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Ekit State Financial Report for the year 2012

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Detailed continuation of the Financial Report of the Accountant-General for the year 2012.

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Ekit State Financial Report for the year 2012

  1. 1. BUDGET SIZE AND PERFORMANCE A. REVENUE ESTIMATE ACTUAL PERFORMANCE JAN.-DEC, 2012 JAN.-DEC, 2012 % N N Recurrent Receipts: Statutory Allocation 27,875,863,334.00 28,526,959,595.36 102.34 IGR 10,165,349,894.00 12,890,472,028.17 126.81 Sundry Receipts 12,502,060,185.00 30,938,612.04 0.25 Sub Total 50,543,273,413.00 41,448,370,235.57 82.01 Capital Receipts 42,453,678,511.00 24,437,429,890.29 57.56 Total 92,996,951,924.00 65,885,800,125.86 70.85 B. EXPENDITURE ESTIMATE ACTUAL PERFORMANCE JAN.-DEC, 2012 JAN.-DEC, 2012 % N N Recurrent Expenditure 50,017,880,672.86 59,239,599,058.55 118.44 Capital Expenditure 43,279,071,250.83 28,743,297,282.57 66.41 Total 93,296,951,923.69 87,982,896,341.12 94.30 Page 5
  2. 2. DESCRIPTION 2012 2011 JAN-DEC. JAN-DEC. N N REVENUE Statutory Allocation 28,526,959,595.36 27,436,364,279.36 Value Added Tax 6,745,304,879.43 6,073,804,103.88 Excess Crude Oil Proceeds 809,889,311.35 9,121,018,268.32 Other Statutory Receipts 9,080,595,578.47 - Internally Generated Revenue 12,890,472,028.17 3,041,394,328.02 Proceeds from Sales of Fertilizer 5,093,200.00 399,275,504.00 Sales from Ikun Dairy Farm - 2,300,000.00 Foreign Loan Draw Down 2,078,492,283.48 828,355,966.77 MDGs Conditional Grants 609,201,395.00 - Ecological Funds 250,000,000.00 - Refund to EKS on London Club Debt btw Ondo/Ekiti 956,701,144.86 - Internal Loan: Bank 3,902,152,097.70 17,836,318,010.44 Bond - 20,000,000,000.00 Sundry Receipts 30,938,612.04 69,920,654.74 Total Revenue (A) 65,885,800,125.86 84,808,751,115.53 EXPENDITURE Personnel Costs 17,068,974,404.57 13,332,880,222.06 Pensions and Gratuities 2,369,067,739.87 2,502,085,409.31 Overhead Costs 3,622,071,041.29 2,609,549,824.57 Transfer to Other Funds 6,018,050,543.63 6,589,736,133.79 Grants to Parastatals & Tert. Inst. 7,692,393,471.30 8,649,623,300.62 Capital Expenditure 28,743,297,282.57 11,279,150,029.51 Expenses of General Nature 3,932,599,959.79 3,507,778,712.97 Public Debts Charges 383,767,536.48 486,123,866.15 Special Project Unit 922,139,433.31 Repayment of Loans: Foreign 257,595,237.97 258,032,847.17 Local: Bank 12,206,577,994.46 9,961,573,079.35 Bond 4,766,361,695.88 1,191,590,423.97 Total Expenditure (B) 87,982,896,341.12 60,368,123,849.47 Cash Balance Net Cash Bal (A-B) (22,097,096,215.26) 24,440,627,266.06 Opening Balance (1st Jan.) 27,049,656,132.55 2,609,028,866.49 Closing Balance (31st Dec.) 4,952,559,917.29 27,049,656,132.55 EKITI STATE OF NIGERIA FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED 31ST DECEMBER, 2012. Page 8
  3. 3. EKITI STATE MAJOR DEBT RELATED FINANCIAL INDICATORS ( 2012 - 2013 ) S/N 2012 ACTUAL 2013 BUDGET 1.1 Total Non-Debt Related Revenue A Balance brought Foward 27,049,656,132.55 8,885,404,592.00 a Gross FAAC Allocation / Augmentation 28,526,959,595.36 31,448,586,848.00 b IGR 4,996,656,139.96 15,760,782,576.00 c VAT 6,745,304,879.43 7,332,124,692.00 d Excess Crude 809,889,311.35 8,563,278,306.00 e Proceeds from sale of fertilizer 5,093,200.00 - f Ecological Fund From FGN 250,000,000.00 525,000,000.00 g Investment Income ( dividends) - - h Grants Foreign Loan Drawdown, CSDP, CCT 2,078,492,283.48 4,713,794,773.00 i Refund From Ondo State ( London Club ) 956,701,144.86 - j Other Capital Receipts 9,080,595,578.47 3,256,111,300.00 k Reimbursement from Fed Govt on Roads - 6,700,000,000.00 l MDG Conditional Grants 609,201,395.00 1,100,000,000.00 m Special Project Fund - 2,220,000,000.00 1.2 Total Debt Related Revenue A Internal Loans 3,902,152,097.70 7,125,362,807.00 Sub -Total 85,010,701,758.16 97,630,445,893.00 2 Total Expenditure of which A Capital Expenditure 29,513,559,540.99 49,164,768,881.00 B Recurrent Expenditure 41,725,196,594.03 48,015,677,012.00 C Loans Repayment 8,435,618,169.27 D Public Debt Charges ( Budget Debt Service Figure) 383,767,536.48 450,000,000.00 Sub -Total 80,058,141,840.77 97,630,445,893.00 Budget Balance 4,952,559,917.39
  4. 4. EKITI STATE OF NIGERIA STATEMENT NO.1 CASHFLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTES CURRENT YEAR PRIOR YEAR JAN-DEC JAN-DEC 2012 2011 Cash Flows from Operating Activities N N Receipts * Statutory Allocation 1 28,526,959,595.36 27,436,364,279.36 * VAT 2 6,745,304,879.43 6,073,804,103.88 * Internally Generated Revenue 3 12,890,472,028.17 3,041,394,328.02 * Excess Crude Oil Proceeds 4 809,889,311.35 9,121,018,268.32 * Other Statutory Receipts 9,080,595,578.47 * Draw Down On Foreign Loans/Grants 5A 2,078,492,283.48 828,355,966.77 * Proceeds from Sales of Fertilizer 5B 5,093,200.00 399,275,504.00 * MDGs Condtional Grants 609,201,395.00 - * Ecological Funds 250,000,000.00 - * Refund to EKS on London Club Debt btw Ondo/Ekiti 956,701,144.86 * Sundry Receipts / Refunds 5C 30,938,612.04 69,920,654.74 Total Receipts 61,983,648,028.16 46,970,133,105.09 Payments * Personal Emoluments 6(a) 17,068,974,404.57 13,332,880,222.06 * Pensions and Gratuities 6(b) 2,369,067,739.87 2,502,085,409.31 * Overhead Costs 7 3,622,071,041.29 2,609,549,824.57 * Transfer to Other Funds 8 6,018,050,543.63 6,589,736,133.79 * Grants to Parastatals & Tertiary Inst. 9 7,692,393,471.30 8,649,623,300.62 * Capital Releases to Mins./Depts./Agencies 10E 28,743,297,282.57 11,279,150,029.51 * Expenses of General Nature 11A 3,932,599,959.79 3,507,778,712.97 * Public Debts Charges 11B 383,767,536.48 486,123,866.15 * Special Project Unit 12 922,139,433.31 - Total Payments 70,752,361,412.81 48,956,927,498.98 Net Cash Flow from Operating Activities (8,768,713,384.65) (1,986,794,393.89) Cash Flow from Investment Activities Sales from Ikun Dairy Farm - 2,300,000.00 ` Net Cash Flow from Investment Activites - 2,300,000.00 Cash Flow from Financing Activities Repayment of Loans (Foreign) 1B (257,595,237.97) (258,032,847.17) Local Loan:Bank 18 3,902,152,097.70 17,836,318,010.44 Repayment of Loans (Bank) 11C (12,206,577,994.46) (9,961,573,079.35) Bond 18 - 20,000,000,000.00 Repayment of Loans (Bond) 11C (4,766,361,695.88) (1,191,590,423.97) Net Cash Flow from Financing Activities (13,328,382,830.61) 26,425,121,659.95 Net Increase/(Decrease) in Cash & Its Equivalent (22,097,096,215.26) 24,440,627,266.06 Cash & Its equivalent as at 1st Jan. 27,049,656,132.55 2,609,028,866.49 Cash & Its equivalent as at 31st Dec. 4,952,559,917.29 27,049,656,132.55 Page 9
  5. 5. EKITI STATE OF NIGERIA STATEMENT NO. 2 ASSETS AND LIABILITIES STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTES CURRENT YEAR PRIOR YEAR JAN-DEC. JAN-DEC. 2012 2011 N N ASSETS Liquid Assets Cash and Bank Balances 13A 1,703,572,516.46 24,271,585,794.73 Call Acct. Balances (ESROW) 13B 2,672,849,554.84 2,645,356,051.07 TCO Balances 14 576,137,845.99 132,714,286.75 4,952,559,917.29 27,049,656,132.55 Investments & Other Assets Housing & Vehicle Loans Debtors 15A 3,006,952,356.99 2,765,085,846.16 Wema Shares Debtors 15B 50,432,218.27 83,036,087.00 Liabilities Over Assets 16 20,166,227,935.72 33,446,278,170.44 28,176,172,428.27 63,344,056,236.15 PUBLIC FUND & LIABILITIES Public Funds Consolidated Revenue Fund ST3 (17,230,396,438.53) 555,739,184.45 Capital Development Fund ST4 22,182,956,355.82 26,493,916,948.10 4,952,559,917.29 27,049,656,132.55 Liabilities Foreign Loan (Multilateral) 17 5,036,279,148.89 5,036,279,148.89 Internal Loan 18 18,187,333,362.09 31,258,120,954.71 28,176,172,428.27 63,344,056,236.15 Page 10
  6. 6. EKITI STATE OF NIGERIA STATEMENT NO. 3 CONSOLIDATED REVENUE FUND STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2012 ACTUAL PRIOR NOTES BUDGET ACTUAL YEAR PERFORMANCE YEAR 2011 JAN. - DEC. 2012 JAN. - DEC. 2012 % N N N 861,440,227.85 Opening Balance 555,739,184.45 ADD: RECURRENT REVENUE 27,436,364,279.36 Statutory Allocation 1A 27,875,863,334.00 28,526,959,595.36 102 2,328,361,017.90 Taxes (Direct & Indirect) 3a 4,947,550,472.73 3,202,532,373.20 65 55,075,526.60 Fines & Fees 3b 2,652,271,715.48 303,022,505.34 11 105,080,231.83 Licences 3c 188,771,546.64 26,976,725.00 14 - Earnings & Sales 3d 600,285,768.29 9,387,720.30 2 84,600.00 Rent on Government Property 3e 1,341,144,311.79 17,700.00 0 6,528,169.24 Dividends 3f 5,040,399.95 1,346,800.00 27 1,010,000.09 Others (Miscellaneous) 3h 1,591,705.25 - 0 4,168,776.33 Bank Interest 3i - 304,146,366.42 - 6,266,300.00 Unserviceable Assets 3j - 1,089,300.00 - 80,315,244.42 Legal Fees 3k - 262,982,360.11 - 6,966,550.00 Examination Fees 3l - - - 314,823,624.86 Parastatals & Tertiary Inst. 3m 428,693,973.88 8,717,746,413.09 2,034 132,714,286.75 Tax Audit Liability 3n - 61,223,764.71 - 399,275,504.00 Income from sales of Fertilizer 5B - 5,093,200.00 - 69,920,654.74 Sundry Receipts 5C 12,502,060,185.00 30,938,612.04 0 31,808,394,993.97 TOTAL REVENUE (a) 50,543,273,413.00 42,009,202,620.02 83 LESS: OVERHEAD COSTS. CLASSIFIED TO SERVICE & OTHER RECURRENT EXPEND. 13,332,880,222.06 Personnel Costs 6(a) 7,307,560,853.21 17,068,974,404.57 234 2,502,085,409.31 Pension & Gratuity 6(b) 2,800,000,000.00 2,369,067,739.87 85 2,449,972,511.74 Administrative Services 7A 4,200,997,265.24 3,442,015,594.59 82 21,330,852.08 Education Services 7B 56,154,100.00 37,678,653.30 67 40,415,460.67 Works and Transport Services 7C 84,200,000.00 45,900,975.00 55 80,370,463.41 Health Services 7D 82,456,900.00 72,803,626.33 88 17,460,536.67 Agricultural Services 7E 33,850,000.00 23,672,192.07 70 6,589,736,133.79 Transfer to other Funds 8 13,996,147,540.76 6,018,050,543.63 43 8,649,623,300.62 Grants to Parastatals & Ter. Institutions 9 15,408,690,698.90 7,692,393,471.30 50 3,507,778,712.97 Expenses of General Nature/(Cons. Rev. Fund Charges) 11A 5,615,530,000.00 3,932,599,959.79 70 486,123,866.15 Public Debts Charges 11B 432,293,314.75 383,767,536.48 89 - Special Project Unit 12 - 922,139,433.31 - 258,032,847.17 Repayment of Loans: Foreign 1B - 257,595,237.97 - 9,961,573,079.35 Local: Bank 11C - 12,206,577,994.46 - 1,191,590,423.97 Bond 11C - 4,766,361,695.88 - 49,088,973,819.96 TOTAL EXPENDITURE (b) 50,017,880,672.86 59,239,599,058.55 118 (17,280,578,825.99) OPERATING BALANCE (a-b) (17,230,396,438.53) APPROPRIATION/TRANSFERS 17,836,318,010.44 Financed By: Internal Loan - 555,739,184.45 CLOSING BALANCE (17,230,396,438.53) Page 11
  7. 7. EKITI STATE OF NIGERIA STATEMENT NO. 4 EKITI STATE OF NIGERIACAPITAL DEVELOPMENT FUND STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2012 ACTUAL PRIOR NOTES BUDGET ACTUAL PERFORMANCE YEAR 2011 JAN. - DEC. 2012 JAN. - DEC. 2012 % N N N 1,747,588,638.64 Opening Balance 26,493,916,948.10 - ADD: CAPITAL RECEIPTS 6,073,804,103.88 Value Added Tax 2 5,500,000,000.00 6,745,304,879.43 123 9,121,018,268.32 Excess Crude Oil Proceeds 4A 6,500,000,000.00 809,889,311.35 12 Other Statutory Receipts 4B 9,080,595,578.47 828,355,966.77 Draw Down on Foreign Loan/Grants 5a 4,296,977,366.00 2,078,492,283.48 48 - MDGs Conditional Grant 1,200,000,000.00 609,201,395.00 51 - Refund on Federal Roads 2,500,000,000.00 - 0 2,300,000.00 Sales from Ikun Dairy Farm - - - Ecological Funds 500,000,000.00 250,000,000.00 - - Refund to EKS on London Club Debt btw Ondo/Ekiti 956,701,145.00 956,701,144.86 - Internal Loans: Bank 21,000,000,000.00 3,902,152,097.70 19 20,000,000,000.00 Bond - - - 37,773,066,977.61 TOTAL CAPITAL RECEIPTS (a) 42,453,678,511.00 50,926,253,638.39 120 LESS: CAPITAL EXPENDITURE Economic Sector Agriculture, Emergency, & 6,422,335,297.01 Infrastructure 10A 25,261,054,009.67 18,994,961,341.63 75 Social Service Sector 1,512,640,782.66 Education, Health & Information 10B 6,341,371,214.94 5,128,450,924.54 81 Environmental Developmental Sector 610,418,436.10 Environment, Lands & Housing 10C 2,901,033,451.11 938,997,718.30 32 Administration Sector 2,733,755,513.74 Administration Sector 10D 8,775,612,575.11 3,680,887,298.10 42 11,279,150,029.51 TOTAL EXPENDITURE (b) 43,279,071,250.83 28,743,297,282.57 66 26,493,916,948.10 OPERATING BALANCE (a-b) 22,182,956,355.82 APPROPRIATION/TRANSFERS - Consolidated Revenue Fund - 26,493,916,948.10 CLOSING BALANCE 22,182,956,355.82 (1,252,810,852.07) Transfer of Government Stocks (Fountain Holding Ltd) Page 12
