Ekiti State 2017 Accountant General's Report Statement 1

1. EKITI STATE OF NIGERIA
STATEMENT NO. 1
CASH FLOW STATEMENT FOR THE MID - YEAR ENDED 30TH JUNE, 2017
HALF ANNUAL NOTES CURRENT YEAR PRIOR YEAR
BUDGET JAN - JUN JAN - JUN
2017 2017 2016
N Cash Flows from Operating Activities N N
Receipts
15,500,000,000.00 * Statutory Allocation (FAAC) 1A 9,151,168,271.75 8,795,146,667.79
9,718,200,000.00 * Other Statutory Receipts (FAAC) 1C 2,882,821,237.80 301,766,717.37
750,000,000.00 * Excess Crude Oil Proceeds 1D - -
5,000,000,000.00 * Value Added Tax (VAT) 1E 4,347,056,426.93 3,658,923,031.40
Indepence Revenue (IGR):
2,238,536,357.89 * Tax Revenue 2 2,069,660,504.61 939,414,424.92
6,569,742,845.09 * Non Tax Revenue 2 3,742,356,871.08 2,058,907,963.02
500,000,000.00 * Sundry Receipts/Refunds 170,288,394.55 107,931.18
40,276,479,202.98 TotalReceipts 22,363,351,706.72 15,754,266,735.68
Payments
8,275,714,791.92 * Personal Emoluments 4 6,963,339,548.37 4,182,613,460.97
- * Contribution to Pensions 5 - -
1,293,500,079.40 * Overhead Costs 6 905,647,177.48 585,051,296.01
6,517,702,767.44 * CRFC (Exp. of Gen. Nature) 7A 2,233,284,656.27 1,697,737,787.44

2. 325,000,000.00 * Public Debts Charges 7C 37,550,000.00 58,721,270.00
2,000,000,000.00 * Pension and Gratuities 7B 1,693,578,776.56 756,919,812.45
4,482,844,599.51 * Subvention / Grants to Parastatals & Tertiary Inst. 8 6,633,046,781.49 2,908,350,772.10
4,619,683,386.14 * Transfer to Other Fund (Recurrent) 9 2,069,347,641.11 1,546,888,360.75
27,514,445,624.40 TotalPayments 20,535,794,581.28 11,736,282,759.72
Net Cash Flow from Operating Activities 1,827,557,125.44 4,017,983,975.96
Cash Flow from Investing Activities
(2,235,078,549.41) Capital Expenditure: Administrative Sector 11 (699,569,041.33) (90,614,975.20)
(13,368,370,349.10) Capital Expenditure: Economic Sector 11 (5,071,593,192.43) (4,555,351,147.71)
(272,924,696.73) Capital Expenditure: Law and Justice Sector 11 - -
- Capital Expenditure: Regional Sector 11 (108,022,872.97) -
(3,837,380,352.07) Capital Expenditure: Social Service Sector 11 (589,744,117.35) (397,746,928.70)
Transfer to Other Fund (Capital) (76,245,000.00)
(19,713,753,947.30) Net Cash Flow from InvestmentActivites (6,468,929,224.08) (5,119,958,051.61)
Cash Flow from Financing Activities
4,195,994,542.64 Foreign Loan (Draw Down) 10 3,278,592,576.49 189,237,799.51
500,000,000.00 EcologicalFund - -
2,777,500,000.00 Local Loan:FGN Bonds 17 - -

3. Bail Out 18 - -
Bond 19 - -
Bank 20 -
Budget SupportFund 21 5,555,000,000.00 10,600,000,000.00
Repayment of Foreign Loan 16 (604,133,377.95) (176,764,358.49)
Repayment of Loan FGN Bond 17 (112,229,048.61) (65,355,560.47)
Repayment of Loan Bail out 18 (98,862,313.70) (75,660,651.95)
Repayment of Loans Bond 19 (2,997,928,848.06) (2,997,928,846.67)
Repayment of Loans Bank 20 (102,757,483.88) (512,717,229.28)
12,269,489,085.28 Net Cash Flow from Financing Activities 4,917,681,504.29 6,960,811,152.65
Net Increase/(Decrease)in Cash & Its Equivalent 276,309,405.65 5,858,837,077.00
6,000,000,000.00 Cash & Its equivalent as at 1st Jan. 13,578,026,761.94 6,918,930,420.27
Cash & Its equivalent as at 30th June, 2017 13,854,336,167.59 12,777,767,497.27