2017 consolidated auditor general's report

EKITI STATE OF NIGERIA
REPORT
OF THE
AUDITOR-GENERAL
FOR LOCAL GOVERNMENTS
ON THE
CONSOLIDATED ACCOUNTS OF
THE LOCAL GOVERNMENTS
OF EKITI STATE, NIGERIA
FOR THE YEAR ENDED
31ST
DECEMBER, 2017

2
YEAR 2017 GENERAL PURPOSE FINANCIAL STATEMENTS
TABLE OF CONTENTS
PAGES
1. Table of contents ………………………………………………………………….. 2
2. Audit Certificate:……………………………………………………………………. 3
3. Report of Auditor-General for the year 2017 …………………………… 4-20
4. Consolidated General Purpose Financial Statement for the year 2017 21-63
5. Fiscal operation report (FOR) for the year ………………………………… 63-67
6. Date of submission of General Purpose Financial Statement by
Local Governments 68
7. Position of Accounts ……………………………………………………………… 69
8. Final Budget for the 16 Local Governments ……………………………. 70
9. Position of Current Audit Queries …………………………………………… 71-87
General Purpose Financial Statement of individual Local Governments
i. Ado Local Government ………………………………… 88-94
ii. Efon “ ………………………………… 95-101
iii Emure “ …………………………………. 102-108
iv Ekiti East “ ……………………………… 109-115
v. Ekiti South West “ ………………………………… 116-122
vi. Ekiti West “ ……………………………….. 123-129
vii Gbonyin “ ………………………………… 130-138
viii Ido/Osi “ ……………………………….. 139-146
ix Ijero “ ……………………………….. 147-153
x. Ikere “ ……………………………….. 154-160
xi Ikole “ ……………………………….. 161-168
xii Ilejemeje “ ……………………………….. 169-175
xiii Irepodun/Ifelodun “ ………………………………… 176-182
xiv Ise/Orun “ ……………………………….. 183-190
xv Moba “ ………………………………… 191-198
xvi Oye “ ……………………………….. 199-207

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REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF
THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE
FOR THE YEAR ENDED 31ST
DECEMBER, 2017
The accounts of the Sixteen (16) Local Government Councils of Ekiti State for the
year ended 31st
December, 2017 have been audited under my direction in consonance
with the Constitution of the Federal Republic of Nigeria, 1989 as validated by section 316
(1) of 1999 and section 26 (26) of Ekiti State Audit Law 2014. I have, as a result,
certified the individual accounts as correct where appropriate. The domestic report of
the Auditor-General on the accounts of the Sixteen Local Government Councils have been
sent for their attention.
2. STATEMENT OF FINANCIAL RESPONSIBILITY:
It is the responsibility of Director of Finance of the sixteen Local Governments of
Ekiti State to prepare and present the Financial Statements to the Auditor-General in
accordance with the provisions of the Constitution of the Federal Republic of Nigeria
within 90 days after the expiration of the financial year. This Section was grossly
violated by the Local Governments as many of them presented their accounts more than
six months behind schedule. This led to my late reporting on the Accounts. See the
dates of submission of the General Purpose Financial Statements by the Local
Governments in Appendix ‘A’
3. STATEMENT OF RESPONSIBILITY OF AUDITOR GENERAL
It is my responsibility to form an independent opinion, based on General Purpose
Financial Statements and accompanying accounts prepared and submitted to me by the
Directors of Finance of the Sixteen Local Governments of Ekiti State and to report
thereupon in consonance with the Constitution of the Federal Republic of Nigeria.
4. NON DISCLOSURE
COMMENTS:
I cannot confirm whether all revenue due to the Local Governments were actually
paid to the Joint Accounts of the Local Government held in trust by the Accountant-
General since the Ekiti State JAAC Law confers the auditing of the accounts in the
Auditor-General (State). Similarly, Local Government Funds disbursed to the Ministry of
Local Government and Chieftaincy Affairs, Bureau of Chieftaincy Affairs, the Accountant-

5
General’s Office and probably others could not be confirmed to have been spent in the
interest of the Local Governments since the accounts were not presented to the Auditor-
General for Local Governments for audit.
RECOMMENDATION:
Necessary amendments should be made to the JAAC Law of Ekiti State to ensure
that the account is audited by the proper organ while the MDAs to which Local
Government funds are appropriated are enjoined to make the accounts kept in respect of
such funds available to the Office of the Auditor-General for Local Governments for
proper auditing.
5. STATE OF ACCOUNTS
The Accounts of the sixteen Local Governments of Ekiti State have been audited
and reported upon as detailed in Appendix ‘B’. Audit noted great level of non-compliance
with laid down procedures of retirement of payment vouchers as contained in financial
memorandum chapter 14, Paragraphs 4-10. This development is against probity,
accountability and prudency that are hallmark of good accounting system and
governance. The domestic reports and the Auditor-General’s Report up to 31st
December, 2017 have been issued on each Local Government for necessary action.
Particular attention is required to the followings;
a. Bank Reconciliation Statements
b. Unpaid salary advance
c. Careless handling of Revenue Earning Receipt Booklets
d. Missing revenue earning receipts
e. Financial responsibilities of State to Local Governments
f. State indebtedness on pension and gratuity
g. Internally Generated Revenue
h. Response to audit queries
i. Capital projects
j. Loss of Fund
k. Assets Valuation
i. Amendment of JAAC Law.

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6. BUDGET OVERVIEW AND PERFORMANCE:
REVENUE: The Estimate made for Revenue in the year 2017 budget recorded a low
performance. On Internally Generated Revenue, an Estimate was made for
N402,073,155.26 while actual revenue recorded stood at N174,054,791.80 See Appendix
‘C’ and Notes 2,3,4,5 and 6 for details. This is about 43% performance. It would
appear as if the Sixteen Local Government Councils in Ekiti State relied unduly on
Statutory Allocation as a result of which an average of N10,878,424.49 was realised as
Internally Generated Revenue by each of the Local Government during the year. This
performance could be improved upon.
In the same vein, a budget of N24,827,992,400.42 was made as revenue from
Statutory Allocation during the year, of which an amount of N13,088,849,053.32 only
was realised. This is 52.7% of the expected total revenue for the year. Details on Local
Government basis are contained in Note 1. This wide gap portends an unrealistic
budgeting in Local Governments of the State.
It is the view of Audit that realistic parameters should be used in the preparation
of Local Governments’ budgets. Equally it would do the Local Governments a lot of good
if they try to look inwards in sourcing for funds. Over-reliance on Federal allocation on
which they have little or no control over, would not augur well financially for the Local
Governments. However, a total sum of N13,262,903,845.12 only was earned as total
revenue as at 31st
December, 2017 out of which only N174,054,791.80 was generated as
independent revenue representing 1.0% by the Sixteen Local Governments. Besides, it
was observed in the Financial Statements that a significant decline in the independent
revenue of the 16 Local Governments was noticed when compared with year 2016
revenue generated. The Internally Generated Revenue Section of the Local Governments
on which a lot of money was spent as salaries and allowances should be more alive to its
duties.
7. INTERNAL CONTROL AND INTERNAL CHECKS:
Despite the comments in my previous reports, it was crystal clear that the Internal
Audit Department of the Local Governments was still not effective. No quarterly Internal
Audit Report was rendered by any of them contrary to regulations. The placement of
this department under the Accounting Officers of Local Governments has not helped

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matters, it only succeeded in making the department a pawn in the hands of the Local
Governments’ Managements. The Internal Audit Department of Local Governments
should be made independent by not being accountable to Management as it is currently
done by the State Government.
8. RECEIVABLES/PAYABLES
A total sum of N2,782,178,564.73 and N2,882,592,252.57 accrued as receivables
and payables respectively during the period under review. Audit observed that the
irregular payment of salaries and wages in the financial year under review constituted
the greater proportion of the payables noted in the financial statement.
9. VALUATION OF LOCAL GOVERNMENTS’ ASSETS
The underlisted Local Governments are yet to value their Assets, as at the time of
writing this report. The assets are not disclosed in the statement of financial position
since their fair value is not known yet. Exception to this is the construction/purchase of
assets made in year 2016 and 2017 that were disclosed in some of the affected Local
Governments:
The affected Local Governments are:
1. Ekiti East 4. Ijero
2. Ise/Orun 5. Ilejemeje
3. Irepodun/Ifelodun 6. Emure
10. INVESTMENT:
The 16 Local Governments in Ekiti State have in their investment portfolios, shares
and other business concerns amounting to N73,800,376.65 as at 31st
December, 2017.
This was said to be at cost and not at the current value. The amount could also, not be
authenticated as some of the Local Governments could not present their share
certificates on demand. In addition, details of the share holdings were not presented to
Audit.

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11. UNPRODUCED REVENUE EARNING RECEIPTS
Comments: Details of Revenue Earning receipts which were issued to various Revenue
Collectors across the Local Governments but not produced for audit check are detailed
below.
LIST OF UNPRODUCED REVENUE EARNING RECEIPTS
S/N LOCAL GOVERNMENT TYPES OF RECIPTS/NO OF BOOKLETS
1 ADO 4 GRR,
2. EMURE 3 GRR, 2 FLAT RATE, 1 LOCAL RATE
3. EKITI WEST 18 GRR, 17 FLAT RATE, 9 MARKET TOLLS, 4 TENEMENT,
10 BIRTH CERTIFICATE, 9 DEVELOPMENT LEVY.
4. EKITI SOUTHWEST 20 GRR, 27 FLAT RATE, 8 MARKET TOLLS, 3 BIRTH
CERTIFICATE, 6 TR.
5. GBONYIN 35 GRR, 36 MARKET TOLLS, 3 TENEMENT, 4 BIRTH
CERTIFICATE
6. IDO/OSI 14 GRR, 1 MARKET TOLLS, 6 TENEMENT.
7. IJERO 16 GRR, 8 FLAT RATE
8. ILEJEMEJE 2 FLAT, 1 BIRTH CERTIFICAE, 3 MARKET TOLLS
9. IREPODUN/IFELODUN 4 GRR, 5 FLAT RATE, 2 MARKET TOLLS, 6 BIRTH
CERTIFICATE, 8 TR
10. IKERE 7 GRR, 3 FLAT RATE, 5 LOCAL RATE, 4 BIRTH
CERTIFICATE, 50 MARKET TOLL.
11. IKOLE 3 GRR, 2 FLAT RATE
Recommendation: The Managements of the affected Local Governments should
ensure that all revenue earning receipts in custody of these Revenue Collectors are made
available for Audit check without delay. Meanwhile their salaries should be put on hold
pending the presentation of the receipts. Clearance must equally be obtained from the
Office of Auditor General for Local Governments before the reinstatement of their
salaries.

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12. CASH DEFALCATION/DIVERSION OF PUBLIC FUND
Unremitted revenue amounting to N362,500.00 involving some Officers of Local
Governments was discovered during audit inspection carried out on the IGR accounts of
the Local Governments for the period 1st
January, 2017 to 31st
December, 2017 as
detailed below:-
DETAILS OF CASH DEFALCATION ON LOCAL GOVERNMENT BASIS
(a) ISE/ORUN LOCAL GOVERNMENT
NAME DATE
ISSUED
TYPE OF
RECEIPT
BOOK NO SERIAL NO AMOUNT N
ALOBANLE
ALOBANLE
8/2/1
21/1/16
FLAT RATE
LOCAL RATE
30
3
1451-1500
7351-7400
5,000.00
5,000.00
TOTAL 10,000.00
(b) EKITI SOUTHWEST LOCAL GOVERNMENT
S/
N
NAME STATION AMOUNT
ON TR N
AMOUNT
IN C/B N
DIFF N REMARK
1
2
3
4
Ajayi Lawrence
Apata Alice
Ganiyu Bello
Akinwumi Florence
Ilawe
Ilawe
Igbara-Odo
Igbara-Odo
42,500.00
62,800.00
20,200.00
18,300.00
61,500.00
65,300.00
29,800.00
25,800.00
19,000.00
2,500.00
9,600.00
7,500.00
Remittance in transit
Total 38,600.00
© GBONYIN LOCAL GOVERNMENT
YEAR NAME AMOUNT OF
CASH
AMOUNT
RECOVERED N
DIFFERENCE
2016 Mrs. Rotimi Taibat 325,000.00 131,500.00 193,500.00
TOTAL 193,500.00

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(d) IKERE LOCAL GOVERNMENT
S/N NAMES NATURE OF
RECEIPT
AMOUNT
COLLECTED
N
AMOUNT PAID
IN WITH
TELLER AND TR
N
OUTSTANDING
AMOUNT
N
1
2
3
Aladejebi Mathew
Owoyemi J.D
Adekolo Samuel
Various
Various
GRR
10,500.00
52,040.00
48,200.00
10,000.00
38,040.00
37,200.00
300.00
14,000.00
11,000.00
TOTAL 110,740.00 85,740.00 25,300.00
(E) IREPODUN/IFELODUN LOCAL GOVERNMENT
S/N NAME AMOUNT N
1
2
Mrs. Siriki Bolanle
Mr. Tunde Asebiode
52,000.00
500.00
Total 52,500.00
(F) ADO LOCAL GOVERNMENT
S/N BENEFICIARIES PURPOSE AMOUNT
COLLECTED
N
AMOUNT
PAID
N
DIFERENCE
N
1. Hon. Mrs) Arije
Falilat (VCLG)
Attestation 2,000.00 - 2,000.00
2. Adewale Adebiyi
(Revenue Collector)
Various 73,600.00 33,000.00 40,600.00
Total 75,600.00 33,000.00 42,600.00
SUMMARY OF CASH DEFALCATIIO ON LOCAL GOVERNMENT BASIS
S/N LOCAL GOVENRMENT AMOUNT (N)
a.
b.
c.
d.
e.
f.
Ise/Orun
Ekiti Southwest
Gbonyin
Ikere
Irepodun/Ifelodun
Ado
10,000.00
38,600.00
193,500.00
25,300.00
52,500.00
42,600.00
Total 362,500.00
Recommendation: The sum of N362,500.00 should be recovered in full from the
affected Officers and make available to this Office the particulars of recovery for
verification. In addition, an appropriate sanctions should be meted on them.