  8. 8. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 1A STATUTORY ALLOCATION FOR JANUARY - DECEMBER, 2012 GROSS DEDUCTIONS NET N N N JANUARY 2,437,341,161.58 523,975,552.80 1,913,365,608.78 FEBRUARY 1,979,571,103.08 523,975,552.80 1,455,595,550.28 MARCH 2,159,023,651.03 525,924,466.44 1,633,099,184.59 APRIL 2,670,234,527.48 525,924,466.44 2,144,310,061.04 MAY 2,368,772,612.73 420,202,591.44 1,948,570,021.29 JUNE 2,490,798,049.16 420,202,591.44 2,070,595,457.72 JULY 2,491,629,818.04 568,091,214.71 1,923,538,603.33 AUGUST 2,485,450,541.58 750,135,959.00 1,735,314,582.58 SEPTEMBER 2,359,396,840.52 565,175,947.48 1,794,220,893.04 OCTOBER 2,416,648,224.46 565,175,947.48 1,851,472,276.98 NOVEMBER 2,495,507,489.22 417,287,324.21 2,078,220,165.01 DECEMBER 2,172,585,576.48 417,287,324.21 1,755,298,252.27 TOTAL 28,526,959,595.36 6,223,358,938.45 22,303,600,656.91 Page 13
  9. 9. NOTE 1B DETAILS OF DEDUCTIONS AT SOURCE FOR JANUARY - DECEMBER, 2012 CONTRACTUAL OBLIGATION FERTILIZER FOREIGN LOAN COMMERCIAL AGRIC REFUND OF TOTAL CREDIT SCHEME OERPAYMENTS N N N N N N JANUARY 397,196,807.99 105,721,875.00 21,056,869.81 - - 523,975,552.80 FEBRUARY 397,196,807.99 105,721,875.00 21,056,869.81 - - 523,975,552.80 MARCH 397,196,807.99 105,721,875.00 23,005,783.45 - - 525,924,466.44 APRIL 397,196,807.99 105,721,875.00 23,005,783.45 - - 525,924,466.44 MAY 397,196,807.99 - 23,005,783.45 - - 420,202,591.44 JUNE 397,196,807.99 - 23,005,783.45 - - 420,202,591.44 JULY 397,196,807.99 - 23,005,783.45 - 147,888,623.27 568,091,214.71 AUGUST 397,196,807.99 - 20,090,516.22 184,960,011.52 147,888,623.27 750,135,959.00 SEPTEMBER 397,196,807.99 - 20,090,516.22 - 147,888,623.27 565,175,947.48 OCTOBER 397,196,807.99 - 20,090,516.22 - 147,888,623.27 565,175,947.48 NOVEMBER 397,196,807.99 - 20,090,516.22 - - 417,287,324.21 DECEMBER 397,196,807.99 - 20,090,516.22 - - 417,287,324.21 TOTAL 4,766,361,695.88 422,887,500.00 257,595,237.97 184,960,011.52 591,554,493.08 6,223,358,938.45 Page 14
  10. 10. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 2 VALUE ADDED TAX FOR JANUARY - DECEMBER, 2012 N JANUARY 543,336,247.76 FEBRUARY 506,363,399.23 MARCH 570,299,914.87 APRIL 583,482,317.99 MAY 570,035,847.28 JUNE 573,535,290.55 JULY 565,281,659.52 AUGUST 502,152,620.34 SEPTEMBER 584,688,628.51 OCTOBER 535,920,268.48 NOVEMBER 615,797,163.37 DECEMBER 594,411,521.53 TOTAL 6,745,304,879.43 Page 15
  11. 11. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 3A INTERNALLY GENERATED REVENUE (MDAs) FOR JANUARY - DECEMBER, 2012 HEAD DETAILS AMOUNT N (a) 401 Taxes 3,202,532,373.20 (b) 402 Fines and Fees 303,022,505.34 (c) 403 Licences 26,976,725.00 (d) 404 Earnings and Sales 9,387,720.30 (e) 405 Rent on Govt. Properties 17,700.00 (f) 406 Government Investment (Dividend) 1,346,800.00 (g) 407 Reimbursement - (h) 408 Miscellaneous - (i) Bank Interest 304,146,366.42 (j) Sales of unserviceable assets 1,089,300.00 (k) Legal Fees 262,982,360.16 (l) Examination Fees - (m) 409 Parastatals (note 3b) 8,717,746,413.04 (n) Tax Audit Liability 61,223,764.71 TOTAL 12,890,472,028.17 Page 16
  12. 12. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 3B INTERNALLY GENERATED REVENUE (PARASTATALS) FOR JANUARY- DECEMBER, 2012 S/N PARASTATALS AMOUNT N 1 Hospitals Management Board 36,843,675.00 2 Broadcasting Service of Ekiti State (BSES) 47,232,901.43 3 Water Corporation 6,847,375.00 4 Ekiti State Housing Corporation 44,863,339.00 5 Agricultural Development Project 460,500.00 6 Fountain Agric. Marketing Agency 131,891.00 7 Ekiti State library Board 508,410.00 8 Central Medical Store 3,456,864.93 9 Electricity Board 1,105,500.00 10 Sports Council 1,806,650.00 11 Judicial Service Commission 1,785,200.00 12 Judiciary 16,963,869.11 13 Signage and Advertisement Agency 15,478,300.00 14 Education Endowment Fund (EEF) 615,507,437.27 15 Ekiti State University, Ado Ekiti 7,147,307,231.00 16 College of Education, Ikere Ekiti 641,196,094.00 17 University Teaching Hospital, Ado Ekiti 136,251,175.30 TOTAL 8,717,746,413.04 Page 17
  13. 13. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 4 NOTE 4A EXCESS CRUDE OIL PROCEEDS FOR JANUARY - DECEMBER, 2012 N JANUARY - FEBRAURY - MARCH - APRIL - MAY - JUNE - JULY - AUGUST 809,889,311.35 SEPTEMBER - OCTOBER - NOVEMBER - DECEMBER - TOTAL 809,889,311.35 Page 18
  14. 14. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 4B DETAILS OF OTHER STATUTORY RECEIPTS REFUNDS FROM BUDGET BUDGET EXCHANGE SUBSIDY REFUNDS BY NON-MINERAL TOTAL NNPC DIFFERENTIAL AUGMENTATION RATE GAIN (SURE-P) CBN EXCESS REVENUE N N N N N N N N JANUARY 86,282,742.06 526,874,785.83 - - - - - 613,157,527.89 FEBRAURY 86,282,742.06 978,634,062.27 - - - - - 1,064,916,804.33 MARCH 86,282,742.06 798,983,918.89 - - - - - 885,266,660.95 APRIL 86,282,742.06 - - 255,371,759.29 - - - 341,654,501.35 MAY 86,282,742.06 112,281,353.07 - - 557,855,958.07 - - 756,420,053.20 JUNE 86,282,742.06 - - - 185,951,986.03 - - 272,234,728.09 JULY 86,282,742.06 - - - 185,951,986.03 - - 272,234,728.09 AUGUST 86,282,742.06 - - 141,232,392.91 185,951,986.02 - - 413,467,120.99 SEPTEMBER 86,282,742.06 137,122,680.92 - - 185,951,986.02 - - 409,357,409.00 OCTOBER 86,282,742.06 68,042,117.18 - - 185,951,986.02 - - 340,276,845.26 NOVEMBER 834,654,361.08 - - - 185,951,986.02 - - 1,020,606,347.10 DECEMBER 86,282,742.06 - 309,343,604.39 - 185,951,986.02 1,207,557,387.53 901,867,132.22 2,691,002,852.22 TOTAL 1,783,764,523.74 2,621,938,918.16 309,343,604.39 396,604,152.20 1,859,519,860.23 1,207,557,387.53 901,867,132.22 9,080,595,578.47 Page 19
  15. 15. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 5 A S/N PROJECTS Draw Down Cummulative Between Figure JAN.- DEC. 2012 JAN.- DEC. 2012 N a. AGRICULTURAL PROJECTS: I National Prog. For Food Security 150,000,000.00 II FADAMA III 193,620,220.50 343,620,220.50 b. POVERTY REDUCTION PROGR: III EKCSDP 262,516,906.99 262,516,906.99 c. HEALTH PROGRAMMES: IV NPI Unicef 6,778,400.00 V HSDP II 116,029,977.43 VI HIV/AIDS 167,846,857.02 VII Onchocerciasis 120,000,000.00 VIII TBL Control Programme 20,000,000.00 IX Schistosomiasis 80,460,000.00 X EKSACA 31,400,000.00 542,515,234.45 d. EDUCATION PROGRAMMES: XI ETF Intervention Funds 36,600,000.00 XII UBEC Projects 873,000,000.00 909,600,000.00 e. EKRUWASSA: XIII Water Supply 19,450,771.54 19,450,771.54 f. URBAN RENEWAL AGENCY: XIV Man Power Dev.& Capacity Building 789,150.00 789,150.00 TOTAL 2,078,492,283.48 B PROCEEDS FROM SALES OF FERTILIZER Income from sales of Fertilizer 5,093,200.00 C SUNDRY RECEIPTS / REFUNDS JAN -DEC., 2012 N Repayment of Wema Shares' Loan 32,603,868.73 Less: Overpayments (1,665,256.69) 30,938,612.04 GRANTS Page 20
  16. 16. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 6 PERSONNEL COSTS S/N MDAs Gross Pay TOTAL N 1 ADULT EDUCATION AGENCY 36,309,094.02 2 AGRICULTURAL DEVELOPMENT PROGRAMME 141,986,661.84 3 AUDITOR GENERAL'S OFFICE 71,607,102.66 4 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 123,502,058.48 5 BOARD OF INTERNAL REVENUE 187,308,867.92 6 BOUNDARY COMMISSION 5,041,450.56 7 BROADCASTING SERVICE OF EKITI 141,261,373.56 8 BUREAU OF INFRASTRUCTURE 39,852,579.41 9 BUREAU OF STATISTICS 15,824,453.90 10 CABINET DEPARTMENT,GOVERNOR'S OFFICE 29,810,323.64 11 CAPITAL URBAN DEVELOPMENT AUTHORITY 9,169,075.22 12 CENTRAL MEDICAL STORE 26,508,960.67 13 CHRISTIAN PILGRIMS WELFARE BOARD 9,389,148.03 14 CIVIL SERVICE COMMISSION 39,519,141.38 15 COMMERCE,INDUSTRIES AND COOPERATIVES 162,419,697.47 16 CULTURE & TOURISM 34,350,579.46 17 DEPUTY GOVERNORS OFFICE 38,153,519.97 18 EDUCATION AND TECHNOLOGY 494,602,847.41 19 EDUCATION ENDOWMENT FUND 5,575,941.54 20 EKITI SIGNAGE AND ADVERTISEMENT AGENCY 8,866,774.71 21 EKITI STATE JOB CREATION AND EMPLOYMENT AGENCY 5,520,962.75 22 EKITI STATE LIASON OFFICE,ABUJA 13,998,301.45 23 EKITI STATE LIASON OFFICE,LAGOS 9,878,826.93 24 EKITI STATE LIBRARY BOARD 8,596,834.23 25 EKITI STATE SCHOLARSHIP BOARD 8,725,581.39 26 EKITI STATE WATER CORPORATION 218,569,622.78 27 EMERGENCY MANAGEMENT AGENCY 40,173,144.64 28 FINANCE & ECONOMIC DEVELOPMENT 163,078,423.06 29 FOUNTAIN AGRICULTURE AND MARKETING AGENCY 15,703,629.55 30 GENERAL ADMINISTRATION DEPT, GOVERNOR'S OFFICE 161,075,554.92 31 GOVERNMENT HOUSE AND PROTOCOL 108,950,300.48 32 HOSPITAL MANAGEMENT BOARD 2,569,022,247.57 33 HOUSE OF ASSEMBLY 164,018,439.43 34 HOUSING CORPORATION 57,396,402.67 Page 21
  17. 17. PERSONNEL COSTS (CONT'D) S/N MDAs Gross Pay TOTAL N 35 INFORMATION AND CIVIC ORIENTATION 104,269,189.52 36 JUSTICE 129,142,927.60 37 LANDS,URBAN & REGIONAL PLANNING 104,716,617.19 38 LOCAL GOVERNMENT SERVICE COMMISSION 6,657,368.53 39 MICRO CREDIT AGENCY 29,599,557.51 40 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 484,081,021.82 41 MINISTRY OF HEALTH 346,024,481.54 42 MINISTRY OF HOUSING AND ENVIRONMENT 37,629,242.95 43 MINISTRY OF INTEGRATION AND INTERGOVERNMENTAL AFFAIRS 14,005,011.52 44 MINISTRY OF LOCAL GOVERNMENT AND CHIEFTAINCY AFFAIRS 69,109,875.71 45 MUSLIM PILGRIMS WELFARE BOARD 7,111,665.71 46 OFFICE OF ESTABLISHMENT AND TRAINING 76,358,274.13 47 OFFICE OF LOCAL GOVT AUDIT 44,009,731.42 48 OFFICE OF THE SURVEYOR GENERAL 23,066,375.34 49 PLANNING COMMISSION 39,839,568.89 50 POLITICAL APPOINTEES 1,555,002,671.56 51 PRIMARY HEALTH CARE DEVELOPMENT AGENCY 17,527,630.86 52 PUBLIC WORKS CORPORATION 24,905,058.96 53 RURAL WATER SUPPLY AND SANITATION 19,149,376.28 54 SCHOOLS ENTERPRISE PROJECT BOARD 7,568,810.74 55 SPORTS COUNCIL 40,354,543.00 56 STATE ELECTRICITY BOARD 45,624,503.45 57 STATE ENVIRONMENTAL PROTECTION AGENCY 16,077,837.34 58 STATE INDEPENDENT ELECTORAL COMMISSION 38,981,644.42 59 S.U.B.E.B HQ 83,527,723.85 60 TEACHING SERVICE COMMISSION 6,713,793,021.06 61 TEACHING SERVICE COMMISSION (HQ) 124,510,314.63 62 TOURISM BOARD 21,428,467.62 63 WASTE MANAGEMENT BOARD 31,058,676.45 64 WOMEN AFFAIRS SOCIAL DEVELOPMENT AND GENDER EMPOWERMENT 58,321,455.46 65 WORKS AND INFRASTRUCTURE 205,294,505.61 66 YOUTHS AND SPORT 36,076,301.26 67 MANUAL SUPPLIMENTARY PAYMENT 367,112,156.29 TOTAL 16,087,703,531.95 Page 22
