Background and Summary
A web portal https://cityfinance.in/home has been launched to host financial information of Urban Local Bodies (ULBs). The portal is aimed at serving as a national database of city finances combining financial and operational information such as income, expenditure, assets, and liabilities.
Name of Partnering Agencies
Janaagraha Centre for Citizenship & Democracy (JCCD) in collaboration with Ministry of Housing & Urban Affairs (MoHUA)
Period of Implementation
Design and Development: Jan 2019– June 2020
Portal went live in the month of June 2020
Area of Operation
The primary objective of CityFinance.in is to serve as a national framework of standardized, timely and credible financial information on cities, beginning with urban local bodies. We aspire to host financial statements in digital format for all the cities in India. This will lead to better evaluation of the performance of cities and promote a sense of competition and peer learning.
The information to be covered would in a phased manner include:
Planned in future:
- Service level benchmarks
- Module for XV FC grant automation
- CAG and DLFA audit reports
- List of urban projects including PPP, tenders and schemes
Model RFPs, a compilation of best practices in revenue enhancement and digital learning modules.
Status Before Implementation
Financial statements from ULBs were mostly available in scanned PDF formats and that too on websites of ULBs. In most of the cases, these financial statements were not even in the public domain.
Difficulties/Lessons Learnt
Compiling the database was an arduous task as quality of financial statements produced by ULBs needs a lot of improvement.
Current Status
Phase one of the portal has been launched. We are working on adding new features and improving the user experience and automating the process of standardization of financial statements.