<<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 1.0 INTRODUCTION The Accounts of the Government of Ekiti State, Nigeria for the year ended 31st December, 2018 have been audited under my direction in accordance with section 125 (2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and Section 26 (2) of Ekiti State Audit Law (No 11) of 2014. 1.1 RESPONSIBILITY OF THE ACCOUNTANT-GENERAL In accordance with the provisions of Finance Control and Management Act, 1958 and Section 02001 of the Financial Administration, the Accountant-General is the Chief Accounts Officer for the receipts and payments of Government of Ekiti State. It is the responsibility of the Accountant-General to establish and maintain an adequate system of Internal Controls, designed to provide reasonable assurance that the transactions recorded are within statutory authority, properly record the use of public financial resources by the Government and to ensure that the Financial Statements fairly reflect the true financial position of Government and its operations in accordance with the provisions of above stated Act. 1.2 RESPONSIBILITY OF THE AUDITOR-GENERAL The responsibility of the Auditor-General is to express an independent opinion on the Financial Statements of the State as prepared by the Accountant-General based on his audit in compliance with Section 125 (2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and Section 26 (2) of Ekiti State Audit Law (No 11) of 2014. An audit in this context involves the examination on a test basis, of evidence relevant to the amounts and disclosures in the Financial Statements prepared by the Accountant-General. It also includes an assessment of the significant estimates and judgments made in the preparation of the Financial Statements and whether the accounting policies are appropriate to Government circumstances, consistently applied and adequately disclosed. 1.3 RESPONSIBILITY OF THE PUBLIC ACCOUNTS COMMITTEE It is the responsibility of the Public Accounts Committee of the House of Assembly to review the Auditor-General‘s Report with a view to ensuring enforcement of the recommendations made therein and impose sanctions where appropriate. 1.4 AUDITOR-GENERAL’S REPORT/AUDIT CERTIFICATE. I have audited the Accounts of the Government of Ekiti State of Nigeria as at 31st December, 2018 as set out in Annexure I containing Ekiti State Financial Statements in accordance with Section 125 (2) of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and Section 26 (2) of Ekiti State Audit Law (No 11) of 2014. 1|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 1.5 BASIS OF OPINION: The Audit was conducted in accordance with International Standards on Auditing and Generally Accepted Public Sector and INTOSAI Auditing Standards. These standards require that I comply with ethical requirements, plan and perform the audit to obtain reasonable assurance that the Financial Statements are free from material misstatements whether due to fraud or error. I also evaluated the overall adequacy of the presentation of information in the Financial Statements. In the course of the Audit, I have obtained all the information and explanation that to the best of my knowledge and belief were necessary for the purpose of the audit and I believe that the audit evidence I obtained is sufficient and appropriate to provide a basis for independent opinion. Ekiti State Government initiated accrual basis IPSAS on 1st January, 2017 and elected to adopt transitional exemptions in IPSAS 33 that allows it apply deemed cost and a transitional period of up to three years. As a result of adopting these transitional exemptions and provisions, the Ekiti State Government is not able to make an explicit and unreserved statement about its full compliance with accrual basis IPSASs. These financial statements are therefore referred to as the second transitional IPSAS financial statements of Ekiti State Government. 1.6 OPINION: In my opinion the Financial Statements which include Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flow and Statement of Change in Net Assets / Equity as at 31st December, 2018 with supporting Notes, give a true and fair view of the state of affairs and financial position of the Government of Ekiti State for the fiscal year ended on that date subject to the observations and comments in the other parts of this report. Daniel A. Kayode (FCNA,FCFIP,ACTI) FRC/2014/ANAN/00000010277 Auditor-General, Ekiti-State. 2|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 2.0 APPRAISAL OF THE YEAR’S BUDGET PERFORMANCE The aggregate revenue and expenditure projection for the State in 2018 was One Hundred and Eight Billion, Five Hundred and Thirty Eight Million, Seventy Two Thousand, Eight Hundred and Thirteen Naira and Fifty Two kobo (N108,538,072,813.52) only. The budget for the year under review was a balanced budget The projected revenue showed an increase of N7,480,251,538.77 (or approximately 7.40%) when compared with its corresponding figure of N101,057,821,274.75 for the year 2017 while the budgeted expenditure increased by N15,446,216,779.11 (or approximately 16.60%) when compared with previous year’s figure of N93,091,856,034.41. The actual revenue for the current year was N76,716,106,897.27 and actual expenditure was N78,793,624,355.11 thus resulting to an aggregate deficit of N2,077,517,454.84. The performance level achieved by the revenue and expenditure was 70.68% and 72.60% respectively in the current year as against 68.57% and 79.90% attained in 2017. Audit observed that the average revenue generated by the State in the past Five (5) years was N75,675,593,411.63 while the Budgeted revenue for the year under review was put at N101,538,072,813.52. The gap between the two figures amounting to N28,862,479,401.89 or 28.42% of budgeted revenue depicted over – ambitiousness in the budgeted revenue and thus made the revenue target far from being realistic. Audit is of the opinion that existence of significant budget errors undermines the ability of the Government to achieve goals and objectives set in the budget. Now that the State Government had keyed into SFTAS programme, there are certain percentages set for expenditure out-turn, which are usually calculated on original budget figures which are expected to be met. This now call for setting realistic revenue and expenditure target in the budget. The budget performance is shown below: 2.1 BAR CHART SHOWING THE 2018 BUDGET PERFORMANCE: 120,000,000,000.00 100,000,000,000.00 80,000,000,000.00 60,000,000,000.00 BUDGETED ACTUAL 40,000,000,000.00 20,000,000,000.00 0.00 REVENUE EXPENDITURE 3|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 2.2 REVENUE PROFILE AT A GLANCE RECURRENT RECEIPTS ESTIMATE 2018 ACTUAL 2018 PERFORMANCE N N % Government Share of FAAC 36,566,274,422.32 38,019,908,660.69 103.98 Other Statutory Revenue (FAAC) 21,983,123,267.02 6,009,175,979.60 27.34 Government Share of VAT 11,000,000,000.00 10,214,624,926.44 92.86 IGR 13,084,357,901.63 11,949,154,857.67 91.32 Other Recurrent Receipts 2,783,694,816.87 526,191,331.81 18.90 TOTAL RECURRENT RECEIPTS 85,417,450,407.84 66,719,055,756.18 78.11 Capital Receipts 23,120,622,405.68 9,997,051,141.08 43.24 TOTAL 108,538,072,813.52 76,716,106,897.29 70.68 Source: Financial Report of Accountant-General, Ekiti State for the year ended 31st December, 2018. 2.3 RECURRENT REVENUE BUDGET The analysis above showed that a sum of N85,417,450,407.84 representing 78.70% of total budgeted receipts was anticipated from Recurrent receipts and a sum of N23,120,622,405.68 which represents 21.30% was expected from capital receipts. The actual Recurrent receipts for the year under review was N66,719,055,756.18. This represents 78.11% performance level and a recurrent revenue variance of 21.89% which is lower than year 2017 variance of 30.59%. Also, the amount collected in 2018 increased by N9,927,867,779.64 (or approximately 17.49%) when compared with its corresponding figure of N56,791,187,976.54 for the year 2017. The breakdown of the actual Recurrent Revenue of N66,719,055,756.18 as stated showed that Government share of FAAC recorded a budget performance of 103.98% while other Statutory Revenue (FAAC) had a budget performance of 27.34% and a variance of 72.66% . The Government share of Value Added Tax (VAT) recorded a budget performance level of 92.86% with a variance of 4|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 7.14%, Internally Generated Revenue (IGR) recorded a budget performance level of 91.32% and a variance of 8.68% while Other Recurrent receipts had the lowest budget performance of 18.90% and the highest variance of 81.10%. 2.4 RECOMMENDATION: This year Recurrent Revenue budget would appear over-ambitious. A more realistic recurrent revenue budget is suggested to avoid derailment of developmental programmes planned for implementation. 2.5 CAPITAL RECEIPTS: The actual Capital Receipts recorded in year 2018 was N9,997,051,141.08 as against N23,120,622,405.00 budgeted resulting in a budget performance of 43.24%. This was a significant decrease when compared with 65.02% achieved in the preceding year. The two components of the Capital Receipts in the year under review were (i) Foreign Loans (Drawn downs) – N9,709,551,141.08 and (ii) Domestic Loan (Facility Loan) – N287,500,000.00. Audit observed that the budgeted Capital receipts stated in the original approved budget prepared with ‘old codes’ was N33,734,118,870.41. However, this amount reduced to N23,120,622,405.68 in the IPSAS compliant budget due to re-classification of some revenue items to be in tandem with NCOA. This also had affected the actual capital receipts for the year under review as receipts from two revenue sources (Paris Club Refund - N3,934,272,411.44 and Excess Crude Refund – N117,968,648.01) amounting to N4,052,241,059.45 which were supposed to be Capital receipts were moved to Recurrent receipts. This grave error could have been avoided if the recommendation made in the 2017 Auditor-General’s Report that IPSAS compliant budget template should be employed in the preparation of budget had been implemented. The Budget Ministry should take note of this. 2.6 RECOMMENDATION: To avoid classification error, IPSAS compliant budget template should be strictly adhered to. 5|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 2.7 ACTUAL REVENUE COMPARISON BETWEEN 2017 AND 2018. S/N REVENUE ACTUAL ACTUAL DIFFERENCE PERCENTAGE DIFFERENCES 2017 2018 % N N N 1 Government Share of FAAC 25,352,826,448.06 38,019,908,660.69 12,667,082,212.63 49.96% 2 Other Statutory Receipts 9,095,980,002.03 5,891,207,331.59 (3,204,772,670.44) (35.23) 3 Excess Crude Oil 164,439,699.58 117,968,648.01 (46,471,051.57) (28.26) 4 Government Share of VAT 9,059,086,275.64 10,214,624,926.44 1,155,538,650.80 12.76 5 Ecological Fund - - - - 6 IGR 11,901,854,044.31 11,949,154,857.67 47,300,813.36 0.40 7 Other Receipt (Drawn Down) 4,008,926,117.57 9,709,551,141.08 5,700,625,023.51 142.20 8 Internal Loan 8,495,000,000.00 287,500,000.00 (8,207,500,000.00) (96.62) 9 Sundry Receipts 1,217,001,506.92 526,191,331.81 (690,810,175.11) (56.76) TOTAL 69,295,114,094.11 76,716,106,897.29 7,420,992,803.18 10.71 SOURCE: Financial Reports of Accountant-General, Ekiti State for the year ended 31st December, 2018. From the analysis above, the aggregate revenue of N76,716,106,897.29 was raised in 2018 compared to N69,295,114,094.11 raised in 2017 representing a year – on –year increase of 10.71% or N7,420,992,803.18 in absolute value. The Government Share of FAAC (Statutory Allocation) recorded a stunning performance as it rose remarkably by 49.96% from N25,352,826,448.06 in year 2017 to N38,019,908,660.69 in year 2018. Other Statutory Receipts fell drastically from N9,095,980,002.03 in year 2017 to N5,891,207,331.59 in 2018 resulting to 35.23% decrease. Included in this amount was the total sum of N4,334,273,157.44 received in the year as Paris Club Refund- N3,934,272,411.44 and Paris (NGF) Refund – N400,000,746.00. 6|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> The Value Added Tax had an increase of 12.76% and Excess Crude Oil (Refund) recorded a decrease of 28.26%. On the whole, the amount received by the State from the Federation Account in 2018 was N54,243,709,566.73 as against N43,672,332,425.31 received in 2017 translating to increase of N10,571,377,141.42 (or approximately 24.21%). The Internally Generated Revenue had an insignificant increase of less than 1% (0.40%) while Sundry Receipts recorded 56.76% decrease. Other Receipts which were drawn downs from Foreign Loan had a remarkable increase of 142.20% from year 2017 figure of N4,008,926,117.57 to N9,709,551,141.08 in year 2018. The increase was largely due to the receipts of external loan for (i) State Education Programme Investment Project (SEPIP) – N3,466,048,365.81, (ii) 3rd National Urban Water Sector Reform Project – N6,120,000,000.00 The Internal Loan reduced considerably from N8,495,000,000.00 in 2017 to N287,500,000.00 in the current year. 2.8 COMPARATIVE ANALYSIS OF INTERNALLY GENERATED REVENUE PERFORMANCE FOR YEAR 2017 AND 2018 S/N REVENUE DESCRIPTION ESTIMATE 2018 ACTUAL 2018 BUDGET ACTUAL 2017 ACTUAL DIFFERENCE PERFORMANCE A-B (A) (B) % N N N N 1 Pay – As – You Earn 3,980,198,948.48 4,193,406,349.50 105.36 3,319,738,095.50 873,668,254.00 2 Direct Assessment 350,000,000.00 163,583,025.97 46.74 173,217,961.47 (9,634,935.50) 3 Development Levy 110,217,012.07 21,941,922.74 19.91 24,121,024.90 (2,179,102.16) 4 Community Development Levy - 79,337,887.67 - 133,142,346.47 (53,804,458.80 5 Capital Gain Tax 150,000.00 166,803.80 111.20 20,000.00 146,803.80 6 Withholding Tax 321,336,926.38 261,827,810.78 81.48 605,580,391.90 (343,752,581.12) 7 Back Duty Assessment - - - - 8 Tax Audit - 79,582,914.86 - 67,378,317.67 12,204,597.19 9 Sub Total(Taxes) 4,761,902,886.93 4,799,846,715.29 100.80 4,323,198,137.91 476,648,577.38 10 Fines and Fees 1,951,632,823.82 1,045,264,627.02 53.56 1,281,372,235.17 (236,107,608.15) 7|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 11 Licences 152,267,233.60 158,264,674.81 103.94 136,618,051.74 21,646,623.07 12 Earning & Sales 170,266,612.78 65,996,569.75 38.76 97,454,535.29 (31,457,965.54) 13 Rent on Govt property 23,483,809.67 113,825,905.04 484.70 39,610,756.55 74,215,148.49 14 Dividends 73,087,067.28 57,704,169.57 78.95 56,333,177.00 1,370,992.57 15 Others (Reimbursement&Misc ) 2,588,501.30 1,297,547.98 50.12 1,408,858.49 (111,310.51) 16 Bank Interest - - - - - 17 Pool Betting Lotteries - - - - - 18 Unserviceable assets - - - - - 19 Legal Fees - - - 111,182,990.10 111,182,990.10 20 Parastatals and Tertiary Institutions 5,949,128,966.25 5,706,954,648.18 95.93 5,854,675,302.06 147,720,653.88 TOTAL 13,084,357,901.63 11,949,154,857.67 91.32 11,901,854,044.31 47,300,813.36 IGR Retained by Parastatals and Tertiary (5,775,878,144.22) (5,649,442,542.31) 97.81 (5,717,271,627.56) 67,829,085.25 Institutions NET IGR 7,308,479,756.41 6,299,712,315.36 86.20 6,184,582,416.75 115,129,898.61 IGR TO TOTAL REVENUE % 15.58% 17.18% IGR TO PERSONNEL COST % 67.18% 64.18% IGR TO RECURRENT EXPENDITURE % 17.88% 19.50% IGR TO TOTAL EXPENDITURE % 15.17% 16.10% SOURCE: Financial Reports of Accountant–General, Ekiti State for the year ended 31st December, 2018. From the analysis above, the sum of N11,949,154,857.67 was raised as IGR in 2018 compared to N11,901,854,044.31 raised in 2017 representing a year-on-year increase of N47,300,813.36 (or approximately 0.40%). Therefore, the Annual Nominal IGR growth rate for the year was approximately 0.40% This year increase of N47,300,813.36 was the lowest when compared with N1,064,417,745.00, N1,077,460,735.13 and N2,432,741,819.54 recorded in years 2015, 2016 and 2017 respectively. 8|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> The IGR budget performance reduced from 107.06% recorded in year 2017 to 91.32% in the current year while the IGR to Total Revenue further declined from 17.18% in the previous year to 15.58% in 2018. This result, illustrated that the progress made towards the goal of self-sustenance or non reliance on fund from the center had not been too impressive. The average monthly IGR recorded in the year was N524,976,026.28 for the Net IGR and N995,762,904.81 for the total IGR (when IGR of parastatals and Institutions were added). Further analysis showed that performance on IGR heads ranged from far above budget for some heads to as low as 19.91% for other heads. The impressive performance recorded by some revenue heads should be sustained while there should be an improvement in some revenue heads with poor performance as stated in (a) & (b) below: a) Low Performing Revenue Sources: Direct Assessment, Development Levy and Earning & Sales recorded a below average performance of 46.74%, 19.91% and 38.76% respectively. b) Revenue sources performance that fell below last year performance: As revealed by the table, (7) Seven Revenue Heads were in this category with the highest reduction of N343,752,581.12 from Withholding Tax. c) Revenue Sources with no Receipts: Back Duty Assessment, Bank Interest, Pool Betting lotteries, Unserviceable Assets and Legal Fees. d) Direct Assessment which represent Tax Revenue from the Informal Sector had abysmal low performance of 3.41% of the Total Tax Revenue receipts in the year with a reduction of N9,634,935.50 when compared with 2017 figure. PAYE contributed the largest chunk of Total Tax Revenue collected in the year. It had 105.36% budget performance with a contribution of 87.37% to Total Tax Revenue and 66.57% to Net IGR in the year. It was better performance when compared with 76.76% and 53.68% recorded respectively in 2017. Taxing the informal sector presents the hope of generating extra income to shore up the Tax Revenue. The Internal Revenue Service is advised to work conscientiously to bring informal sector into the Tax Net. e) Fine and Fees collected in the year was N1,045,264,627.02 with a budget performance of 53.56%. This was reduction of N343,752,581.12 (or approximately 26.83%) when compared with 2017 figure of N1,281,372,235.17. As usual, the Three (3) MDAs with largest contribution were (i) Lands – N213,352,015.49 (ii) Education (Dev. Levy) N309,353,185.00 and (iii) ETF- N280,828,595.42. It was observed that only thirteen (13) MDAs out of 65 listed in the 2018 Financial Reports had above average performance in revenue generation. 9|P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> The Internal Revenue Service reported revenues collected using the old revenue codes. There is need to change the template for recording of revenue to comply with National Chart of Accounts approved Codes. It was reported in 2017 Auditor-General’s Report that no accrued revenue which remains uncollected at the close of financial year was recognized in the financial statements for the year. The same was observed in the current year. The attention of the Internal Revenue Service is drawn to Sections 06023, 06024, 06025 and 06026 of Financial Administration for strict compliance. The IGR to Personnel Cost, Recurrent Expenditure and Total Expenditure percentages were calculated to be 67.18%, 17.88% and 15.17% respectively in the year. The inference drawn from this was that IGR generated in the year was not sufficient to cover the Personnel Costs, Recurrent Expenditure and Total Expenditure. Therefore, there is the need to pursue an aggressive IGR drive in the State. 2.9 RECOMMENDATIONS i) Enumeration of tax payers in the informal sector across the State with the ultimate aim of building a robust data base with the clear vision of increasing the State Revenue generation capacity. Data is the basis of any revenue collecting efforts. ii) To encourage the informal sector, a Tax Day may be introduced where best tax payers from the sector are recognized and given awards. iii) Massive awareness campaign to sensitize the public on their tax obligations toward the State. Bill boards showcasing projects financed with tax money could motivate tax payers to pay more. iv) Building the capacity of staff, investing in relevant technology and equipment. v) Need to develop incentives for the revenue generating agencies to ensure that there is an alignment of interest. vi) To improve on Tax Revenue from PAYE, all institutions and organizations in the State should be made to deduct correct taxes from their employees based on circular from Joint Tax Board. vii) Reviewing tax rates that are obsolete. viii) Improving Ease of paying taxes: Easier methods of paying taxes should be introduced like paying through phone or just like buying airtime. 10 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> A further analysis of the IGR showed that there were sources from which revenue was received without projections. The sources are listed below: S/N REVENUE SOURCES BUDGETED ACTUAL AMOUNT RECEIPT N N 1 Community Development levy - 79,337,887.67 2 Tax Audit - 79,582,914.86 TOTAL - 158,920,802.53 SOURCE: Financial Reports of the Accountant-General, Ekiti-State for the year ended 31st December, 2018. The recommendations in the previous Auditor-General’s Reports that the revenue sources should be captured by subsequent budgets were not implemented by the Ministry of Budget and Economic Planning. MDAs observing new sources of revenue should endeavour to approach the Ministry of Budget for codes as appropriate. Defaulting MDAs should be penalized. It is imperative that all MDAs should always ensure that all Revenue sources are exhaustively identified and captured when preparing the budget. 11 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 2.10 PIE CHART ANALYSIS OF 2018 TOTAL REVENUE BUDGET 0.37% 12.66% Revenue from Federal Government IGR 16.27% Foreign Loan 70.70% Internal Loan The pie chart above depicts the revenue profile of the State for the current fiscal year. From the chart, 13.03% of the total revenue was realised through loan (12.66% External and 0.37% Internal). This reduced by 5.02% from 18.05% recorded in the preceding year. The Internally Generated Revenue (Including Sundry Receipts) contribution to the total revenue in the year was 16.27% as against 18.93% in 2017 translating to 2.66% decrease. Revenue from the Federation Account rose remarkably to 70.70% from 63.02%, 51% and 47.37% recorded in 2017, 2016 and 2015 respectively. By this, it sustained its streak of increase since 2015. However, 2018 result as depicted by the chart clearly showed that whatever efforts the State had made to reduce her reliance on the revenue from the centre had not yielded significant result. Therefore, there is the need to re – strategise to shore up the revenue from within the State. 2.11 RECOMMENDATIONS: (i) Economic Master Plan: The State needs a long term plan that would be actualised through short term plans. This must contain a comprehensive economic strategy with stated goals and clearly defined targets to achieve these plans. The plan should be held sacrosanct by successive Governments, as this is imperative for rapid economic development. 12 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> (ii) Revenues realised during the period of improved crude oil prices should be tactfully invested to lay solid foundation for economic growth and development in the State rather than frittered away on bogus and white elephant projects which contribute nothing to the economic development of the State. (iii) There is a need for a programme to drive massive agricultural revolution which would increase the revenue generated by the State, create employment opportunities and provide raw materials for industrial development in the State. The State should make efforts to revive and modernize the production of Igbemo rice. (iv) There is a need for public – private sectors collaboration to drive sustainable development and growth in the State. Policies that will encourage a robust environment for increased private sector investment should be initiated. (v) The Government should showcase the economic potentials of the State to the whole world by organising Economic Summit to attract both private and foreign investors to the State. 3.00 THE EXPENDITURE PROFILE FOR 2018 EXPENDITURE ESTIMATE 2018 ACTUAL 2018 PERFORMANCE ₦ ₦ % Recurrent Expenditure 74,803,953,943.02 66,827,485,978.50 89.34 Capital Expenditure 33,734,118,870.41 11,966,138,376.61 35.47 TOTAL 108,538,072,813.43 78,793,624,355.11 72.60 SOURCE: Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. From the above analysis, the total expenditure proposed in the budget year was N108,538,072,813.43 as against N93,091,856,034.41 projected for the year 2017 thus resulting to a significant increase of N15,446,216,779.02 or 16.60% above the previous year’s budget. The actual amount of N78,793,624,355.11 was expended in the year thereby leaving an annual deficit of N29,744,448,458.32 or 27.40% of the projected amount. The expenditure out-turn when calculated against the initial budget of N98,611,545,040.22 was 20.10% The expenditure budget for the year would appear over-ambitious with a variance of 27.40%. 3.1 RECURRENT EXPENDITURE The recurrent expenditure projected for the year was N74,803,953,943.02 representing 68.92% of aggregate expenditure budget which showed an increase of N11,077,118,777.78 or 17.38% over the 2016 figure of N63,726,835,165.24. The actual recurrent expenditure incurred in the year was N66,827,485,978.50 representing 89.34% of the budgeted figure. The actual Recurrent expenditure 13 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> was observed to be 87.11% of actual total revenue and 100.16% of actual recurrent revenue for the year under reference which translated to an excess actual recurrent expenditure over actual recurrent receipts of N108,430,222.32. Although, an excess Recurrent revenue over recurrent expenditure of N10,613,496,464.82 was anticipated which was expected to be transferred to Capital Development Fund in the year. However, this could not be achieved due to unimpressive performance of Recurrent revenue and expenditure which was a consequence of unrealistic revenue projections made in the budget. This obviously would affect the quantum of fund available for capital expenditure which was the required investment needed for sustainable growth and development of the State. The details of recurrent expenditure are given below: S/N DETAILS OF EXPENDITURE APPROVED BUDGET ACTUAL VARIANCE/ PERFORMANCE EXPENDITURE EXCESS N N N % 1 Personnel cost 23,976,752,191.80 17,787,575,735.50 6,189,176,456.30 74.19 2 Social Benefits 6,150,048,060.09 7,493,094,654.36 (1,343,046,594.27) 121.84 3 Overhead Cost 3,608,742,881.90 2,520,605,780.40 1,088,137,101.50 69.85 4 Transfer to Other Funds 12,186,459,903.49 12,242,456,448.72 (55,996,545.23) 100.46 5 Grants to Parastatals 16,859,086,947.43 14,308,928,927.27 2,550,158,020.16 84.87 6 Public Debt Charges and Repayment of Loans 12,022,863,958.40 12,420,355,482.25 (397,491,523.85) 103.31 7 Expenditure Financed by Aids and Grants - 54,468,950.00 (54,468,950.00) - 8 Transfer to other Government Entities - - - - TOTAL 74,803,953,943.11 66,827,485,978.50 7,976,467,964.61 89.34 SOURCE: - Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. 14 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 3.2 ACTUAL RECURRENT EXPENDITURE COMPARISON BETWEEN 2017 AND 2018. S/N DETAILS OF EXPENDITURE ACTUAL 2017 ACTUAL 2018 DIFFERENCE % N N N DIFFERENCE 1 Personnel Cost 18,543,396,667.74 17,787,575,735.50 (755,820,932.24) (4.08) 2 Social Benefits 6,258,211,906.92 7,493,094,654.36 1,234,882,749.44 19.73 3 Overhead Cost 2,324,706,322.61 2,520,605,780.40 195,899,457.79 8.43 4 Transfer to other funds 7,106,107,722.90 12,242,456,448.72 5,136,348,725.82 72.28 5 Grants to Parastatals 14,330,750,804.76 14,308,928,927.27 (21,821,877.49) (0.15) 6 Public Debt Charges 7,088,980,295.39 5,132,032,984.49 (1,956,947,310.90) (27.6) 7 Repayment of Loans:Foreign 608,306,460.88 423,196,344.28 (185,110,116.60) (30.43) Local Bank 678,685,220.96 1,518,796,315.34 840,111,094.38 123.79 Bond 3,572,924,695.31 4,804,267,272.12 1,231,342,576.81 34.46 FGN Bond 233,041,265.67 270,049,872.21 37,008,606.54 15.88 Bailout 199,797,708.59 272,012,693.81 72,214,985.22 36.14 8 Expenditure Financed by Aids and Grants 75,676,283.55 54,468,950.00 (21,207,333.55) (28.02) TOTAL 61,020,585,355.28 66,827,485,978.50 5,806,900,623.22 9.52 SOURCE:- Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. From the analysis above, the actual Recurrent Expenditure for the year 2018 increased by N5,806,900,623.22 representing 9.52% over corresponding period of 2017 which had an actual recurrent expenditure of N61,020,585,355.28. It was observed that Transfer to other Funds recorded the highest increase of N5,136,348,725.82 (or approximately 72.28%) in the year. Two expenditure items which were responsible for the greater portion of the increase are: (i) Contingency from GAD, Protocol – N2,190,538,931.57 15 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> (ii) Recurrent expenditure of projects sponsored by the World Bank – N2,115,757,237.14. Of this amount, the sum of N1,570,730,284.04 was incurred by 3rd National Urban Water Sector Reform Project as Recurrent Expenditure. Some of the expenditure items recorded increase ranging from 8.43% to 123.79% while others recorded decrease ranging from 0.15% to 30.43%. 