  18. 18. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 Note 6(a)i PERSONNEL COSTS S/N MDAs Grosss Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL N N N N N N N N N N N N N 1 ADULT EDUCATION AGENCY 3,148,538.98 2,926,115.42 2,906,193.44 3,069,404.96 3,474,326.93 3,223,410.23 3,041,661.73 2,858,233.91 2,858,233.91 2,898,586.23 2,899,997.70 3,004,390.58 36,309,094.02 2 AGRICULTURAL DEVELOPMENT PROGRAMME - - - 15,272,413.19 15,890,442.00 17,286,823.88 16,408,157.66 16,018,130.05 15,220,030.04 15,264,879.89 15,175,422.72 15,450,362.41 141,986,661.84 3 AUDITOR GENERAL'S OFFICE 5,757,801.48 5,670,419.77 5,563,683.17 6,319,904.41 6,196,115.00 6,022,483.87 6,010,373.04 6,038,514.53 6,032,092.73 5,998,320.46 5,998,320.46 5,999,073.74 71,607,102.66 4 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 9,663,551.74 9,492,790.11 11,417,789.81 10,159,529.97 10,626,103.53 10,637,083.52 10,314,558.60 10,265,946.48 10,273,799.63 10,308,542.98 10,109,710.19 10,232,651.92 123,502,058.48 5 BOARD OF INTERNAL REVENUE 14,434,127.66 14,018,147.20 14,016,895.16 16,219,349.70 16,151,590.49 16,049,911.83 16,154,088.88 16,011,085.68 16,076,101.36 16,061,971.27 16,077,726.79 16,037,871.90 187,308,867.92 6 BOUNDARY COMMISSION 354,151.96 356,201.38 354,561.86 417,870.81 491,943.72 490,633.25 429,347.93 429,347.93 429,347.93 429,347.93 429,347.93 429,347.93 5,041,450.56 7 BROADCASTING SERVICE OF EKITI - - - 12,535,744.52 16,060,176.40 17,343,561.02 16,639,624.47 15,917,834.22 15,070,057.01 15,959,528.21 15,878,241.03 15,856,606.68 141,261,373.56 8 BUREAU OF INFRASTRUCTURE 2,939,843.37 3,473,649.49 3,452,414.40 3,438,064.73 3,665,695.97 3,395,987.19 3,097,051.07 3,300,346.53 3,198,639.86 3,222,627.49 3,188,855.22 3,479,404.09 39,852,579.41 9 BUREAU OF STATISTICS 1,183,178.51 1,179,246.31 1,161,121.64 1,306,746.20 1,421,988.98 1,318,409.37 1,346,776.71 1,338,082.03 1,338,082.03 1,410,274.04 1,410,274.04 1,410,274.04 15,824,453.90 10 CABINET DEPARTMENT,GOVERNOR'S OFFICE 2,962,887.73 2,919,906.86 2,940,422.36 2,152,088.28 2,396,230.14 2,117,612.55 2,622,075.90 2,550,975.90 2,609,083.62 2,127,422.76 2,117,354.56 2,294,262.98 29,810,323.64 11 CAPITAL URBAN DEVELOPMENT AUTHORITY 733,391.81 733,391.81 733,391.81 722,981.44 678,607.08 678,607.07 774,121.82 774,121.82 777,398.47 777,398.47 777,398.47 1,008,265.15 9,169,075.22 12 CENTRAL MEDICAL STORE 2,738,488.90 2,728,420.46 2,726,239.44 1,720,376.96 1,720,376.96 2,214,947.42 2,364,236.84 2,067,497.79 2,067,497.79 2,067,497.79 2,046,690.16 2,046,690.16 26,508,960.67 13 CHRISTIAN PILGRIMS WELFARE BOARD 710,438.43 708,096.41 712,457.85 878,534.71 900,710.84 925,464.90 802,300.89 750,228.80 750,228.80 750,228.80 750,228.80 750,228.80 9,389,148.03 14 CIVIL SERVICE COMMISSION 3,324,731.61 3,263,638.59 3,263,638.59 3,076,665.16 3,123,612.23 3,107,645.07 3,412,594.73 3,270,824.83 3,315,472.76 3,284,783.75 3,537,767.03 3,537,767.03 39,519,141.38 15 COMMERCE,INDUSTRIES AND COOPERATIVES 12,949,656.35 11,910,989.76 11,936,562.78 14,039,883.62 14,048,250.55 14,146,092.62 13,834,325.67 13,869,839.57 14,020,199.49 13,991,219.95 13,834,058.72 13,838,618.39 162,419,697.47 16 CULTURE & TOURISM 2,657,442.36 2,475,115.95 2,483,079.03 2,889,032.54 2,961,224.55 3,007,136.69 3,062,071.21 2,970,306.57 2,970,306.57 2,909,794.43 2,981,986.44 2,983,083.12 34,350,579.46 17 DEPUTY GOVERNORS OFFICE 2,878,316.87 2,841,967.26 2,799,340.10 2,899,462.90 2,955,007.79 3,029,041.06 3,618,289.47 3,363,635.40 3,368,435.40 3,393,426.29 3,502,443.43 3,504,154.00 38,153,519.97 18 EDUCATION AND TECHNOLOGY 38,933,120.68 39,032,905.95 38,828,291.45 40,652,439.47 41,653,665.60 41,814,399.78 43,222,423.64 42,503,138.36 42,233,236.90 42,226,385.14 41,773,117.45 41,729,722.99 494,602,847.41 19 EDUCATION ENDOWMENT FUND 393,036.69 393,036.69 393,036.69 460,566.05 460,566.05 460,566.05 467,733.46 467,733.46 467,733.46 467,733.46 584,983.46 559,216.02 5,575,941.54 20 EKITI SIGNAGE AND ADVERTISEMENT AGENCY 644,988.84 624,485.10 624,485.10 777,716.39 787,122.60 790,455.92 844,219.66 792,494.48 790,569.17 790,569.17 713,865.30 685,802.98 8,866,774.71 21 EKITI STATE JOB CREATION AND EMPLOYMENT AGENCY 440,171.44 410,377.87 410,377.87 413,410.66 483,298.44 486,965.09 480,747.18 479,122.84 479,122.84 479,122.84 479,122.84 479,122.84 5,520,962.75 22 EKITI STATE LIASON OFFICE,ABUJA 1,456,755.86 1,392,607.13 1,396,607.13 898,297.53 898,297.53 1,213,842.50 1,052,105.50 1,052,105.50 1,027,710.34 1,131,622.58 1,249,483.28 1,228,866.57 13,998,301.45 23 EKITI STATE LIASON OFFICE,LAGOS 805,099.55 795,440.49 790,828.59 566,962.25 673,704.51 615,918.56 879,759.48 950,222.70 950,222.70 950,222.70 950,222.70 950,222.70 9,878,826.93 24 EKITI STATE LIBRARY BOARD - - - 1,128,507.74 979,341.29 988,377.60 950,441.64 950,441.64 899,931.08 899,931.08 899,931.08 899,931.08 8,596,834.23 25 EKITI STATE SCHOLARSHIP BOARD 1,025,990.79 942,213.35 1,020,563.91 820,620.83 641,858.48 603,256.59 630,146.73 630,791.18 630,791.18 630,791.18 573,951.26 574,605.91 8,725,581.39 26 EKITI STATE WATER CORPORATION - - - 25,172,572.74 25,453,978.83 23,884,795.35 26,301,885.26 23,641,311.56 23,647,116.93 23,604,459.59 23,449,829.39 23,413,673.13 218,569,622.78 27 EMERGENCY MANAGEMENT AGENCY 3,113,701.29 3,151,975.03 3,113,286.88 3,569,226.92 3,428,094.11 3,642,539.89 3,522,758.85 3,414,098.93 3,418,519.04 3,417,526.44 3,190,708.63 3,190,708.63 40,173,144.64 28 FINANCE & ECONOMIC DEVELOPMENT 12,301,847.40 12,873,588.58 12,328,091.39 13,320,430.42 13,759,955.95 13,351,694.87 14,128,392.14 14,509,639.10 14,207,697.81 14,180,048.10 14,132,722.17 13,984,315.13 163,078,423.06 29 FOUNTAIN AGRICULTURE AND MARKETING AGENCY - - - 1,818,513.88 1,766,606.82 1,806,022.49 1,806,336.21 1,701,230.03 1,701,230.03 1,701,230.03 1,701,230.03 1,701,230.03 15,703,629.55 30 GENERAL ADMINISTRATION DEPT, GOVERNOR'S OFFICE 13,003,433.34 12,884,071.55 12,755,845.56 12,964,217.00 13,116,928.55 13,568,285.38 14,203,367.58 13,280,177.28 13,407,473.44 13,693,132.77 13,958,880.35 14,239,742.12 161,075,554.92 31 GOVERNMENT HOUSE AND PROTOCOL 8,699,503.25 8,566,191.55 8,518,749.94 8,631,798.44 9,293,341.21 9,001,344.53 10,202,030.77 9,251,195.34 9,160,178.33 9,256,580.92 9,280,078.57 9,089,307.63 108,950,300.48 32 HOSPITAL MANAGEMENT BOARD 202,895,225.64 198,522,116.23 196,688,843.88 230,520,072.11 233,283,569.04 221,584,882.69 234,147,827.29 211,178,828.55 212,174,070.70 209,394,267.05 210,090,112.78 208,542,431.61 2,569,022,247.57 33 HOUSE OF ASSEMBLY 9,788,066.01 10,924,802.03 11,133,445.51 7,817,436.37 13,048,552.81 13,317,052.10 20,605,284.87 15,513,489.52 15,739,732.31 15,389,656.81 15,433,430.49 15,307,490.60 164,018,439.43 34 HOUSING CORPORATION - - - 6,391,820.27 6,243,516.85 6,256,725.38 6,368,498.39 6,398,519.06 6,398,519.06 6,448,878.46 6,444,962.60 6,444,962.60 57,396,402.67
  19. 19. PERSONNEL COSTS (CONT'D) S/N MDAs Grosss Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay Gross Pay JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL N N N N N N N N N N N N N 35 INFORMATION AND CIVIC ORIENTATION 8,493,038.98 7,968,264.40 7,875,204.30 9,217,106.11 9,257,633.00 9,033,781.68 9,365,616.82 8,770,903.16 8,773,056.71 8,572,508.56 8,471,037.90 8,471,037.90 104,269,189.52 36 JUSTICE 10,792,305.42 10,768,261.29 11,484,026.16 7,624,129.85 7,793,285.97 13,263,821.66 11,005,568.15 11,161,690.64 10,822,156.15 11,221,183.40 11,804,752.64 11,401,746.27 129,142,927.60 37 LANDS,URBAN & REGIONAL PLANNING 8,180,429.64 7,829,092.75 7,909,845.17 8,859,191.85 8,840,260.41 8,827,574.59 9,079,453.08 9,269,867.47 9,372,350.82 8,860,481.44 8,972,912.09 8,715,157.88 104,716,617.19 38 LOCAL GOVERNMENT SERVICE COMMISSION 1,650,845.08 1,650,845.08 1,650,845.08 131,089.08 131,089.08 133,714.87 634,748.41 134,838.37 134,838.37 134,838.37 134,838.37 134,838.37 6,657,368.53 39 MICRO CREDIT AGENCY 2,569,430.81 2,543,654.75 2,505,902.97 2,536,126.10 2,462,207.95 2,537,324.88 2,578,405.91 2,467,629.19 2,366,635.93 2,366,635.93 2,331,766.99 2,333,836.10 29,599,557.51 40 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 42,506,506.80 41,415,242.27 41,270,509.83 37,231,630.99 38,305,427.82 41,064,905.14 41,227,039.76 40,577,694.16 40,799,988.33 40,587,882.34 39,620,512.42 39,473,681.96 484,081,021.82 41 MINISTRY OF HEALTH 33,471,945.90 32,508,157.01 32,080,299.81 26,081,597.08 28,029,830.23 36,795,551.67 30,873,361.10 24,292,475.96 24,704,961.21 27,721,572.81 25,103,918.74 24,360,810.02 346,024,481.54 42 MINISTRY OF HOUSING AND ENVIRONMENT - - - 4,200,479.45 4,923,581.64 4,695,233.50 5,022,138.49 4,033,369.64 3,721,722.64 3,685,982.89 3,706,435.12 3,640,299.58 37,629,242.95 43 MINISTRY OF INTEGRATION AND INTERGOVERNMENTAL AFFAIRS 1,506,967.75 1,438,847.14 1,417,388.98 955,682.58 993,761.33 1,003,071.37 1,094,187.45 1,091,481.76 1,091,110.68 1,091,110.68 1,272,205.83 1,049,195.97 14,005,011.52 44 MINISTRY OF LOCAL GOVERNMENT AND CHIEFTAINCY AFFAIRS 5,688,698.66 4,856,456.23 4,948,076.17 4,932,491.60 5,195,377.19 5,172,241.51 6,823,184.98 6,155,477.98 6,127,740.72 6,244,647.83 6,381,188.54 6,584,294.30 69,109,875.71 45 MUSLIM PILGRIMS WELFARE BOARD 541,155.61 536,267.88 536,267.88 539,420.83 546,816.51 568,667.84 637,610.95 640,944.27 640,944.27 640,944.27 640,944.27 641,681.13 7,111,665.71 46 OFFICE OF ESTABLISHMENT AND TRAINING 6,047,940.41 5,977,502.33 5,969,221.62 6,313,056.69 6,553,863.54 6,655,783.77 6,645,571.38 6,487,713.29 6,544,926.82 6,411,689.98 6,423,095.93 6,327,908.37 76,358,274.13 47 OFFICE OF LOCAL GOVT AUDIT 3,877,516.67 3,771,904.41 3,708,225.11 3,840,764.64 3,833,270.06 3,643,495.35 3,670,957.07 3,546,789.60 3,546,789.60 3,545,394.74 3,545,394.74 3,479,229.43 44,009,731.42 48 OFFICE OF THE SURVEYOR GENERAL 1,924,074.07 1,894,950.61 1,918,784.25 1,922,535.07 1,902,802.56 1,951,561.77 1,951,472.99 1,911,207.56 1,910,747.20 1,911,860.41 1,932,992.98 1,933,385.87 23,066,375.34 49 PLANNING COMMISSION 3,383,836.97 3,321,063.00 3,295,720.69 3,316,909.17 3,408,333.96 3,419,713.45 3,503,308.82 3,365,733.29 3,365,272.93 3,415,783.49 3,021,946.56 3,021,946.56 39,839,568.89 50 POLITICAL APPOINTEES 103,160,562.37 109,225,420.23 111,348,219.07 91,743,688.07 129,174,274.37 131,434,781.48 147,078,431.55 142,283,888.52 147,386,557.07 146,545,351.52 148,137,591.63 147,483,905.68 1,555,002,671.56 51 PRIMARY HEALTH CARE DEVELOPMENT AGENCY 1,633,528.09 1,627,832.09 1,619,518.09 1,326,225.51 1,358,788.19 1,357,091.53 1,420,868.14 1,366,285.97 1,418,350.76 1,461,419.85 1,468,861.32 1,468,861.32 17,527,630.86 52 PUBLIC WORKS CORPORATION 1,948,090.92 1,881,210.25 1,842,385.08 2,025,699.68 2,064,717.28 2,142,563.15 2,237,253.85 2,165,727.25 2,173,955.87 2,173,955.87 2,124,749.88 2,124,749.88 24,905,058.96 53 RURAL WATER SUPPLY AND SANITATION 1,740,365.59 1,699,870.10 1,699,870.10 1,467,867.88 1,518,276.79 1,503,762.72 1,603,467.47 1,534,734.09 1,591,461.56 1,615,993.89 1,559,266.42 1,614,439.67 19,149,376.28 54 SCHOOLS ENTERPRISE PROJECT BOARD 2,068,541.36 501,211.19 501,211.19 539,111.41 554,111.41 539,111.41 579,361.21 582,036.79 582,036.79 561,038.99 561,038.99 7,568,810.74 55 SPORTS COUNCIL - - - 4,426,971.32 4,366,977.84 4,991,883.66 4,700,770.61 4,410,015.41 4,483,198.72 4,483,198.72 4,262,548.84 4,228,977.88 40,354,543.00 56 STATE ELECTRICITY BOARD - - - 4,937,014.93 4,987,497.27 5,036,336.66 5,214,003.46 5,051,978.83 5,056,092.58 5,232,236.70 5,054,671.51 5,054,671.51 45,624,503.45 57 STATE ENVIRONMENTAL PROTECTION AGENCY 1,477,845.09 1,448,575.97 1,445,339.76 1,381,466.49 1,258,635.48 1,251,349.58 1,285,805.80 1,285,805.80 1,310,703.03 1,310,703.03 1,311,248.60 1,310,358.71 16,077,837.34 58 STATE INDEPENDENT ELECTORAL COMMISSION - - - 4,345,666.50 4,333,494.35 4,323,522.06 4,335,292.95 4,319,274.48 4,331,098.52 4,331,098.52 4,331,098.52 4,331,098.52 38,981,644.42 59 S.U.B.E.B HQ - - - 8,908,492.17 8,918,149.44 10,331,959.18 9,178,049.70 