Poonjar
Thekkekara Grama Panchayat

Finance Standing Committee

The Finance Standing Committee is one of the important Standing Committees constituted in Grama Panchayats under the Kerala Panchayat Raj Act. The Committee plays a crucial role in matters relating to the Panchayat's finances, budget, revenue and expenditure, and taxation.

Major Responsibilities

• Lead the preparation of the Panchayat's annual budget.
• Examine and evaluate the Panchayat's income and expenditure.
• Make recommendations regarding taxes, fees, and other sources of revenue.
• Identify and facilitate financial resources required for development projects and other activities.
• Examine audit reports and financial inspection reports.
• Ensure financial discipline and transparency in the functioning of the Panchayat.
• Supervise the preparation of annual financial statements.

Committee Structure

• The Panchayat President serves as the Chairperson of the Finance Standing Committee.
• Other members are elected from among the Panchayat governing body as prescribed by law.

Importance

The Finance Standing Committee functions as the financial backbone of the Grama Panchayat. It ensures effective financial planning and control, enabling the Panchayat to implement development programmes efficiently and provide better public services to the community.