Auditor General's Report on the Public Accounts of Montserrat 2004

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EC$(M) DIAGRAM 1 LOCAL RECURRENT REVENUE BY TYPE 35 30 25 20 15 10 5 0 Tax Non-tax 2003 2004 42. Diagram 2 below illustrates the apportionment (by percentage) of revenue generated by various government departments. Revenue from other sources includes, but is not limited to, income received for Telecommunications Licences, Motor Vehicle Licences, Stamp Duty and Foreign Currency Levy. These revenue heads each contributed greater than $400,000 dollars towards the public purse. DIAGRAM 2 Recurrent Local Revenue 2004 by Departments Other Sources 13% Other Gov't Dep'ts 6% Inland Revenue 41% Customs 40% 12
43. The Inland Revenue and the Customs Departments continue to be our major revenue generating departments. They combined to collect $26.06M or 81% of revenue collected during 2004. An additional $.86M was collected when compared to collections for 2003. 2.3.5 Special Budgetary Assistance 44. Projected Special Budgetary Assistance for 2004 was stated at $52,528,800. Actual revenue for this subhead amounted to $63,106,109, showing an increase of $10,577,309. This increase was given primarily to meet subventions for transport subsidy; to make part payment on Social Security Contribution Arrears; and other Emergency Expenditure. 2.3.6 Recurrent Expenditure 45. The Appropriations Act 2004, Ordinance #2 of 2004, authorized recurrent expenditure amounting to $83,762,800. One Supplementary Estimate valuing $7,600,000 was issued to meet cost of expenditure as outlined in paragraph 44. An additional $140,000 was added to meet statutory obligations under the Consolidated Fund Services. 46. Actual expenditure for the year under review amounted to $90,440,558. 47. Classifying costs by Ministries and Departments, we note that three of them recorded increased expenditure over $1M when compared with actual expenditure in 2003. Departments making up the Ministry of Finance sub-grouping recorded total increased expenditure of $5.36M, Ministry of Communications and Works $3.81M while Ministry of Health and Community Services recorded $1.05M. These increases were to facilitate payment of Social Security Arrears, increased subventions, investment promotion, and public welfare services. 48. The chart below highlights the major areas of actual Recurrent Expenditure incurred by the various Ministries and Departments for the year under review as compared with 2003. All Departments falling under the purview of the Ministry of Finance are grouped together, while other Departments not specifically listed are grouped under Others. 13
Page 1 and 2: REPORT OF THE AUDITOR GENERAL ON TH
Page 3 and 4: TABLE OF CONTENTS ABBREVIATIONS USE
Page 5 and 6: REPORT OF THE AUDITOR GENERAL ON TH
Page 7 and 8: Description Amount (EC$) Consolidat
Page 9 and 10: CHAPTER 1 1.0 INTRODUCTION 1.1 <str
Page 11 and 12: 1.4 Purpose of Audit Office 6. The
Page 13 and 14: 13. The first draft of the 2004 Ann
Page 15 and 16: 2.2 Movement of Assets and Liabilit
Page 17 and 18: of realism of the budget and the ex
Page 19: 38. Table 3 below provides a compar
Page 23 and 24: 55. The graph below highlights expe
Page 25 and 26: Emergency Department 168,587 Legal
Page 27 and 28: 2.5 DEVELOPMENT FUND 2.5.1 Statemen
Page 29 and 30: to be done to ensure that all accou
Page 31 and 32: that GOM should have been making co
Page 33 and 34: 3.1.4 Recruitment Process and Appoi
Page 35 and 36: 110. We therefore reiterate that it
Page 37 and 38: deposited or overpaid. Most of this
Page 39 and 40: Location Amount Outstanding 2004 EC
Page 41 and 42: areas. Management should therefore
Page 43 and 44: 3.13 PUBLIC LIBRARY 3.13.1 Trust Fu
Page 45 and 46: 4.7 Montserrat Electricity Services
Page 47 and 48: CHAPTER 5 5.0 THE OFFICE OF THE AUD
Page 49 and 50: Revenue 175. The positive variance
Page 51 and 52: Working Paper Preparation Systems-b
Page 53 and 54: ACKNOWLEDGEMENT AND APPRECIATION Th
Page 55 and 56: Montserrat, and the sums expended h
Page 57 and 58: APPENDIX 1 GOVERNMENT OF MONTSERRAT
Page 59 and 60: CONSOLIDATED REVENUE FUND - 2004 An
Page 61 and 62: GOVERNMENT OF MONTSERRAT DEVELOPMEN
Page 63 and 64: CASHFLOW STATEMENT 2004 (with compa
Page 65 and 66: F. Expenditure Expenditure for Gove
Page 67 and 68: 10. Advances to Other Government Ad
Page 69 and 70: APPENDIX 2 NO. 07 OF 2001 AUDIT ACT
Page 71 and 72:
"Public Body" for the purposes of t
Page 73 and 74:
Auditor General in
Page 75 and 76:
(g) adequate regulations, direction
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audit or any duties incompatible wi
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the provisions of section 10 (1)(d)
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Government together with any reserv
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APPENDIX 3 OFFICE OF THE AUDITOR GE
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Auditor General's Report on the Public Accounts of Montserrat 2004

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