Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698924757000.pdf (Trinidad and Tobago)
REPORT OF THE AUDITOR GENERAL OF THE REPUBLIC OF TRINIDAD AND TOBAGO ON THE FINANCIAL STATEMENTS OF THE SANGRE GRANDE REGIONAL CORPORATION FOR THE YEAR ENDED SEPTEMBER 30, 2011 Section 116 of the Constitution of the Republic of Trinidad and Tobago and section 113 (2) of the Municipal Corporations Act, Chapter 25:04 requires the Auditor General to audit the accounts of the Sangre Grande Regional Corporation.
The accompanying Financial Statements comprise a Statement of Position as at September 30, 2011, a Statement of Revenue, a Statement of Changes in Fund Balance, Statement of Expenditure By Item, Details of Expenditure, a Statement of Expenditure — Development Programme for the year ended September 30, 2011, Notes to the Financial Statements numbered 1 to 15 and supporting Schedules.
MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS The management of the Sangre Grande Regional Corporation is responsible for the 2. preparation and fair presentation of these financial statements in a form approved by the Minister of Finance 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.
AUDITOR'S RESPONSIBILITY The Auditor General's responsibility is to express an opinion on these financial statements 3. based on the audit.

The audit was conducted in accordance with auditing standards which require that ethical requirements be complied with and that the audit be planned and performed to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and 4. disclosures in the financial statements.

The procedures selected depend on the auditor's judgment, 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 entity's internal control.
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

It is my view that the audit evidence obtained is sufficient and appropriate to provide a 5. basis for my adverse audit opinion.

BASIS FOR ADVERSE OPINION Recurrent Uncommitted Fund Balance of $6,731,627.00 was overstated by an amount of 6.
$2,629,685.00 which resulted from overstatement of Government Subvention by $3,631,414.00 and an understatement of the opening balance by $1,001,729.00.

Development Programme Uncommitted Fund Balance of $12,342,368.00 was overstated 7. by an amount of $7,347,148.00 which arose from differences between the financial statement figures and the audited figures of the various elements used in its computation.
Government Subvention was overstated by $4,285,855.00, Actual Expenditure by $2,405,205.00 and the opening Fund Balance by $3,157,618.00.

This was offset by an understatement of $2,308,880.00 comprising Actual Expenditure of $2,164,250.00 and Commitments of $144,630.00 which were not disclosed in the financial statements.

Additions to Fixed Assets was understated by the omission of assets acquired under the 8.
Development Programme totalling $1,242,598.00 which impacted the closing balances pertaining to Fixed Assets and Capital Accumulated Fund of $2,325,301.00.

As disclosed at Note 4 (b) to the Financial Statements, the cash basis of accounting is 9. followed for expenditure.

However, this basis was not applied since Recurrent Expenditure of $57,577,483.00 and Development Programme Expenditure of $9,623,084.00 included Commitments totalling $1,230,463.00 and $583,972.00 respectively.

ADVERSE OPINION 10.
ADVERSE OPINION 10.

Because of the significance of the matters described in the Basis for Adverse Opinion paragraphs above, the Financial Statements do not present fairly the financial position of the Sangre Grande Regional Corporation as at September 30, 2011 and its financial performance for the year ended September 30, 2011 in accordance with the basis of accounting at Note 4 (b) to the Financial Statements.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS The approval of the Minister of Finance was not seen for the basis of accounting adopted 11. by the Corporation as required by section 113 (1) of the Municipal Corporations Act, Chapter 25:40 which states: "Every Corporation shall keep its accounts in a form, having regard to its annual estimates, approved by the Minister of Finance."

12.

Depreciation charge of $615,854.00 disclosed at Note 8 was not reflected in the Statement of Changes in Fund Balance.
The non-provision of depreciation is contrary to Ministry of Finance Circular No.

F 22/8/43 dated 23rd July, 1969.

4uditor General's Report SGRC 2011 Page 2 of.?

SUBMISSION OF REPORT This Report is being submitted to the Speaker of the House of Representatives, the 13.

 President of the Senate and the Minister of Finance in accordance with the requirements of sections 116 and 119 of the Constitution of the Republic of Trinidad and Tobago.
14TH JULY, 2017 PORT OF SPAIN MAJEED ALI AUDITOR GENERAL es ,9017.0 7 /4 Audit( r General's Report SGRC 3011 Page 3 op ~Opr, muniabanannannano gananamumananommaa ammaaaanaaa naammanammanaanagaimaana Fi Wall FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2011 CONTENTS 1.

Statement of Position 2.

Statement of Revenue PAGE NO.

1 3 4 - 6 7 — 13 14 — 18 19 — 22 23 24 25 3.

Statement of Changes in Fund Balance 4.

Statement of Expenditure by Item 5.


Statement of Revenue and Expenditure - Details 7.

Statement of Expenditure- Development Programme 8.

Notes to the Accounts 9.

Schedule s - Accounts Receivable - Accounts Receivable-Other (Third Parties) 10.