3.3.0 SECTORAL PERFORMANCE: The over-all indices of the recurrent expenditure can best be demonstrated with the use of sectoral analysis to show the effective and efficient implementation of the year’s budget. 3.3.1 SECTORAL ANALYSIS OF RECURRENT EXPENDITURE (OVERHEAD COST) S/N SECTOR BUDGET ACTUAL PERFORMANCE N N % 1 Administrative Sector 2,765,574,135.75 2,066,692,164.86 74.73 2 Economic Sector 618,068,788.94 349,871,866.13 56.61 3 Law and Justice Sector 27,718,836.24 8,200,500.00 29.58 4 Regional Sector 2,041,014.11 990,000.00 48.51 5 Social Sector 195,340,106.86 94,851,249.41 48.56 TOTAL 3,608,742,881.90 2,520,605,780.40 69.85 SOURCE: - Financial Reports of the Accountant-General, Ekiti-State for the year ended 31st December, 2018. From the above sectoral analysis of overhead costs, only Administrative and Economic sectors had above average performance of 74.73% and 56.61% respectively while other sectors had below average performance. The Social Sector with the sole aim of providing basic needs to the people which consist of critical components like Education, Health and Environment recorded N94,851,249.41 as expenditures representing 48.56% of budget performance as against N2,066,692,164.86 or 74.73% budget performance recorded by Administrative Sector in the year. It was observed that out of the 2018 actual overhead expenditure of N2,520,605,780.40 the sum of N1,067,450,000.00 representing 42.35% was incurred by the Government House and Protocol while the remaining 178 MDAs as listed in the Accounts shared the balance of N1,453,155,780.40. 16 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> It is pertinent to note that all the sectors are crucial for efficient service delivery and for attainment of Social, Economic and Political goals specified in the budget. Therefore, they should be well funded. Despite the fact that the aggregate expenditure on the sectors increased from N2,324,706,322.61 in year 2017 to N2,520,605,780.40 in the current year, there was a slight decrease of 7.77% in the overall percentage performance in the year under review. It was 77.62% in the last year but reduced to 69.85%, implying that the overhead budget was over-ambitious. 3.4 CAPITAL EXPENDITURE BUDGET 2018 ACTUAL 2018 PERFORMANCE N N % Capital Expenditure 33,734,118,870.41 11,966,138,376.61 35.47 TOTAL 33,734,118,870.41 11,966,138,376.61 35.47 SOURCE: Financial Reports of the Accountant-General, Ekiti-State for the year ended 31st December, 2018. The total capital expenditure appropriated for 2018 was N33,734,118,870.41 representing 31.08% of the aggregate budgeted expenditure which showed an increase of N4,369,098,001.41 or 14.88% over the 2017 appropriation of N29,365,020,869.00 The actual capital expenditure for the year was N11,966,138,376.61 representing 35.47% of the budgeted figure,15.60% of total actual revenue and 15.19% of actual aggregate expenditure for the year. From this result, the Capital Expenditure to Recurrent Expenditure ratio in 2018 was approximately 15 : 85 or 1 : 5.67. The level of capital expenditure budget performance was far below average and it was lower than 45.47% achieved in the preceding year. This should be discouraged as this quantum of capital expenditure could not drive the sustainable development and growth yearned for in the State. 17 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 3.4.1 CAPITAL EXPENDITURE PERFORMANCE ON SECTORAL BASIS FOR 2018. S/N SECTOR BUDGET ACTUAL PERFORMANCE N N % 1 ADMINISTRATIVE SECTOR 3,704,418,345.01 702,532,362.81 18.96 Administration 2 ECONOMIC SECTOR 21,532,053,741.57 8,348,137,947.10 38.77 Agriculture, Emergency, Infrastructure, Lands and Housing 3 LAW AND JUSTICE SECTOR 461,865,229.22 - - Law and Justice Sector 4 REGIONAL SECTOR - - - Regional Sector 5 SOCIAL SECTOR 8,035,781,554.61 2,915,468,066.70 36.28 Education, Health, Information and Environments. TOTAL 33,734,118,870.41 11,966,138,376.61 35.47 SOURCE:- Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. It was observed by Audit that some of the capital expenditures incurred were not correctly classified into the appropriate sectors. As shown in the notes to the accounts, contracts for construction of New High Court Complex amounting to N713,538,015.00 was recorded under the Economic Sector while zero was recorded for Law and Justice Sector where the expenditure belonged to . In the same vein, the sum of N178,065,998.59 expended on construction of Speaker’s residence was regarded as Ministry of Works Project and thus recorded under Economic Sector instead of Administrative Sector to which House of Assembly belonged. Therefore, sectoral performance of the capital expenditure as contained in the 2018 accounts would appear misleading. This same error was pointed out in the 2017 Auditor-General’s report but no step was taken to correct the anomaly. 18 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> Accounting information must be correctly presented to avoid misleading the users of GPFS from taking wrong decisions. However, as shown in the above table none of the sectors had above average performance while the overall performance of capital expenditure of 35.47% reduced significantly when compared with 45.47% achieved in 2016. 3.5 OBSERVATIONS ON FUND DISTRIBUTION TO MINISTRIES, DEPARTMENTS AND AGENCIES: Audit scrutiny during the year under reference revealed that both capital and recurrent expenditure were not distributed as planned in the budget. Some Ministries, Departments and Agencies were starved of fund to execute some of the laudable programmes included in the year’s budget and therefore could not contribute efficiently and effectively towards the growth and development of the State. However, some were able to access over and above their budgetary provisions. 3.5.1 MDAS WITH ABYSMALLY LOW EXPENDITURE PROFILE (a) OVERHEAD COST S/N HEAD MINISTRY/DEPARTMENT/AGENCY BUDGET ACTUAL BUDGET PERFORMANCE 2018 2018 VARIANCE % N N N 1 459-500 EKITI STATE STOMACH INFRASTRUCTURE AGENCY 5,669,483.62 800,000.00 4,869,483.62 14.11 2 459-1100 EKITI STATE LIASON OFFICE AKURE 3,000,000.00 240,000.00 2,760,000.00 8.00 3 459-1900 MUSILIM PILGRIM WELFARE BOARD 2,000,000.00 440,000.00 1,560,000.00 22.00 4 459-1800 CHRISTIAN PILGRIM WELFARE BOARD 2,000,000.00 400,000.00 1,600,000.00 20.00 5 459-2400 STAFF DEVELOPMENT CENTRE (ESTABS) 6,000,000.00 1,000,000.00 5,000,000.00 16.67 6 459-5601 HUMAN CAPITAL DEVELOPMENT 2,000,000.00 500,000.00 1,500,000.00 25.00 7 451-0200 DIRECTORATE OF FARM SETTLEMENT AND PEASANT FARMER 2,834,741.81 600,000.00 2,234,741.81 21.17 DEVELOPMENT 8 451-0600 FADAMA PROJECT 2,000,000.00 450,000.00 1,550,000.00 22.50 9 459-5900 STATE COMMITEE ON FOOD AND NUTRITION (UNICEF ASSISTED) 5,653,802.88 550,000.00 5,103,802.88 9.73 10 458-0800 FORESTRY DEPARTMENT 2,000,000.00 320,000.00 1,680,000.00 16.00 19 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 11 459-3101 MULTILATERAL DEPARTMENT 4,500,000.00 440,000.00 4,060,000.00 9.78 12 459-4200 PETROLEUM PRODUCTS CONSUMER PROTECTION UNIT 2,000,000.00 275,000.00 1,725,000.00 13.75 13 458-3500 STATE GOVERNANCE AND CAPACITY BUIDING 2,500,000.00 600,000.00 1,900,000.00 24.00 14 458-0500 OFFICE OF SURVEYOR-GENERAL OF THE STATE 3,000,000.00 600,000.00 2,400,000.00 20.00 15 459-3112 BUDGET TRACKING AND AUTOMATION 6,000,000.00 550,000.00 5,450,000.00 9.17 16 459-3103 DEVELOPMENT PLANNING AND STRATEGY COMMITTEE (MB AND EP) 2,500,000.00 309,375.00 2,190,625.00 12.38 17 459-3102 ECONOMIC DEVELOPMENT COUNCIL (MB AND EP) 6,000,000.00 825,000.00 5,175,000.00 13.75 18 454-0900 RURAL WATER SUPPLY SANITATION AGENCY 3,000,000.00 660,000.00 2,340,000.00 22.00 19 454-0601 MONITORING OF GOVERNMENT HOUSE PREMISES/TOWN ELECT 3,000,000.00 550,000.00 2,450,000.00 18.33 20 459-4300 UTILITY SERVICE DEPARTMENT 6,000,000.00 1,100,000.00 4,900,000,00 18.33 21 459-3114 DEVELOPMENT PARTNERS AND AIDS COORDINATION (MBEP) 3,000,000.00 550,000.00 2,450.000.00 18.33 22 459-3110 YOUTH EMPLOYMENT AND SOCIAL SUPPORT OPERATION (YESSO) 5,000,000.00 825,000.00 4,175,000.00 16.50 23 457-0700 WOMEN DEVELOPMENT CENTRE, IGEDE-EKITI (WOMEN AFFAIRS) 566,948.36 74,250.00 492,698.36 13.10 24 455-0500 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 1,700,000.00 400,000.00 1,300,000.00 23.53 25 455-0300 STATE SCHOLASHIP BOARD 3,401,690.17 440,000.00 2,961,690.17 12.93 26 456-0100 MINISTRY OF HEALTH 9,000,000.00 2,000,000.00 7,000,000.00 22.22 27 456-0103 SHIC (MINISTRY OF HEALTH) 2,000,000.00 500,000.00 1,500.000.00 25.00 28 456-0104 MAINTENANCE OF HEALTH DATA BANK 2,000,000.00 500,000.00 1,500,000.00 25.00 29 457-0607 GOVT. PUPILS IN CHILDREN HOME NUR/PRY SCHOOL 3,000,000.00 600,000.00 2,400,000.00 20.00 30 455-0701 TEACHING SERVICE COMMISSION LOANS BOARD 2,000,000.00 500,000.00 1,500,000.00 25.00 31 455-0401 SUBEB STAFF HOUSING LOANS BOARD 2,000,000.00 500,000.00 1,500,000.00 25.00 32 459-4401 SERVE-EK STEERING COMMITTEE 510,253.53 110,000.00 400,253.53 21.56 33 459-0103 PUBLIC COMPLAINT COMMISSION 2,000,000.00 500,000.00 1,500,000.00 25.00 20 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 34 459-0415 GOVERNMENT ASSET UNIT 2,500,000.00 600,000.00 1,900,000.00 24.00 (b) TRANSFER TO OTHER FUNDS S/N HEAD MINISTRY/DEPARTMENT/AGENCY BUDGET ACTUAL BUDGET PERFORMANCE VARIANCE 2018 2018 % N N N N 1 459-2100 HOUSE OF ASSEMBLY 221,775,662.59 23,000,078.00 198,775,584.59 10.37 2 459-2800 STATE AUDITOR-GENERAL’S OFFICE 20,000,000.00 2,462,500.00 17,537,500.00 12.31 3 459-2900 STATE AUDITOR-GENERAL FOR LOCAL GOVERNMENT 5,000,000.00 340,000.00 4,660,000.00 6.80 4 455-0500 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 60,000,000.00 9,123,750.00 50,876,250.00 15.21 5 457-0500 SPORT COUNCIL 19,691,050.50 3,000,000.00 16,691,050.50 15.24 (c) CAPITAL RELEASES TO MINISTRIES/DEPARTMENTS/AGENCIES S/N HEAD MINISTRY/DEPARTMENT/AGENCY BUDGET ACTUAL BUDGET PERFORMANCE 2018 2018 VARIANCE % N N N 1 459-0400 GOVERNOR’S OFFICE (GAD) 1,254,500,000.00 166,172,940.36 1,088,327,059.64 13.25 2 459-0700 BUREAU OF PUBLIC PROCUREMENT (BPP) 11,000,000.00 2,000,000.00 9,000,000.00 18.18 3 459-4100 STATE INDEPENDENT ELECTORAL COMMISSION 200,000,000.00 46,000,000.00 154,000,000.00 23.00 4 458-0500 OFFICE OF SURVEYOR-GENERAL OF THE STATE 50,000,000.00 1,500,000.00 48,500,000.00 3.00 5 459-3100 MINISTRY OF BUDGET AND ECONOMIC PLANNING 2,602,875,087.73 105,984,818.80 2,496,890,268.39 4.07 6 454-0800 EKITI STATE WATER CORPORATION 500,000,000.00 2,000,000.00 498,000,000.00 0.40 7 459-4300 UTILITY SERVICE DEPARTMENT 52,000,000.00 6,670,425.00 45,329,575.00 12.83 21 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 8 455-0400 STATE UNIVERSAL BASIC EDUCATION BOARD 1,880,600,000.00 68,035,667.12 1,812,564,332.88 3.62 9 456-0100 MINISTRY OF HEALTH 513,000,000.00 1000,000.00 512,000,000.00 0.19 10 456-0400 PRIMARY HEALTH CARE DEVELOPMENT AGENCY 170,000,000.00 12,196,570.00 175,803,430.00 7.17 11 456-0300 EKITI STATE UNIVERSITY TEACHING HOSPITAL 160,853,934.24 14,605,857.50 146,248,076.74 9.08 12 458-0900 STATE ENVIROMENTAL PROJECTION AGENCY 500,000,000.00 59,403,907.68 440,596,092.32 11.88 13 459-1300 MINISTRY FOR LOCAL GOVERNMENT AND CHIEFTANCY AFFAIRS-STATE 50,000,000.00 12,103,000.00 37,897,000.00 24.21 3.5.2 MDAS WITH BUDGETARY PROVISION WITHOUT ANY RELEASE THROUGHOUT THE YEAR (a) OVERHEAD COST S/N HEAD MINISTRY/DEPARTMENT/AGENCY BUDGET ACTUAL BUDGET PERFORMANCE 2018 2018 VARIANCE % N N N 1 459-1606 OFFICE OF THE SPECIAL ADVISER,GOVERNOR’S OFFICE (GH&P) 2,535,586.89 - 2,535,586.89 - 2 459-0410 OFFICE OF PRIVATE SECRETARY TO GOVERNOR’S OFFICE (GH&P) 1,020,507.05 - 1,020,507.05 - 3 459-5901 BOUNDARY TECHNICAL COMMITTEE (D-GOV) 5,669,483.62 - 5,669,483.62 - 4 459-2600 EKITI STATE PENSION COMMISSION (ACTUARIAL VALUATION) 50,000,000.00 - 50,000,000.00 - 5 459-1614 MAINTENANCE OF GOVERNOR’S LODGE 3,061,521.15 - 3,061,521.15 - 6 457-0300 GOVERNMENT PRINTING PRESS 1,500,000.00 - 1,500,000.00 - (b) TRANSFER TO OTHER FUNDS 22 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> S/N HEAD MINISTRY/DEPARTMENT/ BUDGET ACTUAL BUDGET PERFORMANCE 2018 2018 VARIANCE AGENCY % N N N 1 459-2200 HOUSE OF ASSEMBLY SERVICE COMMISSION 20,669,483.62 - 20,669,483.62 - 2 457-0100 MINISTRY OF INFORMATION, SOCIAL DEVELOPMENT SPORTS 20,441,502.49 - 20,441,502.49 - AND CULTURE 3 459-1800 CHRISTIAN PILGRIMS BOARD 20,000,000.00 - 20,000,000.00 - 4 459-1900 MUSILIM PILGRIM BOARD 20,000,000.00 - 20,000,000.00 - 5 459-4500 OFFICE OF PUBLIC DEFENDER 10,000,000.00 - 10,000,000.00 - 6 459-3900 BUREAU OF TOURISM, ART AND CULTURE 5,000,000.00 - 5,000,000.00 - 7 454-0200 JOB CREATION AND EMPLOYMENT AGENCY 5,669,483.62 - 5,669,483.62 - 8 459-3200 BUREAU OF STATISTICS 10,000,000.00 - 10,000,000.00 - 9 455-0600 AGENCY FOR ADULT AND NON-FORMAL EDUCATION 35,169,483.62 - 35,169,483.62 - 10 455-0400 SUBEB 32,000,000.00 - 32,000,000.00 - (c) CAPITAL RELEASES TO MINISTRIES/DEPARTMENTS/AGENCIES S/N HEAD MINISTRY/DEPARTMENT/ BUDGET ACTUAL BUDGET PERFORMANCE 2018 2018 VARIANCE AGENCY % N N N 1 459-1500 OFFICE OF THE DEPUTY GOVERNOR 30,000,000.00 - 30,000,000.00 - 2 459-5400 EKITI STATE BOUNDARY COMMISSION 5,000,000.00 - 5,000,000.00 - 3 458-1200 STATE EMERGENCY MANAGEMENT AGENCY [SEMA] 15,000,000.00 - 15,000,000.00 - 4 459-0500 OFFICE OF THE SECRETARY TO THE STATE GOVERNMENT (SSG) 5,000,000.00 - 5,000,000.00 - 23 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 5 459-1200 POLITICAL AND INTER-PARTY AFFAIRS[P&E] 10,000,000.00 - 10,000,000.00 - 6 459-1000 EKITI STATE LIAISON OFFICE- ABUJA 50,000,000.00 - 50,000,000.00 - 7 459-4500 BUREAU OF TRANSFORMATION AND STRATEGY 3,000,000.00 - 3,000,000.00 - 8 459-2600 EKITI STATE PENSION COMMISSION / BOARD 100,000,000.00 - 100,000,000.00 - 9 459-2901 PENSION TRANSITIONAL ARRANGEMENT DEPARTMENT 43,000,000.00 - 43,000,000.00 - 10 459-1900 MUSLIM PILGRIM WELFARE BOARD 2,500,000.00 - 2,500,000.00 - 11 459-1800 CHRISTIAN PILGRIM WELFARE BOARD 5,000,000.00 - 5,000,000.00 - 12 459-3000 CABINET DEPARTMENT GOVERNOR’S OFFICE 315,000,000.00 - 315,000,000.00 - 13 459-2000 INTEGRATION AND INTER GOVERMENTAL AFFAIRS 10,000,000.00 - 10,000,000.00 - 14 459-2100 HOUSE OF ASSEMBLY 70,000,000.00 - 70,000,000.00 - 15 457-2200 HOUSE OF ASSEMBLY SERVICE COMMISSION 55,000,000.00 - 55,000,000.00 - 16 457-0100 MINISTRY OF INFORMATION,YOUTH AND SPORTS DEVELOPMENT 252,099,595.01 - 252,099,595.01 - 17 457-0200 BROADCASTING SERVICE OF EKITI STATE 143,318,750.00 - 143,318,750.00 - 18 459-0600 OFFICE OF THE HEAD OF SERVICE 5,000,000.00 - 5,000,000.00 - 19 459-2300 OFFICE OF ESTABLISHMENT AND TRAINING 300,000,000.00 - 300,000,000.00 - 20 459-2800 STATE AUDITOR-GENERAL OFFICE 18,000,000.00 - 18,000,000.00 - 21 459-2900 OFFICE OF AUDITOR-GENERAL FOR LOCAL GOVERNMENT 15,000,000.00 - 15,000,000.00 - 22 459-3900 CIVIL SERVICE COMMISSION 15,000,000.00 - 15,000,000.00 - 23 451-0100 MINISTRY OF AGRICULTURAL AND RURAL DEVELOPMENT 453,837,816.87 - 453,837,816.87 - 24 451-0500 AGRICULTURAL DEVELOPMENT PROJECT 102,471,605.50 - 102,471,605.50 - 25 451-0200 DIRECTORATE OF FARM SELTLEMENT AND PEASANT FARMER 109,327,877.45 - 109,327,877.45 - DEVELOPMENT 26 455-0200 SCHOOL AGRICULTURE AND ENTERPRISE 21,000,000.00 - 21,000,000.00 - 27 458-0800 INTERNAL REVENUE SERVICE 55,000,000.00 - 55,000,000.00 - 24 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 28 451-0600 FADAMA PROJECT 40,680,140.00 - 40,680,140.00 - 29 458-0800 FORESTRY DEPARTMENT 5,000,000.00 - 5,000,000.00 - 30 451-0300 FOUNTAIN AGRIC MARKETING AGENCY 13,983,798.27 - 13,983,798.27 - 31 453-0400 MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT 200,000,000.00 - 200,000,000.00 - 32 459-5200 CENTRAL INTERNAL AUDIT OFFICE 6,000,000.00 - 6,000,000.00 - 33 452-0100 MINISTRY OF COMMERCE,INDUSTRIES AND COOPERATIVE 319,084,851.63 - 319,084,851.63 - 34 453-0700 EKITI STATE ENTERPRISES DEVELOPMENT AGENCY 16,526,307.05 - 16,526,307.05 - 35 454-0300 MULTI PURPOSE CREDIT AGENCY 16,526,307.99 - 16,526,307.99 - 36 454-0200 JOB CREATION AND EMPLOYMENT AGENCY 2,643,309.98 - 2,643,309.98 - 37 454-0700 BUREAU OF INFORMATION,COMMUNICATION AND TECHNOLOGY (ITC) 140,000,000.00 - 140,000,000.00 - 38 459-1100 EKITI STATE TRAFFIC MANAGEMENT AGENCY 5,000,000.00 - 5,000,000.00 - 39 452-0300 EKITI STATE MINERAL RESOURCES DEVELOPMENT AGENCY 109,327,877.45 - 109,327,877.45 - 40 453-0100 BUREAU OF TOURISM, ARTS AND CULTURE 76,262,719.49 - 76,262,719.49 - 41 459-3200 BUREAU OF STATISTICS 50,000,000.00 - 50,000,000.00 - 42 459-3400 SUSTAINABLE DEVELOPMENT GOALS (SDG) OFFICE 1,200,000,000.00 - 1,200,000,000.00 - 43 459-4000 FISCAL RESPONSIBILITY COMMISSION 2,000,000.00 - 2,000,000.00 - 44 454-0900 RURAL WATER SUPPLY AND SANITATION AGENCY 25,000,000.00 - 25,000,000.00 - 45 458-0200 STATE HOUSING CORPORATION 159,000,000.00 - 159,000,000.00 - 46 458-0600 URBAN RENEWAL AGENCY (CAPITAL URBAN DEVELOPMENT 25,000,000.00 - 25,000,000.00 - AUTHORITY) 47 454-0500 MINISTRY OF PUBLIC UTILITIES 100,000,000.00 - 100,000,000.00 - 48 459-0200 THE JUDICIARY 169,000,000.00 - 169,000,000.00 - 49 459-3000 JUDICIARY SERVICE COMMISSION 22,000,000.00 - 22,000,000.00 - 50 459-0100 MINISTRY OF JUSTICE 65,865,229.22 - 65,865,229.22 - 25 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 51 459-5700 OFFICE OF PUBLIC DEFENDER 27,000,000.00 - 27,000,000.00 - 52 455-0800 EKITI STATE LIBRARY BOARD 17,350,000.00 - 17,350,000.00 - 53 455-1200 COLLEGE OF EDUCATION IKERE-EKITI 60,000,000.00 - 60,000,000.00 - 54 455-1000 EKITI STATE UNIVERSITY 260,000,000.00 - 260,000,000.00 - 55 455-0700 STATE TEACHING SERVICE COMMISSION 24,000,000.00 - 24,000,000.00 - 56 455-0600 AGENCY FOR ADULT AND NON-FORMAL EDUCATION 41,000,000.00 - 41,000,000.00 - 57 455-0300 STATE SCHOLASHIP BOARD 3,200,000.00 - 3,200,000.00 - 58 456-0600 HOSPITAL MANAGEMENT BOARD 208,000,000.00 - 208,000,000.00 - 59 456-0200 COLLEGE OF HEALTH TECHNOLOGY 85,000,000.00 - 85,000,000.00 - 60 456-0500 CENTRAL MEDICAL STORE 70,000,000.00 - 70,000,000.00 - 61 458-0700 MINISTRY OF ENVIRONMENT 5,000,000.00 - 5,000,000.00 - 62 458-1000 EKITI STATE WASTE MANAGEMENT BOARD 50,000,000.00 - 50,000,000.00 - 63 457-0500 EKITI STATE SPORT COUNCIL 6,572,500.00 - 6,572,500.00 - 64 459-1400 CHIEFTANCY AFFAIRS 10,000,000.00 - 10,000,000.00 - The table above revealed that most MDAS could not access their budgetary provisions during the period under review. While the sum of N6,087,315,737.97 was projected as expenditure for the MDAS, no fund was released to them throughout the year. MDAS with budgetary provisions of N8,381,632,655.43 could only access N554,908,139.46 (or approximately 6.62%) leaving a difference of N7,826,724,515.97 which could not be accessed. Financial resources should be released according to approved plans, as irregular, incomplete and even non-release of fund stifles the capacity of the affected MDAS to achieve set goals and objectives in the budget. However, this is only realisable if Government moves away from unrealistic fiscal projections. In the current fiscal year, it was observed that out of the sum of N453,837,816.87 projected as capital expenditure for Ministry of Agriculture and Rural Development, nothing was released to it translating to 0% budget performance. The result made mockery of any Agricultural policy the Government professed to have pursued in the year. 26 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> Audit is of the opinion that in face of unstable crude oil prices and failing economy, Agricultural Sector holds prospect for immense growth of the economy and employment generation in the State. Therefore, it should be recognised as one area of focus for more investments and innovations so that the sector could be repositioned as an alternative to crude oil. 3.6 EXCESS EXPENDITURE TO MDAS (a) PERSONNEL COSTS HEAD MINISTRY/DEPARTMENT APPROVED ACTUAL VARIANCE ESTIMATES EXPENDITURE 2018 2018 2018 N N N POLITICAL AND ECONOMIC AFFAIRS 459-5100 43,048,788.35 54,863,577.60 (11,814,789.25) DEPARTMENT (b) SOCIAL BENEFITS HEAD MINISTRY/DEPARTMENT/ APPROVED ACTUAL VARIANCE PARASTATALS ESTIMATES EXPENDITURE 2018 2018(ACCRUAL) 2018 N N N 434-002 GRATUITY 1,000,000,000.00 2,765,021,112.11 (1,765,021,112.11) (c) OVERHEAD COSTS 27 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> HEAD MINISTRY/DEPARTMENT/ APPROVED ACTUAL VARIANCE PARASTATALS ESTIMATES EXPENDITURE 2018 2018 2018 N N N 457-0200 BROADCASTING SERVICE OF EKITI 3,000,000.00 40,588,842.94 (37,588,842.94) STATE (d) SUBVENTIONS/GRANTS TO TERTIARY INSTITUTIONS /PARASTATALS HEAD MINISTRY/DEPARTMENT/ APPROVED ACTUAL VARIANCE PARASTATALS ESTIMATES EXPENDITURE 2018 2018 2018 N N N 455-1000 Ekiti State University 7,191,125,264.12 7,306,212,296.00 (115,087,031.88) 3.7 EXCESS PERSONNEL COST: It was observed that only one Department - Political and Economic Affairs Department had an excess personnel cost amounting to N11,814,789.25 in the current year. This was a drastic reduction when compared to N737,271,294.88 recorded in 2017 by 20 MDAS. However, necessary approval for the above expenditure had not been made available to this office contrary to the provisions of section 120 (2) of the Constitution of Federal Republic of Nigeria 1999 (as amended). 3.8 EXCESS SOCIAL BENEFITS: The sum of N1,765,021,112.11 was observed to be excess gratuity in the year under review. This was as a result of moving from IPSAS cash to IPSAS Accrual accounting basis where the whole Gratuity payable for the year was taken as expenditure. The attention of Budget Officers is hereby drawn to this new concept. Enough Budget estimates should be made for this kind of expenditure in preparation of subsequent budgets. 28 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 3.9 EXCESS OVERHEAD COST: The excess overhead cost of N37,588,842.94 was discovered to be the retained IGR of a parastatal (BSES) recorded in the accounts but which was not captured in the overhead estimates of the parastatal. This error was pointed out in 2017 Auditor-General’s Report but no concrete step was taken to correct the anomaly. 3.10 EXCESS GRANTS TO TERTIARY INSTITUTIONS AND PARASTATALS Excess grants to Ekiti State University in the year amounted to N115,087,031.88. This was observed to have reduced remarkably from N1,467,730,158.88 recorded in the preceding year. However, the excess grants recorded in the year showed inefficiencies of officers responsible for vote watch and vote charge balances which should be a pre-requisite for generating release warrants. 3.11 CONTROL OF EXPENDITURE: Expenditure control was observed to have improved in the current year as excess expenditure in MDAS and Parastatals reduced considerably from N2,455,804,133.98 recorded in 2017 to N164,490,663.87 in 2018. As an important element of budget execution and Financial resources management, serious attention should be given to expenditure control in the State by the concerned officers. 4.0 REVIEW OF FINANCIAL STATEMENTS: 4.1 STATEMENT OF FINANCIAL PERFORMANCE: The Statement of Financial Performance published for the period ended 31st December, 2018 showed a net surplus balance of N4,338,149,568.44 as against a net deficit balance of N2,526,401,431.49 recorded in 2017. The summary of the statement is shown below: 29 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 2018 2017 N N Total Revenue generated for the year 66,719,055,756.21 56,791,187,976.54 Total Operating Expenses (55,970,158,587.38) (48,948,306,901.13) Surplus from operating activities 10,748,897,168.83 7,842,881,075.41 Total Non-Operating Expenses: (6,410,747,600.39) (10,369,282,506.90) 4,338,149,568.44 (2,526,401,431.49) SOURCE: Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. From the above, there was an improvement in both the revenue generated from operating activities and operating expenses incurred in the year compared with last year figures. Despite my advice in 2017 Auditor-General’s Report that classification of expenditure should strictly comply with NCOA, it was observed in the current year that capital expenditure amounting to N1,278,714,615.90 (included in non-operating expenses) was expensed from the statement of Financial Performance in the year because it was expended on items which fall outside the categories of assets recognised by IPSAS. The Budget Officers should note this for correction in subsequent years. It was equally observed that Revenue in the statement of performance was not classified as Revenue from Exchange Transactions and Non-Exchange Transactions in line with IPSAS 9 and IPSAS 33 respectively. Adjustment should be made in 2019 financial statements which happens to be the last transitional year within which models for transiting to IPSAS accrual should be developed. 4.2 STATEMENT OF FINANCIAL POSITION: 4.2.1 ASSETS: 4.2.2 CURRENT ASSETS: 4.2.3 LIQUID ASSETS: (CASH AND CASH EQUIVALENT) 30 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> These are balances on cash, bank and call (Fixed Deposit) accounts. The number of current bank accounts maintained by the State rose from 76 in year 2017 to 78 in the year under review. The total balance of N11,951,237,961.91 recorded for the year included reconciled cash book balances of MDAS and IGR collection Accounts Balances as at 31st December, 2018 with the details shown below: CASH AND CASH EQUIVALENTS: 2018 2017 N N Treasury Cash Balances 5,403,430,784.61 11,237,130,202.65 Cash Held by MDA’S 6,091,084,838.41 146,938,487.33 IGR Collection Accounts Balances 456,722,338.89 -____ TOTAL 11,951,237,961.91 11,384,068,689.98 SOURCE: Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. From the above analysis, there was an increase of N567,169,271.93 in the current year figure when compared with previous year’s figure. No call account (Fixed Deposit) balance was observed at the end of the current financial year. However, it was observed by Audit that 3 months VAT inflows of 24/7/18, 1/8/18 and 28/9/18 were unilaterally fixed for few days by Access Bank without any approval from the State Government. The sum of N1,725,405.00 generated as interest from the transaction was not recognised in the accounts by the Accountant-General’s Office. The Accountant-General’s Office is hereby advised to be more alive to its treasury management responsibilities by ensuring that all idle cash are properly invested. 4.2.4 RECEIVABLES The total receivables as at 31st December, 2018 was N4,039,203,795.48. This was an increase of N11,792,418.01 when compared with N4,027,411,377.47 in the previous year. The increase of N11,792,418.01 had been treated as surplus in the statement of Changes in Net Asset/Equity. It was discovered by Audit that refunds made by civil servants on Wema shares loan were recognised as Revenue in year 2017 and 2018. However, such wrong entry in 2018 accounts had been reversed and correct entry made in the receivables. Adjustment should be made for 2017 figure in 2019 accounts to reveal the correct balance of Wema shares loans. 4.2.5 NON – CURRENT ASSETS: 31 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 4.2.6 BOND SINKING FUND: The Bond Sinking Fund account balance as at 31st December, 2018 was N1,596,112,000.00 which translated to a reduction of N965,316,000.00 (or approximately 37.69%) when compared with 2017 balance of N2,561,428,000.00. In the current year, the State Government completed the payment of N20 Billion (first tranche) Bond taken in the year 2011. The outstanding balance which is due to the State Government from Bond sinking fund account as at 31st December, 2018 after the payment was N1,254,432,000.00 as shown below: DETAILS INFLOWS: FIRST TRANCHE (N) SECOND TRANCHE (N) TOTAL (N) Receipt from State Government 33,364,533,000.00 6,113,327,000.00 39,477,860,000.00 Investment Income 1,122,628,000.00 123,064,000.00 1,245,692,000.00 TOTAL INFLOW: 34,487,161,000.00 6,236,391,000.00 40,723,552,000.00 OUTFLOW: Principal Repayment 20,000,001,000.00 - 20,000,001,000.00 Payment to Bond Holders 12,498,258,000.00 5,803,261,000.00 18,301,519,000.00 Consultants Fees 450,558,000.00 10,436,000.00 460,994,000.00 Registrars Fees 16,807,000.00 - 16,807,000.00 Management Fees 120,097,000.00 15,296,000.00 135,393,000.00 Trusteeship Fees 147,000,000.00 65,627,000.00 212,627,000.00 Reimbursable Fees - - - Bank Charges and Courier 8,000.00 91,000.00 99,000.00 TOTAL OUTFLOW 33,232,729,000.00 5,894,711,000.00 39,127,440,000.00 BALANCE 1,254,432,000.00 341,680,000.00 1,596,112,000.00 Source: Financial Reports of the Accountant –General, Ekiti State for the year ended 31st December, 2018. 