REPUBLIC OF KENYA OFFICE OF THE AUDITOR-GENERAL REPORT OF THE AUDITOR-GENERAL ON THE FINANCIAL STATEMENTS OF KENYA YOUTH EMPLOYMENT AND OPPORTUNITIES PROJECT NO: IDA - 5812 FOR THE YEAR ENDED 30 JUNE 2018 NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) THE ýNIT WORLD BANK Project Name: KENYA YOUTH EMPLOYMENT AND OPPORTUNITIES I>ROJECT Implementing Entity: NATIONAL INDUSTRIAL TRAINING AUTHORITY PROJECT CREDIT NUMBER: IDA-5812-KE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED JUNE 30, 2018 1 Prepared in accordance with the Cash Basis of Accounting Meihod unde da International Public Sector Accounting Standards (IPSAS) NITA -KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 CONTENTS PAGE 1. PROJECT INFORMATION AND OVERALL PERFORMANCE.. ............... ............RORMANCE...................*... 2. STATEMENT OF PROJECT MANAGEMENT RESPONSIBILITIES .................................. .............................. ..x 3. REPORT OF THE INDEPENDENT AUDITORS ON THE KYEOP PROJECT.................. ..............................x 4. STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 30TH JUNE 2017......................... 1 5. STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 30TH JUNE 2017................................... 2 6. STATEMENT OF CASHFLOW FOR THE PERIOD 30TH JUNE 2017............................................................ 3 7. STATEMENT OF COMPARATIVE BUDGET AND ACTUAL AMOUNTS........................................................4 8. NOTES TO THE FINANCIAL STATEM ENTS ................................... .................... ................................5 9. OTHER IM PORTANT DISCLOSURES .....SCLOSURES.2........................................5-.....-.. ... . ..................................... 25 10. PROGRESS ON FOLLOW UP OF AUDITOR RECOMMENDATIONS ......................................................... 26 1 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 1. PROJECT INFORMATION AND OVERALL PERFORMANCE 1.1 Name and registered office Name: The Project's Official Name is F Kenya Youth Employment and Opportunities Project Objective: The key objectives of the project is to increase employment and earnings opportunities for targeted youth. Address: The project offices are headquartered in Nairobi, Nairobi County, Kenya. The address of its registered office is: Commercial Street, Industrial Area Nairobi. P.0 Box 74494-00200, Nairobi The project also has offices/branches as follows: * Mombasa * Kisumu * Nakuru * Kwale Contacts: The following are the project contacts Telephone: (+254) -020-2695586/9 E-mail: directorgeneral@nita.go.ke Website: www.nita.go.ke 1.2 Project Information Project Start Date: The project start date is 20/05/2016 Project End Date: The project end date is 31/12/2021 Project Manager: The Project Director is Mr Stephen Ogenga Project Sponsor: The project sponsor is The International Development Association 1.3 Project Overview Line Ministry/State The project is under the overall supervision of the Ministry of Public Department of the Service Youth and Gender Affairs (MPSYGA). NITA-KYEOP Reports project through its line Ministry, the Ministry of Labour and Social Protection(ML&SP). L I NITA -KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 Project number 5812-KE Strategic goals of the The strategic goals of the project are as follows: project (i) Increase Employment for Youth (ii) Increase Earning Opportunities for Youth F Achievement of The project management aims to achieve the goals through the following strategic goals means: (i) Improving Youth Employability (ii) Support for Job Creation (iii) Improving Labour Market Information (iv) Strengthening Youth Policy Development and Project Management Other important The project consists of four components to be implemented by four background agencies. Component 1, being implemented by NITA and MPSYGA information of the addresses the skills mismatch of youth by engaging training providers and project private sector employers to offer training and work experience to targeted youth. Component 2, being implemented by Micro Small Enterprise Authority(MSEA), responds to the need for job creation with initiatives to help launch new businesses, support innovative approaches to improve job and earning opportunities among the hard to serve youth. Component 3 being implemented by ML&SP, plans to improve access to and quality of labour market information. Component 4, being implemented by MPSYGA provides support for strengthening youth policy development, monitoring and valutionand enerl spervision of the entire project. Current situation that The project was formed to intervene in the following areas: the project was (i) Improving Youth Employability fonned to intervene (ii) Support for Job Creation (iii) Improving Labour Market Information (iv) Strengthening Youth Policy Development and Project Management Project duration The project started on 20t' of May 2016 and is expected to run until 31st December 2021. 1.4 Bankers The following is the banker for the current year: (i) Kenya Commercial Bank ii \II. 1-KIEOP Proicct Report and ! inancial Siarements For ie financial tear ended June 30, 208 _ 1.5 Auditors The projcct is audited yy the Office of ie Auditor General. 1.6 Roles and Responsibilities List the diterem people who wil be working on the procct This list would include the project m.anager and all he key stakhode'rs who wilI be imtoh ed with the pro jct Al.so- record teir roie, their positions. and their contact n imation. äNames Titie designation Key gualification Responsibilities Dr Kamau Gachin.i Chairman. National B.Sc. l Ions- in Chair of the AD HOC ndusruial Trairn Mtcerials Science. Steerin- CkmmiLee 3oard University of Bath (UK) ol' the Board Charged 1985-1988 with the Overall Stenardship o! NI-A- M.S. in Solid Stae KYEOP Science. INIRL 1he Penn:yvana Suaie University (USA) 1990- 1993 PhD. in Solid Sie Sciee.IMRL The Pennsýylvania state University (USA) 1993- 1996 Juequeline Mugo Be \a.on Bachelor of laws (LLB Member - AD HOC Tin-sr,l Tr0ni HONS) Sieerin. Commiec Board represemin of fhi 3oard Chargcd 1-KL Higher Diploma in vith the Overal l Human Resource Stexardship of NITA- Managemen KYFOP i llE KYEOIP Project Rep~ and Finami 1ateuent For-the finuicia yea ended Jui,e 30, 2018 Enu. Aran Mbu Miember National c Chairman Finance 1Member - AD 110C Industrial [ raining and L ex Steering Comminee Board representing Administraion oE the Board Charged FKE Gmn ee \ITB with the 0- ervai SStewardship fNI TA- 1987 to date KYFOP kManaging Director Rift Vallev MqachinerxMme DI~ •1978-1987 -Seior Mlanagement Undlever Grou_n Erest Nadome Vice Chairman Member AD HOC National tidustrial Chairman Human Steering Comminee I raininc Board Resource and of the Board Charged Goerance commnitte iii the Oerail Y1 Såewardship of NA- KYEOP MA in Labour M1anagement Relations Ir Shah OGW niember National Chairman Audit Risk Member - AD HOC Ir Tran ent commee Commnte Board NITB3 of the Board Charge-d representing FKI with the Overall Been in business for over Stesvardship of NITA- 60 ars.5 in !ea,ership KYEOP Been MD.Chairman in Kena & several regional companies: B-en ( hFrmaa iKE. East African Business council and others: .\lT - Y EOP> P'rojcel Reports and F'inam inl Staement. f-or tí financial iyar ende'd June 30, 2018 Ra en Shah \leNImber National * Chairman -lember AD 110C Indusirial TraininL Industrial Steering Committe Board !aining Sector of the Board Chare d Representing Speci Cominiee NITB with the Overall hileresis SnedsNpr of N\f A- Founding, CEO of KYEOP Multimoto Co. Lid to present He is trained in' sales consulting, production ollerationls Rl Pål Dircor Gener, Master o aw in Lbour .e-lrl senar hSp law1s. Uvix,ersit\ of South of the Authoriv's Africa ACi ilies including Post graduate diploma 1-inHance and aw. Kenya School of Adnuisuraå'or Bachelor of laxs (LL-B) Upper second divismn Universitv of Nairobi SIephen O-en-a Project Director NLCng. SG. (Computer (erral auageme Engineering~ B hng. of af pr:e :nu. Tech. I outputs and reied (Electrical/Electronic) activiies under IMember IE Component 1 of the Member (nst. Of Emg, KYLOP William Mwanza Deputy Project Bachelor of Philosophv Assist the Projeci Coordinator N,lechanical Fnineering coordinator/direetor in the genral mnagement of all proect inputs, outputs and related actiJties under Component I ____________ _______________________of the KYEOP __ ,NIT TA EOP Project Reports and Financial Sta temen'1ts trii fläiiw lret enaýi hato 30, 20ulS BioniiPace Ki11 i Operations lanager M4Sc in E Xntrepeeursaiup Ia ihe Developnent M4Sc in oper ations of the Appbed Management & project L eadership.1 Higher trepreneur ship Development and Diploma in Technical Education - MchaŽnicai 1 i~nmeennir O)ption Teresa Lagai Project Aulitor IBA from Universitv of Nm2age all the Nairobi. internal audits of the C1FE. CPA K) Project. Jul Nne Ag. Finance Manager MBA nrom Kenyata Mnage all he n1eriy;ara ~ and BCOM Finance. CPA accounting activities (K) of tlie Authoritv Solomon Asvani Projeci Accountant MBA (University ofl Manage all the Nairobi).Bachelor of financial and Comm