PAGE 6 | OPPOSITION HAS FACE PM FACE Workers contribute max funds for TRS
■ Membership drives gave boost to the party’s revenue
The TRS maximum funding came from its grassrootslevel workers in the form of annual subscription, and next from voluntary donations by individuals or party leaders, reveals the 2017-18 audit report of the party.
The ruling party received an income of `22.9 crore in 2018 as subscription fee against `2.89 crore in 2017. This indicates a multifold hike in registrations and in the growth of the pink party.
Donations pulled in `3.30 crore and income from other sources was `1.05 crore. In total, the TRS received `27.27 crore in funding in 2018, a nine-fold increase from the previous year.
The grassroots staff of the TRS was given targets to increase party membership. Several membership drives were also held for fresh enrolments. This is a general trend followed by political parties, especially ahead of elections.
The TRS’s maximum funding came from its grassroots-level workers in the form of annual subscription, and next from voluntary donations by individuals or party leaders, reveals the 2017-18 audit report of the party.
The ruling party received an income of Rs
22.9 crore in 2018 as subscription fee against Rs
2.89 crore in 2017. This indicates a multi-fold hike in registrations and in the growth of the pink party.
Donations pulled in Rs
3.30 crore and income from other sources was Rs
1.05 crore. In total, the TRS received Rs 27.27 crore in funding in 2018, a nine-fold increase from the previous year.
Sources told this correspondent that the grassroots staff of the TRS was given targets to increase party membership. Several membership drives were also held for fresh enrolments. This is a general trend followed by political parties especially ahead of elections.
"Each member once enrolled is supposed to pay an annual subscription which is a nominal fee fixed by the party. The member is provided with an ID card and is covered under insurance. That is, if the member meets with an accident while attending a party meeting, the person is insured," said a TRS member.
The audit report (a copy of which is in the possession of this newspaper) mentions that from the Rs
27.27 crore funds, the party incurred a total expenditure of Rs 12.07 crore. The spending includes election expenditure - Rs 29 lakh, employee cost Rs 14.37 crore and the maximum expenditure was for administrative and general expenses- Rs
10.92 crore. The party holds a liability of Rs 36 lakh as on March 2018 and balance amount held by the TRS party is Rs 15 crore.
AIMIM FUNDS UP
The home-grown All India Majlis Ittihadul Muslimeen (AIMIM) party has also received a considerable increase in funds through various avenues in 2018. The kite party received Rs 8.34 lakh as donations, Rs 89.02 lakh as interest on FDRs and the rest through rents and share of income from Darussalam Board. The total revenue received by the party was Rs 12.06 crore in 2018.