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2016 Consolidated Report by the Ekiti State Auditor-General for Local Governments

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Ekiti State of Nigeria Report of the Auditor-General for Local Governments on the Consolidated Accounts of the Local Governments of Ekiti State, Nigeria for the year ended on the 31st of December, 2016.

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2016 Consolidated Report by the Ekiti State Auditor-General for Local Governments

  1. 1. EKITI STATE OF NIGERIA REPORT OF THE AUDITOR-GENERAL FOR LOCAL GOVERNMENTS ON THE CONSOLIDATED ACCOUNTS OF THE LOCAL GOVERNMENTS OF EKITI STATE, NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2016
  2. 2. 2 YEAR 2016 GENERAL PURPOSE FINANCIAL STATEMENTS TABLE OF CONTENTS PAGES 1. Table of contents ………………………………………………………………….. 2 2. Audit Certificate:……………………………………………………………………. 3 3. Report of Auditor-General for the year 2016 …………………………… 4-20 4. Consolidated General Purpose Financial Statement for the year … 21-60 5. Fiscal operation report (for) for the year …………………………………. 61-64 6. Position of Accounts ……………………………………………………………… 65 7. Final Budget for the 16 Local Governments ……………………………. 66 8. Position of Current Audit Queries …………………………………………… 67-83 9. General Purpose Financial Statement of individual Local Governments i. Ado Local Government ………………………………… 84-90 ii. Efon “ ………………………………… 91-97 iii Emure “ …………………………………. 98-104 iv Ekiti East “ ………………………………… 105-111 v. Ekiti South West “ ………………………………… 102-119 vi. Ekiti West “ ……………………………….. 120-127 vii Gbonyin “ ………………………………… 128-134 viii Ido/Osi “ ……………………………….. 135-141 ix Ijero “ ……………………………….. 142-148 x. Ikere “ ……………………………….. 149-155 xi Ikole “ ……………………………….. 156-162 xii Ilejemeje “ ……………………………….. 163-169 xiii Irepodun/Ifelodun “ ………………………………… 170-176 xiv Ise/Orun “ ……………………………….. 177-184 xv Moba “ ………………………………… 185-191 xvi Oye “ ……………………………….. 192-198
  3. 3. 3 AUDIT CERTIFICATE I have examined the General Purpose Financial Statements of all the Sixteen Local Governments of Ekiti State as at 31st December, 2016 in accordance with Sections 123(2) of the Constitution of the Federal Republic of Nigeria 1989; 316(1) of the Constitution of the Federal Republic of Nigeria 1999 and 32 (2) of the Local Government Administration Law No 2 of 1999. I have obtained information and explanations that l required for my audit. In my opinion, the General Purpose Financial Statements and the supporting Accounts and Statements give a true and fair view of the state of affairs of the Local Governments of Ekiti State as at 31st December, 2016 subject to the observations in this report. Ade-Ojo, Richard Adebayo,mni, AUDITOR-GENERAL FOR LOCAL GOVERNMENTS, EKITI STATE. FRC/2016/ANAN/00000015210
  4. 4. 4 REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR THE YEAR ENDED 31ST DECEMBER, 2016 The accounts of the Sixteen (16) Local Government Councils of Ekiti State for the year ended 31st December, 2016 have been audited under my direction in consonance with the Constitution of the Federal Republic of Nigeria, 1999 and the Local Government Law, 1999. I have, as a result, certified the individual accounts as correct where appropriate. The domestic report of the Auditor-General on the accounts of the sixteen Local Government Councils have been sent for their attention. 2. RESPONSIBILITIES OF THE DIRECTORS OF FINANCE: It is the responsibility of Director of Finance of each Local Government to prepare and submit the Financial Statements of the Accounts of the Local Government to the Auditor-General in accordance with the provisions of the Constitution of the Federal Republic of Nigeria within 90 days after the expiration of the financial year. This Section was grossly violated by the Local Governments as many of them presented their accounts more than six months behind schedule. This led to my late reporting on the Accounts. 3. STATEMENT OF RESPONSIBILITY OF AUDITOR GENERAL It is my responsibility to form an independent opinion based on financial statements and accompanying accounts prepared and submitted to me by the Directors of Finance of the Sixteen Local Governments of Ekiti State and to report thereupon in consonance with the Constitution of the Federal Republic of Nigeria, 1999. 4. NON DISCLOSURE COMMENTS: I cannot confirm whether all revenue due to the Local Governments was actually paid to the Joint Accounts of the Local Government held in trust by the Account-General since the Ekiti State JAAC Law confers the auditing of the accounts in the Auditor-General (State). Similarly, Local Government Funds disbursed to the Ministry of Local Government and Chieftaincy Affairs, Bureau of Chieftaincy Affairs, the Accountant-
  5. 5. 5 General’s Office and probably others could not be confirmed to have been spent in the interest of the Local Governments since the accounts were not presented to the Auditor- General for Local Governments for audit. RECOMMENDATION: Necessary amendments should be made to the JAAC Law of Ekiti State to ensure that the account is audited by the proper organ while the MDAS to which Local Government funds are appropriated and enjoined to make the accounts kept in respect of such funds available to the Office of the Auditor-General for Local Governments for proper auditing. 5. STATE OF ACCOUNTS The Accounts of the Local Governments have been audited and reported upon as detailed in Appendix ‘A’. The domestic reports and the Auditor-General’s Report up to 31st December, 2016 have been issued on each Local Government, for necessary action. Particular attention is required to the followings; a. Bank Reconciliation Statements b. Unpaid salary advance c. Careless handling of Revenue Earning Receipt Booklets d. Missing revenue earning receipts e. Financial responsibilities of State to Local Governments f. State indebtedness on pension and gratuity g. Internally Generated Revenue h. Response to audit queries i. Capital projects j. Loss of Fund k. Illegal withdrawal from salary account l. Assets Valuation m. Amendment of JAAC Law. 6. BUDGET OVERVIEW AND PERFORMANCE: REVENUE: The Estimate made for Revenue in the year 2016 budget recorded a low performance. On Internally Generated Revenue, an Estimate was made for N1,042,825,634.70 while actual revenue recorded stood at N182,412,929.10. See Appendix ‘B’ and Notes 3,4,5,6,8 and 9 for details. This is about 17.5% performance. It
  6. 6. 6 would appear as if the sixteen Local Government Councils in Ekiti State relied unduly on Statutory Allocation as a result of which an average of N11,400,808.00 was realised as Internally Generated Revenue by each of the Local Government during the year. This performance was too low. In the same vein, a budget of N21,217,283,508.80 was made as revenue from Statutory Allocation during the year, of which an amount of N11,071,471,205.80 only was realised. This is 52.2% of the expected total revenue for the year. Details on Local Government basis are contained in Note 1. This wide gap portends an unrealistic budgeting in Local Governments of the State. It is the view of Audit that realistic parameters should be used in the preparation of Local Governments’ budgets. Equally it would do the Local Governments a lot of good if they try to look inwards in sourcing for funds. Over-reliance on Federal allocation on which they have little or no control over, would not augur well financially for the Local Governments. However, a total sum of N11,258,884,134.90 only was earned as total revenue as at 31st December, 2016 out of which only N182,412,939.72 was generated as independent revenue representing 1.62% by the Sixteen Local Governments. Besides, it was observed in the Financial Statements that a significant decline in the independent revenue of the 16 Local Governments was noticed when compared with year 2015 revenue generated. The Internally Generated Revenue Section of the Local Governments on which a lot of money was spent as salaries and allowances should be more alive to its duties. 7. INTERNAL CONTROL AND INTERNAL CHECKS: Despite the comments in my previous reports, it was crystal clear that the Internal Audit Department of the Local Governments was still not effective. No quarterly Internal Audit Report was rendered by any of them contrary to regulations. The placement of this department under the Accounting Officers of Local Governments has not helped matters, it only succeeded in making the department a pawn in the hands of the Local Governments’ Managements. The Internal Audit Department of Local Governments should be made independent by not being accountable to Management as it is currently done by the State Government.
  7. 7. 7 8. RECEIVABLES/PAYABLES A total sum of N1,948,851,629.99 and N1,518,626,628.89 accrued as receivables and payables respectively during the period under review. Audit observed that the irregular payment of salaries and wages in the financial year under review constituted the greater proportion of the payables noted in the financial statement. 9. VALUATION OF LOCAL GOVERNMENT’S ASSETS The underlisted Local Governments are yet to value their Assets, as at the time of writing this report. The assets are not disclosed in the statement of financial position since their fair value is not known yet. Exception to this is the construction/purchase of assets made in year 2015 and 2016 that were disclosed in some of the affected Local Governments: The affected Local Governments are: 1. Ekiti East 5. Ijero 2. Ise/Orun 6. Ilejemeje 3. Ekiti South West 7. Ikole 4. Emure 8. Moba 9. Irepodun/Ifelodun 10. INVESTMENT: The 16 Local Governments in Ekiti State have in their investment portfolios, shares and other business concerns amounting to N73,800,376.65 as at 31st December, 2016. This was said to be at cost and not at the current value. The amount could also, not be authenticated as some of the Local Governments could not present their share certificates on demand. In addition, details of the share holdings were not presented to Audit. 11. UNPRODUCED REVENUE EARNING RECEIPTS Comments: Details of Revenue Earning receipts which were issued to various Revenue Collectors across the Local Governments but not produced for audit check are detailed below.