rerce 1. ni crsity accounting activities1 f irohi:n CPAtK ~ of thec KYEOP-NiTA __________________________ ___________________ conmponenr NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 Beartice Omala Project Procurement Bachelor of Manage all the Officer Commerce(JKUAT), Post procurement Graduate Diploma in processes of the Purchasing and Supplies KYEOP- NITA Management(UON), component CIPS Level 4 VII NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 1.7 Funding summary The Project is for a duration of 5 years from 2016 to 2021 with an approved budget of US$ 58,000,000 (SDR 41,170,000 as per the Financing Agreement) equivalent to KShs 5,800,000,000 as highlighted in the table below: Below is the funding summary: 0) Credit US KSHS USD KSHS USD KSHS International Development Association 58,000,000 5,800,000,000 2,514,851 254,000,000 55,485,149 5,546,000,000 (ii) Loan 0 0 0 0 0 0 (iii) Counterpart funds Government of Kenya 0 0 0 0 0 0 Total 15890 5,0000,0 5-4,4 8511 24 000 5548514 5,546,000,000 1.8 Summary of Overall Project Performance: - The Budget approved for the financial year was Kshs 217,980,963. This comprised a balance of Kshs 63,980,963.65 at the beginning of the financial year and amounts received by the Project Account of Kshs 154,000,000 as per four Withdrawal Applications submitted and forwarded to National Treasury through the State Department for Labour in the course of the year, that represented the current year budget approved by National Treasury under the revised Supplementary II Development Estimates of 2017-2018 financial year. The project was able to absorb funds to the tune of Kshs 133,310,259 (Actual Payments) representing an absorption rate of 61% compared to 37% in the 2016-2017 Financial Year. This rate of absorption was an improvement compared to the rate achieved in the last financial year. Major funds absorption related to payment of stipends and fees to beneficiary youths and Training providers respectively, Capacity building through foreign travel and Preparatory activities through domestic travel, salaries for consultants and pedagogical viii NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 upskilling of identified Master Craftsmen. - Progress was marginally hampered due to late receipt of some funds at the tail end of the year, but moving forward to the next financial year more progress in terms of funds absorption is expected to be achieved through regular communications and interactions between NITA and its Line Ministry, National Treasury and World Bank. 1.9 Summary of Project Compliance: - No significant cases of non-compliance with applicable laws and regulations, and essential external financing agreements/covenants were reported in the financial year. ix 'i JAT YIO P Projeer Report anid Financial Stenn For fie financial year ended June 30, 2018 2. STATEMENT OF PROJECT -M ANAGEMFNT RESPONSIBILITIES The Director General for the Authority (NITA) and the Projec Diretcor for Kenra Youtlh Eiployniet and Opportunities Project (NITA-KYEOP) are responsible for Ilie preparation and presentation of the Project's financial statements. which give a true and fair view of the state of affairs of the Project for and as at the end of the finan-l ear ended on June 1 20 This resons-fihty in(udes: i) ninmaning adequate -uJannid ranament arateme-t and ensurina tha these conlinue to be effective throughout the reponing period: (ii) inaintaining proper accounting records. which disclose with reasonable accuracy at any time the financial position of the Project: (iii) designing, implementing and maintaining inter7d controls relevant to the preparation and fair presentation of the financial statementL and ensurin that they are fre i nom material misstatements. whether duc to error or f9ud: (iri safeguarding the asers of the Proiect: selecting and appling approprime accouming policies: ard (v) r.akngaentirg; estimaes ,1a are resonabe in fle circumstances. The Directoir General for the Authority and the Proje; Direcior for NI/4-KEOP accept responsibilir for the Project's financial statemenws, which have been prepared on the Cash Basis MedJed of Financial Reporting. using- appropriae acoumin policies in accordance wit Inýemuionai Public Sector Accounting Standards. The Director General for the Authority and the Project Director for NIT4-KYEOP are of the opinion that the Project's financial statements give a true and fair view of the state of Projects transactions duing the finanl yearperod ended June 30, 218, an of the Projec -s facal position as at that date. The Direcor Gneral for the Authority and the Projct Director for AQA-KIEOP frther confirm the completeness of the accounting records maintained for the Project, which have been relied upon in the preparation of the Project financial statements as well as the adequacy of the systems of intemal financial control The Dircor General for the Authority and the Projeci Director for ATA-ETEOP confirm that the Project has complied fully with applicable Government Regulations and the terns of external financing covenanis, and that Project funds received during the financial year/period under audit were used for the eligible purposes for which they were intended and were properly accounted for. Approval of the Project financial statements The Project financial statements were approved by the Director General for the Authority and the PMjbçt ßirect r for NITA-K YEOP on 14 of September, 2018 and signed V-the n Director General Project DirKeor Project A countant: Paul Kosgei Stephen Ogenga Solomon Aswani ICPAK Member No:6885 x REPUBLIC OF KENYA Tel,phone: +254-20-342330 P.O. Box 30084-00100 Fax: +2 54-20-31 1482 E-mail: oag@oagkenya.go.ke NAIROBI Website: www.kenao.go.ke OFFICE OF THE AUDITOR-GENERAL REPORT OF THE AUDITOR-GENERAL ON KENYA YOUTH EMPLOYMENT AND OPPORTUNITIES PROJECT NO: IDA - 5812 FOR THE YEAR ENDED 30 JUNE 2018 - NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REPORT ON THE FINANCIAL STATEMENTS Opinion I have audited the accompanying financial statements of the Kenya Youth Employment and Opportunities Project-5812-NITA set out on pages 1 to 36, which comprise the statement of financial assets and liabilities as at 30 June 2018, and the statement of receipts and payments, statement of cash flows and statement of comparative budget and actual amounts for the year then ended, and a summary of significant accounting policies and other explanatory information in accordance with the provisions of Article 229 of the Constitution of Kenya and Section 35 of the Public Audit Act, 2015. I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audit. In my opinion, the financial statements present fairly, in all material respects, the financial position of Kenya Youth Employment and Opportunities Project-National Industrial Training Authority as at 30 June 2018, and of its financial performance and its cash flows for the year then ended, in accordance with International Public Sector Accounting Standards (Cash Basis) and comply with the Financing Agreement No.5812-KE dated 04 July, 2016. Basis for Opinion The audit was conducted in accordance with International Standards of Supreme Audit Institutions (ISSAIs). I am independent of Kenya Youth Employment and Opportunities Project-5812-NITA in accordance with ISSAI 30 on Code of Ethics. I have fulfilled other ethical responsibilities in accordance with the ISSAI and in accordance with other ethical requirements applicable to performing audits of financial statements in Kenya. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Key Audit Matters Key audit matters are those matters that, in my professional judgment, are of most significance in the audit of the financial statements. I have determined that there are no key audit matters to communicate in my report. Report q the Auditor-General on the Financial Statements of Kenya Youth Employment and Opportunities Project No: IDA - 5812/1br the year ended 30 June 2018 - National Industrial Training Authority (NITA) PromotingAccountability in the Public Sector Other Matters 1Budget Budgetar P Pero 1-0 Receipts r6rance The P rojectshdbc amnounted ha ugeted fo rece3utacu 2% as folloWt Ks:(hs 22-i or,2 resepts totallingoealecs f ss35633o 66tresulting to a aSsr s receipts Proceed fuge 51 03 or rotleds fror credits Kahs Actual 217,980,963 shs. cess/IShortfa The 17980, 93 221,497,266 Kshs ance Texcessreceipts 221,497,266 3,516,303 2 20 ecy r t attributed to foreign exchng gains , 210 The Pr had bid f ollow: hec S geted to spend Kshs.2179 b Ks~ ~~1 29reut'ng to an unde exPend'98 6 bu acra 40 ast ComPonent e nditure of Kshs.6o h 7et totalled th pensateo Budget Actor 40% as Purchase of1o mlye Ksks Actual OverUdr servies goods and e14,7,463' Kss. r/Uner Varianc Acqistio 10,8 ,15 138113shs a%c iotallsto of assets 86,913,507 (436,300)' 42,786,315 (733,68 3 Thee under expenditur 180,93 1 3 30558 (10,280,726) 46 oble~O cKlae so 84, 0,704 or 40% of408,6074 ndQoals.o the acjctw'no h ebdt ectt not R Nt achieved henc det in ip EFSU OV 4WULES 'lies that oeo RERFcSAND ~TV NU~ PBLIct Conclusion E ECTIVENESS IN As required bY AOtceUBLIC Performed I rticle 229(,) resoures ha ng ha COMLitution, ae th nubhalic to the audit Proced PPlie ec enin an ef cause tocbures epolywfullY an na ffective rna P,-Oe(t blieve Basis for Conclusion The audit was conducted in accordance with ISSAI 4000. The standard requires that I comply with ethical requirements and plan and perform the audit to obtain assurance about whether the activities, financial transactions and information reflected in the financial statements are in compliance, in all material respects, with the authorities that govern them. