The following balances were extracted from the books of Abobakau Local Government for the year ended 31st December 2019. Construction of an office block ------ 3,850,000 Renovation of classroom blocks ----1,065,500 Court fines---- --------------------------------90,000 Building permits ---- -----------------------650,000 Rehabilitation of street lights-- ----------470,500 Wages and salaries----------------------7,880,450 Medical services -- ----------------------1,334,650 Provision of pipe borne water--- -----2,500,000 Interest on investments-------------------250,000 Lorry park levies----------------------------380,000 Market tolls-----------------------------------560,000 Property rates-----------------------------1,200,000 General administration------------------- 630,700 Motor vehicle procured-----------------6,653,000 Extension of office building------------- 950,000 Royalties ----------------------------------4,500,000 Subvention from Central/Fed govt 20,000,000 Grants from donor agencies---------2,000,000 Donations to charity homes----------250,000 Entertainment permits------------------70,000 Staff training ----------------------------550,000 Entertainment expenses ------------200,000 Marriage registration fees ------------80,000 Allowances to community leaders-380,000 Birth certificate fees ------------------160,000 Maintenance of motor vehicles----650,000 You are reg You are required to prepare for the ended 31st December 2019 (a) Statement of Recurrent Expenditure (b) Statement of Capital Expenditure (c) Statement of Revenue
Explanation
(a) ABOBAKU LOCAL GOVERNMENT Statement of Recurrent Expenditure for the year ended 31st December 2019 Rehabilitation of street lights 470,500 Wages and salaries 7,880,450 Medical services 1,334,650 General administration 630,700 Donations to charity homes 250,000 Staff training 550,000 Entertainment expenses 200,000 Allowances to community leaders 370,800 Maintenance of motor vehicles 650,000 12,337,100nm (b) Statement of Capital Expenditure for the year ended 31st December 2019 Renovation of classroom blocks 1,065,000 Construction of an office block 3,850,000 Provision of pipe-borne water 2,500,000 Motor vehicle procured 6,653,000 Extension of office building 950,000 15,018,000
(c) Statement of Revenue for the year ended 31st December 2019 Court fines 90,000 Building permits 650,000 Interest on investments 250,000 Lorry Park levies 380,000 Market tolls 560,000 Property rates 1,200,000 Grants from donor agencies 2,000,000 Royalties 4,500,000 Subvention from Central/Fed govt 20,000,000 Entertainment permits 70,000 Marriage registration fees 80,000 Birth certificate fees 160,000 29,940,000
