Finance Department of Panskura Municipality
The Finance Department of Panskura Municipality is integral to the town's financial management, ensuring accountability, and efficient utilization of resources.
Key Functions of the Finance Department
- Budget Preparation and Management: The department is responsible for preparing the annual municipal budget, including revised estimates and supplementary budgets, in alignment with the West Bengal Municipal Act.
- · Revenue Collection and Management: It oversees the collection of municipal taxes and non-tax revenues, ensuring timely and efficient revenue generation to fund municipal services.
- · Financial Accounting and Reporting: The department maintains accurate financial records, prepares balance sheets, and submits annual financial statements as required by statutory regulations. Preparation and maintenance of financial year wise annual financial statements like ledgers, receipt and payments, trail balance, Balance Sheets etc
- · Expenditure Control and Payment Processing: It manages municipal expenditures, processes payments, and ensures that all financial transactions are authorized and documented properly.
- · Audit and Compliance: The department coordinates with auditors to facilitate annual audits, addresses audit observations, and ensures compliance with financial regulations.
- · Grant Management: It handles the receipt and utilization of government grants, ensuring that funds are used appropriately for designated purposes.
- Maintaining different Bank / Treasury accounts, Government grants received by the municipality, municipal revenues and expenditures related accounts on daily basis.