  8. 8. 8 LIST OF UNPRODUCED REVENUE EARNING RECEIPTS S/N LOCAL GOVERNMENT TYPES OF RECIPTS/NO OF BOOKLETS 1 ADO 8GRR, 4FLAT RATE, 11 LOCAL RATE, 8 HOTEL LIQUOR, 7 MARKET TOOLS, 41 MOTOR PARKS 2. EMURE 3GRR, 2FLAT RATE, 1 LOCAL RATE 3. EKITI SOUTH WEST 3 FLAT RATE, 18 MARKET TOLLS, 2 TR 4. EKITI WEST 5 GRR, 29 FLAT RATE, 5 HOTEL LIQUOR, 52 MARKET TOOLS, 5 TENEMENT, 5 BIRTH CERTIFICATE, 11 DEVELOPMENT LEVY. 5. GBONYIN 22 GRR, 15 FLAT RATE, 11 MARKET TOLLS, 3 TENEMENT, 2 BIRTH CERTIFICATE 6. IDO/OSI 21 GRR, 6 FLAT RATE 7. IJERO 8 GRR, 6 FLAT RATE, 11 MARKET TOOLS, 20 ODADA REEIPTS, 1 TIPPER LOANDING RECEIPT 8. ILEJEMEJE 22 GRR, 5 FLAT, 5 TENEMENT RAE, 2 BIRTH CERTIFICAE, 3TR 9. IREPODUN/IFELODUN 2 GRR, 3 FLAT RATE, 17 MARKET TOLLS, 2 BIRTH CERTIFICATE 10. IKERE 2 GR, 1 FLAT RATEE, 4 LOCAL RATE, 2 BIRTH CERTIFICATE 11. ISE/OSUN 1GRR, 3 FLAT RATE, 4 LOCAL RATE 12. MOBA 25 GRR, 17FLAT RATE, 38 MARKET TOLLS, 5 TENEMENT RATE, 2 BIRTH CERTIFICATE 13. OYE 3 FLAT RATE, 1 TENEMENT RATE Recommendation: The Managements of the affected Local Governments should ensure that all revenue earning receipts in custody of these revenue collectors are made available for Audit check without delay. Meanwhile their salaries should be put on hold pending the production of the receipts; clearance must equally be obtained from the
  9. 9. 9 Office of Auditor General for Local Governments before the reinstatement of their salaries. 12. DISCREPANCIES IN THE TOTAL AMOUNT PURPORTEDLY RELEASED TO LOCAL GOVERNMENTS FROM JAAC AND THE AMOUNT RECEIVED BY LOCAL GOVERNMENTS, FOR THE YEAR ENDED 31//12/16 COMMENTS: Itemised below is the summary of the difference in the amount purportedly remitted to the accounts of some Local Governments by the Accountant-General and the amount the Local Governments claimed to hit their accounts during the period under review; S/N ITEMS AMOUNT IN ACCOUNTANT- GENERAL’S REPORT N AMOUNT IN LOCAL GOVERNMENTS RECORDS N DIFFERENCE N 1 Staff Salaries 4,253,312,965.51 3,845,160,841.46 408,152,124.05 2 Political Office Holders 578,682,338.89 474,846,296.73 103,836,042.16 3 Net Distributable 1,144,707,852.54 489,100,838.64 655,607,013.90 TOTAL 5,976,703,156.94 4,809,107,976.83 1,167,595,180.11 Recommendation: The Local Governments should liaise with the Accountant-General to put their records straight. Their discoveries should be made available to this Office for verification. 13. REVENUE NOT TOTALLY REMITTED Unremitted revenue amounting to N85,000.00 involving the following Officers of Ado Local Government was discovered during audit inspection carried out on the IGR account of the Local Government for the period 1st January to 2016 31st December, 2016. S/N NAME AMOUNT N 1 Olatunsin Remi 1,500.00 2 Olatunbosun Tope 82,000.00 3 Lukeman Jimoh 500.00 4 Bose Abe 1,000.00 TOTAL 85,000.00
  10. 10. 10 Recommendation: The sum of N85,000.00 should be recovered in full from the affected Officers and make available to this Office the particulars of recovery for verification. In addition, an appropriate sanctions should be meted on them. 14. 10% STATE IGR TO LOCAL GOVERNMENTS Comments: Statutorily, the State Government is supposed to remit to Local Government Councils, 10% of her Internally Generated Revenue. No amount was discovered paid to Local Governments in the year under consideration. This has in no small way hampered the operations of the Local Government Councils and constitutes a breach of the Constitution. The table below shows the cumulative indebtedness of the State Government to the Local Governments in the State as at 31st December, 2016. SUMMARY OF STATE GOVERNMENT’S IGR DUE TO LOCAL GOVERNMENTS S/N YEAR AMOUNT COLLECTED N AMOUNT DUE N AMOUNT PAID N BALANCE N REMARK 1 2014 7,327,233,743.73 732,723,374.37 33,567,706.49 699,155,667.88 2 2015 8,329,498,525.71 832,949,852.57 - 832,949,852.57 3 2016 5,625,292,591.21 562,529,259.12 - 562,529,259.12 TOTAL 21,282,024,860.65 2,128,202,486.06 33,567,706.49 2,094,634,779.57 Recommendation: Please, ensure immediate remittance of N2,094,634,779.57 to JAAC accounts. Also, the amount due for 2017 should be remitted on monthly basis. 15. MANAGEMENT OF LOCAL GOVERNMENT ASSETS Comments: A lot of Local Government assets are lost on regular basis due to careless usage, lack of maintenance, lack of spirit of continuity, cannibalization and lack of patriotism. These are attested to by the state of the following Local Governments’ assets; i) Secretariat buildings ii) Locked-up shops, iii) Motor vehicles iv) Primary school buildings under construction; v) Modern markets under construction vi) Allocated buildings at Irewolede Housing Estate vii) Unmaintained bore holes viii) Students’ hostels and warehouses
  11. 11. 11 ix) Health Centres x) Landed properties all over the state. xi) Plantations, xii) Poultry buildings, abandoned/ unused etc. xiii) Petrol Stations, (completed and under construction) xiv) Other investment assets like business Centre, Schools etc. Recommendations: To forestall total damage, further deterioration and outright loss of these assets, the Local Governments should compile the list of such assets in their domain and come up with the financial implications of putting them into useful state. In addition to this, Local Governments should open and update regularly fixed assets registers. This will help get abreast of all the assets of the Local Governments at any point in time. It will equally guide against loss of these assets. In accordance with best practices and the requirements of IPSAs accrual, these assets should be properly evaluated and built into the General Purpose Financial Statement of the Local Governments. 16. INABILITY OF THIS OFFICE TO GIVE OPINION ON ALL THE ACCOUNTS OF THE LOCAL GOVERNMENTS Comments: Against the provision of the Constitution of the Federal Republic of Nigeria and the well-articulated position of the current administration on autonomy of Local Governments, this Office is yet to have access to all the funds and expenditure of Ekiti State Local Governments. This is as a result of the provision of the Ekiti State JAAC law that ceded the auditing of the JAAC account to the State Auditor-General. It has been found that it is only in Ekiti State that this practice operates in the country. In addition, all funds released from JAAC accounts to State Agencies are equally not made available to this Office for checking. This deficiency has been brought to the notice of the Ministry of Justice since 20th August, 2015. I am still awaiting its concrete position Recommendations: In addition to amending section 6(1) of the State Joint Local Government Account and allocation of Revenue Law No 6 of 2005 which stipulates that “The Auditor-General of the State shall audit the State JAAC Account”. The followings are equally recommended;
  12. 12. 12 a) The JAAC account should in practice be a fund account from where no expenditure should be directly made. In funding joint projects, funds should first be transferred to Local Governments for the purpose of accountability. b) Separate account and cash books should be maintained by Agencies benefiting from the administrative fund of JAAC for onward transfer to Local Governments Auditor-General for checking and reporting. c) A very senior Career Officer of the Local Government Service should join the Accountant-General in the operation of the accounts. This Officer who should be in the Level of an Administrative Secretary should be a joint signatory to the account instead of two State Officers, currently being signatories’ i.e the Accountant-General and Permanent Secretary, Ministry of Local Governments Affairs. d) The pre-technical JAAC Committee should be re-instated. This would allow representatives of the Local Governments with that of the Accountant-General consider the relevant releases from the Accountant-General of the Federation before the technical JAAC committee meetings. 17. IPSAS COMPLIANCE Audit noted with satisfaction the rating of the Local Governments in Ekiti State as 5th out of the 36 States and Federal Capital Territory in respect of IPSAS compliance in Nigeria by the IPSAS Committee of the Office of the Accountant General for the Federation in the year 2015. While this is encouraging, the migration to IPSAS accrual is predicated on hard-work and continuous training. Recommendation: In order to sustain this feat, the need for continuous training is important. Audit recommends that IPSAS accrual training be made a serious matter by all the training organs in the Local Government Service. 18. CONTROL OVER EXPENDITURE: Disallowances have been raised for some expenditure made during the period under review through Audit queries amounting to N324,071,851.56. See appendix ‘ C ’ for summary and appendices ‘CI – C16’ for details. This
  13. 13. 13 also was a decrease compared with the amount of N347,964,163.90 reported for the year ended 31st December, 2015. These queries have been forwarded to the affected Local Governments for further necessary actions. It is advised that extant rules and regulations should always be followed in the operations of the Local Governments. Queries should also be promptly attended to whenever they are issued. 19. OUTSTANDING MATTERS FROM PREVIOUS REPORT. a. LOSS OF FUND COMMENTS: The following losses, details of which have been communicated to the affected Local Governments are still under correspondence. No further recovery has been reported to this office. LOCAL GOVT. YEAR AMOUNT OF LOSS N AMOUNT RECOVERED BALANCE N CULPRITS / COMMENTS Efon 2010 845,943.59 467,932.25 378,011.34 Mr Adaramodu and others Ekiti South West 2010 25,490,155.00 - 25,490,155.00 In Court Ijero 2010 258,400.00 - 258,400.00 Mr Bobadoye, Mr Esan Ijero 2010 102,800.00 - 102,800.00 Lawal Ibrahim, Ogundare Jide Ekiti South West 2013 140,000.00 - 140,000.00 Mrs. Abidakun Ado 2015 2,125,459.43 - 2,125,459.43 Miss. Lola Oladepo, Mr. Shola Oniyelu and Mr. Tafa Babatunde RECOMMENDATION: Efforts should be made to recover the sum of N54,089,927.11 from the affected officers jointly and severally without further delay in addition to appropriate sanctions.
  14. 14. 14 b) MISSING REVENUE EARNING RECEIPTS COMMENTS: The missing revenue earning receipts as detailed below would appear not recovered from Officers involved. SUMMARY OF MISSING REVENUE EARNING RECEIPTS IN THE 16 LOCAL GOVERNMENTS S/N NAME OF LOCAL GOVERNMENT AMOUNT OF LOSS OFFICERS INVOLVED 1 2 3 4 5 6 7. ADO EMURE EKITI SOUTH WEST GBONYIN IKOLE IREPODUN/IFELODUN ISE/ORUN 10GRR 20GRR IGRR 143 various types 86 different types 9GRR,8birth certificate 30 GRR Mr. Agun M.O, Mrs Ibitoye and Miss Lola Oladepo Mr. Oluwole Johnson Omolayo Mr. Agbaje G.O Mr. Peter Adelusi Mrs. Ipinlaye Mrs. Iyabo Fagbohun Mr. Owoeye Dada Samuel RECOMMENDATION The receipt booklets should be recovered from the affected officers jointly and severally without further delay in addition to appropriate sanctions c) MISSAPPLICATION OF FUND/ILLEGAL WITHDRAWAL FROM SALARY ACCOUNT: COMMENTS: A sum of N166,985,272.91 that were at various times withdrawn from the salary accounts of the Local Governments in year 2015 for non-salary related matters as detailed below would appear not paid back as at the time of writing this report.
  15. 15. 15 SUMMARY OF ILLEGAL WITHDRAWAL FROM SALARY ACCOUNT ON LOCAL GOVERNMENT BASIS FOR YEAR 2015. S/N NAME OF LOCAL GOVERNMENT AMOUNT WITHDRAWN 1 2 3 4 5 6 7 8 9 10 11 12 13 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IKOLE ILEJEMEJE IREPODUN/IFELODUN MOBA OYE 7,635,000.00 29,225,250.00 10,647,000.00 3,543,690.00 24,391,138.13 4,415,881.00 6,633,000.00 4,828,550.00 2,477,000.00 12,214,881.57 35,297,190.03 11,636,842.18 14,039,850.00 TOTAL 166,985,272.91 Please note that a total sum of N21,164,931.88 represent losses involving sum officials of the Local Governments from the above sum as detail below were yet to be recovered from them. Local Government Year Amount of loss (N) Amount recovered (N) Balance (N) Officials involved Efon 2015 1,398,865.83 - 1,398,865.83 Mrs. Ogunjobi E.M. Ekiti East 2015 2,191,954.43 - 2,191,954.43 Mrs. Ogunjobi E.M. and Mr. Ajayi Adebowale Gbonyin 2015 4,881,128.88 - 4,881,128.88 Mr. Olarewaju Olademeji Ido/Osi 2015 1,907,357.48 - 1,907,357.48 Mr. Ajayi Olubayo and Mr. Victor Ogunje Ikole 2015 1,111,000.00 - 1,111,000.00 Mr. Omole M.A. & Mrs Rufai M.A Irepodun/ifelodun 2015 7,242,399.15 - 7,242,399.15 Mr. Arowolo F.A. & Mr. Omolade J.O Ikere 2015 595,000.00 - 595,000.00 Mr. Fasanmi Oluremi.
  16. 16. 16 Ise/Orun 2015 1,837,226.11 - 1,837,226.11 Mr. Ayodele Folademi Moba 2015 884,063.80 - 884,063.80 Mr. Ajiboye (Sal. Accountant) Oye 2015 3,546,105.66 - 3,546,105.66 Mr. Victor Osanyinlusi & Mr. Gabriel Taiwo RECOMMENDATIONS: All efforts should be made to return the sum of N145,820,341.03 from the net distributable account to salary account without further delay. ii. That the sum of N21,164,931.88 should be recovered from the affected officials jointly and severally without delay, in addition to appropriate sanctions. d) Unpaid Salary Advance COMMENT: A sum of N2,003,935.10 that were at various times granted to some Political Office Holders and Career Staff of some Local Governments in year 2015, are still outstanding. Details of these are as shown below: S/N NAME OF LOCAL GOVERNMENT NAME AMOUNT REMARKS 1 Ido/Osi Mr. Folademi & Arolasuyi O. 200,000.00 O/S 2 Ikere Mr. Oladunjoye L.S 353,785.14 “ 3 Ilejemeje Mr. Adedoyin J.O & Others 1,275,149.96 “ 4 Oye Political Office Holders 175,000.00 “ TOTAL 2,003,935.10 Recommendation: Effort should be made to deduct the said sum of money from the salaries/ severance allowance of the affected people without further delay.
  17. 17. 17 (f). Non-payment of statutory audit fees by Local Governments (N7,600,000.00) up till year 2015 is as detailed below: S/N LOCAL GOVERNMENT AMOUNT 1 Ado 500,000.00 2 Efon 500,000.00 3 Emure 500,000.00 4 Ekiti East 300,000.00 5 Ekiti Southwest 500,000.00 6 Ekiti West 500,000.00 7 Ikole 500,000.00 8 Ise/Orun 300,000.00 9 Ikere 500,000.00 10 Irepodun/Ifelodun 500,000.00 11 Ido/Osi 500,000.00 12 Ijero 500,000.00 13 Ilejemeje 500,000.00 14 Moba 500,000.00 15 Oye 500,000.00 16 Gbonyin 500,000.00 Total 7,600,000.00 Recommendation: The recovery of this amount had been referred to the State Accountant-General and the State Board of Internal Revenue for necessary action.