9,211,308.19 9,282,080.37 9,282,080.37 9,232,867.32 9,182,737.11 83,527,723.85 60 TEACHING SERVICE COMMISSION 484,011,131.26 484,011,131.26 484,011,131.26 599,384,640.46 576,566,617.82 593,832,208.25 603,322,584.60 582,836,800.27 579,152,912.18 577,034,878.75 575,815,391.25 573,813,593.70 6,713,793,021.06 61 TEACHING SERVICE COMMISSION (HQ) 2,733,459.80 2,653,681.02 2,426,110.04 13,720,657.44 15,796,088.23 16,418,867.79 13,200,050.17 12,447,891.20 12,211,205.18 11,432,393.66 10,869,763.58 10,600,146.52 124,510,314.63 62 TOURISM BOARD 2,055,066.05 1,859,061.19 1,869,264.72 1,804,267.25 1,701,851.21 1,728,822.97 1,738,544.49 1,718,134.54 1,718,134.54 1,758,593.06 1,758,593.06 1,718,134.54 21,428,467.62 63 WASTE MANAGEMENT BOARD 6,175,200.50 6,125,944.81 6,161,484.73 1,451,355.31 1,341,554.16 1,448,380.14 1,340,970.15 1,326,552.37 1,326,552.37 1,451,893.97 1,454,393.97 1,454,393.97 31,058,676.45 64 WOMEN AFFAIRS SOCIAL DEVELOPMENT AND GENDER EMPOWERMENT 4,804,156.70 4,652,707.20 4,625,898.92 4,562,429.36 4,799,646.08 4,760,399.08 5,130,392.15 5,011,005.07 5,043,250.60 5,010,341.57 5,010,341.57 4,910,887.16 58,321,455.46 65 WORKS AND INFRASTRUCTURE 16,192,306.18 16,068,131.48 15,804,282.20 17,487,293.35 17,326,542.22 17,600,582.14 17,792,527.96 17,346,573.53 17,623,541.91 17,415,784.60 17,332,703.00 17,304,237.04 205,294,505.61 66 YOUTHS AND SPORT 3,084,130.52 2,958,230.54 2,985,574.71 2,839,179.49 2,927,091.23 2,927,265.85 2,974,351.70 3,100,285.74 3,104,824.36 3,104,824.36 3,035,271.38 3,035,271.38 36,076,301.26 67 MANUAL SUPPLIMENTARY PAYMENT - - - 101,680,641.27 60,610,662.63 59,619,899.81 32,324,860.20 99,745,342.54 11,601,058.60 1,529,691.24 0.00 0.00 367,112,156.29 TOTAL 1,121,656,565.74 1,116,405,424.81 1,117,380,853.23 1,434,777,542.15 1,430,517,319.11 1,458,397,206.82 1,473,315,826.79 1,467,578,911.71 1,381,029,120.11 1,367,687,002.67 1,362,306,800.03 1,356,650,958.78 16,087,703,531.95
  20. 20. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 Note 6(a)i PERSONNEL COSTS 6(a) i. Civil Servants' Salary N JANUARY 534,484,872.11 FEBRUARY 523,168,873.32 MARCH 522,021,502.90 APRIL 743,649,213.52 MAY 724,776,426.90 JUNE 733,130,217.11 JULY 722,914,810.64 AUGUST 742,458,222.92 SEPTEMBER 654,489,650.86 OCTOBER 644,106,772.40 NOVEMBER 638,353,817.15 DECEMBER 635,353,459.40 TOTAL 7,818,907,839.23 6(a)ii Political Office Holders' Salary N JANUARY 103,160,562.37 FEBRUARY 109,225,420.23 MARCH 111,348,219.07 APRIL 91,743,688.07 MAY 129,174,274.37 JUNE 131,434,781.48 JULY 147,078,431.55 AUGUST 142,283,888.52 SEPTEMBER 147,386,557.07 OCTOBER 146,545,351.52 NOVEMBER 148,137,591.63 DECEMBER 147,483,905.68 TOTAL 1,555,002,671.56 Page 23
  21. 21. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 6 (a)iii SECONDARY SCHOOLS TEACHERS' SALARY FOR JANUARY - DECEMBER, 2012 N JANUARY 484,011,131.26 FEBRUARY 484,011,131.26 MARCH 484,011,131.26 APRIL 599,384,640.56 MAY 576,566,617.82 JUNE 593,832,208.25 JULY 603,322,584.60 AUGUST 582,836,800.27 SEPTEMBER 579,152,912.18 OCTOBER 577,034,878.75 NOVEMBER 575,815,391.25 DECEMBER 573,813,593.70 TOTAL 6,713,793,021.16 SUMMARY N Public Servants' Salary 7,818,907,839.23 Political Office Holders' Salary 1,555,002,671.56 Teachers' Salary 6,713,793,021.16 16,087,703,531.95 Leave Bonus 687,989,658.71 Christmas Bonus 110,611,566.13 Furniture Allowance 243,210,975.08 SUB TOTAL 17,129,515,731.87 LESS: Refunds (60,541,327.30) GRAND TOTAL 17,068,974,404.57 NOTE 6 (b) PENSION AND GRATUITY ` Pensions 1,769,067,739.87 Gratuities 600,000,000.00 Total 2,369,067,739.87 Page 24
  22. 22. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 7 OVERHEAD COSTS A. ADMINISTRATIVE SERVICES HEAD MINISTRY/ DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 1 411-01 Ekiti State House of Assembly 650,000,000.00 566,198,753.78 83,801,246.22 2 411-02 Ekiti State House of Assembly Service Commission 17,500,000.00 17,297,998.00 202,002.00 3 412-01 Government House and Protocol 730,000,000.00 720,805,600.00 9,194,400.00 4 412-02 Office of Chief of Staff 6,750,000.00 5,476,453.41 1,273,546.59 5 412-03 Office of Deputy Chief of Staff (GH & P) 2,000,000.00 1,575,000.00 425,000.00 6 412-04 Office of SSA ( Policy & Strategy (GH & P) 2,000,000.00 1,050,000.00 950,000.00 7 412-05 Department of Internal Security (GH & P) 12,000,000.00 11,355,000.00 645,000.00 8 412-06 Office of Special Assistance (GH & P) 1,910,000.00 1,312,500.00 597,500.00 9 412-07 Office of Special Adviser (GH & P) 6,000,000.00 4,750,000.00 1,250,000.00 10 413-01 General Administration Department 110,000,000.00 102,351,450.81 7,648,549.19 11 413-02 Office of Special Assistance (Corporate Media) 1,750,000.00 1,365,000.00 385,000.00 12 413-03 SA Media / Chief Press Secretary 4,800,000.00 4,394,333.31 405,666.69 13 413-04 Office of Special Assistance (Media Liaison Office Abuja) 1,000,000.00 - 1,000,000.00 14 413-05 Serve-EKS (Formerly Servicom Agency) 5,000,000.00 4,980,000.00 20,000.00 15 413-06 Serve-EKS Steering Committee 1,500,000.00 1,181,000.00 319,000.00 16 413-07 Petroleum Product Cosumers' Protection Unit 3,700,000.00 1,034,000.00 2,666,000.00 17 413-08 Bureau of public procurement 7,500,000.00 7,278,960.00 221,040.00 18 413-09 Special Assistance on Special Projects 2,000,000.00 - 2,000,000.00 19 413-10 Social and Mass Mobilization 9,000,000.00 8,490,000.00 510,000.00 20 413-11 Ekiti Diaspora Office 3,000,000.00 687,000.00 2,313,000.00 21 413-12 Office of Special Assistant (Speech & Communication) 1,500,000.00 - 1,500,000.00 22 413-13 School Enterprise and Wealth Creation 2,400,000.00 855,750.00 1,544,250.00 23 413-14 Legislative Affairs (Governor's Office) 3,000,000.00 282,500.00 2,717,500.00 24 413-15 Office of Labour Relation 1,000,000.00 - 1,000,000.00 25 413-16 Office of Secretary to the State Government 24,967,517.00 23,582,297.35 1,385,219.65 26 413-17 Information Technology Department 1,800,000.00 1,241,500.00 558,500.00 27 413-18 Political & Economic Affairs Department 4,800,000.00 3,549,100.00 1,250,900.00 28 413-19 Public Private Pertnership 7,500,000.00 4,405,900.00 3,094,100.00 29 413-20 Political Parties & Inter-party Relations 6,000,000.00 4,990,500.00 1,009,500.00 30 413-21 Political & Economic Affairs Department (NIREC) 5,500,000.00 5,281,250.00 218,750.00 31 413-22 Ekiti State Christian Pilgrims Welfare Board 1,800,000.00 1,188,200.08 611,799.92 32 413-23 Ekiti State Muslim Pilgrims Welfare Board 1,800,000.00 796,200.08 1,003,799.92 Page 25
  23. 23. NOTE 7 OVERHEAD COSTS (CONT'D) HEAD MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 33 413-24 Office of the Head of Service 20,000,000.00 18,152,471.00 1,847,529.00 34 413-25 Public Service Co-ordinating Unit (HOS) 4,000,000.00 - 4,000,000.00 35 413-26 Utility Services Department (Office of HOS) 6,000,000.00 1,912,736.00 4,087,264.00 36 413-26b Maintenance of State Secretariat 5,000,000.00 - 5,000,000.00 37 413-27 Special Adviser on Legal Matters 3,000,000.00 1,169,901.00 1,830,099.00 38 413-28 Office of Establishment & Training 50,000,000.00 49,386,650.00 613,350.00 39 413-29 Civil Service Training School 5,000,000.00 665,491.00 4,334,509.00 40 413-30 Contributory Pensions Commission 24,157,600.00 12,100,000.00 12,057,600.00 41 413-31 Staff Housing Loan's Board 1,500,000.00 601,983.47 898,016.53 42 413-32 Office of Snr Special Assistant on Project Monitoring 1,687,500.00 1,373,500.00 314,000.00 43 413-33 Civil Society Department (formerly NEPAD) 3,000,000.00 2,502,600.00 497,400.00 44 413-34 Fiscal Responsibility Commission 6,000,000.00 5,670,000.00 330,000.00 45 413-35 Senior Special Adviser Intergovernmental Relation 1,500,000.00 - 1,500,000.00 46 413-38 Bureau of Special Projects 6,000,000.00 4,000,000.00 2,000,000.00 47 414-01 Min. of Intergration & intergovernmental Relations 9,000,000.00 7,214,686.00 1,785,314.00 48 414-02 Multilateral Department 5,000,000.00 3,145,000.00 1,855,000.00 49 415-01 Bureau of Infrastructure & Public Utility 7,200,000.00 5,800,500.00 1,399,500.00 50 415-02 Ekiti Rural Water Supply & Sanitation Agency (ERUWASSA) 1,500,000.00 1,140,000.00 360,000.00 51 416-01 Cabinet and Special Services 94,130,000.00 81,012,233.00 13,117,767.00 52 416-02 Maintenance of Exco Chamber 6,120,000.00 5,814,000.00 306,000.00 53 417-01 Office of the Deputy Governor 200,000,000.00 173,124,400.00 26,875,600.00 54 417-02 Deputy Chief of Staff (Dep. Gov. Office) 5,500,000.00 1,800,000.67 3,699,999.33 55 417-03 Senior Executive Assistant on Media (Dep. Gov.) 5,000,000.00 2,748,001.67 2,251,998.33 56 417-04 Ekiti State Boundary Commission 3,360,000.00 1,520,000.00 1,840,000.00 57 418-01 Ministry of local Government and Community Dev. 10,000,000.00 7,600,000.00 2,400,000.00 58 418-02 Bureau of Chieftaincy Affairs 19,984,032.00 6,350,000.00 13,634,032.00 59 418-03 Ekiti State Council of Obas 40,000,000.00 35,755,000.00 4,245,000.00 60 419-01 Ministry of Budget & Economic Planning 40,000,000.00 39,976,821.00 23,179.00 61 419-02 Economic Development Council (MB&ED) 14,000,000.00 9,406,250.00 4,593,750.00 62 419-03 Development Planning & Strategy Committee (MB&ED) 3,000,000.00 1,007,810.00 1,992,190.00 63 419-04 Millenium Development Goals (MDGs) Office 7,500,000.00 3,672,100.00 3,827,900.00 64 419-05 Budget Office 20,000,000.00 19,327,500.00 672,500.00 65 419-06 Bureau of Statistics 6,000,000.00 3,840,600.00 2,159,400.00 66 420-01 Ministry of Women Affairs, Gender Empowerment & Social Welfare12,000,000.00 9,109,520.00 2,890,480.00 67 420-02 Women Develoment Centre 1,350,000.00 202,250.00 1,147,750.00 68 420-03 State Child's Right Implementation and Monitoring Committee5,000,000.00 4,494,300.00 505,700.00 69 420-04 Special Assistant Social Welfare - - - Page 26
  24. 24. NOTE 7 OVERHEAD COSTS (CONT'D) HEAD MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 70 421 Min. of Youth & Sports 8,500,000.00 4,509,166.73 3,990,833.27 71 423-01 Ministry of Commerce, Industries & Cooperatives 15,000,000.00 12,896,150.00 2,103,850.00 72 423-02 Multipurpose Credit Agency 9,175,600.00 4,170,600.00 5,005,000.00 73 423-03 Enterprise Development Agency 11,000,000.00 8,578,269.00 2,421,731.00 74 423-04 Co-operative Development 8,000,000.00 7,538,000.00 462,000.00 75 424-01 Ministry of Culture, Arts And Tourism 8,000,000.00 6,614,500.00 1,385,500.00 76 424-02 Ekiti State Council of Arts and Culture 5,000,000.00 3,250,000.00 1,750,000.00 77 424-03 Tourism Development 9,000,000.00 5,813,850.00 3,186,150.00 78 426-01 Ministry of Finance 60,913,956.00 59,559,233.64 1,354,722.36 79 426-03 State Revenue & Investment Committee 4,366,666.68 2,366,666.68 2,000,000.00 80 426-04 Fiscal Committee Secretariat (fomerly CAC) 9,337,999.00 8,338,000.00 999,999.00 81 426-05 Debt Management Office 8,000,000.00 7,379,666.67 620,333.33 82 426-06(a) Office of the Accountant-General 55,000,000.00 51,317,532.46 3,682,467.54 83 426-06(b) Central Pay Office 1,500,000.00 500,000.00 1,000,000.00 84 426-06(c) Main Account and Management Services 1,500,000.00 500,000.00 1,000,000.00 85 426-07 Project Finance Management Unit (World Bank Projects) 3,800,000.00 513,200.02 3,286,799.98 86 426-08(a) Office of Special Adviser (Revenue & Taxation) 8,000,000.00 4,071,000.00 3,929,000.00 87 426-08(b) Internal Revenue Services 42,000,000.00 30,581,335.00 11,418,665.00 88 426-09 Budget Monitoring Committee (MB&ED) 15,000,000.00 8,534,379.68 6,465,620.32 89 426-11 SGCBP II 5,000,000.00 2,477,083.35 2,522,916.65 90 426-12 Expenditure Department 5,000,000.00 4,998,900.00 1,100.00 91 426-13 State Finance Department 2,500,000.00 2,461,500.00 38,500.00 92 426-14 Ekiti State Economic Management Team 15,000,000.00 12,070,000.00 2,930,000.00 93 426-15 Budget Evaluation & Imlementation Committee 4,000,000.00 3,908,333.34 91,666.66 94 426-16 Signage & Advertisement Agency 20,000,000.00 14,891,311.00 5,108,689.00 95 428-01 Minstry of Justice 10,000,000.00 6,704,041.71 3,295,958.29 96 428-02 Ekiti State Citizen's Right 2,000,000.00 1,583,333.41 416,666.59 97 430-04 State Auditor-General's Office 16,000,000.00 14,838,665.34 1,161,334.66 98 430-05 Local Government Audit Office 7,500,000.00 5,020,575.00 2,479,425.00 99 430-06 Civil Service Commission 20,000,000.00 19,258,500.00 741,500.00 100 430-07 Min. of Information, Communication and Civic Orientation 11,000,000.00 10,587,850.00 412,150.00 101 430-08 Government Printing Press 2,500,000.00 902,925.00 1,597,075.00 102 430-09 Allowance for Rehabilitation Centre, Juvenile Home & Motherless Babies Home 13,000,000.00 11,400,000.00 1,600,000.00 103 430-10 Ministry of Housing & Environment 16,000,000.00 15,411,610.00 588,390.00 104 430-12 State Environmental Protection Agency 13,500,000.00 12,261,374.77 1,238,625.23 105 430-13 Ekiti State Waste Management Board 21,000,000.00 18,685,000.06 2,314,999.94 106 430-14 Ekiti State Emergency Management Agency 11,000,000.00 7,047,300.00 3,952,700.00 107 430-15 Urban Renewal Agency (formerly CUDA) 5,000,000.00 3,450,000.00 1,550,000.00 108 430-16 Ministry of Special Duties 12,000,000.00 9,776,830.00 2,223,170.00 Page 27