Summary of Deposits 11.
Schedule of Deposits - Severance Payable 26 - 27 - Undrawn Wages - Cash Performance - Tender Deposits 28 29 30 SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF POSITION AS AT SEPTEMBER 30, 2011 1 Note 2011 $ 2010 $ ASSETS Cash In Bank Accounts Receivable Prepaid Expenses Investment - Fixed Deposit Fixed Assets Total Assets LIABILITIES AND FUND BALANCE Liabilities Accounts Payable Severance Payable Undrawn Wages Refundable Deposits Chairman's Fund Total Capital Accumulated Fund Reserve For Prepayments Total Accumulated Fund Uncommited Fund Balance- Recurrent Uncommited Fund Balance- D.P Total Uncommited Fund Balancing Amount Total 15,248,785 18,900,329 24,605 96,016 800,000 2,325,301 18,494,707 24,605 86,736 800,000 2,787,927 22,599,597 1,230,463 300,831 1,800 2,200 (3,263) 1,532,031 2,325,301 96,016 2,421,317 6,731,627 12,342,368 19,073,995 (4,532,636) 16,962,676 1,931,957 432,337 15,050 2,200 (3,273) 2,378,271 2,787,927 86,736 2,874,663 4,930,572 10,628,093 15,558,665 1,787,998 20,221,326 Total Liabilities And Fund Balance 18,494,707 22,599,597 The attached notes form an integral part of these accounts Financial Officer Chief Executive Officer \ \- SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF REVENUE FOR THE YEAR ENDED SEPTEMBER 30, 2011 2 Sub Head ITEM SUB_ITEM DESCRIPTION ACTUAL 2011 $ ACTUAL 2010 $ GOVERNMENT SUBVENTION 59,009,375 54,976,840 0.4 OTHER INCOME 0.01 0.2 Rent Markets And Abattoirs Tender Deposit 0.02 0.1 0.2
 0.03 0.2 0.05 0.1 0.06 0.1 0.99 0.1 Fees Cemeteries Markets And Abattoirs Service Charges Waste Disposal Licence Market Licences Interest Bank Deposits Miscellaneous Construction Of Stages Total Other Income 59,741 0 59,741 1,590 2,301 3,891 51,984 15,500 67,484 2,760 46 2,806 96,295 79,350 2,410 6,075 205,326 801,900 1,500 0 369,163 957,615 TOTAL RECURRENT REVENUE 59,378,538 55,934,455 SUBVENTION DEVELOPMENT PROGRAMME 11,337,359 7,798,304 TOTAL REVENUE 70,715,897 63,732,759 I Financial Officer Chief
 Executive Officer SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED SEPTEMBER 30, 2011 3 RECURRENT GOODS AND SERVICES Source Of Funds Government Subvention Other Income Total Applied As Follows Personnel Expenditure Goods And Services Minor Equipment Purchases Current Transfers And Subsidies Other Contracted Services Total 1 Increase/(Decrease) In Recurrent Account (A-B) Balance Brought Forward Balance Carried Forward (C+D) DEVELOPMENT PROGRAMME Source Of Funds Government Subvention Applied As Follows Drainage And Irrigation Programme Development Of Recreation Facilities Dev Of Cemeteries And Cremation Facilities Construction Of Markets And Abattoirs Local Roads And Bridges Programme Local Government Building Programme Rural Electrification Programme (USB) Laying Of Water Mains Computerization Programme Canine Control Programme Municipal Police Equipment Procurement Of Major Vehicles And Equipment Disaster Preparedness Total Increase/(Decrease) In Devel Programme (F-G) Balance Brought Forward Balance Carried Forward (H+I) 2011 $ 2010 $ 59,009,375 369,163 59,378,538 54,976,840 957,615 55,934,455 33,986,815 23,403,397 153,228 34,043 0 36,600,447 22,707,666 26,479 160,586 0 57,577,483 59,495,178 1,801,055 (3,560,723) 4,930,572 8,491,295 6,731,627 4,930,572 A B C D E F 11,337,359 7,798,304 2,087,002 749,054 87,643 96,007 4,547,985 168,881 0 0 408,965 0 464,495 722,325 290,727
 1,964,900 419,318 0 0 759,505 0 0 0 0 0 99,580 0 0 G H I J 9.623,084 3,243,303 1,714,275 4,555,001 10,628,093 6,073,092 12,342,368 10,628,093 TOTAL FUND BALANCE (E+J) 19,073,995 15,558,665 1111 WM NE NM 11111 NM MO MIN NIB NMI ON IMO NIS Ell r 1111 NIB SUB HEAD ITEM General Admin.
Cemetery & Crematoia Market & Abattoir M'tnce of Bldgs Grounds etc.

Local Health Authori M'tnce of State Traces Expenditure & Commit.
Original Allocation Suppl'mts & Transfers Revised Allocation Virement New Allocation Releases Received Revenue Collected SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF EXPENDITURE BY ITEM FOR THE YEAR ENDED SEPTEMBER 30, 2011 4 Total Revenue & Releases 01 Personnel Expenditure 02 Wages & COLA 110,400 306,192 1,755,358 9,241,653 15,585,895 26,999,498 27,516,000 27,516,000 (160,000) 27,356,000 27,049,086 27,049,086 05 Gov't Contribution to MS 2,833,391 2,833,391 2,600,000 629,000 3,229,000 (60,000) 3,169,000 3,156,230 3,156,230 13 Remuneration to Council Members 999,704 999,704 900,000 900,000 100,000 1,000,000 999,800 999,800 20 Gov't Contd.
to Group Health Ins.
169,637 169,637 190,000 190,000 190,000 190,000 190,000 29 Overtime 30 Allowances 32,876 194,492 145,400 372,768 640,000 640,000 (220,000) 420,000 405,480 405,480 34,429 157,651 947,134 1,472,603 2,611,817 3,860,000 3,860,000 (1,053,000) 2,807,000 2,685,578 2,685,578 TOTAL OF 01 - Personnel Ex ,enditure - 11E1 MI IIIII MB MB VIM MIN NM MN NM NM 111111 MI MN - - SUB HEAD ITEM 02 Goods & Services 01 Travelling 03 Uniforms 04 Electricity 05 Telephones 06 Water & Sewerage Rates 08 Rent/Lease - Office Accommodation 09 Rent/Lease - Vehicles & Equipment 10 Office Stationery & Supplies 11 Books & Periodicals 12 Materials & Supplies 13 Maintenance of Vehicles 15 Rep & M'tnce - Equipment 16 Contract Employment 17 'filming 19 Official Entertainment 21 Rep & M'tnce - Building 22 Short Term Employment 23 Fees 27 Official Overseas Travel 28 Other Contracted Services 37 Janitorial Services 42 Street Lighting 43 Security Services 46 Natural Disasters 57 Postage 58 Medical Expenses 61 Insurance 62 Promotions, Publicity & Printing 66 Hosting of Conferences & Seminars 68 Water Trucking 99 Employee Assistance Programme TOTAL Of 02 - Goods & Services General Admin.
143,921 168,420 520,448 39,442 634,700 187,936 583,019 9,642 63,486 22,835 78,785 27,259 534,681 86,071 184,808 80,457 1,811,103 177,509 2,000 382,667 106,754 281,064 250,847 Cemetery Market M'tnce of & Bldgs & Local Health Crematoia Abattoir Grounds etc.

