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

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TABLE 4 ARREARS OF REVENUE Executing Agency Arrears at 31 December 2004 Ministry of Agriculture, Lands, Housing & the 496,573 Environment Ministry of Communications and Works 96,200 Inland Revenue:- 0 Income Tax 15,042,089 Company Tax 3,643,281 Property Tax 1,727,577 Broadcasting Services (Radio M/rat) 21,064 Customs 46,800 Treasury 900,509 Ministry of Health and Community Service 13,379 Development Unit 101,593 Total 22,101,710 71. As at the end of the fiscal year, there was a 13% decrease or $3,273,931 on Arrears of Revenue when compared to arrears outstanding at the end of the previous year. This is due in large measure to the write-offs given during the year. However, it would be prudent for a further portion of the Arrears to be written off since they are no longer considered to be collectible. 18
2.5 DEVELOPMENT FUND 2.5.1 Statement of Assets and Liabilities ASSETS 2004 2003 British Development Aid Claims 0 704,075 Outstanding Donor Agencies Expenditure 2,440,065 2,387,140 Outstanding Local Funds 2,253,474 0 Total Assets 4,693,539 3,091,215 LIABILITIES Deposits within Development Fund 10,956,229 343,734 Consolidated Fund Payable (1,083,179) (1,083,179) Donor Agencies Expenditure Payable (331,074) 694,610 Consolidated Capital Fund (12,835,756) 3,941,165 Add Revenue over Expenditure 7,987,319 (4,848,437) 805,115 3,136,050 Total Liabilities 4,693,539 3,091,215 2.5.2 Capital Expenditure 72. Development Expenditure as authorized by the Appropriations Act 2004 amounted to $42,938,400. Warrants in the amount of $2,157,100 increased authorized capital expenditure to $45,095,500. Actual expenditure for the year amounted to $18,183,580 being 40.3% of authorized expenditure for the year. This indicates that the rate of project implementation remained questionable. 73. Estimates and recorded results for the Development Fund are summarized in the Table 5 below. TABLE 5 Comparison Of Development Fund Estimates And Record Results 2004 Development Fund Expenditure Authorized Actual Variance DFID 37,407,000 14,964,440 22,442,560 LOCAL 5,863,100 3,148,299 2,714,801 UNDP 3,100 0 3,100 IRISH 11,300 0 11,300 FCO 75,000 0 75,000 BNTF 1,000,000 0 1,000,000 OECS 237,500 0 237,500 PAHO 486,200 70,841 415,359 CAREC 12,300 0 12,300 TOTAL 45,095,500 18,183,580 26,911,920 19
Page 1 and 2: REPORT OF THE AUDITOR GENERAL ON TH
Page 3 and 4: TABLE OF CONTENTS ABBREVIATIONS USE
Page 5 and 6: REPORT OF THE AUDITOR GENERAL ON TH
Page 7 and 8: Description Amount (EC$) 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 and 20: 38. Table 3 below provides a compar
Page 21 and 22: 43. The Inland Revenue and the Cust
Page 23 and 24: 55. The graph below highlights expe
Page 25: Emergency Department 168,587 Legal
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
Page 77 and 78:
audit or any duties incompatible wi
Page 79 and 80:
the provisions of section 10 (1)(d)
Page 81 and 82:
Government together with any reserv
Page 83:
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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