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Municipal Budgetary Reforms
VMC Efforts
7/9/2021 Workshop on Municipal Budgeting 2
Municipal Budgetary Reforms
VMC Efforts
Reorganized & restructured budget
Introduced subsidiary appendixes to budget
Judicious application of budgeting techniques
Streamlined and pruned down budget
Devised model for budget / resource
allocation
Elected representative increased participation
Made it compatible with accounting system
7/9/2021 Workshop on Municipal Budgeting 3
Municipal Budgetary Reforms
VMC Efforts
VMC Budget Prior to Restructuring
Tax Revenue
Non-Tax Revenue
Grants
Capital Receipts
Budget Heads
Receipt
Establishment
Maintenance
Contingency
New Works
Budget Heads
Payment
Revenue Budget
Receipts
Payements
Loan Budget
Deposits Receipts & Refunds
Advances Given & Adjus
Funds Receipt & Payments
Extra-Ordinary Budget
VMC - Budget
7/9/2021 Workshop on Municipal Budgeting 4
Municipal Budgetary Reforms
VMC Efforts
VMC Budget After Restructuring
VMC Restructured Budget
Tax Revenue
Non-Tax Reve
Reve. Grants
Budget Heads
Receipt
Establishment
Maintenance
Loan Charges
Budget Heads
Payment
Revenue
Budget Heads
Receipt
Budget Heads
Payment
From Own Sources
Sources
Receipt
Projects
Payment
Loans & Borrowings
Sources
Receipt
Purposes
Payment
Capital Grants
Capital/Developmental
Receipt Payments
Deposits & Funds
Receipt Payment
Advances
Extra-ordinary
7/9/2021 Workshop on Municipal Budgeting 5
Municipal Budgetary Reforms
VMC Efforts
Expenditure made contingent to resource
realization (contingency budgeting system)
Augmented tax rates and service charges
Separated revised budget approval procedure
Regularized accounting system and work
Miscellaneous Fees/charges made part of
annual budgeting process.
7/9/2021 Workshop on Municipal Budgeting 6
Municipal Budgetary Control Reforms
VMC Efforts
Introduced centralized financial control
Brought advances under centralized
control
Improved tendering procedures
Formed ‘priority works committee’
Removed procedural limitations
Introduced proper cash management
and working capital management
7/9/2021 Workshop on Municipal Budgeting 7
Municipal Budgetary Control Reforms
VMC Efforts
Introduced time-bound bills movement
procedure
Improved management of receivables
Municipal Budgetary Reforms
VMC Efforts
Thank You

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Municipal Budgeting in India - Vadodara Case Study

  • 2. 7/9/2021 Workshop on Municipal Budgeting 2 Municipal Budgetary Reforms VMC Efforts Reorganized & restructured budget Introduced subsidiary appendixes to budget Judicious application of budgeting techniques Streamlined and pruned down budget Devised model for budget / resource allocation Elected representative increased participation Made it compatible with accounting system
  • 3. 7/9/2021 Workshop on Municipal Budgeting 3 Municipal Budgetary Reforms VMC Efforts VMC Budget Prior to Restructuring Tax Revenue Non-Tax Revenue Grants Capital Receipts Budget Heads Receipt Establishment Maintenance Contingency New Works Budget Heads Payment Revenue Budget Receipts Payements Loan Budget Deposits Receipts & Refunds Advances Given & Adjus Funds Receipt & Payments Extra-Ordinary Budget VMC - Budget
  • 4. 7/9/2021 Workshop on Municipal Budgeting 4 Municipal Budgetary Reforms VMC Efforts VMC Budget After Restructuring VMC Restructured Budget Tax Revenue Non-Tax Reve Reve. Grants Budget Heads Receipt Establishment Maintenance Loan Charges Budget Heads Payment Revenue Budget Heads Receipt Budget Heads Payment From Own Sources Sources Receipt Projects Payment Loans & Borrowings Sources Receipt Purposes Payment Capital Grants Capital/Developmental Receipt Payments Deposits & Funds Receipt Payment Advances Extra-ordinary
  • 5. 7/9/2021 Workshop on Municipal Budgeting 5 Municipal Budgetary Reforms VMC Efforts Expenditure made contingent to resource realization (contingency budgeting system) Augmented tax rates and service charges Separated revised budget approval procedure Regularized accounting system and work Miscellaneous Fees/charges made part of annual budgeting process.
  • 6. 7/9/2021 Workshop on Municipal Budgeting 6 Municipal Budgetary Control Reforms VMC Efforts Introduced centralized financial control Brought advances under centralized control Improved tendering procedures Formed ‘priority works committee’ Removed procedural limitations Introduced proper cash management and working capital management
  • 7. 7/9/2021 Workshop on Municipal Budgeting 7 Municipal Budgetary Control Reforms VMC Efforts Introduced time-bound bills movement procedure Improved management of receivables