4.2.7 FIXED ASSETS (PROPERTY, PLANT AND EQUIPMENT) 32 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> The total cost of Fixed Assets (PPE) as at 31st December, 2018 was N19,183,354,071.65 with the details shown below: N Balance as at 1st January, 2018 3,370,560,581.09 Assets procured and recognised in 2018 10,687,423,760.71 2017 WIP transferred to fixed Assets schedule in 2018 5,125,369,729.85 Total cost of Fixed Assets as at 31/12/18 19,183,354,071.65 The Net Book Value of Assets as at 31st December, 2018 was N17,310,868,787.86 after Accumulated Depreciation of N1,872,485,283.79 was charged on the assets. The cost of Fixed Assets (PPE) classified as Work-In-Progress as at 31st December, 2018 was N1,577,074,209.00. This represented cost of various on-going projects in the State. No depreciation was provided on these assets. The State Government has only a year left after this 2nd transitional Financial Statements to document, value and recognise all its assets in the financial statements. It is pertinent to note that the relief period applied in adopting IPSAS accrual basis is not expected to be longer than 3 years as provided for in IPSAS 33. Audit had not sighted the register of Government holdings of Fixed Assets maintained in line with the requirements of IPSAS Accrual which is expected to include information on their historical cost, usage and age. The Agency in-charge of Government Assets should make this available for verifications. 4.2.8 LIABILITIES: 4.2.9 CURRENT LIABILITIES: The total recognised current liabilities of the State Government as at 31st December, 2018 was N24,317,230,789.73 as against N23,645,370,959.75 posted in 2017 translating to an increase of N671,859,829.98 (or approximately 2.84%). The details of the recognised current liabilities are shown overleaf: 2018 2017 33 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> N N N N Unremitted deductions 1,767,651,852.18 1,265,750,692.07 (Salaries) Unremitted Taxes (FIRS) 143,278,818.21 - Payables: Salaries and Wages 4,104,952,070.05 5,818,925,332.85 Pension 1,206,843,078.92 1,519,119,649.40 10% contribution to CPS 78,901,417.12 64,505,487.36 Gratuities 12,967,804,712.10 18,358,501,278.19 10,434,373,386.08 17,836,932,855.69 Accrued Expenses: - - Overhead - 94,850,519.38 Transfer to other charges - 113,597,650.00 Grants/Subventions 4,047,798,841.15 4,047,798,841.15 4,334,248,241.98 4,542,696,411.36 TOTAL 24,317,230,789.73 23,645,370,959.75 SOURCE: Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. It is disheartening to note that no concerted efforts were made by the Office of Accountant-General to gather documents and recognise the outstanding liabilities of the State Government knowing full well that the step is key to full adoption of IPSAS Accrual. Outstanding Current Liabilities reported by Audit in 2017 Auditor-General’s Report such as Furniture Allowance, Outstanding debts of law firms and others not mentioned like Severance Allowance were not recognised in 2018 Financial Statements contrary to the advice given in the report. As it was observed in the last year’s Auditor-General’s Report, no ledgers had been opened for these liabilities in the Office of Accountant-General as at 31st December, 2018. Also, schedules supporting some of the outstanding liabilities had not been made available to Audit for verification. 34 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 4.2.10 RECOMMENDATIONS: (i) All Outstanding current liabilities of the Government must be collated, documented and recognised in the 2019 Financial Statements. (ii) Ledgers should be maintained for all the liabilities: salaries, pensions and other expenses due but not paid at the end of the month should be recognised and posted to the relevant ledgers immediately. (iii) The practice where MDAS were asked to submit soft copies of their salaries when they were to be paid should be discouraged. A date should be fixed for the submission of salary vouchers (soft copies) which will give allowance for processing before the end of the month. The unpaid processed salaries and allowances at the end of the month should be recognised immediately and posted to Salary Payable account in the General Ledgers. (iv) Contractual obligations should always be disclosed as a note to the accounts while jobs done and certified by the appropriate authorities but not yet paid for should be recognised and posted to the relevant ledgers. (v) The retentions fees on contracts should be recognised as liabilities and disclosed in the financial statements. 4.2.11 NON-CURRENT LIABILITIES: The total Non-Current Liabilities (Long Term Borrowings) of the State Government as at 31st December, 2018 was N88,101,923,330.15 against N87,706,136,329.86 recorded in year 2017 which represented a slight increase of N395,787,000.29 (or approximately 0.46%). The detail is as follows: 2018 2017 N N Foreign Loan 30,034,529,853.59 20,748,175,056.79 Domestic Loan 58,067,393,476.56 66,957,961,273.07 88,101,923,330.15 87,706,136,329.86 4.2.12 DOMESTIC LOAN: In the current year, the total Internal Loan procured by the State was N287,500,000.00 as against N8,495,000,000.00 obtained in 2017. It was observed by Audit that the proceeds of the loan which was obtained by Forsterfield Limited on behalf of the State Government was not applied as approved. The loan obtained to initiate and complete major identified infrastructural projects such as modern market at Oja Oba and Irona to enable the State realise massive economic potentials was diverted to construction of Ministry of Finance building. During the same period the sum of N11,504,425,721.71 was paid on Internal loans as follows: 35 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> S/N NAME OF LOAN PRINCIPAL INTEREST TOTAL PAYMENT REPAYMENT PAYMENT N N N 1 FGN Bonds 270,049,872.21 2,707,793,949.15 2,977,843,821.36 2 Bailout 272,012,693.81 764,740,617.28 1,036,753,311.09 3 Bond Proceeds 4,804,267,272.12 - 4,804,267,272.12 4 SKYE (SCOA) - - - 5 Access Excess Crude Account 306,486,315.34 1,132,918,539.60 1,439,764,854.94 6 Budget Support Fund - - - 7 UBEC 2012/2015 700,000,000.00 - 700,000,000.00 8 NUWSRP-3 164,450,000.00 - 164,450,000.00 9 FOSTERFIELD 287,500,000.00 33,846,462.20 321,346,462.20 10 SJLGA 60,000,000.00 - 60,000,000.00 TOTAL 6,865,126,153.48 4,639,299,568.23 11,504,425,721.71 SOURCE: Financial Reports of the Accountant-General, Ekiti State for the year ended 31st December, 2018. The State was yet to commence repayment on Budget support facilities with a cumulative total of N16,869,000,000.00 as at 31st December, 2018. It was observed that the sum of N359,890,382.36 being deductions for 4 months on Access (ECA) Loan was made as future repayment in the year by Access Bank. Approval letter authorising the deduction was not presented to Audit. 4.2.13 FOREIGN LOAN 36 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> The Foreign Loan drawn down of the State Government in the current year was N9,709,551,141.08 as against N4,008,926,117.57 recorded in the previous year. The largest loan drawn down of N6,120,000,000.00 (or approximately 63.03% was received for 3rdNational Urban Water Sector Reform Project . In the same period, the sum of N614,719,692.21 repayment was made on Foreign Loan out of which N423,196,344.28 was principal repayment while the balance of N191,523,347.93 was Interest on Loan. The closing balance of foreign loan as at 31st December, 2018 was $106,211,598.23, when converted at official rate of N305/$ amounted to N32,394,537,460.15. However, the closing balance recognised in the year was N30,034,529,853.59. The difference of N2,360,007,606.56 being exchange difference had not been recognised in 2018 financial statements. The adjustment should be made in 2019 accounts being the last transitional year to migrate to full IPSAS accrual. It was observed that the cumulative drawn downs of the following World Bank assisted projects were yet to be recognised in the financial statements for the current year. This issue was also raised in 2016, and 2017 Auditor-General’s Reports. S/N NAME 1 Youth Employment Social Support Orientation 2 Public Sector Governance Reform Development Project. The World Bank Assisted Projects draw down should be recognised in 2019 financial statements. The total Loan repayment (Internal & External) made in the current year was N12,119,145,413.92 . To guarantee Public Debt Sustainability, there is need to bring each State debt to 50% threshold in line with DMO guidelines which stated that the debt status of each State should not exceed 50% of Statutory Revenue in the preceding 12 months. Audit observed that as at 31st December, 2018 the Debt to Income percentage of the State was 146% of statutory revenue. Other Debt Ratios are: (i) Ratio of Capital Expenditure to Debt Service in the current year was 0.98 : 1 (ii) Ratio of Service Payment to Total Revenue was 15 : 100 From the above calculations, the threshold would appear to have been exceeded. With low Revenue base, Debt Service will become a herculean task. 5.0 SUBMISSION OF APPROPRIATION ACCOUNTS BY MINISTRIES, DEPARTMENTS AND AGENCIES 37 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> The number of MDAS that rendered their appropriation Accounts increased from (Forty Eight) 48 in 2017 to Fifty Seven (57) in the current year. It was observed that all the MDAS with an exception of two (2) met the requirement of the Law by submitting their accounts before the due date of 31st March, 2019. It was an improvement over the previous years’ compliance of the MDAS The attention of the Accounting Officers of MDAS are hereby drawn to the provisions of sections 35 (4) of Audit Law (No 11) of 2014 for strict compliance. They should also note that Non-submission and late submission of the Appropriation Accounts is an infraction of the Financial Regulations. The Table below shows the analysis of the rendition of appropriation accounts for the year under review. 5.1 SUBMISSION OF YEAR 2018 ANNUAL APPROPRIATION ACCOUNT. S/NO MDA’S DATE 1 Bureau of Public Procurement 8-01-19 2 Government House and Protocol Department 10-01-19 3 Office of Establishment & Training (Staff Housing Loans Board) 11-01-19 4 Ekiti State Waste Management Board 11-01-19 5 Ekiti State Boundary Commission 14-01-19 6 Ekiti State Library Board 15-01-19 7 Directorate of Farm Settlement and Peasant Farmers Development Ministry of Agriculture and Rural 15-01-19 Development 8 Ekiti State Housing of Assembly Service Commission 16-01-19 9 General Administration Department 17-01-19 10 Ministry of Health 18-01-19 11 Ekiti State Internal Revenue Service 18-01-19 12 Ekiti Enterprise and Economic Development Agency 22-01-19 38 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 13 Ministry of Environment 22-01-19 14 Job Creation & Employment Agency (JCEA) 23-01-19 15 Primary Health care Development Agency 23-01-19 16 Bureau of Information Technology 24-01-19 17 Ekiti State House of Assembly 25-01-19 18 Ministry of Public Utilities 28-01-19 19 Office of the Surveyor General 29-01-19 20 Christian Welfare Board 29-01-19 21 Ekiti State Independent Electoral Commission 29-01-19 22 Bureau of Transformation, Service Delivery Strategy 30-01-19 23 Office of the Deputy Governor 30-01-19 24 Office of the Public Defender 30-01-19 25 Office of the State Auditor –General For Local Government 30-01-19 26 Office of the Accountant General 30-01-19 27 Central Internal Audit Office 31-01-19 28 EkitiState Housing Corporation 1-02-19 29 Civil Service Commission 1-02-19 30 Ekiti State Multipurpose Credit Agency 1-02-19 31 Hospitals Management Board 1-02-19 32 Ministry Of Education 1-02-19 39 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 33 Ministry of Justice 4-02-19 34 State Bureau Of Statistics 5-02-19 35 Ministry Of Agriculture And Rural Development 7-02-19 36 Ekiti State Agricultural Development Programme 7-02-19 37 Sustainable Development Goals Office 8-02-19 38 Ministry Of Works And Transportation 8-02-19 39 Urban Renewal Agency 12-02-19 40 Ekiti State Scholarship Board 12-02-19 41 Bureau Of Chieftaincy Affairs 12-02-19 42 Agency For Adult And Non-formal Education 12-02-19 43 Office Of Establishment And Training 12-02-19 44 Ministry Of Finance And Economic Development 12-02-19 45 Ekiti State Aids Control Agency 13-02-19 46 Cabinet And Special Service Department 13-02-19 47 Ekiti State Trust Fund 13-02-19 48 Ekiti State Muslim Pilgrims Welfare Board 13-02-19 49 Ministry Of Budget And Economic Planning 13-02-19 50 Ekiti State Health Insurance Scheme 18-02-19 51 Ministry Of Local Government, Community Development And Chieftaincy Affairs 18-02-19 52 Office Of Executive Governor Political And Economic Affairs Department 18-02-19 40 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 53 Ministry Of Commerce, Industries And Cooperatives 19-02-19 54 Bureau of Tourism 12-02-19 55 Ministry Of Land 6-02-19 56 Ekiti State Water Corporation 2-04-19 57 Board For Technical and Vocational Education 2-04-19 5.2 OBSERVATIONS ON APPROPRIATION ACCOUNTS SUBMITTED BY MDAS (1) The appropriation accounts submitted by the MDAS were prepared with old Revenue and Expenditure codes which were different from the codes in IPSAS Compliant budget. (2) It was observed that there were variances between the appropriation figures submitted by MDAS to this office and figures in the DVEA books kept by the Accountant-General’s Office 5.3 RECOMMENDATIONS: (1) The Ministry of Budget and Economic Planning should make available to MDAS in the State IPSAS compliant budget template for the use of the MDAS in compilation and submission of their Appropriation Accounts. (2) The DFAS of MDAS should not only be informed of their roles and responsibilities under IPSAS accrual accounting but they should be well trained to discharge these roles and responsibilities effectively. 6.0 STATE OF THE ACCOUNTS: 41 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 6.1 ADOPTION OF IPSAS ACCRUAL BASIS OF ACCOUNTING: Ekiti State Government initiated accrual basis IPSAS on 1st January, 2017 and elected to adopt transitional exemptions in IPSAS 33 that allows it to apply deemed cost and a transitional period of up to three years. The 2018 financial statements were the second transitional accrual IPSAS financial statements of the State. The implication of the above is that the State has committed itself to full adoption of IPSAS accrual basis by 31st December, 2019. Within the transitions relief period, the State is expected to develop models for transiting to IPSAS accrual fully. However, it would appear that adequate preparations were not made for the full adoption as Audit observed the following among others: (1) ANALYTICAL CASH BOOKS: Analytical cash books were introduced for use in the current year by the Accountant-General’s Office to record financial transactions of Government. However, the revenue and expenditure were not classified appropriately in the cash books thereby defeating the purpose for which they were introduced. (2) NON-USE OF LEDGERS: General Ledgers were not maintained both for revenue and expenditure items. Therefore, tracing of totals of each revenue and expenditure items to financial statements were difficult. (3) NON-RECOGNITION OF LIABILITIES AS AT WHEN DUE: Expenses are supposed to be reported on an accrual basis i.e recognised in the period they are incurred or when related services are enjoyed and not at the point of preparation of Financial Statements as observed. (4) NON-PARTICIPATORY ROLES OF MDAS: This was observed as the MDAS still prepared their accounts (especially appropriation accounts) on cash basis whereas IPSAS accrual basis had been adopted. Financial records available in MDAS were still kept using old revenue and expenditure codes and classification. 6.1.1 RECOMMENDATIONS: (i) One of the pre-conditions for a successful move to IPSAS accrual accounting is a double-entry based general ledger system. This is the only Accounting system that can drive the National Chart of Accounts. The Office of Accountant-General is invited to take note of this. Effect from 1st January, 2019 General Ledgers must be put to use by the Office. (ii) The Director of Finance and Accounts of MDAS and Parastatals should be properly briefed and well trained to drive the implementation of IPSAS accrual basis of accounting in their respective MDAS. 6.2 BUDGET PREPARATION UNDER IPSAS ACCRUAL BASIS: 42 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> In the current year, the Ministry of Budget and Economic Planning converted the Budget prepared with old template (which contained old classification and codes of revenue and expenditure) to IPSAS Compliant budget. It was observed that in the process of conversion, some Revenue items that were classified as Capital Receipt were now moved to Revenue Receipt thereby leading to rearrangement of revenue items in the Budget in a way that was different from what was originally approved. This should be discouraged and Budget prepared with IPSAS compliant template. 6.2.1 RECOMMENDATIONS: (i) Government should procure a new software for preparation of IPSAS compliant Budget. (ii) Government should ensure full completion and activation of SIFMIS as it is the only way to involve all participants of the Financial Statements. (iii) The case of SIFMIS project claimed to have been completed but which was not functioning should be urgently revisited. The contractor should be recalled to do the needful to make the system functional. 6.3 MISCLASSIFICATION OF EXPENDITURE: The fallout of using the old budget template was misclassification of expenditure. With the adoption of IPSAS accrual basis, capital expenditure has ceased to exist. However, in the year under review, capital expenditure amounting to N1,278,714,605.90 which could not meet IPSAS requirement for PPE was expensed in the year. 6.3.1 RECOMMENDATION: The Ministry of Budget, Economic Planning and Service Delivery should employ the new budget template based on National Chart of Accounts for the preparation of 2019 and subsequent years’ budgets. 6.4 RECOGNITION OF ASSETS: With the adoption of IPSAS accrual basis of accounting effective 1st January, 2017 and having taken advantage of 3 years transitional relief in line with IPSAS 33 the State has up to 31st December, 2019 to recognise all her existing assets in the books of accounts. 43 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 6.4.1 RECOMMENDATION: In order not to reverse all the gains made by the adoption of IPSAS accrual basis, the State should take urgent steps to identify, document and value all her existing assets so that the value could be brought into the accounts on or before 31st December, 2019. 6.5 TRANSFERS FROM LOCAL GOVERNMENT: The sum of N225,000,000.00 was recorded under this Revenue Head in 2018 accounts being contributions made by the Local Governments for Social Security Scheme in the State through SJLGA. There were no provisions made for this in 2018 Budget Estimates. Audit equally observed that other revenue inflows from the SJLGA to some MDAS were excluded in the Revenue Head in 2018 accounts. The Revenue inflows were part of 1.66% Statutory Allocation to Agencies and Parastatals allocated through SJLGA to Ministry of Local Governments, Office of Accountant-General and Office of Auditor-General for Local Governments which amounted to N101,343,618.08, N22,008,967.57 and N22,008,967.57 respectively in the year under review. Both the revenue and expenditure were neither included in the 2018 Budget Estimates nor shown in the Appropriation Accounts of these MDAs. The failure to properly account for such revenue and expenditure constituted a gross understatement of facts in the Financial Statements. 6.5.1 RECOMMENDATIONS: (i) The Accounting Officers of the affected MDAS should inform the Budget Ministry of these revenues in their MDAS. (ii) The attention of the Budget Officers is hereby drawn to these revenues to accommodate them in the budget estimates during budget preparation or budget review exercise. 6.6 REVENUE COLLECTED, RETAINED AND EXPENDED WITHOUT APPROPRIATION It was observed that some MDAs were allowed to retain part of the revenue collected to meet their expenses. Examples of such MDAs are: (i) HMB 70% of IGR generated by Secondary Health Facilities in the State, (ii) Ministry of Education – Examination fees, (iii) Ministry of Agriculture – Tractor Hiring fee. However, the guideline for accounting of such revenue was not issued by the Ministry of Finance as a result, a chunk of the State IGR and services rendered were not captured in the Consolidated Revenue Fund. The failure to properly account for such revenue and services constituted a gross understatement of facts in the Financial Statements. 6.6.1 RECOMMENDATIONS: 44 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> (i) Proper guideline for accounting of such retained revenue should be issued by the Ministry of Finance. (ii) Ministry of Budget, Economic Planning and Service Delivery should ensure that both retained revenue and expenditure are captured by the Budget Estimates. 6.7 10% STATUTORY ALLOCATION TO LOCAL GOVERNMENT COUNCILS FROM INTERNALLY GENERATED REVENUE. The Local Government Councils in the State are entitled to 10% of all Internally Generated Revenue of the State. In the current year, the Financial Reports of the Accountant-General revealed that the sum of N6,299,712,315.36 was the amount generated as IGR. The ten percent (10%) Statutory Allocation to Local Government Councils from this amount is N629,971,231.54. There was no evidence that this amount had been released to the Local Government Councils in the State. 6.7.1 RECOMMENDATION: Compliance with extant provisions of the law will further enhance growth and development of the Local Government Council areas. 6.8 UNAPPROPRIATED EXPENDITURE: There were no provisions made in the budget estimate for the expenditure made from the following receipts: WORLD BANK PROJECTS: The draw downs on these projects for each year are posted to Capital Costs Head of Expenditure without any provisions made in the budget estimate for such expenditure. 6.8.1 RECOMMENDATIONS: (i) The attention of the Budget Officers is hereby drawn to expenditure of this nature to accommodate them into the budget estimates during budget preparation or budget review exercise. (ii) The Accountants who fail to draw the attention of the concerned Officers to expenditures of this nature should be sanctioned. 6.9 REVENUE GENERATED BUT NOT CAPTURED BY IGR PLATFORM. Despite my repeated comments in the past Auditor-General’s Reports on this issue, the recommendation that all data on State IGR should be submitted to SIRS for record purposes by the Treasury or any other special Agency that collected any revenue in the State on monthly or quarterly basis had not been implemented. Non inclusion of these revenues in the IGR platform of SIRS may fuel the speculation that these revenues were collected and misappropriated. 45 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 6.9.1 RECOMMENDATION: Submission of all data on State IGR to SIRS is germane to declaration of accurate and correct IGR figure for the State. 6.10 OUTSTANDING LOSSES: Outstanding losses which amounted to N107,384,799.20 and reported as Appendix ‘A ’ were yet to be attended to by some of the affected MDAS despite repeated comments on the issue in past reports. The Accounting Officers of the affected MDAS had made no effort to recover the losses. The Public Accounts Committee is urged to take necessary action as recommended in Appendix ‘A’ 6.11 DISPOSAL OF UNSERVICEABLE ITEMS IN THE STATE: My comments in 2016 Auditor-General’s Report on actual number of vehicles and other items disposed at the Ekiti State House of Assembly and the sales proceed which could not be ascertained by the Audit remain unchanged. The complete report of Board of Survey from the Ekiti State House of Assembly had not been submitted to my office as at 31st December, 2018. 6.11.1 RECOMMENDATION: (i) The Director of Administration and Supply (DAS) of Ekiti State House of Assembly should forward a complete report of all items sold by the Board of Survey to the Ekiti State Auditor-General without further delay. 6.12 STATE INVESTMENTS: The management of Government stock had been transferred to Fountain Holdings Limited since year 2011. The State had appointed Stock Managers to manage the Stocks on behalf of the State Government. Details of their activities are with the State Finances Department of the Ministry of Finance. The audited Financial Statements of the Holdings had not been submitted to my office since inception and the stock was not reflected in the State’s Annual Financial Statements. 6.12.1 RECOMMENDATIONS: (i) There is an urgent need to conduct a forensic investigation on the organization since inception. (ii) The Public Accounts Committee of Ekiti State House of Assembly should take a critical look at the case of Fountain Holdings for appropriate action. (iii) The enterprise should be repositioned to become a viable organization that will professionally manage Government investments to generate earnings and harness the economic potentials of the State for revenue enhancement and employment generation. 46 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> (iv) The Management of the Holdings should forward the current position of the stock to the Office of the State Auditor- General for perusal. 6.13 DEFRAYING PUBLIC DEBTS IN EKITI STATE The Accountant-General’s disclosure of Public debt is always found to be deficient yearly. The consequence is that Government’s attention is not drawn to some elements of the debt which may impact on good governance. Outstanding salaries/emoluments disclosed has not been including unpaid furniture allowance. Audit is of the opinion that Government debts in this regard should not be allowed to continue to accumulate, rather a strategy should be put in place to tackle the payment. It is suggested that the furniture allowance should be categorised as follows: (i) Amount owed before the inauguration of this Administration (ii) Furniture allowance falling due since the advent of this Administration. Those falling due now should be paid as they fall due while those owed before this Administration should be settled as the officer retire instead of cumulating all the debts on gratuity. In my opinion, those paid will wish the Government well and used the money to affect Ekiti State economy positively. Also the pressure on gratuity will be reduced as it is easier to pay a few officers monthly than settling the accumulated gratuities later. 6.14 REVIEW OF THE FINANCIAL ADMINISTRATION: There is the need to review the current Financial Administration being used in the State to reflect the newly introduced Accounting standards and establishment of Central Internal Audit. It is observed that copies of the current Financial Administration are no longer available as those who wanted to buy could not get them at Civil Service Commission or at Office of Establishments and Training. 6.14.1 RECOMMENDATION: The present copy of the Financial Administration could be made available on the website of Ekiti State Government for any user to download. 6.15. PAYE TAX DEDUCTIONS: 47 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> It was observed that the State owned Tertiary Institutions have not been deducting Tax from Staff salaries in accordance with Personal Income Tax Act 2011 (PITA). This has led to a situation where Civil Servants who are less paid pay more Tax than workers in the Tertiary Institutions who are better paid. The concomitant effect is a serious shortfall in the taxes collected leading to reduced Internally Generated Revenue. By my estimates, the State stands a chance of collecting over N22 Million from Ekiti State University and over N80 Million from all Tertiary Institutions in the State monthly if PITA is correctly applied. 6.15.1 RECOMMENDATIONS: (i) The Ministry of Finance should issue another letter to supersede the one purportedly issued by the last Administration and which is the basis of the wrong deduction. (ii) PAYE Taxes should be based on PITA (2011) as amended. 6.16 ABANDONED PROJECTS: It is worrisome to note that some projects executed by the past administrations were left abandoned and have become den for hoodlums. Some of the projects are: (i) Oba Adejuyigbe Hospital, Agric Olope, Ado-Ekiti. (ii) Multi-purpose Civic Centre, Fajuyi, Ado-Ekiti. (iii) Office Complex at the State Secretariat, Ado-Ekiti. (iv) Spare parts Market along Federal Polytechnic Road, Ado-Ekiti. (v) Oduduwa Farmer’s Academy, Isan. (vi) Transposer Boosting Stations across the State. Apart from the economic benefits that the completion of these projects will bring to the State if completed, the avoidable cost of variation on the said projects will become a heavy burden in the nearest future, if the projects are left unattended to now. It was noted by Audit that work had already started in some of these projects. Government should intensify efforts to complete the projects. 6.16.1 RECOMMENDATIONS: (i) It is suggested that a given percentage of the State’s Annual Budget should be dedicated to attending to these un- completed projects. (ii) The spare parts Market along Poly road should be allocated on “complete and use basis” 6.17 OUTSTANDING ISSUES IN PREVIOUS AUDITOR-GENERAL’S REPORT 48 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> Many issues raised and recommendations made in the past Auditor-General’s Reports were left unattended to by the concerned MDAs. It must be noted here that the essence of the Auditor-General’s Report is to expose the weaknesses and flaws in the Financial Management System and to recommend ways to strengthening same to ensure transparency and accountability in the management of public finances which is the hallmark of good governance. 