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13. 10% STATE IGR TO LOCAL GOVERNMENTS
Comments: Statutorily, the State Government is supposed to remit to Local
Government Councils, 10% of her Internally Generated Revenue. No amount was
discovered paid to Local Governments in the year under consideration. This has in no
small way hampered the operations of the Local Government Councils and constitutes a
breach of the Constitution. The table below shows the cumulative indebtedness of the
State Government to the Local Governments in the State as at 31st
December, 2017.
SUMMARY OF STATE GOVERNMENT’S IGR DUE TO LOCAL GOVERNMENTS
S/N YEAR AMOUNT COLLECTED
N
AMOUNT DUE
N
AMOUNT PAID
N
BALANCE
N
REMARK
1 2014 7,327,233,743.73 732,723,374.37 33,567,706.49 699,155,667.88
2 2015 8,329,498,525.71 832,949,852.57 - 832,949,852.57
3 2016 5,625,292,591.21 562,529,259.12 - 562,529,259.12
4. 2017 11,901,854,044.31 1,190,185,404.43 - 1,190,185,404.43
TOTAL 33,183,878,904.96 3,318,387,890.49 33,567,706.49 3,284,820,184.00
Recommendation: Please, ensure immediate remittance of N3,284,820,184.00 to
JAAC accounts. Also, the amount due for subsequent years should be remitted on
monthly basis.
14. MANAGEMENT OF LOCAL GOVERNMENT ASSETS
Comments: A lot of Local Government assets are lost on regular basis due to careless
usage, lack of maintenance, lack of spirit of continuity, cannibalization and lack of
patriotism. These are attested to by the state of the following Local Governments’ assets;
i) Secretariat buildings
ii) Locked-up shops,
iii) Motor vehicles
iv) Primary school buildings under construction;
v) Modern markets under construction
vi) Allocated buildings at Irewolede Housing Estate
vii) Unmaintained bore holes
viii) Students’ hostels and warehouses
ix) Health Centres
x) Landed properties all over the state.
xi) Plantations,

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xii) Poultry buildings, abandoned/ unused etc.
xiii) Petrol Stations, (completed and under construction)
xiv) Other investment assets like business Centre, Schools etc.
Recommendations: To forestall total damage, further deterioration and outright loss
of these assets, the Local Governments should compile the list of such assets in their
domain and come up with the financial implications of putting them into useful state. In
addition to this, Local Governments should open and update regularly fixed assets
registers. This will help get abreast of all the assets of the Local Governments at any
point in time. It will equally guide against loss of these assets.
In accordance with best practices and the requirements of IPSAS accrual, these
assets should be properly evaluated and built into the General Purpose Financial
Statement of the Local Governments.
15. INABILITY OF THIS OFFICE TO GIVE OPINION ON ALL THE ACCOUNTS
OF THE LOCAL GOVERNMENTS
Comments: Against the provision of the Constitution of the Federal Republic of Nigeria
this Office is yet to have access to all the funds and expenditure of Ekiti State Local
Governments. This is as a result of the provision of the Ekiti State JAAC law that ceded
the auditing of the JAAC account to the State Auditor-General. It has been found that it
is only in Ekiti State that this practice operates in the Country. In addition, all funds
released from JAAC accounts to State Agencies are equally not made available to this
Office for checking. This deficiency has been brought to the notice of the Ministry of
Justice since 20th August, 2015. The advice of the Ministry of Justice to the Office of the
Secretary to the State Government would appear defective as the provision of JAAC law,
a State law could not be held superior to provisions of the Constitution. As a result of
these, the sum of N1,049,509,812.02 disbursed to various MDA’s could not be
ascertained by Audit that they were actually expended in the interest of the Local
Governments. Details are contained in the domestic report that have been forwarded to
the Local Governments for necessary action.
Recommendations: In addition to amending section 6(1) of the State Joint Local
Government Account and allocation of Revenue Law No 6 of 2005 which stipulates that

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“The Auditor-General of the State shall audit the State JAAC Account”. The followings are
equally recommended;
a) The JAAC account should in practice be a fund account from where no
expenditure should be directly made. In funding joint projects, funds should first
be transferred to Local Governments for the purpose of accountability while the
individual Local Government be made to make its contribution to the joint
account.
b) Separate account and cash books should be maintained by Agencies benefiting
from the administrative fund of JAAC for onward transfer to Local Governments
Auditor-General for checking and reporting.
c) A very senior Career Officer of the Local Government Service should join the
Accountant-General in the operation of the accounts. This Officer who should be
at the Level of an Administrative Secretary should be a joint signatory to the
account instead of two State Officers, currently being signatories’ i.e the
Accountant-General and Permanent Secretary, Ministry of Local Governments
Affairs.
d) The pre-technical JAAC Committee should be re-instated. This would allow
representatives of the Local Governments with that of the Accountant-General
consider the relevant releases from the Accountant-General of the Federation
before the technical JAAC committee meetings.
16. CONTROL OVER EXPENDITURE:
Disallowances have been raised for some expenditure made during the period
under review through Audit queries amounting to N1,488,211,079.55 . See appendix ‘ D
’ for summary and appendices ‘DI – D16’ for details. This also was an increase compared
with the amount of N324,071,851.56 reported for the year ended 31st
December,
2016. These queries have been forwarded to the affected Local Governments for further
necessary actions.
It is advised that extant rules and regulations should always be followed in the
operations of the Local Governments. Queries should also be promptly attended to
whenever they are issued.

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a. LOSS OF FUND
COMMENTS:
The following losses, details of which have been communicated to the affected
Local Governments are still under correspondence. No further recovery has been
reported to this office.
S/N LOCAL
GOVERNMENT
B/F CURRENT
LOSS
TOTAL CULPRITS/COMMENTS
1 Efon 378,011.34 - 378,011.34 Mr. Aderamodu and others
2 Ekiti Southwest 25,630,155.00 27,082,734.14 52,712,889.14 The Issue of N25,630,155.00 is
in court but the issue of
N27,082,734.14 was
perpetrated by the Local
Government Management
3 Ijero 361,200.00 613,000.00 974,200.00 Mr. Bobadoye, Mr. Esan Lawal
Ibrahim, Ogundare Jide and
Local Government Management
4 Ado 1,154,600.00 - 1,154,600.00 Lola Oladepo and Bose Abe
5 Ekiti East 674,000.00 52,490,558.00 53,164,558.00 Ajayi Adebowale (PM II) and
Local Government Management
6 Gbonyin 4,881,128.88 - 4,881,128.88 Mr Olarewaju Oladimeji (PM II)
7 Ido/osi 1,607,357.48 26,797,031.31 28,404,388.79 Mr Ajai Olubayo (PM I) Mr Victor
Ogunje PM II and Local
8 Ikole 1,110,000.00 7,800,000.00 8,910,000.00 Mr Omole M.A, Mrs Rufai M.A,
Rotimi Fagbamila, Mr Agbelusi
Busayo and Hon Adeyanju
Adeyeye (Local Government
Chairman)
9 Ilejemeje 572,700.00 1,617,500.00 2,190,000.00 Local Government Management
10 Irepodun/Ifelodun 6,242,399.15 59,457,000.00 65,699,399.15 Mr Arowolo .O and Omolade J.O
and Local Government
Management

15
11 Ikere 257,000.00 2,052,000.00 2,309,000.00 Mr Fasanmi Oluremi and Local
12 Ise/Orun 1,837,226.11 1,595,000.00 3,432,226.11 Mr Ayo Folademi, Mrs Toyin
Balogun and others
13 Moba 590,000.00 - 590,000.00 Mr. Ajiboye (Salary Accountant)
14 Oye 3,5446,105.66 3,150,000.00 6,696,105.66 Mr Victor Osanyinlusi, Mr Gabriel
Tawio and Local Government
Management
15. Ado - 9,228,710.00 9,228,710.00 LG Management
Total 48,891,833.62 182,654,323.45 231,546,157.07
LOSS OF MATERIALS
COMMENT
Audit discovered during the period under review that the underlisted items were
purportedly carted away by Hon. Adeyanju Adeyeye est while Local Government
Chairman of Ikole Local Government after the expiration of his tenure.
S/N QTY ITEM
1
2
3
4
5
1
1
1
1
515
Samsung Plasma Television
35 KV Sumex Generator
Classic Blue 395D-R1949KW Generator
Red rug
Tubers of Yam
RECOMMENDATIONS
i. The Local Governments should desist from this financial improprieties forthwith.
ii. The Management of Ikole Local Government should ensure that all the items listed
above are recovered from Hon. Adeyanju Adeyeye without delay and evidence of
recovery be made available to Auditor-General for verification.
iii. The loss report in respect of these infractions has been raised and issued to the
affected Local Governments.
b) MISSING REVENUE EARNING RECEIPTS

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COMMENTS:
The missing revenue earning receipts as detailed below would appear not
recovered from Officers involved.
SUMMARY OF MISSING REVENUE EARNING RECEIPTS IN THE 16 LOCAL
GOVERNMENT COUNCIL
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT OF LOSS OFFICERS INVOLVED
1
2
3
4
5
6
7.
ADO
EMURE
EKITI SOUTH WEST
GBONYIN
IKOLE
IREPODUN/IFELODUN
ISE/ORUN
10GRR
20GRR
IGRR
143 various types
86 different types
9GRR,8birth certificate
30 GRR
Mr. Agun M.O, Mrs Ibitoye and
Miss Lola Oladepo
Mr. Oluwole Johnson Omolayo
Mr. Agbaje G.O
Mr. Peter Adelusi
Mrs. Ipinlaye
Mrs. Iyabo Fagbohun
Mr. Owoeye Dada Samuel
c) MISSAPPLICATION OF FUND/ILLEGAL WITHDRAWAL FROM SALARY
ACCOUNT:
COMMENTS:
A sum of N163,567,756.76 was the balance as at the time of writing this report
that were at various times withdrawn from the salary accounts of the Local Governments
since year 2015 for non-salary related matters as detailed below would appear not paid
back.

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SUMMARY OF ILLEGAL WITHDRAWAL FROM SALARY ACCOUNT ON LOCAL
GOVERNMENT BASIS FOR YEAR 2015.
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT
WITHDRAWN @
2015
N
AMOUNT PAID
THROUGH
RECOVERY @ 2017
N
BALANCE AS AT
DECEMBER, 2017
N
1
2
3
4
5
6
7
8
9
10
11
12
13
14.
15
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
MOBA
OYE
IKERE
ISE/ORUN
7,635,000.00
29,225,250.00
10,647,000.00
3,543,690.00
24,391,138.13
4,415,881.00
6,633,000.00
4,828,550.00
2,477,000.00
12,214,881.57
35,297,190.03
11,636,842.18
14,039,850.00
595,000.00
1,837,226.11
971,859.00
1,398,865.83
-
1,517,954.43
-
-
-
300,000.00
-
-
1,000,000.00
294,063.00
-
338,000.00
-
6,634,141.00
27,826,384.17
10,647,000.00
2,025,735.57
24,391,138.13
4,415,881.00
6,633,000.00
4,528,550.00
2,477,000.00
12,214,881.57
34,297,190.03
11,342,779.18
14,039,850.00
257,000.00
1,837,226.11
TOTAL 169,388,499.02 5,820,742.26 163,567,756.76
Please note that a total sum of N20,746,217.28 representing losses involving some
Officials of the Local Governments from the above sum as detailed below were yet to be
recovered from them.