Authority 4,717 48,360 42,430 124,747 3,090 53,623 26,520 5,066 740 3,635 213,456 40,250 STATEMENT OF EXPENDITURE BY ITEM - Cont'd ........._ - - -, - 5 M'tnce of State Traces Expenditure & Commit.
Original Allocation Suppl'mts & Transfers Revised Allocation Virement New Allocation Releases Received Total Revenue Revenue Collected & Releases (32,000) 88,000 88,000 74,248 51,745 168,641 11,694,530 348,660 12,522,632 12,040,000 1,400,000 13,440,000 (220,000) (20,000) 133,370 12,000 197,000 2,000 2,000 483,370 483,370 112,000
 106,830 347,000 288,701 250,847 1,000,000 1,000,000 (747,000) 253,000 253,000 6,000 6 99 71 - 195 090 - 231,885 - 799 680 - 13 220,021 2 57 450 6,000 23 403 397 20,000 21 098 000 - 2 478 709 20,000 23 576 709 (10,0001 1,426 947 10,000 25 003 656 10,000 24 328 827 850,000 71,840 108,000 28,200 10,000 185,000 1,004,000 88,000 - 12,996,000 100,000 - 1,841,105 178,000 2,000 - 483,370 106,830 288,701 253,000 10,000 24 328 827 1111 all NIS U--- 11E1 111111 NIB ON 1 NM MN MIS an US In SUB HEAD ITEM 03 Minor Equipment Purchases 01 Vehicles - Replacement 02 Office Equipment 03 Furniture & Furnishings 04 Other Minor Equipment TOTAL Of 03 - Minor Equip.
Purchase 04 Current Transfers & Subsidies 007 02 Households Gratuity Sub - total 009 01 Other Transfers Chairman's Fund Sub - total TOTAL Of 04 - Current Trans.

& Subs.

Income B/F August, 2011 Revenue & Interest for September, 2011 Sub - total STATEMENT OF EXPENDITURE BY ITEM - Cont'd FOR THE YEAR ENDED SEPTEMBER 30, 2011 General.

Admin.

Cemetery Market Crematoia Abattoir M'tnce of Bldgs Grounds etc.

Local Health Authori M'tnce of State Traces Expenditure Commit.
Original Allocation Suppl'mts Transfers Revised Allocation Virement New Allocation Releases Received Revenue Collected (33,947) 31,053 31,053 65,000 (33,947) 31,053 31,053 3,000 3,000 3,000 3,000 3,000 3,000 68,000 (33,947) 34,053 34,053 - - - 6 Total Revenue & Releases 57,948 49,933 52,440 160 21 31,053 31,053 3,000 3,000 34,053 344,487 24,676 344,487 24,676 369,163 369,163 TOTAL OF HEADS - 01- 04 10,699,674 535,711 231,885 2,745,565 23,603,300 19,761,348 57,577,483 57,037,000 3,107,709 60,144,709 60,144,709 59,009,375 369,163 59,378,538 11111 EN 111111 MB VIII 1111 NM NIB lag 11111 111111 11111 111111 11111 OM 11111 SANGRE GRANDE REGIONAL CORPORATION DETAILS OF EXPENDITURE For The Year Ended September 30, 2011 Original Allocation 2011 1 Suppl'mts Transfers 2 Revised Allocation 2011 3 (1+2) Virement New Allocation 2011 Releases Received Revenue Collected Total Revenue & Releases 4 Actual Expenditure To Previous Month 7 Current _ Month 8 9 (7+8) Actual Expenditure 7 Commit.
2011 10 Expenditure & Commit.

2011 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4-11) Description 01- PERSONNEL EXPENDITURE 001 General Administration 02 Wages & COLA 05 Gov't Contribution to N IS 13 Rem to Council Members 20 Gov't Contri.

