KENYA NATIONAL AUDIT OFFICE

Transcription

1 Public Disclosure Authorized REPUBLIC OF KENYA - ' ~&$*'~'~ :~ " w- ~ r ', ;\...:..._ J"'~'' KENYA NATIONAL AUDIT OFFICE Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized REPORT OF THE AUDITOR-GENERAL ON THE FINANCIAL STATEMENTS OF NATIONAL URBAN TRANSPORT IMPROVEMENT PROJECT CREDIT NO KE FOR THE YEAR ENDED 30 JUNE 2014 KENYA NATIONAL HIGHWAYS AUTHORITY

2 REPUBLIC OF KENYA. Telephone: Fax: oag@oagkenya.go.ke Website. P.O. Box NAIROBI KENYA NATIONAL AUDIT OFFICE REPORT OF THE AUDITOR-GENERAL ON NATIONAL URBAN TRANSPORT IMPROVEMENT PROJECT- CREDIT NO KE FOR THE YEAR ENDED 30 JUNE 2014-KENYA NATIONAL HIGHWAYS AUTHORITY REPORT ON THE FINANCIAL STATEMENTS I have audited the accompanying financial statements of National Urban Transport Improvement Project Credit No KE set out on pages 1 to 8, which comprise the statement of financial assets and liabilities as at 30 June 2014, and statement of receipts and payments, statement of cash flow and statement of comparative budget and actual amount for the year then ended, and a summary of significant accounting policies and other explanatory information in accordance with the provisions of Article 229 of the Constitution of Kenya, Section 14 of the Public Audit Act, 2003 and the Financing Agreement No KE dated 26 September 2012 between the International Development Association (IDA) and the Government of Kenya (GOK). I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audit. Management's Responsibility for the Financial Statements The Director General, Kenya National Highways Authority (KeNHA) and the Project Implementation Team Leader are responsible for the preparation and fair presentation of these financial statements in accordance with International Public Sector Accounting Standards (Cash Basis) and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. The management is also responsible for the submission of the financial statements to the Auditor-General in accordance with the provisions of Section 13 of the Public Audit Act, Auditor- General's Responsibility My responsibility is to express an opinion on these financial statements based on the audit and report in accordance with the provisions of Section 15(2) of the Public Audit Act, The audit was conducted in accordance with International Standards on Auditing. Those standards require compliance with ethical requirements and that the audit be planned and performed to obtain reasonable assurance about whether the financial statements are free from material misstatement. Promoting Accountability in the Public Sector

3 An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Project's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements I believe the audit evidence obtained is sufficient and appropriate to provide a basis for my audit opinion. Opinion In my opinion, the financial statements present fairly, in all material respects, the financial position of the Project as at 30 June 2014, and of its financial performance and its cash flows for the year then ended, in accordance with International Public Sector Accounting Standards (Cash Basis) and comply with the Financing Agreement No KE. In addition, the Special Account Statement presents fairly the special account transactions and the ending balance has been reconciled with the books of account. REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS As required by the International Development Association, I report based on my audit that:- i) All International Development Association funds have been used in accordance with the conditions of the Financing Agreement, with due attention to economy, and efficiency and only for the purpose for which the funds were provided; ii) iii) iv) Counterpart funds have been provided and used in accordance with the conditions of the Agreement, with due attention to economy and efficiency and only for the purpose for which they were provided; Goods and services financed have been procured in accordance with the conditions of the Agreement and in compliance with the Development partner's rules and procedures; Necessary supporting documents, records and accounts have been kept in respect of all Project activities; v) Adequate internal controls to monitor expenditure and other financial transactions exist; and 2

4 vi) The fixed assets register for the Projects' assets was maintained during the year. Edward R.O. Ouko, CBS Auditor-General Nairobi 19 December

5 MINISTRY OF TRANSPORT AND INFRASTRUCTURE PROJECT NAME: KENYA NATIONAL URBAN TRANSPORT IMPROVEMENT PROJECT IMPLEMENTING ENTITY: KENYA NATIONAL IDGHWAYS AUTHORITY PROJECT GRANT/CREDIT NUMBER: LOAN ID 5140-KE PROJECT NO P ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED JUNE 30, 2014 Prepared in accordance with the Cash Basis of Accounting Method under the International Public Sector Accounting Standards (IPSAS)

