"Budget reports" are accounting documents prepared by an institution, municipality, or government department regarding the income expected and the expenses to be incurred in a financial year. These are used for financial planning and fiscal control..
Items typically included in the budget report:
Expected income:-
Tax revenue
Government grants
Fees, license revenue, etc.
Expenses
Development programs
Salary expenses
Welfare programs
Maintenance expenses
Funds for projects
Comparison with the previous year's budget
Income-expenditure balance.
The preparation of the budget for local self-governing bodies in Kerala is conducted according to the rules of the Local Self Government Department.
