Ekiti State Goverment Information Portal

EKITI FINANCE

2009 JAAC Financial Report

Written by Media team

Friday, 19 March 2010

EKITI STATE OF NIGERIA

OFFICE OF THE ACCOUNTANT GENERAL

MINISTRY OF FINANCE ANDD ECONOMIC DEVELOPMENT

STATE JOINT LOCAL GOVERNMENT ACCOUNT COMMITTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS

STATEMENT 1

SOURCES AND APPLICATION OF FUNDS

FOR THE YEAR ENDED 31^ST DECEMBER, 2009

SOURCES	NOTES	YEAR 2009 (N)	YEAR 2008 (N)
Net Statutory Allocation	1	9,628,747,151.46	13,231,372,624.92
Value Added Tax (VAT)	2	2,585,087,167.16	2,195,483,521.38
Excess Crude Oil Proceeds	3	5,044,893,246.88	8,871,379,644.17
Contribution from State I.G.R.	4	175,056,379.44	181,001,130,70
Exchange Rate Gain	5	517,306,937.94	-
Total Revenue		17,951,090,882.88	24,479,236,921.17

APPLICATION
(A) First Line Charges Primary School Teachers’ Salary	6	5,377,934,258.04	4,362,812,814.06
Local Govt. workers Salary & Allowances	7	6,123,661,580.23	5,508,798,153.97
Political Holders’ Salary	8	1,275,755,557.14	368,680,606.08
Traditional Council’s Allocation	9	417,808,610.38	648,337,258.68
Chieftaincy Dept. Allocation	10	9,628,747.18	13,231,372.60
Local Govt. Training Fund	11	68,654,813.90	132,313,726.27
Local Govt. Pension Fund	12	1,138,006,651.59	1,193,964,488.10
Local Govt. Staff Loans Board	13	115,252,509.71	165,392,157.84
Local Govt. Service Commission	14	142,972,042.62	198,470,589.31
Local Govt. Staff Pension Board	15	92,202,007.77	132,313,726.29
Local Govt. Training School	16	69,151,505.81	99,235,294.71
JAAC Administrative Charges	17	47,100,949.58	66,156,863.13
Repayment of Loans on Gratuity		-	819,333,010.65
Other Expenses	18	231,849.59	782,329.62
Sub – Total		14,931,361,083.81	13,709,822,391.31

(B) Allocations to Local Govt. Councils Net Distributable Funds (After First Lines charges)	19	3,019,729,799.07	10,769,414,529.86
Total Disbursement		17,951,090,882.88	24,479,236,921.17

STATEMENT 2

NET ALLOCATION TO LOCAL GOVT. COUNCILS

FOR THE YEAR ENDED 31^ST DECEMBER, 2009

(AFTER FIRST LINE CHARGES)

S/N	LOCAL GOVT. COUNCILS	NET ALLOCATION YEAR 2009 N	NET ALLOCATION YEAR 2008 N
1	ADO	242,126,854.85	856,282,289.22
2.	AYEKIRE	188,750,828.27	672,086,885.14
3	EFON	175,828,900.98	624,728,116.34
4	EKITI EAST	184,845,465.00	659,477,699.25
5	EKITI SOUTH WEST	190,034,009.48	685,186,390.40
6	EKITI WEST	192,641,185.65	697,091,832.23
7	EMURE	153,735,546.09	582,072,608,42
8	IDO/0SI	195,985,092.57	694,225,041.14
9	IJERO	212,340,672.63	750,569,318.35
10	IKERE	191,325,416.09	678,491,652.56
11	IKOLE	205,519,469.58	737,104,443.73
12	ILEJEMEJE	145,981,823.16	514,576,342.58
13	IREPODUN/IFELODUN	180,497,844.10	650,632,441.18
14	ISE/ORUN	177,060,354,.97	628,716,659.72
15	MOBA	186,664,504.61	665,308,230.74
16	OYE	186,391,831.04	689,864,578.88
	TOTAL	3,019,729,799.07	10,766,414,529.86

STATEMENT 3

ANALYSIS OF TOTAL ALLOCATION TO THE LOCAL GOVERNMENT COUNCILS FOR THE YEAR ENDED 31^ST DECEMBER, 2009

S/N	LOCAL GOVERNMENT COUNCILS	PRIMARY SCHOOL TEACHERS’ SALARY N	LOCAL GOVERNMENT WORKERS’ SALARY N
1	ADO	784,494,309.03	401,644,340.57
2.	AYEKIRE	234,396,308.52	440,419,787.38
3	EFON	206,136,530.68	268,587,957.81
4	EKITI EAST	281,344,351.79	453,578,355.9
5	EKITI SOUTH WEST	365,194,094.95	412,944,599,.45
6	EKITI WEST	388,083,024.55	484,724,184.21
7	EMURE	163,404,903.23	303,894,450.37
8	IDO/0SI	451,689,600.60	382,209,923.73
9	IJERO	390,895,463.18	428,806,211.20
10	IKERE	389,091,942.20	366,396,239.44
11	IKOLE	400,400,486.99	419,549,426.01
12	ILEJEMEJE	112,844,093.52	269,817,230.75
13	IREPODUN/IFELODUN	395,701,350.90	457,817,230.75
14	ISE/ORUN	244,998,094.64	341,237,950.97
15	MOBA	228,345,843.20	303,237,581.93
16	OYE	376,912,859.99	389,058,467.05
	TOTAL	5,377,934.258.04	6,123,661,580.23

