AN EVALUATION OF FINANCIAL PERFORMANCE OF MUNICIPAL CORPORATIONS IN KARNATAKA WITH REFERENCE TO MYSURU AND MANGALURU CITY CORPORATIONS

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The research study attempts to evaluate the financial performance of Mysuru and Mangaluru City Corporations in Karnataka. The study is based on secondary data, which will be collected through secondary sources of financial statements of Mysuru and Mangaluru city corporation. The data so collected will be tabulated appropriately to achieve the objectives set. Required statistical tools will also be used to test the hypotheses formulated in the study. The per capita income and per capita expenditure were increased in all selected Municipal corporations during the study period 2010-11 to 2019-20. There is no significant difference in per capita income between Mysuru CC and Mangaluru CC, which means per capita income is almost equal in selected Municipal Corporations. The per capita expenditure is also equivalent to Mysuru CC and Mangaluru CC. It also found that the expenditure of selected Municipal Corporation is high compared to their income, which means the selected Municipal Corporation depends on State Government grants and loans. There is a significant difference between the development and non -development expenditure on revenue account of both Mysuru and Mangaluru City Corporations. The Mysuru CC had the highest development expenditure in 2017-18 and became 262.64 crores and lowest by 50.04 crores of Mangaluru CC in 2012-13. The Mysuru CC has the highest non-development expenditure in 2019-20 and became 199.52 crores and lowest by 16.73 crores of Mangaluru CC in 2010-11.