In line with its avowed commitment to transparency and accountability in management of public funds, Kogi State Government has published the State’s audited accounts for the year ending 31st December 2016.
The audited accounts made available to Journalists in Lokoja by the State Commissioner of Finance, Alhaji Ashiru Asiwaju shows a balance expenditure and revenue profile.
The final balance sheet, according to the report indicated that the sum of One Hundred and Twenty-eight Billion, Eight Hundred and Ninety million, One Hundred and Ninety-five Million,Five Hundred and Seventy-two Thousand, Thirty-eight kobo as receipts while the same amount was expended.
Twenty-two Billion, Five Hundred and thirty Million, Four Hundred and Twelve Thousand, Eight Hundred and Thirty-nine Naira, Eleven Kobo came in as statutory allocation, with Eight Billion, Four Hundred and Eighty-eight Million, One Hundred and fifty Thousand, Two Hundred and thirteen Naira, thirty-four Kobo as the state share of the value added tax.
The domestic excess crude amounted to One Billion, four Hundred and Seventy-six Million, Five Hundred and Thirty-seven Thousand, Four Hundred and four-five Naira, sixteen Kobo, while refund from the Federal Government amounted to Eleven Billion, Two Hundred and Eleven Million, Five Hundred and seventy-three Thousand, Three Hundred and twenty-eight Naira nineteen kobo.
The audited account revealed that Twenty-two Billion, Four Hundred and one Million, Forty-six Thousand, Nine Hundred and ninety Naira, Twenty-nine Kobo was expended on salary.
According to the report, the amount expended on pension and gratuity was Four Billion, Five Hundred and forty-five Million, Five Hundred and seven Thousand, One Hundred and Ninety-eight Naira Eighty-seven Kobo.
The finance commissioner assured the people of Kogi State of the State Government determination to judiciously use the State fund for public good.
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