Sabah’s accounting records praised for being up-to-date and maintained in an organised manner.
KOTA KINABALU: Sabah’s 2016 financial management received a good rating in the second series of the Auditor-General’s report released today.
The state government’s consolidated fund recorded an increase of RM276.74 million to a total of RM2.41 billion, constituting a 13% rise from the RM2.14 billion recorded in 2015.
Meanwhile, Sabah’s expenditure in 2016 amounted to RM992.50 million, or 77.5% of the allocations approved by the state government.
The report also said Sabah’s accounting records were up-to-date and maintained in an organised manner.
Investments in the form of fixed savings and deposits totalled RM2 billion, it further said, while investments in public corporations and statutory bodies at the end of 2016 amounted to RM6.53 billion.
“Both investments gave returns in the form of interest and dividends totalling RM99.89 million and RM286.23 million respectively,” the report said.
The report also gave a good rating to the state’s performance in implementing projects under the 11th Malaysia Plan (2016-2020).
“Under the plan, 5,547 projects worth RM1.28 billion were approved by the state government to be implemented by 11 ministries and departments,” it said.
A total of 5,001 (90.2%) projects were completed, 335 projects (6%) are being carried out, while 211 (3.8%) have not started, it added.
The report said as of June 30, the auditor-general’s office had received financial statements from 16 state statutory bodies and 24 local authorities.
“Only four state statutory bodies have not submitted their 2016 financial statements for auditing,” it said.
For 2015, all 44 financial statements from state statutory bodies and local authorities were given audit reports without reprimand while two agencies received theirs with reprimand, it added.
The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.
lagi info di : Gosip Artis Terkini