To Group Health Ins.
29 Overtime 30 Allowances 235,000 0 235,000 (100,000) 135,000 120,200 2,600,000 629,000 3,229,000 (60,000) 3,169,000 3,156,230 900,000 190,000 15,000 100,000 0 0 0 0 900,000 100,000 1,000,000 999,800 190,000 0 190,000 190,000 15,000 (15,000) 100,000 (100,000) 0 0 0 0 Total Item 001 4,040,000 629,000 4,669,000 (175,000) 4,494,000 4,466,230 002 Cemeteries 02 Wages & COLA 29 Overtime 30 Allowances Total Item 002 003 Markets & Abattoir 02 Wages & COLA 29 Overtime 30 Allowances Total item 003 500,000 0 73,000 573,000 0 0 0 0 0 0 0 0 0 0 0 0 500,000 (193,800) 306,200 306,200 0 73,000 0 0 0 0 73,000 53,000 573,000 (193,800) Description 01- PERSONNEL EXPENDITURE - Cont'd 004 M'tnce of Building, Grounds Etc 02 Wages & COLA 29 Overtime 30 Allowances 11111 En 11111 En 11N1 11111 11111 11111 UN 1111 MN RIO UN DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2011 8 Original
 Allocation 2011 1 Suppl'mts & Transfers 2 Revised Allocation 2011 3 (1+2) Virement New Allocation 2011 Releases Received Revenue Collected 4 Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.
2011 9 (7+8) 10 Expenditure & Commit.
2011 11(9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4-11) 1,781,000 0 1,781,000 33,800 1,814,800 1,760,000 100,000 300,000 0 0 0 100,000 (40,000) 60,000 50,000 300,000 (100,000) 200,000 193,800 2,181,000 (106,200) 2,074,800 2,003,800 Total Item 004 2,181,000 005 Local Health Authority 02 Wages & COLA 29 Overtime 30 Allowances 10,000,000 0 10,000,000 (600,000) 9,400,000 9,276,786 250,000 1,387,000 0 0 250,000 (55,000) 195,000 194,960 1,387,000 (336,000) Total Item 005 11,637,000 0 11,637,000 (991,000) 10,646,000 10,427,524 0 10,427,524 9,591,993 791,286 10,383,279 006 M'tnce of State Traces Etc.
02 Wages & COLA 29 Overtime 30 Allowances 15,000,000 0 15,000,000 700,000 15,700,000 15,585,900 0 15,585,900 14,482,311 1,103,584 15,585,895 275,000 2,000,000 0 0 275,000 (110,000) 165,000 160,520 2,000,000 (517,000) 1,483,000 1,483,000 0 0 160,520 127,073 18,327 145,400 1,483,000 1,361,203 111,400 1,472,603 Total Item Total Personnel Expenditure 35,706,000 629,000 36,335,000 (1,393,000) 34,942,000 34,486,174 0 34,486,174 31,458,928 2,527,887 33,986,815 0 33,986,815 955,185 499,359 In - - - NM IIIIII all - - MINI - NIB MIS IIIIIIII IMO - - MB 111111 DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2011 9 Virement New Allocation 2011 Releases Received Revenue Collected Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.
2011 9 (7+8 10 Expenditure & Commit.
2011 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4.11) Description 02 - GOODS & SERVICES 001 General Administration 01 Travelling 03 Uniforms 04 Electricity 05 Telephones 06 Water & Sewerage Rates 08 Rent/Lease - Office Accommodation 09 Rent/Lease - Vehicles & Equipment 10 Office Stationery & Supplies 11 Books & Periodicals 12 Materials & Supplies 15 Rep & M'tnce - Equipment 16 Contract Employment 17 Traning 19 Official Entertainment 21 22 23 27 28 Other 37 43 Security Services 46 Natural Disasters 57 Postage 61 Insurance 62 Promotions, Publicity & Printing 66 Hosting of Conferences & Seminars 68 99 Employee Assistance Programme Rep & M'tnce - Building Short Term Employment Fees Official Overseas Travel Contracted Services Janitorial Services Water Trucking Original Allocation 2011 1 Suppi'mts & Transfers 2 Revised Allocation 2011 3 (1+2) 483,370
0 186,000 100,000 1,811,105 178,000 2,000 483,370 106,830 288,701 253,000 10,000 0 0 25,000 220,500 15,000 55,000 40,000 195,000 0 0 0 0 0 0 0 0 (32,000) 0 230,000 0 230,000 80,000 0 133,370 12,000 197,000 (747,000) (10,000) 22,840
(505) • Total Item 001 5,275,000 1,078,709 6,353,709 643,870 6,997,579 6,703,650 0 6,703,650 5,330,736 998,810 6,329,546 69,725 6,399,271 Inn Inn 111111 1111111 INN inn UN SIN 111111 1111 MN 1E1 1111 Eli 111111 111111 11111 In Description 02 GOODS &
 SERVICES - Cont'd 002 Cemeteries 03 Uniforms 06 Water & Sewerage Rates 12 Materials & Supplies 21 Rep & M'tnce - Building 28 Other Contracted Services Total Item 002 003 Markets & Abattoir 04 Electricity 05 Telephones 06 Water & Sewerage Rates 10 Office Stationery & Supplies 12 Materials & Supplies 15 Rep & M'tnce - Equipment 21 Rep & M'tnce - Building 28 Other Contracted Services 43 Security Services Total Item 003 004 M'tnce of Buildings, Grounds Etc.
04 Electricity 06 Water & Sewerage Rates 12 Materials & Supplies 21 Rep & M'tnce - Building 28 Other Contracted Services Total Item 004 DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2011 10 Original Allocation 2011 1 Suppl'mts & Transfers 2 Revised Allocation 2011 3 (1+2) Virement New Allocation 2011 Releases Received Revenue Collected 4 Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.

2011 9 (7+8) 10 Expenditure & Commit.
2011 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4-11) o 0 o 0 o 0 5,000 16,000 100,000 20,000 150,000 0 (10,000) 0 0 0 5,000 6,000 100,000 20,000 150,000 5,000 6,000 100,000 20,000 125,000 291,000 (10,000) 281,000 256,000 30,000 25,000 30,000 1,000 30,000 25,000 50,000 100,000 30,000 12,430 (25,000) 21,255
all INN 11111 IMO 11111 EN 11111 11111 NM MB EN DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2011 11 Original Allocation 2011 1 Suppl'mts & Transfers 2 Revised Allocation 2011 3 (1+2) Virement New Allocation 2011 Releases Received Revenue Collected Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.
2011 9 (7+8) 10 Expenditure & Commit.
2011 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4-11) Description 02 GOODS & SERVICES - Cont'd 005 Local Health Authority 03 Uniforms 04 Electricity 06 Water & Sewerage Rates 09 Rent/Lease - Vehicles & Equipment 10 Office Stationery & Supplies 12 Materials & Supplies 13 Maintenance of Vehicles 21 Rep & M'tnce - Building 22 Short Term Employment 28 Other Contracted Services 58 Medical Expenses 4 50,000 0 5,070 214,580 5,000 674,000 250,000 10,000 378,000 0 0 (4,930) 40,000 0 540,000 100,000 0 100,000 50,000 0 5,070 321,000 15,000 675,000 300,000 50,000 400,000 (500,000) 12,100,000 12,093,000 10,000 (10,000) 0 0 50,000 0 10,000 281,000 15,000 135,000 200,000 50,000 0 0 0 0 0 0 0 0 300,000 0 11,200,000 1,400,000 0 10,000 , , 377,550.
Total Item 005 12,251,000 1,400,000 13,651,000 265,070 13,916,070 13,679,650_ 0 13,679,650 10,112,539 2,429,711 12,542,250 677,771 13,220,021 696,049 459,629 006 M'tnce of State Traces Etc.
03 Uniforms 08 Rent/Lease - Office Accommodation 09 Rent/Lease - Vehicles & Equipment 12 Materials & Supplies 13 Maintenance of Vehicles 15 Rep & M'tnce - Equipment 21 Rep & M'tnce - Building 28 Other Contracted Services 42 Street Lighting 58 Medical Expenses 0 0 100,000 1,400,000 350,000 50,000 0 350,000 0 10,000 a 0 0 0 0 0 0 0 0 0 0 0 100,000 1,400,000 350,000 50,000 0 350,000 0 0 0 (50,000) 160,000 250,000 0 0 0 0 10,000 (10,000) 0 0 0 0 50,000 50,000 1,560,000 1,554,947 600,000 50,000 0 600,000 30,000 0 350,000 350,000 0 0 0 0 Total Item .1,340 0 2,584,947 1,670,660 503,688 2,174,348 383,102 2,557,450 52,550 27,497 Total Goods & Services 21,098,000 2,478,709 23,576,709 1,426,947 25,003,656 24,328,827 0 24,328,827 18,145,484 4,032,148 22,177,632 1,225,765 23,403,397 1,600,259 925,430 r-- MI I= 11111111 1E11 MEI MIN MS= Ell IMO IMO SNIP INN Description 03 MINOR EQUIPMENT PURCHASES 001 General Administration 01 Vehicles 02 Office Equipment 03 Furniture & Furnishings 04 Other Minor Equipment Total Item 001 004 M'tnce of Building, Grounds Etc.
01 Vehicles 04 Other Minor Equipment Total Item 004 005 Local Health Authority 01 Vehicles 02 04 Office Equipment Other Minor Equipment Total Item 005 006 M'tnce of State Trcaes Etc.
01 Vehicles 02 Office 04 Equipment Other Minor Equipment Total Item 006 DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2011 12 Original Allocation 2011 1 Suppl'mts & Transfers 2 Revised Allocation 2011 3 (1+2) Virement New Allocation 2011 Releases Received Revenue Collected 4 Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.

