AUDIT REPORT
According to the Audit Report for the financial year 2024–2025 of Kumarapuram Grama Panchayat, the Panchayat recorded a moderate level of financial performance. However, the audit identified several deficiencies in the accounting system and administrative controls. The total revenue for the year was approximately ₹3.87 crore, while total expenditure amounted to ₹3.78 crore, resulting in a closing balance of ₹1.82 crore. The audit also observed significant differences between the budget estimates and the actual revenue collected. Revenue losses were attributed to deficiencies in tax collection, improper assessment of property tax, and incomplete collection of professional tax. The report further highlighted delays in project implementation, execution of certain works without proper documentation, failure to regularize unauthorized constructions, and the disbursement of welfare benefits to ineligible beneficiaries. In addition, the audit pointed out weaknesses in the internal control system, non-updating of the asset register, and unsatisfactory maintenance of official records. Nevertheless, the recovery of taxes amounting to ₹43,908 during the audit process was considered a positive outcome. Overall, the report emphasizes the need to strengthen financial management, ensure transparency through proper documentation, improve tax collection, and enhance the efficiency of project implementation.