The Grama Sabha of Meppayur Grama Panchayat relating to the 2025–26 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) Social Audit and Operation Toofan 2.0 will be held from October 7 to 12, 2026.
FINANCE STANDING COMMITTEE

FINANCE STANDING COMMITTEE

 

Key Responsibilities of the Finance Standing Committee

The Finance Standing Committee oversees the financial affairs, income and expenditure, accounts, and audit of the Local Self-Government Institution.
01. Budget Preparation and Approval

Budget Preparation

Play a key role in preparing the annual budget, examine budget documents, and recommend necessary amendments.

Budget Review

Examine proposals relating to budgeted revenue and expenditure, and assess the overall financial position of the institution.

02. Revenue, Taxes and Funds

Revenue Enhancement

Take necessary measures to increase the institution's revenue through taxes, fees, licences, and other sources.

Tax Assessment

Examine matters relating to taxes, including property tax, and initiate necessary measures for reassessment wherever required.

Monitoring of Grants

Monitor grants received from the Government and other agencies, and oversee their proper utilisation.

03. Accounting and Audit

Examination of Accounts

Examine accounts and supervise financial records to ensure their accuracy and reliability.

Review of Receipts and Expenditure

Examine revenue collection, closing balances, and the previous month's summary of receipts and expenditure, and submit reports as required.

Financial Records

Examine the Annual Financial Statement and audit reports, and recommend their presentation before the appropriate meeting of the institution.

04. General Financial Matters
  • Take measures to improve the overall financial position of the Local Self-Government Institution.
  • Consider proposals and matters that may affect the financial status of the institution.
  • Promote efficiency and accountability in financial management.
In Summary
The Finance Standing Committee plays a vital role in safeguarding the institution's finances and ensuring financial responsibility, transparency, and accountability.

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