Post on 15-Mar-2023
AUDITED BORNO STATE LOCAL GOVERNMENTS CONSOLIDATED FINANCIAL STATEMENTS
31ST DECEMBER, 2018.
BORNO STATE OF NIGERIA
FOR THE YEAR ENDED FOR THE YEAR ENDED
HON. SUGUN MAI MELE Honourable Commissioner, Ministry for Local Government
and Emirates Affairs, Borno State
ABUBAKAR A MUSTAFA
ABADAM LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MOHAMMED UMAR FATIBE
BAMA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
ADAMU ABARE
BAYO LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
HAJIA LARAI MAI UMAR
BIU LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
KACHALLAH USMAN
CHIBOK LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MODU MUSTAFA TOKKOBE
DAMBOA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
SANUSI BELLO CHUL
ASKIRA UBA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
UMARA BUKAR
DIKWA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
BABAGANA MMODU
GUBIO LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
USMAN LAWAN
GUZAMALA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
SECRETARY
BORNO STATE
GWOZA LOCAL GOVERNMENT COUNCIL
ABDULKARIM L. WAKAWA
HAWUL LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
ALLAMIN SHERIFF
JERE LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
LAWAN BUKAR WASARAM
KAGA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
ABUBAKAR KOLO
KALA BALGE LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MAI BUKAR ALHAJI
KONDUGA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MAAJI BULTU
KUKAWA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MOHAMMED ABUBAKAR YIMIR
KWAYA KUSAR LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MOHAMMED LAWAN SHERIFF
MAFA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
ALI LAWAN KYARI
MAGUMERI LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
ZANNA SHETTIMA
MAIDUGURI METROPOLITAN COUNCIL SECRETARY
BORNO STATE
MUSTAFA YATCHAMI
MARTE LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
MAMMAN MALLAM AJI
MOBBAR LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
GONI MUSA
MONGUNO LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
HAJJA HAUWA MUSTAFA
NGALA LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
ALHAJI ABATCHA
NGANZAI LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
FANNA KUMATU MEDUGU
SHANI LOCAL GOVERNMENT COUNCIL SECRETARY
BORNO STATE
BUKAR ALHAJI GADI
ABADAM LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATEBAMA LOCAL GOVERNMENT COUNCIL
ABDULLAHI JIBRIL
BAYO LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
MOHAMMED IBRAHIM
BIU LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATECHIBOK LOCAL GOVERNMENT COUNCIL
TREASURER
BORNO STATEDAMBOA LOCAL GOVERNMENT COUNCIL
ABU IBRAHIM NGULDE
ASKIRA UBA LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
BABAGANA GIMBA
DIKWA LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATE
GUBIO LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
GUZAMALA LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
GWOZA LOCAL GOVERNMENT COUNCIL
NUHU ABDULLAHI
HAWUL LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
BURA SAMBO
JERE LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATE
KAGA LOCAL GOVERNMENT COUNCIL
TREASURER
BORNO STATE
KALA BALGE LOCAL GOVERNMENT COUNCIL
LAWAN FUGU ABBA
KONDUGA LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
SHETTIMA HARUNA
KUKAWA LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
AHMED LAWAN
KWAYA KUSAR LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATE
MAFA LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
MAGUMERI LOCAL GOVERNMENT COUNCIL
BUKAR WAZIRI
MAIDUGURI METROPOLITAN COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATE
MARTE LOCAL GOVERNMENT COUNCIL
BABAGANA YIRIMA
MOBBAR LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
MALLAM SALISU
MONGUNO LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TREASURER
BORNO STATE
NGALA LOCAL GOVERNMENT COUNCIL
YAGANA FANTAMI
NGANZAI LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
DANJUMA GARBA
SHANI LOCAL GOVERNMENT COUNCIL TREASURER
BORNO STATE
TABLE OF CONTENTS PAGES
Statement of Responsibilities i
Audit Certificate ii
Performance Evaluation iii
Audit Queries viii
Statement of Significant Accounting Policies xiii
Statement No 1 1
Statement No 2 3
Statement No 3 4
Statement No 4 6
Notes to the Accounts 7
Schedule to the Accounts 16
i
STATEMENT OF RESPONSIBILITY
The financial statements of the 27 Local Government Councils of Borno State have been prepared by the Treasurers of
the respective Councils in accordance with the Nigerian Format of Cash Basis of International Public Sector Accounting
Standards. The statements conform with the provisions of the Finance (Control and Management) Act 1958 (as
Amended). The Director of Finance and Accounts, Ministry for Local Governments and Emirate Affairs, Borno State has
Consolidated these financial statements in accordance with Generally Accepted Accounting Principles.