  18. 18. 18 g. The following matters in respect of meeting the State obligations from Local Government Fund contained in my 2015 report have not been rectified. i. State pensioners payment N72,180,912.42 ii. Purchase and distribution of 156 vehicles N260,406.00 Recommendation: All recommendations in the previous report should be adhered to without further delay. (h) Biometric Contract of Ekiti State Local Governments (N413,000,000.00) COMMENTS: All irregularities discovered as contained in previous report would appear not attended to as at the time of writing this report. Recommendations: Immediate actions should be made to address the issues raised by the Audit on this contract vide my previous correspondences with the Ministry of Local Governments and Chieftaincy Affairs. The overpayment on the contract should be recovered and paid into JAAC account. i) Direct Payments from JAAC Central Account The following payments were made directly from the central JAAC account since year 2013 to contractors contrary to laid down regulations. No comments had been received from the Accountant General for this breach.  Internal Security - 144,500,000.00  State Pavilion - 323,905,161.75  Dredging of Water Way - 104,308,640.00  Biometric Contract - 165,000,000.00 737,713,801.75
  19. 19. 19 j) Other issues includes: i) Remittances of fund to SUBEB other than Primary School Teachers’ salaries N565,094,714.72 ii) State indebtedness on Local Government Pension and Gratuity N2,993,134,058.36 iii) Loan to Ekiti State Government on Operation Renovate all Schools in Ekiti State ORASE N1,549,849,685.00 iv) Discrepancies between the amount purportedly released to the Local Government by the Accountant-General and the actual amount claimed to be received by the Local Governments. The summary is as detailed below; S/N YEAR AMOUNT IN ACCOUNTANT- GENERAL ACCOUNT AMOUNT CLAIMED TO BE RELEASED DIFFERENCE 1 2011 27,026,405,387.77 14,001,340,877.80 13,025,064,509.90 2 2012 28,223,948,677.95 14,275,604,901.57 13,948,343,776.64 3 2013 30,914,773,261.82 14,655,109,174.05 16,259,664,087.80 4 2014 27,014,324,488.97 14,231,221,183.30 12,783,103,305.60 5 2015 10,593,108,504.30 8,263,807,275.84 2,329,301,228.46 TOTAL 123,772,560,320.81 65,427,083,412.56 58,345,476,908.40 LOCAL GOVERNMENT ABONDONED PROJECTS Comment: Some projects carried out centrally in the 16 Local Governments are currently abandoned, even after millions of naira had been expended on them. They are; i. Construction of Primary School buildings - ii. 5 kilometre roads iii. Neighbourhood market Details of these projects are contained in various previous audit reports
  20. 20. 20 Recommendation: Efforts should be geared towards the completion of these projects so that the financial outlay of Local Governments on them will not be in vain. Ade-Ojo, Richard Adebayo, mni, Auditor-General for Local Governments, Ekiti State. FRC/2016/ANAN/00000015210
  21. 21. 21 CONSOLIDATED STATEMENT OF FINANCIAL POSITION OF SIXTEEEN LOCAL GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 Notes 2016 2016 2015 2015 N N N N ASSETS Current Assets Cash and its Equivalents 26 480,276,859.39 222,374,861.31 Receivables 27 1,948,851,629.99 473,589,584.88 Prepayments 28 2,448,224.67 - Inventories 29 17,633,572.00 11,267,835.25 Total Current Asset 2,449,210,286.05 707,323,281.44 Non-Current Assets Long Term Loans 30 - - Investments 31 73,800,376.65 74,508,910.65 Property, Plant & Equipment 32 5,670,578,047.70 4,329,591,231.38 Investment Property 33 416,932,500.00 109,169,444.44 Intangible Assets 34 112,480,000.00 - Total Non-current Assets 6,273,790,924.35 4,513,269,586.47 Total Assets 8,773,001,210.40 5,220,501,867.90 LIABILITIES Current liabilities Deposits 35 - 1,457,210.36 Accrued Expenses 36 1,072,346,806.17 - Short term loan 37 3,800,000.00 2,330,000.00 Unremitted deductions 38 39,440,024.84 4,628,866.36 payables 39 1,518,626,628.89 864,088,366.78 Current portion of Borrowings 872,504,443.50 Total Current Liabilities 2,634,213,459.90 Non - Current Liabilities Public Funds 41 1,173,028,566.86 79,952,594.34 Long Term Provisions 42 - - Long Term Borrowings 43 101,385,539.10 - Total Non- Current Liabilities 1,274,414,105.96 79,952,594.34 Total Liabilities 3,908,627,565.86 952,457,037.84 NET ASSETS 4,864,373,644.54 4,268,044,830.66 NET ASSETS/EQUITY NET SURPLUS 44 - Reserves 45 4,723,185,631.74 4,268,044,830.66 Accumulated Surpluses(Deficits) 46 141,188,012.80 Minority Interest 47 Total Net Assets/Equity: 4,864,373,644.54 4,268,044,830.66
  22. 22. 22 CONDOLIDATED STATEMENT OF FINANCIAL CASHFLOW FOR SIXTEEN LOCAL GOVERNMENTS OF EKITI STATE FOR THE YEAR ENDED 31ST DECEMBER, 2016 Description Notes 2016 2015 N N N N CASH FLOW FROM OPERATING ACTIVITIES Inflows Government Share of FAAC(Statutory Revenue) 1 11,071,471,205.80 9,798,618,040.29 Government Share of VAT 2 - - Tax Revenue 3 63,287,633.21 21,140,365.39 Non-Tax Revenue 4 68,843,762.83 88,586,828.41 Investment income 5 11,041,848.67 22,436,562.14 Interest earned 6 887,658.73 Aids & Grants 7 - Debts forgiveness 8 69,955.86 Other Revenue 9 38,282,070.00 5,283,763.45 Transfer from other Governments Entities 10 Total inflow from Operating Activities 1 11,253,884,134.90 9,936,065,559.68 Out flows Salary & Wages 11 9,625,946,774.82 9,582,860,474.60 Social benefits 12 18,111,324.49 - Overhead cost 13 868,457,564.45 359,620,357.79 Grants & contribution 14 18,116,000.00 - Subsides 15 Transfer to other Government entities 16 Financial cost 17A 79,197.00 Total outflow from operating activities 10,530,710,860.70 9,942,480,832.39 Net cash flow/(Outflow) from Operating Activities 1 723,173,274.20 (6,415,272.70) CASH FLOW FROM INVESTING ACTIVITIES Proceeds from sale of PPE 17B 7,499,700.00 Proceeds from sales of investment property Proceeds from sale of intangible Assets Proceeds from sale of investment Dividends Received 730,672,974.20 Purchase of PPE 24 489,936,284.72 265,301,759.32 Purchase construction of investment Property Purchase of intangible Assets Acquisition of investment Cash Flow from investing Activiti Net Cash Flow from investing Activities 240,736,689.48 (271,717,032.02)
  23. 23. 23 Description Notes 2016 2015 N N N N CASH FLOW FROM FINANCING ACTIVITIES Capital Grant Received 44 17,165,308.60 - Proceeds from Borrowings Repayments of Borrowings Distribution of surplus/Dividends paid Net Cash flow from financing Activities (271,717,032.02) Net Cash Flow from all activities 257,901,998.08 (271,717,032.02) Cash & its Equivalent as at 1/1/2016 2 222,374,861.31 494,091,893.33 Cash & its Equivalent as at 31/12/2016 480,276,859.39 222,374,861.31
  24. 24. 24 CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE OF SIXTEEN LOCAL GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 Actual 2015 Notes Actual 2016 FINAL BUDGET Variance on final Budget N N N REVENUE 9,798,618,040.29 Government Share of FAAC(Statutory Revenue) 1 11,071,471,205.80 21,217,283,508.80 (10,145,812,303.00) - Government Share of VAT 2 - - 21,140,365.39 Tax Revenue 3 63,287,633.21 500,718,752.80 (437,431,119.59) 88,586,828.41 Non- Tax Revenue 4 68,843,762.83 186,269,751.40 (117,425,988.57) 22,436,562.14 Investment Income 5 11,041,848.67 226,109,600.00 (215,067,751.33) Interest Earned 6 887,658.73 50,000.00 (837,658.73) Aid & Grants 7 - - 5,283,763.45 Subsides received 8 69,955.86 105,040,004.00 (104,970,048.14) Other Revenues (SALES OF ASSET) 9 38,282,070.00 24,637,526.52 (13,644,543.48) Transfer from other Government Entities 10 9,936,065,559.68 Total Revenue 11,253,884,134.90 22,260,109,143.50 (11,006,225,008.50) EXPENDITURE 9,582,860,474.60 Salaries & wages 11 9,625,946,774.82 15,733,753,647.47 6,171,673,060.70 - Social Benefits 12 18,111,324.49 46,686,200.39 28,574,875.90 359,620,357.79 Overhead Cost 13 868,457,564.45 2,411,289,178.06 1,542,836,613.61 Grants & Contributions 14 18,116,000.00 125,000,000.00 106,884,000.00 Financial cost 17 79,197.00 - Depreciation Charges 18 - - Impairment Charges 19 - - Amortization Charges 20 - - Bad Debts Charges 21 - - Public debt charge 22 - - - Transfer to other Government entities 16 - - 9,942,480,832.39 Total Expenditure 10,530,710,860.70 18,316,729,025.70 (6,415,272.70) Surplus/(deficit) from Operating Activities for the period 723,173,274.20 3,943,380,117.80 (3,156,256,458.40) Gain/Loss on Disposal of Asset 23 7,499,700.00 - Gain/Loss on foreign Exchange Transaction 24 - Share of surplus(Deficit) in Associates & Joint Ventures 25 - - Total Non-
  25. 25. 25 Operating Revenue(Expenses) (6,415,272.70) Surplus/(Deficit) from Ordinary Activities 730,672,974.20 3,943,380,117.30 (3,212,707,143.60) Minority Interest Share of surplus/(Deficit) (f) 25 (6,415,272.70) Net Surplus/ (Deficit) for the period 730,672,974.20 3,943,380,117.80 (3,212,707,143.60)
  26. 26. 26 CONSOLIDATED POSITION OF REVENUE FOR THE SIXTEEN LOCAL GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Statutory Allocation Tax Revenue Non – Tax Revenue Investment Income Interest earned Subsides Received Other Revenue Capital Grant Received Proceed from sales of PPE 1 3 4 5 6 8 9 44 11,071,471,205.80 63,287,633.21 68,843,762.83 11,041,848.67 887,658.73 69,955.86 38,282,070.00 17,165,308.60 7,499,700.00 Total 11,278,549,143.50
  27. 27. 27 CONSOLIDATED POSITION OF EXPENDITURE FOR THE SIXTEEN LOCAL GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Salaries and wages Social Benefits Overhead cost Grants and contribution Financial cost Purchase of PPE 11 12 13 14 17 24 9,625,946,774.82 18,111,324.49 868,457,564.45 18,116,000.00 79,197.00 489,936,284.72 TOTAL 11,020,647,145.40
  28. 28. 28 NOTE 1 DETAILS OF GOVERNMENT SHARE OF FAAC (STATUTORY REVENUE) IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 731,915,575.59 1,163,759,715.07 450,702,840.09 1,401,785,567.49 717,753,942.39 393,804,691.61 563,863,259.58 613,953,460.58 546,271,131.69 596,392,563.36 504,585,752.38 528,558,977.00 871,413,135.25 639,125,087.63 524,605,965.41 822,979,540.70 744,659,406.72 438,558,579.00 399,972,585.53 826,110,106.81 545,876,216.29 656,890,334.47 632,370,324.36 601,862,304.01 589,863,456.31 836,932,611.11 677,727,318.94 377,192,472.33 910,457,219.91 578,065,202.29 484,067,130.64 498,012,371.57 TOTAL 11,071,471,205.80 9,798,618,040.29
  29. 29. 29 NOTE 3 DETAILS OF TAX REVENUE IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 31,909,997.84 459,776.95 142,885.26 788,660.00 40,200.00 3,855,767.57 1,862,200.00 731,090.00 196,960.00 10,008,578.11 - 267,190.00 285,900.00 5,217,791.00 702,036.48 6,818,600.00 624,836.83 679,198.79 98,500.00 - 815,311.80 2,049,480.76 500,000.00 1,014,230.00 415,021.43 1,910,068.71 - 816,860.00 4,216,030.54 3,519,300.00 968,130.53 3,513,296.00 TOTAL 63,287,633.21 21,140,365.39
  30. 30. 30 NOTE 4 DETAILS OF NON-TAX REVENUE IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 2,524,650.00 4,748,660.00 4,598,605.00 13,299,230.00 4,743,066.14 7,120,040.00 4,879,051.00 1,829,846.69 2,303,974.00 7,793,130.00 2,904,180.00 3,908,670.00 1,668,480.00 3,582,180.00 2,940,000.00 39,495,881.71 1,613,650.00 4,324,881.53 1,480,000.00 6,591,130.00 63,850.00 4,942,568.90 9,677,404.98 4,956,740.00 1,000,000.00 3,838,250.00 2,979,210.00 931,440.00 2,393,400.00 2,490,690.00 3,717,800.00 TOTAL 68,843,762.83 88,586,828.41
  31. 31. 31 NOTE 5 DETAILS OF INVESTMENT INCOME IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 181,450.00 616,100.00 - - 493,206.16 - 1,893,965.00 1,281,310.00 - 4,830,290.00 - 1,745,527.51 - - - - 287,500.00 5,540,000.00 - - 5,350,000.00 - 5,228,200.00 - - 5,181,142.43 - - - - 849,719.71 TOTAL 11,041,848.67 22,436,562.14
  32. 32. 32 NOTE 6 DETAILS OF INTEREST EARNED BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 308.48 - - - - - 110.25 - - 887,240.00 - - - - - TOTAL 887,658.73
