Kolkata Metropolitan Development Authority

KMDA finances

The activities of KMDA Headquarter Finance are primarily confined to Financial Management of KMDA including receipt and release of funds to the different Sectors of KMDA /Implementing Agencies for implementation of different plans/projects and programmes. Besides Management of Fund, other financial activities include (i) compilation and finalization of Annual Budget, (ii) compilation and finalization of Annual Accounts, (iii) preparation of replies to the Draft Audit paras and paras of the reports of C & AG of India, (iv) finalization and payment of pensionary benefits (v) maintenance of accounts, sanction as well as payment of advances/withdrawals including final payments relating to Employees General/Contributory Provident Funds, (vi) examination of proposals for consideration of different high-level Committees viz. WTC, Pricing Committee etc. (vii) matters relating to computerization of accounts.

Headquarters Finance performed the following activities during 2010-11:

I. Fund Management
A. Receipt of Fund
1. Non-Plan (Revenue) Heads Under Non-plan Heads, KMDA receives fund from State Government in two broad heads namely i) Fixed Grant and ii) Operation and KMDA under different development Programmes including GAP, CSIP, CUDP etc. During 2010-11, KMDA received a sum of Rs.184.41 crore (Rs.150.28 crore as Fixed Grant and Rs.34.13 crore for O&M from the State Government. Annual Report 2010-11 | 64-65 Maintenance of assets created in

Kolkata Metropolitan Development Authority

2. Plan (Development) Heads Under Development Heads KMDA received fund from Government of West Bengal as well as Government of India during 2010-11 as noted below: (i) Government of West Bengal (ii) Government of India (iii) Statutory/Other Bodies for Deposit Works (iv) JNNURM (a) Government of India (i) UIGS (ii) BSUP (b) Government of West Bengal (i) UIGS (ii) BSUP 221.43 112.65 944.69 239.70 153.72 Rs. crore 45.79 138.67 26.92

3. Internal Resources/Other Receipts In addition to the above, a sum of Rs.82.84 crore was also received from different sources some of them are: - From Housing schemes as well as sale

of bulk land (Rs.40.14 crore) - Collection of tolls from B K Expressway (Rs.2.25 crore) - Receipts from Advertisement Rights (Rs.1.27 crore)

- Receipt from Parks (Rs.0.59 crore) - Interest on Investments (Rs.23.39 crore) - Development charge (Rs.11.68 crore) - Other Receipts (Rs.3.52 crore)

Thus total fund received during 2010-11 was as below: Non-plan (Revenue) Heads Plan (Development) Heads Internal Resources/Other Receipts Rs.184.41 crore Rs. 944.69 crore Rs. 82.84 crore Rs. 1211.94 crore

B. Release of Fund
1. Non-Plan Head Release of fund made during 2010-11 was as follows: (i) Fixed Grant: Fund received under fixed grant was released towards (a) Salary & Establishment charges for KMDA & KMW&SA and (b) the Debt Servicing charges of KMDA. Against the said Fixed Grants of Rs.150.28 crore, Rs.197.87 crore was

released towards salary, pension & establishment expenses and Rs.5.40 crore towards debt servicing charges leaving a deficit of Rs.52.99 crore against Fixed Grant. (ii) Grant under Operation & Maintenance Heads: During 2010-11, an amount Rs.34.13 crore was received as Operation & Maintenance expenses of different civic assets created in KMA. Against it, Rs.54.75 crore was released for the

purpose. This resulted in a deficit of Rs.20.62 crore which was met from available fund including the fund generated from internal resources. 2. Under Plan Heads During the year 2010-11, KMDA released grants under plan heads for a total sum of Rs.991.17 crore as under:[a] Release of Grants for development projects, other than JN-NURM projects, including the deposit works: Rs.222.09 crore; and

[b] Release of Grants for JN-NURM Projects a) UIG Projects GoIs share b) UIG Projects GoWBs share c) BSUP Projects GoIs share d) UIG Projects KMDAs share e) BSUP Projects GoWBs share f) BSUP Projects KMDAs share

(Rs. crore) 170.37 232.82 176.54 74.42 92.54 22.39 769.08

In addition to above, KMDA provided temporary advances out of own fund to the implementing agencies to circumvent the delays in receipt of shares of the Central and the State Governments committed for JN-NURM projects. This has been done to facilitate progress works for the respective projects. The amounts advanced by KMDA but not replenished until 31.03.2011 owing to non-receipt of Central/State shares stood at Rs.105.49 crore.

crore was redeemed during 2010-11. Besides, timely payment of half-yearly interest on existing Non-SLR loan bonds, repayment of principal and interest on loans from Banks were timely monitored.