STATEMENT 3

ANALYSIS OF TOTAL ALLOCATION TO THE LOCAL GOVERNMENT FOR THE YEAR ENDED 31^ST DECEMBER, 2009

S/N	LOCAL GOVERNMENT COUNCILS	POLITICAL OFFICE HOLDERS’ SALARY N	TRADITIONAL COUNCILS ALLOCATIONS N
1	ADO	87,903,173.93	37,641,941.43
2.	AYEKIRE	72,031,874.73	29,584,758.89
3	EFON	75,392,180.69	27,334,231.81
4	EKITI EAST	83,732,792.59	29,032,271.03
5	EKITI SOUTH WEST	79,778,491.49	29,742,342.99
6	EKITI WEST	79,778,497.45	30,298,605.34
7	EMURE	77,120,180.69	25,572,970.32
8	IDO/0SI	79,778,491.49	30,609,999.04
9	IJERO	83,732,790.43	33,124,738.92
10	IKERE	78,914,497.45	29,585,879.71
11	IKOLE	83,733,374.29	31,965,976.97
12	ILEJEMEJE	75,392,180.73	22,884,604.86
13	IREPODUN/IFELODUN	79,562,486.65	28,393,931.88
14	ISE/ORUN	75,392,180.69	27,631,943.07
15	MOBA	79,778,491.49	29,045,009.86
16	OYE	83,733,872.59	29,113,422.11
	TOTAL	1,275,775,557.41	471,808,610.38

STATEMENT 3

ANALYSIS OF TOTAL ALLOCATION TO THE LOCAL GOVERNMENT FOR THE YEAR ENDED 31^ST DECEMBER, 2009

S/N	LOCAL GOVERNMENT COUNCILS	PENSION TRAINING FUND N	SUBVENTION TO LOCAL GOVT. PARASTATALS N
1	ADO	75,416,341.59	29,721,225.77
2.	AYEKIRE	75,416,341.59	29,721,225.77
3	EFON	75,416,341.59	29,721,225.77
4	EKITI EAST	75,416,341.59	29,721,225.77
5	EKITI SOUTH WEST	75,416,341.59	29,721,225.77
6	EKITI WEST	75,416,341.59	29,721,225.77
7	EMURE	75,416,341.59	29,721,225.77
8	IDO/0SI	75,416,341.59	29,721,225.77
9	IJERO	75,416,341.59	29,721,225.77
10	IKERE	75,416,341.59	29,721,225.77
11	IKOLE	75,416,341.59	29,721,225.77
12	ILEJEMEJE	75,416,341.59	29,721,225.77
13	IREPODUN/IFELODUN	75,416,341.59	29,721,225.77
14	ISE/ORUN	75,416,341.59	29,721,225.77
15	MOBA	75,416,341.59	29,721,225.77
16	OYE	75,416,341.59	29,721,225.77
	TOTAL	1,206,661,461.44	475,539,612.31

STATEMENT 3

ANALYSIS OF TOTAL ALLOCATION TO THE LOCAL GOVERNMENT FOR THE YEAR ENDED 31^ST DECEMBER, 2009

S/N	LOCAL GOVERNMENT COUNCILS	TOTAL NET DISTRIBUTABLE FUNDS (After 1st Line Charges) N	GRAND TOTAL ALLOCATION N
1	ADO	242,126,854.85	1,658,922,187.20
2.	AYEKIRE	188,750,828.27	1,070,321,125.15
3	EFON	175,828,900.98	858,417,269.38
4	EKITI EAST	184,845,465.00	1,137,670,803.76
5	EKITI SOUTH WEST	190,034,009.48	1,182,831,105.72
6	EKITI WEST	192,641,185.65	1,280,663,064.59
7	EMURE	163,735,546.09	838,865,618.06
8	IDO/0SI	195,985,092.57	1,209,410,674.79
9	IJERO	212,340,672.63	1,254,037,443.72
10	IKERE	191,325,461.09	1,160,724,542.25
11	IKOLE	205,591,469.58	1,246,306,301.20
12	ILEJEMEJE	145,981,823.16	731,795,262.96
13	IREPODUN/IFELODUN	180,497,844.10	1,247,110.393.81
14	ISE/ORUN	177,060,354.97	971,458,091.70
15	MOBA	186,664,504.61	932,208,978.45
16	OYE	186,396,831.04	1,170,348,020.14
	TOTAL	3,019,729,799.07	17,951,090,882.88