6.18 POSITION OF ACCOUNTS IN EDUCATIONAL INSTITUTIONS/PUBLIC SECONDARY SCHOOLS. The accounts of One Hundred and Ninety Four (194) Public Secondary, Technical and Special Schools for the year 2017/2018 had been checked with the necessary corrections made by this Office. Out of One Hundred and Ninety Four (194) public schools in the State, One Hundred and Thirty Eight (138) schools had been audited. Work is in progress on the auditing of Seven (7) schools, while Forty Nine (49) schools were yet to be audited as at the time of writing this report. However, most of the anomalies mentioned in paragraph (2) of the 2008 Auditor-General’s Report still remain. It is equally sad to note that no effort was made to recover the outstanding amount of N11,271,572.70 being loss of fund reported in paragraph a (b) of the 2009 Auditor-General’s Report and included in this Report as Appendix ‘B’ while Appendix ‘C’ contains the current position of the accounts of all Public Secondary Schools in the State. 6.19 TERTIARY INSTITUTIONS The state of the accounts of the Tertiary Institutions in the State is as listed below: S/N INSTITUTION PERIOD 1 Ekiti State University, Ado-Ekiti 31st December, 2016 (WIP) 2 College of Education, Ikere-Ekiti 31st December, 2014 3 College of Health, Science & Technology, Ijero 31st December, 2018 6.20 GOVERNMENT CORPORATIONS AND GOVERNMENT AGENCIES: Despite my repeated comments in previous Auditor-General’s Reports the accounts of the following Corporations /Agencies had not been audited: 1. State Universal Basic Education Board 2. Ekiti State Electricity Board 3. Ekiti State Water Corporation 49 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 4. Fountain Holdings Ltd. 5. Ekiti State Housing Corporation 6. Ekiti State Sports Council The position of Accounts of the various Parastatals is contained in Appendix ‘D’ to this report. 6.21 ISSUES REQUIRING GOVERNMENT ATTENTION IN THE OFFICE OF THE STATE AUDITOR-GENERAL. 6.21.1 AUDIT STAFF TRAINING AND DEVELOPMENT Staff training and development is essential to enhance the productivity of any establishment as employees learn specific knowledge or skills to improve performance. To keep staff abreast of innovations in Accounting and Auditing, Government should train more staff especially in the area of ICT, Forensic Audit, IPSAS Accrual, Risk based Auditing, Taxation, Project Monitoring and overseas training organised by INTOSAI to update their knowledge. I wish to acknowledge here that the Office is now deriving benefits from the training provided for few members of staff. The trained staffs are adding value to the Office. 6.21.2 FINANCE: The Office of the State Auditor-General was not adequately funded in the year under review and this had affected the capacity of the Office to discharge its duties efficiently. There is no doubting the fact that Audit stands as the interface between the Government and the Public. Audit is the only constitutionally established body that gives credibility to the Finances of the Government before the Public. Therefore, such an Office should be adequately funded for efficiency and effectiveness. My Office should be funded in equal monthly instalments once budget is approved by the House of Assembly as stated in the State Audit Law section 41(3) to guarantee some level of financial independence and as practiced by other States. 6.21.3 AUDIT LAW Good governance has its bedrock in accountability and independent audit institutions. Though, the Office of the Auditors – General in Nigeria are granted independence by the provisions of sections 85 and 125 of the 1999 Constitution as amended, much still has to be done in giving effect to the spirit of the Constitution. The State Government took the right step towards the passage of Audit Bill into Law in 2014. Whatever expedient reviews that have to be carried out on the Law to allow for its full implementation should be speedily concluded. Without the full implementation of the Audit Law, the Auditor-General lacks the desired practical independence. 50 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 6.21.4 ACCOMODATION: The present Headquarter Office can only accommodate the Directors and the Deputies. There is the need to provide accommodation for the remaining staff for convenience and efficiency. 6.21.5 STAFF DISPOSITION: The staff strength of the Office remained grossly inadequate. It shall therefore be appreciated if existing vacant positions are filled by the State Government to enhance efficiency and effectiveness. 6.21.6 OFFICIAL CARS: Presently, the Auditor-General has no Official vehicle despite the fact that sometimes he has to attend meetings, conferences and seminars outside the State in furtherance of the performance of his official duties. Also, the Directors have no official cars. Official cars should be provided for the Auditor-General and the Directors for efficiency and effectiveness. Daniel A. Kayode (FCNA,FCFIP,ACTI) FRC/2014/ANAN/00000010277 Auditor-General, Ekiti-State. APPENDIX ‘A’ DETAILS OF LOSS OF FUND AS AT 31ST DECEMBER, 2018. 51 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> MINISTR/AGENCY Ref NO AMOUNT INVOLVED AMOUNT OUTSTANDING NAMES OF REMARKS RECOVERED BALANCE OFFICER N N N INVOLVED MINISTRY OF JUSTICE EK/GJS/2/1 103,942.00 - 103,942.00 Mr.FemiOmotayo No recovery MINISTRY OF JUSTICE EK/GL/MJS/1/5 214,927.61 - 214,927.61 Mr.FemiOmotayo No recovery EKITI SPEB EK/GL/ESTAB/1/3 41,000.00 - 41,000.00 Mr.E.O.Alo No recovery BULK PURCHASE VENTURES EK/GL/BPV/1/3 660,950.00 - 660,950,00 Mr. P.O. Orimolade No recovery BULK PURCHASE VENTURES EK/ GL/BPV/2/4 98,970.00 - 98,970.00 Mr M.A Alade No recovery OFFICE OF MILITRY ADMINISTRATION EK/ GL /GKP/1/29 210,980.00 - 210,980.00 Mr.O.OOluyede No recovery MINISTRY OF WORKS AND TRANSPORT EK/ GL/SHLB /1 1,529,267.03 - 1,529,267.03 Mr.O.Ooluyede No recovery MINISTRY OF EDUCATION EK/GL/MED/1/97 250,000.00 - 250,000.00 Mr. C. O Afolayan Under correspondence B.S.E.S EK/ GL /BSES/1/2003 46,176.00 - 46,176.00 Mr OluAkerele Under correspondence B.S.E.S EK/ GL /BSES/5/2003 615,000.00 - 615,000.00 Messer Martins Full Recovery Ayoola and Others B.S.E.S EK/ GL /BSES/6/3002 521,000.00 - 521,000.00 Mr Abiodun Ola Ofe No recovery C.U.D.A EK/GL/CUDA/1/3 8,096,217.96 - 8,096,217.96 Messer I.A Ilori and No recovery Others C.U.D.A EK/GL/CUDA/14/4 5,201,642.08 - 5,201,642.08 Mrs Falodun And Mr No recovery Akinyemi MIN.OF EDUCATION EK/GL/MED/2 1,041,730.00 - 1,041,730.00 Mr.Kboluwade No recovery ACC. GEN. OFFICE EK/GMD/AG/6/84 2,767,901.00 - 2,755,901.00 Mr P. Adeniyi Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 449,500.33 191,756.00 257,744.33 Mr. J.O Ajayi Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 723,942.66 150,000.00 573,942.66 Mr. J.O Olofin Not fully 52 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 284,366.89 32,000.00 252,366.89 Mr. J.O Ogunmiloye Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 361,965.51 12,000.00 349,965.51 Mr. J.A Morakinyo Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 1,105,000.00 - 1,105,000.00 Mr. P Omotoso Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 608,052.00 100,000.00 508,052.00 Mr E.T Olaiya Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 55,000.00 20,000.00 35,000.00 Mr S.A. Ojo Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 1,211,756.41 400,000.00 811,756.41 Mr.Omoloje Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 50,000.00 42,000.00 8,000.00 Mr. E. Abiodun Not fully recovered ACC. GEN. OFFICE EK/GMD/AG/6/84 76,000.00 60,000.00 16,000.00 Mr. N.A Adegbaje Not fully recovered B.I.R EK/GL/BIR/2006 3,417,567.72 996,000.00 2,421,509.72 Mr. S.O. Abe Not fully recovered GAD EK/GLS/GAD/02/2007 10,000,000.00 - 10,000,000.00 Pastor F.I Akinluyi No recovery GAD EK/GLS/GAD/03/2007 47,550,000.00 - 47,550,000.00 Pastor F.I Akinluyi No recovery EKROMA EK/GL/EKROMA/1/2006 4,700,000.00 - 4,700,000.00 Mr.TayoOke No recovery SEPA AQ/SEPA/02/1/18 15,600,000.00 - 15,600,000.00 Mr. Agana O.S (PM) No Recovery TOTAL 107,591,555.20 206,756.00 107,384,799.20 APPENDIX ‘B’ OVERLOADING OF SALARY PAYMENT VOUCHERS OF PUBLIC SECONDARY SCHOOLS IN EKITI STATE 53 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> S/NO NAME OF SCHOOL PERIOD OF LOSS AMOUNT TOTAL AMOUNT PRINCIPAL’S BURSAR’S REMARK INVOLVED RECOVERY OUT-STANDING NAME NAME N N N 1 Osi Jnr. H/S, Osi-Ekiti Nov.-Dec.,2006 94,000.00 - - Mr. F.A. Ogunnike Mr.Abolarin 2 Elo Jnr. H/S, AiyetoroEkiti Apr.-Jun.,2008 90,000.00 90,000.00 - Mr.Adeosun Mr. B. E. Oye Ojo-Ugbole Jnr. H/S, 3 June,2008 42,174.58 - 42,174.58 Mr.C.A. Ajiniran Miss Isiaka S. B. IgboleEkiti 4 Orin Jnr. H/S, Orin Ekiti Apr.-Jun., 2008 78,700.68 - - Mr.J.K. Adeleye Mr.Abolarin O. 5 Arinjale Com. Jnr H/S, IseEkiti May-Jun.,2008 64,960.00 64,960.00 - - Mr.O.J.Ojo 6 Obada Jnr. H/S, IseEkiti Jan., 2008 40,999.99 - 40,999.99 - Mr. S. K. Oni United Comp. Snr. H/S, Apr.,2006- Mr. Y. A. 7 1,755,017.13 - 1,755,017.13 Mr.S.S. Alarde IseEkiti Jun.,2008 Adegbola United Comp. Jnr. H/S, 8 Jul.2007-Jun.,2008 731,907.07 - 731,907.07 Mr.M.A.Abegunde Mr.C. Owonifari IseEkiti 9 Ise Comp. Snr. H/S, IseEkiti Apr.2006-Jul.,2008 1,247,932.45 - 1,247,932.45 Mr. S. Olowolafe Mr.S. Ekundayo 10 OgbeseSnr. H/S, IseEkiti Dec.2006-Jun.2008 3,029,276.47 - 3,029,276.47 Mr. O. Faturoti Mr.M. A. Afuye Mr. E.M 11 Ise Comp. Jnr. H/S Mar. 2008 27,759.61 - 27,759.61 Mr E.O.Ojo Asubiojo Akinluse Com. Snr. H/S, 12 Feb. – Mar. 2008 136,486.69 96,000.00 40,486.69 Mr.B.O. Alabi Mr.Anjorin IseEkiti 13 Comm. Snr. OrunEkiti May 2008 20,000.00 20,000.00 - Mr.Oyebanji Mr. S.M Faaji Comm. Ser. H/S, Rec. 14 July 2006 81,724.16 82,210.00 (484.84) Mr. M.A Onurin Mr.Owolabi AyegbajuEkiti 31/11/06 Itaji Comm. Snr. Girl/S, 15 Apr. – Jun. 2008 300,464.08 300,000.00 464.08 Mr.Ogunleye Mr.Odeyemi ItajiEkiti 16 St. Augustine Com. OyeEkiti April 2008 46,264.26 46,264.26 Mr. A.T. Ogunruku D.O. Fashiku 54 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 17 Unity Jnr. H/S, OgotunEkiti Nov. 2006 23,989.24 24,000.00 (11.00) Mr Ayeni Mr.Ayeni Rec. 25 Omoeleye Jnr. H/S, 18 Jun. 2008 201,000.00 202,000.00 (1,000.00) Mr. G.A. Jegede Mr.Akinluya Rec IgbaraOdoEkiti 19 IlaweSnr. H/S, IlaweEkiti May 2008 59,029.78 50,000.00 9,029.78 Mr. F.B. Babalola Mr.Ogunleye Mar.2006- Mar. Mr 20 Mary Hill Boys H/S, Ado Ekiti 112,773.91 112,773.91 - 2008 R.O.Fajenbola Mr.Olatunji&Mr.Ol 21 Ikere Jnr. H/S, IkereEkiti Jul-Dec. 2007 302,080.68 101,700.00 200,380.68 Amos Kolawole ajide A.C. Comp. Jnr. H/S, Mrs. F.W. 22 Mar – Jun. 2008 482,896.89 255,140.00 227,756.89 Mr H.F Balogun IkereEkiti (I) Anifowose A.C Comp. Jnr. H/S IkereEkiti Apr. 2006 – Feb. Mrs. F.W. 23 822,451.02 - 822,451.02 Mr H.F Balogun (II) 2008 Anifowose Emure Model Jnr. H/S, Mrs. W.O. 24 Mar. – May 2008 178,663..50 150,000.00 28,663.50 - EmureEkiti Arinde 25 EporoSnr. H/S, EporoEkiti May 2008 43,510.00 60,000.00 (16,490.00) - Mr. E.A Oyewole 26 IjalokeSnr. H/S, EmureEkiti Feb. 2008 20,290.00 20,000.00 290.00 - Mr.Ogundare St Michael’s Cath. Jnr. G/S, 27 Feb – May 2008 239,996.52 - 239,996.52 Mr.T.T. Oladeji EfonEkiti 28 EfonSnr. H/S, EfonEkiti Feb-May 2008 275,880.98 275,000.00 (111.02) Mr.Adeniyi Mr.O. Adesola 2006 L/B & Feb. Mr.D.O. 29 Iloro Com. Jnr. H/S, IloroEkiti 37,004.44 - 37,004.44 Mr F.F. Ojo 2008 Adeosun Ekamefa Com. Snr. H/S, Ape 30 June, 2008 60,748.38 61,000.00 (251.62) Mr. S.A Ogunleye Mr.J.O. Faola AraEkiti Odoowa Com. H/S, 31 May – June 2008 199,007.17 - 199,007.17 Mr. J.O. Kolawole Mr.I.OAfplabi OdoowaEkiti Mr.J.O. 32 Ipoti Jnr. H/S, IpotiEkiti May - June 2008 129,952.22 - 129,952.22 Chf. J.A.Ajiteru Adeogun 33 IpotiSnr. H/S, IpotiEkiti June 2008 76,314.55 - 76,314.55 Mr. W.B. Ojo Mr.L.OAgunbiad 55 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> e Ijanmodu Comp. H/S, Mrs.O.AAkinyed 34 Jan. 2007 25,017.02 - 25,017.02 Mr.Oguntimehin e IjanEkiti Aisegba Com. Jnr. H/S, May 2007 – Mar. 35 1,140,074.18 189,000.00 951,074.18 Mr.Aruleba Mr.F. Asepari AisegbaEkiti 2008 Mr.A. 36 Ileowuro Jnr H/S AgbadoEkiti Jul. 2006 80,484.74 - 80,484.74 Mr. J.O. Agbebami Adaramodu Ayeteju Com. Jnr. H/S, 37 Feb. – Jul. 2007 226,678.64 - 226,678.64 - - IroEkiti 38 Edu Jnr. H/S, ErioEkiti May 2008 50,000.00 - 50,000.00 Mr.Onipede Mrs.Omotola Mr.W.O. 39 Edu Jnr. H/S, ErioEkiti May 2008 18,317.39 20,000.00 (1,682.61) Rev. E.A. Ige Fagbamila 40 Aramoko Jnr. H/S, Aramoko May 2008 50.000 - 50.000 ? ? OloketuyiMem. Jnr. H/S, 41 Sept. 2006 16,286.71 - 16,286.71 Mrs. Awe Mrs.R.SOjo IgbemoEkiti Jun. 2007 – Mar. 42 Egirioke Jnr. H/S, IyinEkiti 312,260.67 - 312,260.67 Elder Fadore AdemiluaOjo 2008 43 Eyemote Jnr H/S, IyinEkiti May, 2008 44,112.36 - 44,112.36 Mrs.Adewale Mrs.Aluko Chf. 44 Iworoko CHS, IworokoEkiti Mar. 2008 71,916.34 - 71,916.34 Mrs.Aguda Bamigboye 45 Ekiti Bapt. Jnr H/S IgedeEkiti Apr. – May 2008 300,000.00 300,000.00 - Mrs M.A. Jegede Adeosun 46 AmunuSnr. H/S, OmuoEkiti Oct. 2006 – Jan. 50,672.30 - 50,672.30 - Mr.Fadipe Ekamefa Comp. Jnr. H/S, May 2006, Nov. 47 47,362.66 - 47,362.66 Mr.Bolarinwa J.B. Aladesuyi IlasaEkiti 2007 & Oct. 2008 Obedu Com. Snr. H/S, Jan. 2007 & Feb. 48 71,880.94 - 71,880.94 Mr.Oloodoye Mr.Odetoye IsinbodeEkiti 2008 56 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 49 OmuokeSnr. H/S, OmuoEkiti Nov – Dec. 2006 75,262.30 - 75,262.30 - Mr.P.S. Akeju TOTAL 13,633,582.70 2,361,010.00 11,271,572.70 APPENDIX ‘C’ LIST OF AUDITED SCHOOLS 2017/2018 ACADEMIC SESSION S/N NAMES OF SCHOOL DATE LAST AUDITED 1 Ado Grammar School, Ado-Ekiti 31st August, 2018 2 Mary Immaculate Grammar School Ado-Ekiti - do - 3 Christ School, Ado-Ekiti - do - 4 All Souls Ang. School, Ado-Ekit - do - 5 Mary Hill High School, Ado-Ekiti - do - 6 Baptist High School, Ado-Ekiti - do - 7 Ola Oluwa Muslim Grammar School, Ado-Ekiti - do - 8 Ado Community High School, Ado-Ekiti - do - 9 AUD Comprehensive High School, Ado-Ekiti - do - 10 Muslim College Ado-Ekiti - do - 11 C.A.C. Comprehensive High School, Ado-Ekiti - do - 12 Anglican High School,Ado-Ekiti - do - 13 Ikingbunsin/Olorunda High School, Ado-Ekiti - do - 14 Eyemote High School, Iyin-Ekiti - do - 57 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 15 Okunsusi High School, Igede-Ekiti - do - 16 Awo Community Comprehensive High School, Awo-Ekiti - do - 17 Iropora High School, Iropora-Ekiti - do - 18 Iworoko Community High School, Iworoko-Ekiti - do - 19 Are/Afao Community High School, Are/Afao-Ekiti -do- 20 Igbemo Community High School, Igbemo-Ekiti - do - 21 Eyio Community School, Eyio-Ekiti - do - 22 Oloketuyi Grammar School, Igbemo - do - 23 Christ Girls School, Ado-Ekiti - do - 24 Ekiti Baptist High School, Igede-Ekiti - do - IJERO LOCAL GOVERNMENT 25 Ipoti High School, Ipoti-Ekiti - do - 26 Orisumbare Community High School, Ijero - do - 27 Doherty Memorial Grammar School, Ijero - do - 28 C.A.C. High School, Ijero-Ekiti - do - 29 Iroko Comprehensive High School, Iroko-Ekiti - do - 30 Ara Comprehensive High School, Ara-Ekiti - do - 31 Babatope Memorial Grammar Scholl, Iroko-Ekiti - do - 32 Ipoti Community High School, Ipoti-Ekiti - do - 33 Esooba Comprehensive High School, Ikoro-Ekiti - do - 58 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 34 Ilukuno Community High School, Ilukuno-Ekiti - do - 35 Ekameta Community High School, Epe-Ekiti - do - 36 Ijero High School, Ijero-Ekiti - do - 37 Ayetoro/Iloro Community High School, Iloro-Ekiti - do - 38 Iloro Community High School, Iloro-Ekiti - do - OYE LOCAL GOVERNMENT 39 Community High School, Ayegbaju-Ekiti 31st August, 2018 40 Community High School, Osin Osin-Ekiti - do - 41 Community High School, Itaji-Ekiti - do - 42 Obalatan Community Grammar School, Ilupeju - do - 43 Oye egbo High School, Oye-Ekiti - do - 44 St. Augustine Comprehensive High School, Oye-Ekiti - do - IDO-OSI LOCAL GOVERNMENT 45 Notre Dame High School, Usi-Ekiti 31st August, 2018 46 Osi Community High School, Osi-Ekiti - do - 47 Methedist Girls High School, Ifaki-Ekiti - do - 48 Elo High School, Ayetoro-Ekiti - do - 49 Orin High School, Irin-Ekiti - do - 50 Ifaki Grammar School, Ifaki-Ekiti - do - 51 Usi High School, Usi-Ekiti - do - 59 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 52 Oganganmodu Grammar School, Ido-Ekiti - do - 53 Ekiti Parapo College, Ido-Ekiti - do - MOBA/ILEJEMEJE ZONAL OFFICES 54 Moba Grammar School, Otun-Ekiti 31st August, 2018 55 Ijesamodu Comprehensive High School, Ijesamodu-Ekiti - do - 56 Oniyo Grammar School, Eda-Oniyo-Ekiti - do - 57 Ifelodun Community High School, Igogo-Ekiti - do - 58 Ilejemeje Community High School, Iye-Ekiti - do - 59 Aaye Oja Grammar School, Aaye Oja Ekiti - do - 60 Saliu Adeoti Memorial Grammar School, Otun-Ekiti - do - 61 Iludun Grammar School, Iludun-Ekiti - do - 62 Ikosu Grammar School, Ikosu-Ekiti - do - 63 Igogo Commercial High School, Igogo-Ekiti - do - 64 Ewu Comprehensive High School, Ewu-Ekiti - do - 65 Ipere Comprehensive High School, Ipere-Ekiti - do - 66 Eyemojo Comprehensive High School, Osan-Ekiti - do - ARAMOKO ZONAL OFFICE 67 Aramoko District Commercial High School, Aramoko 31st August, 2018 68 Aramoko Community Grammar School, Aramoko - do - 69 C.A.C. Grammar School, Efon - do - 60 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 70 Community High School, Okemesi –Ekiti - do - 71 Efon High School, Efon-Alaaye - do - 72 Ikogosi Grammar School, Ikogosi-Ekiti - do - 73 Ile-Ona Community High School, Aramoko-Ekiti - do - 74 Ipole/Iloro Community High School, Ipole-Ekiti - do - 75 Erijiyan Community High School, Erijiyan-Ekiti - do - 76 Anglican High School, Efon - do - IKOLE ZONAL OFFICE 77 Egbeoba High Scholl, Ikole-Ekiti 31st August, 2018 78 Fiyinfolu Comprehensive High School, Ayedun-Ekiti - do - 79 Holy Apostolic High School, Ikole-Ekiti - do - 80 Ikole City College, Ikole-Ekiti - do - 81 Odundun High School, Odo Ayedun-Ekiti - do - ILAWE ZONAL OFFICE 82 Ojorube Grammar School, Ogotun-Ekiti 31st August, 2018 83 United High School, Ilawe-Ekiti - do - 84 Community High School, Igbara-Odo-Ekiti - do - 85 Ogotun Unity Secondary School, Ogotun-Ekiti - do - 86 Omoleye Community High School, Igbara Odo - do - 87 Ogotun High School, Ogotun-Ekiti - do - 61 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 88 Alarelu Comprehensive High School, Igbara Odo - do - 89 Corpus Christi College, Ilawe-Ekiti - do - EKITI EAST/GBOYIN ZONAL OFFICE 90 Ekamefa Community Grammar School, Ilasa-Ekiti 31st August, 2018 91 Aisegba Comprehensive High School, Aisegba-Ekiti - do - 92 Ile-Owuro High School, Agbado-Ekiti - do - 93 New Era College, Ode-Ekiti - do - 94 Omuo Comprehensive High School Omuo-Ekiti - do - 95 Omuo-Oke Grammar School, Omuo Oke Ekiti - do - 96 Ifelodun Community Grammar School, Ikun Araromi - do - 97 Ayo Daramola Grammar School, Ijan-Ekiti - do - 98 Methodist High School, Egbe-Ekiti - do - 99 Aisegba Community High School, Aisegba-Ekiti - do - 100 Methodist High School, Isinbode-Ekiti - do - 101 Ode High School, Ode-Ekiti - do - 102 Omuo Ore Secondary School, Omuo-Ekiti - do - 103 Methodist High School, Isinbode-Ekiti - do - 104 Ayeteju Comprehensive College, Iro/Ayeteju-Ekiti - do - IKERE BRANCH OFFICE 105 Annunciation School, Ikere-Ekiti 31st August, 2018 62 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 106 St. Louis Grammar School, Ikere-Ekiti - do - 107 African Church Comprehensive High School, Ikere-Ekiti - do - 108 Eleyo High School, Ikere-Ekiti - do - 109 Amoye Grammar School, Ikere-Ekiti - do - 110 Ikere High School, Ikere-Ekiti - do - 111 Ajolagun High School, Ikere-Ekiti - do - 112 Irepodun Community High School, Ikere-Ekiti - do - 113 A.U.D. Comprehensive High School, Ikere-Ekiti - do - 114 United Comprehensive High School, Ise-Ekiti - do - 115 Orun Community Grammar School, Ise-Ekiti - do - 116 Obada High School, Obada Ise-Ekiti - do - 117 Ogbese Community High School, Ise-Ekiti - do - 118 Akinluse Comprehensive High School, Ise-Ekiti - do - 119 Arinjale Comprehensive High School, Ise-Ekiti - do - 120 Ise Comprehensive High School, Ise-Ekiti - do - 121 Adetunji Ajayi Secondary School, Ise-Ekiti - do - 122 Orija High School, Emure-Ekiti - do - 123 Ajebandele Community High School, Emure-Ekiti - do - 124 Ilumoba Community High School, Iluomoba Ekiti - do - 125 Emure Model High School, Emure-Ekiti - do - 63 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 126 Ijaloke High School, Emure-Ekiti - do - 127 Eporo High School, Eporo-Ekiti - do - 128 Oniwe Comprehensive High School, Ilawe-Ekiti - do - OUTSTANDING ACCOUNTS S/N NAME OF SCHOOLS DATE LAST AUDITED 1 Egriri Oke High School, Iyin-Ekiti 31st August, 2016 2 Esure Community High School, Esure-Ekiti 31st August, 2017 3 Oke oro/Iroko Comprehensive High School, Oke Oro - do - 4 Ijurin Comprehensive High School, Ijurin-Ekiti 31st July, 2016 5 Ayegunle/Temidire Comprehensive High School, Ayegunle 31st June, 2016 6 Isan Secondary School, Isan-Ekiti 31st August, 2017 7 Itapa/Osin Comprehensive High School, Itapa/Osin-Ekiti 31st August, 2017 8 Omu/Ijelu High School, Omu/Ijelu-Ekiti 31st August, 2017 9 A.U.D. High School, Ire-Ekiti 31st August, 2017 10 Ogunnire Comprehensive High School, Ire-Ekit 31st August, 2017 11 Ilupeju High School, Ilupeju-Ekiti 31st August, 2017 12 Ayede Grammar School, Ayede-Ekiti 31st August, 2017 13 Ora Community High School, Ora-Ekiti 31st August, 2016 64 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 14 Ojo Ugbole High School, Ugbole-Ekiti 31st August, 2017 15 Ilogbo High School, Ilogbo-Ekiti 31st August, 2017 16 Methodist High School, Aaye-Ekit 31st August, 2017 17 Ifisin Community High School, Ifisin-Ekit 31st August, 2017 18 Epe High School, Epe-Ekiti 31st August, 2017 19 Alamoye Comprehensive High School, Aramoko-Ekiti 31st August, 2017 20 Ajinare High School, Ido-Ile Ekiti 31st August, 2017 21 Apostle Babalola High School, Efon Alaaye 31st August, 2017 22 Erin Ayonigba Comprehensive High School, Erinjiyan 31st August, 2017 23 Edu High School, Erio-Ekit 31st August, 2017 24 Fabunmi Memorial Grammar School, Okemesi-Ekiti 31st August, 2017 25 Okemesi Grammar School, Okemesi-Ekiti 31st August, 2017 26 St. Micheal Catholic School, Efon Alaaye 31st August, 2017 27 AUD High School, Ikole-Ekiti 31st August, 2017 28 Ayebode High School, Ayebode-Ekiti 31st August, 2017 29 Ara Community High School, Ara-Ekiti 31st August, 2017 30 Community High School, Irele-Ekiti 31st August, 2017 31 Community High School, Oke-Ako Ekiti 31st August, 2017 32 Irepodun High School, Ipao-Ekiti 31st August, 2017 33 Ijesa/Isu Comprehensive High School,Ijesa-Isu Ekiti 31st August, 2017 65 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 34 Itapaji High School, Itapaji-Ekiti 31st August, 2017 35 Iyemero Community High School, Iyemero-Ekiti 31st August, 2017 36 Odo-Oro High School, Odo Oro-Ekiti 31st August, 2017 37 Orin-Odo High School, Ikole-Ekiti 31st August, 2017 38 St. Mary Anglican Girl’s School, Ikole-Ekiti 31st August, 2017 39 Amunu Comprehensive High School, Omuo-Ekiti 31st August, 2017 40 Community Grammar School, Ikota-Ekiti 31st August, 2017 41 Isedo Community High School, Omuo-Oke 31st August, 2017 42 Obedu High School, Isinbode-Ekiti 31st August, 2017 43 Eda-Ile Community High School, Eda-Ile 31st August, 2017 44 Ujilogun High School, Ilupeju-Ijan-Ekiti 31st August, 2017 45 Sola Babalola Memorial High School, Iro-Ekiti 31st August, 2017 46 Ijanmodu Comprehensive High School, Ijan-Ekiti 31st August, 2017 (UNAUDITED ACCOUNTS) 66 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> SPECIAL SCHOOLS S/N NAME OF SCHOOLS DATE LAST AUDITED 1 Government Technical College, Otun-Ekiti 31st August, 2017 2 Government Technical College, Igbara-Odo 31st August, 2017 3 Government Technical College, Ikole-Ekiti 31st August, 2017 SPECIAL SCHOOL (AUDITED ACCOUNTS) S/N NAME OF SCHOOLS DATE LAST AUDITED 1 Government College, Ado-Ekiti 31st August, 2018 2 Government College, Efon Alaaye 31st August, 2018 3 Government College, Usi-Ekiti 31st August, 2018 4 School for the Physically Challenged Ido-Ekiti 31st August, 2018 5 School for the Deaf, Ikere-Ekiti 31st August, 2018 6 Government College, Ikere-Ekiti 31st August, 2018 7 Government Science College, Iyin-Ekiti 31st August, 2018 8 School for the Blind, Ikere-Ekiti 31st August, 2018 9 Government College Ayeole 31st August, 2018 10 Government College Oye 31st August, 2018 WORK IN PROGRESS 67 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> S/N NAME OF SCHOOLS DATE LAST AUDITED 1 Amure High School, Ikun Ekiti 2016/2017, 2017/2018 2 Osun Grammer School, Osun Ekiti 2017/2018 3 Erinmope High School, Erinmope Ekiti 2017/2018 4 Odo-Owa Comprehensive High School, Odo Owa EKITI 2017/2018 5 Government Technical College, Ado-Ekiti 2017/2018 6 Government Technical College,Emure Ekiti 2017/2018 7 Government Technical College, Ijero Ekiti 2017/2018 (UNAUDITED ACCOUNTS) SPECIAL SCHOOLS S/N NAME OF SCHOOLS DATE LAST AUDITED 1 Government Technical College, Otun-Ekiti 31st August, 2017 2 Government Technical College, Igbara-Odo 31st August, 2017 3 Government Technical College, Ikole-Ekiti 31st August, 2017 APPENDIX ‘D’ 68 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> OFFICE OF THE STATE AUDITOR-GENERAL CORPORATIONS AND GOVERNMENT AGENCIES CORPORATIONS AND AGENCIES POSITION OF ACCOUNTS 1. EDUCATION TRUST FUND DEC. 2018 2. BOARD OF INTERNAL REVENUE DEC. 2018 3. EKITI STATE LIBRARY BOARD DEC. 2017 4. EKITI HOUSING LOANS BOARD DEC. 2017 5. PENSION BOARD DEC. 2017 6. COLLEGE OF HEALTH SCIENCE & TECHNOLOGY DEC. 2018 7. CHRISTIAN PILGRIMS DEC. 2017 8. URBAN RENEWAL AGENCY “ 9. PRIMARY HEALTH CARE DEVELOPMENT DEC. 2017 10 DIRECTORATE OF FARM SETTLEMENT DEC. 2016 11 EKITI STATE TRAFFIC AGENCIES DEC. 2018 12 BROADCASTING SERVICE OF EKITI STATE DEC. 2014 13. SACA DEC.2017 14 EKITI STATE ELECTRICITY BOARD DEC. 2012 15 EKITI SPORTS COUNCIL DEC. 2015 16. MUSLIM PILGRIM WELFARE BOARD DEC. 2016 17. WASTE MANAGEMENT BOARD DEC. 2017 18. STATE EMERGENCY MANAGEMENT AGENCY DEC. 2018 19. HOUSING CORPORATION DEC. 2017 20. EKITI STATE WATER CORPORATION DEC 2017 21 SCHOLARSHIP BOARD DEC. 2018 22 ADULT EDUCATION DEC. 2017 23 SUBEB DEC. 2018 24 CENTRAL MEDICAL STORE DEC. 2018 25 FOUNTAIN OF AGRIC & MARKETING AGENCY DEC 2017 26 ADP DEC. 2018 69 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> 27 COLLEGE OF EDUCATION IKERE. DEC.2015 28 MICRO CREDIT AGENCY DEC. 2016 29 EKSU (WORK IN PROGRESS) DEC. 2016 30. JOB CREATION DEC. 2016 31. FOUNTAIN HOLDINGS CO. LTD DEC. 2018 32 SCHOOL AGRIC AND ENTERPRISE AGENCY DEC. 2017 33 BOARD FOR TECHNICAL EDUCATION DEC. 2017 34 EKITI STATE RURAL WATER DEC. 2016 35. STATE INDEPENDENT ELECTORAL COMMISSION DEC. 2018 36 EKITI STATE COMMUNITY DEVELOPMENT AGENCY DEC. 2016 37 SEPIP DEC. 2017 38 MINIRAL RESOURCES DEVELOPMENT AGENCY DEC. 2018 39. FISCAL RESPONSIBILITY DEC. 2016 40 EKITI STATE TEACHING HOSPITAL DEC. 2016 41. EKITI HEALTH INSURANCE SCHEME DEC. 2016 42. EKITI ENTERPRISE DEVELOPMENT AGENCY DEC. 2017 70 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> ANNEXURE I REPORT OF THE ACCOUNTANT-GENERAL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2018 71 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> TABLE OF CONTENT Page(s) 1. Report of the Accountant-General……………………..................................................................3 2. Financial Highlights……………………………………………………………………………………………………........4 3. Responsibilities of the Accountant-General………………………………………………………………………5 4. Statement of Accounting Policies……………………………………………………………………………………..6 5 Report of the Auditor-General/Audit Certification……………………………………………………………7 6. Charts ……………………………………………………………………………………………………………………………..8 - 9 7. Statement of Financial Performance……………………………………………………………………………..10 - 11 8. Statement of Financial Position…………………………………………………………………….………………..12 - 13 9. Statement of Cash Flow…………………………………………………………………………………………….…...14 - 13 10. Statement of Change in Net Assets/Equity ……………………………………………………………………..16 11. Statement of Comparison of Budget and Actual Amount…………………………………………………17 -18 12. Notes to the Financial Statements……………………………………………………………………………………19 -110 15. Annexure I: Budget Size and Performance ……………………………………………………..