Annual Financial Statement (AFS)
The Annual Financial Statement of a Grama Panchayat is an official document that provides detailed information on the income and expenditure of the Grama Panchayat during a financial year, including the funds utilized for development activities. It records the revenue received through sources such as taxes, government grants, and plan funds, as well as the expenditure incurred in areas such as roads, drinking water, sanitation, and welfare schemes.
The Annual Financial Statement is considered an important document for ensuring financial transparency of the Panchayat and enabling the public to access information regarding its financial transactions and activities.