6 .. NATIONAL URBAN TRANSPORT IMPROVEMENT PROJECT CONTENTS PAGE l. PROJECT INFORMATION AND OVERALL PERFORMANCE... i 2. STATEMENT OF PROJECT MANAGEMENT RESPONSIBILITIES... vi 3. REPORT OF THE rndependent AUDITORS ON THE NATIONAL URBAN TRANSPORT PROJECT... vii 4. ST A TEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 30TH JUNE STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 30TH JUNE STATEMENT OF CASHFLOW FOR THE PERIOD 30TH JUNE STATEMENT OF COMPARATIVE BUDGET AND ACTUAL AMOUNTS NOTES TO THE FINANCIAL STATEMENTS... 5

7 1. PROJECT INFORMATION AND OVERALL PERFORMANCE 1.1 Name and registered office Name: Kenya National Urban Transport Improvement Project Objective: a) Improve the efficiency of road transport along the Northern Corridor b) Improve the institutional capacity and arrangements in the urban transport Subsector c) Promote private sector participation in operation, Financing and Management of transport Sector Address: Contacts: Blue Shield Tower, Hospital Road Upper Hill Nairobi Kenya Director General Kenya National Highways Authority Po Box Nairobi Telephone: (254) Website: Project Information Project Start Date: 24th December 2012 Project End Date: 31st December 2018 I Project Engineer Eng Dennis Odeck! Project Sponsor: International Development Agency(IDA) 1.3 Project Overview Line I Department of the project I Project number project is under the supervision of the Ministry of Transport and Infrastructure P

8 project goals of the Achievement of strategic goals Other impo1tant background information of the project strategic goals of the project are as follows: The project management aims to achieve the goals through the following means: (i)the Implementation of policy and Institutional reforms in transport Paiticularly urban Public Transport (ii) Financing infrastructure improvements to decongest major towns necessary to support Kenya's long term Development strategy (iii)creation of Institutional capacity to provide oversight and regulatory functions to support the delivery of urban Public the delivery of urban Public Transport Services (iv) The Preparation of appropriate investment interventions that would promote urban public mass transit systems Upgrade the Urban Road Transport Infrastructure (total cost US$3 l I. l 5 million, of which IDA US$ million). Infrastructure (total cost US$31 l.15 million, of which lda US$ million). This component will involve: (a)expanding and upgrading the Northern Corridor road section through Nairobi from JKIA turnoff to Rironi I I I Current situation that the project was formed to intervene (b) Constructing the Kisumu Northern Bypass road ( c) Constructing and rehabilitating non-motorized transport facilities including foot paths, cycle tracks, pedestrian bridges and underpasses. i)-kenya's economic development strategy ii)-address the mounting pressures on the major urban centres, mainly Nairobi, road and related transport infrastructure and laying the foundation for developing an efficient urban public transport system (iii) prepare a model mass transport system aimed at providing affordable and efficient public transport services in urban areas particularly for serving the low-income populations, especially in the CBD of Nairobi and along the developed high density corridors; and (iv) build the operational and managerial capacity and efficiency of urban transport agencies in dealing with urbanization and transpo1tation Project duration The project sta1ted on 24th December 2016 and is expected to run until 31st December 2018 II

9 1.4 Bankers Kenya Commercial Bank Mai A venue Branch Po Box Nairobi 1.5 Auditors Auditor General -Kenya National Audit Office Po Box I 00 Nairobi 1.6 Roles and Responsibilities Names Title designation Key qualification Responsibilities Eng M Kidenda Director General Qualified Oversight HSC,MBS Eng L.K Tonui General Manager Special Qualified Projects Oversight Eng D.Muchilwa PITL Qualified Team Leader Eng Dennis Odeck Manager, Special Project Qualified Team Coordinator & Construction Specialist Rose Aloo Senior Sociologist Qualified Mr Isaac Kamotho Senior Accountant Qualified Financial Specialist Mr Walter Nyatwanga Manager,Environment Qualified Environmental Mr R Kile! Procurement Officer Qualified Procurement Specialist iii