………………111 16. Annexure II: Schedule of Bonds Repayments…………………………………………………………………..112 72 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> REPORT OF THE ACCOUNTANT-GENERAL I am delighted to present the second transitional Accrual IPSAS Financial Statements of the Ekiti State Government (EKSG) for the Year Ended 31st December, 2018 together with the Auditor’s Report on the Financial Statements which include: i. Statement of Financial Performance; ii. Statement of Financial Position; iii. Statement of Change in Net Assets/Equity; iv. Statement of Cash Flow; and v. Statement of Comparison of Budget and Actual Amounts. The Financial Statements of EKSG for the year ended 31st December, 2018 have been prepared on an IPSAS Accrual Basis in compliance with International Public Sector Accounting Standards (IPSAS), except Statement of Comparison of Budget and Actual Amounts as permitted by IPSAS 24. The Financial Statements equally complied with Generally Accepted Accounting Principles and Practice (GAAPP) and other Financial Regulations. The implementation of Accrual Accounting by EKSG will facilitate easy assessment of the financial performance of the State. The Financial Statements depict all expenses whether paid for or not and all revenue whether received or outstanding. Furthermore, it provides useful information on the ability of income streams to adequately cover short and long term liabilities as well as better information on government spending which in turn drives better utilization of government resources. The Financial Statements fairly reflect the financial position of EKSG as at 31st December, 2018 and its financial performance for financial year under review. I wish to acknowledge the loyalty and dedication of members of staff of Main Accounts Department and entire staff of Office of the Accountant- General towards the success of this work. I appreciate all Accountants in the Ministries, Departments and Agencies (MDAs) who supplied and defended the data. The support of the State Government for the kind consideration of our request is equally and highly appreciated. O. O. OWOLABI (MRS) FCNA, FCE, FIICA, ACTI FRC/2016/ANAN/00000015218 ACCOUNTANT-GENERAL/PERMANENT SECRETARY EKITI STATE 73 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> FINANCIAL HIGHLIGHTS Operating Surplus for the year was N10,748,897,168.83 while the State made a Net Surplus of N4,338,149,568.44 after adjustment for capital expenditure yet to be recognized in Property, plant and Equipment (PPE) and Public Debt Charges. Reviewing the year 2018 performance on Cash Basis compared to prior year, Recurrent Revenue grew by 17% from N56,791,187,976.54 in 2017 to N66,719,055,756.21 in 2018 while Capital Receipts dropped by 20% from N12,503,926,117.57 in 2017 to N9,997,051,141.08 in 2018. The State Recurrent Expenditure incresed by 14% from N58,135,765,434.62 in 2017 to N66,492,183,786.27 in 2018 while a 10% drop from N13,353,306,731.45 in 2017 to N11,966,138,376.61 in 2018 was noted in Capital Expenditure. During the year, EKSG budgeted N62,781,089,984.71 for Recurrent Expenditure and N45,756,982,828.81 for Capital Expenditure. The actual Recurrent Expenditure was N53,878,549,485.75 while Capital Expenditure was N24,579,772,677.13 representing 86% and 54% performance respectively. Furthermore, EKSG budgeted N92,417,450,407.84 for Recurrent Revenue and N16,120,622,405.68 for Capital Receipts. The actual Recurrent Revenue was N66,719,055,756.21 while actual Capital Receipt was N9,997,051,141.08 representing 72% and 62% performance respectively. Details contained in Annexure III. O. O. OWOLABI (MRS) FCNA, FCE, FIICA, ACTI FRC/2016/ANAN/00000015218 ACCOUNTANT-GENERAL/PERMANENT SECRETARY EKITI STATE 74 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> RESPONSIBILITY OF THE ACCOUNTANT-GENERAL The Financial Statements have been prepared by the Accountant-General of Ekiti State in accordance with the provision of the Finance (Control and Management) Act 1958 and Cap 144 LFN and PFM Law 2011 as amended. The Financial Statements complied with Generally Accepted Accounting Practice (GAAP) and was prepared on an Accrual Basis in line with the requirement of International Public Sector Accounting Standards (IPSAS), except Statement of Comparison of Budget and Actual Amounts as permitted by IPSAS 24 The Financial Statements were prepared using the General Purpose Financial Statement (GPFS) reporting format approved by the Federal Executive Council of Nigeria (FEC) in 2012. Ekiti State Government has initiated a three-year transition period to achieve full compliance with the requirements of IPSAS 33. This is the second year of adoption of IPSAS Accrual Basis. The Accountant-General of the State is responsible for establishing and maintaining an adequate system of internal control to provide adequate and reasonable assurance that the transactions reported are recorded accurately and are within statutory authority. The Accountant-General ensures the integrity and objectivity of the Financial Statements to fairly reflect the financial position and performance of Ekiti State Government and apply suitable accounting policies, prudent judgments and estimate consistently for the preparation of its financial statements. The Accountant-General further accepts responsibility for the maintenance of accounting records that may be relied upon in the preparation of financial statements as well as adequate system of internal financial control. O. O. OWOLABI (MRS) FCNA, FCE, FIICA, ACTI FRC/2016/ANAN/00000015218 ACCOUNTANT-GENERAL/PERMANENT SECRETARY EKITI STATE 75 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> STATEMENT OF ACCOUNTING POLICIES BASIS OF PREPARATION The GPFS are prepared under IPSAS Accrual Basis of Accounting that recognizes transactions and events occurred whether expenses paid for or not and revenue received or outstanding. BASIS OF MEASUREMENT The Financial statements have been prepared on historical cost unless stated otherwise. REPORTING CURRENCY The Financial Statements are presented in Nigerian Naira, which is the functional currency of Ekiti State Government. GOING CONCERN The Financial Statements have been prepared on a going concern basis. ACCOUNTING PERIODS The Accounting year is from 1st January to 31st December. ASSETS AND LIABILITIES The State Government had commenced the recognition and valuation of Assets and Liabilities which is expected to be completed over the next Three financial years. FOREIGN CURRENCIES Liabilities denominated in foreign currencies are translated to Naira at the prevailing official exchange rate as at 31st December, 2018. 76 | P a g e <<< REPORT OF THE AUDITOR-GENERAL ON THE ACCOUNTS OF THE GOVERNMENT OF EKITI STATE OF NIGERIA FOR THE YEAR ENDED 31ST DECEMBER, 2018 >>> OFFICE OF THE STATE AUDITOR GENERAL State Audit Headquarters, P.M.B. 53554, New Secretariat, Ado-Ekiti, Nigeria. Tel: 08033784866 E-mail: ekitistateauditorgeneral@gmail.com. _____________________________________________________________________________________________________________ AUDIT CERTIFICATE I have examined the Financial Statements of Ekiti State Government as at 31st December, 2018 in accordance with section 125 (2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended). I have obtained information and explanations that I required for my audit. Ekiti State Government initiated accrual basis IPSAS on 1st January, 2017 and elected to adopt transitional exemptions in IPSAS 33 that allows it to apply deemed cost and a transitional period of up to three years. As a result of adopting these transitional exemptions and provisions, the Ekiti State Government is not able to make an explicit and unreserved statement about its full compliance with accrual basis IPSASs. These financial statements are therefore referred to as the second transitional IPSAS financial statements of Ekiti State Government. In my opinion, the Financial Statements and the supporting Accounts give a true and fair view of the State of affairs of Ekiti State Government as at 31st December, 2018 subject to further observations in my Reports. D. A. Kayode (FCNA, FCFIP, ACTI) FRC/2014/ANAN/00000010277 Auditor-General, Ekiti State. 77 | P a g e Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 EKITI STATE OF NIGERIA STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31ST DECEMBER, 2018 ACTUAL VARIANCE ON FINAL ACTUAL (2017) NOTES 2018 FINAL BUDGET 2018 INITIAL BUDGET 2018 BUDGET ₦ ₦ ₦ ₦ ₦ REVENUE 25,352,826,448.06 Government Share of FAAC 1 38,019,908,660.69 36,566,274,422.32 32,970,737,571.98 (1,453,634,238.37) 9,059,086,275.64 Government Share of VAT 2 10,214,624,926.44 11,000,000,000.00 10,500,000,000.00 785,375,073.56 9,260,419,701.61 Other Statutory Revenue 3 6,009,175,979.60 21,983,123,267.02 23,000,000,000.00 15,973,947,287.42 4,323,198,137.91 Tax Revenue 5 4,799,846,715.32 4,761,902,886.93 4,624,989,953.83 (37,943,828.39) 7,578,655,906.40 Non-Tax Revenue 5 7,149,308,142.35 8,322,455,014.70 6,800,954,491.04 1,173,146,872.35 841,325,223.37 Other Revenue 6 246,722,381.81 - - (246,722,381.81) 75,676,283.55 Aids & Grants 7 54,468,950.00 2,483,694,816.87 2,483,694,816.87 2,429,225,866.87 300,000,000.00 Transfer from other Govt. Entities 8 225,000,000.00 300,000,000.00 - 75,000,000.00 56,791,187,976.54 TOTAL REVENUE (A) 66,719,055,756.21 85,417,450,407.84 80,380,376,833.72 18,698,394,651.63 EXPENDITURES 17,871,353,573.49 Salaries and Wages 9 17,238,668,704.27 22,914,272,547.31 20,172,717,614.91 5,675,603,843.04 672,043,094.25 Allowances (Non Regular) 9 426,511,101.47 812,479,644.49 812,479,644.49 385,968,543.02 127,505,487.36 Social Contributions 9 122,395,929.76 250,000,000.00 200,000,000.00 127,604,070.24 6,130,706,419.56 Social Benefits 10 7,493,094,654.36 6,150,048,060.09 4,150,048,060.09 (1,343,046,594.27) 2,324,706,322.61 Overhead Cost 12 2,520,605,780.40 3,608,742,881.90 3,044,892,881.73 1,088,137,101.50 73 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 ACTUAL VARIANCE ON FINAL ACTUAL (2017) NOTES 2018 FINAL BUDGET 2018 INITIAL BUDGET 2018 BUDGET ₦ ₦ ₦ ₦ ₦ 7,106,107,722.90 Transfer to Other Funds (ToF) 13 12,242,456,448.72 12,186,459,903.49 10,809,337,062.76 (55,996,545.23) 14,330,750,804.76 Subvention/Grants/Contributions 14 14,308,928,927.27 16,859,086,947.43 15,320,086,947.43 2,550,158,020.16 309,457,192.65 Depreciation Charges 15 1,563,028,091.13 - - (1,563,028,091.13) 75,676,283.55 Project Finance by Aids & Grants 7 54,468,950.00 - - (54,468,950.00) 48,948,306,901.13 TOTAL EXPENDITURE (B) 55,970,158,587.38 62,781,089,984.71 54,509,562,211.41 6,810,931,397.33 Surplus/(Deficit) from Operating 7,842,881,075.41 Activities C=(A-B) 10,748,897,168.83 22,636,360,423.13 25,870,814,622.31 11,887,463,254.30 Less: 3,280,302,211.51 Capital Expenditure 16 1,278,714,615.90 3,910,500,000.00 3,910,500,000.00 2,631,785,384.10 Gain/(Loss) on Disposal of Assets - - 7,088,980,295.39 Public Debt Charges 11 5,132,032,984.49 12,022,863,958.40 12,022,863,958.40 6,890,830,973.91 Total Non-Operating 10,369,282,506.90 Revenue/(Expenses) (D) 6,410,747,600.39 15,933,363,958.40 15,933,363,958.40 9,522,616,358.01 - NET SURPLUS/(DEFICIT) FOR THE (2,526,401,431.49) PERIOD (C-D) 4,338,149,568.44 6,702,996,464.73 9,937,450,663.91 2,364,846,896.29 The accounting policies and notes to the accounts form an integral part of these Financial Statements. 74 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 EKITI STATE OF NIGERIA STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER, 2018 NOTES 31/12/2018 31/12/2018 31/12/2017 31/12/2017 ₦ ₦ ₦ ₦ CURRENT ASSETS Current Assets Cash and Cash Equivalent 17 11,951,237,961.91 11,384,068,689.98 Inventories 18 - - Receivables 19 4,039,203,795.48 4,027,411,377.47 Prepayments/Arrears of Revenue 20 - - TOTAL CURRENT ASSETS (A) 15,990,441,757.39 15,411,480,067.45 NON-CURRENT ASSETS Investment (Bond Sinking Fund Account Balance) 21 1,596,112,000.00 2,561,428,000.00 Property Plant and Equipment (NBV) 22 17,310,868,787.86 3,061,103,388.43 Work in Progress (PPE) 23 1,577,074,209.00 6,702,443,938.85 TOTAL NON-CURRENT ASSETS (B) 20,484,054,996.86 12,324,975,327.28 TOTAL ASSETS (C=A+B) 36,474,496,754.25 27,736,455,394.73 LIABILITIES Current Liabilities: Deposits - - Unremitted Deductions 24 1,910,930,670.39 1,265,750,692.70 Payables 25 18,358,501,278.19 17,836,923,855.69 75 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTES 31/12/2018 31/12/2018 31/12/2017 31/12/2017 ₦ ₦ ₦ ₦ Accrued Expenses 26 4,047,798,841.15 4,542,696,411.36 TOTAL CURRENT LIABILITIES (D) 24,317,230,789.73 23,645,370,959.75 Non-Current Liabilities Long Term Borrowings: Foreign Loan 27 30,034,529,853.59 20,748,175,056.79 Long Term Borrowings: Domestic Loan 28 58,067,393,476.56 66,957,961,273.07 TOTAL NON-CURRENT LIABILITIES (E) 88,101,923,330.15 87,706,136,329.86 TOTAL LIABILITIES (F=D+E) 112,419,154,119.88 111,351,507,289.61 NET ASSETS (G=C-F) (75,944,657,364.36) (83,615,051,894.88) NET ASSETS/EQUITY Reserves (80,282,806,932.80) (81,088,650,463.39) Accumulated Surplus/(Deficit) 4,338,149,568.44 (2,526,401,431.49) Minority Interest - - TOTAL NET ASSETS/EQUITY (75,944,657,364.36) (83,615,051,894.88) The accounting policies and notes to the accounts form an integral part of these Financial Statements. 76 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 EKITI STATE OF NIGERIA STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER, 2018 2018 2017 ₦ ₦ ₦ ₦ CASH FLOWS FROM OPERATING ACTIVITIES INFLOWS Government Share of FAAC 38,019,908,660.69 25,352,826,448.06 Government Share of VAT 10,214,624,926.44 9,059,086,275.64 Other Statutory Revenue 6,009,175,979.60 9,260,419,701.61 Tax Revenue 4,799,846,715.32 4,323,198,137.91 Non-Tax Revenue 7,149,308,142.35 7,578,655,906.40 Other Revenue 246,722,381.81 841,325,223.37 AID & Grants 54,468,950.00 75,676,283.55 Transfer from other Government Entities 225,000,000.00 300,000,000.00 TOTAL INFLOW FROM OPERATING ACTIVITIES (A) 66,719,055,756.21 56,791,187,976.54 OUTFLOWS Salaries and Wages 18,450,740,807.59 16,869,696,754.65 Allowances (Non Regular) 426,511,101.47 672,043,094.25 Social Contributions 108,000,000.00 63,000,000.00 Social Benefits 5,271,939,900.09 4,722,405,022.31 Public Debt Charges 5,325,311,802.76 7,088,980,295.39 Overhead Cost 2,615,456,299.78 2,229,855,803.23 Transfer to Other Funds 12,356,054,098.72 6,992,510,072.90 Subvention/Grants 14,595,378,328.10 14,128,842,756.93 77 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 2018 2017 ₦ ₦ ₦ ₦ Expenditure Financed by Aids & Grants 54,468,950.00 75,676,283.55 TOTAL OUTFLOW FROM OPERATING ACTIVITIES (B) 59,203,861,288.51 52,843,010,083.21 NET CASH FLOW FROM OPERATING ACTIVITIES (C=A-B) 7,515,194,467.70 3,948,177,893.33 CASH FLOWS FROM INVESTING ACTIVITIES PURCHASE/CONSTRUCTION OF ASSETS: Administrative Sector (702,532,362.81) (1,069,777,137.29) Economic Sector (8,348,137,947.10) (10,754,936,666.68) Law and Justice Sector - - Regional Sector - (351,624,183.71) Social Service Sector (2,915,468,066.70) (1,176,968,743.77) NET CASH FLOW FROM INVESTING ACTIVITIES (11,966,138,376.61) (13,353,306,731.45) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from Foreign Loans 9,709,551,141.08 4,008,926,117.57 Proceeds from Domestic Loans 287,500,000.00 8,495,000,000.00 Foreign Loans Repayments (423,196,344.28) (608,306,460.88) Domestic Loans Repayment (6,865,126,153.48) (4,684,448,890.53) NET CASH FLOW FROM FINANCING ACTIVITIES 2,708,728,643.32 7,211,170,766.16 NET CASH FLOW FROM ALL ACTIVITIES (1,742,215,265.59) (2,193,958,071.96) CASH & ITS EQUIVALENT AS AT 1ST OF JANUARY 13,693,453,227.50 13,578,026,761.94 CASH & ITS EQUIVALENT AS AT 31ST DECEMBER 11,951,237,961.91 11,384,068,689.98 The accounting policies and notes to the accounts form an integral part of these Financial Statements. 78 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 EKITI STATE OF NIGERIA STATEMENT OF CHANGE IN NET ASSETS/EQUITY FOR THE YEAR ENDED 31ST DECEMBER, 2018 REVALUATION TRANSLATION ACCUMULATED NOTES RESERVE RESREVE SURPLUSES/DEFICITS TOTAL ₦ ₦ ₦ ₦ Balance as at 31st December 2017 (83,615,051,894.88) Change in Accounting Policies - Restated Balance FIRS unremitted tax liability not recognised in 2017 closing balance (336,557,636.48) (336,557,636.48) Reduction in the restated opening balance of Domestic Debt 2,312,941,643.03 2,312,941,643.03 Deficit on Revaluation of Investment (Bond Sinking Fund Account Balance) 35 (965,316,000.00) (965,316,000.00) Additional Opening Cash Balance from MDAs 2,309,384,537.52 2,309,384,537.52 Net surplus/(deficit)for the Period 4,338,149,568.44 Deficit on Revaluation of Property Investment Income not Recognised in the Statement of Financial Performance - - Surplus on Revaluation of Investments Increase in Advances not Recognised in the Statement of Financial Performance 34 11,792,418.01 11,792,418.01 Balance as at 31st December 2017 4,338,149,568.44 (80,282,806,932.80) The accounting policies and notes to the accounts form an integral part of these Financial Statements. 79 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 EKITI STATE OF NIGERIA STATEMENT OF COMPARISON OF BUDGET AND ACTUAL CASH FOR THE YEAR ENDED 31ST DECEMBER, 2018 VARIANCE ON FINAL ACTUAL AMOUNT FINAL BUDGET INITIAL BUDGET BUDGET PERFORMANCE ₦ ₦ ₦ ₦ ₦ A B C D=A-B A/B% OPENING BALANCE (A) 13,693,453,227.50 7,000,000,000.00 7,000,000,000.00 (6,693,453,227.50) 195.62 RECEIPTS Government Share of FAAC 38,019,908,660.69 36,566,274,422.32 32,970,737,571.98 (1,453,634,238.37) 103.98 Government Share of VAT 10,214,624,926.44 11,000,000,000.00 10,500,000,000.00 785,375,073.56 92.86 Other Statutory Revenue 6,009,175,979.60 21,983,123,267.02 23,000,000,000.00 15,973,947,287.42 27.34 Tax Revenue 4,799,846,715.32 4,761,902,886.93 4,624,989,953.83 (37,943,828.39) 100.80 Non-Tax Revenue 7,149,308,142.35 8,322,455,014.70 6,800,954,491.04 1,173,146,872.35 85.90 Other Revenue 246,722,381.81 - (246,722,381.81) - AID & Grants 54,468,950.00 2,483,694,816.87 2,483,694,816.87 2,429,225,866.87 - Transfer from other Government Entities 225,000,000.00 300,000,000.00 75,000,000.00 - Proceeds from Foreign Loans 9,709,551,141.08 13,120,622,405.68 8,231,168,206.50 3,411,071,264.60 74.00 Proceeds from Domestic Loans 287,500,000.00 2,000,000,000.00 2,000,000,000.00 1,712,500,000.00 14.38 Other Capital Receipts 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 - TOTAL RECEIPTS (B) 76,716,106,897.29 101,538,072,813.52 91,611,545,040.22 23,821,965,916.23 75.55 TOTAL FUND AVAILABLE C=(A+B) 90,409,560,124.79 108,538,072,813.52 98,611,545,040.22 17,128,512,688.73 83.30 80 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 VARIANCE ON FINAL ACTUAL AMOUNT FINAL BUDGET INITIAL BUDGET BUDGET PERFORMANCE ₦ ₦ ₦ ₦ ₦ A B C D=A-B A/B% PAYMENTS Salaries and Wages 18,450,740,807.59 22,914,272,547.31 20,172,717,614.91 4,463,531,739.72 80.52 Allowances (Non Regular) 426,511,101.47 812,479,644.49 812,479,644.49 385,968,543.02 52.49 Social Contributions 108,000,000.00 250,000,000.00 200,000,000.00 142,000,000.00 43.20 Social Benefits 5,271,939,900.09 6,150,048,060.09 4,150,048,060.09 878,108,160.00 85.72 Overhead Cost 2,615,456,299.78 3,608,742,881.90 3,044,892,881.73 993,286,582.12 72.48 Transfer to Other Fund 12,356,054,098.72 12,186,459,903.49 10,809,337,062.76 (169,594,195.23) 101.39 Subvention/Grants/Contributions 14,595,378,328.10 16,859,086,947.43 15,320,086,947.43 2,263,708,619.33 86.57 Expenditure Financed by Aids & Grants 54,468,950.00 - (54,468,950.00) - Transfer to Other Governmnet Entities - - - - Purchase/Construction of Assets 11,966,138,376.61 33,734,118,870.41 32,079,118,870.41 21,767,980,493.80 35.47 Public Debt Charges 5,325,311,802.76 - - Foreign Loan Repayments 423,196,344.28 12,022,863,958.40 12,022,863,958.40 (590,770,342.12) 104.91 Domestic Loan Repayments 6,865,126,153.48 - - - TOTAL PAYMENTS 78,458,322,162.88 108,538,072,813.52 98,611,545,040.22 30,079,750,650.64 72.29 NET RECEIPTS 11,951,237,961.91 - - (12,951,237,961.91) - NOTE: The Statement of Comparison of Budget and Actual Amount above is prepared on Cash Basis same as Budget. 81 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 1: STATUTORY ALLOCATION (FAAC) MONTH 2018 2017 DEDUCTION AT DEDUCTION AT NET RECEIPT SOURCE TOTAL NET RECEIPT SOURCE TOTAL ₦ ₦ ₦ ₦ ₦ ₦ JANUARY 2,038,318,678.80 969,795,217.11 3,008,113,895.91 280,973,347.42 983,898,524.41 1,264,871,871.83 FEBRUARY 1,966,809,002.78 1,015,534,534.02 2,982,343,536.80 535,193,414.15 1,057,738,417.60 1,592,931,831.75 MARCH 2,106,157,181.11 974,444,490.48 3,080,601,671.59 389,613,321.63 1,016,625,917.60 1,406,239,239.23 APRIL 1,685,294,674.25 974,444,490.48 2,659,739,164.73 615,958,550.73 1,016,625,917.60 1,632,584,468.33 MAY 2,289,077,289.77 1,015,556,990.48 3,304,634,280.25 430,566,186.02 1,057,738,417.60 1,488,304,603.62 JUNE 2,239,962,571.06 974,444,490.48 3,214,407,061.54 749,610,339.39 1,016,625,917.60 1,766,236,256.99 JULY 2,370,489,230.63 974,444,490.48 3,344,933,721.11 2,271,010,249.63 1,016,625,917.60 3,287,636,167.23 AUGUST 2,208,200,221.64 1,018,816,391.94 3,227,016,613.58 1,147,088,868.38 1,023,017,867.53 2,170,106,735.91 SEPTEMBER 2,309,886,189.14 977,703,891.94 3,287,590,081.08 2,134,895,217.27 981,905,367.53 3,116,800,584.80 OCTOBER 2,569,104,304.55 580,507,083.52 3,149,611,388.07 1,398,868,719.47 969,795,217.11 2,368,663,936.58 NOVEMBER 2,779,669,648.61 621,619,583.94 3,401,289,232.55 1,278,821,491.46 1,010,907,717.11 2,289,729,208.57 DECEMBER 2,779,120,929.96 580,507,083.52 3,359,628,013.48 1,998,926,326.11 969,795,217.11 2,968,721,543.22 TOTAL 27,342,089,922.30 10,677,818,738.39 38,019,908,660.69 13,231,526,031.66 12,121,300,416.40 25,352,826,448.06 82 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 2: VALUE ADDED TAX MONTH 2018 2017 DEDUCTION AT DEDUCTION AT NET RECEIPT SOURCE TOTAL NET RECEIPT SOURCE TOTAL ₦ ₦ ₦ ₦ ₦ ₦ JANUARY 780,612,659.12 - 780,612,659.12 735,176,018.03 - 735,176,018.03 FEBRUARY 895,736,065.14 - 895,736,065.14 676,530,618.81 - 676,530,618.81 MARCH 836,737,857.64 - 836,737,857.64 659,226,431.11 - 659,226,431.11 APRIL 779,829,230.07 - 779,829,230.07 739,095,715.55 - 739,095,715.55 MAY 808,362,251.09 - 808,362,251.09 791,134,091.35 - 791,134,091.35 JUNE 895,997,734.04 - 895,997,734.04 745,893,552.08 - 745,893,552.08 JULY 818,538,881.08 - 818,538,881.08 774,962,894.23 - 774,962,894.23 AUGUST 744,109,070.31 - 744,109,070.31 757,897,032.25 - 757,897,032.25 SEPTEMBER 1,084,058,311.41 - 1,084,058,311.41 811,476,185.67 - 811,476,185.67 OCTOBER 751,795,229.83 - 751,795,229.83 767,824,981.74 - 767,824,981.74 NOVEMBER 974,942,623.58 - 974,942,623.58 840,006,740.55 - 840,006,740.55 DECEMBER 843,905,013.13 - 843,905,013.13 759,862,014.27 - 759,862,014.27 TOTAL 10,214,624,926.44 - 10,214,624,926.44 9,059,086,275.64 - 9,059,086,275.64 83 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 3: OTHER STATUTORY ALLOCATION & TRANSFERS (FAAC) RECOVERED EXCESS CRUDE EXCHANGE RATE PARIS (NGF) FOREX EXCESS BANK PARIS CLUB MONTH REFUND GAIN REFUND EQUALIZATION CHARGES REFUND NNPC FUND TOTAL ₦ ₦ ₦ ₦ ₦ ₦ ₦ ₦ JANUARY - 168,649,890.16 - - 12,214,465.67 - - 180,864,355.83 FEBRUARY - - - - - - - - MARCH - - - - 4,123,583.57 - - 4,123,583.57 APRIL - - 400,000,746.00 342,738,062.50 - - - 742,738,808.50 MAY - 2,639,083.42 - - - - 61,770,917.02 64,410,000.44 JUNE - - - - - - - - JULY - - - 135,339,716.52 46,120,016.95 - - 181,459,733.47 AUGUST - 137,183,167.38 - - - - 65,775,879.83 202,959,047.21 SEPTEMBER - 898,372.70 - - - - - 898,372.70 OCTOBER 117,968,648.01 1,523,671.80 - 156,097,517.96 27,738,943.09 - - 303,328,780.86 NOVEMBER - 4,444,980.74 - - - - - 4,444,980.74 DECEMBER - 5,983,272.48 - 383,692,632.36 - 3,934,272,411.44 - 4,323,948,316.28 TOTAL 117,968,648.01 321,322,438.68 400,000,746.00 1,017,867,929.34 90,197,009.28 3,934,272,411.44 127,546,796.85 6,009,175,979.60 84 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 4: FACILITIES REPAYMENT; DEDUCTION AT SOURCE (FAAC) RESTRUCTURING CONTRACTUAL BOND ISSUANCE OF COMM. BANK EXCESS CRUDE MONTH OBLIGATION FOREIGN LOAN NUWSR PROJECT PROGRAMME 2 LOAN FG BAIL OUT LOAN TOTAL ₦ ₦ ₦ ₦ ₦ ₦ ₦ ₦ JANUARY 397,196,808.00 45,608,594.70 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 969,795,217.11 FEBRUARY 397,196,808.00 50,235,411.61 41,112,500.00 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 1,015,534,534.02 MARCH 397,196,808.00 50,257,868.07 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 974,444,490.48 APRIL 397,196,808.00 50,257,868.07 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 974,444,490.48 MAY 397,196,808.00 50,257,868.07 41,112,500.00 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 1,015,556,990.48 JUNE 397,196,808.00 50,257,868.07 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 974,444,490.48 JULY 397,196,808.00 50,257,868.07 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 974,444,490.48 AUGUST 397,196,808.00 53,517,269.11 41,112,500.00 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 1,018,816,391.52 SEPTEMBER 397,196,808.00 53,517,269.11 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 977,703,891.52 OCTOBER - 53,517,269.11 - 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 580,507,083.52 NOVEMBER - 53,517,269.11 41,112,500.00 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 621,619,583.52 DECEMBER - 53,517,269.11 102,458,000.01 248,153,651.78 86,405,567.03 89,972,595.59 580,507,083.52 TOTAL 3,574,771,272.00 614,719,692.21 164,450,000.00 1,229,496,000.12 2,977,843,821.36 1,036,866,804.36 1,079,671,147.08 10,677,818,737.13 85 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 5A: INTERNALY GENERATED REVENUE (IGR) ECONOMIC CODE HEAD DETAILS ACTUAL BUDGET VARIANCE ₦ ₦ ₦ TAX REVENUE 1201 401 Taxes: 12010101 Pay AsYou Earn 4,193,406,349.50 3,980,198,948.48 (213,207,401.02) 12010112 Direct Assessment 163,583,025.97 350,000,000.00 186,416,974.03 12010106 Development Levy 21,941,922.74 110,217,012.07 88,275,089.33 12010106 Ekiti Comm Dev. Levy (TREASURY) 79,337,887.67 - (79,337,887.67) 12010107 Capital Gains Tax 166,803.80 150,000.00 (16,803.80) 12010110 Withholding Tax 261,827,810.78 321,336,926.38 59,509,115.60 Tax Audit 79,582,914.86 (79,582,914.86) TOTAL TAX REVENUE 4,799,846,715.32 4,761,902,886.93 (37,943,828.39) 1202 NON TAX REVENUE 120204 402 Fees and Fines 1,045,264,627.02 1,951,632,823.82 906,368,196.80 120201 403 Licences 158,264,674.81 152,267,233.60 (5,997,441.21) 120207 404 Earnings and Sales 65,996,569.75 170,266,612.78 104,270,043.03 120208 405 Rent on Govt. Properties 113,825,905.04 23,483,809.67 (90,342,095.37) 120211 406 Government Investment (Dividend) 57,704,169.57 73,087,067.28 15,382,897.71 120213 407 Reimbursement - - - 120212 408 Miscellaneous 1,297,547.98 2,588,501.30 1,290,953.32 120206 Sales of unserviceable assets - - - 409 Parastatals 5,706,954,648.18 5,949,128,966.25 242,174,318.07 TOTAL NON-TAX REVENUE 7,149,308,142.35 8,322,455,014.70 1,173,146,872.35 TOTAL 11,949,154,857.67 13,084,357,901.63 1,135,203,043.96 86 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 5B: DETAILS OF NON-TAX REVENUE (IGR) FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 402 FINE AND FEES 011100100100 GOVERNOR OFFICE ( GAD ) 70111 20,385,012.93 20,385,012.93 011100800100 STATE EMERGENCY MANAGEMENT AGENCY (SEMA) 70111 - 011110100100 BUREAU OF SPECIAL PROJECTS 70111 2,000.00 (2,000.00) 011111300100 GOVERNMENT HOUSE PROTOCOL 70111 1,049,301.76 1,049,301.76 011200300100 HOUSE OF ASSEMBLY 70111 - 011200400100 HOUSE OF ASSEMBLY SERVIE COMMISSION 70111 417,700.26 417,700.26 011101000100 BUREAU OF PUBLIC PROCUREMENT (BPP) 70112 - 014000100100 STATE AUDITOR GENERAL OFFICE 70112 220,000.00 727,239.83 507,239.83 OFFICE OF THE AUDITOR GENERAL FOR LOCAL 014000100300 GOVERNMENT 70112 6,610,601.10 6,610,601.10 022000100100 MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT 70112 35,000.00 104,425.06 69,425.06 022000700100 OFFICE OF THE ACCOUNTANT GENERAL 70112 106,630,112.72 1,000,000.00 (105,630,112.72) 022000800100 INTERNAL REVENUE SERVICE 70112 1,750,000.00 25,000,000.00 23,250,000.00 022000800300 EKITI STATE SIGNAGE AND ADVERTISEMENT (IRS) 70112 901,000.00 18,887,431.70 17,986,431.70 011113200100 INTEGRATION & INTER-GOVERNMENTAL AFFAIRS 70122 - 011103500100 EKITI STATE PENSION COMMISSION 70131 1,165,300.00 2,610,626.62 1,445,326.62 012500500100 OFFICE OF ESTABLISHMENT AND TRAINING 70131 6,922,400.00 8,746,400.00 1,824,000.00 014700100100 CIVIL SERVICE COMMISSION 70131 2,329,750.00 716,375.97 (1,613,374.03) 031801100200 JUDICIAL SERVICE COMMISSION 70131 - 87 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 023800400200 SUSTAINABLE DEVELOPMENT GOALS (SDG) OFFICE 70132 9,961,072.70 9,961,072.70 014800100100 STATE INDEPENDENT ELECTORAL COMMISSION 70160 200.00 (200.00) 032600100100 MINISTRY OF JUSTICE 70160 211,950.00 163,925,387.72 163,713,437.72 031800100100 THE JUDICIARY 70330 250,000.00 250,000.00 MINISTRY OF COMMERCE, INDUSTRIES AND 022200100100 COOPERATIVES 70411 13,424,263.79 22,500,000.00 9,075,736.21 022200100500 EKITI STATE ENTERPRISES DEVELOPMENT AGENCY 70411 - 022200900100 PETROLEUM PRODUCTS CONSUMER PROTECTION UNIT 70411 20,000.00 3,147,905.25 3,127,905.25 022700100200 BUREAU OF PRODUCTIVITY AND EMPOWERMENT 70412 835,400.52 835,400.52 021500100100 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 70421 25,079,900.00 28,790,000.00 3,710,100.00 021500100200 RURAL DEVELOPMENT 70421 - DIRECTORATE OF FARM SETTLEMENT AND PEASANT 021500100300 FARMER DEVELOPMENT 70421 2,500,950.00 15,663,759.70 13,162,809.70 021510900100 FORESTRY DEPARTMENT 70422 514,000.00 27,000,000.00 26,486,000.00 EKITI STATE MINERAL RESOURCES DEVELOPMENT 023305100100 AGENCY 70422 12,150.00 31,327,519.40 31,315,369.40 023100300100 EKITI STATE ELECTRICITY BOARD 70435 322,232.35 322,232.35 023400100100 MINISTRY OF WORKS AND TRANSPORT 70443 3,415,000.00 20,935,524.08 17,520,524.08 023400200100 OFFICE OF SURVEYOR -GENERAL OF THE STATE 70443 17,130,075.00 20,163,759.70 3,033,684.70 022905500100 EKITI STATE TRAFFIC