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Financial Management

GVMC budget proposals approved

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The Hindu          29.01.2018  

GVMC budget proposals approved

Engineering works get lion’s share

Collector and Special Officer of GVMC Pravin Kumar on Saturday approved the budget proposals of the municipal corporation for the financial year 2018-29. Municipal Commissioner M. Hari Narayanan was also present. Additional Commissioner (Finance) S.S. Varma made a presentation on the budget proposals.

Additional commissioners G.V.V.S. Murthy and Sakala Reddy participated.

The budget estimates a revenue of Rs. .3119.68 crore and puts expenditure at Rs. 3292.96 crore. With an opening balance of Rs. .252.63 crore, the closing balance is projected at Rs. .79.35 crore.

Engineering works get the top allocation of Rs. .955.26 crore, followed by public health (Rs. .377.11 crore) while Urban Community Development projects get Rs. .157.56 crore, lighting Rs. .120.23 crore and education Rs. .31.92 crore.

Urban mission

Externally-aided projects account for Rs. 435 crore and Atal Mission for Rejuvenation and Urban Transformation for Rs. 228.34 crore.

The Collector later visited the Command and Control Centre being developed at GVMC.


Rs 304.25 crore budget for RMC, focus on Amrut

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The New Indian Express           08.04.2017  

Rs 304.25 crore budget for RMC, focus on Amrut

Budget session of Rajamahendravaram Municipal Corporation on Friday | Express

RAJAHMAHENDRAVARAM : The Rajahmahendravaram Municipal Corporation (RMC) here on Friday presented `304.25 crore worth budget for the 2017-18 financial year.

However, the Opposition party found fault with the Mayor for manipulating the figures. On the occasion, City Rural MLA Gorantla Butchaiah Chowdary appealed to the council members to focus on development activities by keeping politics aside, as power is not permanent.

Mayor Pantham Rajani Sesha Sai claimed that the city was moving with rapid development works on a war footing. Because of Godavari Pushkarams and the Centre’s AMRUT scheme, the RMC was sanctioned sufficient funds. The AMRUT scheme will be mainly focusing on drinking water facility and beautification.

Municipal Commissioner V Vijayarama Raju explained that the budget estimates this year is `30 crore less than that of previous year only since there were separate schemes like Building Regulation Scheme last year.

The civic body collected property tax of `35 crore this year. The RMC is estimating grants worth `119.65 crore for 2017-18 though Urban Health Centre grants, MPLADS, Special Development Fund, maintenance special grants for internal roads and drains works, SC,ST Sub-Plan, AMRUT grants, etc.

However, the Opposition members alleged that the figures shown in the budget estimates were incorrect and demanded the Mayor to explain on what basis and how the budget figures were estimated.

Addressing the Council, Rural MLA Gorantla Butchaiah Chowdary stated that property tax collections were satisfactory and felt the need to focus on advertisement and entertainment taxes for improving revenue. He requested the council members cutting across the party lines to focus on development and expressed doubt over him contesting in the next general elections.


Masula civic body approves budget

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The Hindu       31.03.2017 

Masula civic body approves budget

YSRC councillors pick holes in proposals

The Machilipatnam Municipal Council on Thursday approved the draft budget with an outlay of Rs. 168 crore for the financial year 2017-18.

The budget estimates were proposed by Chairman M. Baba Prasad, while the YSRC councillors picked holes in the preparation of the proposals, highlighting repetition of allocation for street lighting system and drinking water supply.

The council approved the budget proposals amid heated arguments between the councillors of the YSRC and the ruling party.

It was proposed in the budget to allocate Rs. 140 crore for development work including creation of additional road infrastructure and maintenance of drainage system.

An estimated Rs. 48 crore will be spent on drinking water supply and modernisation of the drainage system.

While Rs. 39 crore was allocated for the Machilipatnam municipality under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Rs. 6.28 crore will be spent on the development of parks, construction of the municipality building and interconnection of drinking water pipelines.

A total of Rs. 1.8 crore will be spent on the development of slum dwellings and Rs. 1.3 crore on education.

According to the budget estimates, the municipality will earn Rs. 4.43 crore from all kinds of taxes including the property tax.

Municipal Commissioner M. Jaswantha Rao and other officials were present.

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