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LOCAL
GOVERNMENT
YEAR AMOUNT OF
LOSS
(N)
AMOUNT
RECOVERED
(N)
BALANCE (N) OFFICIALS INVOLVED
Ekiti East 2015 2,191,954.43 1,517,954.43 674,000.00 Mr. Ajayi Adebowale
Gbonyin 2015 4,881,128.88 - 4,881,128.88 Mr. Olarewaju Olademeji
Ido/Osi 2015 1,907,357.48 300,000.00 1,607,357.48 Mr. Ajayi Olubayo and
Mr. Victor Ogunje
Ikole 2015 1,111,000.00 - 1,111,000.00 Mr. Omole M.A. & Mrs
Rufai M.A
Irepodun/ifelodun 2015 7,242,399.15 1,000,000.00 6,242,399.15 Mr. Arowolo F.A. & Mr.
Omolade J.O
Ikere 2015 595,000.00 338,000.00 257,000.00 Mr. Fasanmi Oluremi.
Ise/Orun 2015 1,837,226.11 - 1,837,226.11 Mr. Ayodele Folademi
Moba 2015 884,063.80 294,063.80 590,000.00 Mr. Ajiboye (Sal.
Accountant)
Oye 2015 3,546,105.66 - 3,546,105.66 Mr. Victor Osanyinlusi &
Mr. Gabriel Taiwo
Total 24,196,235.51 3,450,018.23 20,746,217.28
RECOMMENDATIONS:
All efforts should be made to return the sum of N142,821,539.48 from the net
distributable account to salary account without further delay.
ii. That the sum of N20,746,217.28 should be recovered from the affected officials
jointly and severally without delay, in addition to appropriate sanctions.
c) Unpaid Salary Advance
COMMENT:
Despite the comment in my previous reports, a sum of N2,003,935.10 that were
at various times granted to some Political Office Holders and Career Staff of some Local
Governments in year 2015, are still outstanding. Details of these are as shown below:

19
S/N NAME OF LOCAL
GOVERNMENT
NAME AMOUNT
N
REMARKS
1 Ido/Osi Mr. Folademi & Arolasuyi O. 200,000.00 O/S
2 Ikere Mr. Oladunjoye L.S 353,785.14 “
3 Ilejemeje Mr. Adedoyin J.O & Others 1,275,149.96 “
4 Oye Political Office Holders 175,000.00 “
TOTAL 2,003,935.10
(d) Biometric Contract of Ekiti State Local Governments (N413,000,000.00)
COMMENTS:
All irregularities discovered as contained in previous report would appear not
attended to as at the time of writing this report.
Recommendations: Immediate actions should be made to address the issues raised
by the Audit on this contract vide my previous correspondences with the Ministry of Local
Governments and Chieftaincy Affairs. The overpayment on the contract should be
recovered and paid into JAAC account.
e) Other issues include:
i) Remittances of fund to SUBEB other than Primary School Teachers’ salaries
N565,094,714.72
ii) State indebtedness on Local Government Pension and Gratuity
N2,993,134,058.36
iii) Loan to Ekiti State Government on Operation Renovate all Schools in Ekiti State
ORASE N1,549,849,685.00
iv) Discrepancies between the amount purportedly released to the Local Government
by the Accountant-General and the actual amount claimed to be received by the
Local Governments. The summary is as detailed below;

21
CONSOLIDATED STATEMENT OF FINANCIAL POSITION OF SIXTEEEN LOCAL GOVERNMENTS OF
EKITI STATE FOR THE PERIOD ENDED 31ST
DECEMBER, 2017
Notes 2017 2017 2016 2016
N N N N
ASSETS
Current Assets
Cash and its Equivalents 26 848,617,684.08 480,276,859.39
Receivables 27 2,782,178,564.73 1,948,851,629.99
Prepayments 28
396,194,592.62
19,636,280.00 2,448,224.67
Inventories 29 17,633,572.00
Total Current Asset 4,046,627,121.43 2,449,210,286.05
Non-Current Assets
Long Term Loans 30 -
Investments 31 73,800,376.65 73,800,376.65
Property, Plant & Equipment 32 8,623,899,971.94 5,670,578,047.70
Investment Property 33 220,432,850.00 416,932,500.00
Intangible Assets 34 90,942,656.81 112,480,000.00
Total Non-current Assets 9,009,075,855.40 6,273,790,924.35
Total Assets 13,055,702,976.83 8,773,001,210.40
LIABILITIES
Current liabilities
Deposits 35 88,245.52 -
Accrued Expenses 36 1,157,053,066.13 1,072,346,806.17
Short term loan 37 4,250,000.00 3,800,000.00
Unremitted deductions 38 79,169,455.86 39,440,024.84
Payables 39 2,882,592,252.57 1,518,626,628.87
Current portion of Borrowings
Total Current Liabilities 4,123,153,020.08 2,634,213,459.90
Non - Current Liabilities
Public Funds 41 244,284,480.09 1,173,028,566.86
Long Term Provisions 42 - -
Long Term Borrowings 43 103,688,363.74 101,385,539.10
Total Non- Current
Liabilities 347,972,843.83 1,274,414,105.96
Total Liabilities 4,471,125,863.91 3,908,627,565.86
NET ASSETS 8,584,577,112.92 4,864,373,644.54
NET ASSETS/EQUITY
Capital Grants 44 187,779,637.60 -
Reserves 45 7,440,995,603.86 4,723,185,631.74
Accumulated
Surpluses(Deficits) 46 955,801,871.46 141,188,012.80
Minority Interest 47
Total Net Assets/Equity: 8,584,577,112.92 4,864,373,644.54

22
CONDOLIDATED STATEMENT OF FINANCIAL CASHFLOW FOR SIXTEEN LOCAL
GOVERNMENTS OF EKITI STATE FOR THE YEAR ENDED 31ST
DECEMBER, 2017
Description Notes 2017 2017
N N N N
CASH FLOW FROM
OPERATING ACTIVITIES
Inflows
Government Share of
FAAC(Statutory Revenue)
1 13,088,849,053.32 11,071,471,205.80
Government Share of VAT 2 - -
Tax Revenue 3 27,908,142.15 63,287,633.01
Non-Tax Revenue 4 93,990,416.61 68,843,762.83
Investment income 5 4,681,916.00 11,041,848.67
Interest earned 6 18,405.56 887,658.73
Aids & Grants 7 -
Debts forgiveness 8 69,955.86
Other Revenue 9 47,455,911.61 38,282,070.00
Transfer from other
Governments Entities
10
Total inflow from
Operating Activities
1 13,262,903,845.12 11,253,884,134.90
Out flows
Salary & Wages 11 9,503,742,276.37 9,625,946,774.82
Social benefits 12 76,064,360.76 18,111,324.49
Overhead cost 13 1,564,115,107.45 868,457,564.45
Grants & contribution 14 17,274,052.64 18,116,000.00
Subsides 15
Transfer to other
Government entities
16 187,500.00
Financial cost 17A 531,048.62 79,197.00
Total outflow from
operating activities
11,161,914,345.70 10,530,710,860.70
Net cash flow/(Outflow)
from Operating Activities
1 2,100,989,499.42 723,173,274.20
CASH FLOW FROM
INVESTING ACTIVITIES
Proceeds from sale of PPE 17B 7,499,700.00 7,499,700.00
Proceeds from sales of
investment property
Proceeds from sale of
intangible Assets
Proceeds from sale of
investment
Dividends Received 730,672,974.20
Purchase of PPE 24 1,914,872,940.26 489,936,284.72
Purchase construction of
investment Property
Purchase of intangible Assets
Acquisition of investment
Cash Flow from investing
Activiti
1,914,872,940.26 489,936,284.72
Net Cash Flow from investing
Activities
186,116,559.16 240,736,689.48

23
Description
Notes 2017 2016
N N N N
CASH FLOW FROM
FINANCING ACTIVITIES
186,116,559.16
Capital Grant Received 44 187,779,637.54 17,165,308.60
Proceeds from Borrowings -
Repayments of Borrowings 44B (5,555,372.01)
Distribution of surplus/Dividends
paid
Net Cash flow from financing
Activities
182,224,265.53 17,165,308.60
259,901,998.08
Net Cash Flow from all
activities
368,340,824.69 257,901,998.08
Cash & its Equivalent as at
1/1/2017
2 480,276,859.39 222,374,861.31
31/12/2017
848,617,684.08 480,276,859.39

24
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE OF SIXTEEN LOCAL
GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST
DECEMBER, 2017
Actual 2016 Notes Actual 2017 FINAL BUDGET
Variance on
final Budget
N N N
REVENUE
11,071,471,205.80
Government Share of
FAAC(Statutory
Revenue)
1 13,088,849,053.32 24,827,992,400.42 (11,739,143,347.10)
-
Government Share of
VAT
2 - - -
63,287,633.21 Tax Revenue 3 27,908,142.15 137,606,157.41 (109,698,015.26)
68,843,762.83 Non- Tax Revenue 4 93,990,416.61 230,856,567.85 (136,866,151.24)
11,041,848.67 Investment Income 5 4,681,916.00 32,403,430.00 (27,721,514.00)
887,658.73 Interest Earned 6 18,405.56 1,202,000.00 (1,183,594.44)
- Aid & Grants 7 - 5,000.00 (5,000.00)
69,955.86 Subsides received 8 -
38,282,070.00
Other Revenues
(SALES OF ASSET)
9 47,455,911.61 47,455,911.61
-
Transfer from other
Government Entities
10 -
11,253,884,134.90 Total Revenue 13,262,903,845.12 25,230,065,555.68 11,967,161,710.56
EXPENDITURE
9,625,946,774.82 Salaries & wages 11 9,503,742,276.37 14,433,773,921.70 4,930,031,645.43
18,111.324.49 Social Benefits 12 76,064,360.76 27,295,597.57 (48,768,763.19)
868,457,564.45 Overhead Cost 13 1,564,115,107.45 2,329,886,322.42 765,771,214.97
18,116,000.00
Grants &
Contributions
14 17,274,052.64 708,686,473.58 691,412,420.94
79,197.00 Financial cost 17 531,048.62 (531,048.62)
Depreciation Charges 18
Impairment Charges 19
Amortization Charges 20
Bad Debts Charges 21
Public debt charge 22
Transfer to other
Government entities
16 187,500.00 (187,500.00)
10,530,710,860.70 Total Expenditure 11,161,914,345.70 17,499,642,315.10 6,337,727,969.40
723,173,274.20
Surplus/(deficit)
from Operating
Activities for the
period
2,100,989,499.42 7,730,423,240.58 5,629,433,741.16
7,499,700.00
Gain/Loss on Disposal
of Asset
23
Gain/Loss on foreign
Exchange Transaction
24
Share of
surplus(Deficit) in
Associates & Joint
Ventures
25

25
730,672,974.20
Total Non-
Operating
Revenue(Expenses)
730,672,974.20
Surplus/(Deficit)
from Ordinary
Activities
2,100,989,499.42 7,730,423,240.58 5,629,433,741.16
Minority Interest
Share of
surplus/(Deficit) (f)
25
730,672,974.20
Net Surplus/
(Deficit) for the
period
2,100,989,499.42 7,730,423,240.58 5,629,433,741.16

26
CONSOLIDATED POSITION OF REVENUE FOR THE SIXTEEN LOCAL
DECEMBER,
2017
DETAILS NOTE REVENUE JANUARY-
DECEMBER
2017 (N)
Statutory Allocation
Tax Revenue
Non – Tax Revenue
Investment Income
Interest earned
Subsides Received
Other Revenue
Capital Grant Received
Proceed from sales of PPE
1
3
4
5
6
8
9
44
13,088,849,053.32
27,908,142.15
93,990,416.61
4,681,916.00
18,405.56
-
47,455,911.61
187,779,637.54
-
Total 13,450,683,482.66

27
CONSOLIDATED POSITION OF EXPENDITURE FOR THE SIXTEEN LOCAL
DECEMBER,
2017
DECEMBER
2017 (N)
Salaries and wages
Social Benefits
Overhead cost
Grants and contribution
Financial cost
Purchase of PPE
TRANSFER TO OTHER GOVT. ENTITIES
REPAYMENT OF BORRROWINGS
11
12
13
14
17
24
16
44B
9,503,742,276.37
76,064,360.76
1,564,115,107.45
17,274,052.64
531,048.62
1,914,872,940.26
187,500.00
5,555,372.01
TOTAL 13,082,342,657.91

28
NOTE 1
DETAILS OF GOVERNMENT SHARE OF FAAC (STATUTORY REVENUE) IN THE 16
LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR
YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017 (N) AMOUNT 2016 (N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
775,147,362.55
864,568,224.82
861,607,920.76
690,090,930.89
1,031,908,028.38
563,048,253.29
643,375,853.44
751,805,327.55
1,551,159,263.44
904,233,258.31
805,870,222.47
388,989,212.26
1,040,108,346.40
654,288,807.81
676,211,841.40
886,436,199.04
731,915,575.59
1,163,759,715.07
450,702,840.09
1,401,785,567.49
717,753,942.39
393,804,691.61
563,863,259.58
613,953,460.58
546,271,131.69
596,392,563.36
504,585,752.38
528,558,977.00
871,413,135.25
639,125,087.63
524,605,965.41
822,979,540.70
TOTAL 13,088,849,053.32 11,071,471,205.80

29
NOTE 3
DETAILS OF TAX REVENUE IN THE 16 LOCAL GOVERNMENT COUNCILS OF
EKITI STATE FOR YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
877,152.90
516,010.42
283,752.46
1,082,034.29
2,000,000.00
1,153,150.00
2,665,833.91
975,080.00
3,952,900.00
6,712,509.04
3,940,050.00
1,863,500.00
-
1,460,000.00
39,880.00
386,289.13
31,909,997.84
459,776.95
142,885.26
788,660.00
40,200.00
3,855,767.57
1,862,200.00
731,090.00
196,960.00
10,008,578.11
-
267,190.00
285,900.00
5,217,791.00
702,036.48
6,818,600.00
TOTAL 27,908,142.15 63,287,633.21