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my conclusion. REPORT ON EFFECTIVENESS OF INTERNAL CONTROLS, RISK MANAGEMENT AND GOVERNANCE Conclusion As required by Section 7 (1) (a) of the Public Audit Act, 2015, based on the audit procedures performed, I confirm that, nothing else has come to my attention to cause me to believe that internal controls, risk management and governance were not effective. Basis for Conclusion The audit was conducted in accordance with ISSAI 1315 and ISSAI 1330. The standards require that I plan and perform the audit to obtain assurance about whether effective processes and systems of internal control, risk management and governance were operating effectively, in all material respects. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my conclusion. REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS As required by International Development Association (IDA) and the financing agreement No.5812-KE, I report based on my audit, that: i. I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audit; ii. in my opinion, adequate accounting records have been kept by the Project, so far as appears from the examination of those records; and, iii. The Project's financial statements are in agreement with the accounting records and returns. Responsibilities of Management and Those Charged with Governance Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Public Sector Accounting Standards (Cash Report of the Auditor-General on the Financial Statements of Kenva Youth Employment and Opportunities Project No: IDA - 5812 for the year ended 30.ane 2018 - National Industrial Training Authority (NITA) Basis) and for maintaining effective internal control as management determinesi necessary to enable the preparation of financial statements that are free from materia misstatement, whether due to fraud or error and for its assessment of the effectiveness of internal control, risk management and governance. In preparing the financial statements, management is responsible for assessing the Project's ability to sustain services disclosing, as applicable, matters related to sustainability of services and using the going concern basis of accounting unless the management either intends to liquidate the Project or to cease operations, or have no realistic alternative but to do so. Management is also responsible for the submission of the financial statements to the AuditorGeneral in accordance with the provisions of Section 47 of the Public Audit Act, 2015. In addition to the responsibility for the preparation and presentation of the financial statements described above, managemet is also responsible for ensuring that the activities, financial transactions and information reflected in the financial statements are in compliance with the authorities which govern them, and that public resources are applied in an effective way. Those charged with governance are responsible for overseeing the Project's financial reporting process, reviewing the effectiveness of how the entity monitors compliance with relevant legislative and regulatory requirenents, ensuring that effective processes and systems are in place to address key roles and responsibilities in relation to governance and risk management, and ensuring these s an effectiveness of the control environment. he adequacy and Auditor-General's Responsibilities for the Audit The audit objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinion in accordance with the provisions of Section 48 of the Public Audit Act, 2015 and submit the audit report in compliance with Article 229(7) of the Constitution. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISSA]s will always detect a material misstatement and weakness when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statementse In addition to the audit of the financial statements, a compliance audit is planned and performed to express a conclusion about whether, in all material respects, the activities, financial transactions and information reflected in the financial statements are in compliance with the authorities that govern them and that public resources are applied in an effective way, in accordance with the provisions of Article 229(6) of the Constitution and submit the audit report in compliance with Article 229(7) of the Constitutiond *Report of the Aditor-Gmneral on the Fi t .nancik,fa Sltements of Kenyva Youth Emnplkynew and Oppt)rtunities Pro/ect No: IDA - 5812.161, the year ended 30,1une 2018 -,;Nationa1l Industrial Training Author.iy O(TA) 4 1 Further, in planning and performing the audit of the financial statements and audit of compliance, I consider internal control in order to give an assurance on the effectiveness of internal controls, risk management and governance processes and systems in accordance with the provisions of Section 7 (1) (a) of the Public Audit Act, 2015 and submit the audit report in compliance with Article 229(7) of the Constitution. My consideration of the internal control would not necessarily disclose all matters in the internal control that might be material weaknesses under the ISSAls. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. Because of its inherent limitations, internal control may not prevent or detect misstatements and instances of non-compliance. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the Project's policies and procedures may deteriorate. As part of an audit conducted in accordance with ISSAls, I exercise professional judgement and maintain professional skepticism throughout the audit. I also: * Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management. * Conclude on the appropriateness of the management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Project's ability to continue as a going concern or to sustain its services. If I conclude that a material uncertainty exists, I am required to draw attention in the auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify my opinion. My conclusions are based on the audit evidence obtained up to the date of my audit report. However, future events or conditions may cause the Project to cease to continue as a going concern or to sustain its services. Report of the Auditor-General on the Financial Statements of Kenya Youth Employment and Opportunities Project No: IDA - 5812 for the year ended 30 June 2018 - National Industrial Training Authority (NITA) 5 * Evaluate the overall presentation, structure and content of the financial statements including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. * Obtain sufficient appropriate audit evidence regarding the financial information and business activities of the Project to express an opinion on the financial statements, * Perform such other procedures as I consider necessary in the circumstances. I communicate with the management regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that are identified during the audit. I also provide management with a statement that I have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on my independence, and where applicable, related safeguards. FCPA Edward R. 0. Ouko, CBS AUDITOR-GENERAL Nairobi 28 December 2018 Report of the Auditor-General on the Financial Statements of Kenya Youth Employment and Opportunities Project No: IDA - 5812 for the year ended 30 June 2018 - National Industrial Training Authority (NITA) 6 \J 1 0I PI Pro|er i Rewmb and F inancial Statem:ents For the financial year ended June 30, 2018 4. STATEMENT OF RECEIPTS AND PAY MENTS FOR TILE NERIOD ENDED 30TH JUNE 2018 Note Cumulative 2017/18 --Restated 2016/17 to-date --Rceipts and Payments Receipl s ýa Payments payments made by pay ment made by controlled by[ third contruled by third the entityv partics the entitv parties KShs KSIs s KSbs KShs RECEIPTS_____________J Tansfer from I Governent entities ____0 0 0 _____ 00 domestic and foreign 8.4 credits 157,516304 0 1M000000 0 0 257,6,30-4 Loan from external de-velopment partner . li .0 0 0 Mi.cus6 0__ _ __ _ _ 0__ T03TAL RECEWYfs V57J,6 304 ik0i0000 5751 PAYIMENTS_ C Lowpanon øf ena389L163 13254_ services 869]3507 0 36019037 0 121932_44 Social secunty benefls 8.9 00 0 0_0 Acquisonofnn '81 financial assets ________ 32.5SOS __89 _____ 0_______ 0 32.505.589 francen ial I ~ i6~s 8.11 uffher grants and8. transfer s and payments 0 0 0 0 TOTAL PAYMENTS 133,310,259 0 36.019 037 0 169,329,296 at, RPLF S' EFICI 24,206,045 0 63m 3 0 W8A87.008 S cogn ing p:cies ad explanator notes to ae nncnial staemn are atiegxa par of ith na al "ateefits. Di eeor General ,Project D,ector Pmjec Acountant Paul Kosgei Stephen Ogenga Solomon A.swani ICPAK Member