2011 9 (7+8) 10 Expenditure & Commit.
2011 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4-11) _ Total Minor Equipment Purchases 165,000 - NU 11111 1.11 - 1111 UN NM - MI 1=1 EN NI 111111 ION 1E1 11111 Description 04 CURRENT SUBSIDIES & TRANSFERS Original Allocation 2011 1 Suppl'mts Transfers 2 Revised Allocation 2011 3 (1+2) Virement New Allocation 2011 Releases Received Revenue Collected 4 Total Revenue & Releases _ Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.
2011 Expenditure & Commit.
2011 9 (7+8) 10 - • 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) _ On Releases 13 (4-11) DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2011 13 007 Households 02 Gratuities Sub - total 009 Other Transfers 01 Chairman's Fund Sub - total 65,000 65,000 3,000 3,000 0 65,000 (33,947 31,053 31,053 0 I 65,000 (33,947 31,053 31,053 0 J 0 J 3,000 3,000 0 0 3,000 3,000 3,000 3,000 0 0 0 0 31,053 31,053 31,053 31,053 3,000 2,990 3,000 2,990 0 0 0 0 31,053 31,053 2,990 2,990 _ 0 0 0 0 31,053 31,053 2,990 2,990 0 0 10 10 0 0 10 10 Total Current Transfers & Subsidies 68,000 0 68,000 33,947 34,053 34,053 0 34,053 34,043 1 0 34,043 0 34,043 10 10 Income B/F August, 2011 Revenue & Interest for September, 2011 0 0 344,487 344,487 24,676 24,676 Total Revenue & Interest 0 01 0 GRAND TOTAL 57,037,000 3,107,709 60,144,709 0 0 0 0 369,163 369,163 0 0 0 0 0 0 0 60,144,709 59,009,375 369,163 59,378,538 49,638,455 6,708,565 56,347,020 1,230,463 57,577,483 2,567,226 1,801,055 Chief Executive Officer INN r- 1- 1111111 MN MIMI NE 11111 NMI MIN 1111 11111 M- 11=1 SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF EXPENDITURE FOR THE MONTH ENDING SEPTEMBER 30, 2011 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 14 Project No.
233 Drainage & Irrigation Programme 01 San Pedro Trace Ext.

Drain 02 Patrong Avenue Outfall Drain 03 St. Marie Emmanuel Rd.

Box Drain-Guerra's Residence 04 St. Marie Emmanuel Road- Doyle's Residence 05 Second Caigual Road Lp # 175 06 Mandillon Road Box Drain 07 Ogis Box Drain 08 Upper Cunapo Road 09 La Sieva Road Box Drain 10 Mahogany Drive Box Drain 11 Sangre Grande Junction Rd Box Drain Lp# 32-33 12 Sherry Ann Avenue Box Drain 13 Mavis Outfall Box Drain (Matelot) Releases to Date 1 Previous Month Exp.
2 Current Actual Exp.

Commitment Commit & Exp.

Balance of Month Exp.
3 To Date 4 2+3 To Date 5 To Date 4 + 5 Releases 1 - 4 + 5 202,214 200,430 - 200,430 83,500 74,000 81,090 70,381 211,714 206,189 178,714 107,000 110,714 175,000 285,714 200,000 185,000 100,000 200,000 176,025 97,047 108,906 169,813 284,190 188,716 163,067 99,432 180,595 469 2,933 - 1,408 8,142 - 3,910 17 1,103 - 17 15,724 81,559 73,314 206,189 177,433 105,189 108,906 173,723 284,207 189,819 163,067 99,449 196,319 691 1,912 683 5,343 1,266 1,203 1,203 1,088 1,494 10,031 - 2,484 201,121 83,471 73,997 211,532 178,699 106,392 110,109 174,811 285,701 199,850 163,067 99,449 198,803 1,093 29 3 182 15 608 605 189 13 150 21,933 551 1,197 Sub-Total 2,113,570 2,025,881 33,723 2,059,604 27,398 2,087,002 26,568 INN ION NM MIMI gill INN MIMI SIM 1- MIN r- r MINI- =II STATEMENT OF EXPENDITURE - Cont'd FOR THE MONTH ENDING SEPTEMBER 30, 2011 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 15 Project No.
Releases to Date 1 Previous Month Exp.

Current Month Exp.

2 3 4 5 To Date To Date Actual Exp.

Commitment Commit.

& Exp.
Balance of 234 Development Of Recreational Facilities 01 KP Lands Basketball Court 02 Paharry Recreational Ground 03 Vega De Oropuche Recreation Ground 04 Sangre Chiquito Recreational Ground 05 Valencia Recreation Grounds 06 Old Trafford Recreation Ground (Foster Road) 07 Basketball Systems for Various Courts 08 Duranta Gardens Play Park 09 Paharry Recreation Ground 10 North Oropouche Basketball Court 11 Carmichael Recreation Ground 160,000 80,000 80,000 113,715 63,181 57,140 100,000 150,000 125,715 100,000 85,715 149,256 79,290 65,201 109,631 28,700 31,179 - 21,077 - 88,857 16,530 Sub-Total 1,115,466 589,721 - .. 9,340 22,820 - - - 7,092 26,858 66,110 149,256 79,290 74,541 109,631 51,520 31,179 - 21,077 95,949 43,388 655,831 - 2,025 - 11,578 - - 75,900 3,720 93,223 To Date 4 + 5 Releases 1 - (4 + 5) 149,256 79,290 76,566 109,631 63,098 31,179 - 96,977 - 99,669 43,388 749,054 10,744 710 3,434 4,084 83 25,961 100,000 53,023 125,715 331 42,327 366,412 236 Development Of Cemeteries Sites 01 Cumuto Cemetery 100,000 70,908 5,557 76,465 11,178 87,643 12,357 237 Improvements to Markets & Abattoirs 100,000 27,786 55,830 83,616 12,391 96,007 3,993 MI MI $111 111111 r MN- 11E1 MINI r--- En NEI NM- NM NM STATEMENT OF EXPENDITURE - Cont'd FOR THE MONTH ENDING SEPTEMBER 30, 2011 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME Project No.
Releases to Date 1 Previous Month Exp.