30
NOTE 4
DETAILS OF NON-TAX REVENUE IN THE 16 LOCAL GOVERNMENT COUNCILS
OF EKITI STATE FOR YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
33,201,851.10
2,174,200.00
1,914,530.00
4,400,000.00
3,000,000.00
2,353,550.00
4,682,040.00
6,330,145.07
730,505.00
9,180,210.00
3,415,824.00
2,069,169.24
4,440,905.29
3,161,400.00
3,364,114.91
9571,972.00
-
2,524,650.00
4,748,660.00
4,598,605.00
13,299,230.00
4,743,066.14
7,120,040.00
4,879,051.00
1,829,846.69
2,303,974.00
7,793,130.00
2,904,180.00
3,908,670.00
1,668,480.00
3,582,180.00
2,940,000.00
TOTAL 93,990,416.61 68,833,762.83

31
NOTE 5
DETAILS OF INVESTMENT INCOME IN THE 16 LOCAL GOVERNMENT COUNCILS
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
68,990.00
-
-
-
466,180.00
-
1,590,546.00
711,640.00
887,240.00
-
-
-
957,320.00
-
-
181,450.00
616,100.00
-
-
493,206.16
-
1,893,965.00
1,281,310.00
-
4,830,290.00
-
1,745,527.51
-
-
-
TOTAL 4,681,916.00 11,041,848.67

32
NOTE 6
DETAILS OF INTEREST EARNED BY THE 16 LOCAL GOVERNMENT COUNCILS
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
17,838.56
-
-
-
-
-
567.00
-
-
-
-
-
-
-
-
-
308.48
-
-
-
-
-
110.25
-
-
887,240.00
-
-
-
-
-
TOTAL 18,405.56 887,658.73

33
NOTE 8
DETAILS OF DETAILS OF DEBT FORGIVENESS BY THE 16 LOCAL GOVERNMENT
COUNCILS OF EKITI STATE FOR YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
69,955.86
-
-
-
-
-
-
-
-
TOTAL - 69,955.86

34
NOTE 9
DETAILS OF OTHER REVENUE MADE BY THE 16 LOCAL GOVERNMENT
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2016
(N)
AMOUNT 2015
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
-
-
-
-
46,378,141.61
-
-
-
1,077,770.00
-
-
-
-
-
791,390.00
-
-
-
-
-
32,390,680.00
-
-
-
-
-
5,100,000.00
TOTAL 47,455,911.61 38,282,070.00

35
NOTE 11
DETAILS OF ACTUAL SALARIES AND WAGES FOR THE 16 LOCAL GOVERNMENT
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
640,763,003.67
551,013,148.59
781,495,990.39
470,810,791.67
845,172,600.00
500,314,204.33
397,399,917.72
579,176,633.83
665,955,940.37
753,172,274.25
500,062,800.55
289,666,455.78
891,818,093.06
449,123,902.74
457,874,522.64
729,921,996.78
621,820,620.39
826,695,867.16
380,102,223.53
1,339,330,621.14
656,443,384.00
316,651,343.79
482,438,616.13
545,587,500.26
506,104,033.91
524,153,603.92
477,307,181.26
446,857,752.00
820,220,850.00
515,080,776.27
441,977,037.86
725,375,363.20
TOTAL 9,503,742,276.37 9,625,946,774.82

36
NOTE 12
DETAILS OF ACTUAL SOCIAL BENEFIT FOR THE 16 LOCAL GOVERNMENT
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
17,256,049.37
31,512,713.82
-
-
-
27,295,597.57
-
-
-
-
-
-
-
-
-
-
-
-
-
5,470,000.00
-
11,470,324.90
-
-
-
-
-
-
-
1,171,000.00
-
-
TOTAL 76,064,360.76 18,111,324.49

37
NOTE 13
DETAILS OF ACTUAL OVERHEAD COST FOR THE 16 LOCAL GOVERNMENT
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
84,392,155.82
88,787,857.25
79,447,046.80
91,681,835.22
135,036,297.80
41,439,308.64
121,738,584.32
85,295,935.32
59,861,546.16
177,514,555.48
76,820,515.02
77,114,555.02
120,225,866.02
71,807,175.88
119,813,107.80
133,138,764.90
85,120,881.20
51,068,950.00
28,988,765.55
43,000,000.00
60,995,240.44
42,690,082.50
76,715,741.87
37,724,447.09
51,326,520.00
84,053,614.90
26,249,025.00
57,117,692.00
26,610,871.00
75,309,700.00
47,451,311.99
74,034,720.91
TOTAL 1,564,115,107.45 868,457,564.45

38
NOTE 14
DETAILS OF GRANTS AND CONTRIBUTION MADE TO OTHER GOVERNMENT
AGENCIES BY THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE FOR
YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
12,299,052.64
-
-
-
3,150,000.00
1,825,000.00
-
-
-
-
-
-
-
-
-
-
-
3,412,500.00
-
-
2,280,000.00
3,100,000.00
-
3,187,500.00
-
-
-
-
-
6,136,000.00
-
-
TOTAL 17,274,052.64 18,116,000.00

39
NOTE 16
TRANSFER TO OTHER GOVERNMENT AGENCIES IN THE 16 LOCAL
GOVERNMENT COUNCILS OF EKITI STATE FOR YEAR 2016 AND 2017
S/N NAME OF LOCAL GOVT. AMOUNT (N)
2017
AMOUNT (N)
2016
1/ EFON 187,500.00
TOTAL 187,500.00

40
NOTE 17A
DETAILS OF FINANCIAL COST BY THE 16 LOCAL GOVERNMENT COUNCILS OF
EKITI STATE FOR YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
-
-
78,672.22
-
-
-
-
-
452,376.40
-
-
-
-
-
-
-
-
-
-
-
-
-
79,197.00
-
-
-
-
TOTAL 531,048.62 79,197.00

41
NOTE 17B
PROCEEDS FROM SALES OF PPE IN THE 16 LOCAL GOVERNMENT COUNCILS
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
858,000.00
-
-
-
6,000,000.00
-
-
-
-
-
-
-
-
641,700.00
-
-
TOTAL - 7,499,700.00

42
NOTE 18
DETAILS OF DEPRECIATION CHARGES IN THE 16 LOCAL GOVERNMENT
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
34,253,359.55
-
-
-
-
-
-
-
-
-
-
2,649,096.00
-
-
28,828,438.30
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTAL 65,730,893.85 -

43
NOTE 24
DETAILS OF ACTUAL PURCHASE/CONSTRUCTION OF PROPERTY, PLANT AND
EQUIPMENT FOR THE 16 LOCAL GOVERNMENT COUNCILS OF EKITI STATE
FOR YEAR 2016 AND 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
73,157,688.84
107,627,161.59
44,488,655.26
117,209,193.79
57,062,533.86
177,180,052.37
124,946,565.12
107,012,324.74
622,214,577.51
67,550,359.85
233,635,526.32
-
32,348,622.73
19,295,116.80
92,544,257.73
38,600,298.75
40,848,176.94
88,244,818.19
25,821,073.34
20,720,205.09
12,170,660.71
32,340,119.90
24,064,781.39
18,493,110.68
-
31,667,327.67
39,229,759.12
23,989,508.00
29,187,963.18
35,681,745.36
29,233,891.94
38,243,143.20
TOTAL 1,914,872,935.26 489,936,284.77

44
NOTE 26
POSITION OF CASH AND ITS EQUIVALENTS FOR THE 16 LOCAL GOVERNMENT
COUNCILS OF EKITI STATE AS AT 31ST
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
4,937,260.63
268,249,608.41
4,060,084.12
28,109,521.31
4,598,617.34
37,336,482.80
38,240,532.84
8,251,805.57
227,229,239.33
(12,901,568.65)
20,853,484.19
35,059,560.80
6,101,159.26
145,200,781.38
29,828,438.30
3,462,676.45
23,578,844.40
185,588,097.87
45,685,573.35
12,238,376.81
8,112,020.66
24,326,553.72
31,601,872.65
19,133,706.06
19,418,634.93
18,119,861.97
17,258,989.61
11,567,786.10
5,944,224.38
25,891,375.39
19,487,170.16
8,729,276.71
TOTAL 848,617,684.08 480,276,859.39

45
NOTE 27
POSITION OF RECEIVABLES FOR THE 16 LOCAL GOVERNMENT COUNCILS OF
EKITI STATE AS AT 31ST
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
444,945,628.65
38,352,251.40
-
-
-
1,025,901,077.63
-
953,591,242.64
-
353,785.14
-
-
-
-
319,034,579.27
-
383,627,535.80
60,027,525.65
-
-
60,000.00
774,790,938.87
-
728,470,983.53
-
353,785.14
-
569,461.00
-
-
-
951,400.00
TOTAL 2,782,178,564.73 1,948,851,629.99

46
NOTE 28
POSITION OF PREPAYMENTS FOR THE 16 LOCAL GOVERNMENTS OF EKITI
STATE AS AT 31ST
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
2,083,333.34
-
582,322.00
-
-
-
-
-
-
-
393,528,937.28
-
-
-
-
-
2,291,666.67
-
-
-
-
-
156,558.00
-
-
-
-
TOTAL 396,194,592.62 2,448,224.67

47
NOTE 29
POSITION OF INVENTORIES FOR THE 16 LOCAL GOVERNMENT COUNCILS OF
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
1,153,180.00
516,100.00
-
-
516,100.00
13,015,450.00
-
-
-
-
-
-
-
2,742,150.00
1,693,300.00
796,124.00
513,000.00
-
-
251,000.00
13,162,709.00
-
732,484.00
-
-
-
-
-
-
-
2,178,255.00
TOTAL 19,636,280.00 17,633,572.00

48
NOTE 31
POSITION OF INVESTMENT IN THE 16 LOCAL GOVERNMENT COUNCILS OF
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
526,209.00
-
880,250.00
-
1,650,000.00
1,000,000.00
40,235,948.00
-
11,381,242.65
15,926,327.00
2,200,400.00
-
-
-
-
-
526,209.00
-
880,250.00
-
1,650,000.00
1,000,000.00
40,235,948.00
-
11,381,242.65
15,926,327.00
2,200,400.00
-
-
-
-
TOTAL 73,800,376.65 73,800,376.65

49
NOTE 32
POSITION OF PROPERTY, PLANT, AND EQUIPMENT FOR THE SIXTEEN LOCAL
GOVERNMENT COUNCILS OF EKITI STATE AS AT 31ST
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
939,367,481.90
845,563,500.00
70,309,728.60
137,929,398.88
1,511,398,500.00
257,066,366.19
485,946,565.12
1,364,787,675.00
622,214,577.51
942,477,052.21
460,853,450.00
6,359,762.00
32,348,627.73
19,295,116.80
476,915,720.00
451,066,450.00
980,242,601.00
930,350,000.00
45,685,573.35
20,720,205.09
12,170,660.77
264,181,921.19
380,000,000.00
1,461,614,802.00
-
985,565,712.70
39,229,759.12
6,359,762.00
29,187,963.18
35,681,745.36
29,233,891.94
450,353,450.00
TOTAL 8,623,899,971.94 5,670,578,047.70

50
NOTE 33
POSITION OF INVESTMENT PROPERTY IN THE 16 LOCAL GOVERNMENT
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
106,080,000.00
-
-
-
88,351,250.00
-
26,001,600.00
-
-
-
-
-
-
-
-
-
102,000,000.00
-
-
-
98,252,500.00
-
216,680,000.00
-
-
-
-
-
-
-
-
TOTAL 220,432,850.00 416,932,500.00

51
NOTE 34
POSITION OF INTANGIBLE ASSETS FOR THE 16 LOCAL GOVERNMENT
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
90,942,656.81
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
112,480,000.00
-
-
-
-
-
-
-
-
-
-
TOTAL 90,942,656.81 112,480,000.00

52
NOTE 35
POSITION OF DEPOSIT IN THE 16 LOCAL GOVERNMENT COUNCILS OF
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
-
-
-
88,245.52
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTAL 88,245.52 -

53
NOTE 36
POSITION OF ACCRUED EXPENSES IN THE 16 LOCAL GOVERNMENT COUNCILS
OF EKITI STATE AS AT 31ST
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
610,739,993.49
-
-
-
-
-
546,313,072.64
-
-
-
-
-
-
-
-
-
974,014,458.67
-
-
-
-
-
98,332,347.50
-
-
-
-
-
-
-
-
TOTAL 1,157,053,066.13 1,072,346,806.17

54
NOTE 37
POSITION OF SHORT TERM LOANS AND DEBT FOR THE 16 LOCAL
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
4,250,000.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,800,000.00
-
-
-
-
-
-
-
-
-
-
TOTAL 4,250,000.00 3,800,000.00

55
NOTE 38
POSITION OF UNREMITTED DEDUCTION FOR THE 16 LOCAL GOVERNMENTS
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
1,500,000.00
6,577,980.00
-
3,885,950.20
1,377,980.00
7,625,834.17
-
21,623,069.23
-
753,619.47
-
-
-
-
35,825,022.79
-
-
6,635,286.40
-
-
-
10,428,049.74
-
21,623,069.23
-
753,619.47
-
-
-
-
-
-
TOTAL 79,169,455.86 39,440,024.84

56
NOTE 39
POSITION OF PAYABLES FOR THE SIXTEEN LOCAL GOVERNMENT COUNCILS
OF EKITI STATE AS AT 31ST
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
429,273,323.78
21,213,420.67
-
-
22,700,000.00
1,137,333,587.16
-
579,176,633.83
-
-
-
247,358,249.27
-
-
41,468,817.58
404,068.220.28
387,856,380.37
25,238,420.67
-
-
7,979,630.67
142,132,369.65
-
725,000,983.53
-
-
-
230,418,836.00
-
-
-
-
TOTAL 2,882,592,252.57 1,518,626,628.89