MANAGEMENT AGENCY 70452 4,169,000.00 5,319,483.41 1,150,483.41 MINISTRY OF INFORMATION, YOUTH AND SPORT (CIVIC 012300200100 ORIENTATION) 70460 70,000.00 187,673.72 117,673.72 012300300100 BROADCASTING SERVICE OF EKITI STATE 70460 - 053505300100 EKITI STATE WASTE MANAGEMENT BOARD 70510 1,497,100.00 1,421,253.23 (75,846.77) 88 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 053500100100 MINISTRY OF ENVIRONMENT 70560 3,271,530.00 5,221,253.23 1,949,723.23 053501600100 STATE ENVIRONMENTAL PROTECTION AGENCY 70560 4,845,000.00 7,309,754.53 2,464,754.53 MINISTRY OF LAND, HOUSING AND URBAN 025300100100 DEVELOPMENT 70610 213,352,015.49 478,240,633.41 264,888,617.92 025301000100 STATE HOUSING CORPORATION 70610 - 025305200100 PLANNING PERMIT AGENCY 70610 - 026000100200 LAND SERVICES 70610 - URBAN RENEWAL AGENCY (CAPITAL URBAN 025305600100 DEVELOPMENT AUTHORITY) 70620 1,044,250.65 1,044,250.65 026100100100 MINISTRY OF PUBLIC UTILITIES 70620 5,503,000.00 6,265,503.88 762,503.88 025210200100 EKITI STATE WATER CORPORATION 70630 50,000.00 50,000.00 025210300100 RURAL WATER SUPPLY AND SANITATION AGENCY 70630 1,500,000.00 1,500,000.00 052100100100 MINISTRY OF HEALTH 70721 2,219,700.00 7,831,879.85 5,612,179.85 052110200100 HOSPITAL MANAGEMENT BOARD 70731 35,291,249.60 118,127,318.94 82,836,069.34 052110200100 PRIMARY HEALTH CARE DEVELOPMENT AGENCY 71090 16,200.00 (16,200.00) 052111300100 CENTRAL MEDICAL STORE 70734 - 053905100100 EKITI STATE SPORT COUNCIL 70810 - 023600100100 BUREAU OF TOURISM, ARTS AND CULTURE 70820 118,000.00 1,357,525.84 1,239,525.84 MINISTRY FOR LOCAL GOVERNMENT AND COMMUNITY 0505100100100 DEVELOPMENT 70820 1,272,500.00 3,132,751.94 1,860,251.94 0505100200100 CHIEFTANCY AFFAIRS 70820 1,566,375.97 1,566,375.97 012301300100 GOVERNMENT PRINTING PRESS 70830 678,757.18 678,757.18 051700300100 STATE UNIVERSAL BASIC EDUCATION BOARD 70912 160,000.00 5,265,503.88 5,105,503.88 89 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 051700800100 EKITI STATE LIBRARY BOARD 70960 36,796.30 36,796.30 051705400100 STATE TEACHING SERVICE COMMISSION 70960 - 051705500100 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 70960 850,000.00 3,132,751.94 2,282,751.94 051705500200 AGENCY FOR ADULT AND NON-FORMAL EDUCATION 70960 27,694.35 27,694.35 051705600200 EDUCATION TRUST(ENDOWMENT) FUND 70960 280,828,595.42 361,062,661.64 80,234,066.22 051700100100 MINISTRY OF EDUCATION, SCIENCE ND TECHNOLOGY 70970 309,353,185.00 511,375,323.28 202,022,138.28 MINISTRY OF WOMEN AFFAIRS, GENDER 051400100100 EMPOWERMENT &SOCIAL WELFARE 71090 183,500.00 400,000.00 216,500.00 TOTAL FINE AND FEES 1,045,264,627.02 1,951,632,823.82 906,368,196.80 403 LICENCE 022000800100 INTERNAL REVENUE SERVICE 70112 146,810,674.81 130,000,000.00 (16,810,674.81) 022000700100 OFFICE OF ACCOUNTANT GENERAL 70112 - - 021500100100 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 70421 7,490,000.00 17,168,105.69 9,678,105.69 MINISTRY OF LAND, HOUSING AND URBAN 025300100100 DEVELOPMENT 70610 10,000.00 1,000,000.00 990,000.00 MINISTRY OF WOMEN AFFAIRS, GENDER 051400100100 EMPOWERMENT &SOCIAL WELFARE 71090 3,954,000.00 4,099,127.91 145,127.91 TOTAL LICENCE 158,264,674.81 152,267,233.60 (5,997,441.21) 404 EARNING AND SALES 011200300100 HOUSE OF ASSEMBLY 70111 85,000.00 1,044,250.65 959,250.65 011200400100 HOUSE OF ASSEMBLY SERVICE COMMISSION 70111 145,600.00 (145,600.00) 90 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 022000800100 INTERNAL REVENUE SERVICE 70112 2,500,000.00 8,000,000.00 5,500,000.00 014700100100 CIVIL SERVICE COMMISSION 70131 850,000.00 850,000.00 032600100100 MINISTRY OF JUSTICE 70160 26,000.00 8,500,000.00 8,474,000.00 MINISTRY OF COMMERCE, INDUSTRIES AND 022200100100 COOPERATIVES 70411 477,500.00 3,385,012.93 2,907,512.93 021500100200 RURAL DEVELOPMENT 70421 - 021510900100 FORESTRY DEPARTMENT 70422 37,103,027.64 77,778,642.70 40,675,615.06 023100300100 EKITI STATE ELECTRICITY BOARD 70435 - 023400200100 OFFICE OF SURVEYOR -GENERAL OF THE STATE 70443 198,900.00 500,000.00 301,100.00 MINISTRY OF INFORMATION, YOUTH AND SPORT (CIVIC 012300200100 ORIENTATION) 70460 10,116.78 161,401.40 151,284.62 053505300100 EKITI STATE WASTE MANAGEMENT BOARD 70510 280,000.00 3,800,000.00 3,520,000.00 MINISTRY OF LAND, HOUSING AND URBAN 025300100100 DEVELOPMENT 70610 9,862,944.26 27,000,000.00 17,137,055.74 026000100200 LAND SERVICES 70610 - 025210300100 RURAL WATER SUPPLY AND SANITATION AGENCY 70630 1,312,380.00 1,632,751.94 320,371.94 052110200100 HOSPITAL MANAGEMENT BOARD 70731 2,297,745.72 2,297,745.72 052111300100 CENTRAL MEDICAL STORE 70734 1,321,551.07 4,197,207.05 2,875,655.98 051700300100 STATE UNIVERSAL BASIC EDUCATION BOARD 70912 - 051705400100 STATE TEACHING SERVICE COMMISSION 70960 5,147,250.00 13,575,258.41 8,428,008.41 051705500200 AGENCY FOR ADULT AND NON-FORMAL EDUCATION 70960 184,000.00 625,851.85 441,851.85 051700100100 MINISTRY OF EDUCATION, SCIENCE ND TECHNOLOGY 70970 6,327,700.00 10,750,000.00 4,422,300.00 MINISTRY OF WOMEN AFFAIRS, GENDER 051400100100 EMPOWERMENT &SOCIAL WELFARE 71090 158,000.00 200,000.00 42,000.00 91 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 011111300500 CABINET DEPARTMENT GOV. OFFICE 70111 539,600.00 1,000,975.45 461,375.45 022200100600 MULTI PURPOSE CREDIT AGENCY 70411 313,275.19 313,275.19 021502100200 SCHOOL AGRICULTURE AND ENTERPRISE 70422 14,000.00 1,049,301.76 1,035,301.76 021510200300 SERICULTURE DEVELOPMENT PROJECT 70422 - 023600400200 BUREAU OF TOURISM ART AND CULTURE 70820 160,000.00 522,125.32 362,125.32 011103700100 MUSLIM PILGRIM WELFARE BOARD 70840 11,000.00 1,566,375.97 1,555,375.97 011103800100 CHRISTIAN PILGRIM WELFARE BOARD 70840 132,000.00 472,185.79 340,185.79 COOPERATIVE DEPARTMENT AND COOPERATIVE 051705500300 COLLEGE, IJERO-EKITI 70960 1,044,250.65 1,044,250.65 BEAREAU OF PRODUCTIVITY AND EMPOWERMENT - TOTAL EARNING AND SALES 65,996,569.75 170,266,612.78 104,270,043.03 405 RENT OF GOVERNMENT PROPERTY 022000700100 OFFICE OF THE ACCOUNTANT GENERAL 70112 105,754,510.00 9,483,809.67 (96,270,700.33) 021500100100 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 70421 - 022905500100 EKITI STATE TRAFFIC MANAGEMENT AGENCY 70452 - MINISTRY OF LAND, HOUSING AND URBAN 025300100100 DEVELOPMENT 70610 8,071,395.04 13,000,000.00 4,928,604.96 051700300100 STATE UNIVERSAL BASIC EDUCATION BOARD 70912 1,000,000.00 1,000,000.00 EKITI STATE ROAD MAINTENANCE AGENCY 023400400100 (EKROMA)(PUBLIC WORKS CORPORATION) 70443 - TOTAL RENT OF GOVERNMENT PROPERTY 113,825,905.04 23,483,809.67 (90,342,095.37) 92 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 406 INTEREST AND DIVIDEND 022000800100 INTERNAL REVENUE SERVICE 70112 7,266,000.00 73,087,067.28 65,821,067.28 022000700100 OFFICE OF THE ACCOUNTANT GENERAL 70112 50,438,169.57 (50,438,169.57) MINISTRY OF COMMERCE, INDUSTRIES AND 022200100100 COOPERATIVES 70411 - - 021500100200 RURAL DEVELOPMENT 70421 - TOTAL INTEREST AND DIVIDEND 57,704,169.57 73,087,067.28 15,382,897.71 408 MISCELLANEOUS 011100100100 GOVERNOR OFFICE ( GAD ) 70111 8,847.98 500,000.00 491,152.02 022000700100 OFFICE OF THE ACCOUNTANT GENERAL 70112 - 011102100100 EKITI STATE LIAISON OFFICE -LAGOS 70133 444,600.00 1,044,250.65 599,650.65 011102100200 EKITI STATE LIAISON OFFICE -ABUJA 70133 844,100.00 1,044,250.65 200,150.65 TOTAL MISCELLANEOUS 1,297,547.98 2,588,501.30 1,290,953.32 409 PARASTATALS 031801100200 JUDICIAL SERVICE COMMISSION 70131 1,742,060.00 2,668,310.00 926,250.00 031800100100 THE JUDICIARY 70330 12,629,589.50 21,112,253.57 8,482,664.07 023100300100 EKITI STATE ELECTRICITY BOARD 70435 196,700.00 202,418.54 5,718.54 012300300100 BROADCASTING SERVICE OF EKITI STATE 70460 38,683,681.00 108,868,086.10 70,184,405.10 025301000100 STATE HOUSING CORPORATION 70610 34,841,744.42 135,752,584.05 100,910,839.63 93 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 FUNCTIONAL ADMIN CODE MDAs CODE ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 025210200100 EKITI STATE WATER CORPORATION 70630 6,159,223.95 10,245,810.57 4,086,586.62 053905100100 EKITI STATE SPORT COUNCIL 70810 1,142,000.00 1,044,250.65 (97,749.35) 051700800100 EKITI STATE LIBRARY BOARD 70960 88,000.00 419,328.52 331,328.52 021511000100 FOUNTAIN AGRIC MARKETING AGENCY 70421 628,788.00 1,056,564.37 427,776.37 021510200100 AGRICULTURAL DEVELOPMENT PROJECT 70422 84,000.00 749,301.76 665,301.76 052102600100 EKITI STATE UNIVERSITY TEACHING HOSPITAL 70731 603,638,941.00 700,000,000.00 96,361,059.00 052110600100 COLLEGE OF HEALTH TECHNOLOGY 70734 186,628,280.31 200,227,478.69 13,599,198.38 051701800100 COLLEGE OF EDUCATION - IKERE EKITI 70941 634,279,344.00 955,657,315.31 321,377,971.31 051702100100 EKITI STATE UNIVERSITY 70942 4,186,212,296.00 3,811,125,264.12 (375,087,031.88) TOTAL PARASTATALS 5,706,954,648.18 5,949,128,966.25 242,174,318.07 TOTAL NON TAX REVENUE 7,149,308,142.35 8,322,455,014.70 1,173,146,872.35 94 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 6: INTREST EARNED, INVESTMENT INCOME AND OTHER REVENUE 2018 S/NO DETAILS ACTUAL BUDGET VARIANCE ₦ ₦ ₦ INVESTMENT INCOME - - - INTEREST EARNED - - - OTHER REVENUE: 1 BAIL OUT REPAYMENT BY JAAC 94,369,459.44 - (94,369,459.44) 2 SALARY REFUND 42,407,513.55 - (42,407,513.55) 3 REFUND BY MDAs 109,945,408.82 - (109,945,408.82) TOTAL 246,722,381.81 - (246,722,381.81) NOTE 7: AIDS AND GRANTS 2018 S/NO MDAs/DONORS ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 1 MINISTRY OF EDUCATION (UNICEF) 2,910,560.00 3 PRIMARY HEALTH CARE DEVELOPMENT AGENCY (UNICEF) 51,558,390.00 TOTAL 54,468,950.00 - - NOTE 8: TRANSFER FROM LOCAL GOVERNMENTS 2018 S/NO DETAILS ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 1 SOCIAL CONTRIBUTION BY JAAC 225,000,000.00 300,000,000.00 75,000,000.00 TOTAL 225,000,000.00 300,000,000.00 75,000,000.00 95 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 9: SALARIES AND WAGES S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ ADMINISTRATIVE SECTOR 1 11100100100 459-0400 GOVERNOR OFFICE ( GAD ) 111,208,941.32 146,922,354.30 35,713,412.98 2 011100100200 459-1500 OFFICE OF THE DEPUTY GOVERNOR 40,816,096.93 54,968,843.39 14,152,746.46 3 011100300100 459-5400 EKITI STATE BOUNDARY COMMISSION 8,062,914.70 15,276,507.75 7,213,593.05 4 011100800100 458-1200 STATE EMERGENCY MANAGEMENT AGENCY 15,003,070.79 16,017,042.77 1,013,971.98 5 011101300200 459-5100 POLITICAL AND ECONOMIC AFFAIRS DEPARTMENT. 54,863,577.60 43,048,788.35 (11,814,789.25) 6 011101300200 459-5102 POLITICAL APPOINTEES (P&E) 517,362,863.74 851,641,200.57 334,278,336.83 7 011102100100 459-0900 EKITI STATE LIAISON OFFICE -LAGOS 7,578,136.37 15,525,044.71 7,946,908.34 8 011102100200 459-1000 EKITI STATE LIAISON OFFICE -ABUJA 10,431,570.18 15,945,744.45 5,514,174.27 9 011103700100 459-1900 MUSLIM PILGRIM WELFARE BOARD 8,697,851.92 17,206,254.41 8,508,402.49 10 011103800100 459-1800 CHRISTIAN PILGRIM WELFARE BOARD 12,924,761.69 19,393,964.70 6,469,203.01 11 011104400100 458-1100 MINISTRY OF SPECIAL DUTIES - 89,559.86 89,559.86 12 011111300100 459-1600 GOVERNMENT HOUSE AND PROTOCOL 126,928,523.71 164,956,503.92 38,027,980.21 13 011111300500 459-3000 CABINET DEPARTMENT GOV. OFFICE 33,055,393.31 49,726,623.59 16,671,230.28 14 011113200100 459-2000 INTEGRATION & INTER-GOVERNMENTAL AFFAIRS 3,983,692.10 18,338,382.48 14,354,690.38 15 011200300100 459-2100 HOUSE OF ASSEMBLY 369,170,659.03 486,770,123.80 117,599,464.77 MINISTRY OFINFORMATION, YOUTH AND SPORTS 16 012300100100 457-0100 DEVELOPMENT 100,070,103.81 120,965,562.93 20,895,459.12 17 012300300100 457-0200 BROADCASTING SERVICE OF EKITI STATE 177,680,418.25 194,793,745.32 17,113,327.07 18 012500500100 459-2300 OFFICE OF ESTABLISHMENT AND TRAINING 83,853,132.46 100,000,000.00 16,146,867.54 19 014000100100 459-2800 STATE AUDITOR GENERAL OFFICE 79,249,648.74 97,606,936.31 18,357,287.57 20 014000100100 459-2900 AUDITOR GENERAL FOR LOCAL GOVT. 39,441,358.35 61845153.58 22,403,795.23 96 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 21 014700100100 459-3900 CIVIL SERVICE COMMISSION 41,402,317.78 55,883,386.10 14,481,068.32 22 014700300100 459-2700 EKITI STATE LOCAL GOVERNMENT SERVICE COMMISSION 1,162,485.34 1,215,152.04 52,666.70 23 014800100100 459-4100 STATE INDEPENDENT ELECTORAL COMMISSION 62,354,736.66 77,162,154.50 14,807,417.84 TOTAL ADMINISTRATIVE SECTOR 1,905,302,254.78 2,625,299,029.83 719,996,775.05 ECONOMIC SECTOR 24 021500100100 451-0100 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 405,968,032.35 486,162,753.98 80,194,721.63 25 021502100200 455-0200 SCHOOL AGRICULTURE AND ENTERPRISE 7,842,189.33 19,999,603.54 12,157,414.21 26 021510200100 451-0500 AGRICULTURAL DEVELOPMENT PROJECT 159,350,996.94 194,938,383.73 35,587,386.79 27 021511000100 451-0300 FOUNTAIN AGRIC MARKETING AGENCY 22,663,417.93 33,052,135.47 10,388,717.54 28 022000100100 453-0400 MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT 207,019,449.27 267,874,200.49 60,854,751.22 29 022000800100 459-3800 INTERNAL REVENUE SERVICE 167,246,578.15 206,741,931.00 39,495,352.85 30 022000800300 459-0800 EKITI STATE SIGNAGE AND ADVERTISEMENT (IRS) 317,314.61 2,445,047.19 2,127,732.58 31 022200100100 452-0100 MINISTRY OF COMMERCE, INDUSTRIES AND COOPERATIVES 173,660,069.80 222,127,017.92 48,466,948.12 32 022200100600 454-0300 MULTI PURPOSE CREDIT AGENCY 31,300,755.57 37,662,940.85 6,362,185.28 33 022700500100 454-0200 JOB CREATION AND EMPLOYMENT AGENCY 9,821,312.55 12,046,136.78 2,224,824.23 34 023100300100 454-0600 EKITI STATE ELECTRICITY BOARD 64,989,797.56 82,630,338.68 17,640,541.12 35 023400100100 454-1000 MINISTRY OF WORKS AND TRANSPORT 262,977,191.65 317,106,326.23 54,129,134.58 36 023400200100 458-0500 OFFICE OF SURVEYOR -GENERAL OF THE STATE 23,738,247.39 32,140,950.04 8,402,702.65 EKITI STATE ROAD MAINTENMENT AGENCY (EKROMA)(PUBLIC 37 023400400100 454-1400 WORKS CORPORATION) 18,722,382.86 24,363,642.79 5,641,259.93 38 023600400200 453-0100 BUREAU OF TOURISM ART AND CULTURE 62,250,942.42 94,256,913.39 32,005,970.97 39 023800100100 459-3100 MINISTRY OF BUDGET AND ECONOMIC PLANNING 68,323,774.51 93,500,258.52 25,176,484.01 40 023800400100 459-3200 BUREAU OF STATISTICS 24,221,617.12 36,590,538.64 12,368,921.52 97 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 41 025210200100 454-0800 EKITI STATE WATER CORPORATION 291,524,002.84 352,394,091.41 60,870,088.57 42 025210300100 454-0900 RURAL WATER SUPPLY AND SANITATION AGENCY 29,777,371.10 39,196,982.83 9,419,611.73 43 025300100100 458-0100 MINISTRY OF LAND, HOUSING AND URBAN DEVELOPMENT 85,067,224.60 136,011,329.50 50,944,104.90 44 025301000100 458-0200 STATE HOUSING CORPORATION 78,447,425.41 106,933,379.46 28,485,954.05 45 025305600100 458-0600 URBAN RENEWAL AGENCY 7,473,352.35 15,140,161.32 7,666,808.97 46 026100100100 454-0500 MINISTRY OF PUBLIC UTILITIES 52,844,893.76 67,359,694.93 14,514,801.17 TOTAL ECONOMICS SECTOR 2,255,548,340.07 2,880,674,758.69 625,126,418.62 LAW AND JUSTICE SECTOR 47 032600100100 459-0100 MINISTRY OF JUSTICE 171,405,940.68 195,110,675.59 23,704,734.91 TOTAL LAW AND JUSTICE SECTOR 171,405,940.68 195,110,675.59 23,704,734.91 REGIONAL SECTOR - 195,110,675.59 195,110,675.59 TOTAL REGIONAL SECTOR SOCIAL SECTOR MINISTRY OF WOMEN AFFAIRS, GENDER EMPOWERMENT 48 051400100100 457-0600 &SOCIAL WELFARE 79,215,872.01 148,416,854.42 69,200,982.41 49 051700100100 455-0100 MINISTRY OF EDUCATION, SCIENCE AND TECHNOLOGY 487,850,594.83 684,394,410.66 196,543,815.83 50 051700100100 455-0110 SEPIP (MINISTRY OF EDUCATION) - 51 051700300100 455-0400 STATE UNIVERSAL BASIC EDUCATION BOARD 352,647,156.98 413,151,693.38 60,504,536.40 52 051700800100 455-0800 EKITI STATE LIBRARY BOARD 11,688,174.45 22,733,344.87 11,045,170.42 53 051702600000 455-1300 NON-TEACHING STAFF (TSC) HQ 135,853,450.28 250,002,392.38 114,148,942.10 STATE TEACHING SERVICE COMMISSION (SECONDARY SCHOOL 54 051705400100 455-0700 TEACHERS) 8,012,613,411.06 10,373,789,428.89 2,361,176,017.83 55 051705500100 455-0500 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 85,964,713.93 121,822,874.60 35,858,160.67 56 051705500200 455-0600 AGENCY FOR ADULT AND NON-FORMAL EDUCATION 38,545,712.90 57,698,059.11 19,152,346.21 98 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 57 051705600100 455-0300 STATE SCHOLARSHIP BOARD 14,044,366.99 20,150,607.26 6,106,240.27 58 051705600200 455-0900 EDUCATION TRUST(ENDOWMENT) FUND 15,335,924.03 20,663,026.03 5,327,102.00 59 052100100100 456-0100 MINISTRY OF HEALTH 286,622,551.62 350,831,773.53 64,209,221.91 60 052100300100 456-0400 PRIMARY HEALTHCARE DEVELOPMENT AGENCY 16,975,668.60 25,653,967.64 8,678,299.04 61 052110200100 456-0600 HOSPITAL MANAGEMENT BOARD 2,300,510,535.88 2,804,248,066.63 503,737,530.75 62 052111300100 456-0500 CENTRAL MEDICAL STORE 17,749,672.95 18,324,172.63 574,499.68 63 053500100100 458-0700 MINISTRY OF ENVIRONMENT 149,994,405.52 170,011,280.10 20,016,874.58 64 053501600100 458-0900 STATE ENVIRONMENTAL PROTECTION AGENCY 14,123,291.62 27,582,287.19 13,458,995.57 65 053505300100 458-1000 EKITI STATE WASTE MANAGEMENT BOARD 20,521,400.76 27,150,951.11 6,629,550.35 66 053905100100 457-0500 EKITI STATE SPORT COUNCIL 52,855,328.12 78,480,056.59 25,624,728.47 MINISTRY FOR LOCAL GOVERNMENT, COMMUNITY 67 0505100100100 459-1300 DEVELOPMENT AND CHIEFTANCY AFFAIRS-STATE 58,278,429.54 84,367,426.29 26,088,996.75 TOTAL SOCIAL SECTOR 12,151,390,662.07 15,699,472,673.31 3,548,082,011.24 PERSONEL COST SUMMARY ADMINISTRATION SECTOR 1,905,302,254.78 2,625,299,029.83 719,996,775.05 ECONOMIC SECTOR 2,255,548,340.07 2,880,674,758.69 625,126,418.62 LAW AND JUSTICE SECTOR 171,405,940.68 195,110,675.59 23,704,734.91 REGIONAL SECTOR - - - SOCIAL SECTOR 12,151,390,662.07 15,699,472,673.31 3,548,082,011.24 TOTAL (A) 16,483,647,197.60 21,400,557,137.42 4,916,909,939.82 CORPERS ALLOWANCE 37,582,160.70 52,474,134.44 14,891,973.74 99 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ REPATRIATION 2,461,879.77 15,314,221.42 12,852,341.65 LOCUM / INTERN 972,121.63 972,121.63 LEAVE BONUS (2016) 714,977,466.20 1,444,954,932.40 729,977,466.20 STATE HEALTH INSURANCE SCHEME (SHIS) - - CHRISTMAS BONUS - - TOTAL (B) 755,021,506.67 1,513,715,409.89 758,693,903.22 GRAND TOTAL (A+B) 17,238,668,704.27 22,914,272,547.31 5,675,603,843.04 NOTE 9B: RURAL AND CORE SUBJECT ALLOWANCE FOR TEACHERS 1 051700100100 455-0110 SEPIP (MINISTRY OF EDUCATION) 4,145,247.73 22,303,040.79 18,157,793.06 2 051700300100 455-0410 SEPIP (SUBEB) 108,158,543.81 203,744,932.94 95,586,389.13 3 051705400100 455-0710 SEPIP (TSC) 313,172,383.28 584,431,670.76 271,259,287.48 4 051705500100 455-0510 SEPIP (BTVE) 1,034,926.65 2,000,000.00 965,073.35 TOTAL 426,511,101.47 812,479,644.49 385,968,543.02 NOTE 9C: SOCIAL CONTRIBUTIONS 5% CONTRIBUTION TO REDEEMABLE RETIREMENT FUND 1 430014 ACCOUNT 100,000,000.00 100,000,000.00 2 434016 10% CONTRIBUTION TO RETIREMENT SAVINGS FUND ACCOUNT 122,395,929.76 150,000,000.00 27,604,070.24 TOTAL 122,395,929.76 250,000,000.00 127,604,070.24 100 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 9D: PERSONNEL ANALYSIS MONTH CIVIL SERVAT SECONADRY SCHOOLS TEACHERS POLITICAL APPOINTEES TOTAL NUMBER AMOUNT (N) NUMBER AMOUNT (N) NUMBER AMOUNT (N) NUMBER AMOUNT (N) JANUARY 10706 678,850,963.67 9356 682,623,711.31 136 64,561,248.37 20198 1,426,035,923.35 FEBRUARY 10767 681,618,233.30 9341 679,889,310.45 136 64,307,118.15 20244 1,425,814,661.90 MARCH 10751 694,053,733.55 9322 676,535,139.15 133 51,224,381.74 20206 1,421,813,254.44 APRIL 10732 686,315,181.49 9291 672,660,377.82 132 51,194,348.25 20155 1,410,169,907.56 MAY 10708 672,098,576.54 9268 670,654,500.39 131 62,229,780.36 20107 1,404,982,857.29 JUNE 10205 647,460,554.99 9238 665,941,651.00 69 29,771,166.47 19512 1,343,173,372.46 JULY 10190 653,898,648.88 9219 670,629,484.23 67 28,983,700.07 19476 1,353,511,833.18 AUGUST 10164 645,378,889.78 9197 667,080,995.51 67 28,983,700.07 19428 1,341,443,585.36 SEPTEMBER 10134 642,857,714.27 9174 660,546,367.08 67 28,983,700.07 19375 1,332,387,781.42 OCTOBER 10109 640,980,221.81 9120 656,751,139.28 68 28,926,005.58 19297 1,326,657,366.67 NOVEMBER 10157 673,839,250.94 9101 654,932,137.09 91 28,621,741.72 19349 1,357,393,129.75 DECEMBER 10123 645,318,953.57 9083 654,368,597.75 96 40,575,972.88 19302 1,340,263,524.20 TOTAL 7,962,670,922.79 8,012,613,411.06 508,362,863.73 16,483,647,197.58 101 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 10: SOCIAL BENEFITS 2018 2017 HEAD DETALS ACTUAL BUDGET VARIANCE ACTUAL ₦ ₦ ₦ ₦ 434001 PENSION 4,728,073,542.25 5,100,000,000.00 371,926,457.75 4,347,945,875.15 434002 GRATUITY 2,765,021,112.11 1,000,000,000.00 (1,765,021,112.11) 1,782,760,544.41 PENSION/MAINTENANCE FOR PAST POLITICAL 434017 OFFICE HOLDERS (GOVS. & DEP. GOVS.) - 50,048,060.09 50,048,060.09 - TOTAL 7,493,094,654.36 6,150,048,060.09 (1,343,046,594.27) 6,130,706,419.56 NOTE 11: PUBLIC DEBT CHARGES 2018 2017 HEAD DETALS ACTUAL BUDGET VARIANCE ACTUAL ₦ ₦ ₦ ₦ 434003 LEGAL CHARGES 65,000,000.00 550,000,000.00 485,000,000.00 60,550,000.00 434003 FORENSIC CONSULTANCY 236,210,068.33 11,472,863,958.40 6,597,354,321.84 434005 FOREIGN LOAN INTEREST CHARGES 191,523,347.93 434005 DOMESTIC LOAN INTEREST CHARGES 4,639,299,568.23 7,028,430,295.39 TOTAL 5,132,032,984.49 12,022,863,958.40 7,082,354,321.84 7,088,980,295.39 102 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 13: OVERHEAD COST (BY SECTORS) S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ ADMINISTRATIVE SECTOR 1 011100100100 459-0400 GOVERNOR OFFICE ( GAD ) 17,879,919.96 20,000,000.00 2,120,080.04 2 011100100101 459-1001 EKITI STATE GOVERNORS LODGE, ABUJA 2,640,000.00 7,937,277.06 5,297,277.06 3 011100100200 459-1500 OFFICE OF THE DEPUTY GOVERNOR 133,254,682.00 147,406,574.05 14,151,892.05 4 011100100201 459-1002 EKITI STATE DEPUTY GOVERNORS LODGE, ABUJA 1,200,000.00 3,401,690.17 2,201,690.17 5 011100200101 459-1606 OFFICE OF THE SPECIAL ADVISER GOVERNORS OFFICE (GH&P) - 2,535,586.89 2,535,586.89 6 011100200118 459-0410 OFFICE OF PRIVATE SECRETARY TO GOVERNOR (GH&P) - 1,020,507.05 1,020,507.05 7 011100300100 459-5400 EKITI STATE BOUNDARY COMMISSION 1,100,000.00 2,551,267.63 1,451,267.63 8 011100300200 459-5901 BOUNDARY TECHNICAL COMMITTEE(D-GOV) - 5,669,483.62 5,669,483.62 9 011100800100 458-1200 STATE EMERGENCY MANAGEMENT AGENCY (SEMA) 600,000.00 1,700,845.09 1,100,845.09 10 011101000100 459-0700 BUREAU OF PUBLIC PROCUREMENT (BPP) 2,150,000.00 5,303,380.34 3,153,380.34 11 011101000200 459-3108 STATE PROJECTS MONITORING AND EVALUATION OFFICE 1,100,000.00 4,000,000.00 2,900,000.00 12 011101000300 459-5902 PROJECT EVALUATION COMMITTEE 825,000.00 1,700,845.09 875,845.09 13 011101000400 459-3300 PROJECT MONITORING COMMITTEE 2,200,000.00 3,500,000.00 1,300,000.00 14 011101300100 459-0500 SECRETARY TO THE STATE GOVERNMENT (SSG) 15,693,600.00 20,000,000.00 4,306,400.00 15 011101300200 459-5100 POLITICAL AND ECONOMIC AFFAIRS DEPARTMENT. 3,840,000.00 6,803,380.34 2,963,380.34 16 011101300300 459-5107 ECONOMIC AND PARASTATALS (P & E) 1,200,000.00 1,632,811.28 432,811.28 17 011101300400 459-1200 POLITICAL AND INTER-PARTY AFFAIRS (P & E) 1,200,000.00 3,551,267.63 2,351,267.63 18 011101300700 459-5101 NIREC (P & E) 1,050,000.00 2,041,014.10 991,014.10 19 011102000100 459-5000 EKITI STATE STOMACH INFRASTRUCTURE AGENCY 800,000.00 5,669,483.62 4,869,483.62 20 011102100100 459-0900 EKITI STATE LIAISON OFFICE -LAGOS 5,720,000.00 10,123,042.31 4,403,042.31 21 011102100200 459-1000 EKITI STATE LIAISON OFFICE -ABUJA 14,366,760.00 17,455,049.56 3,088,289.56 103 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 22 011102100300 459-1100 EKITI STATE LIAISON OFFICE -AKURE 240,000.00 3,000,000.00 2,760,000.00 23 011103400200 459-4500 BUREAU OF TRANSFORMATION AND STRATEGY 5,500,000.00 8,633,295.83 3,133,295.83 24 011103500100 459-2600 EKITI STATE PENSION COMMISSION/BOARD 17,600,000.00 18,000,000.00 400,000.00 25 011103500100 459-2600 EKITI STATE PENSION COMMISSION (ACTUARIAL VALUATION) - 50,000,000.00 50,000,000.00 26 011103700100 459-1900 MUSLIM PILGRIM WELFARE BOARD 440,000.00 2,000,000.00 1,560,000.00 27 011103800100 459-1800 CHRISTIAN PILGRIM WELFARE BOARD 400,000.00 2,000,000.00 1,600,000.00 28 011104800100 459-0101 EKITI STATE CITIZENS RIGHTS 400,000.00 1,000,000.00 600,000.00 29 011110500100 459-1700 OFFICE OF THE CHIEF OF STAFF 2,620,359.96 3,500,000.00 879,640.04 30 011110500101 459-3902 APPOINTMENT DEPARTMENT (CSC) 1,200,000.00 1,800,000.00 600,000.00 31 011111100100 452-0200 PUBLIC-PRIVATE PARTNERSHIP 700,000.00 1,530,760.58 830,760.58 32 011111300100 459-1600 GOVERNMENT HOUSE PROTOCOL 1,067,450,000.00 1,500,000,000.00 432,550,000.00 33 011111300400 459-1614 MAINTENANCE OF GOVERNORS LODGE - 3,061,521.15 3,061,521.15 34 011111300500 459-3001 MAINTENANCE OF EXCO CHAMBERS 2,784,800.00 3,061,521.15 276,721.15 35 011111300500 459-3000 CABINET DEPARTMENT GOV. OFFICE 14,641,000.00 16,328,112.82 1,687,112.82 36 011111400100 459-1609 CHIEF PRESS SECRETARY/ SA MEDIA 1,824,000.00 7,000,000.00 5,176,000.00 37 011113200100 459-2000 INTEGRATION & INTER-GOVERNMENTAL AFFAIRS 3,600,000.00 4,401,690.17 801,690.17 38 011200300100 459-2100 HOUSE OF ASSEMBLY 507,400,000.00 550,000,000.00 42,600,000.00 39 011200400100 459-2200 HOUSE OF ASSEMBLY SERVIE COMMISSION 6,000,000.00 17,000,000.00 11,000,000.00 40 12300100100 457-0102 MINISTRY OF INFORMATION, YOUTH AND SPORT (CIVIC ORIENTATION) 4,400,000.00 6,803,380.34 2,403,380.34 41 012300300100 457-0200 BROADCASTING SERVICE OF EKITI STATE 40,588,842.94 3,000,000.00 (37,588,842.94) 42 012301300100 457-0300 GOVERNMENT PRINTING PRESS - 1,500,000.00 1,500,000.00 43 012400700100 458-1102 EKITI STATE FIRE SERVICE 2,200,000.00 4,803,380.34 2,603,380.34 44 012500100100 459-0600 OFFICE OF THE HEAD OF SERVICE 10,200,000.00 20,000,000.00 9,800,000.00 104 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 45 012500100200 459-3901 PERSONNEL DEPARTMENT (CSC) 1,200,000.00 1,800,000.00 600,000.00 46 012500500100 459-2300 OFFICE OF ESTABLISHMENT AND TRAINING 98,513,200.00 150,000,000.00 51,486,800.00 47 012500500200 459-2302 ESTABLISHMENT AND MANAGEMENT SERVICES DEPT. (ESTABS) 2,000,000.00 3,000,000.00 1,000,000.00 48 012500500300 459-2304 PENSIONS DEPARTMENT (ESTABS) 840,000.00 2,500,000.00 1,660,000.00 49 012500500400 459-2305 STAFF MATTERS AND INDUSTRIAL RELATIONS DEPARTMENT (ESTABS) 1,000,000.00 2,500,000.00 1,500,000.00 50 012500500500 459-2306 TRAINING AND MANPOWER DEPARTMENT (ESTABS) 1,000,000.00 3,500,000.00 2,500,000.00 51 012500500600 459-2400 STAFF DEVELOPMENT CENTRE (ESTABS) 1,000,000.00 6,000,000.00 5,000,000.00 52 012500500700 459-2500 STAFF HOUSING LOANS BOARD (ESTABS) 550,000.00 1,700,000.00 1,150,000.00 PEER REVIEW FORUM FOR HEAD OF SERVICE AND PERMANENT 53 012500500800 459-2307 SECRETARIES (ESTABS) 3,000,000.00 5,000,000.00 2,000,000.00 54 012500600100 459-0601 PUBLIC SERVICE COORDINATING UNIT (HOS) 2,280,000.00 3,061,521.15 781,521.15 55 014000100100 459-2800 STATE AUDITOR GENERAL OFFICE 10,950,000.00 13,606,760.68 2,656,760.68 56 014000100300 459-2805 AUDITING OF ALL SECONDARY SCHOOL 3,600,000.00 6,000,000.00 2,400,000.00 57 014000100300 459-2900 OFFICE OF THE AUDITOR GENERAL FOR LOCAL GOVERNMENT 7,250,000.00 8,338,967.23 1,088,967.23 58 014700100100 459-3900 CIVIL SERVICE COMMISSION 16,000,000.00 22,088,450.85 6,088,450.85 59 014700200100 459-4600 CIVIL SERVICE TRANSFORMATION 1,540,000.00 2,551,267.63 1,011,267.63 60 014700300100 459-2700 EKITI STATE LOCAL GOVERNMENT SERVICE COMMISSION - - - 61 014000100200 459-2803 MONITORING AND SPECIAL AUDIT DEPARTMENT 1,300,000.00 2,000,000.00 700,000.00 62 011103500200 459-2601 PENSION TRANSITION ARRANGEMENT DEPARTMENT (PTAD) 2,860,000.00 8,000,000.00 5,140,000.00 63 022700600200 459-5601 HUMAN CAPITAL DEVELOPMENT 500,000.00 2,000,000.00 1,500,000.00 64 011101000101 459 -070 SUPERVISION AND MONITORING OF PROJECT (BPP) 3,300,000.00 5,500,000.00 2,200,000.00 65 014800100100 459-4100 STATE INDEPENDENT ELECTORAL COMMISSION 11,000,000.00 14,000,000.00 3,000,000.00 TOTAL ADMINISTRATIVE SECTOR 2,066,692,164.86 2,765,574,135.75 698,881,970.89 ECONOMIC SECTOR 105 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 66 021500100100 451-0100 MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT 4,362,500.00 8,000,000.00 3,637,500.00 67 021500100200 451-1100 RURAL DEVELOPMENT 1,772,000.00 3,968,638.53 2,196,638.53 DIRECTORATE OF FARM SETTLEMENT AND PEASANT FARMER 68 021500100300 451-0200 DEVELOPMENT 600,000.00 2,834,741.81 2,234,741.81 69 021502100200 455-0200 SCHOOL AGRICULTURE AND ENTERPRISE 600,000.00 1,524,608.46 924,608.46 70 021510200100 451-0500 AGRICULTURAL DEVELOPMENT PROJECT 5,635,000.00 7,000,000.00 1,365,000.00 71 021510200200 451-0600 FADAMA PROJECT 450,000.00 2,000,000.00 1,550,000.00 72 021510200400 459-5900 STATE COMMITTEE ON FOOD AND NUTRITION (UNICEF ASSISTED) 550,000.00 5,653,802.88 5,103,802.88 73 021510900100 458-0800 FORESTRY DEPARTMENT 320,000.00 2,000,000.00 1,680,000.00 74 021511000100 451-0300 FOUNTAIN AGRIC MARKETING AGENCY 1,320,000.00 4,800,000.00 3,480,000.00 75 022000100100 453-0400 MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT 55,073,500.00 60,000,000.00 4,926,500.00 76 022000200100 453-0403 DEBT MANAGEMENT OFFICE 2,760,000.00 3,401,690.17 641,690.17 77 022000300100 459-3104 BUDGET DEPARTMENT 2,970,000.00 