EKITI JAAC FINANCIAL STATEMENT

Written by Media team

Monday, 22 June 2009

OFFICE OF THE ACCOUNTANT GENERAL

MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

STATE JOINT LOCAL GOVERNMENT ACCOUNT COMMITTEE ANNUAL REPORT AND FINANCIAL STATEMENTS

STATEMENT 1

SOURCES AND APPLICATION OF FUNDS FOR THE YEAR ENDED 31ST DECEMBER, 2008

SOURCES	NOTES	YEAR 2008 (N)	YEAR 2007 (N)
Net Statutory Allocation	2	13,231,372,624.92	10,661,242,424.07
Value Added Tax ( V. A. T. )	3	2,195,483,521.38	1,643,357,058.42
Excess Crude Oil Proceeds	4	8,871,379,644.17	2,230,586,816.04
Contribution from State I. G. R.	5	181,001,130.70	140,984,527.83
Sub - Total		24,479,236,921.17	14,676,170,826.36
Loan from State Govt. for Gratuity payment			819,333,010.58
Total Revenue		24,479,236,921.17	15,495,503,836.94

APPLICATION
(A) First Line Charges
Primary School Teachers' Salary	6	4,362,812,814.06	3,845,283,244.58
Local Govt. Workers' Salary and Allowances	7	5,508,798,153.97	3,847,004,043.18
Political Office Holders' Salary	8	368,680,606.08	245,471,791.93
Traditional Councils' Allocation	9	648,337,258.68	522,400,878.26
Chieftaincy Department Allocation	10	13,231,372.60	10,661,242.42
Local Government Training Fund	11	132,313,726.27	106,612,424.22
Local Government Pension Fund	12	1,193,964,488.10	1,731,642,935.11
Local Government Staff Loans Board	13	165,392,157.84	133,265,530.31
Local Government Service Commission	14	198,470,589.31	159,918,636.37
Local Government Staff Pension Board	15	132,313,726.29	106,612,424.22
Local Government Training School	16	99,235,294.71	79,959,318.18
JAAC Administrative Charges	17	66,156,863.13	53,306,212.11
Repayment of Loan on Gratuity	18	819,333,010.65
Other Expenses	19	_______782,329.62
Sub - Total		13,709,822,391.31	10,842,138,680.89
*(B) Allocation to Local Government Councils*
(i) Net Distributable Funds (after first line charges)	20	2,498,879,093.50	2,422,778,340.01
(ii) Excess Crude Proceeds	20	8,270,535,436.36	2,230,586,816.04
Sub - Total		10,769,414,529.86	4,653,365,156.05
Total Disbursement		24,479,236,921.17	15,495,503,836.94

STATEMENT 2

ALLOCATION TO LOCAL GOVERNMENT COUNCILS FOR THE YEAR ENDED 31ST DECEMBER, 2008 (AFTER FIRST LINE CHARGES)

S/NO	LOCAL GOVT. COUNCIL	TOTAL NET DISTRIBUTABLE FUNDS YEAR 2008 (N)	TOTAL NET DISTRIBUTABLE FUNDS YEAR 2007 (N)
1.	ADO	859,282,286.22	368,833,196.49
2.	AYEKIRE	672,086,885.14	274,081,975.68
3.	EFON	624,728,116.34	280,893,830.13
4.	EKITI EAST	659,477,699.25	271,782,814.95
5.	EKITI SOUTH WEST	685,186,390.40	325,998,762.79
6.	EKITI WEST	697,091,832.23	326,243,326.89
7.	EMURE	582,072,608.42	249,958,113.26
8.	IDO/OSI	694,225,041.14	282,496,847.74
9.	IJERO	750,569,318.35	293,469,508.42
10.	IKERE	678,491,652.56	282,208,634.75
11.	IKOLE	737,104,443.73	324,741,223.61
12.	ILEJEMEJE	514,576,342.58	202,418,161.58
13.	IREPODUN/IFELODUN	650,632,441.18	294,267,349.11
14.	ISE/ORUN	628,716,659.72	261,529,277.18
15.	MOBA	665,308,230.74	304,910,468.25
16.	OYE	669,864,578.86	309,531,665.22
		10,769,414,529.86	4,653,365,156.0

Signed:
D.T. Ibikunle
Accountant General
Ekiti State

AUDIT CERTIFICATE

I have examined the Annual Finacial Statement of Ekiti Joint Local Government Account Committee as at 31st December, 2008 in accordance with Section 125 (2) of the Constitution of the Federal Republic of Nigeria, 1999. I have obtained information and explanations that I required for my audit.

In my opinion, the Statements of Sources and Application of funds, and supporting Accounts and Statements gives a true and fair view of the state of affairs of the Ekiti State Joint Local Government Accounts as at 31st December, 2008 subject to the observations in my Reports.

Signed:
A.G. Ajayi
Auditor General
Ekiti State

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