  25. 25. NOTE 7 OVERHEAD COSTS (CONT'D) HEAD MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 109 430-17 Ekiti State Liaison Office, Lagos 15,000,000.00 14,749,355.00 250,645.00 110 430-18 Governor's Lodge, Lagos 2,500,000.00 1,593,000.00 907,000.00 111 430-19 Deputy Governor's Lodge, Lagos 1,800,000.00 243,000.00 1,557,000.00 112 430-20 Ekiti State Liaison Office, Abuja 38,000,000.00 36,423,750.00 1,576,250.00 113 430-21 Governor's Lodge, Abuja 5,000,000.00 98,750.00 4,901,250.00 114 430-22 Deputy Governor's Lodge, Abuja 3,000,000.00 2,937,500.00 62,500.00 115 413-23 Special Adviser on National Assembly Matters 8,000,000.00 4,625,800.00 3,374,200.00 116 430-24 Ekiti State Liaison Office, Akure 1,500,000.00 552,750.00 947,250.00 117 430-25 Ministry of Labour , Productivity & Human Capital Dev. 7,000,000.00 5,773,500.00 1,226,500.00 118 430-26 Job Creation & Employment Agency 209,000,000.00 208,760,660.00 239,340.00 119 430-27 Office of Transformation, Strategy & Delivery 25,000,000.00 21,403,700.00 3,596,300.00 120 430-28 Project Monitoring Unit (now in B&EP) 8,500,000.00 6,697,500.00 1,802,500.00 121 430-29 CGS to LGAs Track (MDG) 15,000,000.00 7,965,287.50 7,034,712.50 122 430-84 Take-off Grant for newly created Agencies 100,000.00 100,000.00 - 123 430-30 Special Project Monitoring & Evaluation Office 5,000,000.00 1,962,500.00 3,037,500.00 124 430-46 National Sport Festival 30,000,000.00 28,989,832.00 1,010,168.00 125 430-47 Finance Publication/Other Radio Sponsored Prog. 7,000,000.00 6,333,650.00 666,350.00 126 430-48 Grassroot Sport Development Programme 100,000.00 100,000.00 - 127 430-49 Entrepreneurship Development Project 1,443,000.00 500,000.00 943,000.00 128 430-50 Christian Pilgrims Operations 51,260,808.00 50,692,808.00 568,000.00 129 430-51 Muslim Pilgrims Operations 53,279,402.00 53,279,402.00 - 130 430-52 Joint Tax Board & CITN Contributions 54,000,000.00 53,700,000.00 300,000.00 131 430-53 Entitlement of Former Political Office Holders (Pol. & Econ. Affair) 50,000,000.00 30,743,783.40 19,256,216.60 132 430-54 Furniture Allowance for Public Officer (Pol. & Econ. Affair) 232,572,851.56 62,521,638.20 170,051,213.36 133 430-55 Cash and material Assistance to Disaster Victim (SEMA) 15,000,000.00 11,495,809.76 3,504,190.24 134 430-56 Govt Assistant to Civil Service Senior Staff Club - - - 135 430-57 Capacity Building for Political Office holders 15,000,000.00 - 15,000,000.00 136 430-58 Capacity Building for Artisans (Min. of Labour) 4,635,000.00 - 4,635,000.00 137 430-59 Advocacy Meeting (Intergovernmental Relations) 15,000,000.00 14,291,785.50 708,214.50 138 430-60 TV Programme tagged Enterprise today - - - 139 430-61 Sport Competition (Min. of Sports) 6,000,000.00 5,545,000.00 455,000.00 140 430-62 State & National Government Policy 6,666,700.00 6,471,700.00 195,000.00 141 430-63 Quarterly Legislative/Executive Parley 30,354,150.00 29,155,400.00 1,198,750.00 142 430-64 Regional Legislative Forum 10,000,000.00 - 10,000,000.00 143 430-65 EKHA Research & Documentation Centre 10,000,000.00 - 10,000,000.00 144 430-66 Maintenance of Fur/Equip. of Governor's office & Deputy Governor's Office17,333,753.00 10,791,469.45 6,542,283.55 145 430-67 Hosting of National Women Council 8,644,500.00 - 8,644,500.00 146 430-68 Women Empowerment Programme 70,000,000.00 66,319,000.00 3,681,000.00 147 430-69 National and International Arts & Cultural Activities 38,000,000.00 35,603,700.00 2,396,300.00 148 430-70 Ekiti State Festival of Arts 20,000,000.00 - 20,000,000.00 149 430-71 Overseas Trip for Staff & Members of Board & Commissions10,000,000.00 6,949,032.61 3,050,967.39 Page 28
  26. 26. NOTE 7 OVERHEAD COSTS (CONT'D) HEAD MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 150 430-72 Civil Service Transformation Strategy 170,000,000.00 169,279,066.68 720,933.32 151 430-73 Reference Library - - - 152 430-74 State Civil Service Journal 6,000,000.00 - 6,000,000.00 153 430-75 Special Duties Intervention Fund - - - 154 430-76 Skill Acquisition/Vocation & Artisan Devt (under Job Creation) 40,156,230.00 38,156,230.00 2,000,000.00 155 430-77 Litigation Prosecution and other Related Expenses (MOJ) 10,000,000.00 - 10,000,000.00 156 430-78 Orientation and Mass Mobilization Programme 15,090,000.00 13,090,000.00 2,000,000.00 157 430-79 Office Rent (EKCSDA) 2,000,000.00 - 2,000,000.00 158 430-80 Survey on Public Service Delivery in Urb.Centre in Ekiti State 20,000,000.00 - 20,000,000.00 159 430-81 Development of Mechanism for the tracking of 8 point Agenda across MDAS20,000,000.00 - 20,000,000.00 160 430-82 Community- Based of Public Service Delivery in Ekiti State 15,000,000.00 - 15,000,000.00 161 430-83 Impact Assessment of the 8 Point Agenda 15,000,000.00 - 15,000,000.00 Total 4,200,997,265.24 3,442,015,594.59 758,981,670.65 ` B. Education Services 1 425-01 Ministry of Education, Science and Technology 12,000,000.00 9,606,300.00 2,393,700.00 2 425-02 Education Trust Fund ( formerly Education Endowment Fund) 5,000,000.00 4,545,000.00 455,000.00 3 425-03 Ekiti State Scholarship Board 2,000,000.00 593,750.00 1,406,250.00 4 425-04 Agency for Adult and Non-Formal Education 6,500,000.00 5,666,030.00 833,970.00 5 425-05 Board for Technical and Vocational Education 3,675,000.00 2,140,373.30 1,534,626.70 6 430-31 Private Nursery/Primary Schools/ Tertiary Institutions 3,791,900.00 3,532,900.00 259,000.00 7 430-32 Shipment of Books from USA - - - 8 430-33 Hosting of Ekiti State Tourism - - - 9 430-34 Literacy by Radio Programme 1,000,000.00 200,000.00 800,000.00 10 430-35 Summer Vocational Traning Programme - - - 11 430-36 Payment of Students WAEC and NECO - - - 12 430-37 Capacity Building and National Education 5,000,000.00 - 5,000,000.00 13 430-38 Grants to Life Academy at Ilumoba - - - 14 430-39 Capacity Building for Teachers 8,417,200.00 7,734,200.00 683,000.00 15 430-40 Continuous Education Centre 3,000,000.00 - 3,000,000.00 16 430-41 Free Coaching / Free JAMB Forms 2,770,000.00 1,406,200.00 1,363,800.00 17 430-44 Schools Sports (Ministry of Youth and Sports) - - - 18 430-45 Schools' Sports (Ministry of Education) 3,000,000.00 2,253,900.00 746,100.00 Total 56,154,100.00 37,678,653.30 18,475,446.70 C. WORKS AND TRANSPORT SERVICES 1 429-01 Ministry of Works and Transport 11,000,000.00 7,465,285.00 3,534,715.00 2 429-02 Department of Public Transportation 2,000,000.00 1,115,000.00 885,000.00 3 429-03 Ekiti State Traffic Management Agency 41,000,000.00 8,088,000.00 32,912,000.00 5 430-01 Ministry of Physical, Urban and Regional Planning 19,200,000.00 19,022,454.00 177,546.00 6 430-02 Bureau of Land Services 5,000,000.00 4,394,500.00 605,500.00 7 430-03 Ofice of the Surveyor - General 6,000,000.00 5,815,736.00 184,264.00 Total 84,200,000.00 45,900,975.00 38,299,025.00 Page 29
  27. 27. NOTE 7 OVERHEAD COSTS (CONT'D) HEAD MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N D. HEALTH SERVICES 1 427-01 Ministry of Health 9,500,000.00 7,824,200.64 1,675,799.36 2 427-03 Hospitals' Management Board 10,500,000.00 6,763,535.00 3,736,465.00 3 427-04 Runing Grants to Secondary Health Facilities (HMB) 47,000,000.00 46,200,000.00 800,000.00 4 427-05 Primary Health Care Development Bureau 10,000,000.00 9,536,225.00 463,775.00 5 427-06 Health Funding Bureau (formerly Health Intergration) 200,000.00 150,000.00 50,000.00 6 427-07 Central Medical Store 3,800,000.00 1,772,915.69 2,027,084.31 7 430-42 Health Campain and Capacity Building for Health workers 1,123,150.00 223,000.00 900,150.00 8 430-43 National Council on Health Matters 333,750.00 333,750.00 - Total 82,456,900.00 72,803,626.33 9,653,273.67 E. AGRICULTURAL SERVICES 1 422-01 Ministry of Agriculture and Natural Resources 16,500,000.00 11,501,858.72 4,998,141.28 2 422-02 Bureau of Rural Development 7,500,000.00 6,029,500.00 1,470,500.00 3 422-03 Sericulture Development Project 3,000,000.00 1,583,333.35 1,416,666.65 4 422-04 FADAMA II 1,500,000.00 420,000.00 1,080,000.00 5 422-05 Agric Millennium Services Project & Cassava Revolution 2,350,000.00 1,187,500.00 1,162,500.00 6 430-11 Forestry Department 3,000,000.00 2,950,000.00 50,000.00 Total 33,850,000.00 23,672,192.07 10,177,807.93 SUMMARY OF NOTE 7 A ADMINISTRATIVE SERVICES 4,200,997,265.24 3,442,015,594.59 758,981,670.65 B EDUCATION SERVICES 56,154,100.00 37,678,653.30 18,475,446.70 C WORKS AND TRANSPORT SERVICES 84,200,000.00 45,900,975.00 38,299,025.00 D HEALTH SERVICES 82,456,900.00 72,803,626.33 9,653,273.67 E AGRICULTURAL SERVICES 33,850,000.00 23,672,192.07 10,177,807.93 GRAND TOTAL 4,457,658,265.24 3,622,071,041.29 835,587,223.95 Page 30
