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

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GOVERNMENT OF MONTSERRAT CONSOLIDATED REVENUE FUND Statements of Assets and Liabilities as at December 31, 2004 (with comparative figures for December 31, 2003) LIABILITIES AND THE CONSOLIDATED FUND 2004 2003 MISCELLANEOUS DEPOSITS 3,101,289 2,885,390 INSURANCE COMPANY DEPOSITS 712,514 712,514 INDUSTRIAL INVESTMENTS DEPOSITS 50,543 50,543 SPECIAL FUNDS 583,927 569,015 SUB - TOTAL 4,448,273 4,217,463 CONSOLIDATED FUND BALANCE AT START OF YEAR 19,031,570 11,729,508 (Recurrent) REVENUE FOR THE YEAR 95,250,856 88,593,116 EXPENDITURE FOR THE YEAR 90,440,557 79,849,821 SURPLUS 4,810,299 8,743,295 (Development) REVENUE FOR THE YEAR 26,170,900 EXPENDITURE FOR THE YEAR 18,183,580 SURPLUS 7,987,320 SUSPENSE 253,311 36,277,462 20,726,114 TRANSFER OF LOCAL COSTS 2,340,744 PRIOR YEAR ADJUSTMENT 646,200 TOTALS 36,277,462 23,249,033 Accountant General Montserrat 50
CONSOLIDATED REVENUE FUND – 2004 Annual Abstract of Receipts and Payments ESTIMATE TOTAL AUTHORISED ACTUAL REVENUE SURPLUS (SHORT FALL) CONSOLIDATED FUND REVENUE:- 1A. TAX REVENUE Taxes on Income, Profits and Capital Gains 11,399,000 11,399,000 12,029,119 630,119 Taxes on Property 1,075,000 1,075,000 973,902 (101,098) Taxes on Domestic Goods and Services 1,308,500 1,308,500 1,337,387 28,887 Licences 1,384,300 1,384,300 1,883,635 499,335 Taxes on International Trade & Transactions 13,473,200 13,473,200 13,435,446 (37,754) TOTAL TAX REVENUE 28,640,000 28,640,000 29,659,489 1,019,489 1B – NON-TAX REVENUE Fee, Fines & Permits 774,900 774,900 884,771 109,871 Rents, Interest and Dividends 1,075,000 1,075,000 344,381 (730,619) ECCB Profits 200,000 200,000 210,704 10,704 Reimbursements 60,000 60,000 15,394 (53,606) Budgets and Grants 52,528,800 52,528,800 63,106,109 10,577,309 Other Revenue 475,100 475,100 1,030,008 554,908 TOTAL NON-TAX REVENUE 55,122,800 55,122,800 65,591,367 10,468,567 TOTAL REVENUE 83,762,800 83,762,800 95,250,856 11,488,056 Ag Accountant General MONTSERRAT Government of Montserrat Annual Accounts for the year ended December 31, 2004 51
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 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: APPENDIX 1 GOVERNMENT OF MONTSERRAT
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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