EKITI STATE GOVERNMENT –
FINANCIAL HIGHLIGHTS FOR YEARS ENDED 31st DECEMBER
(Note: This is DIFFERENT from the EKITI STATE JOINT LOCAL GOVERNMENT ACCOUNT COMMITTEE ANNUAL FINANCIAL STATEMENTS; BELOW ARE STATE FIGURES, NOT INCLUDING LGs)
| DESCRIPTION | YEAR 2010 ( BUDGET | YEAR 2009 ( BUDGET PROJECTIONS |
| YEAR 2008 ( AUDITED | YEAR 2007 ( AUDITED |
| REVENUE |
|
| |||
| Statutory Allocation |
| 17,240,000,000.00 |
| 21,187,003,418.77 | 17,550,567,427.01 |
| Value Added Tax ( V. A. T. ) |
| 5,000,000,000.00 |
| 3,855,382,109.23 | 2,884,301,257.88 |
| Internally Generated Revenue |
| 11,995,643,319.53 |
| 4,153,780,092.56 | 1,706,422,327.37 |
| Excess Crude Oil Proceeds |
| 3,268,590,700.00 |
| 7,059,176,047.38 | 3,799,533,620.12 |
| Paris Club Debt Exit Proceeds |
| 0 |
| 0 | 8,172,030,004.31 |
| Ecological Fund |
| 2,000,000,000.00 |
| 0 | 1,000,000,000.00 |
| Proceeds from Shares Divestment |
| 0 |
| 0 | 1,400,000,000.00 |
| Foreign Loan Draw Down |
| 4,804,566,229.00 |
| 121,069,834.47 | 148,102,693.65 |
| MDGs Conditional Grant |
| 1,500,000,000.00 |
| 789,999,957.00 | 2,054,300,000.00 |
| Internal Loan |
| 36,654,807,418.54 |
| 0 | 0 |
| Refund of Loan on Gratuities |
| 0 |
| 819,333,010.65 | 0 |
| Refund on Federal Roads |
| 2,434,412,567.67 |
| 396,592,015.11 | 0 |
| Transfer from Previous Year |
| 5,547,397,180.26 |
| 0 | 0 |
| Sundry Refunds/Receipts |
| 205,433,771.00 |
| 0 | 354,216,280.00 |
| Total Revenue (A) |
| Ag. Gov. Odeyemi (April 2009 speech) - 90,650,851,186.00 |
| 38,382,336,485.17 | 39,069,473,610.34 |
| Oni - 67.477billion | Oni (Dec. 2008 speech) - 65,797,397,180.26 | ||||
| EXPENDITURE |
|
| |||
| Capital Expenditure |
| Odeyemi - 59,553,606,151.00 |
| 27,584,072,643.39 | 10,043,497,276.41 |
| Oni - 37.008billion | Oni - 41,024,600,180.26 | ||||
| Personnel Costs |
|
| 8,288,848,768.00 | 6,470,879,855.75 | |
| Pensions and Gratuities |
|
| 1,586,663,716.73 | 1,410,823,405.80 | |
| Overhead Costs |
|
| 2,768,368,431.50 | 2,429,908,412.48 | |
| Transfer to other Funds |
|
| 5,519,950,879.76 | 2,066,569,866.71 | |
| Grants to Parastatals & Tert. Inst |
|
| 5,598,165,272.30 | 2,579,064,933.21 | |
| Expenses of General Nature |
|
| 507,827,308.40 | 948,953,487.29 | |
| Repayment of Loans |
|
| 0 | 0 | |
| Foreign |
|
| 131,274,843.96 | 344,484,622,81 | |
| Local |
|
| 0 | 0 | |
| Total Recurrent Expenditure |
| Odeyemi- 31,097,245,035.00 |
| 24,401,099,220.65 | 16,250,684,664.24 |
| Oni – 30.468 billion | Oni - 24,772,797,000.00 | ||||
| Total Expenditure (B) |
| Odeyemi-90,650,851,186.00 |
| 51,985,171,864.04 | 26,294,181,940.65 |
| Oni- 67.477 billion | Oni - 65,797,397,180.26 | ||||
| Cash Balance |
|
| |||
| Net Cash (A-B) |
|
| (13,602,835,378.87) | 12,775,291,749.88 | |
| Opening Balance (1st Jan) |
|
| 19,318,767,845.18 | 6,543,476,095.30 | |
| Closing Balance (31st Dec.) |
|
| 5,715,932,466.31 | 19,318,767,845.18 |
Compiled by Bolaji Aluko
October 21, 2010
_____________________________________________________________________________________________________________________________________
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