Income and Expenditure Account

Kakinada Municipal Corporation

Account Name
Tax Revenue
Assigned Revenues and Compensations
Rental Income from Municipal Properties
Fees and User Charges
Sale and Hire Charges
Revenue Grants Contribution and Subsidies
Income from Investments
Interest Earned
Other Income
Total
Establishment Expenses
Administrative Expenses
Operations and Maintenance
Interest and Finance Charges
Programme Expenses
Revenue Grants Contribution and Subsidies
Total Expenditure
Gross surplus/(deificit) of income over expenditure before depreciation and Prior Period Items
Provisions and Write of
Miscellaneous Expenses
Depreciation
Gross surplus/(deificit) of income over expenditure before Prior Period Items
Prior Period Item
Gross surplus/(deificit) of income over expenditure after Prior Period Items
Transfer to Reserve Funds
Net balance being surplus/deficit carried over to Municipal Fund
Sundry Debtors-Receivables
Sundry Debtors as a percentage to Total Revenue
% of OM Cost to Tax Revenue
2010-11 2011-12 2012-13 2013-14 2014-15
225109760 280021341 290304000 361347865 294195533
54835391 67977537 111607952 68376501 133454177
10965746 13283360 9623987 13029541 13779522
98640319 107940092 58502480 56906736 58557890
298333 498161 160560 189656 109170
3323176 8194224 9636096 39587078 8218091
13374969 6004733 1287926 906072 12591172
3067757 4276950 7776963 11895098 10329431
9566371 1330124 9096850 34836233 7007281
419181822 489526522 497996814 587074780 538242267
13674784 42112695 48644335 51366253 60283239
28925542 28087298 17325654 11194386 9592772
92457025 80368798 160774550 155055743 202479066
16253 786731 22689 306683 413869
9929002 709619 0 5177059 1161503
21641201 16965548 911000 0 30000000
166643807 169030689 227678228 223100124 303930449
252538015 320495833 270318586 363974656 234311818
5000 0 10000 0 0
96188 2185135 1657082 5537467 0
152553018 264370819 282321556 295214980 320493748
99883809 53939879 -13670052 63222209 -86181930
0 436250 262253 42400 0
99883809 53503629 -13932305 63179809 -86181930
0 0 0 0 0
99883809 53503629 -13932305 63179809 -86181930
238069340 311002784 324993812 377558931 377558931
56.79 63.53 65.26 64.31 70.15
41.07 28.70 55.38 42.91 68.82
 Income and Expenditure Account
Tadipatri
Amount .Rupees
Name of the Account 2012-13

1 Income

Tax Revenue 43156204

Assigned Revenues and Compensation 17808566
Rental Income from Municipal Properties 47861459
Fees and User Charges 7786133
Sale and Hire Charges 371857
Rev Grants Contribution and Subsidies 7266095
Income from Investments 0
Interest Earned 3734428
Other Income 5695722
Total 133680464

2 Expenditure

Establishment Expenses 23443632

Administrative Expenses 4531933
Operations and Maintenance Expenses 41016054
Interest and Finance Charges 404
Programme Expenses 308140
Rev Grants Contribution and Subsidies 0
Total 69300163
Gross surplus (deficit) of Income over
Expenditure before depreciation and Prior 64380301
Period Items
Provision and write offs 0
Miscellaneous Expenses 0
Depreciatiom 0
Gross surplus/ (deficit) of Income over 64380301
Expenditure before Prior Period Items
Prior Period Items 42582
Gross surplus/ (deficit) of Income over
Expenditure after Prior Period Items 64337719
Prior Period Items
Transfer to Reserves 0

Net Balance being surplus/ (deficit) 64337719

Carried over to Municipal Fund
O & M Expenses as a % of Revenue 31
Sundry Debtors as a % of Revenue 6.42
2013-14 2014-15

52775489 43290012
5092170 8530425
14517920 13967583
14333512 10743124
116586 193404
8106386 6078950
199201 961015
2982003 5882919
501170 459977
98624437 90107409

30731479 36830941
2327317 4677876
45871049 54950988
75374 54159
1951395 1895540
0 0
80956614 98409504