2 Current Month Exp.

3 Actual Exp.

To Date 4 Commitment To Date 5 Commit.

& Exp.

To Date 4 + 5 Balance of Releases 6 1 - 4 240 Local Roads & Bridges 01 Teak Lane/Cicada Drive 02 Tamana Section II Road 03 Old Plum Road 04 Rosseau Road 05 Wine Factory Road 06 Providence Street 07 Ramdass Street 08 San Louis Road 09 Mc Gillvery Road 10 Boodooville 11 Guatapajaro Rd.
Bridges #2 12 Morne Cabrite Trace 13 Allandale Land Settlement Trace 14 Humming Bird Avenue 15 Los Armadillos Road 16 Baker Trace Guaico 17 New Valencia Housing 18 Dowlat Circular North 19 Quash Trace-Off Foster Road 20 Andrew Street Matelot - 40,660 24,003 55,742 102,235 - - 26,247 50,797 39,744 3,610 29,180 12,160 39,820 10,640 - 39,868 63,668 87,472 85,556 106,736 152,788 212,711 464,063 165,379 - - 198,260 130,031 117,257 154,050 403,525 402,010 375,499 298,083 338,032 295,184 Sub-Total C/F 4,643,306 3,503,755 546,549 4,050,304 - - - - 920 - 18,802 - - 1,520 37,050 44,194 - - - - - - 39,288 141,774 63,668 87,472 85,556 106,736 153,708 212,711 482,865 165,379 - 199,780 167,081 161,451 154,050 403,525 402,010 375,499 298,083 338,032 334,472 1,492 928 61,164 344 7,378 33,369 17,135 19,621 - - 220 82,919 88,549 25,950 7,681 571 7,532 1,293 74,554 20,528 4,192,078 451,228 NMI 1111 MI 111111 MN NMI OMB NMI NS NS 11111 NM 11111 1111 111111 STATEMENT OF EXPENDITURE - Cont'd FOR THE MONTH ENDING SEPTEMBER 30, 2011 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 17 Project No.
Releases to Date 1 Previous Month Exp, Current Actual Exp.

Commitment Commit.

& Exp.

Balance of Month Exp.
To Date To Date To Date Releases 2 3 4 5 4 + 5 1 -(4 + 5) 240 Local Roads & Bridges B/F 4,643,306 3,503,755 546,549 4,050,304 141,774 4,192,078 451,228 21 Cemetery Street , Matelot (Paving) 22 Cemetery Street , Matelot (Retaining Wall) 23 Mahogany Drive 218,000 141,285 330,470 165,737 102,167 14,461 34,040 21,324 - 199,777 123,491 14,461 3,800 14,378 - 203,577 137,869 14,461 Sub-Total 5,333,061 3,786,120 601,913 4,388,033 159,952 4,547,985 14,423 3,416 316,009 785,07(6 241 Local Government Building Programme 01 New Transport Building 500,000 114,256 114,256 54,625 168,881 331,119 246 Laving of Water Mains - - - - - 385 Municipal Police Equipment 464,498 184,506 271,140 455,646 8,849 464,495 3 386 Disaster Preparedness 361,639 59,593 70,078 129,671 161,056 290,727 70,912 Total 10,088,234 6,744,515 1,218,607 7,963,122 528,672 8,491,794 1,596,440 Financial Officer Chi f Executive Officer IMO NMI SE NM NIB NB MN SIM NM In MS E-- SS INS NM ND EIS SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF EXPENDITURE FOR THE MONTH ENDING SEPTEMBER 30, 2011 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 18 Project No.
Releases to Date 1 Previous Month Exp.

Month Exp.

To Date To Date 2 3 4 5 Current Actual Exp.

Commitment Commit.

& Exp.
Balance of 242 Procurement Of Major Vehicles & Equij3ment 749,125 722,325 Sub-Total 749,125 722,325 248 Computerization Programme 500,000 353,665 Sub-Total 500,000 353,665 - - - 722,325 722,325 353,665 55,300 408,965 91,035 353,665 55,300 408,965 91,035 To Date 4 + 5 Releases 1 -(4+ 5) 722,325 26,800 722,325 26,800 Total 11,337,359 7,820,505 1,218,607 9,039,112 583,972 9,623,084 1,714,275 Financial Officer ( Chief Executive Officer SANGRE GRANDE REGIONAL CORPORATION Notes to the Financial Statements For The Year Ended September 30, 2011 19 1.
Description of Activities The Sangre Grande Regional Corporation is a Local Government Authority and was incorporated on the 13th September, 1990 by the Municipal Corporation Act 1990.

The Corporation operates a Council — Chairman form of Government and provides the following services as authorized by Act 21 of 1990: Development and Maintenance of Public Infrastructure, Health and Environment Service, Recreation, Public Services and is currently in the process of undertaking Property Taxation 2.
Funding Funding for the activities of the Corporation is provided mainly by Government Subvention on a Deficit financing basis.

The Corporation raises a small amount of Revenue from services provided to its burgesses.

3.

Accounting Conventions The accounts of the Corporation are maintained in Trinidad and Tobago Dollars (TTD) These accounts are prepared under historic cost conventions and no account is taken of Inflation.

4.
4.

Significant Accounting Policies (a) Basis of Presentation — Fund Accounting The Accounts of the Corporation are organized on the basis of funds' each of which is considered a separate entity.

The following fund types are used by the Corporation:- Corporation Fund — The fund was established by resolution of Council for any purposes specified in the resolution establishing it.
Revenues for this Fund may be directed from: (1) Government subvention as allocated in the approved Estimates of Expenditure in any fiscal year.