No:6585 (IPSAS 13.24 requires an entity to separatechy discse hird pary paý mnS separatey on the srntemient of reccipis and payments. Tese ar ve pamenits made b defelopmIenI partners dirtiv on behalf of thc entitv. Iu recognising these transactons, the reeipts must be equa to the paymens made and th,erefre thr i no surphrN or deticit. ATIE4-KYTEOP Project Reports and Financial Staternents For the.financialyear ended June 30, 2018 5. STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 30T1 1UNE 2018 Note 2017/18 Restated 2016/17 KShs KShs FN ANCIAL ASSETS Cash and Cash Equivalents Bank Balances 8.13.A 88,187,008 63,980,963 Cash Balances 8.13.B 0 0 Cash Equivalents 8.13.C 0 0 Accounts receivables - Imprest and Advances 8.13.D 0 0 TOTAL FINANCIAL ASSETS 88,187,008 63,980,963 REPRESENTED BY Fund balance b/fwd 8.14 63,980,963 0 Surplus/Deficit for the year 24,206,045 63,980,963 Prior year adjustments 8.15 0 0 NET FINANCIAL POSITION 88,187,008 63,980,963 The accounting policies and explanatory notes to liese financial statents forn an integral part ofhe 'ancial statements. The financial statements were approved on 14' of September 2018 jd< Teby: Direcir GenealA Projeczt Director Project Accountant Date Date Date ICPAK Member No:6885 Repe:s~ and Finanxcial Stateentsb For thefinancil year ended June 30, 2018 6. STATEMENT OF CASHFLOW FOR THE PERIOD 30TH J1 NE 20 8 2017/18 Restated 2016/17 Note KShs KShs Receipts for operating activities Transfer fiom Govemment entities 8.3 0 0 Proceeds from domestic and foreign credits 8.4 157,516,304 100,000,000 Miscellaneous receipts 8.6 0 0 Payments for operating activities Compensation of employees 3 13,891,163 0 Purchase of goods and services 8.8 86,913,507 36,019,037 Social security benefits 8.9 0 0 Transfers to other government entities 8.11 0 0 Other grants and transfers 8.12 0 0 Adjustments during the year 8.15 0 0 Net cash flow from operating activities 56,711,634 63,980,963 CASHFLOW FROM INVESTING ACTIVITIES Acquisition of Assets 8-10 32,505,589 0 Net cash flows from Investing Activities 0 0 CASHFLOW FROM BORROWING ACTIVITIES Proceeds from forcihn Borrowings 8.5 0 0 Net cash flow from financing activities 0 0 NET INCREASE IN CASH AND CASH EQUIVALENT 24,206,045 63,980,963 Cash and cash equivalent at BEGLNNING of the year 63,980,963 0 Cash and cash equivalent at END of the year 88,187,008 63,980.963 The accounting policies and explanatory notes to these financial statements form an integral part oftl finfanciaj statements. The entity financial statements were approved on 1 ' of September. 201 andagnd b Di~~edo~G~~ncra1 PmotPe rPojeci, Accountant Date Date Date ICPAK MemberNo.6885 3 \I T 4-K } FOP Projeet Report s and Financial Statemens For the financial ycar ended Juie 30, 2018 7. STATEMENT OF COMPARATIVE BUDGET AND ACTUAL AMOUNTS Actual on Budget % of Original Final Comparable Utilization Utiliz Receipts/Payments Item Budget A djustments Budget Basis Difference ation d e=c-d be % Receipts Transfer from000000 Government entities 0 0 0 0 0 Procceds from domestic 100 1a37 eredits 17,980,963 (100m 00 2 17,980.963 221.497,266 0 Preeds from i borrowings 0 0_0_0_0 0 Miscellancous receipts 0 0 0 0 0 0 Total Receipts 317,980,963 (100,000,000) 217,980.963 221,497,266 (3,516,303) Pavments Compensation of 20,792,000 (6,464,537) 14,327,463 13,891,163 436,300 97% m9lnPoYees 11______ -224,407,648 63,540,463) 160,867185 86,913.507 73,953,678 54% S1cialsecurig ben-efits 0 0 0 0 00 Acquisition of non- 72,781,315 (29,995,000) 42,786,315 32,505,589 10,280,726 76% financial assets {__ Transfers to other gov ernent_en_ities 0 0 0 0 0 0 Other rans and Iransfers 0 0 0 0 0 0 Toal Payments 317980315 (100,000,000) 217,980,963 133,310,259 84,670,704 61% NowT:e sigi,cant budget utilisation/perfor.mance differences in Ihe last cplumn are explained inAr ex!1 t tse financial statements Dir ctor eneral Project Dir ctor Proje t Accountant Dat Date Date ICPAK Menimber No.6885 4 NITA-KYEOP Project - Reports and Financial Staternents For th e finan cial year en ded June 30, 2 018 8. NOTE S TO THE FINANCIAL STATEMENTS I The principal accounting policies adopted in the preparation of these financial statements are set I out below: 8.1 Basis of Preparation J 8.1.1. Statement of compliance and basis of preparation The financial statements have been prepared in accordance with Cash-basis IPSAS financial reporting under the cash basis of Accounting, as prescribed by the PSASB and set out in the accounting policy note below. This cash basis of accounting has been supplemented with accounting for; a) receivables that include imprests and salary advances I and b) payables that include deposits and retentions. The financial statements comply with and conform to the form of presentation prescribed by the PSASB. The accounting policies adopted have been consistently applied to all the years presented. 8.1.2. Reporting entity The financial statements are for the National Industrial Training Authority-Kenya Youth 3 and Opportunities Project under National Government of Kenya. The financial statements encompass the reporting entity as specified in the relevant legislation, PPM Act 2012 . 38.1.3. Reporting currency The financial statements are presented in Kenya Shillings (KShs), which is the functional and reporting currency of the Project and all values are rounded to the nearest Kenya Shilling. 8.2 Significant Accounting Policies a)Recognition of receipts The Project recognises all receipts from the various sources when the event occurs and the related cash has actually been received by the Government. I a*Transfers from the Exchequer Transfer from Ektchequer is be recognized in the books of accounts when cash is received. Cash is considered as received when payment instruction is issued to the bank and notified to the receiving entity. 5 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 *External Assistance External assistance is received through grants and loans from multilateral and bilateral development partners. 6 NITA-KYEOP Project Reports and Financial Statements For the financial year ended .Tune 30, 2018 SIGNIFICANT ACCOUNTING POLICIES (Continued) Donations and grants Grants and donations shall be recognized in the books of accounts when cash is received. Cash is considered as received when a payment advice is received by the recipient entity or by the beneficiary. In case of grant/donation in kind, such grants are recorded upon receipt of the grant item and upon determination of the value. The date of the transaction is the value date indicated on the payment advice. Proceeds trom borrowinz Borrowing includes Treasury bill, treasury bonds, corporate bonds, sovereign bonds and external loans acquired by the Project or any other debt the Project may take on will be treated on cash basis and recognized as a receipt during the year they were received. Undrawn external assistance These are loans and grants at reporting date as specified in a binding agreement and relate to funding for the Project currently under development where conditions have been satisfied or their ongoing satisfaction is highly likely and the project is anticipated to continue to completion. An analysis of the Project's undrawn external assistance is shown in the funding summary * Other receipts These include Appropriation-in-Aid and relates to receipts such as proceeds from disposal of assets and sale of tender documents. These are recognised in the financial statements the time associated cash is received. b) Recognition of payments The Project recognises all payments when the event occurs and the related cash has actually been paid out by the Project. * Compensation of employees Salaries and Wages, Allowances, Statutory Contribution for employees are recognized in the period when the compensation is paid. * Use of goods and services Goods and services are recognized as payments in the period when the goods/services are consumed and paid for. If not paid for during the period where goods/services are consumed, they shall be disclosed as pending bills. * Interest on borrowing Borrowing costs that include interest are recognized as payment in the period in which they incurred and paid for. 7 NITA -KYEOP Project Reports and Financial Statements For tre financial year ended June 30, 2018 SIGNIFICANT ACCOUNTING POLICIES (Continued) A Repayment of borrowing (principal amount) The repayment of principal amount of borrowing is recognized as payment in the period in which the repayment is made. The stock of debt is disclosed as an annexure to the consolidated financial statements. * Acquisition of fixed assets The payment on acquisition of property plant and equipment items is not capitalized. The cost of acquisition and proceeds from disposal of these items are treated as payments and receipts items respectively. Where an asset is acquired in a non-exchange transaction for nil or nominal consideration and the fair value of the asset can be reliably established, a contra transaction is recorded as receipt and as a payment. A fixed asset register is maintained by each public entity and a summary provided for purposes of consolidation. This