17667823 -8302095

0
0
167258 298843
17500565 -8600938

0 100

17500565 -8601038

0 0

17500565 -8601038
 47 61
20.92 22.90
 Sample sewerage Project-Calculation of IRR
Rupees in millions
Receipt of Repayment of
Capital
Year Loan / Revenue O & M Cost Loan &
Expenditure
Grants Interest
0 2013 (1336.30) 400.89
1 2014 (1781.73) 534.52
2 2015 (445.43) 133.63
3 2016 (390.31) 117.09 410.95 (354.91) (106.25)
4 2017 419.20 (354.91) (106.25)
5 2018 486.55 (354.91) (106.25)
6 2019 496.04 (354.91) (106.25)
7 2020 510.58 (354.91) (106.25)
8 2021 592.29 (354.91) (106.25)
9 2022 603.21 (354.91) (106.25)
10 2023 614.14 (354.91) (106.25)
11 2024 713.02 (354.91) (106.25)
12 2025 731.38 (638.83) (106.25)
13 2026 740.25 (638.83) (106.25)
14 2027 858.40 (638.83) (106.25)
15 2028 871.76 (638.83) (106.25)
16 2029 885.11 (638.83) (106.25)
17 2030 1033.24 (638.83) (106.25)
18 2031 1048.60 (638.83) (106.25)
19 2032 1063.96 (638.83) 0.00
20 2033 1234.03 (638.83) 0.00
21 2034 1251.69 (638.83) 0.00
22 2035 1276.54 (638.83) 0.00
23 2036 1480.07 (638.83) 0.00
24 2037 1500.39 (638.83) 0.00
25 2038 1520.70 (638.83) 0.00
26 2039 1763.90 (638.83) 0.00
27 2040 1795.53 (638.83) 0.00
28 2041 0.00 0.00 0.00
23901.53 -13415.52 -1699.99
 PV of Net
Net Flow Flow @
1.5%
(935.41) (935.41)
(1247.21) (1228.78)
(311.80) (302.65)
(323.43) (309.30)
(41.95) (39.53)
25.39 23.57
34.89 31.90
49.42 44.53
131.14 116.41
142.06 124.24 GOI 197.69
152.98 131.82 Loan 118.62
251.87 213.82 Balance 79.05
(13.70) (11.46) Total 395.36
(4.83) (3.98) Int rate % 7.50
113.31 91.99 IRR 5.87 1.08
126.67 101.32 Interest 51.38
140.03 110.35 170.00
288.15 223.72 Revenues 2390.00 1673
303.51 232.16 O&M 1342.00 1342
425.12 320.38
595.19 441.91 Total Cost 1512.00 1512
612.86 448.30 Margin 878.00 161
637.71 459.59
841.24 597.31
861.55 602.69 Means of Finance
881.86 607.79 GOI 197.69
1125.06 763.94 PPP 118.62
1156.70 773.81 VGF 79.05
0.00 0.00 395.36
3630.44 NPV of the project
5.87 IRR

$3,576.79
General/Property Tax 2010-11 2011-12 2012-13 2013-14 2014-15
Demand
Arrears 174.27 559.99 154.54 166.15 79.24
Current 616.18 622.98 1,304.11 1,192.80 1,370.57
Total 790.45 1,182.97 1,458.65 1,358.95 1,449.81

Collection
Arrears 126.75 418.86 154.11 108.39 60.00
Current 546.49 609.57 1,138.39 1,171.32 1,298.54
Total 673.24 1,028.43 1,292.50 1,279.71 1,358.54

Efficieny
Arrears 73% 75% 100% 65% 76%
Current 89% 98% 87% 98% 95%
Total 85% 87% 89% 94% 94%
7-Jan-14 8-Jan-14

Water Charges 2010-11 2011-12 2012-13 2013-14 2014-15

Demand
Arrears 52.90 228.04 176.75 119.00 88.82
Current 151.20 73.78 154.60 156.04 311.53
Total 204.10 301.82 331.35 275.04 400.35

Collection
Arrears 42.68 67.03 128.47 91.10 51.09
Current 31.78 59.11 83.35 48.29 98.55
Total 74.46 126.14 211.82 139.39 149.64
129.64 175.68 119.53 135.65 250.71
Efficieny
Arrears 81% 29% 73% 77% 58%
Current 21% 80% 54% 31% 32%
Total 36% 42% 64% 51% 37%
The estimated project cost for the Smart City Proposal is Rs. 1993.03 Cr with following broad parameters:
Sr No. Initiative Project Cost
1 Area Based Development (1375 Acres)
2 Pan City Solutions
3 Total
The Area Based Development (ABD) is further divided into following broad categories:

Convention Centre, mall, multiplex, Budget hotel

Boat building yard, cold storage and fish processing units
Skill development centers
Markets, Vending zones and eateries
E S I Hospital
Education (2 science centers and 23 e-pathshalas)
Green Park developments and road side plantations
Construction of 4760 pukka houses
Transport, mobility and walkability
IT Connectivity
Rooftop solar and LED conversion
Water supply and quality (smart meters & online monitoring)
Waste water, collection, treatment and recycle
Sanitation and waste management
Under Ground Wiring
Storm water
Safety and surveillance
Piped natural gas
Waterfront Development

The PAN CITY Development (PCD) Proposal of Rs. 126.92 Cr is further divided into following:
Sr No. Initiative Project Cost
1 ICT Based intelligent governance system
2 ICT Based MSW management system
The estimated project cost for the Smart City Proposal is Rs. 1993.03 Cr with following broad parameters:
Sr No. Initiative Project Cost
1 Area Based Development (1375 Acres)
2 Pan City Solutions
3 Total
The Area Based Development (ABD) is further divided into following broad categories:
Initiative
Convention Centre, mall, multiplex, Budget hotel
Boat building yard, cold storage and fish processing units
Skill development centers
Markets, Vending zones and eateries
E S I Hospital
Education (2 science centers and 23 e-pathshalas)
Green Park developments and road side plantations
Construction of 4760 pukka houses
Transport, mobility and walkability
IT Connectivity
Rooftop solar and LED conversion
Water supply and quality (smart meters & online monitoring)
Waste water, collection, treatment and recycle
Sanitation and waste management
Under Ground Wiring
Storm water
Safety and surveillance
Piped natural gas
Waterfront Development
Total
The PAN CITY Development (PCD) Proposal of Rs. 126.92 Cr is further divided into following:
Sr No. Initiative Project Cost
1 ICT Based intelligent governance system
2 ICT Based MSW management system
Total

Funding Sources
Smart City Mission - GoI
Smart City mission – GoAP
Funds / Grants from Other Schemes – GoI
Funds / Grants from Other Schemes – GoAP:
Investment by PPP Investors / Concessionaires:
Beneficiaries
Corporate Social Responsibilities (CSR)
Kakinanda Municipal Corporation (own funds)
One time payment from sewerage connections
Loan from Financial Institutions / Markets
Total Investment:
 Rs.in Crs
1866.11
126.92
1993.03

Project Cost
87.46
34.17
2.5
14
50.5
11.23
17.81
228.48
370.52
4.4
190.82
30.12
264.81
43.87
96.8
307.04
5.58
14
92
1866.11

126.00
0.92
126.92

Rs. In Crs
488.00
488.00
340.93
244.9
173.9
113.96
2.50
0.73
19.21
120.91
1993.04
Sl No Name of the City
1 Chennai MC
2 Coimbatore MC
3 Madurai MC
4 Thiruchirapalli MC
5 Salem MC
6 Thirunelveli MC
7 Ambattur M
8 Tiruppur MC
9 Avadi M
10 Tiruvottiyur M
11 Thoothukkudi MC
12 Nagercoil M
13 Thanjavur M
14 Pallavaram M
15 Dindigul M
16 Vellore MC
17 Tambaram M
18 Cuddalore M
19 Alandur M
20 Kancheepuram M
21 Erode M
22 Tiruvannamalai M
23 Kumbakonam M
24 Rajapalayam M
25 Kurichi M
26 Madavaram M
27 Pudukkotai M
28 Hosur M
29 Ambur M
30 Karaikudi M
31 Nagapattinam M
32 Velankanni M

Tuticorin
Pondichery
 Credit Ratings

1 A+
2A
3 A-
4 BBB+
5 BBB
6 BBB-
7 BB+
8 BB
9 BB-
10 B+
11 B
 Details of Rating Agencies

1 CRISIL LIMITED

2 INDIA RATINGS AND RESEARCH PVT LTD

3 I C R A LIMITED

4 CREDIT ANALYSI AND RESEARCH LIMITED

5 BRICKWORKS RATINGS INDIA PVT LIMITED

6 SMERA RATINGS LIMITED

7 INFOMERICS VALUATION RATINGS LIMITED