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Psa Q & A

PSA

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9 views5 pages

Psa Q & A

PSA

Uploaded by

q9dpc6fyd2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ACHIEVERS’ SOLUTION TO PSA QUESTION ONE DOCUMENT

TIMAACHAAB DISTICT ASSEMBLY

Statement of Financial Performance for the Year ended 31st December, 2022

Note GHc'million
REVENUE
Decentralized Transfers 1 32,527
Internally Generated Funds 2 54,203
Donations and Grants 3 21,945
Total Revenue 108,675

EXPENDITURE
Compensation for employees 4 28,636
Use of Goods and Services 6 20,366
Consumption of Fixed Assets 7 15,650
Social Benefits 8 233
Donations & Grants 590
Other Expenses 5,450
Total Expenditure 70,925
Surplus 37,750

Statement of Financial Position as at 31st December, 2022

Note GHc'million GHc'million


ASSETS
Current Assets
Inventory 5 2,500
Loans & Advances 9,561
Receivables 2 2,250
Rent Prepaid 6 450
15% Fixed Deposits 4,550
Cash and Bank 7,564
26,875
Non Current Assets
PPE 7 45,850
Total Assets 72,725

LIABILITIES AND
FUNDS
Donor Support 3 810
Payables 9 18,145
Contract retention 5,520 24,475

Accumulated Fund 48,250


Total Liabilities & Funds 72,725

Statement of Changes in Net Assest for the Year ended 31st December, 2022
Accumulated Fund Surplus Total
GHc' million GHc' million GHc'million
Bal b/d 10,500 - 10,500
Surplus - 37,750 37,750
Total 10,500 37,750 48,250

Notes To Accounts
GHc'million
1. Decentralized Transfers
Income Taxes (Ceded) 2,436
Salary Subvention 13,248
Share of DACF 12,500
Share of Stool land Rev. 2,980
DACF - Assembly 705
Stool Land Revenue 658
32,527
2. Internally Generated Funds
Rates
Basic Rates 12,437
Property rates 14,338
Basic rates Receivable (75% * 3000) 2,250 29,025

Licences
Hawkers License 245
Pet License 150
Chop Bar Restaurants Licenses 135
Hawkers License 250
Herbalist License 520 1,300

Fees and Charges


Slaughter Houses fees 473
Lorry park fees 9,234
Market tolls 9,763
Other Royalties 112
Royalties from sand wining 355
Lorry park fines 146
Spot fine 120 20203

Rent Income
Rent from market store 3,220

Investment income
Interest on Fixed deposit 455
54,203
3. Donations & Grants
Donor Partner suppot 16,200
Other donor support transfers 55
Zoomlion donation 6,000
NGO support 500

Less Donations Unearned (5%*16,200) '(810)


21,945
4. Compensation for employees
Staff Training allownace 750
Duty Allowance 340
Bicycle Maintenace Allowance 28
Car Maintenance Allowance 83
Allowances to staff 3,321
Fuel Allowance 120
Salaried Positions 15,300
Assembly Members Allowance 4,444
Workman Compensation 85
Staff Welfare Expenses 165
Salaries Accrued 4,000
28,636
5. Inventory
Office Consumables 2,352
Fertilizer for sale 2,360
Waste bins 6,000
10,712
Less Closing Inventory
Office Consumables 500
Fertilizer for sale 500
Waste bins 1,500 2,500
8,212
6. Goods and Services
Inventory (W5) 8,212
Training & Conferences 2,151
NHIS 75
Other Charges 45
Utilities 3,128
Refund of Medical expenses 53
Administration Expenses 2,349
Printed material & Stationery 105
Other facilities, supplies & accessories 195
Refreshment items 23
Training & Workshop expenses 819
Medical Supplies 115
Refund for Medical expenses 95
Electricity Charges 234
Water 93
Telecommunication 63
Postal Charges 37
sanitation charges 27
Cleaning materials 49
Refuse lifting expenses 48
Goods and Services Accrued 2,500
Electricity Owings 400

Less Rent Prepaid (18/24*600) '(450)


20,366
7. Fixed Assets Schedule
Furn, Fix & Land & Con. Market
Fittings Buildings Infr. Total
Cost GHc' million GHc' million GHc' million GHc'millio
Bal b/d 18,000 30,000 24,000 72,000
Additions - - 500 500
18,000 30,000 24,500 72,500
Depreciation
Bal b/d 8,000 3,000 - 11,000
Charge for the
year 4,500 6,250 4,900 15,650
12,500 9,250 4,900 26,650
NBV 5,500 20,750 19,600 45,850

8. Social Benefits
Tuition fees for needy students 54
Schorlarship Awards 67
Schorlarship & Bursaries 112
233
9. Payables
Bal b/d 11,245
Salaries Accrued 4,000
Goods and Sevices payables 2,500
Electricity accrued 400
18,145

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