  28. 28. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 8 TRANSFER TO OTHER FUNDS HEAD SUB-HEAD ESTIMATE ACTUAL EXPEND. VARIANCE 433 JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 1 CONSOLIDATED STAFF LOAN SCHEME 307,491,602.00 275,184,000.00 32,307,602.00 2(a) CONTIGENCY FUND FINANCE 3,962,632,664.28 1,485,982,639.00 289,832,815.28 2(b) CONTIGENCY PROTOCOL - 1,827,257,210.00 2(c) CONTINGENCY GAD - 245,000,000.00 2(d) CONTINGENCY DEPUTY GOVERNOR - 1,500,000.00 2(e) CONTINGENCY YOUTH AND SPORT - 3,860,000.00 2(f) CONTINGENCY MIN. OF EDUCATION - 109,200,000.00 3 SCHOLARSHIP SCHEME 150,000,000.00 28,849,500.00 121,150,500.00 4 NATIONAL EDUCATION PROGRAMMES 51,023,200.00 35,825,859.00 15,197,341.00 5 GRANTS TO SECONDARY SCHOOLS 85,499,999.00 47,486,000.97 38,013,998.03 6 GRANTS TO TECHNICAL COLLEGES 20,000,000.00 19,318,795.00 681,205.00 7 FEEDING AND MAINTENANCE OF SPECIAL SCHOOLS 30,000,000.00 29,797,200.00 202,800.00 8 CONDUCT OF SCHOOLS' EXAMINATIONS 88,076,000.00 71,977,874.00 16,098,126.00 9 MONITORING WAEC/NECO EXAMS 6,500,000.00 5,867,714.00 632,286.00 10 NABTEB, FEDERAL CRAFT EXAM. 7,498,650.00 7,498,650.00 - 11 PAYMENT OF STUDENTS' WAEC AND NECO 88,783,028.00 87,220,527.50 1,562,500.50 12 GRANTS TO STUDENTS FOR COMPUTER 1,700,000,000.00 - 1,700,000,000.00 13 HEALTH INTERVENTION FUNDS (MOH) 50,000,000.00 44,131,600.00 5,868,400.00 14 HEALTH MISSION 180,000,000.00 77,183,082.00 102,816,918.00 15 CENTRALISATION OF ADVERTISEMENT (MINI. OF INFOM)200,000,000.00 161,503,847.11 38,496,152.89 16 FUELING OF GOVERNMENT VEHICLES/GEN. SETS 294,964,773.00 210,433,773.00 84,531,000.00 17 UTILITY SERVICES BILLS (FINANCE) 89,957,417.00 82,209,653.33 7,747,763.67 18 CHARITY FUND (POLITICAL & ECONOMIC) 110,000,000.00 108,676,216.82 1,323,783.18 19 LOGISTIC FOR ELECTION (BOTH STATE & LOCAL ELECTIONS) (POLITICAL & ECONOMIC) 15,000,000.00 - 15,000,000.00 20 COMMITTEE AND COMMISSION 16,080,000.00 15,960,000.00 120,000.00 21 PRINTING OF TREASURY RECEIPT/ OTHER DOCUMENTS15,000,000.00 7,901,280.00 7,098,720.00 22 CAPACITY BUILDING FOR CIVIL SERVANTS 60,000,000.00 52,807,741.00 7,192,259.00 23 ACQUISITION OF PLATE NOS/CONSULTANCY FEE ON IGR(BIR) - - PERFORMANCE ENHANCEMENT 100,000,000.00 51,300,000.00 48,700,000.00 24 OVERSEAS TRIP FOR GOVERNOR & AIDES 100,000,000.00 99,318,334.90 681,665.10 25 PAYMENT OF STREET SWEEPERS IN ADO & IKERE- EKITI140,000,000.00 128,317,000.00 11,683,000.00 26 LOGISTICS FOR PROCUREMENT OF N20 BILLION BONDS - - - 27 VOLUNTEER ALLOWANCE (UNDER JOB CREATION) 711,774,545.00 362,136,260.00 349,638,285.00 Page 31
  29. 29. NOTE 8 TRANSFER TO OTHER FUNDS (CONT'D) HEAD ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 28 GOVERNMENT ASSISTANCE TO INDIGENT PEOPLE 50,000,000.00 31,803,000.00 18,197,000.00 29 HOUSE OF ASSEMBLY OUTFIT ALLOWANCE 25,000,000.00 - 25,000,000.00 30 PARTICIPATION AT THE SPEAKERS CONFERENCE 10,000,000.00 8,702,500.00 1,297,500.00 31 PARLIAMENTARY CONFERENCE (LOCAL,AFRICA & COMMONWEALTH)30,000,000.00 13,622,022.00 16,377,978.00 32 TRAINING FOR HON. MEMBERS (LOCAL & OVERSEA) 90,000,000.00 38,662,564.00 51,337,436.00 33 PUBLIC HEARING BILLS & SPECIAL COMM. ASSIGNMENT20,000,000.00 12,138,000.00 7,862,000.00 34 MAINTENANCE OF SPEAKER'S HOUSE 40,000,000.00 29,607,542.00 10,392,458.00 35 MAINTENANCE OF DEPUTY SPEAKER'S HOUSE 15,000,000.00 14,400,000.00 600,000.00 36 INSURANCE FOR HONOURABLE MEMBERS 20,000,000.00 - 20,000,000.00 37 PILGRIMAGES TO HOLY LANDS 39,425,000.00 39,425,000.00 - 38 CONTIGENCY (HOUSE OF ASSEMBLY) 120,000,000.00 117,479,620.00 2,520,380.00 39 SALARIES AND ALLOWANCES 2ND ASSEMBLY MEMBERS 10,000,000.00 - 10,000,000.00 40 CAPACITY BUILDING FOR LEGISLATIVE STAFF (HOA COMMISSION) 5,000,000.00 359,000.00 4,641,000.00 41 STAFF LOANS BOARD (HOUSE OF ASSEMBLY COMMISSION)20,000,000.00 - 20,000,000.00 42 NYSC WELFARE 20,000,000.00 - 20,000,000.00 43 SPECIAL INTERVENTION FUND-PROJECTS AND PROGRAMMES 4,761,440,662.48 - 4,761,440,662.48 44 AUTOMATED BUDGETING SYSTEM 10,000,000.00 - 10,000,000.00 45 BUREAU OF COMMUNICATIONS AND STRATEGY 130,000,000.00 28,146,538.00 101,853,462.00 TOTAL 13,996,147,540.76 6,018,050,543.63 7,978,096,997.13 Page 32
  30. 30. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 9 AGRICULTURAL SERVICESGRANTS TO PARASTATALS AND TERTIARY INSTITUTIONS HEAD SUB MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE 432 HEAD JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 1 The Judiciary 863,500,754.40 829,992,961.00 33,507,793.40 2 Judicial Service Commission 70,000,000.00 65,191,992.00 4,808,008.00 3 Ekiti State Library Board 20,000,000.00 10,324,069.96 9,675,930.04 4 Ekiti State Electricity Board 90,000,000.00 28,528,528.94 61,471,471.06 5 College of Education, Ikere Ekiti 1,800,000,000.00 1,750,423,656.00 49,576,344.00 6 University Teaching Hospital, Ado-Ekiti 1,800,000,000.00 1,789,035,795.48 10,964,204.52 7 Ekiti State University (Including College of Medicine) 2,521,000,000.00 2,520,038,583.54 961,416.46 8 Teaching Service Commission 6,882,725,007.00 47,985,000.00 6,834,740,007.00 9 Broadcasting Service of Ekiti State (BSES) 237,564,823.84 132,523,672.49 105,041,151.35 10 Ekiti State Sports Council 102,000,000.00 - 102,000,000.00 11 Grassroots Sport Development Programme - - - 12 Fountain Football Club 20,000,000.00 18,000,000.00 2,000,000.00 13 Ekiti State Housing Corporation 80,000,000.00 32,275,931.05 47,724,068.95 14 Ekiti State Local Government Service Commission 20,000,000.00 - 20,000,000.00 15 Nigeria Security and Civil Defence Corps 7,000,000.00 6,999,996.00 4.00 16 Agricultural Development Project 150,000,000.00 56,316,917.97 93,683,082.03 17 Ekiti State Marketing Development Board 31,129,743.19 11,885,307.85 19,244,435.34 18 Nigerian Legion 2,000,000.00 1,800,000.00 200,000.00 19 Cooperative College, Ijero Ekiti 4,000,000.00 3,918,222.00 81,778.00 20 SUBEB 250,000,000.00 116,824,657.29 133,175,342.71 21 Ekiti State Water Corporation 235,799,624.00 120,744,474.13 115,055,149.87 22 Domestic and External Publicity (Min of Information and Civic Orientation)59,288,246.00 58,487,386.00 800,860.00 23 College of Health Sciences &Technology 60,000,000.00 59,356,920.52 643,079.48 24 State Independent Electoral Commission (SIEC) 85,000,000.00 27,952,732.43 57,047,267.57 25 Public Works Corporation 182,500.00 182,500.00 - 26 State Aids Control Agency 10,000,000.00 3,604,166.65 6,395,833.35 27 Customary Court of Appeal 7,500,000.00 - 7,500,000.00 TOTAL 15,408,690,698.43 7,692,393,471.30 7,716,297,227.13 Page 33
  31. 31. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 10 AGRICULTURAL SERVICESCAPITAL RELEASES TO MIN./DEPTS. HEAD SUB (10A) ECONOMIC SECTOR ESTIMATE ACTUAL EXPEND. VARIANCE HEAD JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 451 Agric. & Natural Resources N N N 1 Agriculture Services Department 788,000,000.00 24,845,943.26 763,154,056.74 2 Planning, Research and Statistic 10,000,000.00 - 10,000,000.00 3 Produce Department 9,160,000.00 - 9,160,000.00 4 Tree Crops Department 4,000,000.00 - 4,000,000.00 5 Livestock Department - - - 6 Fisheries Department 1,000,000.00 - 1,000,000.00 7 Veterinary Department 6,705,000.00 - 6,705,000.00 8 Forestry Department 16,000,000.00 - 16,000,000.00 9 Sericulture Programme - - - 10 Afforestation - - - 11 Agricultural Development Project (ADP) FADAMA 71,900,000.00 2,554,000.00 69,346,000.00 12 Farm Settlement And Farmers Development Agency 13,000,000.00 - 13,000,000.00 13 Ekiti State Marketing Development Board - - - 14 Bureau of Rural Development 138,752,000.00 - 138,752,000.00 15 Fertilizer (Deduction at Source) - 422,887,500.00 - 16 Commercial Agric Credit Sheme - 425,677,037.02 - 17 Foreign Loan Draw Down - 343,620,220.50 - Total 1,058,517,000.00 1,219,584,700.78 - SME and Poverty Reduction 452 1 Ministry of Commerce and Industries 341,432,030.00 94,795,159.00 246,636,871.00 2 Foreign Loan Draw Down - 262,516,906.99 - Total 341,432,030.00 357,312,065.99 - 453 1 Ministry of Art, Culture & Tourism 43,000,000.00 6,652,242.82 36,347,757.18 2 Ekiti State Council of Arts and Culture 5,000,000.00 - 5,000,000.00 3 Tourism Development 1,022,392,012.00 21,996,766.55 1,000,395,245.45 4 Ministry of Finance 820,000,000.00 121,620,927.15 698,379,072.85 5 Solid Mineral Development and Mining Agency - - - 6 Ekiti State Marketing Development Board - - - 7 Ekiti Enterprise Development Agency (EED) 195,000,000.43 175,867,083.55 19,132,916.88 8 Fountain Holding Limited 550,000,000.00 535,000,000.00 15,000,000.00 Total 2,635,392,012.43 861,137,020.07 1,774,254,992.36 454 Infrastructure 1 Min. of Employment , Labour & Human Capital Dev. 980,000,000.00 977,992,314.00 2,007,686.00 2 Job Creation & Employment Agency 17,000,000.00 - 17,000,000.00 3 Multipurpose Credit Agency 5,500,000.00 3,460,841.40 2,039,158.60 4 Ekiti state Community &Social Development Agency 115,000,000.00 - 115,000,000.00 5 Bureau of Infrastructure & Public Utility 3,718,594,931.00 1,787,071,254.53 1,931,523,676.47 6 Electricity Board 992,031,176.48 709,029,114.19 283,002,062.29 7 Information Technology Department 630,000,000.00 290,186,195.48 339,813,804.52 8 Ekiti State Water Corporation 914,010,355.43 354,485,197.46 559,525,157.97 Page 34
  32. 32. NOTE 10 CAPITAL RELEASES TO MIN./DEPTS.(CONT'D) HEAD SUB MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE HEAD JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 9 Ekiti State Rural WaterSupply & Sanitation Agency 81,103,486.25 8,760,335.11 72,343,151.14 10 Ministry of Works & Transports 13,038,745,632.08 12,279,423,055.33 759,322,576.75 11 Ekiti State Traffic Management Agency 142,000,000.00 82,423,774.00 59,576,226.00 12 Public Transport Department 8,265,390.00 1,265,390.00 7,000,000.00 13 Ekiti state Management Consultancy Board - - - 14 Public Works Corporation 330,000,000.00 38,917,560.40 291,082,439.60 15 Ekiti State Housing Corporation 253,461,996.00 4,461,751.35 249,000,244.65 16 Foreign Loan Draw Down - 19,450,771.54 (19,450,771.54) Total 21,225,712,967.24 16,556,927,554.79 4,668,785,412.45 Total Economic Sector 25,261,054,009.67 18,994,961,341.63 6,266,092,668.04 (10B) SOCIAL SERVICES SECTOR 455 Education 1 Ministry of Education, Science and Technology 865,447,689.00 731,290,140.32 134,157,548.68 2 School Enterprises and Wealth Creation Agency 8,970,173.00 3,486,840.00 5,483,333.00 3 Ekiti State Scholarship Board - - - 4 State Universal Basic Education (SUBEB) 1,143,000,000.00 1,116,400,094.00 26,599,906.00 5 Board for Technical & Vocational Education 22,328,764.08 2,349,507.50 19,979,256.58 6 Agency for Adult & Non Formal Education 2,505,000.00 2,205,430.25 299,569.75 7 Teaching Service Commission - - - 8 Ekiti State Library Board 11,700,000.00 7,390,709.00 4,309,291.00 9 Education Trust Fund 7,000,000.00 6,776,712.00 223,288.00 10 Ekiti State University, Ado - Ekiti 350,000,000.00 200,000,000.00 150,000,000.00 11 College of Medical Science 500,000,000.00 - 500,000,000.00 12 College of Educaton Ikere Ekiti 150,000,000.00 50,000,000.00 100,000,000.00 13 Foreign Loan Draw Down - 909,600,000.00 - Total: 3,060,951,626.08 3,029,499,433.07 31,452,193.01 456 Health 1 Ministry Of Health 973,051,606.91 436,805,211.33 536,246,395.58 2 College of Health Technology , Ijero Ekiti 180,000,000.00 54,645,989.00 125,354,011.00 3 University Teaching Hospital 466,920,000.00 263,537,782.46 203,382,217.54 4 Primary Health Care Development Agency 27,000,000.00 6,075,050.00 20,924,950.00 5 Central Medical Centre 94,900,000.00 28,000,000.00 66,900,000.00 6 Hospitals' Management Board 110,076,840.00 6,904,203.00 103,172,637.00 7 State Action Committee on AIDS 75,000,000.00 43,942,469.00 31,057,531.00 8 Foreign Loan Draw Down - 542,515,234.45 - Total: 1,926,948,446.91 1,382,425,939.24 544,522,507.67 457 Information Services & Social Development 1 Ministry of Information, Comm.& Civic Orientation 194,000,000.00 170,172,271.00 23,827,729.00 2 Brodcasting Service of Ekiti State (BSES) 413,170,000.00 54,502,992.52 358,667,007.48 3 Government Priniting Press 4,712,000.00 - 4,712,000.00 4 Ministry of Youth and Sports Development 501,662,497.00 406,143,627.90 95,518,869.10 5 Ekiti State Sports Council 39,000,000.00 - 39,000,000.00 6 Ministry of Women Affairs, Gender Empowerment & Social Welfare142,226,645.00 85,706,660.81 56,519,984.19 7 Women Development Centre, Igede 58,700,000.00 - 58,700,000.00 8 Social Welfare Grants - - Total 1,353,471,142.00 716,525,552.23 636,945,589.77 Total Social Service Sector 6,341,371,214.99 5,128,450,924.54 1,212,920,290.45 Page 35