57
NOTE 41
POSITION OF PUBLIC FUND IN THE 16 LOCAL GOVERNMENT COUNCILS OF
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
4,060,084.12
-
-
-
38,240,532.84
-
-
-
20,853,484.19
-
6,101,159.26
145,200,781.38
29,828,438.30
-
-
-
45,685,573.35
12,238,376.81
-
-
31,601,872.65
-
-
1,011,326,489.93
17,258,989.61
-
5,944,224.38
25,891,375.39
19,487,170.16
-
TOTAL 244,284,480.09 1,173,028,566.86

58
NOTE 43
POSITION OF LONG TERM BORROWING IN THE 16 LOCAL GOVERNMENT
DECEMBER, 2017.
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT 2016
(N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
103,688,363.74
-
-
-
-
-
-
-
-
-
-
-
-
-
-
101,385,539.10
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTAL 103,688,363.74 101,385,539.10

59
NOTE 44
DETAILS OF CAPITAL GRANT RECEIVED BY THE 16 LOCAL GOVERNMENT
COUNCILS OF EKITI STATE FOR YEAR 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT (N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
-
-
-
-
-
187,779,637.60
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTAL 187,779,637.60 -

60
NOTE 44B
REPAYMENT OF BORROWINGS
S/N LOCAL GOVERNMENT AMT (N) 2017 AMT (N) 2016
1. EFON 5,555,372.01
TOTAL 5,555,372.01

61
NOTE 45
CONSOLIDATED RESERVES FOR THE SIXTEEN LOCAL GOVERNMENTS OF EKITI
STATE AS AT 31 DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
2017 (N) 2016 (N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
939,367,481.90
248,800,269.43
70,309,728.60
163,033,219.99
1,487,836,620.00
106,432,901.03
448,706,032.28
1,238,086,011.94
622,126,351.99
910,009,108.38
20,853,484.19
-
32,348,637.73
19,295,116.80
691,570,172.60
442,220,467.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTAL 7,440,995,603.86 =

62
NOTE 46
POSITION OF ACCUMULATED SURPLUSES/DEFICITS FOR THE16 LOCAL
DECEMBER, 2017
S/N NAME OF LOCAL
GOVERNMENT
AMOUNT 2017
(N)
AMOUNT (N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
20,262,745.50
268,249,608.41
-
-
4,598,617.34
90,942,657.81
38,240,532.84
8,251,805.57
227,229,239.33
12,547,783.51
455,926,292.81
(203,738,526.40)
-
-
29,828,438.30
3,462,676.45
TOTAL 955,801,871.46

63
CONSOLIDATED TRIAL BALANCE OF SIXTEEN LOCAL GOVERNMENTS OF EKITI
STATE AS AT 31ST
DECEMBER, 2017
DETAILS NOTES DR (N) CR (N)
Salaries and wages
Overheads
Cash & Cash Equivalent
Social Benefits
Receivables
Prepayments
Inventory
Investment (financial)
PPE
Depreciation charges
Investment Property
Repayment of Borrowings
Intangible Assets
Grants & Contributions
Financial cost
Transfer to other entities
Independent Revenue (Tax)
Independent Revenue (Non Tax)
Interest Earned
Investment Income
Other revenue
Accrued Expenses
Unremitted deductions
Payables
Short term Loans
Deposit
Capital Grant Received
11
13
26
12
27
28
29
31
24
18
33
44b
34
14
17
16
1
3
4
6
5
9
36
38
39
37
35
44a
9,503,742,276.37
1,564,115,107.45
848,617,684.08
76,064,360.76
2,782,178,564.73
396,194,592.62
19,636,280.00
73,800,376.65
1,914,872,940.26
59,690,839.77
220,432,850.00
5,555,372.01
90,942,656.81
17,274,052.64
531,048.62
187,500.00
13,088,849,053.32
27,908,142.15
93,990,416.61
18,405.56
4,681,916.00
47,455,911.61
1,157,053,066.13
79,169,455.86
2,882,592,252.47
4,250,000.00
88,245.52
187,779,637.54
Total 17,573,836,502.77 17,573,836,502.77

64
FISCAL OPERATION REPORTS (FOR) FOR THE 16 LOCAL GOVERNMENT
COUNCILS OF EKITI STATE
1. STATUTORY ALLOCATIION: TOTAL REVENUE
(i) 13,088,849,053.32 x 100%
13,262,903,845.12 = 99%
This indicated that Statutory Allocation takes 99% of a total Revenue of all the 16
Local Government Councils of the State. It, means, Independent Revenue takes 1%.
this is not good enough as this indicates that Local Governments rely solely on Statutory
Allocation. Effort should be made on how the independent revenue would be improved
upon.
These can be improved upon by:
(a) Exploring all opportunities around the Local Governments
(b) Setting target for the Revenue Collectors
(c) Effective Supervision of Revenue Collectors by their Supervisors
(d) Bye law to be reviewed to meet the text of time
(e) Provision of necessary incentives such as logistics, vehicles, security to
motivate the Revenue Collectors
(f) Revenue generation items taken over by the State should be returned to Local
Governments
13,088,849,053.32
________________x 3600
= 356.40
13,262,903,845.12
(ii) Total Independent Revenue: Total Revenue
174,054,791.80
______________x 3600
= 3.60
13,262,903,845.12

65
The pie chart is reflected as shown below
(a) Revenue Pie Chart Expenditure Pie Chart
3.60
50.40
3.60
3060
356.40
3060
Personnel Salary & Wages
Accountant Analysis, 2017 Overhead
Statutory Allocation =.356.4o
Social benefit
Independent Revenue = 3.60
Grants & contribution
Financial cost
2i PERSONNEL: Total Recurrent Expenditure
= 9,503,742,276.37
________________x 100% = 85%
11,161,914,345.70
= 9,503,742,276.37
________________x 3600
= 3060
11,161,914,345.70
Therefore, the salaries and wages takes 85 % out of the recurrent expenditure in the
Local Governments, this implies that the Local Governments cannot carry out any
constitutional function while the 15% was allocated to other expenditures.
ii. Overhead Cost: Total Recurrent Expenditure
1,564,115,107.45
_____________x 100 = 14% x 3600
= 50.40
11,161,914,345.70 1

66
iii Social benefits: Total Recurrent Expenditure
= 76,064,360.76
______________ x 100% = 1% = 3.60
11,161,914,345.70
iv Grants and Contribution: Total Recurrent Expenditure
= 17,274,052.64
______________x 100% = 0.15% = 0.540
11,161,914,345.70
3i Personnel: Total Revenue
9,503,742,276.37
________________x100% = 71.66% x 3600
=257.980
13,262,903,845.12
This indicates that 71.66% of total revenue went to salaries and wages. This
account had low performance at the Local Government level.
ii. Total Revenue: Total Recurrent Expenditure
13,262,903,845.12
________________x 100% = 119%
11,161,914,345.7
Revenue was more than total recurrent expenditure by 0.19%. This implies that
the sunk of the revenue went for recurrent expenditure.
Total Capital Expenditure: Total revenue.
Iii Total Capital Expenditure: Total Revenue
1,914,872,940.26
______________x 100
13,262,903,845.12 = 15%
This indicate that out of the total revenue only 15% went for Capital Expenditure
indicates the performance of the Government and spoke on the physical outlook of the
Secretariat.

67
iii. Cash: Total Asset
848,617,684.28
_______________x 100 = 6.5%
13,055,702,976.83
This indicates cash at hand was only 6.5% of the total asset. This implies less cash
at hand and was good for the system.
iv. Total Asset: Total Liability
13,055,702,976.83
________________ = 3
4,471,125,863.91
Total asset was 3 times higher than total liabilities, this implies that there were
enough assets to pay back liabilities, be it as it may; the creditors were secure with
sufficient assets.

68
APPENDIX A
DATE OF SUBMISSION OF GENERAL PURPOSE FINANCIAL STATEMENTS BY
LOCAL GOVERNMENTS TO AUDITOR-GENERAL FOR LOCAL GOVERNMENT.
S/N LOCAL GOVERNMENT DATE SUBMITTED REMARKS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
19/11/18
7/5/18
21/11/18
22/11/18
22/11/18
3/10/18
17/5/18
21/11/18
28/11/18
23/11/18
17/5/18
23/11/18
17/5/18
23/11/18
1/11/18
3/10/18
8 months behind schedule

69
APPENDIX B
POSITION OF ACCOUNTS
S/N LOCAL
GOVERNMENT
INSPECTION
REPORT
ANNUAL FINANCIAL
STATEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017

70
APPENDIX C
FINAL BUDGET FOR THE 16 LOCAL GOVERNMENTS OF EKITI STATE FOR THE PERIOD ENDED 31ST
DECEMBER, 2016
S/
N
LOCAL
GOVT.
STATUTORY
ALLOCATION
1
TAX
REVENUE
2
NON TAX
REVENUE
3
INVENTMENT
INCOME
4
INTEREST
EARNED
5
AID &
GRANT
6
OTHER
REVENUE
7
SALARIES &
WAGES
8
SOCIAL
BENEFIT
9
OVERHEAD
COST
10
GRANT/ CONT.
11
1 ADO 2,500,000.00 20,400,000.00 39,149,500.00 - - - - 943,085,330.00 - 147,150,000.00 -
2. EFON 1,350,000.00 2,750,000.00 21,302,000.00 - 1,202,000.00 5,000.00 - 1,024,215,571.00 - 122,943,500.00 -
3 EMURE 1,080,000,000.00 730,000.00 5,155,000.00 - - - - 992,476,225.21 - 103,757,873.84 -
4. EKITI EAST 1,470,000,000.00 9,000,000.00 20,000,000.00 - - - - 789,782,545.41 - 94,378,400.00 -
5 EKITI
S/WEST
1,700,000,000.00 15,860,000.00 16,400,000.00 - - - - 945,178,700.00 - 188,700,000.00 5,200,000.00
6 EKITI WEST 1,564,559,424.40 470,000.00 16,673,816.26 1,533,430.00 - -- - 1,517,877,972.23 27,295,597.57 90,677,122.33 703,486,473.58
7 GBONYIN 1,490,000,000.00 7,929,100.00 12,070,900.00 - - - - 978,034,469.99 - 161,280,000.00 -
8. IDO/OSI 2,365,000,000.00 4,480,000.00 15,410,000.00 7,110,000.00 - - - 1,163,005,536.50 - 100,000,000.00 -
9. IJERO 1,950,000,000.00 10,482,000.00 3,400,000.00 - - - - 748,119,549.47 - 65,500,000.00 -
10 IKERE 950,104,100.00 10,995,800.00 11,700,000.00 250,000.00 - - - 890,375,936.41 - 82,674,963.62 -
11 IKOLE 257,448.308.36 12,864,779.41 17,730,551.59 8,000,000.00 - - - 846,988,281.68 - 78,801,394.56 -
12 ILEJEMEHE 1,705,977,249.00 8,035,000.00 10,120,000.00 - - - - 769,720,269.00 - 132,050,000.00 -
13 IREPODUN/IF
ELODUN
1,500,000,000.00 3,700,000.00 13,020,000.00 - - - - 129,479,006.00 - 191,050,000.00 -
14 ISE/ORUN 1,782,262,500.00 21,909,478.00 6,244,800.00 - - - - 816,309,763.10 - 163,322,546.00 -
15 MOBA 1,800,000,000.00 7,500,000.00 7,980,000.00 15,510,000.00 - - - 693,380,000.00 - 506,191,522.07 -
16 OYE 1,362,640,818.63 500,000.00 14,500,000.00 - - - - 1,185,744,765.70 - 101,409,000.00 -
TOTAL 24,827,992,400.42 137,606,157.41 230,856,567.85 32,403,430.00 1,202,000.00 5,000.00 - 14,433,773,921.70 27,295,597.57 2,329,886,322.42 708,686,473.58

71
APPENDIX D
SUMMARY OF 2016 AUDIT QUERIES ON LOCAL GOVERNMENT BASIS
S/N NAME OF LOCAL GOVERNMENT AMOUNT (N)
2016
AMOUNT (N)
2015
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ADO
EFON
EMURE
EKITI EAST
EKITI SOUTH WEST
EKITI WEST
GBONYIN
IDO/OSI
IJERO
IKERE
IKOLE
ILEJEMEJE
IREPODUN/IFELODUN
ISE/ORUN
MOBA
OYE
37,884,309.78
86,069,710.01
169,723,043.52
110,301,767.64
192,243,972.33
180,709,405.57
54,775,518.36
105,430,699.58
37,046,630.62
116,251,405.18
7,606,000.00
64,784,757.00
100,341,489.93
54,961,407.95
85,608,712.08
84,472,250.00
24,473,047.24
10,242,725.73
24,742,958.17
34,084,714.31
21,878,330.50
10,280,905.40
17,775,559.97
5,870,612.50
51,166,203.54
61,666,185.13
13,235,335.71
6,578,200.00
9,968,609.00
13,995,944.08
9,385,206.99
8,610,312.50
TOTAL 1,488,211,079.55 324,071,851.56