  33. 33. 33 NOTE 8 DETAILS OF DETAILS OF DEBT FORGIVENESS BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - - - 69,955.86 - - - - - - - - - - - - - - - - - - - - - - - - TOTAL 69,955.86
  34. 34. 34 NOTE 9 DETAILS OF OTHER REVENUE MADE BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - 791,390.00 - - - - - 32,390,680.00 - - - - - - - - - 1,303,296.68 1,034,000.00 - - - - 2,946,466.77 - - - - - - TOTAL 38,282,070.00 5,283,763.45
  35. 35. 35 NOTE 11 DETAILS OF ACTUAL SALARIES AND WAGES FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 621,820,620.39 826,695,867.16 380,102,223.53 1,339,330,621.14 656,443,384.00 316,651,343.79 482,438,616.13 545,587,500.26 506,104,033.91 524,153,603.92 477,307,181.26 446,857,752.00 820,220,850.00 515,080,776.27 441,977,037.86 725,375,363.20 726,017,583.55 447,313,700.00 380,634,171.81 808,039,563.23 516,882,764.76 654,934,312.41 638,499,769.53 570,012,827.09 564,041,576.79 862,432,199.63 661,542,763.03 340,449,324.27 867,391,997.01 582,101,058.03 481,414,490.31 489,580,925.79 TOTAL 9,625,946,774.82 9,582,860,474.60
  36. 36. 36 NOTE 12 DETAILS OF ACTUAL SOCIAL BENEFIT FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - 5,470,000.00 - 11,470,324.90 - - - - - - - 1,171,000.00 - - - - - - - - - - - - - - - - - - TOTAL 18,111,324.49
  37. 37. 37 NOTE 13 DETAILS OF ACTUAL OVERHEAD COST FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 85,120,881.20 51,068,950.00 28,988,765.55 43,000,000.00 60,995,240.44 42,690,082.50 76,715,741.87 37,724,447.09 51,326,520.00 84,053,614.90 26,249,025.00 57,117,692.00 26,610,871.00 75,309,700.00 47,451,311.99 74,034,720.91 57,897,332.14 15,395,200.00 12,770,050.00 11,634,400.00 19,659,505.46 22,002,352.09 27,335,352.01 13,936,529.21 21,094,200.00 21,625,502.14 13,427,074.84 40,714,225.65 25,327,071.75 21,400,258.00 15,430,900.00 28,970,105.00 TOTAL 868,457,564.45 359,620,357.79
  38. 38. 38 NOTE 14 DETAILS OF GRANTS AND CONTRIBUTION MADE TO OTHER GOVERNMENT AGENCIES BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 3,412,500.00 - - 2,280,000.00 3,100,000.00 - 3,187,500.00 - - - - - 6,136,000.00 - - - - - - - - - - - - - - - - - - TOTAL 68,843,762.83
  39. 39. 39 NOTE 17A DETAILS OF FINANCIAL COST BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - - - - - - - 79,197.00 - - - - - - - - - - - - - - - - - - - - TOTAL 79,197.00 -
  40. 40. 40 NOTE 17B PROCEEDS FROM SALES OF PPE IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 858,000.00 - - - 6,000,000.00 - - - - - - - - 641,700.00 - - - - - - - - - - - - - - - - - - TOTAL 7,499,700.00 -
  41. 41. 41 NOTE 18 DETAILS OF DEPRECIATION CHARGES IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - - - - - - - 2,649,096.00 - - - - - - - - - - - - - - - - - - - - TOTAL 2,649,096.00 -
  42. 42. 42 NOTE 24 DETAILS OF ACTUAL PURHCASE/CONSTRCTION OF PROPERTY, PLANT AND EQUIPMENT FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 40,848,176.94 88,244,818.19 25,821,073.34 20,720,205.09 12,170,660.71 32,340,119.90 24,064,781.39 18,493,110.69 - 31,667,327.67 39,229,759.12 23,989,508.00 29,187,963.18 35,681,745.36 29,233,891.94 38,243,143.20 22,362,079.00 5,983,358.64 11,556,031.00 11,745,031.85 39,194,479.89 17,251,135.10 20,040,714.00 45,397,068.41 12,675,343.97 10,907,083.00 15,362,069.00 7,254,607.15 18,282,596.91 9,934,585.91 9,885,357.15 7,470,218.34 TOTAL 489,936,284.72 265,301,759.32
  43. 43. 43 NOTE 26 POSITION OF CASH AND ITS EQUIVALENTS FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 23,578,844.40 185,588,097.87 45,685,573.35 12,238,376.81 8,112,020.66 24,326,553.72 31,601,872.65 19,133,706.06 19,418,634.93 18,119,861.97 20,853,484.19 11,567,786.10 5,944,224.38 25,891,375.39 19,487,170.16 8,729,276.71 6,684,949.52 1,024,069.76 30,165,165.92 2,822,354.41 2,907,933.88 10,516,384.65 42,537,451.87 2,718,579.12 36,079,096.38 18,898,617.99 21,948,542.61 10,530,684.10 4,630,676.66 12,617,538.39 9,259,230.06 9,033,585.98 TOTAL 480,276,859.39 222,374,861.31
  44. 44. 44 NOTE 27 POSITION OF RECEIVABLES FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 383,627,535.80 60,027,525.65 - - 60,000.00 774,790,938.87 - 728,470,983.53 - 353,785.14 - 569,461.00 - - - 951,400.00 - - - - - 473,235,799.74 - - - 353,785.14 - - - - - - TOTAL 1,948,851,629.99 473,589,584.88
  45. 45. 45 NOTE 28 POSITION OF PREPAYMENTS FOR THE 16 LOCAL GOVERNMENTS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - 2,291,666.67 - - - - - 156,558.00 - - - - - - - - - - - - - - - - - - - - TOTAL 2,448,224.67 -
  46. 46. 46 NOTE 29 POSITION OF INVENTORIES FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 796,124.00 513,000.00 - - 251,000.00 13,162,709.00 - 732,484.00 - - - - - - - 2,178,255.00 - - - - - 11,267,835.25 - - - - - - - - - - TOTAL 17,633,572.00 11,267,835.25
  47. 47. 47 NOTE 31 POSITION OF INVETMENT IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 526,209.00 - 880,250.00 - 1,650,000.00 1,000,000.00 40,235,948.00 - 11,381,242.65 15,926,327.00 2,200,400.00 - - - - - 526,209.00 - 880,250.00 708,534.00 1,650,000.00 1,000,000.00 40,235,948.00 - 11,381,242.65 15,926,327.00 2,200,400.00 - - - - TOTAL 73,800,376.65 74,508,910.65
  48. 48. 48 NOTE 32 POSITION OF PROPERTY, PLANT, AND EQUIPMENT FOR THE SIXTEEN LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 980,242,601.00 930,350,000.00 45,685,573.35 20,720,205.09 12,170,660.77 264,181,921.19 380,000,000.00 1,461,614,802.00 - 985,565,712.70 39,229,759.12 6,359,762.00 29,187,963.18 35,681,745.36 29,233,891.94 450,353,450.00 939,394,424.06 842,105,181.81 24,387,150.42 11,745,031.85 - 280,687,077.96 355,935,218.61 1,443,121,691.32 - - - 6,359,762.00 18,302,591.91 9,934,585.91 9,895,357.15 412,110,308.80 TOTAL 5,670,578,047.70 4,329,591,231.38
  49. 49. 49 NOTE 33 POSITION OF INVESTMENT PROPERTY IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 102,000,000.00 - - - 98,252,500.00 - 216,680,000.00 - - - - - - - - - - - - - 109,169,444.44 - - - - - - - - - - TOTAL 416,932,500.00 109,169,444.44
  50. 50. 50 NOTE 34 POSITION OF INTANGIBLE ASSETS FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - 112,480,000.00 - - - - - - - - - - - - - - - - - - - - - - -- -- - - TOTAL 112,480,000.00 -
  51. 51. 51 NOTE 35 POSITION OF DEPOSIT IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - - - - - - - - - - - - 729,700.00 - - - - - - - 727,510.36 - - - - - - - TOTAL 1,457,210.36
  52. 52. 52 NOTE 36 POSITION OF ACRUED EXPENSES IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 974,014,458.67 - - - - - 98,332,347.50 - - - - - - - - - - - - - - - - - - - - - - - - TOTAL 1,072,346,806.17
  53. 53. 53 NOTE 37 POSITION OF SHORT TERM LOANS AND DEBT FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - 3,800,000.00 - - - - - - - - - - - - - - - 2,330,000.00 - - - - - - - - - - TOTAL 3,800,000.00 2,330,000.00
  54. 54. 54 NOTE 38 POSITION OF UNREMITTED DEDUCTION FOR THE 16 LOCAL GOVERNMENTS COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 6,635,286.40 - - - 10,428,049.74 - 21,623,069.23 - 753,619.47 - - - - - - - - - - - 4,263,816.14 - - - 365,050.22 - - - - -- - TOTAL 39,440,024.84 4,628,866.36
  55. 55. 55 NOTE 39 POSITION OF PAYABLES FOR THE SIXTEEN LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 387,856,380.37 25,238,420.67 - - 7,979,638.67 142,132,369.65 - 725,000,983.53 - - - 230,418,836.00 - - - - - - - - - 864,088,366.78 - - - - - - - - - - TOTAL 1,518,626,628.89 864,088,366.78
  56. 56. 56 NOTE 41 POSITION OF PUBLIC FUND IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - 45,685,573.35 12,238,376.81 - - 31,601,872.65 - - 1,011,326,489.93 20,853,484.19 - 5,944,224.38 25,891,375.39 19,487,170.16 - - - 24,387,150.42 2,822,354.41 - - 26,970,512.24 - - - - - 4,610,675.66 12,617,538.39 - 8,544,363.22 TOTAL 1,173,028,566.86 79,952,594.34
  57. 57. 57 NOTE 43 POSITION OF LONG TERM BORROWING IN THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST DECEMBER, 2016. S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - 101,385,539.10 - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - TOTAL 101,385,539.10 -
  58. 58. 58 NOTE 44 DETAILS OF CAPITAL GRANT RECEIVED BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2015 AND 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE - - - - - 17,165,308.60 - - - - - - - - - - - - - - - 13,552,893.15 - - - - - - - - - - TOTAL 17,165,308.60 13,552,893.15
  59. 59. 59 NOTE 46 POSITION OF ACCUMULATED SURPLUSES/DEFICITS FOR THE16 LOCAL GOVERNMENT COUNCIL OF EKITI STATE AS AT 31ST DECEMBER, 2016 S/N NAME OF LOCAL GOVERNMENT AMOUNT 2016 (N) AMOUNT 2015 (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 20,146,124.83 - - - 8,561,887.97 112,480,000.00 - - - - - - - - - - - - - - - - - - - - - - - - - - TOTAL 141,188,012.80
  60. 60. 60 CONSOLIDATED TRIAL BALANCE OF SIXTEEN LOCAL GOVERNMENTS OF EKITI STATE AS AT 31ST DECEMBER, 2016 DETAILS NOTES DR (N) CR (N) Salaries and wages Overheads Social Benefits Receivables Prepayments Inventory Inventory (financial) PPE Investment Property Intangible Assets Cash and Cash Equivalents Statutory Allocation Independent Revenue (Tax) Independent Revenue (Non Tax) Investment Income Other revenue Accrued Expenses Unremitted deductions Payables Short term provisions Long term borrowings Gain on disposal Reserves 11 13 12 27 28 29 31 32 33 34 26 1 3 4 5 6,8&9 36 37 38 39 43 17b 45 9,625,946,774.82 868,457,564.45 18,111,324.49 1,948,851,629.99 2,448,851,629.99 17,633,572.00 73,800,376.65 2,708,826,234.10 416,932,500.00 112,480,000.00 480,276,859.39 11,071,471,205.80 63,287,633.21 68,843,762.83 11041,848.67 39,239,684.59 1,072,346,806.17 3,800,000.00 39,440,024.84 1,518,626,628.89 101,385,539.10 7,499,700.00 4,723,185,631.74, Total 18,720,168,465.40 18,720,168,465.40
  61. 61. 61 FISCAL OPERATION REPORTS (FOR) FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE 1. STATUTORY ALLOCATIION: TOTAL REVENUE (i) 11,071,471,205.80 x 100% 11,253,884,134.90 = 98.4% This indicated that Statutory Allocation takes 98.4% of a total Revenue of all the 16 Local Government Councils of the State. It, means, Independent Revenue takes 1.6%. this is not good enough as this indicates that Local Governments rely solely on Statutory Allocation. Effort should be made on how the independent revenue would be improved upon. These can be improved upon by: (a) Exploring all opportunities around the Local Governments (b) Setting target for the Revenue Collectors (c) Effective Supervision of Revenue Collectors by their Supervisors (d) Bye law to be reviewed to meet the text of time (e) Provision of necessary incentives such as logistics, vehicles, security to motivate the Revenue Collectors (f) Revenue generation items taken over by the State should be returned to Local Governments 11,071,471,205.80 ________________x 3600 = 354.20 11,253,884,134.90 (ii) Total Independent Revenue: Total Revenue
  62. 62. 62 182,407,929.30 ______________x 3600 = 5.80 11,253,884,134.90 The pie chart is reflected as shown below (a) Revenue Pie Chart Expenditure Pie Chart Measure to 5.80 310 29.60 Personnel Accountant Analysis, 2016 Overhead Statutory Allocation = 354.20 Social benefit Independent Revenue = 5.80 Grants & contribution Financial cost 2i PERSONNEL: Total Recurrent Expenditure = 9,625,946,774.82 ________________x 100% = 91.4% 10,530,710,860.70 = 9,625,946,774.82 ________________x 3600 = 3290 10,530,710,860.70 Therefore, the salaries and wages takes 91.4% out of the recurrent expenditure in the Local Governments, this implies that the Local Governments cannot carry out any constitutional function while the 8.6% was allocated to other expenditures.