summary is disclosed as an annexure to the consolidated financial statements. c) In-kind donations In-kind contributions are donations that are made to the Project in the form of actual goods and/or services rather than in money or cash terms. These donations may include vehicles, equipment or personnel services. Where the financial value received for in- kind contributions can be reliably determined, the Project includes such value in the statement of receipts and payments both as receipts and as payments in equal and opposite amounts; otherwise, the contribution is not recorded. d) Cash and cash equivalents Cash and cash equivalents comprise cash on hand and cash at bank, short-term deposits on call and highly liquid investments with an original maturity of three months or less, which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value, Bank account balances include amounts held at the Central Bank of Kenya and at various commercial banks at the end of the financial year. For the purposes of these financial statements, cash and cash equivalents also include short term cash imprests and advances to authorised public officers and/or institutions which were not surrendered or accounted for at the end of the financial year. Restriction on cash Restricted cash represents amounts that are limited/restricted from being used to settle a liability for at least twelve months after the reporting period. This cash is limited for direct use as required by stipulation. Amounts maintained in deposit bank accounts are restricted for use in refunding third part deposits 8 NITA-KYEOP Project Reports and Financial Statements For the financialyear ended June 30, 2018 SIGNIFICANT ACCOUNTING POLICIES (Continued) e) Accounts receivable For the purposes of these financial statements, imprests and advances to authorised public officers and/or institutions which were not surrendered or accounted for at the end of the financial year is treated as receivables. This is in recognition of the government practice where the inprest payments are recognized as payments when fully accounted for by the imprest or AIE holders. This is an enhancement to the cash accounting policy. Other accounts receivables are disclosed in the financial statements. f) Pending bills Pending bills consist of unpaid liabilities at the end of the financial year arising from contracted goods or services during the year or in past years. As pending bills do not involve the payment of cash in the reporting period, they recorded as 'memorandum' or 'off-balance' items to provide a sense of the overall net cash position of the Project at the end of the year. When the pending bills are finally settled, such payments are included in the statement of receipts and payments in the year in which the payments are made. g) Budget The budget is developed on a comparable accounting basis (cash basis), the same accounts classification basis (except for accounts receivable - outstanding imprest and clearance accounts and accounts payable - deposits, which are accounted for on an accrual basis), and for the same period as the financial statements. The Project's budget was approved as required by Law and National Treasury Regulations, as well as by the participating development partners, as detailed in the Government of Kenya Budget Printed Estimates for the year. The Development Projects are budgeted for under the MDAs but receive budgeted funds as transfers and account for them separately. These transfers are recognised as inter-entity transfers and are eliminated upon consolidation. A high-level assessment of the Project's actual performance against the comparable budget for the financial year/period under review has been included in an annex to these financial statements. h) Third party payments Included in the receipts and payments, are payments made on its behalf by to third parties in form of loans and grants. These payments do not constitute cash receipts and payments and are disclosed in the payment to third parties column in the statement of receipts and payments. During the year No amounts were received in form of direct payments from third parties. 9 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 SIGNIFICANT ACCOUNTING POLICIES (Continued) i) Exchange rate differences The accounting records are maintained in the functional currency of the primary economic environment in which the Project operates, Kenya Shillings. Transactions in foreign currencies during the year/period are converted into the functional currency using the exchange rates prevailing at the dates of the transactions. Any foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statements of receipts and payments. j) Comparative figures Where necessary comparative figures for the previous financial year/period have been amended or reconfigured to conform to the required changes in financial statement presentation. k) Subsequent events There have been no events subsequent to the financial year/period end with a significant impact on the financial statements for the year ended June 30, 2018 1) Errors Material prior period errors shall be corrected retrospectively in the first set of financial statements authorized for issue after their discovery by: i. Restating the comparative amounts for prior period(s) presented in which the error occurred; or ii. If the error occurred before the earliest prior period presented, restating the opening balances of assets, liabilities and net assets/equity for the earliest prior period presented. 10 NITA-XYEOP Project Reports and Financial Statements For the financialyear ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.3 RECEIPTS FROM GOVERNMENT OF KENYA These represent counterpart funding and other receipts from government as follows: 2017/18 2016/17 Cumulative KShs KShs to-date Counterpart fun ding through Ministry of Labour Counterpart funds Quarter 1 0 0 0 Counterpart funds Quarter 2 0 0 0 Counterpart funds Quarter 3 0 0 0 Counterpart funds Quarter 4 0 0 0 Other transfers from government entities Ministry 0 0 0 Ministry 0 0 0 Project 0 0 0 Agency 0 0 0 0 0 0 Appropriations-in-Aid 0 0 0 111 NjTA -KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.4 PROCEEDS FROM DOMESTIC AND FOREIGN CREDITS During the 12 months to 30 June 2018 we received credits from the donor through our Parent Ministry: Grants Received from Bilateral Donors orer Governments) sert narne of foreign0 Government Credits Received from Multilateral Donors International Development 1 Grants Received from Local Iondiids and Gormats) Insert name of individual or local Tsocta n 157,516,304 100,000,00 *. The Total Receipts for the financial year amounting to Kshs 157,516,304, comprise a budgetary allocation received for the period of Kshs 154,000,000 and an exchange rate gain for last financial year received in the period under review of Kshs 3,516,304. 12 AITA-K,YEOP Project Reports and Financial Stateinenlts For the financial year ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.5 LOAN FROM EXTERNAL DEVELOPMENT PARTNERS of loan During the 12 months to 30 June 2018 we did not receive funding from development partners in form negotiated by the National Treasury: Date Amount Loans Loans Total amount Name of Donor received in loan received received in KShs currency in cash as direct a ment* KShs KShs Loans Received from Bilateral 00 Donors Forei n Governments) 0 0 00 insert name of forei n Governmient 0 0 00 Loans Received from Multilateral Donors International Or anisations) Insert name of international00 0 or anization00 Total 8.6 MISCELLANEOUS RECEIPTS Rsae uuaiet-dt FY 207/18FY 2016/17 Receipts Receipts controlled controlled by the by third Total entit in Cashs arties Recei s0 Property incomne 0 000 Sales of goods and services0000 Administrative fees and 0 0 0 0 0 char es 0 0 0 Fines, penalties and forfeitures0 Voluntary tansfers other than 0 0 0 00 rants0 Other receipts not classified 0 elsewhere f [Mselaeosrecepts rpted on dh pe isyear owerestae le te surn erb receipted in the previous year ] 13 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.7 COMPENSATION OF EMPLOYEES Restated Cumulative FY 2017/18 FY 2016/17 to- date Payments Payments made by the made by third Total Entity in Cash parties Payments KShs KShs KShs KShs KShs Basic salaries of 00 0 0 permanent employees Basic wages of temporary employees(contractual 13,891,163 0 13,891,163 0 13,891,163 employees/consultants) Personal allowances paid 0 0 0 0 0 -as part of salary Personal allowances paid 0 0 0 0 0 as reimbursements Personal allowances 0 0 0 0 0 -provided in kind Pension and other social security contributions Compulsory national social security schemes Compulsory national 0 0 0 0 0 health insurance schemes Social benefit schemes 0 0 0 outside government Other personnel pLmets0 0 0 0 0 payments _____ Total 1391.163_ 11 13.891.163 1 p191163 14 � � , �}- � и г� гч сл сз, м, о,_. с� о •с� о о с� о г� -� .� .а. � vtз � о сз rn сп _ � г/i мi оо r� �+ s� ао гл ез ^О �',-. t� eV � о rv г мi eD с� ,� ���г � ' ,с � й r°'n, °�, � с`�л^ г°-- � � � `" � `� � r �; а ....� й м � гv � � С..� � V ? � S'. .