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Bamenda III Sub Divisional Council

THE COUNCIL OF THE FUTURE...

the Adninistrative Account

Bamenda III Council, Thu 29th, Apr 2021, 10:13

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