72
APPENDIX DI
ADO LOCAL GOVERNMENT
EXPENDITURE CONTRARY TO LAW
The following expenditure appears to be contrary to law
S/N QUERY NO SUBJECT AMOUNT (N)
1
2
3
4
5
6
7
AQ/ADK/01/017
AQ/ADK/02/017
AQ/ADK/03/017
AQ/ADK/04/017
AQ/ADK/05/017
AQ/ADK/06/017
AQ/ADK/07/017
Expenditure not supported by proper records
Items not taken on store ledger charge
Doubtful expenditure
Nugatory payment
Unvouched expenditure
Unproduced Payment Vouchers
2,745,000.00
5,645,409.78
80,000.00
4,056,870.00
4,311,000.00
9,228,710.00
11,817,300.00
Total 37,884,309.78

73
APPENDIX DII
EFON LOCAL GOVERNMENT
The following expenditure would appear to be contrary to law.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
AUD/EFY/AQ/1/17
AUD/EFY/AQ/2/17
AUD/EFY/AQ/3/17
AUD/EFY/AQ/4/17
AUD/EFY/AQ/5/17
AUD/EFY/AQ/6/17
AUD/EFY/AQ/7/17
AUD/EFY/AQ/8/17
AUD/EFY/AQ/9/17
AUD/EFY/AQ/10/17
AUD/EFY/AQ/11/17
AUD/EFY/AQ/12/17
AUD/EFY/AQ/13/17
AUD/EFY/AQ/14/17
AUD/EFY/AQ/15/17
AUD/EFY/AQ/16/17
AUD/EFY/AQ/17/17
AUD/EFY/AQ/18/17
Expenditure not supported with proper records of accounts
Expenditure contrary to regulations
Items not taken on ledger charge
Fictitious receipts
Nugatory payment
Nugatory payment
Inflated project cost
Nugatory payment
Inflated cost of vehicles
Nugatory payments
1,580,000.00
1,335,000.00
938,500.00
1,368,936.81
1,073,000.00
593,500.00
7,770,618.90
5,125,000.00
14,592,000.00
11,270,000.00
600,000.00
3,945,000.00
2,710,000.00
10,000,000.00
14,080,000.00
6,375,000.00
600,000.00
2,113,154.27
TOTAL 86,069,710.01

74
APPENDIX DIII
EMURE LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
EMLG/AQ/01/2017
EMLG/AQ/02/2017
EMLG/AQ/03/2017
EMLG/AQ/04/2017
EMLG/AQ/05/2017
EMLG/AQ/06/2017
EMLG/AQ/07/2017
EMLG/AQ/08/2017
EMLG/AQ/09/2017
EMLG/AQ/10/2017
EMLG/AQ/11/2017
EMLG/AQ/12/2017
Unproduced payment vouchers
Expenditure not accounted for
Expenditure retired with fake receipts
Unretired expenditure
Expenditure no supported with proper records
Unreasonable expenditure
Expenditure not supported with proper records
Unproduced Revenue Earning Receipts
Expenditure not accounted for from Paris Club Refund
5,132,000.00
768,000.00
12,981,609.39
1,938,000.00
1,586,500.00
980,000.00
4,892,000.00
980,000.00
668,057.13
8,750,000.00
Various
131,046,877.00
TOTAL
169,723,043.52

75
APPENDIX DIV
EKITI EAST LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
EELG/AQ/01/2017
EELG/AQ/02/2017
EELG/AQ/03/2017
EELG/AQ/04/2017
EELG/AQ/05/2017
EELG/AQ/062017
EELG/AQ/07/2017
EELG/AQ/08/2017
EELG/AQ/09/2017
EELG/AQ/10/2017
EELG/AQ/11/2017
EELG/AQ/12/2017
EELG/AQ/13/2017
EELG/AQ/14/2017
EELG/AQ/15/2017
EELG/AQ/16/2017
EELG/AQ/17/2017
EELG/AQ/18/2017
EELG/AQ/19/2017
EELG/AQ/20/2017
EELG/AQ/21/2017
EELG/AQ/22/2017
EELG/AQ/23/2017
EELG/AQ/24/2017
EELG/AQ/25/2017
EELG/AQ/26/2017
EELG/AQ/27/2017
EELG/AQ/28/2017
Unretired imprest
Unreceipted payments I
Unreceipted payments II
Unreceipted payments III
Unaudited payment vouchers
Article not taken on ledger charge
Expenditure not supported with proper records I
Expenditure not supported with proper records II
Expenditure contrary to regulations I
Expenditure contrary to regulations II
Expenditure not supported with proper records III
Nugatory payment I
Nugatory payment II
Nugatory payment III
Expenditure not supported with proper records IV
Expenditure not supported with proper records V
Nugatory payment IV
Nugatory payment V
Double payment
Inflated purchases
Expenditure not supported with proper records VI
Nugatory payments
Expenditure not supported with proper records VII
Expenditure not supported with proper records VIII
Cash defalcation/payments not accounted for
1,070,000.00
1,230,000.00
1,060,000.00
1,283,000.00
1,044,000.00
540,000.00
630,000.00
495,000.00
2,630,000.00
3,121,000.00
1,541,000.00
1,200,000.00
10,000,000.00
28,202,412.95
3,129,000.00
6,578,367.95
5,625,000.00
3,445,000.00
3,120,000.00
6,078,474.14
8,125,000.00
300,000.00
300,000.00
2,320,500.00
5,094,012.60
760,000.00
880,000.00
10,500,000.00
TOTAL 110,301,767.64

76
APPENDIX DV
EKITI SOUTHWEST LOCAL GOVERNMENT
EXPENDITURE CONTRARY TO LAW:
The following expenditure appears to be contrary to Law:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
ESWLG/AQ/1/17
ESWLG/AQ/2/17
ESWLG/AQ/3/17
ESWLG/AQ/4/17
ESWLG/AQ/5/17
ESWLG/AQ/6/17
ESWLG/AQ/7/17
ESWLG/AQ/8/17
ESWLG/AQ/9/17
ESWLG/AQ/10/17
ESWLG/AQ/11/17
ESWLG/AQ/12/17
ESWLG/AQ/13/17
ESWLG/AQ/13/17
ESWLG/AQ/15/17
ESWLG/AQ/16/17
ESWLG/AQ/17/17
ESWLG/AQ/18/17
ESWLG/AQ/19/17
ESWLG/AQ/20/17
ESWLG/AQ/21/17
ESWLG/AQ/22/17
Unproduced revenue earning receipts
Unaudited/unreceipted expenditure
Unreceipted/audited expenditure
Double expenditure
Expenditure contrary to regulations/Double payment
Spurious expenditure
Doubtful payments
Doubtful payments
Nugatory payments
Expendiutre not retired
Nugatory payment
Assorted
10,796,000.00
3,369,500.00
4,670,000.00
11,728,288.64
342,000.00
832,700.00
1,300,000.00
1,618,000.00
11,125,000.00
2,240,000.00
1,990,000.00
1,170,000.00
4,457,000.00
352,290,850.54
17,052,765.20
20,105,867.95
15,625,000.00
8,125,000.00
6,865,000.00
22,810,000.00
10,831,000.00
TOTAL 192,245,972.33

77
APPENDIX DVI
EKITI WEST LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
AUD/EWLG/AQ/01/17
AUD/EWLG/AQ/02/17
AUD/EWLG/AQ/03/17
AUD/EWLG/AQ/04/17
AUD/EWLG/AQ/05/17
AUD/EWLG/AQ/06/17
AUD/EWLG/AQ/07/17
AUD/EWLG/AQ/08/17
AUD/EWLG/AQ/09/17
AUD/EWLG/AQ/10/17
AUD/EWLG/AQ/11/17
AUD/EWLG/AQ/12/17
AUD/EWLG/AQ/13/17
AUD/EWLG/AQ/14/17
AUD/EWLG/AQ/15/17
AUD/EWLG/AQ/16/17
Cash not accounted for
Expenditure contrary to regulation
Nugatory payments
Nugatory/Expenditure contrary to Regulations
Inflated/Doubtful Expenditure
Spurious/unapproved expenditure
5,125,000.00
9,798,250.00
3,609,300.00
4,000,000.00
2,593,920.00
Assorted
9,444,050.01
58,256,255.01
15,625,000.00
9,500,000.00
17,717,012.60
8,125,000.00
2,776,367.95
20,000,000.00
8,750,000.00
5,389,250.00
TOTAL 180,709,405.57

78
APPENDIX DVII
GBONYIN LOCAL GOVERNMENT
The following expenditure appears to be contrary to law.
1
2
3
4
5
6
7
8
9
10
11
AQ/GBLG/01/017
AQ/GBLG/02/017
AQ/GBLG/03/017
AQ/GBLG/04/017
AQ/GBLG/05/017
AQ/GBLG/06/017
AQ/GBLG/07/017
AQ/GBLG/08/017
AQ/GBLG/09/017
AQ/GBLG/10/017
AQ/GBLG/11/017
Doubtful payments
Items not taken on store ledger charge I
Items not taken on store ledger charge II
Unproduced Receipt Earning Receipts
Unretired security vote
Double payment of security vote
Double expenditure
Nugatory payment
Nugatory payment II
150,000.00
162,700.00
1,115,000.00
21,424,268.36
Assorted
9,000,000.00
1,500,000.00
872,000.00
3,125,000.00
10,000,000.00
7,426,550.00
TOTAL 54,775,518.36

79
APPENDIX DVIII
IDO/OSI LOCAL GOVERNMENT
The following expenditure appears to be contrary to law.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
AQ/IDLG/01/2017
AQ/IDLG/02/2017
AQ/IDLG/03/2017
AQ/IDLG/04/2017
AQ/IDLG/05/2017
AQ/IDLG/06/2017
AQ/IDLG/07/2017
AQ/IDLG/08/2017
AQ/IDLG/09/2017
AQ/IDLG/10/2017
AQ/IDLG/11/2017
AQ/IDLG/12/2017
AQ/IDLG/13/2017
AQ/IDLG/14/2017
AQ/IDLG/15/2017
AQ/IDLG/16/2017
AQ/IDLG/17/2017
AQ/IDLG/18/2017
AQ/IDLG/19/2017
AQ/IDLG/20/2017
AQ/IDLG/21/2017
AQ/IDLG/22/2017
AQ/IDLG/23/2017
AQ/IDLG/24/2017
AQ/IDLG/25/2017
AQ/IDLG/26/2017
AQ/IDLG/27/2017
Expenditure not supported by proper records/Accounts
Expenditure not supported by proper records/Accounts
Expenditure contrary to Regulations
Irregular payments
Unproduced revenue earning receipts
Nugatory Payment (i)
Nugatory payment (ii)
Nugatory Payments (i) (Paris)
Unproduced payment Voucher
Nugatory Payments (ii)
Inflated cost of Project
Nugatory payments (iii)
Doubtful Payment
Inflated price
Unproduced payment voucher
Inflated price
Doubtful Expenditure
Nugatory payment (iv)
Unproduced payment voucher
Unproduced payment Voucher
Inflated price
Doubtful/un-vouched Expenditure
1,515,000.00
780,000.00
2,619,378.38
160,000.00
5,937,500.00
-
2,366,000.00
4,000,000.00
5,000,000.00
2,000,000.00
16,024,512.00
4,146,867.43
16,123,500.00
1,473,476.00
3,749,857.08
11,883,155.11
1,800,000.00
749,000.00
10,000,000.00
4,124,000.00
2,990,835.00
1,501,000.00
1,944,700.00
1,519,100.00
833,500.00
1,552,000.00
3,191,910.19
TOTAL 105,430,699.58

80
APPENDIX DIX
IJERO LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
AUD/IJLG/AQ/1/017
AUD/IJLG/AQ/2/017
AUD/IJLG/AQ/3/017
AUD/IJLG/AQ/4/017
AUD/IJLG/AQ/5/017
AUD/IJLG/AQ/6/017
AUD/IJLG/AQ/7/017
AUD/IJLG/AQ/8/017
AUD/IJLG/AQ/9/017
AUD/IJLG/AQ10/017
AUD/IJLG/AQ11/017
AUD/IJLG/AQ/12/017
AUD/IJLG/AQ/13/017
AUD/IJLG/AQ/14/017
AUD/IJLG/AQ/15/017
AUD/IJLG/AQ/16/017
Expenditure contrary to regulation/unaudited vouchers
Items not taken on a store ledger charge/unaudited vouchers
Unaudited/unreceipted payments
Unretired, uncontrolled and unaudited expenditure
Doubtful payments I
Doubtful payments II
Expenditure not supported with proper records accounts
Nugatory payments
Nugatory payments I
Nugatory payment II
Expenditure contrary to financial regulation
Doubtful payment/Expenditure not supported with proper records
Doubtful payment
Items not taken on Store ledger charge
Assorted
981,250.00
894,400.00
1,406,877.61
120,000.00
700,000.00
888,000.00
130,000.00
2,576,903.01
3,000,000.00
3,000,000.00
3,765,000.00
4,000,000.00
525,000.00
5,059,200.00
10,000,000.00
TOTAL 37,046,630.62