� � ,=3. . �" �7 '� Q + � ' сг 1I�� � �' � Ф � `� гJ � �L ,Ш А „,. 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L I - VITA-KYEOP Project ITeports and Financial Statements For thefinwicialyear ended June 30, 2018 8.10 ACQUISITION OF NON-FINANCIAL ASSETS Restated FY Cumulative to- FY 2017/18 2016117 date Payments made by Payments made the Entiq in Cash by third parties Total Payments KShs KShs. KShs KShs KShs Purchase of buildings 0 0 0 0 0 Construction of buildings 0 0 0 0 0- Refurbishment of buildings 0 0 0 0 0 Construction of roads 0 0 0 0 0 Construction of civil works 0 0 0 0 0 Overhaul & refurbishment of construction and civil works 0 0 0 0 0 Purchase of vehicles & other transport I equipment 0 0 0 0 0 Overhaul of vehicles & other transport equipment 0 0 0 0 0 Purchase of household furniture & institutional equipment 9,323,039 0 9,323,039 0 9,323,039 Purchase of office furniture & general equipment 8,002,931 0 8,002,931 0 8,002,931 Purchase of specialised plant, equipment and machinSg 15,179,619 0 15,179,619 0 1.5,179,619 Rehabilitation & renovation of plant, egRi2ment & machinety 0 0 0 0 0 Purchase of certified seeds, breeding stock and live animals 0, 0 0 0 0 Research, studies, project preparation, desi2 & supervision 0 0 0 01 0 17 VITA-KYEOP Project Teports and Financial Statements For the financial year ended June 30, 2018 Rehabilitation of civil works 0 0 0 0 0 Acquisition of strategic stocks 0 0 0 0 0 Acquisition of land 0 0 0 0 0 Acquisition of other intangible assets 0 0 0 0 0 Total I 32,505.589 _Q 32I5558 &M 32 [Purchase ofhouseholdfurniture relates to purchase oflaptops for the PIU members and printers. Purchase of office furniture relates to purchase offurniture for the PIU offices in Nairobi and the other 4 counties. Purchase of Specialised equipment relates to Purchase of the MIS system to cater for the operations of the project especially in Stipends for youth and fees management for Master craftsmen and Formal Training Providers ] 18 NITA-KYEOP Project Reports and Financial Statements For the financialyear ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.11 TRANSFERS TO OTHER GOVERNMENT ENTITIES During the 12 months to 30 June 2018, we did not transfer funds to reporting govermnent entities as shown below: Restated FY Cumulative FY 2017118 2016/17 to-date Payments made by Payments made by third Total the Entity in Cash parties Payments KShs KShs KShs KShs KShs Transfers to National Government entities Ministry ABC 0 0 0 0 0 Project XYZ 0 0 0 0 0 0 0 0_ _ 0 Transfers to County Government County ABC County XYZ 0 0 0 0 0 TOTAL _ __ _ ! 4 19 NIJTA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.12 OTHER GRANTS AND TRANSFERS AND PAYMENTS Restated Fy Cumulative FY 2017/18 2016/17 to-date Payments made by the Entity in Payments made Total Cash by third parties yents KShs KShs KShs KShs KShs Grants for scholarships 0 0 0 0 0 Transfers to lower levels of government e.g schools 0 0 0 0 0 Miscellaneous paments 0 0 0_ _02 Total Q Q _______ I20 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.13 CASH AND CASH EQUIVALENTS C/FWD 2017/18 Restated 2016/17 KShs KShs Bank accounts (Note 8A) 88,187,008 63,980,963 Cash in hand (Note8B) 0 0 Cash equivalents (short-term deposits) (Note 8C) 0 0 Outstanding imprests and advances (Note 8D) 0 0 Total 8 The project had a balance of Kshs 88,187,008 at the end of the financial year, the project balance of Kshs 63,980,963 for the 2016-2017 financial year was carried forward to the year under review to cater for all pending bills relating to the 2016-2017 financial year and other payments for the year under review. 8.14 A Bank Accounts 2017/18 Restated 2016/17 KShs KShs Foreign Currency Accounts Central Bank of Kenya 0 0 Kenya Commercial Bank 0 0 Co-operative Bank of Kenya 0 0 Others (specify) 0 0 Total Foreign Currency balances Q 0 Local Currency Accounts Central Bank of Kenya 0 0 Kenya Commercial Bank [A/c No 1206078642] 88,187,008 63,980,963 Co-operative Bank of Kenya 0 0 Others (specfy) 0 0 Total local currency balances 88170R08 WM Total bank account balances The balances in the Project's Special Deposit Account(s) as at 30' June 2018 are not included in the Statement of Financial Assets since they are below the line items and are yet to be drawn into the Exchequer Account as a voted provision. The Special Deposit Account held in foreign currency is 21 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 maintained and accounted for by the Line Ministry in the project. NOTES TO THE FINANCIAL STATEMENTS (Continued) The Special Deposit Account (SDA) is maintained by the Ministry of Labour and Social Protection Special Deposit Accounts Movement Schedule 2017/18 Restated 2016/17 KShs KShs (i) A/C Name [A/c No......] Opening balance 0 0 Total amount deposited in the account 0 0 Total amount withdrawn (as per Statement of Receipts & Payments) 0 0 Closing balance (as per SDA bank account reconciliation attached) R1 I (ii) Alc Name [Ac No...... Opening balance (as per the SDA reconciliation) 0 0 Total amount deposited in the account 0 0 Total amount withdrawn (as per Statement of Receipts & Payments) 0 0 Closing balance (as per SDA bank account reconciliation attached) 9 8.15 B Cash In Hand 2017/18 Restated 2016/17 KShs KShs Location 1 0 0 Location 2 0 0 Location 3 0 0 Other locations (specify) 0 0 Total cash balances 0 9 [No Cash was withdrawn for office use for the period under review] 22 ITA -KYEOP Project Reports and Financial Statements For the financialyear ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.16 C Cash equivalents (short-term deposits) 2016/17 2015/16 KShs KShs Kenya Commercial Bank [A/C No 1206078642] 0 0 Co-Operative Bank of Kenya 0 0 Others (Specfy) 0 0 T otal -_----- - -- =- 8.17 D Outstanding Imprests and Advances Amount Due Date Amount Balance Balance Name of Officer or Institution Taken of Surrender 2018 2017 TSurrender ed Total 0 8.18 E CASH AND CASH EQUIVALENTS B/FWD 2017/18 Restated 2016/17 KShs KShs Bank accounts 63,980,963 0 Cash in hand 0 0 Cash equivalents (short-term deposits) 0 0 Outstanding imprests and advances 0 0 Total 63,980,963 0 23 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 NOTES TO THE FINANCIAL STATEMENTS (Continued) 8.19 PRIOR YEAR ADJUSTMENT 2017/18 Restated 2016/17 KShs KShs Bank accounts 0 0 Cash in hand 0 0 Cash equivalents (short-term deposits) 0 0 Receivables - Outstanding Imnprests 0 0 0 0 Total II 1 I 24 NITA-KYEOP Project Reports and Financial Statements For the financial year ended Juize 30, 2018 9. OTHER IMPORTANT DISCLOSURES 9.1 PENDING ACCOUNTS PAYABLE (See Annex 2A) Restated 2017/18 2016/17 KShs KShs Construction of buildings 0 0 Construction of civil works 0 0 Supply of goods 1,728,274 8,181,315 Supply of services 13,296,524 1,841,170 15,024,798 10,022,485 9.2 PENDING STAFF PAYABLES (See Annex 2B) Restated 2017/18 2016/17 KShs KShs Permanent employees - management 0 0 Permanent employees - others 0 0 Temporary employees 0 0 Others (specify) 0 0 0 0 9.3 OTHER PENDING PAYABLES (See Annex 2C) Restated 2017/18 2016/17 KShs KShs Amounts due to National Government entities 0 0 Amounts due to County Government entities 0 0 Amounts due to third parties 0 0 Others (specify) 0 0 0 0 25 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 10. PROGRESS ON FOLLOW UP OF AUDITOR RECOMMENDATIONS The following is the summary of issues raised by the external auditor, and management comments that were provided to the auditor. We have nominated focal persons to resolve the various issues as shown below with the associated time frame within which we expect the issues to be resolved. Focal Point Status: Timeframe: person to (Resolve (Put a date No. on the Issue / Observations Management resolve the d / Not when you external from Auditor comments issue (1Yame Resolved expect the audit and ) issue to be Report desi nation) resolved) Most of the expenditures were incurred in the month of June Budget and Budgetary 2017 and a such Solomon CR.No.58 Performance / the project was Aswani 12-KE- Shortfall of receipts not able to absorb Resolved 2016-17 received by Kshs. 30 much and request Project Million or 23.08%. for additional Accountant funding under the Statement of Expenditure form of disbursement. The low absorption of funds , was as a Project Budget and Budgetary result of late Director CR.No.58 Performance / disbursement of CR.o5 Payments. Low funds, two Stephen Not 15/11/2018 1-E absorption of funds by months to the O Resolved 2016-17 63.98 % or Kshs. closure of the genga 63,980,963 financial year by the State department for Labour Weak Internal There was indeed Project CR.No.58 Controls / Lack of an shortage of staff Director 12-KE- effective procurement in the Finance Not 15/11/2018 2016-17 function, lack of section , although Stephen Resolved segre ation of duties did not 0 en a 26 NITA-KYEOP Project Reports and Financial Statements For the financial year ended June 30, 2018 Focal Point Status: Timeframe: Reference person to (Resolve (Put a date No.,on'the Issue / Observations 1Managenment resolve the d / Not when you external rom udtor comments issue (Name Resolved expect the audit' and ) issue to be Report designation), resolved) in the Project Finance compromise the section, No functional quality and Project auditor internal audit and integrity of the therefore no plan of financial function. Teresa Lagat Resolved action in place. Efforts are being made to improve the level of staffing in both the Procurement and Finance section of the project to strengthen the internal controls. The project audit department reviewed the Interim Financial Statements of the Project and its report was presented to the NITA audit and risk committee of the board. Subsequent audits had been factored in its annual work plan and budget. Guidance Notes: (i) Use the same reference numbers as contained in the external audit report; (ii) Obtain the "Issue/Observation" and "management comments", required above, from final external audit report that is signed by Management; 27 NIT A-KYEOP Project Reports and Financial Statements For the fiuiancialyear ended June 30, 2018 (ä0 Before upproing the report, discuss the timeframe wih the appointed Focal Pornl persons within your entity responsible for implementation of cach issue; (iv) Indicate the status of "Resolved" or "Not Resolved" by the date of Submitting this repo ationa Treasurv Director Ceneral Projet Director Date Date 12 Э � �\:`� R � Счi ° � i--' ь^� � F.. r.