10 1. 7 Funding summary The Project is for duration of 6 years from 24th December 2012 to 31st December 2018 with an approved budget of XDR 143,990, equivalent to Kshs 19,168,064, as highlighted in the table below: Below is the funding summary: Source of Amount received to date - (30 Undrawn balance to date Dooor Commitmentfunds ) ( ) I (0 Grant Donor Donor Donor Kshs Kshs currency(xdr) currency(xdr) currency(xdr) (A) (A') (B) (B') (A)-(B) (A ')-{B') (idloan 143,990,000 19,168,064, ,990,000 19, 168,064,856 Kshs (fu)counterpart funds GOK 239,518, ,759,986 44,758,847 Total 143,990,000 19,407,583, ,759, ,990,000 19,212,823,703 IDA XOR 19, 168,064,856 GOK XOR 239,518,833 Exchange Rate Kshs Summary of Overall Project Performance: - B u d lget per fi ormance agamst actua I amounts or current year an d ti or cumu 1 at1ve. to-d ate Cment Year Cummulafa1e To Date Budget Actual 2013/2014 Perfonnance % Budget 2013/2014 Actual Perfonnance % 964,038, ,557, % 1,323,038, ,759, % Implementation Challenge Inclusion of Bus Rapid Transit fucilities in the design ofjkla- Rironi Highway requires design cost increases in excess of allowed variation thresholds Way forward Procurement of Design Review and Construction supervision consultant early enough for completion of detailed design for Bus Rapid Transit fucilities IV

11 Preliminary design of JKIA to Rironi has been completed and draft final design of Kisumu Northern Bypass has been completed. Procurement of contractors is awaiting detailed engineering design and bid documents while documents for Request for proposal (RFP) and expression of Interest (EOI) has been shared with world bank for No Objection. Training is on going 1.9 Summary of Project Compliance: There is no significant case of non-compliance with applicable laws and regulations and essential external financing agreements /covenants was reported during the year v

12 2. STATEMENT OF PROJECT MANAGEMENT RESPONSIBILITIES The Director General, KeNHA and the Project Implementation Team Leader for National Urban Transport Improvement Project are responsible for the preparation and presentation of the Project's financial statements, which give a true and fair view of the state of affairs of the Project for and as at the end of the financial year ended on June 30, This responsibility includes: (i) maintaining adequate financial management arrangement and ensuring that these continue to be effective throughout the reporting period; (ii) maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Project; (iii) designing, implementing and maintaining internal controls relevant to the preparation and fair presentation of the financial statement, and ensuring that they are free from material misstatements, whether due to error or fraud; (iv) safeguarding the assets of the Project; (v) selecting and applying appropriate accounting policies; and (vi) making accounting estimates that are reasonable in the circumstances. The Director General, KeNHA and the Project Implementation Team Leader for National Urban Transport Improvement Project accept responsibility for the Project's financial statements, which have been prepared on the Cash Basis Method of Financial Reporting, using appropriate accounting policies in accordance with International Public Sector Accounting Standards. The Director General,KeNHA and the Project Implementation Team Leader for National Urban Transport improvement Project are of the opinion that the Project's financial statements give a true and fair view of the state of Project's transactions during the financial year/period ended June 30, 2014, and of the Project's financial position as at that date. The Director General, KeNHA and the Project Implementation Team Leader for National Urban Transport Project further confirm the completeness of the accounting records maintained for the Project, which have been relied upon in the preparation of the Project financial statements as well as the adequacy of the systems of internal financial control. The Director General,KeNHA and the Project Implementation Team Leader for National Urban Transport improvement Project confirm that the Project has complied fully with applicable Government Regulations and the terms of external financing covenants, and that Project funds received during the financial year/period under audit were used for the eligible purposes for which they were intended and were properly accounted for. Approval of the Project financial statements The Project financial statements were approved by the Director General, KeNHA and the Project Implqnen4t!zy; Team Leader for National Urban Transport Improvement Project on ~1" ~tw' 2014 and signed by them. i{~_~ Eng Linus K Tonui Ag. Director General, KeNHA Eng D. A Muchilwa Ag. General Manager (SP) vi

