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List of Statements in Finance Account

Volume-I: Summarised Statements

1 Statement of Financial Position
2 Statement of Receipts and Disbursements
Annexure-Cash Balances and Investments of Cash Balances
3 Statement of Receipts (Consolidated Fund)
4 Statement of Expenditure (Consolidated Fund)
5 Statement of Progressive Capital Expenditure
6 Statement of Borrowings and other Liabilities
7 Statement of Loans and Advances given by the Government
8 Statement of Investments of the Government
9 Statement of Guarantees given by the Government
10 Statement of Grants-in-aid given by the Government
11 Statement of Voted and Charged Expenditure

12 Statement on Sources and Application of funds for expenditure other than on

Revenue Account
13 Summary of Balances under Consolidated Fund, Contingency Fund and Public
Account
Volume –II
Part I: Detailed Statements
14 Detailed Statement of Revenue and Capital Receipts by Minor Heads
15 Detailed Statement of Revenue Expenditure by Minor Heads

16 Detailed Statement of Capital Expenditure by Minor Heads and Sub Heads

17 Detailed Statement of Borrowings and Other Liabilities

18 Detailed Statement of Loans and Advances given by the State Government

19 Detailed Statement of Investments of the Government

20 Detailed Statement of Guarantees given by the Government

21 Detailed Statement on Contingency Fund and Other Public Account

transactions
22 Detailed Statement on Investments of Earmarked Funds
Part II: Appendices
I Comparative Expenditure on Salary
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II Comparative Expenditure on Subsidy

III Grants-in-aid/Assistance given by the State Government (Institution-wise and
Scheme-wise)
IV Details of Externally Aided Projects
V Expenditure on Schemes
A. Central Schemes (Centrally Sponsored Schemes and Central Schemes)
B. State Schemes
VI Direct transfer of Central Scheme funds to Implementing Agencies in the State
(Funds routed outside State Budget) (Un-audited Figures)
VII
Acceptance and Reconciliation of balances
VIII Financial Results of Irrigation Schemes

IX Commitments of the Government- List of Incomplete Capital Works

X Maintenance Expenditure with segregation of Salary and Non-Salary
portion
XI Major Policy Decisions of the Government during the year or New Schemes
proposed in the Budget
XII Committed Liabilities of the Government

XIII Re-organisation of the States – Items for which allocation of balances

between/among the States has not been finalized.
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A. What the Finance Accounts contain

The Finance Accounts are presented in two volumes.
Volume I contains the Certificate of the Comptroller and Auditor General of India, the
Guide to the Finance Accounts, 13 statements which give summarised information on the
financial position and transactions of the State Government for the current financial year,
Notes to Accounts and annexure to the Notes to Accounts.
Details of the 13 statements in Volume I are given below:
1. Statement of Financial Position: This statement depicts the cumulative figures of
assets and liabilities of the State Government, as they stand at the end of the year, and
as compared to the position at the end of the previous year.
2. Statement of Receipts and Disbursements: This statement depicts all receipts and
disbursements of the State Government during the year in all the three parts in which
Government accounts are kept, viz., the Consolidated Fund, Contingency Fund and
Public Account. In addition, it contains an annexure, showing alternative depiction of
Cash Balances (including investments) of the Government. The Annexure also depicts
the Ways and Means position of the Government in detail.
3. Statement of Receipts (Consolidated Fund): This statement comprises revenue and
capital receipts and borrowings of the State Government. This statement corresponds
to detailed statements 14, 17 and 18 in Volume II of the Finance Accounts.
4. Statement of Expenditure (Consolidated Fund): In departure from the general
depiction of the Finance Accounts up to the Minor Head level, this statement gives
details of expenditure by nature of activity (objects of expenditure) also. This
statement corresponds to detailed statement 15, 17 and 18 in Volume II.
5. Statement of Progressive Capital Expenditure. This statement corresponds to the
detailed statement 16 in Volume II.
6. Statement of Borrowings and Other Liabilities: Borrowings of the Government
comprise market loans raised by it (Internal Debt) and Loans and Advances received
from the Government of India. ‘Other Liabilities’ comprise ‘Small Savings, Provident
Funds etc.’, ‘Reserve Funds’ and ‘Deposits’. The statement also contains a note on
service of debt, and corresponds to the detailed Statement 17 in Volume II.
7. Statement of Loans and Advances given by the Government: This statement
depicts all loans and advances given by the State Government to various categories of
loanees like Statutory Corporations, Government Companies, Autonomous and Other
Bodies/ Authorities and recipient individuals (including Government servants). This
statement corresponds to the detailed statement 18 in Volume II.
8. Statement of Investments of the Government: This statement depicts investments
of the State Government in the equity capital of Statutory Corporations, Government
Companies, other Joint Stock Companies, Cooperative institutions and Local Bodies.
This statement corresponds to the detailed statement 19 in Volume II.
9. Statement of Guarantees given by the Government: This statement summarises the
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guarantees given by the State Government on repayment of principal and interest on

