Railway Accounts Department Examinations

Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts

Thursday, May 14, 2020

Integrated Budget

Integrated Budget

 

Integrated Budget

=

Revenue Budget

+

Works Budget

+

Earnings Budget

 

·         Source: Para 622 E (Engineering Code)

 

·         Object: In order to co-relate the decisions relating to Investment decisions, a consolidated Budget called Integrated Budget including Revenue Budget, Works Programme and the Machinery and Rolling Stock Programmes should be submitted by the Railways along with the preliminary Works Programme.

 

·         Prepared under the personal guidance of GM and with the assistance of PFA.

 

·          The Integrated Budget includes:

 

1.    Projections of Traffic and Earnings

2.    Works expenditure

3.    Revenue Working Expenses

4.    Estimated financial Results for the ensuing/ following year

5.    The projected Operating Ratio

6.    Rolling stock requirements on account of Replacement and Addition Account

 

·          Covering Note to the Integrated Budget:  Bring out the effect of Budget proposals on the efficiency of operations as indicated by the Operating Ratio and the financial viability of the system as revealed by the financial returns on Capital investment.

 

·         Revised Integrated Budget:  After discussion of the PWP – Preliminary Works Programme, a revised Integrated Budget should be submitted alongwith FWP – Final Works Programme duly taking into account the changes that might have taken place in the meantime.

 

&&&&


Sunday, February 9, 2020

2020-21 Railway Budget financials


 2020-21 Railway Revenue Budget - Financials

click for Statement of Railway receipts and Expenditure Budget 2020-21


SN
Receipts
Amount
(Rs. in Crores)
Percentage

SN
Expenditure
Amount
(Rs. in Crores)
Percentage
1
Coaching Earnings
67500
30 %

1
Ordinary Working Expenses
163157.17
75 %
2
Goods Earnings
147000
65 %

2
Appropriation to DRF
800
1 %
3
Sundry Earnings
11013
5 %

3
Appropriation to Pension Fund
53160
24 %
4
Gross Earnings (1+2+3)
225513
100 %

4
Gross Working Expenses (1+2+3)
217,117.17
100 %
5
Suspense
100


5
Suspense
- 404.17

6
Gross Receipts (4+5)
225613


6
Gross Expenditure (4+5)
216713

7
Misc Receipts
300


7
Misc. Expenditure
2700

8
Total Receipts (6+7)
225913


8
Total Expenditure
219413


Net Revenue = Total Receipts - Total Expenditure
Net Revenue = 225913 - 219413
Net Revenue = 6500

Rs. 6500 Crores Net Revenue is appropriated to

1.       Development Fund - Rs. 1500 Crores
2.       RRSK - Rashtriya Rail Sanraksha Kosh - Rs. 5000 Crores


Nil appropriations to Capital Fund and RSF - Railway Safety Fund 


Operating Ratio = Gross Working Expenses / Gross Earnings x 100
Operating Ratio = 217117.17 / 225513 x 100
Operating Ratio = 96.28 %

Highest & Lowest Operating Ratio of Zonal Railways

Zonal Railway
OR
Rank
Metro Railway, Kolkata
250.3
HIghest
Eastern Railway, Kolkata
171.1
Second Highest
East Coast Railway, Bhubaneswar
50.9
Lowest
South East Central Railway, Bilaspur
52.3
Second Lowest


Sunday, February 2, 2020

WMS - Workshop Manufacturing Suspense Budget



Click for PDF copy of the WMS Budget


WMS Specimen Budget for the year 2020-21 of XYZ Railway


SN
Debits
Inner column
Amount (Rs.)

SN
Credits
Inner column
Amount (Rs.)
A
Opening Balance as on 01.04.2020








i) Works in Progress
15







ii) Amount outstanding for realisation - scrap
5







iii) Bills to be raised for completed works
10







Total (i + ii + iii)
30
30














B
Debits during the year (2020-21)



E
Credits during the Year (2020 -21)



i) Wages to Labour
120



i) To Works
35


ii) Material -Stores suspense (Depots)
100



ii) To Stores Suspense
115


iii) Materials - Direct purchases
75



iii) To Revenue Demands of Home Railway (Labour & Materials)
130


iv) Materials - Adjustments
15



iv) To Revenue Demands of Foreign Railways (Labour & Materials
25


v) Contracts
10



v) To RSP - Rolling Stock Programme
20


vi) Energy charges (Electricity)
5



vi) To Deposit Works for outsiders
5


Total ( i to vi )
325
325


Total ( i to vi)
330
330









C
Deduct for Issues from WMS to Services/Works - within the Demand (2020-21)



F
Deduct for Issues within the Demand

 (-) 50

i) Issues to Works
35







ii) Issues to Stores Suspense
15







Total ( i + ii )
50
  (-) 50














D
Total Debits during the Year (2020-21)   B - C
325 - 50
275

G
Total Credits during the Year (2020-21)
 E -F
330 - 50
280














H
Closing Balance as on 31.03.2021








i) Works in Progress
15







ii) Amount outstanding for realisation
5







Iii ) Bills to be raised for completed works
5







Total ( i + ii + iii)
25
25









E
Grand Total ( Opening Balance + Total Debits during the Year)
30 + 275
305

I
Grand Total (Total Credits during the year + Closing Balance)
280 + 25
305

·         Budget Allotment required under WMS (Plan Head 7200 ) for XYZ Railway of the
 Year 2020-21 is Rs. 275 /- (Total Debits during the year under Sl.No. D).  
The Principle is Gross Budgeting.  Credits should be shown as footnotes under the
 Demands for Grants.