13 3. REPORT OF THE INDEPENDENT AUDITORS ON THE NATIONAL URBAN TRANSPORT PROJECT REPORT ON FINANCIAL STATEMENTS We have audited the accompanying financial statements of the National Urban Transport Improvement Project, set out on pages I to 9 which comprise the statement of receipts and payments for the financial year/period ended June 30, 2014, and a summary of significant accounting policies and other explanatory notes. Responsibility for the Financial Statements The Director General,KeNHA and the Project Implementation Team Leader for National Urban Transport Improvement Project are responsible for the preparation and fair presentation of these financial statements in accordance with International Public Sector Accounting Standards (IPSAS). This responsibility includes designing, implementing and maintaining internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances. Auditor's Responsibility Our responsibility is to express an independent opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depended on our professional judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we considered the internal controls relevant to the company's preparation and fair presentation of the financial statements in order to design audit procedures that were appropriate in the circumstances, but not for the purpose of expressing an opinion on the company's internal controls. An audit also includes evaluating the appropriateness of accounting polices used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion the accompanying financial statements give a true and fair view of the state of financial affairs of the National Urban Transport Improvement Project for the financial year ended June 30, 2014 in accordance with International Public Sector Accounting Standards (IPSAS). VII

14 REPORT ON PROJECT PERFORMANCE AND VALUE FOR MONEY ACHIEVEMENT Based on our audit, we report that nothing came to our attention to indicate substantial nonachievement of value for money objectives. However, we identified a few minor cases of nonachievement of value for money objectives, which have been included in our separate Management Letter to the Director General,KeNHA and the Project Implementation Team Leader for National Urban Transport Improvement Project. REPORT ON COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS Based on our audit, we report that nothing came to our attention to indicate substantial noncompliance with applicable laws and regulations, as well as essential external financing covenants. However, we identified a few minor cases of non-compliance, which have been included in our separate Management Letter to the Director General,KeNHA and the Project Implementation Team Leader for National Urban Transport Improvement Project. REPORT ON CONTRACTS WITH DEBARRED FIRMS Based on our audit, we report that nothing came to our attention to indicate that debarred finns, both by the government and external financiers, were awarded any contracts under the Project during the financial year under review. Auditor General, KENYA Date viii

15 KENYA NATIONAL URBAN TRANSPORT PROJECT Statement of Budget Performance For ended June STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 30TH JUNE 2014 RECEIPTS Note Cummulative to date Kshs Kshs Kshs Transfer from Government entities ,557, ,202, ,759, Total receipts 112,557, ,202, , 759, PAYMENTS Purchase of goods and services 8.3 9, 723,239. IO 2,162, ,885, Acquisition of non-financial assets ,016, ,040, ,057, Other grants and transfers and payments , TOTAL PAYMENTS 121,761, ,203, ,965, SURPLUS/DEFICIT FOR 1HE YEAR (9,204,745.10) 20, 794, The accounting policies and explanatory notes to these financial statements are an integral part of the financial statements. iifh~ Eng Linus K Tonui Ag. Director General,KeNHA ~" 11-. ~~ ~'f Date ~:l~ Eng D.A Muchilwa Ag. General Manager (SP) 1!:#.r~"

16 5. STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 30TH JUNE 2014 FINANCIAL ASSETS Note 2014 Kshs 2013 Kshs Cash and Cash Equivalents Bank Balances TOTAL FINANCIAL ASSETS ,794, , 794, REPRESENTE BY: Cash and cash equivalents b/twd Sw-plus/Deficit fur the year 8.6A (9,204, ) NET FINANCIAL POSITION 20,794, , The accounting policies and explanatory notes to these financial stateme!' "integral part of the financial statements. The financial statements were approved on ~ and 'Jtfk~- Eng Linus K Tonui Ag. Director General,KeNHA Eng D. A Muchilwa Ag. General Manager (SP) ~ je.11~ A3-N Date 2

