Panchayat:Repo18/Law Manual Page0928

Rule-64
KERALA PANCHAYAT RAJ (ACCOUNTS) RULES, 2011

            (2) The responsibility to maintain or cause to maintain the accounts and the connected books of the Panchayat in the manner and form as prescribed and to submit or cause to submit such accounts to the Local Fund Audit for conducting audit in time shall vest with the Secretary.

          64. Audit Certificate. (1) Subject to provision of the Kerala Panchayat Raj Act, 1994 and these rules, the auditor shall perform the audit as per the provisions of the relevant Act, Rules and other guidelines.

            (2) The audit of Annual Financial Statement shall be completed and the Audit Certificate issued before 31st October of the subsequent year.

            (3) The Audit Certificate shall be issued to the Panchayat with copies to the Government.

          65. Annual Report. (1) The Annual Report of the Panchayat as prescribed under Section 215(15) of the Kerala Panchayat Raj Act 1994 shall consist of the following.

                  (a) Annual Financial Statements.

                        (i) Balance Sheet;

                       (ii) Income and Expenditure Statement;

                       (iii) Statement of Cash Flows;

                        (iv) Receipts and Payments Statements;

                        (v) Notes to accounts including Significant Accounting Policies;

                  (b) Budget Variance Analysis;

                  (c) Audit Certificate on Annual Financial Statements;

                  (d) Action Taken Report on the Audit Certificate containing explanations for the qualifications and comments in the Audit Certificate, and

                  (e) Key Ratios.

            (2) The Secretary shall, not later than 10th November of the succeeding year

                  (a) Publish the Annual Report;

                  (b) Publish a notice, advising of the publication of the Annual Report and that copies of the report are available at the office of the Panchayat;

                  (c) Cause a copy of the Annual Report to be forwarded to the Deputy Director of Panchayats in the case of Village Panchayats, to the Assistant Development Commissioner (General) in the case of Block Panchayats and to the Director of Panchayats in the case of District Panchayats.

          66. Consolidation of Annual Reports of Village Panchayats. On receipt of the Annual Reports from the Secretaries of the Village Panchayats, the Deputy Director of Panchayats shall prepare a Consolidated Annual Report of the Village Panchayats of the District and submit to the Director of Panchayats by 15th November. On receipt of the Annual Reports from the Deputy Directors of Panchayats the Director of Panchayats shall prepare a Consolidated Annual Report of the Village Panchayats of the State and submit to the Additional Secretary (FM), Local Self Government Department, by 25th November.

          67. Consolidation of Annual Reports of Block Panchayats. On receipt of the Annual Reports from the Secretaries of the Block Panchayats, the Assistant Development Commissioners (General) shall prepare a Consolidated Annual Report of the Block Panchayats of the District and submit to the Commissioner for Rural Development by 15th November. On receipt of the Annual Reports from the Assistant Development Commissioners (General) the Commissioner for Rural Development shall prepare a Consolidated Annual Report of the Block Panchayats of the State and submit to the Additional Secretary (FM), Local Self Government Department, by 25th November.