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EKITI FINANCE
2009 JAAC Financial Report PDF Print E-mail
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 31ST 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 31ST 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 31ST 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 31ST 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 31ST 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 31ST 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 PDF Print E-mail
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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