+ а ti. м � � � � � � � ° � � '� � � � � р а •,�, � �з �s • ,.� �'� ° � ° � � � о� „c�^s' � � v ,� �'г.. � U пз ,•,� гл Сб � . � � � v � cVC ."`' 4ч > . � и *C;S � � ° � � iC �.' � © г и c,J � ы� . � •� U б� �;ц,., � ��'� cG и ц W � �. � °� у,°,� � Q • � Q • � �� Т3 Г.и �. �` � ы-' � � и с�' �" �, t'°'' � ' � сиа , � 7' О'п«г--1Э `� т���-.i� Cr�j� р� fl} �}"'� о о и '� V � У vи• � У � 4с-�i SW� Q.} �+ • н !�/1 �` R1 Сб Q � � '� i., �" G.Y � vj � '� �в и .� о � � � � �_ ь4 � � � � ¢ � ti � � д � © � � �•� с��,С � � аг и' , � � ' � � � � "''' сид � °� 4 �о ,� „�?, С -� � гкS бэ �.к � �� F'+ п! °б U _ t�л и �, *� , � �} Н � i � о \ х;, '*"' г� с�р � о о � '°�' '� р � � � t+] N � И .уа ё w`_}• � � о � ' г�D С7 н �."' 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З v •�' � � � � *� � "' Q� '� � � _��. � � �� � � . �.' s 4�, � � � о � �� � � � � �' г° � � � '� й � � ; rr :� � .,, � д�, ,� W �, :� � V д,� W Q ду , �-, ' � с�б � � � � � � � � � � •гз Е-� �а � � г� � о � �г�wд � � х� но �U �4w � � � W- 6- -1 NITA-KYEOP Project Reports and Financial Statements For thefinancialyear ended June 30,2018 APPPENDICES i. Signed confirmations from beneficiaries in Transfers to Other Government Entities ii. Bank Reconciliations iii. Cash Count Certificate iv. Special Deposit Account(s) reconciliation statement(s) 36 Keneom House, Moi Avenue, PO. Box 48400 - 09100, Nalrobl. Kenya. Tel, +254 20 3270000, 2852000. 252886/8 1218 CA 41 BRANCHES Moblle: +254 7110120001 CERTIFICATE OF BALANCE 734108200 KCB Bank Limited (Incorporated in Kenya) CERT1818404140 KCB INDUSTRIAL AREA 03 JUL 2018 Certified that the balance at the CIEDIT Of fATIONAL IND TRAINING AUT-KYEOP A/C 1206078642 at the close of business on 30 JUN 2018 Was KES EIGHTY EIGHT MILLION ONE HUNDRED AND EIGHTY SEVEN THOUSAND AND SEVEN CENTS FORTY EIGHT KES 88,187,007.48 Examined by br and on behalf of bornndalIl KKEgYA LTD. For: KCB BANK KENYA LTD. I' For: NAIROBI ..'. X. ARA.RRAIROB1 Ass.Manager Service Quality $ Compliance Manager Service Quality $ Compliance KCB Bank KnnyaLmted I H. Directors: A. A. Khawaja (Chirrnan); J. N. Oigara:, T. D. lpomal; H, K. Rafich; A. W. Kalrm; S. K, Ronoo; Ms. N. Onyango; S. Makome wvwv.kcbgroup,com NATiONAL INDUSETRI AL TRAJN WNG AUTHIORITY NITA - KYEOP ACCOUNT NO. 1206078642 [jUNE 2018 BANK RECONCILATION BALANCEAS PERTHE BANK STATEMENT 88,187,007.48 ADD: PAYMENTS IN BANK STATEMENT NOTYET RECORDED IN CASHBOOK(DIRECT DEBITS) 0.00 RECEIPTS IN CASHBOOK NOT IN STATEMENT(RECE1PTS IN CASHBOOK) 0.00 88,187,007.48 LES5: ___________ PAYMENTS IN CASHBOOK NOT YET RECORDED IN BANK STATEMENT(UNPRESENTED CHEQUES) 15,024,797.80 RECEUTs IN BANK STATEMENT NOT iN THE CASHBOOK(DIRECT LCREDTS) 0.00 15,024,797.80 BALANCE AS PER RECONCILIATION 73,122,849.68 BALANCE AS PER CASHBOOK 73,122,849.99 DEFICIT/SURPLUS 0.31 Prepared by:SOLOMON ASWANIl.-...... .... . ......Date .... PRO]lECT ACCOUNTANT NITA KYEOP Certfied by:JUlIUS NDENGE... ........... .......Date. lAg,FINANCE MANAGER NITA Approved by:STEPHEN OGENGA.. ... . . . ..........Dae POCTCORDINATOR NlTA KY2P 03/07/2018 08:33:%0 KCB Bank Account Statement Ar208642 r01106/2018 NATiONAL IND TRAINING AUT-KYEOP Tate 3006/2018 - 88 058.42148 KES i 38.058,421.48 KES Post g Date Value Date Descripon Bank Reference Number Money Out MoneynIn 02/06/2018 02/06/2018 Contra Enty- QUICKPAY WASH ACCOUNT FT18153KPCVQ -441,960.00 0.00 108,280,385.48 CONTRA ENTRY 999999 02/06/2018 02106/2018 Serce Charge- QUICKPAY WASH ACCOUNT FT181537J2TC -26,40000 0.00 108.253,985.48 GEN1100 999999 04/06/2018 04/06/2018 Cash Deposit- MAJNA NGUKU TT18155GZNVR 0.00 1,89000 108,255,875.48 05/06/2018 05106/2018 Contra Entry- OUICKPAY WASH ACCOUNT FT181565T6N4 -696,690.00 0.00 107,559,185.48 05/06/2018 05106/2018 Service Charge- QUICKPAY WASH ACCOUNT FT18156P7GP6 -17,050.00 0.00 107,542,135.48 GEN11O0 999999 05/06/2018 05/06/2018 Direct Credit- BANK 57373 FT18156MMKJQ 0.00 4,500.00 107,546,635.48 05/06/2018 05/06/2018 Direat Credit- BANK 43667 FT181560TLXW 0.00 4,500.00 107,551,135.48 06/06/2018 06/06/2018 Direct Credit- BANK 63347 FT1815700XPC 0.00 3,000.00 107,554.135.48 06/06/2018 06/06/2018 Direct Credit- BANK 55895 FT16157FWMQY 0.00 4,500.00 107,558,635.48 0610612018 06/06/2018 Direct Credit- BANK 44445 FT181572KLMB 0.00 1,500.00 107,560,135.48 06/06/2018 0610612018 Direct Credit- BANK 27835 FT18157Q93CT 0.00 2,700.00 107,739,295.48 06106/2018 06/06/2018 Direct Credit- BANK MSA 087 FT18157832RK 0.00 28,500.00 107,767,795.48 06/0612018 080612018 Direct Credit- BANK 40479 FT181578N3W9 0.00 5.670.00 107.773,465.48 0610612018 06106/2018 Direct Credit- BANK 76966 FT181576Q7DP 0.00 6,000.00 107,779,465.48 07106/2018 07106/2018 Direct Credlt- BANK 11151 FT18158Q863P 0.00 3,180.00 107,782,645.48 07/06/2018 07/0612018 Direct Credit- BANK 52828 FT181580GHDK 0.00 3,180.00 107,785,825.48 13106/2018 13106/2018 Inward Chq Or-CHQ125 KES INWARD CLEARING FT18140V7XP -70,623.00 0.00 107,715,202.48 ACCOUNT CHO No. 000125 13/06/2018 1310612018 Inward Chq Or-CHQ13l KES INWARD CLEARING FT18164Z7H7G -184,494.00 0.00 107,530,708A8 ACCOUJNT CHOI'No. 000133 1310612018 13/0612018 Service Charge- QUICKPAY WASH ACCOUNT FT18164380ZX -294.690.00 0.00 107,236,018A8 GENID0 999999 14106/2018 14/0612018 Contra Entry- QUICKPAY WASH ACCOUNT FT181650XDGW -6,589,500.00 0.00 100,646,518A8 CONTRA ENTRY 999999 14106/2018 14/06/2018 Contra Entry- QUICKPAY WASH ACCOUNT FT181655NDY4 -266,310.00 0.00 100,380,208.48 CONTRA ENTRY 999999 14/06/2018 14/08/2018 Contra Entry- OUICKPAY WASH ACCOUNT FT81657003K -8,133,900.00 0.00 92,246,30BA6 CONTRA ENTRY 999999 14/06/2018 14/06/2016 Payment- MDC1816517873 0.00 5,700.00 91,974,208.48 16/06/2018 18/06/2018 Direct Credit- BANK 52828 FT18169CVR7B 0.00 3,000.00 91,977,208.48 18106/2018 18f06/2018 Direct Credit- BANK 16480 FT18169VCH8G 0.00 3,000.00 91,980,208.48 18(06/2018 18/06/2018 Direct Credit- BANK 29722 FT18169HWNH6 0.00 3,000.00 91,983,208.48 18/06/2018 18106/2018 DIrect Credit- BANK 25178 FT18169LJC07 0.00 3,000.00 91,986,208.48 18/06/2018 18/06/2018 Direct Credit- BANK 29722 FT18169MDFNB 0.00 4,500.00 91,990.708.48 18/06/2018 18/06/2018 Direct Credit- BANK 40479 FT181690QC95 0.00 3,000.00 91,993,708.48 18/06/2018 16/06/2018 Direct eredit- BANK 601O9 FT18169QJ5NX 0.00 3,000.00 91,996,708.48 18/06/2018 18/06/201B Direct Credit- BANK NKU 014 FT181691ZSHJ 0.00 11,400.00 92,008,108.48 18/06/2016 16/0612018 Direct Credit- BANK 63906 FT18169H9ZSC 0.00 3,000.00 92,011,108.48 18/06/2018 18/06/2018 Direct Credit- BANK NRB C 064 FT18189PY4B5 0.00 5,700.00 92,016.808.48 18/06/2018 18/06/2018 Direct Credi.