(2) Donations and other contributions as may be directed.

(3) Monies as the Council may by resolution authorize be paid into the fund.

Detailed accounts for this Fund are not included in these accounts.

(b) Basis of Accounting The cash basis of accounting is presently followed by the Fund.

Under this basis of accounting expenditure is recorded when paid.
(c) Changes in Financial Position The focus of the Statement Of Changes In Financial Position is the Fund Balance.

(d) Funds Held In Trust Monies held in trust for third parties are shown as Liabilities and not part of the Fund Balance.

5.

Bank 20 15,248,785 The Corporation currently operates one Bank Account at First Citizens Bank Ltd which is credited with Government Subventions for Recurrent Services and Development Programme.

Deposits for: Severance Benefits Undrawn Wages Refundable.
Depoists Other Income Natural Disasters 6.

Accounts Receivable $ 24,605 Overpayment to Employees Overpayment to Third Parties Total 2009 $ 2010 $ 2011 $ Total $ - 24,605 - 24,605 - - - 24,605 - - - 24,605 Balances more than three (3) years old are not shown in this Statement of Position; however, all overpayments can be found in the Overpayments Ledger.

7.
7.

Prepaid Expenses $ 96,016 Payments made to Risk Manangement Services Claim for insurance for period 03.12.2010 to 31.12.2010 853 Premium for period 01/01/11 to 31/12/11 = $351,281 3/12 x $351,281= 87,820 Premium for period 21/02/11 to 31/12/11 = $26,928 3/11 x $26,928 = 7343 Total prepaid Insurance as at 30/09/11 96,016 1 21 $ 2,325,301 8.

Fixed Assets (As at 01.10.10) N.B.V B/F Less: Depreciation N.B.V.
After Depreciation Office Furniture Office Equipment Motor Vehicles Minor Equipment Total 288,215 279,946 1,741,800 477,966 2,787,927 28,822 55,989 435,450 95,593 615,854 259,393 223,957 1,306,350 382,373 2,172,073 Additions / (Disposals) 46,863 56,965 - 49,400 153,228 N.B.V C/F (As at 30.09.11) 306,256 280,922 1,306,350 431,773 2,325,301 The Depreciation Rates of the respective Assets group on a reducing balance basis are as follows: Office Furniture Office Equipment Minor Equipment Motor Vehicles 10% per annum 20% per annum 20% per annum 25% per annum 9.
Accounts Payable $ 1,230,463 This represents commitments for Goods & Services as at September 30, 2011.

10.

Severance Payable $ 300,831 2009 2010 2011 Total Balance B/F 247,889 121,256 $ $ $ $ 369,145 Receipts Payments - - - - 856,886 856,886 (925,200) (925,200) Balance 247,889 121,256 (68,314) 300,831 Balances more than three (3) years old are not shown in this Statement of Position; however, all severance can be found in the Severance Ledger.

11.
11.

Undrawn Wages $ 1,800 2009 2010 2011 Total $ 1,800 $ $ - $ 1,800 -- 5,281 5,281 -- (5,281) (5,281) 1,800 - - 1,800 Balance B/F Receipts Payments Balance 22 $ 2,200 12.
Refundable Deposits 2009 2010 2011 Total Balance B/F - 2,200 $ $ $ $ 2,200 Receipts Tender Deposit Cash Performance Facilities Total 1 - - - - - - - 2,200 - - - - - - - 2,200 2009 2010 2011 Total $ $ $ $ Balance B/F -- Payments Tender Deposit Cash Performance Facilities Total Balance - - - - 2,200 - - - - - - - - 2,200 - - - - Balances more than three (3) years old are not shown in this Statement of Position; however, all Deposits can be found in the Deposits Ledger.

13.
13.

Chairman's Fund $ (3,263) Balance B/F Releases Received Payments (3,273) 3,000 (2,990) (3,263) 14.

Uncommitted Fund Balance - Reccurrent 6,731,627 1 Total Subventions and Revenue Total Recurrent Expenditure Fund Balance Brought Forward Fund Balance Carried Forward 59,378,538 (57,577,483) 1,801,055 1,801,055 4,930,572 6,731,627 15.
Uncommitted Fund Balance - Development Programme 12,342,368 Total Subventions and Revenue Total Development Expenditure Fund Balance Brought Forward Fund Balance Carried Forward 11,337,359 (9,623,084) 1,714,275 1,714,275 10,628,093 12,342,368 II.

