Journal Name:
- Indian Streams Research Journal
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Abstract (Original Language):
Municipal governments in India are vested with the statutorily responsibility for the provision and
maintenance of basic infrastructure and services in cities and towns. Additionally they have been assigned a range of
planning functions through the state legislature and other administrative orders. The objective is to ensure that
suitable levels of infrastructure and services are available to the citizens. In many parts of India, the quality of life in
urban areas is miserable and the citizens lead a difficult life. To overcome this problem, a series of reforms have been
initiated by the Indian government to strengthen local-level governance. The main objective of this paper is to
evaluate the financial health of Belgaum City Corporation and Bellary City Municipal Corporation for the period of
five years. Municipal Corporations are generating small revenue surplus with low resource gaps. More than that,
they are spending lower than that required for providing a minimum level of civic amenities. Improved financial
management is required to increase efficiency in revenue collection and expenditure control. Therefore the
financial health of an urban local body (ULB) is indicated by a set of closely interrelated factors and not merely
income-expenditure balance.
The present paper intend to diagnose the financial health of urban local bodies in general and city
municipal corporation in particular considered so as to measure the efficiency in financial management .For this
broad d objective the following parameters have been identified. so as to assess the financial performance of the
sample city municipal corporation in Karnataka. Growth Rate of Total Income, Growth Rate of Total Revenue
Growth Rate of Income over Expenditure, Growth Rate of Property Tax, Growth Rate of Total Expenses, Growth
Rate of Administrative Expenses, Growth Rate of Financial Expenses, Growth Rate of Service Related Direct
Expenses. The study concluded that it would be desirable for City corporations to get into the process of monitoring
their own performance in terms of net surpluses or deficits on a regular basis. In the view of the above, the approach
to urban development and management should be the prime focus of the municipal corporations.
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