ANNUAL FINANCIAL STATEMENT
Annual Financial Statement 2024–2025
In the context of a Grama Panchayat, AFS refers to the Annual Financial Statement. It is a mandatory annual financial report that presents the Panchayat’s overall financial position, including its receipts, payments, income, and expenditure.
The key details regarding the AFS for Grama Panchayats in Kerala are as follows:
Submission Requirement
All Grama Panchayats are required to prepare their Annual Financial Statement (AFS) and submit it to the Kerala State Audit Department (KSAD) for auditing.
Online E-Submission
To ensure transparency and facilitate efficient auditing, the government has made the online e-submission of the AFS through the Audit Information Management System (AIMS) mandatory.