The Treasurers of the 27 Local Government Councils are each responsible for the preparation of their respective
Financial Statements in compliance with relevant Accounting Standards and Laws. I ensure and take responsibility for
the integrity and reliability of the consolidated financial statements.
I confirm that the consolidated financial statements of the 27 Local Government Councils of Borno State reflect the
financial positions and operations of the Local Government Councils of Borno State as at 3l December, 2018.
Director of Finance & Accounts, Hon. Commissioner,
Ministry for Local Governments & Ministry for Local Governments &
Emirate Affairs. Emirate Affairs.
AUDIT CERTIFICATE
In compliance with section 125 of the Constitution of the Federal Republic of Nigeria 1999 (as Amended), I have
examined the consolidated Financial Statements of Borno State Local Government Councils for the year ended
31st December, 2018. The Consolidated Financial Statements reflect the Accounts and Financial Statements of
the 27 Local Government Councils of Borno State for the year ended 3Vt December, 2018. Basis of Opinion
The audit was conducted in accordance with the requirements of the public Sector Auditing Standards and the
provisions of the Audit Law of Borno State 1994.
That proper records have been maintained by the respective Local Government Councils and they comply with the
provisions of the Borno State Local Government Law 2000 (as Amended). I have obtained all information and
explanation necessary for the discharge of my responsibility.
I certify that the Consolidated Financial Statements together with the notes are in order and that they present a true
and fair view of the State of Affairs of the 27 Local Government Councils of Borno State as 31st December, 2018.
BABAGANA LAMINU, B.SC, MBA, CPA, FCNA
ACTING; AUDITOR-GENERAL
LOCAL GOVERNMENTS
BORNO STATE.
ii
STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
1. Financial Accounting and Reporting Framework: The Financial reporting framework of the 27 Local Government Councils is anchored on the Cash Basis of International Public Sector Accounting Standards (IPSAS). The standards integrate budget performance reporting to the financial statements. The accounting principles governing financial reporting are in accordance with the National Chart of Accounts and detailed accounting procedures in the Government Financial Regulations.The Financial Statements have been prepared on the basis of the Nigerian Format of the General-Purpose Financial Statements (GPFS) governed by the International Public Sector Accounting Standards (IPSAS). The Financial Statements presented are: i. Statement No 1: Statement of Cash Flowii. Statement No 2: Statement of Assets and Liabilities iii. Statement No3: Statement of Consolidated Revenue Fund (CRF)iv. Statement No 4: Statement of Capital Development Fund (CDF)2. Accounting Convention and Basis of Preparation: The Financial Statements have been prepared in line with the Nigerian Format of IPSAS- Cash Basis. The cash basis of accounting recognizes transactions and events only when cash is received or paid by the entity. 3. Depreciation: Non-Current Assets were written off in the year of purchase in accordance with the cash basis of accounting. 4. Investments: Investments are stated at lower of cost and market value. Incomes from investments are recognized when cash is received into the Consolidated Revenue Fund. 5. Employee Benefits: This represents funded retirement benefits payable by the Local government. The liabilities for retirement benefits would not be recognised in the financial statements, in accordance with the Cash Basis of Accounting. 6. Budget and Reporting Period: The budget and reporting period of these Financial Statements 01/01/2018 to 31/12/2018 i.e. 2018 Fiscal Year.7. Reporting Currency: The reporting currency of the Financial Statements is the Nigerian Naira. Transactions in foreign currencies are converted to Naira at the rate prevailing at the time of transaction. Balances in foreign currencies are translated at the exchange rate ruling at the date of the Statements of Assets and Liabilities. 8. Revenue Recognition: Revenue is recognized only when cash is received. It is recognized on gross basis and any related costs are recorded separately. 9. Recognition of Expenditure: Expenditure is recognized when cash is paid. 10. Statement of Compliance: The Financial Statements comply with the Nigerian Format of General-Purpose Financial Statement.
xiii