  63. 63. 63 ii. Overhead Cost: Total Recurrent Expenditure 868,457,564.45 _____________x 100 = 8.2% x 3600 = 29.60 10,530,720,860.70 1 iii Social benefits: Total Recurrent Expenditure = 18,111,324.49 ______________ x 100% = 0.17% = 0.60 10,530,710,860.70 iv Grants and Contribution: Total Recurrent Expenditure = 18,116,000.00 ______________x 100% = 0.17% = 060 10,530,710,860.70 v. 7,499,700.00 ______________x 100% = 0.07% = 0.20 10,530,710,860.70 3i Personnel: Total Revenue 9,625,946,774.82 ________________x100% = 85% x 3600 =3060 11,253,884,134.90 This indicates that 85% of total revenue went to salaries and wages. This account had low performance at the Local Government level. ii. Total Revenue : Total Recurrent Expenditure 11,253,884,134.90 ________________x 100% = 106% 10,530,710,860.20 Revenue was more than total recurrent expenditure by 0.6%. This implies that the sunk of the revenue went for recurrent expenditure. Total Capital Expenditure: Total revenue. iii. Total Revenue: Total Capital Expenditure 489,936,284.72 ______________x 100 11,253,884,134.90 = 4.35%
  64. 64. 64 Tis indicate that out of the total revenue only 4.35% went for Capital Expenditure indicates the performance of the Government and spoke on the physical outlook of the Secretariat. iii. Cash: Total Asset 480,276,859.39 _______________x 100 = 5.5% 8,773,001,210.40 This indicate cash at hand was only 5.5% of the total asset. This implies less cash at hand and was good for the system. iv. Total Asset: Total Liability 8,773,001,210.40 ________________x 100 = 2.240 3,908,627,565.86 Total asset was 2.24 times higher than total liabilities, this implies that there were enough assets to pay back liabilities, be it as it may; the creditors were secure with sufficient assets.
  65. 65. 65 APPENDIX A POSITION OF ACCOUNTS S/N LOCAL GOVERNMENT INSPECTION REPORT ANNUAL FINANCIAL STATEMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016
  66. 66. 66 APPENDIX B FINAL BUDGET FOR THE 16 LOCAL GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 S/ N LOCAL GOVT. STATUTORY ALLOCATION 1 TAX REVENUE 2 NON TAX REVENUE 3 INVENTMENT INCOME 4 INTEREST EARNED 5 AID & GRANT 6 OTHER REVENUE 7 SALARIES & WAGES 8 SOCIAL BENEFIT 9 OVERHEAD COST 10 GRANT/ CONT. 11 00 105,04 1 ADO 2,471,381,506.00 76,250,000.00 - - - - - 865,114,384.00 - 99,755,100.00 - 2. EFON 1,875,840,000.00 3,850,300.00 8,153,850.00 2,600,000.00 50,000.00 65,040,004.00 70,000.00 1,093,468,214.61 - 111,566,000.00 - 3 EMURE 1,200,000,000.00 400,000.00 9,285,000.00 1,300,000.00 - - - 681,660,743.34 - 61,010,000.00 4. EKITI EAST 1,400,000,000.00 5,200,000.00 - - - - - 1,344,800,621.14 - 72,920,000.00 - 5 EKITI S/WEST 1,800,000,000.00 280,000,000.00 16,000,000.00 186,172,600.00 - - - 937,172,600.00 92,000,000.00 124,300,000.00 90,000,000.00 6 EKITI WEST 1,454,118,176.48 3,609,455.00 4,797,291.40 4,165,000.00 - - - 748,710,567.54 45,686,200.39 5,000,000.00 7 GBONYIN 721,510,000.00 7,627,890.00 8,862,110.00 - 1,779,957,892.49 998,354,610.85 8. IDO/OSI 1,639,102,179.00 4,480,000.00 15,410,000.00 7,110,000.00 912,388,221.20 96,500,000.00 9. IJERO 1,800,000,000.00 8,520,000.00 18,887,000.00 - 748,119,549.47 60,500,000.00 - 10 IKERE 1,221,53,382.26 45,540,000.00 - - 5,000,000.00 1,375,965,432.30 61,360,000.00 30,000,000.00 11 IKOLE 1,257,448,308.36 23,062,492.43 - 8,000,000.00 639,234,215.59 40,653,322.62 - 12 ILEJEMEHE 1,089,000,000.00 7,938,500.00 4,697,500.00 - 491,546,513.44 132,050,000.00 - 13 IREPODUN/IF ELODUN 1,809,500,000.00 4,400,00.00 26,862,000.00 16,760,000.00 1,549,155,513.44 243,897,551.14 - 14 ISE/ORUN 1,262,000,000.00 25,100,115.37 22,500,000.00 - - - - 906,570,588.58 - 124,298,776.43 - 15 MOBA 1,040,000,000.00 5,000,000.00 14,515,000.00 - - - - 654,064,300.00 - 116,200,000.00 - 16 OYE 1,644,759,081.40 3,700,000.00 36,300,000.00 - 19,567,526.52 1,009,823,711.00 - 67,923,817.02 - TOTAL 21,217,283,508.80 500,718,752.80 186,269,751.40 226,109,600.00 50,000.00 105,040,004.00 24,637,526.52 15,733,753,647.47 46,686,200.39 2,411,289,178.06 125,000,000.00
  67. 67. 67 APPENDIX C SUMMARY OF 2016 AUDIT QUERIES ON LOCAL GOVERNMENT BASIS S/N NAME OF LOCAL GOVERNMENT AMOUNT (N) 2016 AMOUNT (N) 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ADO EFON EMURE EKITI EAST EKITI SOUTH WEST EKITI WEST GBONYIN IDO/OSI IJERO IKERE IKOLE ILEJEMEJE IREPODUN/IFELODUN ISE/ORUN MOBA OYE 24,473,047.24 10,2420,725.73 24,742,958.17 34,084,714.31 21,878,330.50 10,280,905.40 17,775,559.97 5,870,612.50 51,166,203.54 61,666,185.13 13,2354,335.71 6,578,200.00 9,968,609.79 13,995,944.08 9,385,206.99 8,610,312.50 46,385,123.46 23,569,972.94 18,768,623.00 21,410,914.06 18,003,310.00 26,955,738.63 26,385,630.86 13,838,000.07 16,134,250.00 11,678,638.92 29,165,862.86 25,060,856.63 25,300,030.93 23,811,505.76 17,767,000.00 3,728,665.78 TOTAL 324,071,851.56 347,964,163.90
  68. 68. 68 APPENDIX CI ADO LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW THE FOLLOWING EXPENDITURE APPEARS TO BE CONTRARY TO LAW S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 9 10 11 12 AQ/ADK/01/016 AQ/ADK/02/016 AQ/ADK/03/016 AQ/ADK/04/016 AQ/ADK/05/016 AQ/ADK/06/016 AQ/ADK/07/016 AQ/ADK/08/016 AQ/ADK/09/016 AQ/ADK/10/016 AQ/ADK/11/016 AQ/ADK/12/016 Unaudited payment vouchers Unproduced revenue earning receipts Diversion of public funds Items not taken on ledger charge Unproduced payment vouchers Unretired imprest Double payment Unreceipted expenditure Irregular payment Expenditure not supported by proper records Nugatory payment Unaudited payment vouchers (Capital Account) 978,000.00 Assorted 85,000.00 403,000.00 14,864,341.00 1,925,000.00 650,000.00 1,443,550.00 900,000.00 1,634,455.00 200,000.00 1,389,701.24 Total 24,473,047.24
  69. 69. 69 APPENDIX CII EFON LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 AUD/EFY/AQ/1/16 AUD/EFY/AQ/2/16 AUD/EFY/AQ/3/16 AUD/EFY/AQ/4/16 AUD/EFY/AQ/5/16 AUD/EFY/AQ/6/16 AUD/EFY/AQ/7/16 AUD/EFY/AQ/8/16 Expenditure not supported with proper records of accounts Loss of fund on raising of 700 Broiler Un-receipted expenditure Items not taken on ledger charge Nugatory payment Expenditure not supported by proper records Un-receipted payment Doubtful payment 3,500,000.00 1,715,100.00 1,085,500.00 1,689,557.90 550,312.50 385,000.00 879,842.50 435,412.83 TOTAL 10,242,725.73
  70. 70. 70 APPENDIX CIII EMURE LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 9 10 EMLG/AQ/01/2016 EMLG/AQ/02/2016 EMLG/AQ/03/2016 EMLG/AQ/04/2016 EMLG/AQ/05/2016 EMLG/AQ/06/2016 EMLG/AQ/07/2016 EMLG/AQ/08/2016 EMLG/AQ/09/2016 EMLG/AQ/10/2016 Unproduced payment vouchers Expenditure contrary to regulations Article not taken on store ledger charge Unaudited payment vouchers Unaudited payment vouchers Un-receipted payment Un-receipted payment Nugatory payment Unreasonable expenditure Unproduced revenue earning receipts 10,120,578.57 1,230,162.92 309,000.00 2,068,721.25 1,034,000.00 258,000.00 170,000.00 9,319,595.43 233,000.00 Assorted TOTAL 24,742,958.17
  71. 71. 71 APPENDIX CIV EKITI EAST LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 EELG/AQ/01/2016 EELG/AQ/02/2016 EELG/AQ/03/2016 EELG/AQ/04/2016 EELG/AQ/05/2016 EELG/AQ/062016 EELG/AQ/07/2016 Expenditure contrary to regulations Items not taken on store ledger charge Unreasonable expenditure Nugatory payment Unvouched expenditure Illegal withdrawal from salary account Expenditure not supported by proper record/accounts 18,002,798.83 2,015,580.00 506,000.00 1,058,000. 9,665,335.48 510,000.00 2,327,000.00 TOTAL 34,574,714.31
  72. 72. 72 APPENDIX CV EKITI SOUTHWEST LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW: The following expenditure appear contrary to Law: S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 9 10 11 ESWLG/AQ/1/16 ESWLG/AQ/2/16 ESWLG/AQ/3/16 ESWLG/AQ/4/16 ESWLG/AQ/5/16 ESWLG/AQ/6/16 ESWLG/AQ/7/16 ESWLG/AQ/8/16 ESWLG/AQ/9/16 ESWLG/AQ/10/16 ESWLG/AQ/11/16 Unproduced revenue earning receipts Expenditure not supported by proper records Expenditure contrary to regulations Un-vouched expenditure Expenditure/unaudited payment vouchers Unretired expenditure Nugatory payment I Nugatory payment II Nugatory payment III Doubtful payment I Doubtful payment II Assorted 2,320,000.00 1,451,110.00 7,092,733.00 836,675.00 1,066,500.00 5,125,000.00 698,312.50 1,500,000.00 1,000,000.00 788,000.00 TOTAL 14,785,597.50
  73. 73. 73 APPENDIX CVI EKITI WEST LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure would appear to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 AUD/EWLG/AQ/01/16 AUD/EWLG/AQ/02/16 AUD/EWLG/AQ/03/16 AUD/EWLG/AQ/04/16 AUD/EWLG/AQ/05/16 AUD/EWLG/AQ/06/16 AUD/EWLG/AQ/07/16 Nugatory payments Expenditure not supported with roper records Unretired expenditure Items not taken on ledger charge Expenditure contrary to regulation Un-vouched expenditure Unproduced revenue earning receipts 918,000.00 2,183,000.00 1,478,000.00 1,295,800.00 3,181,105.40 1,225,000.00 Assorted TOTAL 10,201,655.40
  74. 74. 74 APPENDIX CVII GBONYIN LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 AQ/GBLG/01/016 AQ/GBLG/02/016 AQ/GBLG/03/016 AQ/GBLG/04/016 AQ/GBLG/05/016 AQ/GBLG/06/016 AQ/GBLG/07/016 AQ/GBLG/08/016 Nugatory payment Fictitious payment Items not taken on ledger charge Cash defalcation Unproduced payment vouchers Unproduced revenue receipts Unaudited payment voucher Unvouched expenditure 842,887.50 130,000.00 335,000.00 325,500.00 5,750,000.00 Assorted 1,353,473.20 9,038,699.27 TOTAL 17,625,060.06
  75. 75. 75 APPENDIX CVIII IDO/OSI LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 AQ/IDLG/01/016 AQ/IDLG/01/016 AQ/IDLG/01/016 AQ/IDLG/01/016 AQ/IDLG/01/016 AQ/IDLG/01/016 AQ/IDLG/01/016 AQ/IDLG/01/016 Expenditure contrary to regulation Expenditure contrary to regulation Expenditure not supported with roper records of accounts Un-audited payment voucher Un-audited payment voucher Article not taken on ledger charge Un-receipted payment Unproduced revenue earning receipts 1,212,700.00 606,000.00 550,312.50 155,000.00 220,000.00 1,189,100.00 1,937,500.00 Assorted TOTAL 5,870,812.50
