The Finance Department is responsible for financial planning, budgeting, accounting, revenue management, expenditure control, and financial compliance to ensure sound fiscal governance and sustainable municipal services.
- Budgeting & Financial Planning
- Preparation of annual municipal budget (revenue & capital)
- Forecasting income, expenditure, and financial requirements
- Allocation of funds to various departments and schemes
- Monitoring budget utilization and re-appropriation of funds
- Accounting & Financial Records
- Maintenance of municipal accounts as per prescribed accounting standards
- Recording of receipts, payments, assets, and liabilities
- Preparation of monthly, quarterly, and annual financial statements
- Maintenance of ledgers, cash books, and financial registers
- Revenue Management & Mobilization
- Assessment, billing, and collection of municipal revenues, including:
- Property tax
- Water charges
- Sewerage charges
- User fees, licenses, and rents
- Monitoring arrears and improving revenue collection efficiency
- Implementation of reforms for revenue enhancement
- Expenditure Control & Financial Scrutiny
- Scrutiny and passing of bills and payments
- Ensuring expenditure is within budget provisions and financial rules
- Control over advances, deposits, and recoveries
- Ensuring value for money and financial discipline
- Grants, Loans & External Funding
- Accounting and utilization of State and Central Government grants
- Management of scheme-wise funds and tied grants
- Coordination with funding agencies and financial institutions
- Compliance with conditions attached to grants and loans
- Audit & Financial Compliance
- Preparation of accounts for internal and statutory audit
- Compliance with audit observations and inspection reports
- Coordination with:
- Local Fund Audit
- Accountant General
- Implementation of audit recommendations
- Procurement & Financial Advisory
- Financial vetting of tenders, contracts, and procurement proposals
- Advising departments on financial rules and procedures
- Ensuring transparency and compliance in financial transactions
- Payroll, Pension & Employee Payments
- Processing of salaries, allowances, pensions, and gratuity
- Statutory deductions (PF, GIS, income tax, etc.)
- Timely disbursement of employee-related payments
- Maintenance of payroll and pension records
- Asset & Liability Management
- Accounting and monitoring of municipal assets and properties
- Management of liabilities, outstanding dues, and obligations
- Monitoring loans, advances, and debt servicing
- Financial Reporting & Decision Support
- Preparation of financial reports for:
- Municipal Commissioner
- Mayor-in-Council
- Standing Committee
- Providing financial inputs for policy decisions and planning
- Supporting long-term financial sustainability of the Corporation