 IIIII lila SIM MS MIS WO IMO NM OM.
SIM NMI Ole IMO MI EMI Ole Eli SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables For The Year Ended September 30, 2011 23 NAMES 2009 2010 2011TOTAL 2009 2010 2011 TOTAL BALANCE Balance B/F $ $ 24,605 - $ - $ _ $ $ $ $ 24,605 - - $ 24,605 - Terry Williams Gary Blake & Ors J. Sampath 184 184 184 184 426 426 426 426 213 213 213 213 - - - Sub - Total - 24,605 823 - 25,428 - - 823 823 24,605 MN 111111 NM MIN UM NB ON MINI MO NS EN IND SO 11111 11111M Ile NIB SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables - Other Third Parties For The Year Ended September 30, 2011 2009 2010 2011 TOTAL 2009 2010 2011 TOTAL BALANCE $ $ $ $ $ $ $ $ $ 24 - - - - - 5 5 5 - - 5 5 5 - 5 5 - - - TOTAL , - - NAMES Bal.
B/F Greene's General Cycle Ltd UIIII gni UN UM UM MB Urn UM UM US al WM OW UM IUD all UN 111111 WU 25 SANGRE GRANDE REGIONAL CORPORATION SUMMARY OF DEPOSITS For The Year Ended September 30, 2011 AMOUNT B/F $ RECEIPTS $ 369,145 856,886 PAYMENTS BALANCE $ $ 925,200— 300,831 1,800 5,281 5,281 1,800 - - - - - - - - 2,200 - - - 2,200 - - 2,200 _ 373,145 862,167 930,481 304,831 DEPOSITS Severance Payable Undrawn Wages Refundable Deposits Cash Tender Facilities Sub - Total TOTAL _ _ _ IMO Ma MO MO IMO all MIR IIIIII Ile MI 1111.1 1111111 11111111 1111111 Sill SANGRE GRANDE REGIONAL CORPORATION SEVERANCE PAYABLE For The Year Ended September 30, 2011 26 2010 $ - 2011 $ TOTAL BALANCE $ - $ 369,145 - _ NAMES Bal.
B/F 2009 $ 2010 $ 247,889 121,256 2011 $ _ 2009 $ TOTAL $ 369,145 , .
Kamta Persad Jawahir Hyacinth Richard CBIR Leroy Williams Sieunarine Sieulal Nelson Soodeen Andrew Daniel Garcia CBIR Joseph Sam CBIR Aubert Thomas CBIR Deodath Ramnarine Ramdath David CBIR Shaffick Holas Ali CBIR Augustus K. Vincent LPR of Patrick Stewart Sub - 247,889 121,256 .. 42,643 33,839 - 1,248 39,341 40,813 24,221 - 48,989 - 38,715 - 46,044 37,744 _ - 23,101 - 33,149 7,769 417,617 42,643 33,839 - _ 1,248 39,341 40,813 24,221 - 48,989 - 38,715 - 46,044 37,744 - 23,101 - 33,149 7,769 786,762 - - - - 409,848 409,848 - 1,910 (1,910) - - - 4,391 (4,391) 1,610 (1,610) 1,782 (1,782) - 2,166 (2,166) 396 (396) - 7,769 376,914 ill AIM SIMI NIB =I MB OM NIP OM MB OS MINI NIS SIMI Mill MO SIR MI elle SEVERANCE PAYABLE - Cont'd For The Year Ended September 30,2011 27 TOTAL BALANCE NAMES Bal.
B/F 2009 $ 2010 $ 2011 $ 247,889 121,256 417,617 TOTAL $ 786,762 Alexander Joseph Bishnoo Dookhantee Reynold James Gerald Dasent Estwick Lovell Morris Bruno Hubert Phiilip Fazal Ali Michael Lewis LPR of John Joseph - Charles Anthony Joseph David Thomas Michael Thompson CBIR Keshan Mahase Dale Benjie LPR of Narine Gabriee Bethelmy .... 13,053 13,053 7,227 7,227 41,223 41,223 11,969 11,969 45,819 45,819 69,133 69,133 33,992 33,992 _ 53,448 53,448 15,168 15,168 1,143 1,143 - - - - - - - - 18,971 122,061 6,061 18,971 122,061 6,061 2009 $ 2010 $ 2011 $ $ - - 409,848 409,848 - 7,227 41,223 11,969 45,819 69,133 33,992 53,448 15,168 1,143 27,741 22,208 36,679 2,508 18,971 122,061 6,061 ..._ - 7,227 41,223 11,969 45,819 69,133 33,992 53,448 15,168 1,143 27,741 22,208 36,679 2,508 18,971 122,061 6,061 $ 376,914 13,053 - - - - - - - - - (27,741) (22,208) (36,679) (2,508) - - - Total 247,889 121,256 856,886 1,226,031 - - 925,200 925,200 300,831 *NB: Anthony Joseph, David Thomas and Michael Thompson were recipients In the 2010 listing to be paid severance but was not paid then, until this year 2011.
VIE ON NMI MI IMO ell MO OM MEI WIN MEI MS MOM ON ONO MN NS SANGRE GRANDE REGIONAL CORPORATION UNDRAWN WAGES For The Year Ended September 30, 2011 28 NAMES 2009 2010 2011 TOTAL 2009 2010 2011 TOTAL BALANCE Bal.

B/F $ 1,800 $ $ - $ 1,800 $ $ $ $ $ - - - 1,800 Stefan Pierre Carlton Sampath 1,835 1,835 1,835 1,835 3,446 3,446 3,446 3,446 - - TOTAL 1,800 - 5,281 7,081 - - 5,281 5,281 1,800 NMI INS 111111 Ell Nil INN In MINI NIB MI NMI Ell OM MO INS SIB IP Eli NAMES Bal.
B/F Truck Borne Water Sub - Total Bal.

B/F Supply of Bldg, Mat & Hire of Equip.

Sub - Total Bal.

B/F Supply of Crusher Run Sub -Total Bal.

B/F IRIAD Programme Sub - Total Bal.


B/F Sacvenging Service Nizam Mohammed Nizam Mohammed Nizam Mohammed Nizam Mohammed Sub - Total Total SANGRE GRANDE REGIONAL CORPORATION CASH PERFORMANCE For The Year Ended September 30 2011 2009 $ 2010 $ 2011 $ TOTAL $ 2009 $ 2010 $ 2011 $ TOTAL BALANCE $ $ 29 - - - - _ _ - _ - - - - - - - - - - - mi um me sr EMI IMO 11111 1111111 11111111 IIIIII Mil All NM III Mill NAMES Bal.
B/F Truck Borne Water Ramjit Mahabir BK Holdings Chanarjit Raghoonanan Rajindra Bissram Hansraj Bissram Neve's Contractors Ltd A &R General Contractors Bisram Raghoonanan S & L Transport Tricia's General Hardware KAMT Inv.

Ltd Sub - Total Bal.

B/F Supply & Delivery of Rd.

Bldg Material And Hire of Equipment Sacvenging Service Nizam Mohammed Nizam Mohammed IRIAD Programme Sub -Total Bal.

B/F Sub - Total Bal.


B/F Total SANGRE GRANDE REGIONAL CORPORATION TENDER DEPOSITS For The Year Ended September 30, 2011 2009 $ 2010 $ - 2,200 - _ _ - - - - 2,200 - - - - .

2,200 2011 $ TOTAL $ 2009 $ 2010 $ 2011 $ 2,200 - - - - - - - - - - - 2,200 - - - - - - - - - 2,200 - - - - - - - - - - - - - - - - - - - - - - _ - - - - - - _ - - - - 30 TOTAL BALANCE $ - - - - - - - - - - - - - _ _ - _ - - - - - - $ 2,200 - - - - - - - - - - - 2,200 - .
- - - - - - - 2,200 - - - - - - - - - - - - - - - - - - - SANGRE GRANDE REGIONAL CORPORATION FINANCIAL STATEMENTS For the year ended September 30, 2011