(1) At the close of each quarter of the financial year, the Gram Panchayat shall deposit all moneys creditable to the Consolidated Fund of the State realised by the Gram Panchayat in the Government Treasury under intimation to the 32 Panchayat Inspector concerned. A copy of the challan shall be kept in the record of the Gram Panchayat.
(2) At the close of the year, the Panchayat Inspector shall prepare a statement of the amounts deposited by each Gram Panchayat of his Block during the preceding year duly verified by the Treasury Officer concerned and shall send the same to the District Panchayat Officer of the district.
(3) The District Panchayat Officer in his turn, shall consolidate the statements referred to in sub-rule (2) for the whole district and after getting it verified by the District Treasury Officer, shall forward it to the Director.
(4) The Director shall arrange for the reimbursement of the amount deposited by each Gram Panchayat to the Gram Panchayats.