  76. 76. 76 APPENDIX CIX IJERO LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 AUD/IJLG/AQ/1/016 AUD/IJLG/AQ/2/016 AUD/IJLG/AQ/3/016 AUD/IJLG/AQ/4/016 AUD/IJLG/AQ/5/016 AUD/IJLG/AQ/6/016 AUD/IJLG/AQ/7/016 AUD/IJLG/AQ/8/016 AUD/IJLG/AQ/9/016 AUD/IJLG/AQ10/016 AUD/IJLG/AQ11/016 AUD/IJLG/AQ/12/016 AUD/IJLG/AQ/13/016 AUD/IJLG/AQ/14/016 AUD/IJLG/AQ/15/016 AUD/IJLG/AQ/16/016 Unproduced revenue earning receipts Unproduced payments vouchers Unvouched expenditure Doubtful expenditure I Doubtful expenditure II Unreasonable expenditure Expenditure retired with fake receipt Expenditure not supported by proper records Items not taken on ledger charge Expenditure contrary to regulations Unretired expenditure Nugatory payment I Nugatory payment II Nugatory payment III Unaudited/unretired expenditure Projects poorly executed 2,507,664.61 22,964,462.43 7,245,000.00 2,441,037.50 375,000.00 783,500.00 2,541,175.00 1,644,900.00 2,815,600.00 1,631,000.00 500,000.00 550,000.00 600,000.00 4,176,864.00 390,000.00 TOTAL 51,186,203.54
  77. 77. 77 APPENDIX CX IKERE LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 9 10 11 AQ/IKLG/01/16 AQ/IKLG/02/16 AQ/IKLG/03/16 AQ/IKLG/04/16 AQ/IKLG/05/16 AQ/IKLG/06/16 AQ/IKLG/07/16 AQ/IKLG/08/16 AQ/IKLG/09/16 AQ/IKLG/10/16 AQ/IKLG/11/16 Unauthorized expenditure Expenditure contrary to regulations/Nugatory payment Doubtful expenditure Doubtful expenditure Nugatory payment Nugatory payment Spurious/Expenditure contrary to regulations Expenditure contrary to regulation/Nugatory payment Doubtful/fake projects Un-vouched expenditure/Debits in Bank not in cashbook Unproduced payment voucher 1,100,000.00 2,068,710.00 530,000.00 369,000.00 6,975,000.00 931,500.00 546,650.00 1,040,000.00 3,386,392.00 28,979,437.13 15,739,996.00 TOTAL 69,666,185.13
  78. 78. 78 APPENDIX CXI IKOLE LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 AUD/IKLG/AQ/1/016 AUD/IKLG/AQ/2/016 AUD/IKLG/AQ/3/016 AUD/IKLG/AQ/4/016 AUD/IKLG/AQ/5/016 AUD/IKLG/AQ/6/016 AUD/IKLG/AQ/7/016 AUD/IKLG/AQ/8/016 Expenditure not supported with proper records of accounts Expenditure not supported with proper records of accounts Irregular payment of imprest/expenditure contrary to regulation Unrecovered salary Advance Doubtful payments Unvouched expenditure/debit in bank not in cashbook Unproduced payment vouchers Items not taken on store ledger charge 100,000.00 285,000.00 285,000.00 100,000.00 330,000.00 9,228,935.71 2,930,400.00 95,000.00 TOTAL 13,217,835.71
  79. 79. 79 APPENDIX CXII ILEJEMEJE LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 8 AQ/ILLG/01/016 AQ/ILLG/02/016 AQ/ILLG/03/016 AQ/ILLG/04/016 AQ/ILLG/05/016 AQ/ILLG/06/016 AQ/ILLG/07/016 AQ/ILLG/08/016 Un-vouched expenditure Nugatory payment Un-receipted expenditure Un-receipted expenditure Unaudited and unreceipted/Unretired payment vouchers Expenditure not supported with proper records and account Expenditure contrary to regulations Unproduced revenue receipts 860,000.00 600,000.00 874,000.00 298,200.00 2,491,000.00 980,000.00 475,000.00 Assorted TOTAL 6,578,200.00
  80. 80. 80 APPENDIX CXIII IREPODUN/IFELODUN LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 ILLG/AQ/01/2016 ILLG/AQ/02/2016 ILLG/AQ/03/2016 ILLG/AQ/04/2016 ILLG/AQ/05/2016 ILLG/AQ/06/2016 Nugatory payment Unproduced payment vouchers Un-receipted/Unaudited expenditure Items not taken on store ledger charge Un-receipted/Unretired expenditure Un-remitted Taxes 2,050,375.00 3,718,750.00 180,750.00 253,572.00 579,772.77 3,185,390.02 TOTAL 9,968,609.79
  81. 81. 81 APPENDIX C XIV ISE/ORUN LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 7 AQ/IOLG/01/016 AQ/IOLG/02/016 AQ/IOLG/03/016 AQ/IOLG/04/016 AQ/IOLG/05/016 AQ/IOLG/06/016 AQ/IOLG/07/016 Items not taken on store ledger charge Expenditure not supported by proper records Nugatory payment Expenditure contrary to regulations Unvouched expenditure/Expenditure not accounted for Unproduced revenue earning receipts Cash defalcation 219,700.00 2,287,925.74 3,548,926.50 1,185,000.00 6,411,381.84 Assorted 343,010.00 TOTAL 13,995,944.08
  82. 82. 82 APPENDIX CXV MOBA LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 AQ/MBLG/01/016 AQ/MBLG/02/016 AQ/MBLG/03/016 AQ/MBLG/04/016 AQ/MBLG/05/016 AQ/MBLG/06/016 Items not taken on store ledger charge Expenditure contrary to regulations Expenditure contrary to regulations Expenditure contrary to regulations Expenditure not supported with proper records of accounts Expenditure not supported with proper records of accounts 195,000.00 1,254,897.24 1,519,000.00 2,001,000.00 2,790,309.75 1,625,000.00 TOTAL 9,477,207.01
  83. 83. 83 APPENDIX CXVI OYE LOCAL GOVERNMENT EXPENDITURE CONTRARY TO LAW The following expenditure appears to be contrary to law. S/N QUERY NO SUBJECT AMOUNT (N) 1 2 3 4 5 6 AQ/OYLG/01/16 AQ/OYLG/02/16 AQ/OYLG/03/16 AQ/OYLG/04/16 AQ/OYLG/05/16 AQ/OYLG/06/16 Expenditure not supported with proper records of accounts Nugatory payment Loan from salary account Unproduced revenue earning receipts Un-receipted payment Expenditure not supported with proper records of accounts 5,100,000.00 550,312.50 2,450,000.00 Assorted 210,000.00 300,000.00 TOTAL 8,610,312.50
  84. 84. 84 ADO LOCAL GOVERNMENT ADO-EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER,2016 Notes 2016 2016 2015 2015 N N N N ASSETS Current Assets Cash and its Equivalents 26 23,578,844.40 6,684,949.52 Receivables 27 383,627,535.80 - - Prepayments 28 - - - Inventories 29 796,124.00 - - Total Current Asset 408,002,504.20 6,684,949.52 Non-Current Assets Long Term Loans 30 - - Investments 31 - - - Property, Plant & Equipment 32 980,242,601.00 939,394,424.06 Investment Property 33 - - - Intangible Assets 34 - - - Total Non-current Assets 980,242,601.00 946,809,073.58 Total Assets 1,388,245,105.20 953,494,023.10 LIABILITIES Current liabilities Deposits 35 - 729,700.00 Accrued Expenses 21 - - Unremitted Deductions 37 - - Payables 38 387,856,380.37 - Short Term Provisions 39 - - Current portion of Borrowings 40 - Total Current Liabilities 387,856,380.37 729,700.00 Non - Current Liabilities Public Funds 41 - - Long Term Provisions 42 - - Long Term Borrowings 43 - - Total Non- Current Liabilities Total Liabilities 387,856,380.37 729,700.00 NET ASSETS 1,000,388,724.83 952,764,323.10 NET ASSETS/EQUITY NET SURPLUS 44 - Reserves 45 980,242,600.00 Accumulated Surpluses(Deficits) 34 20,146,124.83 Minority Interest 47 Total Net Assets/Equity: 1,000,388,724.83 952,764,323.10
  85. 85. 85 ADO LOCAL GOVERNMENT ADO-EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31ST DECEMBER, 2016 Actual 2015 Notes Actual 2016 FINAL BUDGET Variance on final Budget N N N REVENUE 744,659,406.72 Government Share of FAAC(Statutory Revenue) 1 731,915,575.59 2,471,381,506.00 (1,739,465,930.41) - Government Share of VAT 2 - 624,836.83 Tax Revenue 3 31,909,997.84 76,250,000.00 (44,340,002.16) 44,590,960.00 Non- Tax Revenue 4 - - - Investment Income 5 - - - Interest Earned 6 - - - Aid & Grants 7 - - - Debt Forgiveness 8 - - - Other Revenues (SALES OF ASSET) 9 - - - Transfer from other Government Entities 10 - - 789,875,203.55 Total Revenue 763,825,573.43 2,547,631,506.00 (1,783,805,932.57) EXPENDITURE 726,017,583.55 Salaries & wages 11 621,820,620.39 865,114,384.00 243,293,763.61 - Social Benefits 12 - 57,897,332.14 Overhead Cost 13 85,120,881.20 99,755,100.00 14,634,218.80 - Grants & Contributions 14 - - - Bank Charges 15 - - - Depreciation Charges 16 0.00 0.00 - - Impairment Charges 17 0.00 0.00 - - Amortization Charges 18 0.00 0.00 - - Bad Debts Charges 19 0.00 0.00 - -- Public debt charge 20 0.00 0.00 - Transfer to other Government entities 21 0.00 0.00 783,914,915.60 Total Expenditure 706,941,501.59 964,869,484.00 257,927,982.41 5,960,287.95 Surplus/(deficit) from Operating Activities for the period 56,884,071.84 1,582,762,022.00 1,525,877,950.16 Gain/Loss on Disposal of Asset 22 0.00 0.00 - Gain/Loss on foreign Exchange Transaction 23 0.00 0.00 - Share of surplus(Deficit) in Associates & Joint Ventures 24
  86. 86. 86 5,960,287.95 Total Non- Operating Revenue(Expenses) 56,884,071.84 1,582,762,022.00 (1,525,877,950.16) 5,960,287.95 Surplus/(Deficit) from Ordinary Activities 56,884,071.84 1,582,762,022.00 1,525,877,950.16 Minority Interest Share of surplus/(Deficit) (f) 25 0.00 5,960,287.95 Net Surplus/ (Deficit) for the period 56,884,071.84 1,582,762,022.00 (1,525,877,950.16
  87. 87. 87 ADO LOCAL. GOVERNMENT ADOEKITI, EKITI STATE, NIGERIA STATEMENT CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2016. Description Notes 2016 2015 N N N N CASH FLOW FROM OPERATING ACTIVITIES Inflows Government Share of FAAC(Statutory Revenue) 1 731,915,575.59 744,659,406.72 Government Share of VAT 2 - - Tax Revenue 3 31,909,997.84 624,836.83 Non-Tax Revenue 4 - 44,590,960.00 Investment income 5 - Interest earned 6 - Aids & Grants 7 - Debts forgiveness 8 - Other Revenue 9 - Transfer from other Governments Entities 10 - Total inflow from Operating Activities 1 763,825,573.43 789,875,203.55 Out flows Salary & Wages 11 621,820,620.39 726,017,583.46 Social benefits 12 - - Overhead cost 13 85,120,881.20 57,897,332.14 Grants & contribution 14 - Subsides - - Transfer to other Government entities - - Financial cost - - Total outflow from operating activities 706,941,501.59 783,914,915.60 Net cash flow/(Outflow) from Operating Activities 1 56,884,071.84 5,960,287.95 CASH FLOW FROM INVESTING ACTIVITIES Proceeds from sale of PPE 858,000.00 Proceeds from sales of investment property - Proceeds from sale of intangible Assets - Proceeds from sale of investment - Dividends Received - 858,000.00 Purchase of PPE 24 40,848,176.94 57,742,071.84 22,362,079.00 Purchase construction of investment Property Purchase of intangible Assets 0.00 0.00 Acquisition of investment 0.00 40,848,176.94 0.00 22,362,079.10 Cash Flow from investing Activiti 16,893,894.90 (16,401,791.05)