81
APPENDIX DX
IKERE LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
AQ/IKLG/01/17
AQ/IKLG/02/17
AQ/IKLG/03/17
AQ/IKLG/04/17
AQ/IKLG/05/17
AQ/IKLG/06/17
AQ/IKLG/07/17
AQ/IKLG/08/17
AQ/IKLG/09/17
AQ/IKLG/10/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
AQ/IKLG/11/17
Unaudited payment voucher
Expenditure contrary to regulation I
Expenditure contrary to regulation II
Unretired/unaudited expenditure
Unreceiipted expenditure
Nugatory payment I
Double payment
Transfer not accounted for
Expenditure not supported with proper records of account III
Nugatory payment II
Expenditure contrary to regulation IV
Expenditure contrary to regulation V
Nugatory payment IV
Expenditure contrary to regulation VI
Nugatory payment V
Nugatory/unverified project I
Nugatory/unverified projects II
755,000.00
1,330,000.00
1,325,000.00
2,607,000.00
1,545,000.00
1,101,500.00
1,234,800.00
345,000.00
255,000.00
9,415,179.58
10,000,000.00
6,125,000.00
12,500,000.00
700,000.00
14,717,294.04
1,500,000.00
7,368,761.34
11,008,761.34
11,390,000.00
7,658,824.58
14,015,545.64
TOTAL 116,251,405.18

82
APPENDIX DXI
IKOLE LOCAL GOVERNMENT
S/
N
QUERY NO SUBJECT AMOUNT (N)
1
2
3
4
5
6
7
8
9
10
11
IKLG/AQ/01/2017
IKLG/AQ/02/2017
IKLG/AQ/03/2017
IKLG/AQ/04/2017
IKLG/AQ/05/2017
IKLG/AQ/06/2017
IKLG/AQ/07/2017
IKLG/AQ/08/2017
IKLG/AQ/09/2017
IKLG/AQ/10/2017
IKLG/AQ/11/2017
Unreceipted/Unaudited expenditure
Expenditure not supported with proper records/Accounts
Unreceipted/unretired payment voucher
Nugatory payment
Doubtful payment
Expenditure not supported with proper records/Accounts/unreceipted payment vouchers
Expenditure contrary to regulation, unaudited/uncontrolled payment vouchers
Items not taken on Store Ledger Charge
Expenditure retired with suspected fake receipts/not taken on store ledger charge
Loan from Salary Account
2,617,000.00
100,000.00
400,000.00
970,000.00
100,000.00
700,000.00
420,000.00
924,000.00
945,000.00
430,000.00
various
TOTAL 7,606,000.00

83
APPENDIX DXII
ILEJEMEJE LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
AQ/ILLG/01/017
AQ/ILLG/02/017
AQ/ILLG/03/017
AQ/ILLG/04/017
AQ/ILLG/05/017
AQ/ILLG/06/017
AQ/ILLG/07/017
AQ/ILLG/08/017
AQ/ILLG/08/017
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
AQ/ILLG/08/017 & 018
Expenditure Contrary to Financial Regulation
Expenditure not supported by Proper records/accounts
Items not taken on Store Ledger Charge
Unreceipted, Unaudited/Unretired Payment Vouchers
Nugatory payment
Doubtful/unreasonable expenditure
Nugatory payment II
Unaudited/unretired expenditure
Expenditure contrary to financial regulations
Items not taken on Store Ledger charge
Nugatory payment
Unaudited payments
Doubtful payments/falsification
Unreceipted payments
Assorted
1,060,000.00
72,600.00
75,000.00
237,000.00
900,000.00
1,545,000.00
1,449,000.00
2,295,000.00
2,227,000.00
4,955,000.00
5,291,150.00
15,754,007.00
10,800,000.00
1,250,000.00
10,162,000.00
5,072,000.00
1,665,000.00
TOTAL 64,784,757.00

84
APPENDIX DXIII
IREPODUN/IFELODUN LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
ILLG/AQ/01/2017
ILLG/AQ/02/2017
ILLG/AQ/03/2017
ILLG/AQ/04/2017
ILLG/AQ/05/2017
ILLG/AQ/06/2017
ILLG/AQ/07/2017
ILLG/AQ/082017
ILLG/AQ/09/2017
ILLG/AQ/10/2017
ILLG/AQ/11/2017
ILLG/AQ/12/2017
Nugatory payment I
Unaudited/unreceipted payment vouchers
Expenditure not supported with proper records/account
Unexecuted Capital Projects
Nugatory payment II
Nugatory payment II
Nugatory payment IV
1,211,600.00
1,341,000.00
1,757,600.00
975,000.00
1,873,600.00
10,000,000.00
26,890,006.43
20,141,315.55
9,375,000.00
9,151,367.95
8,125,000.00
9,500,000.00
100,341,489.93

85
APPENDIX D XIV
ISE/ORUN LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
AQ/IOLG/01/017
AQ/IOLG/02/017
AQ/IOLG/03/017
AQ/IOLG/04/017
AQ/IOLG/05/017
AQ/IOLG/06/017
AQ/IOLG/07/017
AQ/IOLG/08/017
AQ/IOLG/09 /017
Nugatory payments I
Doubtful expenditures
Inflated purchases
Un-produced payment vouchers
Un-executed Capital Project
Nugatory payment 2
13,949,829.20
1,369,000.00
1,644,000.00
6,070,000.00
486,500.00
5,528,146.15
12,209,420.00
8,217,012.60
5,487,500.00
TOTAL 54,961,407.95

86
APPENDIX DXV
MOBA LOCAL GOVERNMENT
S/N QUERY NO SUBEJCT AMOUNT (N)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
AQ/MBLG/01/2017
AQ/MBLG/02/2017
AQ/MBLG/03/2017
AQ/MBLG/04/2017
AQ/MBLG/05/2017
AQ/MBLG/06/2017
AQ/MBLG/07/2017
AQ/MBLG/08/2017
AQ/MBLG/09/2017
AQ/MBLG/10/2017
AQ/MBLG/11/2017
AQ/MBLG/12/2017
AQ/MBLG/13/2017
AQ/MBLG/14/2017
AQ/MBLG/15/2017
AQ/MBLG/16/2017
AQ/MBLG/17/2017
AQ/MBLG/18/2017
AQ/MBLG/19/17
AQ/MBLG/20/2017
Nugatory payments I
Nugatory payments II
Nugatory payments III
Nugatory payments IV
Nugatory payments V
Nugatory payments VI
Doubtful expenditure I
Expenditure not supported with proper record of account I
Expenditure not supported with proper record of account II
Expenditure contrary to regulation I
Expenditure contrary to regulation II
Expenditure contrary to regulation III
Expenditure contrary to regulation III
Expenditure not supported with proper records accounts IV
Nugatory payment VII
Nugatory payment VIII
Doubtful payment II
Expenditure not supported by proper records or accounts V
Nugatory payment IX
Nugatory payment X
7,509,000.00
2,400,000.00
770,000.00
3,170,000.00
1,786,500.00
1,140,000.00
3,500,000.00
400,000.00
945,000.00
750,000.00
1,280,000.00
1,925,000.00
3,125,000.00
10,000,000.00
7,005,075.49
15,625,000.00
6,758,136.00
5,625,000.00
7,500,000.00
2,195,000.00
85,608,712.08

87
APPENDIX DXVI
OYE LOCAL GOVERNMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
AQ/OYLG/01/17
AQ/OYLG/02/17
AQ/OYLG/03/17
AQ/OYLG/04/17
AQ/OYLG/05/17
AQ/OYLG/06/17
AQ/OYLG/07/17
AQ/OYLG/08/17
AQ/OYLG/09/17
AQ/OYLG/10/17
AQ/OYLG/11/17
AQ/OYLG/12/17
AQ/OYLG/13/17
AQ/OYLG/14/17
Expenditure contrary to regulation
Unreasonable expenditure
Unaudited expenditure
Un receipted expenditure (Unclaimed fund)
Expenditure not supported with proper records of accounts
Unproduced payment vouchers (purchase of official cars)
Inflated contract/overpayment & Nugatory payment
Nugatory payment
Nugatory payment/unverified projects
Spurious expenditure
Unverified project
730,000.00
780,000.00
352,000.00
692,000.00
300,000.00
10,000,000.00
12,000,000.00
21,830,000.00
16,656,000.00
1,680,000.00
380,000.00
5,050,000.00
4,721,000.00
9,301,250.00
84,472,250.00

88
ADO LOCAL GOVERNMENT ADO-EKITI, EKITI STATE, NIGERIA
STATEMENT OF FINANCIAL POSITION AS AT 31ST
DECEMBER, 2017
Notes 2017 2017 2016 2016
N N N N
ASSETS
Current Assets
Receivables 27 444,945,628.65 383,627,535.80
Prepayments 28 - -
Inventories 29 1,153,180.00 796,124.00
Total Current Asset 451,036,069.28 408,002,504.20
Non-Current Assets
Long Term Loans 30
Investments 31 -
Property, Plant & Equipment 32 939,367,481.90 980,242,601.00
Investment Property 33 -
Intangible Assets 34 -
Total Non-current Assets 939,367,481.90 980,242,601.00
Total Assets 1,390,403,551.18 1,388,24,105.20
LIABILITIES
Current liabilities
Deposits 35
Accrued Expenses 21 -
Unremitted Deductions 37 1,500,000.00 -
Payables 38 429,273,323.78 387,856,380.37
Short Term Provisions 39 -
Current portion of Borrowings 40
Total Current Liabilities 430,773,323.78 387,856,380.37
Public Funds 41 -
Long Term Provisions 42 -
Long Term Borrowings 43 -
Total Non- Current
Liabilities
Total Liabilities (430,773,323.78) 387,856,380.37
NET ASSETS 959,630,227.40 1,000,388,724.83
NET ASSETS/EQUITY
NET SURPLUS 44
Reserves 45 939,367,481.90 980,242,600.00
Accumulated
Surpluses(Deficits) 34 20,262,745.50 20,146,124.83
Total Net Assets/Equity: 959,630,227.40 1,000,388,724.83

89
ADO LOCAL GOVERNMENT ADO-EKITI, EKITI STATE, NIGERIA
STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31ST
DECEMBER,
2017
Variance on final
Budget
N N N
REVENUE
731,915,575.59
Government Share of
FAAC(Statutory
Revenue)
1 775,147,362.55 2,500,000,000.00 (19,522,852,637.45)
-
Government Share of
VAT
2
31,909,997.84 Tax Revenue 3 877,152.90 20,400,000.00 (19,522,847.10)
Non- Tax Revenue 4 33,201,851.10 39,149,500.00 (5,947,648.90)
Investment Income 5 - - -
- Interest Earned 6 - - -
- Aid & Grants 7 - - -
- Debt Forgiveness 8 - - -
-
Other Revenues
(SALES OF ASSET)
9 - - -
-
Transfer from other
Government Entities
10 - - -
763,825,573.43 Total Revenue 809,226,366.55 2,559,549,500.00 (1,750,323,133.45)
EXPENDITURE
621,820,620.39 Salaries & wages 11 640,763,003.67 943,085,330.00 302,322,326.45
- Social Benefits 12 17,256,049.37 - (17,256,049.37)
Overhead Cost 13 84,392,155.82 147,150,000.00 62,757,844.18
85,120,881.20
Grants &
Contributions
14 12,299,052.64 -- (12,299,052.64)
- Bank Charges 15 - -
- Depreciation Charges 16 34,253,359.55 -
- Impairment Charges 17
- Amortization Charges 18
- Bad Debts Charges 19
-- Public debt charge 20
-
Transfer to other
Government entities
21
706,941,501.59 Total Expenditure 788,963,621.05 1,090,235,330.00 301,271,708.95
56,884,071.84
Surplus/(deficit)
from Operating
Activities for the
period
20,262,745.50 1,469,314,170.00 1,449,051,424.50
of Asset
22
23
Share of
surplus(Deficit) in
24

90
Associates & Joint
Ventures
56,884,071.84
Total Non-
Operating
Revenue(Expenses)
20,262,745.50 1,469,314,170.00 1,449,051,424.50
Surplus/(Deficit)
from Ordinary
Activities
Minority Interest
Share of
25
56,884,071.84
Net Surplus/
(Deficit) for the
period
20,262,745.50 1,469,314,170.00 1,449,051,424.50

91
ADO LOCAL. GOVERNMENT ADOEKITI, EKITI STATE, NIGERIA
STATEMENT CASH FLOW FOR THE YEAR ENDED 31ST
DECEMBER, 2017.
N N N N
CASH FLOW FROM OPERATING
ACTIVITIES
Inflows
Government Share of FAAC(Statutory
Revenue)
1 775,147,362.55 731,915,575.59
Government Share of VAT 2 -
Tax Revenue 3 877,152.90 31,909,997.84
Non-Tax Revenue 4 33,201,851.10
Investment income 5
Interest earned 6
Aids & Grants 7
Debts forgiveness 8
Other Revenue 9
Transfer from other Governments Entities 10
Total inflow from Operating Activities 1 809,226,366.55 763,825,573.43
Out flows
Salary & Wages 11 640,763,003.67 621,820,620.39
Social benefits 12 17,256,049.37 -
Overhead cost 13 84,392,155.82 85,120,881.20
Grants & contribution 14 12,299,052.64
Subsides - -
Transfer to other Government
entities
- -
Financial cost - -
Total outflow from operating
activities
754,710,261.50 706,941,501.59
Net cash flow/(Outflow) from
1 54,516,105.05 56,884,071.84
CASH FLOW FROM INVESTING
ACTIVITIES
Proceeds from sale of PPE 858,000.00
Proceeds from sales of investment
property
Proceeds from sale of intangible Assets
Proceeds from sale of investment
Dividends Received 858,000.00
Purchase of PPE 24 73,157,688.84 40,848,176.94 57,742,071.84
Purchase construction of investment
Property
Purchase of intangible Assets 0.00
Acquisition of investment 73,157,688.84 0.00 40,848,176.94
Cash Flow from investing Activity
16,893,894.90
Net Cash Flow from investing Activities 18,641,583.79 16,893,894.90

