the Adninistrative 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