  88. 88. 88 Net Cash Flow from investing Activities 16,893,894.90 (16,401,791.05) Description Notes 2016 2015 N N N N CASH FLOW FROM FINANCING ACTIVITIES Capital Grant Received 0.00 0.00 Proceeds from Borrowings 0.00 0.00 Repayments of Borrowings 0.00 0.00 Distribution of surplus/Dividends paid 0.00 0.00 Net Cash flow from financing Activities 16,893,894.90 (16,401,791.05) Net Cash Flow from all activities 16,893,894.90 (16,401,791.05) Cash & its Equivalent as at 1/1/2016 2 6,684,949.52 23,086,740.57 Cash & its Equivalent as at 31/12/2016 23,578,844.42 6,684,949.52
  89. 89. 89 ADO LOCAL GOVERNMENT, ADO-EKITI EKITI STATE, NIGERIA POSITION OF REVENUE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Statutory Allocation Tax Revenue Non – Tax Revenue Investment Income Interest earned 1 2 4 5 6 731,915,575.59 31,909,997.84 - - - Total 763,825,573.43
  90. 90. 90 ADO LOCAL GOVERNMENT, ADO EKITI EKITI STATE, NIGERIA POSITION OF EXPENDITURE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Salary and wages Overhead cost Grants and contribution Bank charges Purchase of PPE 11 13 14 15 25 621,820,620.39 85,120,881.20 - - 40,848,176.94 TOTAL 747,789,678.53
  91. 91. 91 EFON LOCAL GOVERNMENT EFON-ALAAYE EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER,2016 Notes 2016 2016 2015 2015 N N N N ASSETS Current Assets Cash and its Equivalents 26 185,588,097.87 1,024,069.76 Receivables 27 60,027,525.65 - Prepayments 28 - - Inventories 29 513,000.00 Total Current Asset 246,128,623.52 1,024,069.76 Non-Current Assets Long Term Loans 30 - - Investments 31 526,209.00 526,209.00 Property, Plant & Equipment 32 930,350,000.00 842,105,181.81 Investment Property 33 102,000,000.00 - Intangible Assets 34 - - 842,631,30.81 Total Non-current Assets 1,032,876,209.00 843,655,460.57 Total Assets 1,279,004,832.52 LIABILITIES Current liabilities Deposits 35 - - Accrued Expenses 21 7,876,229,72 - Unremitted Deductions 37 6,635,286.40 - Payables 38 25,238,420.67 - Accrued expenses 39 966,138,228.95 - Current portion of Borrowings 40 Total Current Liabilities 1,005,888,165.74 Non - Current Liabilities Public Funds 41 - Long Term Provisions 42 - Long Term Borrowings 43 101,385,539.10 Total Non- Current Liabilities - 101,385,539.10 Total Liabilities 1,107,273,704.84 NET ASSETS 171,731,127.68 843,655,460.57 NET ASSETS/EQUITY NET SURPLUS 44 Reserves 45 Accumulated Surpluses(Deficits) 34 Minority Interest 47 Total Net Assets/Equity: 171,731,127.68 843,655,460.57
  92. 92. 92 EFON LOCAL GOVERNMENT EFON-ALAAYE EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31ST DECEMBER, 2016 Actual 2015 Notes Actual 2016 FINAL BUDGET Variance on final Budget N N N REVENUE 438,558,979.00 Government Share of FAAC(Statutory Revenue) 1 1,163,759,715.07 1,875,840,000.00 (712,080,284.93) - Government Share of VAT 2 0.00 0.00 0.00 679,198.79 Tax Revenue 3 459,776.95 3,850,300.00 (3,390,523.05) 1,613,650.00 Non- Tax Revenue 4 2,524,650.00 8,153,850.00 (5,629,200.00) 287,500.00 Investment Income 5 181,450.00 2,600,000.00 (2,418,550.00) 803.43 Interest Earned 6 308.48 50,000.00 (49,691.52) 0.00 Aid & Grants 7 0.00 105,040,004.00 (105,040,004.00) 0.00 Debt Forgiveness 8 0.00 0.00 - - Other Revenues (SALES OF ASSET) 9 0.00 70,000.00 (70,000.00) 0.00 Transfer from other Government Entities 10 0.00 0.00 - 441,140,131.22 Total Revenue 1,166,925,900.50 1,995,604,154.00 (828,678,253.50) EXPENDITURE 447,313,700.00 Salaries & wages 11 826,695,867.16 1,093,468,214.61 266,772,347.45 0.00 Social Benefits 12 - - 15,395,200.00 Overhead Cost 13 51,068,950.00 111,566,000.00 60,497,050.00 3,412,500.00 Grants & Contributions 14 3,412,500.00 - 3,412,500.00 0.00 Bank Charges 15 0.00 0.00 0.00 0.00 Depreciation Charges 16 0.00 0.00 - 0.00 Impairment Charges 17 0.00 0.00 - 0.00 Amortization Charges 18 0.00 0.00 - 0.00 Bad Debts Charges 19 0.00 0.00 - 0.00 Public debt charge 20 0.00 0.00 Transfer to other Government entities 21 0.00 0.00 462,708,900.00 Total Expenditure 881,177,317.16 1,211,859,204.61 330,681,887.45 (21,568,768.78) Surplus/(deficit) from Operating Activities for the period 285,748,583.34 783,744,649.39 (497,996,066.05) 0.00 Gain/Loss on Disposal of Asset 22 0.00 0.00 - 0.00 Gain/Loss on foreign Exchange Transaction 23 0.00 0.00 -
  93. 93. 93 0.00 Share of surplus(Deficit) in Associates & Joint Ventures 24 0.00 Total Non- Operating Revenue(Expenses) (21,568,768.78) Surplus/(Deficit) from Ordinary Activities 285,748,583.34 783,744,649.39 (497,996,066.05) 0.00 Minority Interest Share of surplus/(Deficit) (f) 25 0.00 0.00 (21,568,768.78) Net Surplus/ (Deficit) for the period 285,748,583.34 783,744,649.39 (497,996,066.05)
  94. 94. 94 EFON LOCAL. GOVERNMENT EFON-ALAAYE-EKITI, EKITI STATE, NIGERIA STATEMENT CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2016. Description Notes 2016 2015 N N N N CASH FLOW FROM OPERATING ACTIVITIES Inflows Government Share of FAAC(Statutory Revenue) 1 1,163,759,715.07 438,558,979.00 Government Share of VAT 2 - 0.00 Tax Revenue 3 459,776.95 679,198.79 Non-Tax Revenue 4 2,524,650.00 1,613,650.00 Investment income 5 181,450.00 287,500.00 Interest earned 6 308.48 803.43 Aids & Grants 7 - Debts forgiveness 8 - Other Revenue 9 - Transfer from other Governments Entities 10 - Total inflow from Operating Activities 1 1,166,925,900.50 441,140,131.22 Out flows Salary & Wages 11 826,695,867.16 447,313,700.00 Social benefits 12 - 0.00 Overhead cost 13 51,068,950.00 15,395,200.00 Grants & contribution 14 3,412,500.00 0.00 Subsides - 0.00 Transfer to other Government entities - 0.00 Financial cost - 0.00 Total outflow from operating activities - 881,177,317.16 462,708,900.00 Net cash flow/(Outflow) from Operating Activities 1 - 285,748,583.34 (21,568,768.78) CASH FLOW FROM INVESTING ACTIVITIES - Proceeds from sale of PPE 0.00 0.00 Proceeds from sales of investment property 0.00 0.00 Proceeds from sale of intangible Assets 0.00 0.00 Proceeds from sale of investment 0.00 0.00 Dividends Received 0.00 0.00 Purchase of PPE 24 88,244,818.19 5,983,358.64 Purchase construction of investment Property 0.00 0.00 Purchase of intangible Assets 0.00 0.00 Acquisition of investment 0.00 88,244,818.19 0.00 (5,983,358.64) Net Cash Flow from investing Activities 197,503,765.15 (27,552,127.42)
  95. 95. 95 Description Notes 2016 2015 N N N N CASH FLOW FROM FINANCING ACTIVITIES Capital Grant Received - 0.00 Proceeds from Borrowings 0.00 0.00 Repayments of Borrowings 12,939,737.04 0.00 Distribution of surplus/Dividends paid 0.00 12,939,737.04 0.00 (27,552,127.42) Net Cash flow from financing Activities 184,564,028.11 (27,552,127.42) Net Cash Flow from all activities 184,564,028.11 (27,552,127.42)) Cash & its Equivalent as at 1/1/2016 2 1,024,069.76 28,576,197.18 Cash & its Equivalent as at 31/12/2016 185,588,097.87 1,024,069.76
  96. 96. 96 EFON LOCAL GOVERNMENT, EFON-ALAAYE EKITI EKITI STATE, NIGERIA POSITION OF REVENUE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY-DECEMBER 2016 (N) Statutory Allocation Tax Revenue Non – Tax Revenue Investment Income Interest earned 1 3 4 5 6 1,163,759,715.07 459,776.95 2,524,650.00 181,450.00 308.48 Total 1,166,925,900.50
  97. 97. 97 EFON LOCAL GOVERNMENT, EFON-ALAAYE EKITI EKITI STATE, NIGERIA POSITION OF EXPENDITURE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY-DECEMBER 2016 (N) Salary and wages Overhead cost Grants and contribution Purchase of PPE Repayments of Borrowing 11 13 14 826,695,867.16 51,068,950.00 3,412,500.00 88,244,818.19 12,939,737.04 Total 982,361,872.39
  98. 98. 98 EMURE LOCAL GOVERNMENT EMURE EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER,2016 Notes 2016 2016 2015 2015 N N N N ASSETS Current Assets Cash and its Equivalents 26 45,685,573.35 24,387,150.42 Receivables 27 - - Prepayments 28 - - Inventories 29 - - Total Current Asset 45,685,573.35 24,387,150.42 Non-Current Assets Long Term Loans 30 - - Investments 31 - - Property, Plant & Equipment 32 25,821,073.34 5,778,015.50 Investment Property 33 - - Intangible Assets 34 - - Total Non-current Assets 25,821,073.34 5,778,015.50 Total Assets 71,506,646.69 30,165,165.92 LIABILITIES Current liabilities Deposits 35 - - Accrued Expenses 21 - - Unremitted Deductions 37 - - Payables 38 - - Accrued expenses 39 - - Current portion of Borrowings 40 - - Total Current Liabilities Non - Current Liabilities Public Funds 41 45,685,573.35 24,387,150.42 Long Term Provisions 42 - - Long Term Borrowings 43 - - Total Non- Current Liabilities 45,685,573.35 24,387,150.42 Total Liabilities 45,685,573.35 24,387,150.42 NET ASSETS 25,821,073.34 5,778,015.50 NET ASSETS/EQUITY NET SURPLUS 44 - Reserves 45 - Accumulated Surpluses(Deficits) 46 - Minority Interest 47 - Total Net Assets/Equity: 25,821,073.34 5,778,015.50
  99. 99. 99 EMURE LOCAL GOVERNMENT EMURE EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31ST DECEMBER, 2016 Actual 2015 Notes Actual 2016 FINAL BUDGET Variance on final Budget N N N REVENUE 402,260,678.28 Government Share of FAAC(Statutory Revenue) 1 450,702,840.09 1,200,000,000.00 (749,297,159.91) - Government Share of VAT 2 98,500.00 Tax Revenue 3 142,885.26 400,000.00 (257,114.74) 4,324,881.53 Non- Tax Revenue 4 4,748,660.00 9,285,000.00 (4,536,340.00) 540,000.00 Investment Income 5 616,100.00 1,300,000.00 (683,900.00) 0.00 Interest Earned 6 - - - 0.00 Aid & Grants 7 - - - 0.00 Debt Forgiveness 8 - - -- 0.00 Other Revenues (SALES OF ASSET) 9 - - - Transfer from other Government Entities 10 - - - 407,224,059.81 Total Revenue 456,210,485.35 1,210,985,000.00 (754,774,514.65) EXPENDITURE 380,634,171.81 Salaries & wages 11 380,102,223.53 681,660,743.34 301,558,519.81 0.00 Social Benefits 12 - - 12,770,050.00 Overhead Cost 13 28,988,765.55 61,010,000.00 32,021,234.45 0.00 Grants & Contributions 14 - - - 0.00 Bank Charges 15 - - - 0.00 Depreciation Charges 16 - - - 0.00 Impairment Charges 17 - - - 0.00 Amortization Charges 18 - - - 0.00 Bad Debts Charges 19 - - - 0.00 Public debt charge 20 - - - 0.00 Transfer to other Government entities 21 - - - 393,404,221.81 Total Expenditure 409,090,989.08 742,670,743.34 333,579,754.26 13,819,838.00 Surplus/(deficit) from Operating Activities for the period 47,119,496.27 468,314,256.66 (421,194,760.39) Gain/Loss on Disposal of Asset 22 Gain/Loss on foreign Exchange Transaction 23 Share of surplus(Deficit) in Associates & Joint Ventures 24
