HDMC presents surplus budget
Hubli, March 1, 2011 Staff Correspondent - The Hindu
The Hubli-Dharwad Municipal Corporation has passed a Rs. 1.12 crore surplus budget for 2011-12 fiscal at its general body meeting held here on Monday.
Chairman of the Standing Committee on Tax, Finance and Appeals Vijayananada Shetty presented the budget. He said HDMC was expecting a revenue of Rs. 162.85 crore from various sources. And, its expenditure is estimated at Rs. 151.37 crore.
The major portion of 65.28 p.c. of the estimated revenue receipts is expected from revenue grants, contributions and subsidies that stand at Rs. 106.31 crore. Revenue from other sources include Rs. 67 lakh from assigned revenues and compensations (0.41 p.c.), Rs. 27 crore from tax revenue (16.58 p.c.), Rs. 23.87 crore from fee user charges and other charges (14.66 p.c.), Rs. 3.26 crore from rental income from the municipal properties (2 p.c.), Rs. 11.7 crore from other receipts (0.72 p.c.), Rs. 42 lakh from sales and hire charges (0.26 p.c.) and Rs. 15 lakh from interest/dividend earned (0.09 p.c.).
The budget has proposed to spend Rs. 60.06 crore on human resources development that forms 39.68 p.c. of the total estimated expenditure. Other expenditure includes Rs. 58.60 crore on operation and maintenance (38.71 p.c.), Rs. 6.38 crore on general expenditure (4.22 p.c.), Rs. 13.75 crore on social welfare, SC/ST, OBC welfare (9.08 p.c.), Rs. 12.31 corporation activities (8.13 p.c.) and Rs. 27 lakh as finance and interest charges (0.18 p.c.).
Mr. Shetty said the HDMC was expecting Rs. 60 crore salary grants and Rs. 22.58 crore from the State Finance Commission. While Rs. 2 crore had been released for the development of Aryabhata IT Park in Hubli, another additional grant of Rs. 2 crore was expected. And, Rs. 2 crore was expected from handing over the HDMC property to Karnataka State Law University and Rs. 4 crore grants was expected from the Union Government to develop the slaughter house, he said.
Maintenance
He said Rs. 3.10 crore has been set aside for the repair of major roads, Rs. 1.5 crore for repair of drains, Rs. 45.91 crore for new constructions and capital expenditure including Rs. 16 crore for road development, Rs. 1.15 crore for building construction and Rs. 1 crore for construction of footpaths. New underground drain will be constructed at a cost of Rs. 3.75 crore.
For maintenance of streetlights, Rs. 3.50 crore has been set aside while Rs. 2.50 crore has been set aside for installation of high-mass lights and streetlights.
For maintenance of drains, Rs. 1.51 crore has been set aside while Rs. 1.20 crore has been set aside for maintenance of underground drains.
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- HDMC's expenditure estimated at Rs. 151.37 crore
- Allocation of Rs. 60.06 crore has been made for human resources development
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