Annual Account of KMDA for the year 2010-11 is being compiled and expected to be completed by July, 2011.

III. Matters relating to Pension /Family Pension

Pension Cell of Hqr. Finance processes Admissibility Reports on pensionary benefits. It maintains the Pension Fund and its accounts. Payment of all pensionary benefits including payment of monthly pension is transacted by Pension Cell. Number of Pensioners stood at 2047 as of March, 2011. Annual Report 2010-11 | 66-67 the pension cases and issues

II. Compilation and Finalization of Annual Accounts

Compilation and finalization of Annual Accounts of KMDA for the financial year 2009-10 have been completed long back and adopted in the 164th Authority Meeting held on 12.10.2010.

C. Others
During 2010-11, no market borrowing was made and Loan Bond for Rs.28.51

Payments made during 2010-11 were as follows: i) Monthly Pension/Family Pension Rs. 27.20 crore Rs. 13.60 crore Rs. 15.16 crore Rs. 55.96 crore

ii) Gratuity iii) Commuted value of Pension

IV. Matters relating to Provident Fund in KMDA

The KMDA has two Provident Fund schemes viz. General Provident Fund (GPF) and Contributory Provident Fund (CPF). Both the Provident Fund schemes are under separate Board of Trustees. Accounts of the Provident Funds for the year 2007-08 have been completed. The number of members of GPF & CPF was 2181 and 14 respectively as on 31.03.2011.

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V. Audit & Accounts

Disposal of Audit Paras & Inspection Report is a continuous process in KMDA. Pending Audit Paras & Inspection Reports are regularly replied to and sent to the RAO, KMDA for settlement. Further, new Audit Paras & Inspection Reports take place on the Accounts of KMDA. However, the present position of Audit Paras & Inspection Reports would be evident from the data/information given below. Position as on 12/03/2009 05/04/2010 07/06/2010 24/06/2010 14/12/2010 17/02/2011 Nos. of Pending Audit Para 306 298 240 283 223 238 Nos. of Pending I.R. 149 146 124 137 109 113

However, constant efforts are being made to dispose off the pending Audit Paras and Inspection Reports forthwith so as to keep the position up-to-date.

Position of outstanding Inspection Reports and Audit Paras by Sectors/Units of KMDA, as on 31.03.2011:
Sl No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Name of Sector / Unit AD BSUP E&M GAP MATERIALS MDP M&M RE SD & SWM T&T WS UHIP TOTAL Balance of O/S I.R 10 2 28 5 0 15 2 7 8 21 12 3 113 Balance of O/S Para 18 5 58 7 0 30 12 20 18 46 21 3 238

Present Status Regarding Submission of Annual Accounts of KMDA & Audit Reports
Sl. No. 1 Year 2008-09 Present Status of Annual Accounts of KMDA Annual Accounts of KMDA for the year 2008-09 have been completed and adopted in the 162nd Authority Meeting held on 31.03.2010. 2 2009-10 Annual Accounts of KMDA for the year 2009-10 have been completed and adopted in the 164th Authority Meeting held on 12.10.2010. 3 2010-11 Annual Accounts of KMDA for the year 2010-11 are being compiled at present and expected to be completed by July 2011. Annual Report 2010-11 | 68-69 Nil Audit on the Annual Accounts of KMDA for 2009-10 has already been taken up by the RAO, KMDA Present Status of Audit Report of KMDA Audit on the Annual Accounts of KMDA for 2008-09 has been completed and Audit Report received Audit Certificates, Certified Accounts and Audit Report on the Annual Accounts of KMDA for the year 2008-09 have been sent to UD Department on 07.02.2011 for laying before the State Legislature. On receipt of the Audit Report from the Accountant General (R, W & LBA), West Bengal, the same will be sent to the UD Department for laying before the State Legislature. Nil Remarks