6,500,000.00 3,530,000.00 78 022000400100 453-0405 EXPENDITURE DEPARTMENT 4,200,000.00 5,669,483.62 1,469,483.62 79 022000500100 453-0406 STATE FINANCES DEPARTMENT 3,000,000.00 5,669,483.62 2,669,483.62 80 022000100300 459-5903 STATE FISCAL EFFICIENCY UNIT 3,000,000.00 5,000,000.00 2,000,000.00 81 022000600100 459-5200 CENTRAL INTERNAL AUDIT OFFICE 8,120,000.00 10,000,000.00 1,880,000.00 82 022000700100 459-3600 OFFICE OF THE ACCOUNTANT GENERAL 42,028,000.00 48,016,901.70 5,988,901.70 83 022000700200 459-3602 MAIN ACCOUNTS DEPARTMENT (AG's OFFICE) 3,000,000.00 5,000,000.00 2,000,000.00 84 022000700800 459-3608 FUND MANAGEMENT (AG's OFFICE) 2,900,000.00 3,000,000.00 100,000.00 85 022000700300 459-3601 CENTRAL PAY OFFICE 2,015,000.00 5,000,000.00 2,985,000.00 86 022000700400 459-3603 PROJECT FINANCE MANAGEMENT UNIT (PFMU) 720,000.00 2,834,741.81 2,114,741.81 87 022000700500 459-3604 IPSAS STEERING COMMITTEE 1,440,000.00 5,000,000.00 3,560,000.00 STATE INTEGRATED FINANCIAL MANAGEMENT INFORMATION SYSTEM 88 022000700600 459-3606 (SIFMIS) 2,550,000.00 5,000,000.00 2,450,000.00 106 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 89 022000700700 459-3607 MANAGEMENT SERVICE DEPT. (AG) 2,400,000.00 5,000,000.00 2,600,000.00 90 022000800100 459-3800 INTERNAL REVEUNE SERVICE 74,981,579.63 150,000,000.00 75,018,420.37 91 022000800200 459-3109 SUSTAINABLE IGR COMMITTEE 3,080,000.00 6,123,042.31 3,043,042.31 92 022200100100 452-0100 MINISTRY OF COMMERCE, INDUSTRIES AND COOPERATIVES 4,500,000.00 7,071,173.79 2,571,173.79 93 022200100200 459-3101 MULTI LATERAL DEPARTMENT 440,000.00 4,500,000.00 4,060,000.00 94 022200100300 453-0401 STATE REVENUE AND INVESTMENT COMMITTEE 2,040,000.00 3,571,774.68 1,531,774.68 95 022200100500 453-0700 EKITI STATE ENTERPRISES DEVELOPMENT AGENCY 1,540,000.00 3,834,741.81 2,294,741.81 96 022200100600 454-0300 MULTI PURPOSE CREDIT AGENCY 1,100,000.00 3,000,000.00 1,900,000.00 97 022200900100 459-4200 PETROLEUM PRODUCTS CONSUMER PROTECTION UNIT 275,000.00 2,000,000.00 1,725,000.00 98 022700100200 454-0100 BUREAU OF PRODUCTIVITY AND EMPOWERMENT 1,200,000.00 3,968,638.53 2,768,638.53 99 022700500100 454-0200 JOB CREATION AND EMPLOYMENT AGENCY 1,320,000.00 3,834,741.81 2,514,741.81 100 022700600100 459-3500 STATE GOVERNANCE AND CAPACITY BUILDING 600,000.00 2,500,000.00 1,900,000.00 101 022800700100 459-1503 BUREAU OF INFORMATION, COMMUNICATION AND TECHNOLOGY (ICT) 1,861,200.00 4,000,000.00 2,138,800.00 102 022905300100 454-1200 DEPARTMENT OF PUBLIC TRANSPORTATION 572,000.00 1,466,182.38 894,182.38 103 022905500100 454-1100 EKITI STATE TRAFFIC MANAGEMENT AGENCY 2,200,000.00 3,061,521.15 861,521.15 104 023100300100 454-0600 EKITI STATE ELECTRICITY BOARD 34,853,068.00 40,000,000.00 5,146,932.00 105 023305100100 452-0300 EKITI STATE MINERAL RESOURCES DEVELOPMENT AGENCY 1,000,000.00 3,000,000.00 2,000,000.00 106 023305100200 452-0102 MINERAL RESOURCES AND ENVIRONMENTAL COMMITTEE 1,000,000.00 3,000,000.00 2,000,000.00 107 023400100100 454-1000 MINISTRY OF WORKS AND TRANSPORT 3,264,000.00 9,071,173.79 5,807,173.79 108 023400200100 458-0500 OFFICE OF SURVEYOR -GENERAL OF THE STATE 600,000.00 3,000,000.00 2,400,000.00 109 023400400100 454-1400 EKITI STATE ROAD MAINTENMENT AGENCY (EKROMA) 3,080,000.00 5,102,535.26 2,022,535.26 110 023600100100 453-0300 TOURISM DEVELOPMENT AGENCY 1,500,000.00 3,551,267.63 2,051,267.63 111 023600400100 453-0200 COUNCIL FOR ART AND CULTURE 1,400,000.00 3,675,709.49 2,275,709.49 107 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 112 023600400200 453-0100 BUREAU OF TOURISM ART AND CULTURE 1,400,000.00 3,551,267.63 2,151,267.63 113 023800100100 459-3100 MINISTRY OF BUDGET AND ECONOMIC PLANNING 5,280,000.00 10,205,070.51 4,925,070.51 114 023800100200 459-3105 BUDGET MONITORING COMMITTEE 2,736,250.00 5,000,000.00 2,263,750.00 115 023800100300 459-3112 BUDGET TRACKING AND AUTOMATION 550,000.00 6,000,000.00 5,450,000.00 116 023800100400 459-3116 HOME GROWN SCHOOL FEEDING (MB&EP) 1,233,000.00 2,000,000.00 767,000.00 117 023800100500 459-3103 DEVELOPMENT PLANNING AND STRATEGY COMMITTEE (MB&EP) 309,375.00 2,500,000.00 2,190,625.00 118 023800100600 459-3102 ECONOMIC DEVELOPMENT COUNCIL (MB&EP) 825,000.00 6,000,000.00 5,175,000.00 119 023800400100 459-3200 BUREAU OF STATISTICS 1,400,000.00 5,000,000.00 3,600,000.00 120 023800400200 459-3400 MILLENIUM DEVELOPMENT GOALS (MDG) OFFICE 926,500.00 1,700,845.09 774,345.09 121 023800400300 459-3401 CGS TO LGAS TRACK (MDG) 2,200,000.00 2,551,267.63 351,267.63 122 023800400400 459-3402 DEVELOPMENT RELATIONS (MDGS) 600,000.00 1,020,507.05 420,507.05 123 025000100100 459-4000 FISCAL RESPONSIBILITY COMMISSION 2,100,000.00 5,669,483.62 3,569,483.62 124 025000100200 453-0402 FISCAL COMMITTEE SECRETARIAT 10,800,000.00 12,854,647.97 2,054,647.97 125 025210200100 454-0800 EKITI STATE WATER CORPORATION 4,500,000.00 10,000,000.00 5,500,000.00 126 025210300100 454-0900 RURAL WATER SUPPLY AND SANITATION AGENCY 660,000.00 3,000,000.00 2,340,000.00 127 025300100100 458-0100 MINISTRY OF LAND, HOUSING AND URBAN DEVELOPMENT 3,900,000.00 9,071,173.79 5,171,173.79 PHYSICAL PLANNING AND DEVELOPMENT MATTERS (MINISTRY OF 128 025300100200 458-0102 LANDS) 600,000.00 2,000,000.00 1,400,000.00 129 025301000100 458-0200 STATE HOUSING CORPORATION 1,416,893.50 5,000,000.00 3,583,106.50 130 025305200100 458-0300 PLANNING PLANNING PERMIT AGENCY 720,000.00 2,000,000.00 1,280,000.00 131 025305600100 458-0600 URBAN RENEWAL AGENCY (CAPITAL URBAN DEVELOPMENT AUTHORITY) 900,000.00 2,737,930.42 1,837,930.42 132 026100100100 454-0500 MINISTRY OF PUBLIC UTILITIES 8,772,000.00 20,000,000.00 11,228,000.00 133 23100300200 454-0601 MONITORING OF GOVT. HOUSE PREMISES/TOWN ELECT. 550,000.00 3,000,000.00 2,450,000.00 134 026100100200 459-4300 UTILITY SERVICE DEPARTMENT 1,100,000.00 6,000,000.00 4,900,000.00 108 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 135 023800100300 459-3115 ACTIVITIES OF THE NATIONAL CASH TRANSFER OFFICE 550,000.00 2,000,000.00 1,450,000.00 136 052100100200 459-3114 DEVELOPMENT PARTNERS AND AIDS COORDINATION (MBEP) 550,000.00 3,000,000.00 2,450,000.00 137 022000300100 459-3113 MEDIUM TERM EXPENDITURE FRAMEWORK 1,100,000.00 4,000,000.00 2,900,000.00 TOTAL ECONOMIC SECTOR 349,871,866.13 618,068,788.94 268,196,922.81 SOCIAL SECTOR 138 051305100100 457-0400 YOUTH DEVELOPMENT 1,540,000.00 2,551,267.63 1,011,267.63 139 051305200100 459-3110 YOUTH EMPLOYMENT AND SOCIAL SUPPORT OPERATION (YESSO) 825,000.00 5,000,000.00 4,175,000.00 MINISTRY OF WOMEN AFFAIRS, GENDER EMPOWERMENT &SOCIAL 140 051400100100 457-0600 WELFARE 5,000,000.00 10,037,277.06 5,037,277.06 141 051400200200 457-0700 WOMEN DEVELOPMENT CENTRE, IGEDE-EKITI (WOMENT AFFAIRS) 74,250.00 566,948.36 492,698.36 STATE CHILD'S RIGHT IMPLEMENTATION AND MONITORING 142 051405500100 457-0601 COMMITTEE (WOMEN AFFAIRS) 755,750.00 1,530,760.58 775,010.58 143 051700100100 455-0100 MINISTRY OF EDUCATION, SCIENCE AND TECHNOLOGY 3,200,000.00 7,000,000.00 3,800,000.00 144 051700300100 455-0400 STATE UNIVERSAL BASIC EDUCATION BOARD 20,483,500.00 36,000,000.00 15,516,500.00 145 051700800100 455-0800 EKITI STATE LIBRARY BOARD 1,800,000.00 3,000,000.00 1,200,000.00 146 051700900100 455-0106 MONITORING OF PUBLIC SCHOOLS 1,200,000.00 2,721,352.14 1,521,352.14 147 051705400100 455-0700 STATE TEACHING SERVICE COMMISSION 13,200,000.00 20,000,000.00 6,800,000.00 148 051705500100 455-0500 BOARD FOR TECHNICAL AND VOCATIONAL EDUCATION 400,000.00 1,700,000.00 1,300,000.00 149 051705500200 455-0600 AGENCY FOR ADULT AND NON-FORMAL EDUCATION 440,000.00 1,700,000.00 1,260,000.00 150 051705500300 452-0101 COOPERATIVE DEPARTMENT AND COOPERATIVE COLLEGE, IJERO-EKITI 900,000.00 1,700,845.09 800,845.09 151 051705600100 455-0300 STATE SCHOLARSHIP BOARD 440,000.00 3,401,690.17 2,961,690.17 152 051705600200 455-0900 EDUCATION TRUST(ENDOWMENT) FUND 1,200,000.00 2,551,267.63 1,351,267.63 153 052100100100 456-0100 MINISTRY OF HEALTH 2,000,000.00 9,000,000.00 7,000,000.00 154 052100200100 456-0103 SHIC (MINISTRY OF HEALTH) 500,000.00 2,000,000.00 1,500,000.00 109 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 155 052100100400 456-0104 MAINTENANCE OF HEALTH DATA BANK 500,000.00 2,000,000.00 1,500,000.00 156 052100100200 456-0700 EKITI STATE AIDS CONTROL AGENCY 1,800,000.00 3,061,521.15 1,261,521.15 157 052100300100 456-0400 PRIMARY HEALTHCARE DEVELOPMENT AGENCY 2,420,000.00 6,000,000.00 3,580,000.00 158 052110200100 456-0600 HOSPITAL MANAGEMENT BOARD 2,900,000.00 8,504,225.43 5,604,225.43 159 052110200200 456-0602 MEDICAL MISSION (HMB) 550,000.00 2,000,000.00 1,450,000.00 160 052111300100 456-0500 CENTRAL MEDICAL STORE 506,000.00 1,500,000.00 994,000.00 161 053500100100 458-0700 MINISTRY OF ENVIRONMENT 4,560,000.00 7,000,000.00 2,440,000.00 162 053501600100 458-0900 STATE ENVIRONMENTAL PROTECTION AGENCY 600,000.00 1,700,845.09 1,100,845.09 163 053505300100 458-1000 EKITI STATE WASTE MANAGEMENT BOARD 3,488,333.41 7,754,627.37 4,266,293.96 164 053505500100 458-0701 MONTHLY SANITATION EXERCISE 3,500,000.00 5,803,380.34 2,303,380.34 165 053905100100 457-0500 EKITI STATE SPORT COUNCIL 2,900,000.00 7,000,000.00 4,100,000.00 MINISTRY FOR LOCAL GOVERNMENT, COMMUNITY DEVELOPMENT AND 166 0505100100100 459-1300 CHIEFTANCY AFFAIRS-STATE 1,600,000.00 6,000,000.00 4,400,000.00 167 0505100100100 459-1301 COMMUNITY DEVELOPMENT 600,000.00 1,585,460.29 985,460.29 168 0505100200100 459-1400 CHIEFTANCY AFFAIRS 2,400,000.00 3,968,638.53 1,568,638.53 169 0514000100200 457-0607 GOVT. PUPILS IN CHILDREN HOME NUR/PRY SCHOOL 600,000.00 3,000,000.00 2,400,000.00 170 0517005400200 455-0701 TEACHING SERVICE COMMISSION LOANS BOARD 500,000.00 2,000,000.00 1,500,000.00 171 0517003000101 455-0401 SUBEB STAFF HOUSING LOANS BOARD 500,000.00 2,000,000.00 1,500,000.00 172 0505100300100 459-1401 EKITI STATE COUNCIL OF OBAS 10,968,416.00 14,000,000.00 3,031,584.00 TOTAL SOCIAL SECTOR 94,851,249.41 195,340,106.86 100,488,857.45 REGIONAL SECTOR 173 045102100200 459-4400 SERVE-EKS 880,000.00 1,530,760.58 650,760.58 174 045102100300 459-4401 SERVE-EKS STEERING COMMITTEE 110,000.00 510,253.53 400,253.53 110 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ TOTAL REGIONAL SECTOR 990,000.00 2,041,014.11 1,051,014.11 LAW AND JUSTICE SECTOR 175 032600100100 459-0100 MINISTRY OF JUSTICE 5,600,000.00 7,205,070.51 1,605,070.51 176 032600700200 NEWLY CREATED MDAs - 10,813,765.73 10,813,765.73 177 032600700200 459-5700 OFFICE OF PUBLIC DEFENDER 1,500,500.00 5,200,000.00 3,699,500.00 178 032600700300 459-0103 PUBLIC COMPLAINT COMMISSION 500,000.00 2,000,000.00 1,500,000.00 179 012500100300 459-0415 GOVERNMENT ASSET UNIT 600,000.00 2,500,000.00 1,900,000.00 TOTAL LAW AND JUSTICE SECTOR 8,200,500.00 27,718,836.24 17,618,336.24 SUMMARY ADMINISTRATIVE SECTOR 2,066,692,164.86 2,765,574,135.75 698,881,970.89 ECONOMIC SECTOR 349,871,866.13 618,068,788.94 268,196,922.81 SOCIAL SECTOR 94,851,249.41 195,340,106.86 100,488,857.45 REGIONAL SECTOR 990,000.00 2,041,014.11 1,051,014.11 LAW AND JUSTICE SECTOR 8,200,500.00 27,718,836.24 17,618,336.24 TOTAL 2,520,605,780.40 3,608,742,881.90 1,086,237,101.50 111 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 13: TRANSFER TO OTHER FUNDS S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ ADMINISTRATIVE SECTOR 1 012500500100 459-2300 OFFICE OF ESTABLISHMENT AND TRANNING 66,317,100.00 157,340,000.00 91,022,900.00 2 011200400100 459-2200 HOUSE OF ASSEMBLY SERVICE COMMISION - 20,669,483.62 20,669,483.62 MINISTRY OF INFORMATION, SOCIAL DEVELOPMENT, SPORTS AND 3 012300100100 457-0100 CULTURE - 20,441,502.49 20,441,502.49 4 011100100100 459-0400 GENERAL ADMINISTRATION DEPARTMENT 187,562,500.00 338,754,232.64 151,191,732.64 5 011101300200 459-5100 POLITICAL AND ECONOMIC AFFAIRS DEPARTMENT 433,753,623.85 1,110,389,672.35 676,636,048.50 6 011100800100 458-1200 EKITI STATE EMERGENCY MANAGEMENT AGENCY(SEMA) 11,500,000.00 20,000,000.00 8,500,000.00 7 011200300100 459-2100 HOUSE OF ASSEMBLY 23,000,078.00 221,775,662.59 198,775,584.59 8 014000100100 459-2800 STATE AUDITOR-GENERAL'S OFFICE 2,462,500.00 20,000,000.00 17,537,500.00 9 014000100300 459-2900 STATE AUDITOR-GENERAL FOR LOCAL GOVERNMENT 340,000.00 5,000,000.00 4,660,000.00 10 011103800100 459-1800 CHRISTIAN PILGRIMS BOARD - 20,000,000.00 20,000,000.00 11 011103700100 459-1900 MUSLIM PILGRIMS BOARD - 20,000,000.00 20,000,000.00 12 014700100100 459-3900 CIVIL SERVICE COMMISSION 5,100,000.00 6,000,000.00 900,000.00 13 011103400200 459-4500 OFFICE OF PUBLIC DEFENDER - 10,000,000.00 10,000,000.00 TOTAL ADMINISTRATIVE SECTOR 730,035,801.85 1,970,370,553.69 1,240,334,751.84 ECONOMIC SECTOR 14 23600400200 BUREAU OF TOURISM, ARTS AND CULTURE 5,000,000.00 5,000,000.00 15 022000100100 453-0400 MINISTRY OF FINANCE 6,585,946,654.33 6,606,674,892.08 20,728,237.75 16 022200100100 453-0700 EKITI STATE ENTERPRISES DEVELOPMENT AGENCY - - - 17 022000700100 459-3600 OFFICE OF THE ACCOUNTANT GENERAL 39,045,000.00 87,092,991.00 48,047,991.00 18 022700500100 454-0200 JOB CREATION AND EMPLOYMENT AGENCY - 5,669,483.62 5,669,483.62 19 022800700200 459-1504 BUREAU OF COMMUNICATION TECHNOLOGY AND SOCIAL MEDIA 6,000,000.00 8,656,521.64 2,656,521.64 112 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ 20 023800100100 459-3100 MINISTRY OF BUDGET, ECONOMIC PLANNING AND SERVICE DELIVERY 53,244,350.00 75,009,983.62 21,765,633.62 21 022905500100 454-1100 EKITI STATE TRAFFIC MANAGEMENT AGENCY 19,575,000.00 40,000,000.00 20,425,000.00 22 023800400100 459-3200 BUREAU OF STATISTICS - 10,000,000.00 10,000,000.00 23 025210200100 454-0800 EKITI STATE WATER CORPORATION 50,000,000.00 100,000,000.00 50,000,000.00 24 025300100100 458-0101 MINISTRY OF LANDS,HOUSING AND URBAN DEVT. 13,200,000.00 16,600,000.00 3,400,000.00 TOTAL ECONOMIC SECTOR 6,767,011,004.33 6,954,703,871.96 187,692,867.63 SOCIAL SECTOR 25 051700100100 455-0100 MINISTRY OF EDUCATION, SCIENCE AND TECHNOLOGY 1,773,171,637.40 1,832,479,846.78 59,308,209.38 26 051705300100 455-0500 BOARD OF TECHNICAL AND VOCATIONAL EDUCATION 9,123,750.00 60,000,000.00 50,876,250.00 27 051705500200 455-0600 AGENCY FOR ADULT AND NON-FORMAL EDUCATION - 35,169,483.62 35,169,483.62 28 052100100100 456-0100 MINISTRY OF HEALTH 60,000,000.00 80,000,000.00 20,000,000.00 29 051705600100 455-0300 EKITI STATE SCHOLARSHIP BOARD 227,231,145.00 353,577,500.00 126,346,355.00 30 053500100100 458-0700 MINISTRY OF ENVIRONMENT 19,050,000.00 25,000,000.00 5,950,000.00 31 053505300100 458-1000 EKITI STATE WASTE MANAGEMENT BOARD 115,945,500.00 119,556,000.00 3,610,500.00 MINISTRY OF WOMEN AFFAIRS, GENDER EMPOWERMENT & SOCIAL 32 051400100100 457-0600 WELFARE 52,334,875.00 130,789,000.00 78,454,125.00 33 051300100100 457-0400 YOUTH DEVELOPMENT 4,200,000.00 12,699,100.00 8,499,100.00 34 053905100200 457-0500 SPORTS COUNCIL 3,000,000.00 19,691,050.50 16,691,050.50 35 051700300100 455-0400 SUBEB - 2,000,000.00 2,000,000.00 TOTAL SOCIAL SECTOR 2,264,056,907.40 2,670,961,980.90 406,905,073.50 REGIONAL SECTOR 36 045102100200 459-4400 SERVE-EKS - - - TOTAL REGIONAL SECTOR - - - 113 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO ADMIN CODE HEAD MINISTRIES/DEPARTMENTS/AGENCIES ACTUAL BUDGET VARIANCE ₦ ₦ ₦ LAW AND JUSTICE SECTOR 37 433125 MINISTRY OF JUSTICE 365,595,500.00 590,423,496.94 224,827,996.94 TOTAL LAW AND JUSTICE SECTOR 365,595,500.00 590,423,496.94 224,827,996.94 SUMMARY ADMINISTRATIVE SECTOR 730,035,801.85 1,970,370,553.69 1,240,334,751.84 ECONOMIC SECTOR 6,767,011,004.33 6,954,703,871.96 187,692,867.63 SOCIAL SECTOR 2,264,056,907.40 2,670,961,980.90 406,905,073.50 REGIONAL SECTOR - - - LAW AND JUSTICE SECTOR 365,595,500.00 590,423,496.94 224,827,996.94 TOTAL 10,126,699,213.58 12,186,459,903.49 2,059,760,689.91 DRAWN DOWN FUND (RECURRENT) STATE EDUCATION PROGRAME INVESTMENT PROJECT (SEPIP) 401,317,661.00 YOUTH EMPLOYMENT AND SOCIAL SUPPORT OPERATION (YESSO) 115,291,299.17 3RD NATIONAL URBAN WATER SECTOR REFORM PROJECT (3RD NUWRP) 1,570,730,284.04 CONDITIONAL CASH TRANSFER 28,417,990.93 TOTAL 2,115,757,235.14 GRAND TOTAL 12,242,456,448.72 114 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 14: SUBVENTION/GRANTS TO TERTIARY INSTITUTIONS AND PARASTALTALS S/NO ADMIN CODE HEAD TETIARY INSTITUTIONS/PARASTALTALS ACTUAL BUDGET VARIANCE ₦ ₦ ₦ MINISTRY OF INFORMATION, YOUTH AND SPORT 1 012300200100 457-0102 (CIVIC ORIENTATION) 5,280,000.00 11,699,924.35 6,419,924.35 2 012400400100 457-0415 NIGERIA SECURITY AND CIVIL DEFENCE CORPS 6,999,996.00 8,164,056.11 1,164,060.11 3 012400400200 459-2303 NIGERIAN LEGION 2,100,000.00 2,700,000.00 600,000.00 4 031800100100 459-0200 THE JUDICIARY 948,216,152.00 1,218,216,870.34 270,000,718.34 5 031801100100 459-0300 JUDICIAL SERVICE COMMISSION 65,191,992.00 110,937,887.83 45,745,895.83 6 051701800100 455-1200 COLLEGE OF EDUCATION - IKERE EKITI 2,744,703,000.00 4,208,921,949.61 1,464,218,949.61 7 051702100100 455-1000 EKITI STATE UNIVERSITY 7,306,212,296.00 7,191,125,264.12 (115,087,031.88) 8 052102600100 456-0300 EKITI STATE UNIVERSITY TEACHING HOSPITAL 2,751,774,736.48 3,200,000,000.00 448,225,263.52 9 052110600100 456-0200 COLLEGE OF HEALTH TECHNOLOGY 432,850,754.79 480,227,478.69 47,376,723.90 10 053905100200 457-0405 EKITI UNITED FOOTBALL CLUB 45,600,000.00 64,600,000.00 19,000,000.00 11 014700300100 434-004 10% IGR CONTRIBUTION TO LOCAL GOVT. - 362,493,516.38 362,493,516.38 TOTAL 14,308,928,927.27 16,859,086,947.43 2,550,158,020.16 115 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 15: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (PPE) PLANT & TRANSPORTATIO OFFICE FURNITURES & LAND & BUILDING INFRASTRUCTURE MACHINERY N EQUIPMENT EQUIPMENT FITTINGS TOTAL DEPRECIATION RATE 5% 5% 10% 20% 25% 20% ₦ ₦ ₦ ₦ ₦ ₦ ₦ COST AS AT 1/1/18 641,662,390.40 1,723,557,750.13 138,392,326.09 717,334,681.97 79,346,602.50 70,266,830.00 3,370,560,581.09 ADDITION (JAN-DEC) 2,891,436,122.03 10,227,660,686.55 76,708,000.00 540,804,116.09 1,330,950,433.15 745,234,132.74 15,812,793,490.56 DISPOSAL - - - - - - - TRANSFER/ ADJUSTMENT - - - - - - - COST AS AT 31/12/18 3,533,098,512.43 11,951,218,436.68 215,100,326.09 1,258,138,798.06 1,410,297,035.65 815,500,962.74 19,183,354,071.65 DEPRECIATION: - DEPRECIATION AS AT 1/1/18 32,083,119.52 86,177,887.51 13,839,232.61 143,466,936.39 19,836,650.63 14,053,366.00 309,457,192.65 CHARGE FOR THE YEAR 176,654,925.62 597,560,921.83 21,510,032.61 251,627,759.61 352,574,258.91 163,100,192.55 1,563,028,091.14 DISPOSAL - - - - - - - TRANSFER/ ADJUSTMENT - - - - - - - ACCUMULATED DEP. AS AT 31/12/18 208,738,045.14 683,738,809.34 35,349,265.22 395,094,696.01 372,410,909.54 177,153,558.55 1,872,485,283.79 NET BOOK VALUE (31/12/18) 3,324,360,467.29 11,267,479,627.34 179,751,060.87 863,044,102.05 1,037,886,126.11 638,347,404.19 17,310,868,787.86 116 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 16: CAPITAL EXPENDITURE THAT CANNOT BE CLASSIFIED INTO PPE S/NO DETAILS EXECUTING MDAs ACTUAL BUDGET VARIANCE ₦ ₦ ₦ Outstanding due to Soft Alliance on the State e- 1 payroll Accountant General's Office 44,770,442.40 250,000,000.00 205,229,557.60 2 Two years rent for Children Recreation Centre. Min. of Women Affair 1,600,000.00 5,000,000.00 3,400,000.00 3 2018 International women's day Celebration Min. of Women Affair 168,000,000.00 4 Production of Customised Super Print (Ankara) Min. of Women Affair 60,000,000.00 Provision of Bio-Metric data base for women trade 5 group Min. of Women Affair 7,750,000.00 320,000,000.00 75,750,000.00 Reporting of Gender Based violence prohibition 6 law. Min. of Women Affair 500,000.00 7 16-day activitism against gender base violence Min. of Women Affair 8,000,000.00 Updating of Service Management in School under 8 the enhance school data bank (EMIS) Min. of Education 22,825,000.00 70,000,000.00 47,175,000.00 Consultancy to SIEC to conduct pre-election voter's 9 education EKSIEC 36,000,000.00 - Litigation arising from Dec. 2017 Local Govt. 10 Election EKSIEC 10,000,000.00 150,000,000.00 104,000,000.00 payment for Howard for survey of six difference 11 job. Survyeor General 1,500,000.00 11,500,000.00 10,000,000.00 Publication of "Ekiti under my watch" by 12 Abidaksidea International Ltd Govt. House and Protocol 9,800,000.00 20,000,000.00 10,200,000.00 13 Decoration of Government House Govt. House and Protocol 79,430,954.50 14 Suspected Lasser fever outbreak Min. of Health 1,000,000.00 20,000,000.00 19,000,000.00 15 Measles Vaccination campain Primary Health Care 1,500,000.00 5,000,000.00 3,500,000.00 Quaterly Task Force Meeting on Polio Eradication 16 and Routine Immunization Primary Health Care 300,250.00 1,000,000.00 699,750.00 117 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Effective Implementation of devolution Exercise in 17 the State, by Executive Secretary Primary Health Care 10,396,320.00 35,000,000.00 24,603,680.00 Sensitization programme on comm. Paticipation 18 Developmnet in all local Govt. Min. of Local Govt. 12,103,000.00 15,000,000.00 2,897,000.00 19 Fuelling and Maintenance of Street light Electricity Board 8,628,000.00 100,000,000.00 91,372,000.00 20 Claimant of land Acquired Housing and Urban Development 12,636,939.00 140,000,000.00 127,363,061.00 21 Printing of Certificate of No Objection and Payment Bureau of Public Procurement 2,000,000.00 3,000,000.00 1,000,000.00 Counterpart fund to EKRUWASSA, STWSP, and 22 Donor Support. Min. of Budget 53,600,000.00 23 GCC Fund to STWSP Min. of Budget 20,000,000.00 2,000,000,000.00 1,900,800,000.00 Counterpart fund for EKRUWASSA, STWSP donor 24 support Min. of Budget 17,000,000.00 25 2017 Counterpart fund for EKRUWASSA Min. of Budget 6,600,000.00 Conpilation And Documentation of 2018 Annual 26 Capital Project Performance Appraisal report Min. of Budget 2,000,000.00 Bureau of productivity and 27 Cash Assistance to less Privilegde empowerment 269,408,000.00 Social Security Stipend to beneficiary and Bureau of productivity and 28 Monitoring empowerment 257,902,300.00 765,000,000.00 84,226,290.00 Processing of application of 40,000 Unemployed Bureau of productivity and 29 Youth empowerment 105,000,000.00 Bureau of productivity and 30 Transportation fare and Logistic to Pensioners empowerment 48,463,410.00 TOTAL 1,278,714,615.90 3,910,500,000.00 2,711,216,338.60 118 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 17 : RECONCILED ACCOUNTANT-GENERAL'S CASH BOOK BALANCE AS AT 31ST DECEMBER, 2018 S/NO BANK ACCOUNT NAME AMOUNT ₦ 1 ACCESS CAPITAL I 2,053,815.32 2 ACCESS VAT 363,451,753.65 3 ACCESS LEGAL FEES 23,993,299.53 4 ACCESS TRAFFIC CONTROL 1,080,928.74 5 DIAMOND L.G COMM DEVELOPMENT 1,070,781.29 6 DIAMOND EKS COMM DEVELOPMENT 1,102,831.23 7 DIAMOND RESERVE FUND A\C 420,836.73 8 DIAMOND LEGAL FEES 550,753.58 9 ECO EKSG RESERVE 164,581,218.23 10 ECO EKSG SEVERANCE PACKAGE 201,337,657.64 11 ECO PARIS CLUB REFUND 2,934,271,861.44 12 HERITAGE COMM DEVELOPMENT 29,739,607.08 13 FCMB B .S RESPONS. ACCT 97,062.50 14 FCMB SURE-P 3,303,332.30 15 FCMB SPECIAL PROJECT 629,501.26 16 FIDELITY TESCOM 854,156.52 17 FIRST BANK PLATE NUMBER 9,553,725.20 18 FIRST BANK Agric Credit Scheme 33,032,651.95 19 GTB OTHER CHARGES 6,383.76 20 POLARIS OTHER CHARGES 39,974,646.08 21 POLARIS CIVIL SERVANT SALARY 21,791,268.22 22 POLARIS EKSG SPECIAL FUND 6,896,298.33 119 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO BANK ACCOUNT NAME AMOUNT ₦ 23 POLARIS FAAC / CRF 121,336,637.05 24 POLARIS LAPTOP REPAYMENT 2,362,476.62 25 POLARIS E-PAYROLL 30,367,961.85 26 POLARIS BACK DUTY ASSES. 19,609.69 27 POLARIS BOND PROCEED 1,290.83 28 STANBIC CAPITAL 19,262.04 29 STANBIC LOCK UP SHOP 3,471,249.24 30 STERLING RESERVED FUND ACCT 17,649,821.26 31 STERLING CSS SALARY REFUND 50,158,763.63 32 STERLING FORESTRY REGENERATION 588,405.50 33 STERLING TECHNICAL COLL. DEV. 1,375,102.00 34 STERLING SOCIAL SEC. E-PYMT 21,976,454.00 35 STERLING SOCIAL SECURITY INITIATIVE 101,872,119.00 36 STERLING SEPIP 343,215.65 37 STERLING SECONDARY EDU. DEV. 240,612,472.51 38 STERLING PRIMARYARY EDU. DEV. 195,909,378.82 39 UBA CIVIL SERVANT SALARY 4,546,944.04 40 UBA CAPITAL 424,163.92 41 UBA OTHER CHARGES 291,936.55 42 UBA FURNITURE ALLOWANCE 1,021,560.48 43 UBA CRF 280,756.71 44 UNION CAPITAL 65,301.59 45 UNION LAPTOP REPAYMENT 298,164.64 46 UNION RENT 360,301.50 120 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO BANK ACCOUNT NAME AMOUNT ₦ 47 UNITY UNSERVICEABLE VEHICLES 1,221,508.43 48 UNITY FERTILIZER 2,998,989.98 49 UNITY CAPITAL - 50 WEMA CAPITAL 3,463,993.66 51 WEMA CAPITAL DEV. FUND 3,735,823.72 52 WEMA EKSG REMMITTANCE 2,715,535.88 53 WEMA DIVIDEND 50,113,829.05 54 WEMA INTEREST 403,914.86 55 WEMA RENT OF GOVT. QUARTERS 360,301.50 56 WEMA PROCEED FROM SHARES 1,463,430.58 57 WEMA PTF MOTOR CYCLE LOAN 263,307.16 58 WEMA TIPPER HAULAGE 5,002,368.26 59 WEMA SEPIP 102,264,791.49 60 WEMA OJA-OBA MODERN MARKET 17,258,130.00 61 WEMA CONSOL. DEBT SERVICE 38,068,634.83 62 WEMA STOMACH INFRASTR. 