  100. 100. 100 Total Non- Operating Revenue(Expenses) Surplus/(Deficit) from Ordinary Activities Minority Interest Share of surplus/(Deficit) (f) 25 13,819,838.00 Net Surplus/ (Deficit) for the period 47,119,496.27 468,314,256.66 21,194,760.39
  101. 101. 101 EMURE LOCAL. GOVERNMENT EMURE-EKITI, EKITI STATE, NIGERIA STATEMENT CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2016. Description Notes 2016 2015 N N CASH FLOW FROM OPERATING ACTIVITIES Inflows Government Share of FAAC(Statutory Revenue) 1 450,702,840.09 402,260,678.28 Government Share of VAT 2 - Tax Revenue 3 142,885.26 98,500.00 Non-Tax Revenue 4 4,748,660.00 4,324,881.53 Investment income 5 616,100.00 540,000.00 Interest earned 6 0.00 - Aids & Grants 7 0.00 - Debts forgiveness 8 0.00 - Other Revenue 9 0.00 - Transfer from other Governments Entities 10 - Total inflow from Operating Activities 1 456,210,485.35 - 407,224,059.81 Out flows Salary & Wages 11 380,102,223.53 380,634,171.81 Social benefits 12 - Overhead cost 13 28,988,765.55 12,770,050.00 Grants & contribution 14 0.00 Subsides 0.00 Transfer to other Government entities 0.00 Financial cost 0.00 Total outflow from operating activities 409,090,989.08 393,404,221.81 Net cash flow/(Outflow) from Operating Activities 1 47,119,496.27 13,819,838.00 CASH FLOW FROM INVESTING ACTIVITIES Proceeds from sale of PPE - Proceeds from sales of investment property - Proceeds from sale of intangible Assets - Proceeds from sale of investment - Dividends Received - Purchase of PPE 24 25,821,073.34 - 5,778,015.50 - Purchase construction of investment Property - - - Purchase of intangible Assets - - - Acquisition of investment - 25,821,073.34 - 5,778,015.50 Net Cash Flow from investing Activities - 21,298,422.93 - 8,041,822.50
  102. 102. 102 Description Notes 2016 2015 N N N CASH FLOW FROM FINANCING ACTIVITIES Capital Grant Received --- - Proceeds from Borrowings - - Repayments of Borrowings - - Distribution of surplus/Dividends paid - - Net Cash flow from financing Activities 21,298,422.93 8,041,822.50 Net Cash Flow from all activities 21,298,422.93 8,041,822.50 Cash & its Equivalent as at 1/1/2016 2 24,387,150.42 16,345,327.92 Cash & its Equivalent as at 31/12/2016 45,685,573.35 24,387,150.42
  103. 103. 103 EMURE LOCAL GOVERNMENT, EMURE EKITI EKITI STATE, NIGERIA POSITION OF REVENUE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Statutory Allocation Tax Revenue Non – Tax Revenue Investment Income Interest earned 1 3 4 5 6 450,702,840.09 142,885.26 4,748,660.00 616,100.00 - Total 456,210,485.35
  104. 104. 104 EMURE LOCAL GOVERNMENT, EMURE EKITI EKITI STATE, NIGERIA POSITION OF EXPENDITURE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Salary and wages Overhead cost Grants and contribution Purchase of PPE 11 13 14 380,102,223.53 28,988,765.55 - 25,821,073.34 TOTAL 434,912,062.42
  105. 105. 105 EKITI EAST LOCAL GOVERNMENT OMUO-EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER,2016 Notes 2016 2016 2015 2015 N N N N ASSETS Current Assets Cash and its Equivalents 26 12,238,376.81 2,822,354.41 Receivables 27 - - Prepayments 28 - - Inventories 29 - - Total Current Asset 12,238,376.81 2,822,354.41 Non-Current Assets Long Term Loans 30 - Investments 31 880,250.00 880,250.00 Property, Plant & Equipment 32 20,720,205.09 11,745,031.85 Investment Property 33 - Intangible Assets 34 - Total Non-current Assets 21,600,455.09 12,625,281.85 Total Assets 33,838,831.89 15,447,636.26 LIABILITIES Current liabilities Deposits 35 - - Accrued Expenses 21 - - Unremitted Deductions 37 - - Payables 38 - - Short Term Provisions 39 - - Current portion of Borrowings 40 - - Total Current Liabilities Non - Current Liabilities Public Funds 41 12,238,376.81 2,822,354.41 Long Term Provisions 42 - Long Term Borrowings 43 - Total Non- Current Liabilities - Total Liabilities 12,238,376.81 2,822,354.41 NET ASSETS 21,600,455.09 12,625,281.85 NET ASSETS/EQUITY NET SURPLUS 44 - Reserves 45 - Accumulated Surpluses(Deficits) 34 - Minority Interest 47 - Total Net Assets/Equity: 21,600,455.09 12,625,281.85
  106. 106. 106 EKITI EAST LOCAL GOVERNMENT OMUO EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31ST DECEMBER, 2016 Actual 2015 Notes Actual 2016 FINAL BUDGET Variance on final Budget N N N REVENUE 826,110,106.81 Government Share of FAAC(Statutory Revenue) 1 1,401,785,567.49 1,400,000,000.00 1,785,567.49 - Government Share of VAT 2 17,752,000.00 16,963,340.00 - Tax Revenue 3 788,660.00 5,200,000.00 601,395.00 1,480,000.00 Non- Tax Revenue 4 4,598,605.00 Investment Income 5 0.00 Interest Earned 6 0.00 Aid & Grants 7 0.00 Debt Forgiveness 8 1,303,296.68 Other Revenues (SALES OF ASSET) 9 0.00 Transfer from other Government Entities 10 828,893,403.49 Total Revenue 1,407,172,832.49 1,422,952,000.00 15,779,167.51 EXPENDITURE 808,039,563.23 Salaries & wages 11 1,339,330,621.14 1,344,800,621.14 5,470,000.00 0.00 Social Benefits 12 5,470,000.00 - - 11,634,400.00 Overhead Cost 13 43,000,000.00 72,920,000.00 29,920,000.00 0.00 Grants & Contributions 14 - - 0.00 Bank Charges 15 0.00 Depreciation Charges 16 0.00 0.00 - 0.00 Impairment Charges 17 0.00 0.00 - 0.00 Amortization Charges 18 0.00 0.00 - 0.00 Bad Debts Charges 19 0.00 0.00 - 0.00 Public debt charge 20 0.00 0.00 0.00 Transfer to other Government entities 21 0.00 0.00 819,673,963.23 Total Expenditure 1,387,800,621.14 1,417,720,621.14 29,920,000.00 9,219,440.26 Surplus/(deficit) from Operating Activities for the period 19,372,211.35 5,231,378.86 14,140,832.49 0.00 Gain/Loss on Disposal of Asset 22 0.00 0.00 - 0.00 Gain/Loss on foreign Exchange Transaction 23 0.00 0.00 - 0.00 Share of surplus(Deficit) in Associates & Joint Ventures 24
  107. 107. 107 Total Non- Operating Revenue(Expenses) 9,219,440.26 Surplus/(Deficit) from Ordinary Activities 19,372,211.35 5,231,378.86 14,140,832.49 0.00 Minority Interest Share of surplus/(Deficit) (f) 25 0.00 9,219,440.26 Net Surplus/ (Deficit) for the period 19,372,211.35 5,231,378.86 14,140,832.49
  108. 108. 108 EKITI EAST LOCAL. GOVERNMENT OMUO-EKITI, EKITI STATE, NIGERIA STATEMENT CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2016. Description Notes 2016 2015 N N N N CASH FLOW FROM OPERATING ACTIVITIES Inflows Government Share of FAAC(Statutory Revenue) 1 1,401,785,567.49 826,110,106.81) Government Share of VAT 2 - - Tax Revenue 3 788,660.00 - Non-Tax Revenue 4 4,598,605 1,480,000.00 Investment income 5 - - Interest earned 6 - - Aids & Grants 7 - - Debts forgiveness 8 - Other Revenue 9 791,390.00 1,303,296.68 Transfer from other Governments Entities 10 Total inflow from Operating Activities 1 1,407,964,222.49 828,893,403.49 Out flows Salary & Wages 11 1,339,330,621.14 808,039,563.23 Social benefits 12 5,470,000.00 - Overhead cost 13 43,000,000.00 11,634,400.00 Grants & contribution 14 Subsides Transfer to other Government entities Financial cost Total outflow from operating activities 1,387,800,621.14 819,673,763.23 Net cash flow/(Outflow) from Operating Activities 1 20,163,601.35 CASH FLOW FROM INVESTING ACTIVITIES 9,219,440.26 Proceeds from sale of PPE Proceeds from sales of investment property Proceeds from sale of intangible Assets Proceeds from sale of investment Dividends Received Total cashflow from investing activities Purchase of PPE 24 20,720,205.09 20,720,205.09 11,745,036.85 11,745,031.85 Purchase construction of investment Property Purchase of intangible Assets Acquisition of investment Net Cash Flow from investing Activities (556,603.74)
  109. 109. 109 Description Notes 2016 2015 N N N N CASH FLOW FROM FINANCING ACTIVITIES (556,603.74) (2,525,591.59) Capital Grant Received 0.00 0.00 Proceeds from Borrowings 0.00 0.00 Repayments of Borrowings 0.00 0.00 Distribution of surplus/Dividends paid 0.00 0.00 Net Cash flow from financing Activities 9,416,022.39 Net Cash Flow from all activities 9,416,022.39 (2,525,591.59) Cash & its Equivalent as at 1/1/2016 2 2,822,354.1 5,347,946.00 Cash & its Equivalent as at 31/12/2016 12,238,376.81 2,822,354.41
  110. 110. 110 EKITI EAST LOCAL GOVERNMENT, OMUO EKITI EKITI STATE, NIGERIA POSITION OF REVENUE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE REVENUE JANUARY- DECEMBER 2016 (N) Statutory Allocation Tax Revenue Non – Tax Revenue Investment Income Interest earned Debts Forgiveness 1 3 4 5 6 9 1,401,785,567.49 788,660.00 4,598,605.00 - - 791,390.00 Total 1,407,964,222.49
  111. 111. 111 EKITI EAST LOCAL GOVERNMENT, OMUO EKITI EKITI STATE, NIGERIA POSITION OF EXPENDITURE FOR THE PERIOD ENDED 31ST DECEMBER, 2016 DETAILS NOTE EXPENDITURE JANUARY-DECEMBER 2016 (N) Salaries and wages Social Benefits Overhead cost Grants and contribution Purchase of PPE 11 12 13 14 24 1,339,330,621.14 5,470,000.00 43,000,000.00 - 20,720,205.09 Total 1,408,520,826.23
  112. 112. 112 EKITI SOUTH WEST LOCAL GOVERNMENT ILAWE-EKITI, EKITI STATE, NIGERIA STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER,2016 Notes 2016 2016 2015 2015 N N N N ASSETS Current Assets Cash and its Equivalents 26 8,112,020.66 2,907,933.88 Receivables 27 60,000.00 - Prepayments 28 - - Inventories 29 251,000.00 - Total Current Asset 8,423,020.66 2,907,933.88 Non-Current Assets Long Term Loans 30 - 708,534.00 Investments 31 - - Property, Plant & Equipment 32 12,170,660.77 - Investment Property 33 - - Intangible Assets 34 - - Total Non-current Assets 12,170,660.77 - 708,534.00 Total Assets 20,593,681.43 - 3,616,467.88 LIABILITIES Current liabilities Deposits 35 - Accrued Expenses 21 - Unremitted Deductions 37 - Payables 38 7,979,630.67 Short Term Provisions 39 Current portion of Borrowings 40 - Total Current Liabilities 7,979,630.67 Non - Current Liabilities Public Funds 41 - Long Term Provisions 42 - Long Term Borrowings 43 - Total Non- Current Liabilities - Total Liabilities 7,979,630.67 NET ASSETS 12,614,050.76 3,616,467.88 NET ASSETS/EQUITY NET SURPLUS 44 - Reserves 45 4,052,162.79 Accumulated Surpluses(Deficits) 46 8,561,887.97 Minority Interest 47 - Total Net Assets/Equity: 12,614,050.76 3,616,467.88

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