17 ~---~ ~ 6 STATEMENT OF CASHFLOW FOR THE PERIOD 30TH JUNE 2014 Receipts for operating income Transfer from Government entities Payments fur operating expenses Ptrrchase of goods and services Other payments Net cash flow from operating activities ,557, (9,723,239.10) (21,705.00) ,203, (2,162,472.00) (750.00) 13 CASHFLOW FROM INVESTNG ACTIV!TlES Acquisition of Assets Net cash flows from Investing Activities (112,016,987.70) (50,041,077.13) CASHFLOW FROM BORROWI:-!G ACTIVITIES Proceeds from Foreign Borrowings Net cash flow from financing activities NET INCREASE IN CASH AND CASH EQUIVALENT Cash and cash equivalent at BEGINNING of the year Cash and cash equivalent at END ofthe year (9,204,745.10) 20,794, The accounting policies and explanatory notes to these financial statements forqi_ an in gral part of the financial statements. The entity financial statements were approved on _,_Jl.J_~_.:.'1'-_-"'-_.,. 20 l 4 and sig~j naa~ tftt{ vvr"- Eng Linus K Tonui Ag. Director General,KeNHA ~:l::i Eng D.A Muchilwa Ag. General Manager(SP)

18 For thefinancialyea_r ended June 30, STATEMENT OF COMPARATIVE BUDGET AND ACTUAL AMOUNTS Actual on Receipts/Payments Item Original Budget Adjustments Final Budget Comparable Variance Basis %of Variance Receipts a b c=a+b d e=d-c F=c/co/o Transfer from Government entities 60,000,000 I 04,038, , , ,480, % Proceeds from borrowing; 1,500,000,000 (700,000,000) 800,000, ,000, o/i Total Reeeiots l, ,000 (595,961,995) 964,038, ,557, ,480, % Payments Purchase of goods and services 9,723,239-9,723,239 9,723,239 - O.OO'V< Acquisition of non- financial assets 1,550,276,761 (595,961,995) 954,314, ,016, ,480, % Miscenellous Charges 21,705 Total Payments 1,560,000,000 {595,96 L995) 964,038, ,761, ,480, % Note: The significant budget utilisation/performance differences in the last column are explained in Annex 1 to these financial statements. 4

19 8. NOTES TO THE FINANCIAL STATEMENTS The principal accounting policies adopted in the preparation of these financial statements are set out below: 8.1 Statement of compliance and basis of preparation The financial statements have been prepared in accordance with and comply with International Public Sector Accounting Standards (IPSAS) with particular emphasis on Cash Basis Financial Reporting under the Cash Basis of Accounting. The financial statements comply with and conform to the form of presentation prescribed by the Accounting Standards Board of Kenya. The financial statements are presented in Kenya Shillings, which is the functional and reporting currency of the Project and all values are rounded to the nearest one Shilling. The accounting policies adopted have been consistently applied to all of the years presented. The financial statements have been prepared on the cash basis following the Government's standard chart of accounts. The cash basis of accounting recognises transactions and events only when cash is received or paid out by the Project. 1. Recognition of revenue and expenses The Project recognises all revenues from the various sources when the event occurs and the related cash has actually been received by the Project. In addition, the Project recognises all expenses when the event occurs and the related cash has actually been paid out by the Project. 11. In-kind donations In-kind donations are contributions made to the Project in the form of actual goods and/or services rather than in money or cash terms. These donations may include vehicles, equipment or personnel services. Where the financial value of in-kind donations can be reliably determined, the Project includes such value in the statement of receipts and payments both as revenue and as an expense in equal and opposite amounts; otherwise, the donation is not recorded. iii. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and cash at bank, short-term deposits on call and highly liquid investments with an original maturity of three months or less, which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value. Bank account balances include amounts held at the Central Bank of Kenya and at various commercial banks at the end of the financial year. For the purposes of these financial statements, cash and cash equivalents also include short term cash imprests and advances to 5