27,715,129.14 63 WEMA CONTINGENCY 2,330,258.81 64 ACCESS IGR EXPENDITURE 17,299,602.98 65 DIAMOND IGR EXPENDITURE 2,697,792.83 66 HERITAGE IGR EXPENDITURE 51,020,391.13 67 FCMB IGR EXPENDITURE 407,882.74 68 FIDELITY IGR EXPENDITURE 21,515.86 69 FIRST BANK IGR EXPENDITURE 12,096,067.04 70 GTB IGR EXPENDITURE 17,702.03 121 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO BANK ACCOUNT NAME AMOUNT ₦ 71 KEYSTONE IGR EXPENDITURE 223,749.16 72 POLARIS IGR EXPENDITURE 6,305,532.68 73 STANBIC IGR EXPENDITURE 25,350.60 74 STERLING IGR EXPENDITURE 307,866,739.66 75 UBA IGR EXPENDITURE 112,327.72 76 UNION IGR EXPENDITURE 110,685,944.98 77 WEMA IGR EXPENDITURE 98,519.43 78 ZENITH IGR EXPENDITURE 23,998.72 TOTAL (A) 5,403,430,784.61 IGR COLLECTION ACCOUNTS BALANCES AS AT 31ST DECEMBER, 2018 S/NO BANK ACCOUNT NAMES ACCOUNT NO 1 FIRST BANK PayDirect Collection 143,125,227.83 2 ECO BANK PayDirect Collection 8,882,205.68 3 POLARIS PayDirect Collection 1,682,886.16 4 FIDELITY PayDirect Collection 3,059,481.03 5 UNION PayDirect Collection 100.00 6 ZENITH PayDirect Collection - 7 UBA PayDirect Collection 640,897.24 8 HERITAGE PayDirect Collection 5,748,374.78 9 STANBIC PayDirect Collection 3,403,028.74 10 KEYSTONE PayDirect Collection 8,981,457.31 11 STERLING PayDirect Collection 1.00 122 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 S/NO BANK ACCOUNT NAME AMOUNT ₦ 12 FCMB PayDirect Collection 204,771,359.27 13 DIAMOND PayDirect Collection 469,425.44 14 ACCESS PayDirect Collection 11,162,825.43 15 WEMA PayDirect Collection 474,087.95 16 ACCESS Consolidated Revenue 250,000.01 17 FBN ESVL Road Taxes 33,076,073.49 18 POLARIS IGR Collection 5,636,992.48 19 FBN IGR Consolidated 4,375.00 20 ACCESS Drivers Licence 25,353,540.05 TOTAL (B) 456,722,338.89 RECONCILED CASH BOOK BALANCES OF MDAs AS AT 31/12/18 S/NO BANK ACCOUNT NAME AMOUNT N 1 EDUCATION TRUST FUND 67,619,368.88 2 PROJECT FUND MANAGEMENT UNIT 6,023,465,469.53 TOTAL [C] 6,091,084,838.41 TOTAL CASH BOOK BALANCES (A+B+C) 11,951,237,961.91 123 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 18 : INVENTORIES S/NO BANK 2018 2017 ₦ ₦ 1 ENGINEERING STORES - - 2 MEDICAL STORES - - 3 INDUSTRIAL/CHEMICAL STORE - - 4 FUEL AND LUBRICANTS - - 5 AGRICULTURAL INPUTS - - 6 SCHOLASTIC MATERIALS - - 7 STATIONERY STORES - - 8 BUILDING MATERIALS - - TOTAL - - NOTE 19: RECEIVABLES S/NO BANK 2018 2017 ₦ ₦ 1 WEMA SHARES 48,386,883.92 48,825,053.49 2 ADVANCES 3,990,816,911.56 3,978,586,323.98 TOTAL 4,039,203,795.48 4,027,411,377.47 NOTE 20: PREPAYMENTS/ARREARS OF REVENUE S/NO BANK 2018 2017 ₦ ₦ 1 PREPAYMENTS - - 2 ARREARS OF REVENUE - - TOTAL - - 124 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 21: BOND SINKING FUND ACCOUNT DETAILS FIRST TRANCHE SECOND TRANCHE TOTAL ₦ ₦ ₦ INFLOWS: Receipts from State Government 33,364,533,000.00 6,113,327,000.00 39,477,860,000.00 Investment Income 1,122,628,000.00 123,064,000.00 1,245,692,000.00 TOTAL INFLOW 34,487,161,000.00 6,236,391,000.00 40,723,552,000.00 OUTFLOWS: Principal Repayment 20,000,001,000.00 - 20,000,001,000.00 Payment to Bond Holders 12,498,258,000.00 5,803,261,000.00 18,301,519,000.00 Coupon Payment - - - Consultants Fee 450,558,000.00 10,436,000.00 460,994,000.00 Registrars Fees 16,807,000.00 - 16,807,000.00 Management Fees 120,097,000.00 15,296,000.00 135,393,000.00 Trusteeship Fees 147,000,000.00 65,627,000.00 212,627,000.00 Reimbursable Fees - - - Bank Charges and Courier 8,000.00 91,000.00 99,000.00 TOTAL OUTFLOW 33,232,729,000.00 5,894,711,000.00 39,127,440,000.00 BALANCE 1,254,432,000.00 341,680,000.00 1,596,112,000.00 NOTE Balance as at 31/12/17 2,561,428,000.00 Addition (965,316,000.00) Balance as at 31/12/18 1,596,112,000.00 125 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 22: FIXED ASSETS; PROPERTY, PLANT AND EQUIPMENT (PPE) PLANT & TRANSPORTATION OFFICE FURNITURES & LAND & BUILDING INFRASTRUCTURE MACHINERY EQUIPMENT EQUIPMENT FITTINGS TOTAL FIXED ASSETS - PPE ₦ ₦ ₦ ₦ ₦ ₦ ₦ BALANCE B/FORWARD (AT COST) 641,662,390.40 1,723,557,750.13 138,392,326.09 717,334,681.97 79,346,602.50 70,266,830.00 3,370,560,581.09 ADDITION DURING THE YEAR 2,891,436,122.03 10,227,660,686.55 76,708,000.00 540,804,116.09 1,330,950,433.15 745,234,132.74 15,812,793,490.56 DISPOSAL DURING THE YEAR - - - - - - - BALANCE C/FORWARD 3,533,098,512.43 11,951,218,436.68 215,100,326.09 1,258,138,798.06 1,410,297,035.65 815,500,962.74 19,183,354,071.65 ACCUMULATED DEPRECIATION: BALANCE B/FORWARD 32,083,119.52 86,177,887.51 13,839,232.61 143,466,936.39 19,836,650.63 14,053,366.00 309,457,192.66 ADDITION DURING THE YEAR 176,654,925.62 597,560,921.83 21,510,032.61 251,627,759.61 352,574,258.91 163,100,192.55 1,563,028,091.13 DISPOSAL DURING THE YEAR - - - - - - - BALANCE C/FORWARD 208,738,045.14 683,738,809.34 35,349,265.22 395,094,696.00 372,410,909.54 177,153,558.55 1,872,485,283.79 NET BOOK VALUE: AS AT 31/12/18 3,324,360,467.29 11,267,479,627.34 179,751,060.87 863,044,102.06 1,037,886,126.11 638,347,404.19 17,310,868,787.86 126 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 EKITI STATE OF NIGERIA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2018 NOTES TO THE FINANCIAL STATEMENTS NOTE 41: SCHEDULE OF EXPENDITURE CAPTURED IN PPE S/NO MDAs CLASSIFICATION DETAILS AMOUNT TOTAL ₦ ₦ 1 MIN. OF WORKS LAND AND BUILDING Renovation of presidetial lodge 64,610,954.43 Construction of new Govts. Office 674,589,560.08 Construction of government house car park 5,745,912.13 Rehabilitation of VIP lodge 2,601,288.56 Construction of fence with gate 8,293,091.78 Construction of old garage car park 11,932,826.35 Renovation of high court road 101,539,937.98 Construction of speaker resident 178,065,998.59 Construction of car park Fajuyi 34,890,689.51 Demolition of Ojumose-Okesa Okeyinmi 28,410,385.05 Demolition of building at Ijoka 17,048,361.23 Construction of open shop at Okesa 35,519,695.13 Renovation of governor PA's lodge 4,529,595.00 Rehabilitation of Adetiloye hall 161,703,785.62 Construction of new high court 466,053,507.02 Construction of new ministry of finance 325,240,955.96 Construction of Govt. office internal road 175,000,000.00 Renovation of Finance & Admin Dept 4,876,720.47 127 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Replacement of Oluyemi Kayode roof 1,618,800.00 Construction of car park 12,484,358.25 Rehabilitation of deputy Govts house linking GRA 3,041,120.25 Additional work on construction of new Govts house 81,145,351.50 Construction of car park at Govts house gate Ado 6,663,378.75 Construction of fence at D.Gov residence Ado 1,474,377.00 Balance on consultancy service on construction 16,139,879.60 Renovation of old Ministrry of Finance 32,412,956.15 Renovation of Divan Adesua bulding Ado 33,418,256.64 Renovation of the office Hill top bulding Ado 31,181,544.18 Renovation of scops lodge Ado 9,156,315.00 Renovation of old speaker lodge Ado Ekiti 41,532,579.84 Renovation of Comm. Of finance lodge Ado 19,530,872.95 Renovation of speakers boys quarters Ado 7,699,653.17 Renovation of speakers residence charlet Ado 6,927,595.55 2,605,080,303.72 INFRASTRUCTURE Procurement of additional 400pieces of led lamp 59,600,000.00 Construction of Hope Paper Mills and Federal Housing Road 50,000,000.00 Rehabilitation of Ado township 50,000,000.00 Dualization of Ilawe township 174,686,163.75 Construction of Adebayo -Ori- Apata- Nova Road 249,896,538.80 Construction of Overhead bridge 261,364,870.90 Dualization of Ijero Township 198,925,259.85 Extension of Ado-Ikere dual carriage way phase ll 625,237,734.38 Fee for Consuitancy on Road project 19,712,749.06 Rehabilitation of Iropora-Epe-Araromi-Ijero 16,267,597.22 128 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Rehabilitation of Igbemo-Ilumoba road 27,717,746.74 Rehabilitation of Okemesi Osun Osun State border 98,303,144.62 Rehabilitation of Ifaki-Orin-Ido road 95,096,137.50 Construction of Overhead bridge/Fly over 531,671,580.52 Dualization of Imugbagba Odo-ado, 20,123,083.33 Dualization of Ise township 65,715,155.98 Dualization of Emure township 70,659,814.84 Consultancy fee on Road project 22,305,820.76 Construction of speaker resident road 50,000,000.00 rehabilitation of college road 49,071,864.90 Rehabilitation of Ado township 50,000,000.00 Construction of Adebayo Ori-Apata 58,423,629.38 Rehabilitation of Ayetoro -Ewu-Iye road 24,624,095.68 Consultancy fee on Ise road Project 5,536,780.18 Dualization of Imugbagba Odo-ado, 7,139,597.85 Rehabilitation of ise-Ekiti township 33,967,272.55 Consultancy fee for constitution of new high court complex 69,610,236.18 Rehabilitation of Okemesi Osun Osun State border 41,068,232.85 Dualization of Ijero Township road 97,903,521.63 Rehabilitation of Iropors,Epe,Araromi road 16,960,623.68 Construction of bridge over Ero river 50,000,000.00 consultancy fee for construction of new speaker office 58,972,368.82 Consruction of Igbemo,Ilumoba road 13,487,617.08 Construction of Adebayo Ori road 88,832,184.02 extension of Ado-Ekiti Dualization phase ll 300,000,000.00 Hurticultural works along Ado-Iker road 5,551,582.13 129 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Lightening and Fencing of Fajuyi high court 236,442,080.70 procurement of additional 400 pieces of LED lamps for on-going project 58,000,000.00 Dualization of Ilawe township 90,591,155.29 Beautification and water fountain along Fajuyi& Ojumose 48,483,750.00 Construction of International School Afao road 171,522,734.91 Construction of Overhead bridge 620,106,165.16 Construction of Otun-Osan-Ora road 50,000,000.00 Construction of Adebayo Ori-Apata in Nova 51,689,405.97 Procurement and Installation of Street light for extension of Ado-Ikere Dual Carriage 59,252,197.05 Procurement and Installation of Street light for extension of Ado-Ikere Dual Carriage 288,542.00 Consultancy fee for Oja -Oba Ultra Modern Market 1,677,633.10 Land scaping fencing & lightning along fajuyi 114,298,047.44 Beautification & water of fountain along Fajuyi 20,749,706.25 Extensionb of Ado/Ikere dual carriage road 150,000,000.00 2 Construction of Internal road 81,137,649.74 Dualization of Emure township road 64,797,885.34 Dualization of Ise township road 60,209,895.57 Dualization of sportless road 10,423,717.50 Grading road withing Ado 5,758,399.50 Construction of borehole 1,800,000.00 Destilation of culvet 50,240,500.00 Construction of Gifted internal road 72,269,050.04 Destilation of culvet 56,852,475.75 Construction of overhead bridge 500,000,000.00 Construction of Otun-Ora road 50,000,000.00 Auticultural work along Ikere road 8,050,289.10 130 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Maintenance of flower area along Ikere road 69,601,140.00 Rehabilitation Ado,Afao road 50,000,000.00 Lighning of green areas 72,500,000.00 Connection of water supply 13,420,935.00 Installation of water supply flood area 1,360,275.00 Dual carriage road metropolis SUBEB 14,599,546.50 Fajuyi gate relocation 12,223,106.00 Rehabilitation of Aramoko road 86,015,920.20 Installation of street light to Basiri 18,369,235.50 Grading of selected road 7,247,756.25 Rehabilitation of college road 5,326,962.20 Fire work on overhead bridge 8,402,000.00 Installation of street light. 9,735,995.50 Purchase of 200 pieces of solar 56,234,540.00 Construction of overhead bridge 600,000,000.00 Construction of street light Basiri 1,692,656.00 Construction of borehole 1,951,950.00 Repair of fail triangle call pipe along Nova Ado 5,265,408.75 Construction of earth road 13,564,792.50 Purchase of 180W LED lamps 20,160,000.00 Procurement of 350 pieces of 180led lamp 67,915,000.00 Consultancy on road project ongoing 2017 8,922,328.30 Consultancy on road project ongoing 2017 2,214,712.07 Consultancy on road project ongoing 2017 7,885,099.63 Payment for road project ado Ekiti 17,146,046.75 Beautification of Fajuyi and Ojumose Ado Ekiti 50,000,000.00 131 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Lightning & fencing and landscaping along high court 80,000,000.00 Lightning area along Ojumose, Okesa Ado Ekiti 19,899,812.50 Lightning and fencing green area along okesa 60,878,421.59 Auticultural work along Ikere road 3,909,548.10 Construction of Adebayo/Ori-apata Ado Ekiti 24,693,554.50 Construction of Otun, osan-ora road 50,000,000.00 Landscaping fencing along high court 10,325,318.16 Payment for consultancy of Gifted school Afao 16,870,546.07 Additional bill on replacement of flood Ado 1,446,940.50 Rehabilitation of Ado Afao road 50,000,000.00 Maintenance of flyover area Ado Ekiti 69,601,140.00 Payment toward the vegetation control Ekiti 103,086,408.00 Construction of Ekiti state pavillion Ado Ekiti 44,262,268.25 Construction of new civic centre Ado Ekiti 184,863,211.19 Consultancy on design of new Gov's Office 46,492,640.94 Consultancy Projects of Ekiti State 11,827,649.44 Consultancy on Road Project on -going 2017 3,322,088.11 Consultancy on ProJect For 2017 in Ekiti 13,383,492.45 Consultancy for Gifted School in Afao 25,000,000.00 8,334,692,731.54 3 FURNITURE AND FITTINGS Fixed chairs use at new pavillion 3,180,000.00 Amount approved for the furnishing of new Govt offfice 140,000,000.00 Amount approved for the new high court complex 130,613,280.00 Purchase of chairs at pavillion 5,000,000.00 Furnishing of new Govt office Ado Ekiti 225,682,139.00 4 504,475,419.00 132 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 PLANT & MACHINERY Procurement of 350 piecess of LED lamp 50,000,000.00 50,000,000.00 TOTAL 11,494,248,454.26 WATER CORPORATION PLANT AND MACHINERY Leakage electrical fault 2,000,000.00 2,000,000.00 TOTAL 2,000,000.00 MINISTRY OF BUDGET INFRASTRUCTURE Construction of drains of the bureau of public procurement 4,382,006.00 Additional work on the drainage, painting and landscaping. 2,402,812.80 6,784,818.80 TOTAL 6,784,818.80 MIN. OF LANDS INFRASTRUCTURE Compensation to owner of properties demolition 79,980,898.84 79,980,898.84 TOTAL 79,980,898.84 SEPA INFRASTRUCTURE Construction of drainage and culvet 24,964,886.36 Rehabilitation of street of Are-Iworoko road 3,277,032.88 earth dredging of emirin stream channel 4,002,757.50 rain storm at okesa 15,600,000.00 flood and erosion control works in Ado 6,000,000.00 construction pf land drain and culvert 4,325,430.94 estimates/engineering design of flood & erosion 1,233,800.00 59,403,907.68 TOTAL 59,403,907.68 ELECTRICITY BOARD INFRASTRUCTURE extension of low voltage network 12,666,150.00 extension of power supply fof govt house 2,500,000.00 extension of low voltage network 11,673,837.21 extension of electricity & installation 33,375,235.56 133 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 extension of electricity & installation at gifted schl. 34,554,534.90 94,769,757.67 OFFICE EQUIPMENT connection of high court central plant 15,331,290.00 repair of 1400kva generator 11,340,697.67 Acqusition of 250KVA generator at Govt. house 61,395,343.84 repair of generator 11,340,697.69 99,408,029.20 FURNITURE & FITTING Connection of new governor office 16,913,724.00 16,913,724.00 TOTAL 211,091,510.87 BUREAU OF PRODUCTIVITY AND EMPOWERMENT OFFICE EQUIPMENT Purchase of equipment 1,542,000.00 1,542,000.00 TOTAL 1,542,000.00 Payment for 2nd quarters of the general cleaning of Govt. house and Govr. GOVT. HOUSE AND PROTOCOL INFRASTRUCTURE Office Environment 30,000,000.00 Payment for 3rd and 4th quarters of 2017 on general cleaning of Govt. house and Govr. Office 25,000,000.00 Payment for 2nd quarter of year 2018 on general cleaning of Govt. house and surrounding 25,000,000.00 General cleaning of Govt house and surrounding (part payment of 1st and 2nd quarter 2018) 25,000,000.00 Outstanding balance of 2017 payment on 2nd quarter on year 2018 on General Cleaning of Govt house Surrounding 25,000,000.00 Renovation of Ekiti State Govt. House, Oke Bareke, Ado-Ekiti 100,162,949.99 230,162,949.99 TOTAL 230,162,949.99 EKSUTH INFRASTRUCTURE Renovation of Maternity Complex Ado-Ekiti 14,605,857.50 14,605,857.50 TOTAL 14,605,857.50 POLITICAL AND ECONOMIC TRANSPORTATION EQUIPMENT Purhases of Toyotta Cruiser Jeep (2018 model) 62,068,966.00 Procurement of one unit of 2018 Lexus (US Specs) 75,862,068.96 134 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Procurement of one unit Honda Accords 2018 Model 31,034,483.00 168,965,517.96 TOTAL 168,965,517.96 Procurement of Equipment and accessories of H.R Payroll and Payment ACCOUNTANT GENERAL OFFICE EQUIPMENT Solution 52,288,362.79 52,288,362.79 TOTAL 52,288,362.79 Additional work / variation on the construction of the Gifted International SUBEB INFRASTRUCTURE Academy Afao 20,079,285.60 Additional work / variation on the construction of the Gifted International Academy Afao 14,821,790.05 Additional work / variation on the construction of the Gifted International Academy Afao 6,440,791.47 41,341,867.12 OFFICE EQUIPMENT Instructional Materials 26,693,800.00 26,693,800.00 TOTAL 68,035,667.12 BOARD FOR TECHNICAL AND Procurement of tools Equipment and Training Material for GTC Ikole, Igbara- VOCATIONAL EDUCATION OFFICE EQUIPMENT Odo 11,774,141.25 Upgrading of equipment of facilities at GTC Ado - Ekiti 937,553,604.01 949,327,745.26 INFRASTRUCTURE Upgrading of facilities at GTC Ado - Ekiti 562,532,162.41 562,532,162.41 LAND AND BUILDING Construction of computer Laboratory / Lecture Room at GTC Ikole Ekiti 7,013,960.86 Construction of Electricity Workshop at Ikole Ekiti 998,011.75 8,011,972.61 TOTAL 1,519,871,880.28 GENERAL ADMINISTRATION DEPARTMENT TRANSPORTATION EQUIPMENT Purchase of Toyotal Land Cruiser Jeep 73,000,000.00 Procurement of 2 unit of KIA RIO EX model for Govt use in Ekiti 22,352,941.18 Procurement of 1 unit of KIA RIO EX model for Govt use, in Ekiti 9,900,000.00 Procurement of 1 unit of KIA updating 2017 model for Govt use, in Ekiti 14,908,045.00 135 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Procurement of 2 unit of facility use Lexus Car model E350 2007 for Govt use in Ekiti 8,655,632.18 Procurement of 1 unit of Toyota Pado Jeep 2018 model for use of head of vservice in Ekiti 37,356,322.00 166,172,940.36 TOTAL 166,172,940.36 UTILITY SERVICE DEPARTMENT ( GAD) LAND AND BUILDING Renovation of PTAD building at old Govnor off Ado Ekiti 3,510,750.00 Renovation of PTAD building at old Govnor off Ado Ekiti 2,106,450.00 Renovation of PTAD building at old Govnor off Ado Ekiti 1,053,225.00 6,670,425.00 TOTAL 6,670,425.00 MINISTRY OF EDUCATION FURNITURE AND FITTING Supply and installation of furniture and fitting to Lab. 66,497,494.87 Procurement of 150double bunk for Gifted school 23,925,000.00 Procurement of 150double bunk for Gifted school 23,925,000.00 Incurement of 1000 furniture items 21,500,000.00 Procurement of 1000 unit of furniture items 21,500,000.00 Supply and installation of furniture and fitting to Lab. 66,497,494.87 223,844,989.74 PLANT AND MACHINERY Supply and installation of inverter and solar system 12,354,000.00 Supply and installation of inverter and solar system 12,354,000.00 24,708,000.00 INFRASTRUCTURE Work and Sinking of bole hole at Govt College Efon 2,200,000.00 2,200,000.00 OFFICE EQUIPMENT Purchase of 7 N0 of photoicopy machine for Min. of Edu. 990,500.00 Procurement of 250 Nos student laptop 15,000,000.00 Purchase of 50 Nos laptop and 50 Nos laserjet printers 4,995,000.00 Procurement of 250 Nos student laptop computer 15,000,000.00 Procurement of science equipment for Gifted school 15,153,451.95 Procurement of science equipment for Gifted school 15,153,451.95 Procurement of 7 Nos sharp photocopy for Min. of Edu. 990,500.00 Printing of continous assessment for public school in Ekiti state 6,397,900.00 136 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Purchase of 50 Nos laptop computer and 50 Nos of printer for Min. of Edu. 4,995,000.00 78,675,803.90 TRANSPORT AND EQUIPMENT Procurement of 36 Nos fairly used Vehicle for AEO 49,410,000.00 Procurement of 36 Nos fairly used Vehicle for AEO. 49,410,000.00 Procurement of 1 toyotta 4x4 WD Hilux and 1 KIA 43,500,000.00 Procurement of 1 toyotta 4x4 WD Hilux and 1 KIA 43,500,000.00 185,820,000.00 LAND AND BUILDING Renovation of boy's hostel at Govt Science College , Iyin-Ekiti 1,370,654.88 Additional work on the renovation of boy's hostel at govt College Ado-Ekiti 857,594.64 Renovation of boy's Hostel at Govt College Ado-Ekiti 2,125,176.90 Renovation of Dinning Hall at Govt College Usi-Ekiti 279,832.76 Construction of Girls's hostel at govt College Ayede-Ekiti 7,920,000.00 Completion of Science Laboratotry at Govt College Ayede-Ekiti 751,464.00 Renovation of Boarding House Mistress Quarter at Govt. College Ikere- Ekiti 3,676,951.29 Renovation of SS2 Block at Govt College Ikere-Ekiti 2,522,062.10 Renovation of a Block of Classroom at Govt College Oye-Ekiti 236,333.96 Renovation of JSS2 Block at Are/Afao Comprehensive. High School 2,543,365.97 Renovation of Girls's Hostel at Govt. College Ikere-Ekiti 2,196,237.10 Renovation of Workshop Block At Are/Afao Comprehensive High School 3,848,969.35 Renovation JSS1 & JSS2 Block at Annouciation Ikere-Ekiti 7,136,369.45 Renovation of School Hall at Are/ Afao Comp. 3,510,431.45 Renovation of Ijaloke Comp. High School Emure-Ekiti 4,147,217.87 Renovation of Examination Hall at Anouciation school Ikere-Ekiti 3,557,352.54 Renovation of SS2 Block at Eyemojo Comp. High Osan -Ekiti 2,152,854.98 Renovation JSS1 Block at Govt. College Ikere-Ekiti 2,398,158.47 Construction of Area Education Office, Efon-Alaaye 7,892,575.52 Construction of Area Education Office, Ilawe-Ekiti 7,892,575.52 137 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Construction of Area Education Office, Ido-Ekiti 7,892,575.52 Renovation of Girls Hostel at Emure-Ekiti 523,133.14 Renovation of Admin. SSS' Block at Anounciation School Ikere-Ekiti 2,308,375.00 Renovation of SS1 Block at Eyemoju Comp. School Osan-Ekiti 2,101,654.88 Renovation of Girls Hostel at Govt. College Ikere-Ekiti 1,976,613.38 Renovation of SS2 block at Govt. College, Ikere-Ekiti 2,269,855.88 Renovation of Tutor General's Office at Ikere-Ekiti 992,042.46 Construction of class room at Ado Grammar School Ado Ekiti 5,671,660.57 Ronovation of Techinical block Eyemojo Compr. High School Osan Ekiti 1,908,324.78 Ronovation of Ogoga Block at Announciation School Ikere Ekiti 4,936,007.50 Ronovation of staff Quarter Announciation School, Ikere Ekiti 1,016,594.25 Ronovation of City block Hostel and Admin Block At St Louis Girls School, Ikere Ekiti 577,500.00 Ronovation of Examination Hall at Announciation high School Ikere Ekiti 3,201,617.28 Ronovation of Admin & SS2 block at Announciation School Ikere Ekiti 2,077,537.50 Ronovation of Staff Quarters at St Louis Girls School, Ikere Ekiti 1,162,560.00 Renovation of Workshop Block At Are/Afao Comprehensive High School 3,464,072.41 Additional work with renovation of Boy's Hostel at Govt College Ado-Ekiti 45,136.56 Renovation of Boy's Hostel at Govt College Ado-Ekiti 531,294.23 Re-Construction of 3 Classroom at AUD Comp High School ado-Ekiti 5,671,660.58 Renovation of Tutor General's Office at Ikere-Ekiti 892,838.21 Renovation of SS1 Block at Eyemoju Comp. School Osan-Ekiti 1,891,489.39 Renovation of Science Laboratory Block at osi Comp. High School 1,779,987.50 Renovation of block of staff quarters at Annouciation School, Ikere-Ekiti 914,934.82 Renovation of s block of Staff Quarters at St. Louis Grammar School 1,046,304.00 Construction of Area Education office Ido-Ekiti 7,103,317.96 Renovation of SSII block at Eyemojo Comp. High School School. Osan-Ekiti 1,937,569.48 Renovation of Technical block of two Classroom at Eyemojo Comp. High School, Osan-Ekiti 1,717,492.00 138 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 Renovation of JSS1 block at Govt. College Ikere-Ekiti 2,158,342.62 Renovation of Boarding House Mistress Quarter at Govt. College Ikere- Ekiti 3,309,256.16 Renovation of JSS1 & II block at Annouciation School Ikere-Ekiti 6,422,737.51 Renovation of School Hall at Are/ Afao Comp. 3,159,388.31 Construction of a 3 block of Classroom at Ado-Ekiti 5,104,494.52 Construction of Area Education Office at Efon Alaaye 7,103,317.96 Renovation of JSSII block at Are/ Afao Comp. High School 2,289,029.37 Reconstruction of a block of three classroom at AUD Compr. High School. Ado-Ekiti 5,104,494.52 Renovation of City Block Hostel and Admin Block at St. Louis, Ikere-Ekiti 519,750.00 Renovation of Ogoga Block, JSSI block at Annouciation Ikere (45%) 4,442,406.75 Construction of Area Education Office, Ilawe-Ekiti (45%) Outstanding 7,103,317.96 Renovation of Ijaloke Grammar School Hall Emure-Ekiti 3,732,496.08 Construction of Girls Hostel at Govt Science College, Ayede-Ekiti 880,000.00 Additional work of the renovation of a block of 4 Science Laboratory at Osi Compr. High School,Osi-Ekiti 1,601,988.75 Renovation of a block of Science Laboratory Osi Compr. High School Osi-Ekiti 2,254,656.93 187,814,005.47 TOTAL 703,062,799.11 SEPIP OFFICE EQUIPMENT Setting up of Aquaponic system in Ekiti gifted school, Afao 71,032,436.38 Procurement of ICT equipments to schools in Ekiti 51,758,605.62 122,791,042.00 YESSO OFFICE EQUIPMENT Procurement of ICT equipment for use in office 223,650.00 223,650.00 Rehabilitation of Ero and Ureje Dams and Replacement of pipelines from NUWSRPS (3RD) INFRASTRUCTURE Ifaki to Ado 771,168,465.00 771,168,465.00 EDUCATION TRUST FUND (ETF) INFRASTRUCTURE Renovation of Schools across the State 360,103,488.00 360,103,488.00 GRAND TOTAL 16,039,174,635.56 139 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 23: SCHEDULE OF FIXED ASSETS (WORK IN PROGRESS) S/NO MDAs CLASSIFICATION DETAILS AMOUNT TOTAL N N 1 Min. of Works Land and Building construction of modern Oja Oba market 1,577,074,209.00 1,577,074,209.00 TOTAL 1,577,074,209.00 140 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 24: UNREMITTED DEDUCTIONS S/NO DETAILS 31/12/18 31/12/2017 ₦ ₦ 1 Unremitted Deductions from Salary 1,767,651,852.18 1,265,750,692.70 2 Unremitted Taxes (FIRS) 143,278,818.21 - TOTAL 1,910,930,670.39 1,265,750,692.70 NOTE 25: PAYABLES S/NO DETAILS 31/12/18 31/12/2017 ₦ ₦ 1 Salaries and Wages 4,104,952,070.05 5,818,925,332.85 2 Pension 1,206,843,078.92 1,519,119,649.40 3 10% Contribution to CPS 78,901,417.12 64,505,487.36 4 Gratuities 12,967,804,712.10 10,434,373,386.08 TOTAL 18,358,501,278.19 17,836,923,855.69 NOTE 26: ACCRUED EXPENSES S/NO DETAILS 31/12/18 31/12/2017 ₦ ₦ 1 Overhead - 94,850,519.38 2 Transfer to Other Fund - 113,597,650.00 3 Grants/Subventions 4,047,798,841.15 4,334,248,241.98 TOTAL 4,047,798,841.15 4,542,696,411.36 141 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 27: FACILITY REPAYMENT (FOREIGN LOAN DRAWN DOWN) OPENING OPENING BALANCE (2017 BALANCE (2018 ADDITIONAL PRICIPAL INTEREST TOTAL PAYMENT S/NO HEADS RATE) RATE) LOAN TOTAL LOAN PAYMENT PAYMENT TOTAL PAYMENT IN NAIRA CLOSING BALANCE A B C D E F=D+E G H I=G+H J K=F-G $ $ $ $ $ $ $ N $ 1 SNPFS-ADF 9,845,451.00 9,538,840.27 9,538,840.27 96,351.93 0 96,351.93 15,512,805.00 9,442,488.34 MULTI STATE AGRIC DEV. 2 PROJ. (46%) 3,914,028.19 3,831,653.65 - 3,831,653.65 589,485.19 27,632.12 617,117.31 193,854,921.01 3,242,168.46 COMM BASED POVERTY 3 REDUCTION 8,823,110.70 8,637,419.80 - 8,637,419.80 265,201.20 64,283.40 329,484.60 101,514,979.82 8,372,218.60 UNIVERSAL BASIC 4 EDUCATION 2,774,322.65 2,774,322.65 - 2,774,322.65 125,000.00 20,573.04 145,573.04 44,548,948.03 2,649,322.65 HEALTH SYSTEM DEV. 5 PROJ. (II) 2,208,993.44 2,165,503.02 - 2,165,503.02 142,168.96 15,952.21 158,121.17 48,662,100.94 2,023,334.06 6 HIV/AIDS PROGRAMME 1,611,657.96 1,577,739.06 - 1,577,739.06 53,398.46 11,732.91 65,131.37 20,067,112.32 1,524,340.60 3RD NATIONAL FADAMA 7 DEV. PROJECT 4,061,160.50 3,975,689.42 - 3,975,689.42 39,756.89 29,817.66 69,574.55 21,637,643.37 3,935,932.53 HEALTH SYSTEM DEV. 8 PROJ. (ADD. FINANCE) 3,196,466.99 3,129,194.23 - 3,129,194.23 32,178.91 23,468.95 55,647.86 17,491,961.24 3,097,015.32 2ND HIV/AIDS 9 PROGRAMME 4,540,210.59 4,444,657.43 - 4,444,657.43 - 33,334.93 33,334.93 10,485,938.90 4,444,657.43 STATE EDUCATION 10 PROGRAM INV. PROJ. 32,933,320.13 32,933,320.13 11,366,673.82 44,299,993.95 - 292,588.39 292,588.39 87,788,892.66 44,299,993.95 3RD NATIONAL URBAN 11 WATER SECTOR REFORM 4,144,838.50 4,057,606.32 19,122,519.97 23,180,126.29 - 121,591.45 121,591.45 31,426,405.89 23,180,126.29 TOTAL 78,053,560.65 77,065,945.98 30,489,193.79 107,555,139.77 1,343,541.54 640,975.06 1,984,516.60 592,991,709.18 106,211,598.23 142 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 27: FACILITY REPAYMENT (FOREIGN LOAN DRAWN DOWN) $ N INTEREST PAYMENT 640,975.06 191,523,347.93 CAPITAL PAYMENT 1,343,541.54 401,450,212.15 JANUARY-DECEMBER 2018 N N BALANCE B/F 20,748,175,056.79 ADDITION 9,709,551,141.08 TOTAL 30,457,726,197.87 LESS: PRINCIPAL REPAYMENT 423,196,344.28 BALANCE C/D 30,034,529,853.59 143 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2018 NOTE 28: FACILITY REPAYMENT (DOMESTIC LOAN) OPENING ADDITIONAL PRINCIPAL INTEREST S/NO HEADS BALANCE LOAN TOTAL LOAN PAYMENT PAYMENT TOTAL PAYMENT CLOSING BALANCE A B C D E=C+D F G H=F+G I=E-F ₦ ₦ ₦ ₦ ₦ ₦ ₦ 1 FGN BONDS 18,379,373,970.53 - 18,379,373,970.53 270,049,872.21 2,707,793,949.15 2,977,843,821.36 18,109,324,098.32 2 BAIL OUT 9,191,647,460.82 - 9,191,647,460.82 272,012,693.81 764,740,617.28 1,036,753,311.09 8,919,634,767.01 3 BOND PROCEEDS 7,263,257,160.69 - 7,263,257,160.69 4,804,267,272.12 - 4,804,267,272.12 2,458,989,888.57 4 SKYE (SCOA) 110,000,000.00 - 110,000,000.00 - - - 110,000,000.00 5 ACCESS (ECA) 9,657,277,972.72 - 9,657,277,972.72 306,846,315.34 1,132,918,539.60 1,439,764,854.94 9,350,431,657.38 6 BUDGET SUPPORT FUND 16,869,000,000.00 - 16,869,000,000.00 - - 16,869,000,000.00 7 UBEC 2012/2015 2,687,788,065.28 - 2,687,788,065.28 700,000,000.00 700,000,000.00 1,987,788,065.28 8 NUWSRP- 3 246,675,000.00 - 246,675,000.00 164,450,000.00 - 164,450,000.00 82,225,000.00 9 FOSTERFIELD - 287,500,000.00 287,500,000.00 287,500,000.00 33,846,462.20 321,346,462.20 - 10 JAAC 240,000,000.00 - 240,000,000.00 60,000,000.00 60,000,000.00 180,000,000.00 TOTAL 64,645,019,630.04 287,500,000.00 64,932,519,630.04 6,865,126,153.48 4,639,299,568.23 11,504,425,721.71 58,067,393,476.56 144 Report of the Accountant-General of Ekiti State for the year ended 31th December, 2018 EKITI STATE OF NIGERIA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2018 ANNEXURE III A: BUDGET SIZE AND PERFORMANCE (CASH BASIS) DETAILS BUDGET ACTUAL AMOUNT PERFORMANCE (%) REVENUE ₦ ₦ 1 RECURRENT REVENUE 67 92,417,450,407.84 66,719,055,756.21 72.19 2 CAPITAL RECEIPTS 10 16,120,622,405.68 9,997,051,141.08 62.01 TOTAL REVENUE 108,538,072,813.52 76,716,106,897.29 70.68 EXPENDITURE 1 RECURRENT EXPENDITURE 75 74,803,953,943.11 66,492,183,786.27 88.89 2 CAPITAL EXPENDITURE 34 33,734,118,870.41 11,966,138,376.61 35.47 TOTAL EXPENDITURE 108,538,072,813.52 78,458,322,162.88 72.29 ANNEXURE III B: PRIOR YEAR COMPARATIVE ANALYSIS (CASH BASIS) DETAILS JAN-DEC 2018 JAN-DEC 2017 PERCENTAGE CHANGE (%) REVENUE ₦ ₦ 1 RECURRENT REVENUE 66,719,055,756.21 56,791,187,976.54 17.48 2 CAPITAL RECEIPTS 9,997,051,141.08 12,503,926,117.57 (20.05) TOTAL REVENUE 76,716,106,897.29 69,295,114,094.11 10.71 EXPENDITURE 1 RECURRENT EXPENDITURE 66,492,183,786.27 58,135,765,434.62 14.37 2 CAPITAL EXPENDITURE 11,966,138,376.61 13,353,306,731.45 (10.39) TOTAL EXPENDITURE 78,458,322,162.88 71,489,072,166.07 9.75 145 Report of the Accountant-General of Ekiti State for the year ended 31st December, 2017 EKITI STATE OF NIGERIA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2018 ANNEXURE IV: SCHEDULE OF BOND REPAYMENT AS AT 31ST DECEMBER , 2018 FIRST TRANCHE SECOND TRANCHE TOTALS INTEREST PAID (40% INTEREST PAID (42% TOTAL PRINCIPAL TOTAL INTEREST YEAR PRINCIPAL PAYMENT OF TOTAL PAYMENT) TOTAL PAYMENT PRINCIPAL PAYMENT OF TOTAL PAYMENT) TOTAL PAYMENT PAYMENT PAYMENT TOTAL PAYMENT A B A+B C D E F=A+C G=B+D H=F+G (N) (N) (N) (N) (N) (N) (N) (N) (N) 2011 714,954,326.38 476,636,217.59 1,191,590,543.97 - - - 714,954,326.38 476,636,217.59 1,191,590,543.97 2012 2,859,817,017.53 1,906,544,678.35 4,766,361,695.88 - - - 2,859,817,017.53 1,906,544,678.35 4,766,361,695.88 2013 2,859,817,017.53 1,906,544,678.35 4,766,361,695.88 - - - 2,859,817,017.53 1,906,544,678.35 4,766,361,695.88 2014 2,859,818,217.59 1,906,545,478.40 4,766,363,695.99 713,107,680.04 516,388,320.03 1,229,496,000.07 3,572,925,897.63 2,422,933,798.43 5,995,859,696.06 2015 2,859,817,016.40 1,906,544,677.60 4,766,361,694.00 713,107,678.91 516,388,319.21 1,229,495,998.12 3,572,924,695.31 2,422,932,996.81 5,995,857,692.12 2016 2,859,817,016.40 1,906,544,677.60 4,766,361,694.00 713,107,678.91 516,388,319.21 1,229,495,998.12 3,572,924,695.31 2,422,932,996.81 5,995,857,692.12 2017 2,859,817,016.40 1,906,544,677.60 4,766,361,694.00 713,107,678.91 516,388,319.21 1,229,495,998.12 3,572,924,695.31 2,422,932,996.81 5,995,857,692.12 2018 2,144,862,763.20 1,429,908,508.80 3,574,771,272.00 713,107,680.07 516,388,320.05 1,229,496,000.12 2,857,970,443.27 1,946,296,828.85 4,804,267,272.12 TOTAL 20,018,720,391.43 13,345,813,594.29 33,364,533,985.72 3,565,538,396.84 2,581,941,597.71 6,147,479,994.55 23,584,258,788.27 15,927,755,192.00 39,512,013,980.27 SUMMARY DETAILS FIRST TRANCHE (N) SECOND TRANCHE (N) TOTAL (N) PRINCIPAL LOAN OBTAINED (A) 20,000,000,000.00 5,000,000,000.00 25,000,000,000.00 INTEREST PAYABLE (B) 13,364,531,872.00 3,606,472,000.84 16,971,003,872.84 TOTAL LOAN PAYABLE (C=A+B) 33,364,531,872.00 8,606,472,000.84 41,971,003,872.84 TOTAL PAYMENT AS AT 31/12/2018 (D) 33,364,533,985.72 6,147,479,994.55 39,512,013,980.27 BALANCE AS AT 31/12/2017 (E=C-D) (2,113.72) 2,458,992,006.29 2,458,989,892.57 146