Ahmedabad: The Amdavad Municipal Corporation (AMC) tabled its accounts for the financial year 2024-25 at a standing committee meeting on Thursday. According to these accounts, the civic body recorded a revenue income of ₹7,944.96 crore against a revenue expenditure of ₹5,870.85 crore, resulting in a revenue surplus of ₹2,074.11 crore, which is ₹615.30 crore higher than the previous year. The surplus will be utilized for various development projects across the city in the coming year.

The revenue includes ₹1,044 crore from octroi compensation provided by the state government. AMC collected ₹815.99 crore from taxes, ₹2,191.32 crore from non-tax revenue, and ₹1,319.83 crore through grants and subsidies.

AMC also reported a capital income of ₹3,421.77 crore, compared to a capital expenditure of ₹5,419.80 crore. The capital income includes ₹100 crore from a World Bank loan, ₹58.60 crore from MLA/MP grants, ₹2,268.53 crore under the Swarnim Chief Minister Urban Development Scheme, ₹212.18 crore from Finance Commission grants, ₹226.09 crore from sports complex grants, and ₹229.92 crore under the Amrut Scheme.

According to AMC’s Finance Accounts Department, the strong revenue surplus underscores the corporation’s robust financial position, enabling it to fund ongoing and planned development initiatives across Ahmedabad. DeshGujarat