The administrative account

The Councilors of the Bamenda III Council examined the Administration Account for the year 2020 which stood at 705,855,941 FRS. Thus giving a positive carried forward into the year 2021 financial year of 236,715,998 which is mostly investment budget (PIB) Revenue.

The details of Revenue and Expenditure look as follows

REVENUE

The Revenue is constituted of Recurrent Revenue and Investment Revenue

A. Recurrent Revenue

Reserves allocated for functioning from 2019 15,003,189

Fiscal Revenue 28,009,315

Additional Council Tax 169,359,720

Revenue from council taxes 21,851,800

Proceed from the use of Council Property 32,831,550

Operating subsidies from BCC 40,000,000

Transfers Received 7,832,500

Other miscellaneous income 881,600

TOTAL 315,769,674

B. INVESTMENT REVENUE

Endowment fund = 226,148,457

Reserve allocated for investment from 2019 = 163,937,810

TOTAL = 390,086,267

Total A+B =315,769,674 + 390,086,267 = 705,855,941

EXPENDITURE

C. RECURRENT EXPENDITURE

Materials and Supplies = 56,211,848

Transport expenses = 1,187,000

Other service consumed = 9,344,695

Personnel cost = 89,609.459

Taxes and duties = 12.500

Subsidies allocated = 8,905,494

Transfers made = 6,069,922

Other expenses and sundry = 62,508,672

TOTAL = 233,849,595

D. INVESTMENT EXPENDITURE

Land Acquisition = 4,900,000

Other Tangible Assets = 216,177,468

Layout and fixtures = 4.900.000

Equipment and furniture = 9,312,880

TOTAL = 235,290,348

Total C+D = 233,849,595 + 235,290,348 = 469,139,943