- BANK 68141 FT1B169V8K2K 0.00 3,000.00 92,019,808.48 Transfer-CHQ134 BOSIT VENTURES LTD SW- 1910612018 1910612018 SIDNKENA INV NO. 3015 OUTWARD RTGS FT181705ZFTX -1.858.431.00 0.00 90,215,427A8 11206078642 NATIONAL INDUSTRIAL TRAINING 25106/2018 25/06t2018 Contra Entry- QUiCKPAY WASH ACCOUNT FT1817688JG2 -444,000.00 0.00 89,771,427.48 CONTRA ENTRY 999999 25106/2018 25/06/2018 Service Charge- QUICKPAY WASH ACCOUNT Fl18176GGGGG -1,980.00 0.00 89,769,447.48 GEN100 999999 2910612018 2910612018 Payment- MDC1818021648 -2,860.00 0.00 89.766.587.48 29/06/2018 29106/2018 Cheque-CHQ145 CPC CENTRALIZED SALARIES 00095FTi81800CQZS -1.594,100.00 0.00 88,172,487.48 CTRL A/C SALARY PAYMENT NITA KYEOP Messages The above instructions are subject to "Terms & Conditions of Use" you have accepted. Thank you for using E-Banking http://www.kcbbankgroup.comke/ 0310712018 08:33:09 (KCB bank Timezone) a... Miilie amiit saliiF liilii iiiiiii iiiiiiiiii ii 6iii iiiiii iiiiiiiiiiiiiii mOiiW Nm iini ilil alier a il CASHBOOK JUNE 2018 DATE PAYEE DESCRIPTION CHEQUE NO. PAYMENTS RECONCILED RECEIPT RECONCILED RUNNING BALANCE BAL B/F 12/06/2018 DIRECTOR GENI unutilized imprest- Maina Nguku 27775577 1,890.00 29/06/2018 KCB BANK Returned payments for may-june 2018 2775580 243,690.00 29/06/2018 KCB BANK Returned payments for may-june 2018 2775581 175,800.00 01/06/2018 DIRECTOR GEN 2nd payments for stipends and mc's QPAY 1,138,650.00 12/06/2018 BRUCE FARMS I FTPS 1st payment 10% Additional 000133 184,494.00 12/'06/2018 BOSITVENTURE office furniture balance 000134 1,858,431.00 12r06/2018 Commissioner < office furniture balance 000135 101,369.00 101369.00 12/06/2018 Kenya pipeline qconference facility at morendat 000136 52,800.00 2,180000 2S/06/2018 CARWA Agenci Tonners 000137 92,457.00 92.457.00 25/06/2018 Commissioner c Tonners 000139 5,043.00 5043.00 25/'06/2018 NYANANGA INL Log books and business cards 000140 567,069.00 56,069.00 25/'06/2018 Commissioner c Log books and business cards 000141 30,931.00 30,931.00 25/'06/2018 Kenyatta Natior Medical bill for Veronica Ndichu 000142 50,000,00 50,000,00 27/'06/2018 TARLLYKEA VE Purchase of office stationary 000143 128,586.00 128,58.00 27/06/2018 Commissioner i Purchase of office stationary 000144 7,014.00 7.014 00 277'06/2018 DIRECTOR GEN Salaries for consultants for the month of June 18 000145 1,594,100.00 - 27/06/2018 COMMISSIONE Salaries for consultants for the month of June 18 000146 83,900.00 1.900.00 27/06/2018 DIRECTOR GEN Beneficiary Interpreters & Helpers QPAY 444,000.00 - 27/06/2018 DIRECTOR GENI 2ND Bounced payments beneficiaries QPAY 266,310.00 - 27/06/2018 DIRECTOR GEN: beneficiary stipends 2nd payment QPAY 6,589,500.00 - 27/06/2018 DIRECTOR GENI MC 2nd bounced payments QPAY 87,600.00 - 27/'06/2018 DIRECTOR GEN beneficiary stipend ommission QPAY 11,700.00 - 27/'06/2018 DIRECTOR GEN MC 2nd payments QPAY 8,133,900.00 - 27/'06/2018 DIRECTOR GEN MC Late invoicing payment QPAY 248,400.00 - 29/06/2018 REDLINSAGEN Airtime for PIU Consultants 000147 101,796.00 10.296.00 29/06/2018 SCOTT TRAVEL Air tickets for PIU Members 000148 295,010.00 293,01000 29/06/2018 AFRICAN TOUC Air TICKET for PIU Consultants 000149 624,350.00 624,350.00 29/06/2018 PRIMATE TOUR Air TICKET for PIU Consultants 000150 23,855.00 23,B55,00 29/06/2018 DIRECTOR GEN bank charges for june 2018 344,300.00 29/06/2018 DIRECTOR GENI Benificiary bounced stipends QPAY 61.800,00 61,00 29/06/2018 DIRECTOR GENI M.C Fees bounced QPAY 85,500.00 83.5(00,00 29/06/2018 DIRECTOR GEN may 29th - june 8th 2018 beneficiary stipends QPAY 5,015,400,00 5,113400.00 29/06/2018 VISCAR IN DUST 20% fees for F.T.P's 000157 94,175.00 91.17500 29/06/2018 MUKURU SLUI V20% fees for F.T.P's 000151 416,237.00 416,237.00 1 29/06/2018 KENYATTA UNI 20% fees for F.T.P's 000152 872,747.30 872347,30 29/06/2018 KENYATTA UNI 20%feesfor F.T.P's 000153 872,747.30 872.7417.0 29/06/2018 KENYATTA UNI 20%feesfor F.T.P's 000154 872,747.30 872,?47.30 29/06/2018 SAMTEC AUTO 20% fees for F.T.P's 000155 139,800.00 139,800.00 29/06/2018 NAIROBI COLLE 20% fees for F.T.P's 000156 596,661.00 596,651-00 29/06/2018 DILIGENT COLL 20% fees for F.T.P's 000158 47,105.00 7, 103()0 29/06/2018 BRUCEFARMS 20%feesforF.T.P's 000159 543,667,00 943,667.00 29/06/2018 BRUCE FARMS 20% fees for F.T.P's 000160 543,667.90 543,667.90 29/06/2018 VIRTUAL LEARN 20% fees for F.T.P's 000161 74,478.00 74,478,00 29/06/2018 SCOTT TRAVEL Air tickets for PlU Members 000162 69,925.00 69925.00 29/06/2018 SCOTT TRAVEL Air tickets for PIU Members 000163 139,105.00 119,1053,00 29/06/2018 MASADA HOTE conference services 000164 181,017.00 181, 17.00 )IOi 29/06/2018 DRAPER ENTER banners and hand books 000165 533,879,00 533,87 9.00 29/06/2018 COMM OF VAT banners and hand books 000166 29,121.00 29,121,00 29/06/2018 TOOL KIT INST1 20% fees for F.T.P's 000167 792,931.00 792,931.00 29/06/2018 NAKURU TRAIN 20% fees for F.T.P's 000168 622,498.00 622,98.00 07/05/2018 COMMISSIONEI salaries for consultants for the month of April 18 000106 87,200.00 87.200.00 07/05/2018 COMMISSIONEI Reams of printing papers 000116 6,610.00 (46100 28/05/2018 COMMISSIONE Consultant salaries MAY 2018 000132 87,200.00 87,200.00 18/05/2018 VISCAR CAPACI FTPS 1st payment 000125 70,623.00 07/05/2018 COMMISSIONE1 Supply of tissue papers 000124 4,320.00 4320.0 07/05/2018 COMMISSIONE Printers- 3 in 1 000122 62,276.00 62f7 06 07/05/2018 COMMISSIONE Stationery 000119 7,803.00 7,801.00 TOTAL 35,996,805.80 15,024,797.80 421,380.00 PAYMENTS IN BANK STATEMENT NOT IN CASHBOOK(DIRECT DEBITS) DATE TRANSACTION DETAILS MONEY OUT RECONCILED SWIFT Remit Chg- AC-USD1421000010001 INVOICE NO INV310 20-04-2018 INV309 INV325 NITA KYEOP FX1811090935 000101 /1206078642 NATIONAL 550.00 - 25-04-2018 Payment- 220.00 02062018 Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 999999 441,960.00 Service Charge- QUICKPAY WASH ACCOUNT GEN100 * 02-06-2018 999999 26,400.00 05-062018Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 999999 696,690.00 Service Charge- QUICKPAY WASH ACCOUNT GEN100 05-06-2018 999999 17,050.00 Inward Chq Dr-CHQ125 KES INWARD CLEARING ACCOUNT CHQ No. 000125 70,623.00 - Inward Chq Dr-CHQ133 KES INWARD CLEARING ACCOUNT CHQ 13-06-2018 N.003 No. 000133 184,494.00 - Service Charge- QUICKPAY WASH ACCOUNT GEN100 13-06-2018 999999 294,690.00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 999999 6,589,500.00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 14-06-2018 26300 gggggg 266,310.00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 14-06-2018 999999 8,133,900,00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 14-06-2018 999999 248,400.00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 14-06-2018 999999 87,600.00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 14-06-20181,700 999999 11,700.00 - 19-06-2018 SWIFT Remit Chg- AC-1206078642 INV NO. 3015 OUTWARD RTGS 134 /1206078642 NATIONAL INDUSTRIAL TRAINING AUTHORITY 550.00 Transfer-CHQ134 BOSIT VENTURES LTD SW-SIDNKENA INV NO. 19-06-2018 3015 OUTWARD RTGS /1206078642 NATIONAL INDUSTRIAL TRAINING 1,858,431.00 - Contra Entry- QUICKPAY WASH ACCOUNT CONTRA ENTRY 25-06-2018 44000 999999 444,000.00 - Service Charge- QUICKPAY WASH ACCOUNT GEN100 25-06-2018 1900 999999 1,980m00 - 29-06-2018 Payment- 2,860.00 - Cheque-CHQ145 CPC CENTRALIZED SALARIES CTRL A/C SALARY 29-06-2018PAMNNTAKOP______________ PAYMENT NITA KYEOP 1,594,100.00 - TOTAL 20,972,008.00 - RECEIPTS IN BANK STATEMENT NOT IN THE CASHBOOK(DIRECT CREDITS) DATE TRANSACTION DETAILS MONEY IN RECONCILED 04-06-2018 Cash Deposit- MAINA NGUKU 1,890.00 - 05-06-2018 Direct Credit- BANK 57373 4,500.00 05-06-2018 Direct Credit- BANK 43667 4,500.00 - 06-06-2018 Direct Credit- BANK 63347 3,000.00 06-06-2018 Direct Credit- BANK 55895 4,500.00 06-06-2018 Direct Credit- BANK 44445 1,500.00 06-06-2018 Direct Credit- BANK 47560 3,180.00 06-06-2018 Direct Credit- BANK 31983 1,200.00 06-06-2018 Direct Credit- BANK 49936 1,200.00 06-06-2018 Direct Credit- BANK NKU 083 17,100.00 06-06-2018 Direct Credit- BANK MSA 091 68,400.00 - 06-06-2018 Direct Credit- BANK 80387 4,680.00 06-06-2018 Direct Credit- BANK KWL 111 45,600.00 06-06-2018 Direct Credit- BANK KWL 050 11,400.00 06-06-2018 Direct Credit- BANK 27835 6,900.00 06-06-2018 Direct Credit- BANK 80387 2,700.00 06-06-2018 Direct Credit- BANK 40479 2,700.00 06-06-2018 Direct Credit- BANK NKU 014 11,400.00 06-06-2018 Direct Credit- BANK 27835 2,700.00 06-06-2018 Direct Credit- BANK MSA 087 28,500.00 06-06-2018 Direct Credit- BANK 40479 5,670.00 06-06-2018 Direct Credit- BANK 76966 6,000.00 07-06-2018 Direct Credit- BANK 11151 3,180,00 07-06-2018 Direct Credit- BANK 52828 3,180.00 Transfer- REF 1232823136 MSA 0 RUKIA MWINYIKHAM Reversal 14-06-2018 Entry 1232823136 MSA 0 17,100.00 Transfer- REF 1216116699 MSA 1 ALI BAKARI MWATA Reversal 14-06-2018 Entry 1216116699 MSA 1 6,000.00 Transfer- REF 1232823136 MSA 0 RUKIA MWINYIHAMI Reversal 14-06-2018 Entry 1232823136 MSA 0 18,00000 Transfer- REF 12242884317586 NICODEMUS WASHE Reversal 14-06-2018 Entry 12242884317586 2,700.00 Transfer- REF 1216116699 MSA 1 ALI BAKARI MWATA Reversal 14-06-2018 Entry 1216116699 MSA 1 5,700.00 [ Transfer- REF 1216116699 MSA 1 ALI BAKARI MWATA Reversal Entry 1216116699 MSA 1 6,000.00 Transfer- REF 12242884313598 GALUGALU MARK HI Reversal 14-06-2018 Entry 1224288431 3598 3,000.00 - 14-06-2018 Payment- 5,700.00 14-06-2018 Payment- 5,700.00 14-06-2018 Payment- 5,700.00 18-06-2018 Direct Credit- BANK 52828 3,000.00 18-06-2018 Direct Credit- BANK 16480 3,000.00 - 18-06-2018 Direct Credit- BANK 29722 3,000.00 18-06-2018 Direct Credit- BANK 25178 3,000.00 18-06-2018 Direct Credit- BANK 29722 4,500.00 18-06-2018 Direct Credit- BANK 40479 3,000.00 18-06-2018 Direct Credit- BANK 60109 3,000.00 18-06-2018 Direct Credit- BANK NKU 014 11,400,00 - 18-06-2018 Direct Credit- BANK 63906 18-06-2018 Direct Credit- BANK NRB C 064 5,700.00 18-06-2018 Direct Credit- BANK 68141 3,000.00 18-06-2018 Direct Credit- BANK 27835 3,000.00 18-06-2018 Direct Credit- BANK 29722 2,700.00 - 18-06-2018 Direct Credit- BANK 78577 3,000.00 18-06-2018 Direct Credit- BANK 18904 3,000.00 18-06-2018 Direct Credit- BANK 86614 3,000.00 18-06-2018 Direct Credit- BANK NKU 132 11,400.00 18-06-2018 Direct Credit- BANK 68141 2,700.00 18-06-2018 Direct Credit- BANK 80387 3,000.00 - 18-06-2018 Direct Credit- BANK 49187 3,000.00 - 18-06-2018 Direct Credit- BANK NKU 083 17,100.00 18-06-2018 Direct Credit- BANK 18904 2,700.00 - TOTAL 421,380.00 -