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
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
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option
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
(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