Finance Standing Committee

The Finance Standing Committee is a crucial body in Kerala's Panchayat Raj system, holding primary responsibility for planning and managing the financial affairs of the Panchayat.

Key information regarding the committee:

1. Structure

Chairperson: The Vice President of the Panchayat serves as the ex-officio Chairperson of the Finance Standing Committee.
Members: Other members are elected from among the Panchayat ward members (excluding the Panchayat President and Chairpersons of other standing committees).

2. Key Functions

Budget Preparation: Formulates and submits the annual budget—outlining expected revenue and expenditure—to the governing body for approval.
Financial Control: Monitors the Panchayat's financial status and ensures accurate tracking of income and expenditure.
Tax Assessment: Reviews tax collection matters—including property tax, profession tax, and license fees—and proposes tax revisions.
Audit and Account Review: Examines monthly and annual accounts and takes necessary follow-up actions on audit reports.
Project Coordination: Evaluates project proposals submitted by other standing committees (Development, Welfare, and Health & Education) from a financial standpoint to finalize the annual plan.

3. Significance Since all local development activities require financial sanction, this is one of the most influential committees within the Panchayat governance framework. It bears a key responsibility in ensuring that Panchayat funds are utilized transparently and efficiently.

Vellavoor Grama Panchayat Finance Standing Committee Information

Chairman

Member

Official