Thamarassery
Grama Panchayat

Duties of Panchayat Finance Standing Committee

The Finance Standing Committee is responsible for overseeing and managing the financial affairs of the Panchayat. Its major responsibilities include:

• Assisting in the preparation of the Panchayat budget.
• Examining and making recommendations on the annual budget and revised budget estimates.
• Suggesting measures for increasing the Panchayat's revenue.
• Ensuring efficient assessment and collection of taxes, fees, cess, and other revenues.
• Reviewing the Panchayat's income and expenditure accounts.
• Supervising and monitoring financial transactions and financial management.
• Examining audit reports and audit objections and recommending appropriate follow-up actions.
• Ensuring that Panchayat funds are utilized legally, efficiently, and for the intended purposes.
• Reviewing matters relating to the financial management of Panchayat assets and properties.
• Recommending measures for financial control, economy, and reduction of unnecessary expenditure.
• Suggesting ways to mobilize financial resources for development projects and schemes.
• Performing any other financial functions entrusted by the Panchayat Committee.