The Financial Advisor-cum-Charted Accountant (FA- cum-CA) of the MCD Mayank Sharma said the department had initiated the process of preparing Budget for three new corporations. The new corporations may come into existence in April. The Budget is being distributed among three in a scientific manner, keeping in the mind each and every element of expenditure and revenue in actual.
Sharma said, “The Budget for the proposed three corporations will be prepared on actual after analysing all the aspects in a scientific manner. It will be adopted by the House for each corporation separately.” Elaborating on the process further, he said preparation for the budget is a complicated task and while preparing the budget, the finance department and the number of wards and zones falling in each corporations along with density of population in each zones would also be taken into consideration.
“After considering all factors among the three municipal bodies, revenue will be distributed accordingly. The process is on and it will take time,” he added. On February 7, Secretary of the Urban Development Department of the Delhi Government, Srivastava, is also director of local bodies and has sent a letter to the MCD asking to prepare budget for three municipal corporations for the financial year 2012-13.
The three separate Budgets would be adopted by the three entities on the very first day of the general house of the corporations will take place. Centralised revenue of the MCD will also be justifiably divided into three with other revenue income like property tax as per their earning of the respective corporations. “Contrary to general perception, Sadar Paharganj zone has the highest population density while it was believed that the density of population is higher in trans-Yamuna area,” a senior official of the finance department said.
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