loans raised by Statutory Corporations, Government Companies, Local Bodies and
Other institutions. This statement corresponds to the detailed statement 20 in Part II
10.Statement of Grants-in-aid given by the Government: This statement depicts all
Grants-in- Aid given by the State Government to various categories of grantees like
Statutory Corporations, Government Companies, Autonomous and Other Bodies/
Authorities and individuals. Appendix III provides details of the recipient institutions.
11.Statement of Voted and Charged Expenditure: This statement assists in the
agreement of the net figures appearing in the Finance Accounts with the gross figures
appearing in the Appropriation Accounts.
12.Statement on Sources and Application of Funds for Expenditure other than on
Revenue Account: This statement is based on the principle that revenue expenditure
is expected to be defrayed from revenue receipts, while capital expenditure of the year
is met from revenue surplus, net credit balances in the public account, cash balance at
the beginning of the year, and borrowings.
13.Summary of Balances under Consolidated Fund, Contingency Fund and
Public Account: This statement assists in proving the accuracy of the accounts.
The statement corresponds to the detailed statement 14, 15, 16, 17, 18 and 21 in
Volume II.
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Volume II of the Finance Accounts contains two parts- nine detailed statements in Part
I and 13 Appendices in Part II.
Part I of Volume II
14.Detailed Statement of Revenue and Capital Receipts by Minor Heads: This
statement corresponds to the summary statement 3 in Volume I of the Finance
Accounts.
15.Detailed Statement of Revenue Expenditure by Minor H ea d s : This
statement, which corresponds to the summary statement 4 in Volume I, depicts the
revenue expenditure of the State Government under Schemes (State Schemes,
Centrally Sponsored Schemes and Central Schemes). Charged and Voted expenditure
are exhibited distinctly.
16.Detailed Statement of Capital Expenditure by Minor Heads and Sub
H e a d s : This statement, which corresponds to the summary statement 5 in Part-I of
this volume, depicts the capital expenditure (during the year and cumulatively) of the
State Government under Schemes (State Schemes, Centrally Sponsored Schemes and
Central Schemes). Charged and Voted expenditure are exhibited distinctly. In addition
to representing details of capital expenditure at Minor Head level, in respect of
significant schemes, this statement depicts details at Sub Head levels also.
17.Detailed Statement of Borrowings and Other Liabilities: This statement, which
corresponds to the summary statement 6 in Part I of this volume, contains details of
all loans raised by the State Government (market loans, bonds, loans from the Central
Government, loans from Financial Institutions, Special Securities issued to National
Small Savings Fund, etc.), and Ways and Means advances extended by the Reserve
Bank of India. This statement presents the information on loans under three
categories: (a) details of individual loans; (b) maturity profile, i.e., amounts payable in
respect of each category of loans in different years; and (c) interest rate profile of
outstanding loans.
18.Detailed Statement of Loans and Advances given by the State Government:
This statement corresponds to the summary statement 7 in Volume I.
19.Detailed Statement of Investments of the Government: This statement depicts
details of investments entity wise and Major and Minor Head wise details of
discrepancies, if any, between Statements 16 and 19. This statement corresponds to
Statement 8 in Volume I.
20.Detailed Statement of Guarantees given by the Government: This statement
depicts entity wise details of government guarantees. This statement corresponds to
Statement 9 in Volume I.
21.Detailed Statement on Contingency Fund and Other Public Account
transactions: This statement depicts at Minor Head level, the details of unrecouped
amounts under Contingency Fund, consolidated position of Public Accounts
transactions during the year, and outstanding balances at the end of the year. This
statement corresponds to Statement 13 in Volume I.
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22.Detailed Statement on Investments of Earmarked Funds: This statement depicts