  33. 33. NOTE 10 CAPITAL RELEASES TO MIN./DEPTS.(CONT'D) HEAD SUB MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE HEAD JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 458 (10C) ENVIRONMENTAL DEVELOPMENT SECTOR N N N 1 Ministry of Physical, Urban and Regional Planning 33,000,000.00 13,216,800.00 19,783,200.00 2 Bureau of Lands 673,662,500.00 104,214,800.43 569,447,699.57 3 Office of the surveyor General 88,374,710.00 420,776.00 87,953,934.00 4 Urban Renewal Agency 451,465,967.87 193,727,409.39 257,738,558.48 5 Ministry of Housing and Environment 6,500,000.00 2,000,000.00 4,500,000.00 6 State Environmental Protection Agency (SEPA) 789,069,944.60 574,445,427.32 214,624,517.28 7 Waste Management Authority 311,000,000.00 41,810,353.16 269,189,646.84 8 Ministry of Special Duties 528,500,000.00 5,641,950.00 522,858,050.00 9 Emergency Services Department (Under Min. of Special Duties)14,460,328.64 2,731,052.00 11,729,276.64 10 Civil Society Department (formally NEPAD) 5,000,000.00 - 5,000,000.00 11 Foreign Loan Draw Down - 789,150.00 - Total: 2,901,033,451.11 938,997,718.30 1,962,035,732.81 459 (10D) ADMINISTRATIVE SECTOR 1 Minstry of Justice 27,480,000.00 12,892,108.00 14,587,892.00 2 The Judiciary 205,135,650.00 202,750,000.00 2,385,650.00 3 Judical Service Commission 159,000,000.00 16,222,279.95 142,777,720.05 4 General Administration Department 1,831,876,078.00 1,421,140,944.26 410,735,133.74 5 Office of the Secretary to the State Government 14,129,000.00 - 14,129,000.00 6 Office of the Head of Service 2,219,724.00 - 2,219,724.00 7 Bureau of Public Procurement 145,000,000.00 30,881,899.76 114,118,100.24 8 Ekiti State Signage & Advertisement Agency 251,600,000.00 21,835,000.00 229,765,000.00 9 Liaison Office, Lagos 5,850,000.00 850,000.00 5,000,000.00 10 Liaison Office, Abuja 111,500,000.00 49,184,284.07 62,315,715.93 11 Utility Services Department 12,200,000.00 4,163,970.00 8,036,030.00 12 Political and Inter-party Relations Department 2,500,000.00 - 2,500,000.00 13 Ministry of Local Govt. & Community Development 520,750,000.00 449,043,467.69 71,706,532.31 14 Bureau of Chieftaincy Affairs 29,000,000.00 - 29,000,000.00 15 Deputy Governor's Office 1,500,000.00 - 1,500,000.00 16 Government House and Protocol 417,000,000.00 83,758,689.65 333,241,310.35 17 Ekiti State Boundary Commission 4,800,000.00 2,020,000.00 2,780,000.00 18 Christian Pilgrims Welfare Board 2,000,000.00 - 2,000,000.00 19 Muslim Pilgrims Welfare Board 5,000,000.00 - 5,000,000.00 20 Min. of Intergration & intergovernmental Affairs 708,633,981.00 93,221,426.06 615,412,554.94 21 Ekiti State House of Assembly 561,978,941.00 173,710,362.00 388,268,579.00 22 Ekiti House of Assembly Service Commission 50,000,000.00 7,631,500.00 42,368,500.00 23 Office of Establishments and Trainings 5,000,000.00 - 5,000,000.00 24 Staff Development Centre 3,000,000.00 - 3,000,000.00 25 Staff Housing Loans Board - - - 26 Pensions Board 424,960,000.00 - 424,960,000.00 27 Local Government Service Commission 2,250,000.00 - 2,250,000.00 28 Office of the State Auditor-General 42,445,554.00 17,945,554.00 24,500,000.00 29 Local Govt Audit-General 16,638,100.00 6,248,175.00 10,389,925.00 30 Cabinet & Special Services Department 9,000,000.00 - 9,000,000.00 31 Ministry of Budget and Economic Planning 174,969,112.00 121,131,794.87 53,837,317.13 Page 36
  34. 34. NOTE 10 CAPITAL RELEASES TO MIN./DEPTS.(CONT'D) HEAD SUB MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE HEAD JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 32 Bureau of Statistics 50,175,135.00 - 50,175,135.00 33 Project Monitoring (Under Min. of Budget & Econ. Planning)10,500,000.00 10,009,106.55 490,893.45 34 Millenium Development Goals (MDGs) 2,638,112,080.11 840,131,740.26 1,797,980,339.85 35 SGCP II 24,200,000.00 - 24,200,000.00 36 Accountant General's Office 31,000,000.00 443,794.05 30,556,205.95 37 Office of Special Adviser (Revenue & Taxation) 29,000,000.00 15,980,000.00 13,020,000.00 38 Internal Revenue Services 88,959,220.00 54,793,877.13 34,165,342.87 39 Civil Service Commission 18,500,000.00 300,000.00 18,200,000.00 40 State Fiscal Responsibility Commission 3,300,000.00 - 3,300,000.00 41 State SIEC 23,000,000.00 - 23,000,000.00 42 Petroleum Products Consumers Protection Unit 1,400,000.00 - 1,400,000.00 43 Serve - EKS ( Formerly Servicom Agency) 1,550,000.00 500,000.00 1,050,000.00 44 Public Private Pertnership Office 500,000.00 500,000.00 - 45 Office of Transformation, Strategy & Delivery (OTSD) 90,000,000.00 43,597,324.80 46,402,675.20 46 Civil Service Transformation (HOS) 18,000,000.00 - 18,000,000.00 Total Administrative Sector: 8,775,612,575.11 3,680,887,298.10 5,094,725,277.01 SUMMARY TO NOTE 10 A ECONOMIC SECTOR 25,261,054,009.67 18,994,961,341.63 6,266,092,668.04 B SOCIAL SERVICES SECTOR 6,341,371,214.99 5,128,450,924.54 1,212,920,290.45 C ENVIRONMENTAL DEVELOPMENT SECTOR 2,901,033,451.11 938,997,718.30 1,962,035,732.81 D ADMINISTRATION SECTOR 8,775,612,575.11 3,680,887,298.10 5,094,725,277.01 E GRAND TOTAL 43,279,071,250.88 28,743,297,282.57 14,535,773,968.31 Page 37
  35. 35. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 11 A EXPENSES OF GENERAL NATURE (CONSOLIDATED REVENUE FUND CHARGES) MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N SUNDRY EXPENSES I SALARIES AND ALLOWANCES OF PUBLIC OFFICERS AS SPECIFIED IN THE CONSTITUTION - - II EKITI STATE CONTRIBUTION TO THE LOCAL GOVERNMENT JOINT ACCOUNT 615,530,000.00 298,033,352.55 317,496,647.45 III CONTRIBUTION TO LOCAL GOVT. PENSIONS - - IV LOCAL LOAN REPAYMENT - 33,532,848.07 BANK CHARGES/BOND FEES/INTERSEST 5,000,000,000.00 3,009,479,266.09 1,365,433,392.76 V REFUND OF OVERPAYMENT (DEDUCTION AT SOURCE) - 591,554,493.08 TOTAL 5,615,530,000.00 3,932,599,959.79 1,682,930,040.21 NOTE 11 B PUBLIC DEBT CHARGES ESTIMATE ACTUAL EXPEND. VARIANCE JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N Professional Fees 432,293,314.75 383,767,536.48 48,525,778.27 TOTAL 432,293,314.75 383,767,536.48 NOTE 11 C REPAYMENT OF LOCAL LOANS Bank 12,206,577,994.46 Bond 4,766,361,695.88 Total Local Loan Repayment 16,972,939,690.34 Page 38
  36. 36. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE EAR ENDED 31ST DECEMBER, 2012 NOTE 12 SPECIAL PROJECT UNIT HEAD MINISTRY/DEPARTMENT ESTIMATE ACTUAL EXPEND. VARIANCE 460-1 JAN.- DEC. 2012 JAN.- DEC. 2012 JAN.- DEC. 2012 N N N 1-7 Ministry of Education - - - 8-11 Ministry of Health - - - 12-24 University Teaching Hospital - - - 25-28 Hospital Management Board - - - 29-44 Ministry of Agriculture and Natural Resources 1,158,054,000.00 72,379,255.00 1,085,674,745.00 45-46 Special Projects/ Fund 4,250,000,000.00 849,760,178.31 3,400,239,821.69 TOTAL 5,408,054,000.00 922,139,433.31 4,485,914,566.69 Page 39
  37. 37. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 13A ACCOUNTANT GENERAL'S CASH BOOK BALANCES AS AT 31ST DECEMBER, 2012 S/N. ACCOUNT NAME BANK AMOUNT N 1 Capital Access Bank 6,061,375.42 2 Bond Proceeds Access Bank 13,248,745.60 3 Capital Mainstreet Bank 58,378.35 4 Capital Diamond Bank 3,149,595.04 5 Capital Ecobank 32,386,311.26 6 Leave Bonus FCMB 829,696.63 7 Capital FCMB 1,193,985.39 8 V.A.T. FCMB 97,215.10 9 Capital Account Fidelity 4,666,273.89 10 MDG Fidelity 570,513,437.21 11 Bond Proceeds Fidelity 16,259,132.44 12 Capital Fin Bank 195,930.60 13 VAT First Bank 22,746,453.27 14 Commercial Agric Credit Sheme First Bank 574,322,962.98 15 Other Charges G.T.B. 6,383.76 16 Legal Fees Access Bank 117,239,800.41 17 Water Works (Rehab.) Access Bank 10,824,973.99 18 Ecological Fund Access Bank 18,407,030.27 19 Capital II Access Bank 51,929.00 20 VAT Ecobank 95,402.22 21 Other Charges Keystone Bank 25,176,637.08 22 Capital Keystone Bank 68,266.15 23 Capital SKYE BANK (10,098,633.67) 24 VAT SKYE BANK 42,004,229.23 25 IGR Expenditure SKYE BANK 24,257,240.02 26 FAAC / CRF SKYE BANK 25,134,332.19 27 Civil Servants Salary SKYE BANK (1,388,087,224.97) 28 Capital Enterprise Bank 17,638,313.65 29 Stambic Capital Stambic Bank 207,208.29 30 Capital Project UBA Ajilosun 210,052.48 31 Special Project (Furniture) UBA Ajilosun 1,923,660.96 32 Leave Bonus UBA Secretariat Rd 8,592,431.38 Page 40
  38. 38. NOTE 13A ACCOUNTANT-GENERAL'S CASH BALANCES (CONT'D) 33 Other Charges UBA Secretariat Rd 219,436,835.92 34 V.A.T. UBA Secretariat Rd 722,836.36 35 Civil Servants' Salary UBA Secretariat Rd 1,023,010.04 36 C.R.F UBA Secretariat Rd 284,746.71 37 MDGs Health UBA Secretariat Rd 55,380,324.69 38 MDG Small Town Water UBA Secretariat Rd 7,455,283.58 39 Capital Union bank 275,260.27 40 Unserviceable Vehicles UNITY 2,479,800.93 41 Fertilizer UNITY 7,450,600.78 42 Capital UNITY 253,011.19 43 Water MDGs UNITY 2,774,601.69 44 Capital WEMA 295,427.18 45 Proceeds from Odua Share WEMA 41,303,078.77 46 P.T.F WEMA 3,767,034.71 47 Dividend WEMA - 48 Rent WEMA 17,700.00 49 Interest WEMA 63,497,886.22 50 Bond WEMA 3,541,741.57 51 C.R.F ZENITH 28,168,471.05 52 Escrow Fin 54,886,971.53 53 Subsidy First Bank 208,082,789.85 54 SIEP FCMB 455,876,699.00 55 Bond Proceeds Skye 407216878.8 Total 1,703,572,516.46 Page 41
  39. 39. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 13B CALL DEPOSIT ACCOUNTS BALANCE AS AT 31ST DECEMBER, 2012 S/N. ACCOUNT NAME AMOUNT N 1 Skye 290,000,000.00 2 ESCROW FCMB 193,647,481.24 3 MDGs Water Unity 48,267,194.13 4 Enterprise 25,000,000.00 5 Wema 25,000,000.00 6 ESCROW Fin 54,886,971.53 7 MDGs Small Town Water UBA 217,921,378.70 8 Bond Project Skye 535,000,000.00 9 Bond Skye 1,283,126,529.24 TOTAL 2,672,849,554.84 Page 42
  40. 40. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER , 2012 NOTE 14 TREASURY CASH OFFICES CASH BOOK BALANCES AS AT 31ST DECEMBER, 2012 N 1 Access Bank 35,570,305.51 2 Access Bank (Intercontinental) 35,549,063.56 3 Diamond 8,056,956.88 4 First Bank 84,996,220.50 5 FCMB 782,355.17 6 KEYSTONE 1,038,465.24 7 Union Bank 5,280,606.62 8 UBA 17,261,896.79 9 GTB (25,629.34) 10 Stambic IBTC 202,291.00 11 Wema 2,998,216.45 12 SKYE Bank 19,303,526.91 13 Enterprise Bank 14,414,080.52 14 Zenith Bank 277,167.88 15 ECO Bank I 317,771.93 16 ECO Bank II (Oceanic) 3,418,017.57 17 Unity Bank 3,606,935.99 18 Fidelty Bank 814,626.71 19 SKYE Bank II 342,254,870.60 20 Mainstreet Bank 20,099.50 TOTAL 576,137,845.99 Page 43
  41. 41. STOCK UNITS ACQUIRED VALUE/ UNIT COST OF ACQUIS. CURRENT MARKET CURRENT VALUE PRICE/UNIT N N N N 1 Ashaka Cement Plc. 389,333 13.82 5,380,313.35 11.30 8,854,162.85 2 DANGFLOUR 1,000,000 16.70 16,703,875.65 5.00 15,650,320.00 3 DANGSUGAR 1,000,000 17.39 17,393,717.24 4.70 12,588,726.15 4 DIAMOND BANK 6,721,000 14.50 97,469,460.00 1.92 33,856,679.61 5 EQUITY ASUR 250,000 4.13 1,031,372.01 0.50 122,268.13 6 GUARANTY 1,250,000 12.76 15,947,175.28 14.25 19,049,373.88 7 LASACO 200,000 4.75 950,611.20 0.50 97,814.50 8 UNILEVER 70,000 23.05 1,613,500.00 29.00 1,848,694.05 9 UBN 2,243,558 12.17 27,301,174.83 10.60 5,925,217.61 10 OLUWA GLASS 22,142,508 - 4.47 - 11 UBA 703,125 8.65 4,459,960.00 2.59 3,878,956.27 12 FBN 1,000,000 13.35 13,347,945.74 8.90 12,226,807.91 13 FLOURMILL 1,833 65.45 170,329.28 14 SOVERN TRUST 64,043,571 4.21 269,400,000.00 0.50 31,321,949.38 15 STERLINGBANK 2,242,393 1.92 4,305,394.56 1.01 4,081,155.26 16 UAC-PROD 1,324 12.00 26,840.00 17 NAHCO 1,000,000 9.93 9,932,475.27 5.14 7,336,087.50 18 ACCESS 1,617,000 12.73 20,580,000.00 4.80 11,229,789.30 19 FIRST BANK PLC 215,295 19.65 4,229,940.00 8.90 356,688.40 20 UBN 26,047 21.83 568,664.04 10.60 1,000,882.06 21 VITA FORM 298,975 4.41 1,318,928.22 5.06 10,124,778.90 22 WEMA BANK PLC 178,889 3.17 566,344.68 0.57 155,731.65 23 Bank PHB 1,882,000 17.00 31,994,000.00 2,319,494.80 24 AFRIBANK 4,200,000 1.98 8,316,000.00 10290000 25 SKYE BANK PLC 5,141,388 38.90 200,000,000.00 8.59 44,164,522.92 26 FIRST INLAND BANK 21,052,632 9.50 200,000,000.00 - 27 ZENITH BANK PLC 21,428,572 14.00 300,000,000.00 - 1,252,810,852.07 236,677,270.41 SCHEDULE OF GOVT STOCKS MANAGED BY FOUNTAIN HOLDING LTD AS AT 31ST DECEMBER, 2011 EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2011 NOTE 14 Page 42