20 authorised public officers and/or institutions which had not been surrendered or accounted for at the end of the financial year SIGNIFICANT ACCOUNTING POLICIES (Continued) 1v. Pending bills Pending bills consist of unpaid liabilities at the end of the financial year/period arising from contracted goods or services during the year/period or in past years/periods. As pending bills do not involve the payment of cash in the reporting period, they are simply disclosed as an Annex to the financial statements. When the pending bills are finally settled, such payments are included in the statement of receipts and payments in the year in which the payments are made. v. Budget The budget is developed on the same accounting basis (cash basis), the same accounts classification basis, and for the same period as the financial statements. The Project's budget was approved as required by Law and National Treasury Regulations, as well as by the participating development partners, as detailed in the Government of Kenya Budget Printed Estimates for the year. A high-level assessment of the Project's actual performance against the comparable budget for the financial year/period under review has been included in an annex to these financial statements. v1. Exchange rate differences The accounting records are maintained in the functional currency of the primary economic environment in which the Project operates, Kenya Shillings. Transactions in foreign currencies during the year/period are converted into the functional currency using the exchange rates prevailing at the dates of the transactions. Any foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statements of receipts and payments. v11. Comparative figures Where necessary comparative figures for the previous financial year/period have been amended or reconfigured to conform to the required changes in financial statement presentation. v111. Subsequent events There have been no events subsequent to the financial year/period end with a significant impact on the financial statements for the year ended June 30,

21 RECEIPTS FROM GOVERNMENT OF KENYA These represent counterpart funding and other receipts from government as follows: Kshs 2013/14 Kshs 2012/13 Cumulative to-date CoW1terpa1t funding through Ministry oftransport and Infrastructure CoW1terpait funds Quarter , Counterpart funds Quarter 2 340, Counterpart funds Quarter CoW1terpmt fw1ds Quarter 4 56,486, ,000, , ,041, , , Appropriations- in-aid 112,557, ,202, ,759, PURCHASE OF GOODS AND SERVICES Domestic travel and subsistence 2013/14 Kshs 9,723, /13 Cummulative Kshs 2,162, ,885, I l ACQUISITION OF NON-FINANCIAL ASSETS Research, studies, project preparation, design & supervision 112,016, ,040, ,057,

22 For the Jlnancial year ended June 30, OTHER GRANTS AND TRANSFERS AND PAYMENT 2013/14 Kshs 2012/13 Kshs Cumulative to-date Bank Charges Total 21 21, , CASH AND CASH EQUIVALENTS C/FWD 2013/ /13 Ksbs Ksbs Bank accounts (Note 8.6A) 20, 794, , 794, A BANK ACCOUNTS Local Currency Accounts Opening Balance Deficit/Surplus (9,204,745.11) Kenya Commercial Bank [A/c No ] 20, 794, ~- 8.7 PENDING BILLS (Annex 2A) 2013/ /13 Ksbs Ksbs Supply of services 44,758, ,016, , 758, ,016,

23 ANNEX 1 - VARIANCE EXPLANATIONS - COMPARATIVE BUDGET AND ACTUAL AMOUNTS %of Final Budget Actual on Comparable Budget Utilisation Utilisation Comments on Basis Variance Variance to Variance Final Buooet a b c=a-b d=c/a% RECEIPTS DURING THE YEAR/PERIOD Government of Kenva 164,038, ,557, ,480, l.38o/. Process of procuring fa.'temal fmancing 800,000, ,000, % contractors is in oroeress Miscellaneous receipts - (21,705.00) 21, Total receipts 964,038, ,535, ,502, PAYMENTS DURING THE YEAR/PERIOD Acquisition of nonfinancial assets & Goods and Services Process of procuring 964,038, ,258, , 779, o/. contractors is in progress Total payments 964,038, ,258, ,779, % ANNEX 2A - ANALYSIS OF PENDING BILLS Supplier of Goods or Services I Supply of services Amount Date Outstanding Outstanding Original Amount Paid To- Contracted Balance Balance Date a b c d=a-c Comments JKOOO 2, 795, /FI Gibb Africa Consulting - 03-Jun-!3 2, 795, IJKOOO 563, /FI Gibb A fiica Consulting 03-Jun , JKOOO 18,350, i491/f3 Gibb Africa Consulting 23-Feb-13 18,350, I 3 Gibb Africa Consulting 3, 700, Feb , _, Sheladia Associates Inc 2,870, Jan-14-2, Abdul Mullick Associates 7,061, Sep-13-7,061, Abdul Mullick Associates 9,415, Jan-14-9, Total 44,758, ,