By Binta Jaiteh
The National Assembly Select Committee on Regional Government and Lands, Ombudsman and IEC are yet to consider the report of Kanifing Municipal Council due to unfinished reports.
Honorable Musa Amul Nyassi, chairperson of the committee said “we are all aware that KMC did not complete the submission of the document they were supposed to present for the select committee because of time we have.”
He said that they have to re-appear to determine whether the committee will adopt or reject. We will use that day to continue the presentation of the other document.
“The general Council presents the audited financial statements of Kanifing Municipal Council for the year ended 31st December 2019, the financial position of Kanifing Municipal Council is to provide basic services infrastructure and development to meet the needs of its inhabitants from human, financial material resources and opportunities generated in the Municipality,” he disclosed.
According to Bakary Trawally, director of audit at the Municipality and Area Councils (NAO) said: “we have audited the financial report of KMC for the year ended 31st December 2019 which comprise of the balance sheet and revenue expenditures statement.”
“In our opinion because of the significance of the matter discussed in the basis for adverse opinion section of our report, the accompanying financial statements do not present fairly financial position as at December 31 2019. ’The basis for adverse accumulated fund there still remains an unexplained difference of GMD 265,890.000 between the closing balance of the base year and the opening balance of the current year in respect of the accumulated funds account,” he explained.
“This figure is down from an original unexplained difference of GMD 1,400,530.00 this renders the balance unreliable. The unexplained abnormal treatments liabilities and income tax amounted to GMD 101,404,00 was stated as income tax in the trial balance adding that the same figure was transferred to the balance sheet under current asset as a negative figure but described as ‘Deposits Account’. This action will affect both liabilities and assets balance sheet,” he added.
The reported liabilities balance in the sheet includes GMD 8,932,271.93 described as “Deposits in the Transactions” without supporting documents and was moved on clearing the suspense account. No explanation has been given for the treatment there was also a cumulative negative balance of GMD 2,779,883.80 in the notes which significantly reduced the final liabilities balance. He said
Noting that, the loan accounted (2) of GMD1, 676,583.28 is been reported to be cleared but no evidence is provided to them to enable them review and substantiate the claim.
However, the salary control also account balance of GMD 156,966.76 is been reported to be transferred to the relevant accounts but there is no evidence provided to support the claim.
