- Review audit reports and audit observations and recommend follow-up actions.
- Ensure that Panchayat funds are utilized legally, transparently, and efficiently.
- Examine matters relating to the financial management of Panchayat assets and properties.
- Recommend measures for financial discipline and expenditure control.
- Suggest ways to mobilize financial resources for development projects.
- Perform other financial responsibilities assigned by the Panchayat Committee.
ℹ️ Importance of the Finance Standing Committee
The Finance Standing Committee plays a vital role in ensuring the financial discipline, accountability, and transparency of the Grama Panchayat. Through budget preparation, revenue enhancement, lawful utilization of funds, audit review, expenditure control, and resource mobilization for development projects, the committee helps strengthen the Panchayat's financial stability and improve the effectiveness of its development initiatives.