92
N N N N
CASH FLOW FROM
FINANCING ACTIVITIES
Capital Grant Received 0.00 0.00
Proceeds from Borrowings 0.00 0.00
Repayments of Borrowings 0.00 0.00
Distribution of surplus/Dividends
paid
0.00 0.00
Activities
(18,641,583.19) 16,893,894.90
Net Cash Flow from all
activities
(18,641,583.19) 16,893,894.90
1/1/2017
2 23,578,844.42 6,684,949.52
31/12/2017
4,937,260.63 23,578,844.42

93
ADO LOCAL GOVERNMENT, ADO-EKITI
EKITI STATE, NIGERIA
POSITION OF REVENUE FOR THE PERIOD ENDED 31ST
DECEMBER, 2017
DECEMBER
2017 (N)
Tax Revenue
Non – Tax Revenue
Investment Income
Interest earned
1
2
4
5
6
775,147,362.55
877,152.90
33,201,851.10
Total 809,226,366.55

94
ADO LOCAL GOVERNMENT, ADO EKITI
POSITION OF EXPENDITURE FOR THE PERIOD ENDED 31ST
DECEMBER, 2017
DETAILS NOTE REVENUE
JANUARY-
DECEMBER
2017 (N)
Salary and wages
Overhead cost
Bank charges
Purchase of PPE
Social Benefit
11
13
14
15
25
640,763,003.67
84,392,155.82
12,299,052.64
-
73,157,688.84
17,256,049.37
TOTAL 827,867,950.34

95
EFON LOCAL GOVERNMENT EFON-ALAAYE EKITI, EKITI STATE, NIGERIA
DECEMBER,2017
Notes 2017 2017 2016 2016
N N N N
ASSETS
Current Assets
Receivables 27 38,352,251.40 60,027,525.65
Prepayments 28 - -
Inventories 29 516,100.00 513,000.00
Non-Current Assets
Long Term Loans 30 - -
Investments 31 526,209.00 526,209.00
Investment Property 33 106,080,000.00 102,000,000.00
Intangible Assets 34 - -
Total Non-current Assets 952,169,709.00 1,032,876,209.00
Total Assets 1,259,287,668.81 1,279,004,832.52
LIABILITIES
Current liabilities
Deposits 35 - -
Accrued Expenses 21 610,739,993.49 7,876,229.72
Unremitted Deductions 37 6,577,980.00 6,635,286.40
Payables 38 21,213,420.67 25,238,420.67
966,138,228.95
Current portion of Borrowings 40
Total Current Liabilities 638,531,394.16 1,005,888,165.74
Public Funds 41 -
Long Term Provisions 42 -
Long Term Borrowings 43 103,706,396.81 101,385,539.10
Total Non- Current
Liabilities - 103,706,396.81 101,385,539.10
Total Liabilities 742,237,790.97 742,237,790.97 1,107,273,704.84
NET ASSETS 517,049,877.84 171,731,127.68
NET ASSETS/EQUITY
NET SURPLUS 44
Reserves 45 248,800,269.43
Accumulated
Surpluses(Deficits) 34 268,249,608.41
Total Net Assets/Equity: 517,049,877.84 171,731,127.68

96
EFON LOCAL GOVERNMENT EFON-ALAAYE EKITI, EKITI STATE, NIGERIA
DECEMBER, 2017
Variance on
final Budget
N N N
REVENUE
1,163,759,715.07
Government Share of
FAAC(Statutory
Revenue)
1 902,920,476.22 1,350,000,000.00 (447,079,523.78)
-
Government Share of
VAT
2 0.00 0.00 0.00
459,776.95 Tax Revenue 3 516,010.42 2,750,000.00 (2,233,989.58)
2,524,650.00 Non- Tax Revenue 4 2,174,200.00 21,302,000.00 19,127,800.00
181,450.00 Investment Income 5 68,990.00 -
308.48 Interest Earned 6 17,838.56 1,202,000.00 (1,133,010.00)
0.00 Aid & Grants 7 0.00 5,000.00 12,838.56
0.00 Debt Forgiveness 8 0.00
-
Other Revenues
(SALES OF ASSET)
9 0.00 (70,000.00)
0.00
Transfer from other
Government Entities
10 0.00 0.00 -
1,166,925,900.50 Total Revenue 905,697,512.20 1,375,259,000.00 (469,561,484.80)
EXPENDITURE
826,695,867.16 Salaries & wages 11 572,226,569.26 1,024,215,571.00 451,989,001.74
0.00 Social Benefits 12 31,512,713.82 - (31,512,713.82)
51,068,950.00 Overhead Cost 13 88,787,857.25 122,943,500.00 34,155,642.75
3,412,500.00
Grants &
Contributions
14 - -
0.00 Bank Charges 15 0.00 0.00 0.00
0.00 Depreciation Charges 16 0.00 0.00 -
0.00 Impairment Charges 17 0.00 0.00 -
0.00 Amortization Charges 18 0.00 0.00 -
0.00 Bad Debts Charges 19 0.00 0.00 -
0.00 Public debt charge 20 0.00 0.00
Transfer to other
Government entities
21 187,500.00 20,000,000.00 19,812,500.00
285,748,583.34
Surplus/(deficit)
from Operating
Activities for the
period
212,982,871.87
208,099,929.00 4,882,942.87
0.00
of Asset
22 0.00 0.00 -
0.00
23 0.00 0.00 -

97
0.00
Share of
surplus(Deficit) in
Associates & Joint
Ventures
24
0.00
Total Non-
Operating
Revenue(Expenses)
285,748,583.34
Surplus/(Deficit)
from Ordinary
Activities
212,982,871.87 208,099,929.00 4,882,942.87
0.00
Minority Interest
Share of
25 0.00 0.00
285,748,583.34
Net Surplus/
(Deficit) for the
period
234,196,295.54 208,099,929.00 4,882,942.87

98
EFON LOCAL. GOVERNMENT EFON-ALAAYE-EKITI, EKITI STATE, NIGERIA
STATEMENT CASH FLOW FOR THE YEAR ENDED 31ST
DECEMBER, 2017.
N N N N
CASH FLOW FROM OPERATING
ACTIVITIES
Inflows
Government Share of FAAC(Statutory
Revenue)
1 864,568,224.82 1,163,759,715.07
Government Share of VAT 2 - 0.00
Tax Revenue 3 516,010.42 459,726.95
Non-Tax Revenue 4 2,174,200.00 2,524,650.00
Investment income 5 68,990.00 181,450.00
Interest earned 6 17,838.56 308.48
Aids & Grants 7 -
Debts forgiveness 8 -
Other Revenue 9 -
Transfer from other Governments
Entities
10 -
Total inflow from Operating
Activities
1 867,345,263.80 1,166,925,900.50
Out flows
Salary & Wages 11 551,013,148.59 826,695,867.16
Social benefits 12 31,512,713.82 0.00
Overhead cost 13 88,787,857.25 51,068,950.00
Grants & contribution 14 - 3,412,500.00
Subsides - 0.00
Transfer to other Government
entities
187,500.00 0.00
Financial cost - 0.00
Total outflow from operating
activities
- 671,501,219.66 881,177,317.16
Net cash flow/(Outflow) from
1 - 195,844,044.14 285,748,583.34
CASH FLOW FROM INVESTING
ACTIVITIES
-
Proceeds from sale of PPE 0.00 0.00
Proceeds from sales of investment
property
0.00 0.00
Proceeds from sale of intangible Assets 0.00 0.00
Proceeds from sale of investment 0.00 0.00
Dividends Received 0.00 0.00
Purchase of PPE 24 107,627,161.59 88,244,818.19
Purchase construction of investment
Property
0.00 0.00
Purchase of intangible Assets 0.00 0.00 88,244,818.19
Acquisition of investment 0.00 107,627,161.59 0.00 -
Net Cash Flow from investing Activities 88,216,882.55 197,503,765.15

99
N N N N
CASH FLOW FROM FINANCING
ACTIVITIES
Capital Grant Received - 0.00
Proceeds from Borrowings 0.00 0.00
Repayments of Borrowings 5,555,372.01 0.00 12,939,737.04
Distribution of surplus/Dividends paid 0.00 5,555,372.01 0.00 12,939,737.04
Activities
82,661,510.54 -
Net Cash Flow from all activities 82,661,510.54 184,564,028.11
Cash & its Equivalent as at 1/1/2017 2 185,588,097.87 1,024,069.76
31/12/2017
268,249,608.41 185,588,097.87

100
EFON LOCAL GOVERNMENT, EFON-ALAAYE EKITI
POSITION OF REVENUE FOR THE PERIOD ENDED 31ST
DECEMBER, 2017
DETAILS NOTE REVENUE JANUARY-DECEMBER
2016 (N)
Tax Revenue
Non – Tax Revenue
Investment Income
Interest earned
1
3
4
5
6
864,568,224.82
516,010.42
2,174,200.00
-
17,838.56
Total 1,175,801,688.87

101
EFON LOCAL GOVERNMENT, EFON-ALAAYE EKITI
POSITION OF EXPENDITURE FOR THE PERIOD ENDED 31ST
DECEMBER, 2017
DETAILS NOTE REVENUE JANUARY-DECEMBER
2016 (N)
Salary and wages
Overhead cost
Purchase of PPE
Repayments of Borrowing
11
13
14
835,571,656.03
51,068,950.00
3,412,500.00
88,244,818.19
12,939,737.04
Total 991,237,661.26

102
EMURE LOCAL GOVERNMENT EMURE EKITI, EKITI STATE, NIGERIA
DECEMBER, 2017
Notes 2017 2017 2016 2016
N
N
N
N
ASSETS
Current Assets
Receivables 27 - -
Prepayments 28 - -
Inventories 29 - -
Non-Current Assets
Long Term Loans 30 -
Investments 31 -
Investment Property 33 - -
Intangible Assets 34 - -
Total Non-current Assets 70,309,728.60 25,821,073.34
Total Assets 74,369,812.72 71,506,646.9
LIABILITIES
Current liabilities
Deposits 35 - -
Accrued Expenses 21 - -
Unremitted Deductions 37 - -
Payables 38 - -
Accrued expenses 39 - -
Current portion of Borrowings 40 - -
Total Current Liabilities
Public Funds 41 4,060,084.12 45,685,573.35
Long Term Provisions 42 - -
Long Term Borrowings 43 - -
Total Non- Current Liabilities 4,060,084.12 45,685,573.35
Total Liabilities 4,060,084.12 45,685,573.35
NET ASSETS 70,309,728.60 25,821,073.35
NET ASSETS/EQUITY
NET SURPLUS 44 -
Reserves 45 70,309,728.60
Accumulated Surpluses(Deficits) 46 -
Minority Interest 47 -
Total Net Assets/Equity: 70,309,728.60 25,821,073.35

103
EMURE LOCAL GOVERNMENT EMURE EKITI, EKITI STATE, NIGERIA
DECEMBER, 2017
Actual
2016
Notes Actual 2017
FINAL
BUDGET
Variance on
final Budget
N N N
REVENUE
450,702,840.09
Government Share of
FAAC(Statutory
Revenue)
1 767,528,729.38 1,080,000,000.00 (312,471,270.62)
-
Government Share of
VAT/Excess Crude
2 94,079,191.38 189,985,074.65 (95,905,883.27)
142,885.26 Tax Revenue 3 283,752.46 730,000.00 (446,247.54)
4,748,660.00 Non- Tax Revenue 4 1,914,530.00 5,155,000.00 (3,240,470.00)
616,100.00 Investment Income 5 -
0.00 Interest Earned 6 -
0.00 Aid & Grants 7 -
0.00 Debt Forgiveness 8 -
-
Other Revenues
(SALES OF ASSET)
9 -
Transfer from other
Government Entities
10 -
456,210,485.35 Total Revenue 863,806,203.22 1,275,870,074.65 (412,063,871.43)
EXPENDITURE
380,102,223.53 Salaries & wages 11 781,495,990.39 992,476,225.21 210,980,234.82
0.00 Social Benefits 12 - - -
28,988,765.55 Overhead Cost 13 79,447,046.80 103,757,873.84 24,310,827.04
0.00
Grants &
Contributions
14 -
0.00 Bank Charges 15 -
0.00 Depreciation Charges 16 -
0.00 Impairment Charges 17 -
0.00 Amortization Charges 18 -
0.00 Bad Debts Charges 19 -
0.00 Public debt charge 20 -
0.00
Transfer to other
Government entities
21 -
47,119,496.27
Surplus/(deficit) from
for the period
2,863,166.03 179,635,975.60 176,772,809.57
of Asset
22
23

104
Share of
surplus(Deficit) in
Associates & Joint
Ventures
24
Total Non-Operating
Revenue(Expenses)
2,863,166.03 179,635,975.60 176,772,809.57
47,119,496.27
Surplus/(Deficit) from
Ordinary Activities
Minority Interest
Share of
25
47,119,496.27
Net Surplus/ (Deficit)
for the period
2,863,166.03 179,635,975.60 176,772,809.57

2017 consolidated auditor general's report

2017 consolidated auditor general's report

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