  42. 42. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 15 A ADVANCES A PERSONAL ADVANCES N N N 1 Teachiing Service Commission Housing Loan Ledger Balance as at 31st December, 2012 669,738,325.71 Cash Book Balance as at 31st December, 2012 34,819,250.45 704,557,576.16 Vehicle Loan Ledger Balance as at 31st December, 2012 559,182,298.05 Cash Book Balance as at 31st December, 2012 13,252,196.68 572,434,494.73 1,276,992,070.89 2 Civil Servants Housing Loan Ledger Balance as at 31st December, 2012 1,082,247,272.27 Cash Book Balance as at 31st December, 2012 19,315,149.41 1,101,562,421.68 Vehicle Loan Ledger Balance as at 31st December, 2012 603,738,012.63 Cash Book Balance as at 31st December, 2012 24,659,851.79 628,397,864.42 1,729,960,286.10 Grand Total 3,006,952,356.99 NOTE 15 B WEMA BANK SHARES DEBTORS B WEMA SHARES N N Shares divested to civil servants etc 499,743,683.20 Add: Unalloted Shares 16,256,316.80 Amount released by State Govt. 516,000,000.00 Less Refunds : 2007 - 2011 (432,963,913.00) 2012 (32,603,868.73) (465,567,781.73) Outstanding Balance 50,432,218.27 Page 44
  43. 43. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2011 NOTE 16 OPERATING LIABILITIES OVER ASSETS This term represents the excess of Other Liabilities (apart from public funds) over quasi - cash assets of government and in this statement it is arrived at thus : N N Other Liabilities Foreign Loans(Multilateral) 5,036,279,148.89 Local Loans 18,187,333,362.09 23,223,612,510.98 Less: Quasi - Cash Assets Housing and Vehicle Loans Debtors (3,006,952,356.99) Wema Shares Debtors (50,432,218.27) (3,057,384,575.26) Operating Liabilities Over Assets 20,166,227,935.72 Page 45
  44. 44. FOREIGN LOAN S/N LOAN TITLE OPENING BAL. INTEREST. PRINCIPAL TOTAL PAYMENT CLOSING BAL; CLOSING BAL; 1ST JAN; 2012 PAYABLE PAYABLE 2012 31ST DEC. 2012 31ST DEC. 2012 2012 2012 A B C D E F G H I $ $ $ $ $ $ N I Nat. Fadama 218,479.74 484.20 42,036.30 261,000.24 42,520.50 218,479.74 34,017,295.52 II Nat. Agric Tech. Sup 203,069.59 450.20 39,081.50 242,601.29 39,531.70 203,069.59 31,617,935.16 III Nat. Water Rehab. 408,438.89 - - 408,438.89 - 408,438.89 63,593,935.17 IV Health System Fund 378,422.07 - - 378,422.07 - 378,422.07 58,920,316.30 V MSADP III 9,490,297.45 38,940.90 423,846.20 9,953,084.55 462,787.10 9,490,297.45 1,477,639,312.97 VI UBE 3,403,903.04 32,756.20 - 3,436,659.24 32,756.20 3,403,903.04 529,987,703.33 VII HSDP II 3,306,012.04 25,901.20 51,110.50 3,383,023.74 77,011.70 3,306,012.04 514,746,074.63 VIII HIV/AIDS 2,154,840.61 10,924.80 38,394.00 2,204,159.41 49,318.80 2,154,840.61 335,508,682.98 IX Comm. Based Pov. Red. 11,707,686.71 55,296.90 190,682.40 11,953,666.01 245,979.30 11,707,686.71 1,822,886,820.75 X HSDP (Add Finance) 392,293.16 17,150.30 - 409,443.46 17,150.30 392,293.16 61,080,045.01 XI 3rd Nat. Fadama 698,903.32 19,045.55 - 717,948.87 19,045.55 698,903.32 108,819,246.92 XII 2ND HIV/AIDS - 4,481.96 - 4,481.96 4,481.96 - - XIII Nat.Prog. for Food Security (16,301.99) - - (16,301.99) - (16,301.99) (2,538,219.84) TOTAL 32,346,044.63 205,432.21 785,150.90 33,336,627.74 990,583.11 32,346,044.63 5,036,279,148.89 * Exchange Rate used at the year end is N155.70 per Dollar EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 17 Page 46
  45. 45. S/N BANKS BAL. AS AT 1/1/2012 LOAN OBTAINED TOTAL REPAYMENT REPAYMENT TOTAL REPAYMENT BAL. AS AT 31/12/2012 TOTAL INTREST PAID DURING THE YEAR LOAN JAN.-JUNE 2012 JULY.-DEC 2012 JAN. - DEC. 2012 JAN -DEC. A B C D E = C+D F G H = F+G I = E-H J 1 ZENITH 457,162,013.25 - 457,162,013.25 399,537,879.21 57,624,134.04 457,162,013.25 - 21,475,465.34 2 WEMA 18,053,675.25 - 18,053,675.25 18,053,675.25 - 18,053,675.25 - 516,132.07 3 ICB/ACCESS 406,120,983.22 - 406,120,983.22 265,385,818.60 140,219,555.28 405,605,373.88 515,609.34 28,782,165.13 4 SKYE 8,200,000,000.00 1,800,000,000.00 10,000,000,000.00 963,906,770.38 9,036,093,229.62 10,000,000,000.00 - 1,844,788,714.77 5 SKYE (SCOA) 750,000,000.00 - 750,000,000.00 150,000,000.00 210,000,000.00 360,000,000.00 390,000,000.00 - 6 ECO 441,383,312.70 - 441,383,312.70 56,923,570.23 71,883,029.42 128,806,599.65 312,576,713.05 49,366,415.38 7 ECO 761,816,389.73 - 761,816,389.73 142,851,570.88 130,847,762.69 273,699,333.57 488,117,056.16 456,201,805.73 8 ECO - 230,152,097.70 230,152,097.70 - 32,818,765.06 32,818,765.06 197,333,332.64 13,372,792.44 9 UNITY 303,972,222.22 - 303,972,222.22 68,638,888.92 58,833,333.36 127,472,222.28 176,499,999.94 10,154,411.42 10 *OCEANIC/ACCESS 1,111,202,782.33 - 1,298,243,691.22 - - - 1,298,243,691.22 - 11 STAMBIC - 872,000,000.00 872,000,000.00 - 218,000,000.00 218,000,000.00 654,000,000.00 14,043,445.97 12 BOND PROCEEDS 18,808,409,576.03 - 18,808,409,576.03 2,383,180,847.94 2,383,180,847.94 4,766,361,695.88 14,042,047,880.15 - 13 FIRST BANK (COMM. AGRIC LOAN) - 1,000,000,000.00 1,000,000,000.00 - 184,960,011.52 184,960,011.52 815,039,988.48 47,832,203.55 31,258,120,954.73 3,902,152,097.70 35,160,273,052.43 4,448,479,021.41 12,524,460,668.93 16,972,939,690.34 18,187,333,362.09 2,486,533,551.80 NOTE No additional loan was obtained in respect of Oceanic/Access Bank loan, however total loan increased due to penalty charge. EKITI STATE OF NIGERIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2012 NOTE 18 DETAILS OF LOCAL LOANS FOR THE YEAR ENDED 31ST DECEMBER, 2012 Page 47
  46. 46. ANNEXURE I EKITI STATE OF NIGERIA FIVE-YEAR FINANCIAL SUMMARY [2008-2012] DESCRIPTION 2012 2011 2010 2009 2008 JAN.-DEC. JAN.-DEC. JAN.-DEC. JAN.-DEC. JAN.-DEC. REVENUE N N Statutory Allocation 28,526,959,595.36 27,436,364,279.36 20,896,614,606.25 16,300,345,750.90 21,187,003,418.77 Value Added Tax 6,745,304,879.43 6,073,804,103.88 5,517,959,333.36 4,540,803,002.71 3,855,382,109.23 Internally Generated revenue 12,890,472,028.17 3,041,394,328.02 2,490,393,878.56 3,062,383,263.64 4,153,780,092.56 Proceeds from Sales of Fertilizer 5,093,200.00 399,275,504.00 Sales from Ikun Dairy Farm - 2,300,000.00 Excess Crude Oil proceeds 809,889,311.35 9,121,018,268.32 6,366,679,641.79 7,648,512,927.76 7,059,176,047.38 Other Statutory Receipts 9,080,595,578.47 - - - - Ecological Fund 250,000,000.00 - - - - Proceed from Share Divestment - - - 1,030,332,419.53 - Foreign Loan Draw Down 2,078,492,283.48 828,355,966.77 571,814,013.66 282,889,691.00 121,069,834.47 Intenal Loan 3,902,152,097.70 37,836,318,010.44 3,600,000,000.00 5,000,000,000.00 - MDGs Conditional Grant 609,201,395.00 - 500,000,000.00 85,000,000.00 789,999,957.00 Refund to EKS on London Club Debt 956,701,144.86 Refund of loan on Gratuities - - - - 819,333,010.65 Refund on Federal Roads - - 2,000,000,000.00 680,791,209.89 396,592,015.11 Sundry Refunds/Receipts 30,938,612.04 69,920,654.74 467,279,042.76 174,582,982.83 - TOTAL REVENUE(A) 65,885,800,125.86 84,808,751,115.53 42,410,740,516.38 38,805,641,248.26 38,382,336,485.17 EXPENDITURE Personnel costs 17,068,974,404.57 13,332,880,222.06 11,405,892,827.08 8,673,905,709.23 8,288,848,768.00 Pensions and Gratuities 2,369,067,739.87 2,502,085,409.31 2,040,652,731.99 1,415,623,109.76 1,586,663,716.73 Overhead Costs 3,622,071,041.29 2,609,549,824.57 2,257,127,610.36 2,626,127,334.38 2,768,368,431.50 Transfer to Other Funds 6,018,050,543.63 6,589,736,133.79 3,602,959,035.34 5,119,380,603.01 5,519,950,879.76 Grants to Parast.& Tert. Institut 7,692,393,471.30 8,649,623,300.62 7,329,114,652.27 5,439,751,603.31 5,598,165,272.30 Capital Expenditure 28,743,297,282.57 11,279,150,029.51 10,768,308,199.41 17,939,528,674.93 27,584,072,643.39 Expenses of General Nature 3,932,599,959.79 3,507,778,712.97 235,732,359.91 413,161,749.58 507,827,308.40 Public Debt Charges 383,767,536.48 486,123,866.15 272,946,942.94 181,251,083.98 Special Project Unit 922,139,433.31 Repayment of Loans: Local 16,972,939,690.34 11,153,163,503.32 4,025,033,552.41 - - Foreign 257,595,237.97 258,032,847.17 313,293,004.55 263,494,580.02 131,274,843.96 TOTAL EXPENDITURE(B) 87,982,896,341.12 60,368,123,849.47 42,251,060,916.26 42,072,224,448.20 51,985,171,864.04 Cash Balance: Net Cash Balance[A-B] (22,097,096,215.26) 24,440,627,266.06 159,679,600.12 (3,266,583,199.94) (13,602,835,378.87) Opening Balance (1st Jan.) 27,049,656,132.55 2,609,028,866.49 2,449,349,266.37 5,715,932,466.31 19,318,767,845.18 Closing Balance (31st Dec.) 4,952,559,917.29 27,049,656,132.55 2,609,028,866.49 2,449,349,266.37 5,715,932,466.31 page 48
  47. 47. ANNEXURE II PROPORTION OF REVENUE AND EXPENDITURE ITEMS S/N REVENUE SUMMARY N % % A CAPITAL RECEIPTS: 1 Other Statutory Receipts 9,080,595,578.47 13.78 2 Value Added Tax 6,745,304,879.43 10.24 3 Internal Loan 3,902,152,097.70 5.92 4 Foreign Loan Draw Down 2,078,492,283.48 3.15 5 Refund to EKS on London Club Debt 956,701,144.86 1.45 6 Excess Crude Proceeds 809,889,311.35 1.23 7 MDGs Conditional Grant 609,201,395.00 0.92 8 Ecological Fund 250,000,000.00 0.38 Sub Total 24,432,336,690.29 75.98 B RECURRENT RECEIPTS: 1 Statutory Allocation 28,526,959,595.36 43.30 2 Internally Generated Revenue 12,890,472,028.17 19.56 3 Proceeds from Sales of Fertilizer 5,093,200.00 0.01 4 Sundry Receipts 30,938,612.04 0.05 Sub Total 41,453,463,435.57 62.92 Grand Total 65,885,800,125.86 100.00 EXPENDITURE SUMMARY % % A CAPITAL EXPENDITURE 28,743,297,282.57 32.67 Repayment of Loans 17,230,534,928.31 19.58 Sub Total 45,973,832,210.88 52.25 B RECURRENT EXPENDITURE 1 Personnel Costs 17,068,974,404.57 19.40 2 Grants to Parastatals & Ter Insts. 7,692,393,471.30 8.74 3 Transfer to Other Funds 6,018,050,543.63 6.84 4 Expenses of General Nature 3,932,599,959.79 4.47 5 Overhead Costs 3,622,071,041.29 4.12 6 Pensions & Gratuities 2,369,067,739.87 2.69 7 Special Project Unit 922,139,433.31 1.05 8 Public Debt Charges 383,767,536.48 0.44 Sub Total 42,009,064,130.24 47.75 Grand Total 87,982,896,341.12 100.00 Page 49
  48. 48. ANNEXURE 1 SUMMARY OF REVENUE AND EXPENDITURE A REVENUE SUMMARY S/N REVENUE SUMMARY % A CAPITAL RECEIPTS: 1 Internal Loan 37,836,318,010.44 44.05 2 Statutory Allocation 28,526,959,595.36 33.21 3 Excess Crude Proceeds 9,121,018,268.32 10.62 4 Value Added Tax 6,073,804,103.88 7.07 5 Internally Generated Revenue 3,041,394,328.02 3.54 6 Foreign Loan Draw Down 828,355,966.77 0.96 7 Proceeds from Sales of Fertilizer 399,275,504.00 0.46 8 Sundry Receipts 69,920,654.74 0.08 85,897,046,431.53 100.00 EXPENDITURE SUMMARY % 1 Grants to Parastatals & Ter Insts. 8,649,623,300.62 30.25 2 Repayment of Loans 11,411,196,350.49 19.94 3 Personnel Costs 13,332,880,222.06 14.99 4 Transfer to Other Funds 6,589,736,133.79 12.82 5 Capital Expenditure 11,276,850,029.51 11.81 6 Overhead Costs 2,609,549,824.57 5.20 7 Pension & Gratuity 2,502,085,409.31 3.84 8 Public Debt Charges 486,123,866.15 0.78 9 Expenses of General Nature 3,507,778,712.97 0.36
  49. 49. Total 60,365,823,849.47 100.00

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