details of investments from the Reserve Funds (Public Account).
Part II of Volume II
Part II contains 13 appendices on various items including salaries, subsidies, grants-in-
aid, externally aided projects, scheme wise expenditure in respect of major Central
schemes and State schemes, etc. These details are presented in the accounts at Sub Head
level or below (i.e. below Minor Head levels) and so are not generally depicted in the
Finance accounts. A detailed list of appendices appears at the ‘Table of Contents’ in
Volume I and II. The statements read with the appendices give a complete picture of
the state of finances of the State Government.
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B. Ready Reckoner:
The section below links the summary statements appearing in Volume I with the detailed
statements and appendices in Volume II. (Appendices which do not have a direct link with
the Summary Statements are not shown below).

Summary Detailed
Parameter Statements Statements Appendices
(Volume I) (Volume II)
Revenue Receipts (including
2, 3 14
Grants received)
I (Salary), II
Revenue Expenditure 2, 4 15
(Subsidy)
Grants-in-Aid given by
2,10 --- III
Government
Capital receipts 2, 3 14
Capital expenditure 1, 2, 4,5,12 16
Loans and Advances given by the
1, 2, 7 18
Government
Debt Position/Borrowings 1, 2, 6 17
Investments of the Government
8 19
in Companies, Corporations etc
Cash 1, 2,12
Balances in Public Account and
1, 2 21, 22
investments thereof
Guarantees 9 20
IV (Externally Aided
Schemes
Projects), V
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C.Periodical adjustments and Book adjustments:

Certain transactions that appear in the accounts do not involve actual movement of
cash at the time of booking. Some of these transactions take place at the level of the
account rendering units (e.g. treasuries, divisions etc.) themselves. For instance,
transactions involving adjustment of all deductions (GPF, recoveries of advances given
etc.) from salaries are recorded by debiting functional Major Heads (pertaining to the
concerned department) by book adjustment to revenue receipt. Similarly ‘nil’ bills where
moneys transferred between the Consolidated Fund and Public Account represent non- cash
transactions occurring at the level of the accounts rendering units.
In addition of the above, the Principal Accountant General/Accountant General
(A&E) carries out periodic adjustments and book adjustments of the following nature in the
accounts of the State Government, details of which appear in Annexure to Notes to
Accounts (Volume I) and footnotes to the relevant statements.
Examples of periodical adjustments and book adjustments are given below:
(1) Creation of funds/ adjustment of contribution to Funds in Public Account by debit
to Consolidated Fund e.g., Calamity Relief Fund, Reserve Funds, Sinking Fund, etc.
(2) Crediting of deposit heads of accounts in Public Account by debit to Consolidated
Fund.
(3)Annual adjustment of interest on General Provident Fund (GPF) and State
Government Group Insurance Scheme, where interest on GPF is adjusted by debiting
Major Head 2049-Interest and crediting Major Head 8009-General Provident Fund.
(4) Adjustment of Debt waiver under the scheme of Government of India based on
the recommendations of the Central Finance Commissions. These adjustments (where
Central loans are written off by crediting Major Head 0075-Misc. General Services by
contra entry in the Major Head 6004-Loans and Advances from the Central Government)
impact both Revenue Receipts and Public Debt heads.
D. Rounding: Difference of 70.01 lakh/crore, wherever occurring, is due to rounding.