Annual general report of the controller and - Parliament of Tanzania

(iii) Tanzania Engineering and Mechanical Development
Organization
Cash collections at TEMDO were not banked promptly and
intact, instead collections were used to meet day to day
expenses, thereby resulting into under-banking as
follows:
Date Receipt
No.
Receipt
Amount
TZS
Amount
Banked
TZS
Difference/
Not Banked
TZS
15.08.2007 12365 302,200 252,000 50,200
09.10.2007 12391 24,000 2,000 22,000
29.10.2008 12509 900,000 606,566 293,434
TOTAL
1,226,200 860,566
365,634
I urge the management of TEMDO to ensure that cash
collections are banked promptly and intact.
4.3 Specific Observation
4.3.1 Tanzania Broadcasting Corporation (TBC)
Lack of accuracy and completeness of revenue data
Generally, the Marketing Department of TBC does not
maintain a complete record of all Broadcasting Commercial
Orders (BCOs). For instance the department did not
prepare a detailed list of all BCOs that were raised during
the financial year 2007/2008 on a monthly basis. We
further noted a difference of Shs 2,217,323,619 between
revenue summary from Marketing Department and the
summary total of invoices issued to customers by the
Accounting Department. See table 1 below. There was no
clear explanation from management for the difference
between the two sets of reports.
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Office of the Controller and Auditor General PA&oBs 2007/08 87