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1.Our copy of the #2016AGsReport is in. Next week we will share details & analysis of issues raised. For today a #thread of some highlights.
2. First some definitions: Unaccounted For Revenue is Revenue collected but neither banked nor on hand. #2016AGsReport
3. Unaccounted for Funds is: Failure to properly account for the funds. #2016AGsReport
4. Misapplication: Use of funds budgeted for a programme on an unrelated programme without authority from Sec. to Treasury. #2016AGsReport
5. Unretired Accountable Imprest: Imprest not retired (Money not brought back or receipted as required) #Definitions. #2016AGsReport
6. Unvouched Expenditure: Payment vouchers not availed for audit b/c they are missing or inadequately supported. Can be concealing a wrongs.
7. Unaccounted For-Stores: Lack of receipt and disposal details for goods procured. #Definitions
8. Irregular Payments: Payments made outside the normal practice or acceptable
regulations or norms. #Definitions
9. Non Recovery of Advances and Loans: Failure to effect recovery of loans or advances. #2016AGsReport #Definitions
10. Failure to Follow Procurement Procedures: Non-Compliance with the ZPPA Act & Procurement guidelines in the purchase of goods & services.
11.Undelivered materials: Goods paid for but not received. #2016AGsReport #Definitions
12. Non Submission of Expenditure Returns: Failure to provide details of how funds disbursed were utilised. #2016AGsReport #Definitions
13. Wasteful Expenditure: Expenditure incurred where there is no benefit derived. #2016AGsReport #Definitions
14. Overpayments: Payments made above the normal price charged. #2016AGsReport #Definitions
15. Misappropriation of Funds: Use of public funds for personal purposes or crediting public funds to a private bank account. #2016AGsReport
16. Here is the table showing total amounts of all issues we have defined above: #2016AGsReport #Zambia
17. The #2016AGsReport #Zambia also includes a trend analysis from 2012-2014
18. The Auditor General expressed a 'Fair' opinion meaning, Zambia's accounts give correct & complete info. about our financial situation.
19. AG is very concerned with, Misappropriation of Funds which stands at K3,618,127 in 2016.
20. AG: there is need to ensure that audit recommendations of the AG & PAC are implemented in order to enhance public financial management.
21. Finally, be sure to register for our #CitizenInsaka where this report & more will be discussed. Sat 11.Nov.17 Thank you for following.
22. To register for the #CitizenInsaka call 0211284931 or 0977319119
Have a great weekend and keep #Asking
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