Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698924793029.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, 2010 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, 2010, 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, 2010, 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 accordance with the basis of accounting 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 A difference of $2,964,984.00 between the Total Recurrent Revenue figure of 6.
$55,934,455.00 and the audited figure of $58,899,439.00 resulted in an understatement of the Unspent Balance for Recurrent Reserve of ($2,558,994.00) including the closing balance of $5,932,301.00.

A difference of $2,631,088.00 between the Development Programme (DP) Government 7.

Subvention figure of $7,798,304.00 and the audited figure of $5,167,216.00.

This resulted in an overstatement of the DP Reserve for Unspent Balance figure of $4,555,001.00.
In addition, the opening balance of $6,073,092.00 disclosed at Note 15 was overstated by an amount of $4,839,387.00, consequently, the closing balance was overstated by the total amount of $7,470,475.00.

The opening balance of Fixed Assets in the sum of $3,961,029.00 was understated by the 8. acquisition of computer equipment totalling $100,200.00 in the prior year.

This impacted both the closing balance of the Fixed Assets and Capital Accumulated Fund of $2,787,927.00.
Assets purchased after December 2007 was not included in the Fixed Asset Register.

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 Total Recurrent Expenditure of $58,493,449.00 and Total Development Programme Expenditure of $3,243,303.00 included commitments totalling $1,931,957.00 and $739,662.00 respectively.

10.
10.

Expenditure totalling $1,868,028.00 incurred under Development Programme was not disclosed in these financial statements.

ADVERSE OPINION 11.
ADVERSE OPINION 11.

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, 2010 and its financial performance for the year ended September 30, 2010 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 12. 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."

.tiudit r General's Report SG C 010 Page 2 of 3 13.
Authority was not seen for expenditure totalling $4,400,879.00 incurred in excess of amounts released under thirty one (31) sub-items contrary to financial directives.

14.

Depreciation charge of $802,103.00 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.

SUBMISSION OF REPORT 15.


This Report is being submitted to the Speaker of the House of Representatives, the 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 g Ant itor 'ener ' Report ,S'GR(' 21010 Page 3 of 3 Fal to Year ndecl Subm P 309 N SANGRE G NDE REGIONAL CORPO TION FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2010 CONTENTS 1.

Statement of Position 2.

Statement of Revenue 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 - Undrawn Wages - Refundable Deposits Facilities - Cash Performance - Tender Deposits PAGE NO.
1 2 3 4 - 6 7 — 13 14 — 17 18 — 21 22 - 26 27 28 29 30 31 32 33 SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF POSITION AS AT SEPTEMBER 30, 2010 1 Note 2010 $ 2009 ASSETS Cash In Bank Accounts Receivable Prepaid Expenses Investment - Fixed Deposit Fixed Asset 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 Reserve For Unspent Balances - Recurrent Reserve For Unspent Balances - D.P Total Unspent Balances Balancing Amount Total 18,900,329 19,944,725 24,605 86,736 800,000 2,787,927 22,599,597 0 87,035 800,000 3,961,029 24,792,789 1,931,957 432,337 15,050 2,200 (3,273) 2,378,271 2,787,927 86,736 2,874,663 5,932,301 10,628,093 , 16,560,394 786,269 20,221,326 1,431,813 311,082 15,050 0 (3,773) 1,754,172 3,961,029 87,035 4,048,064 10,142,030 6,073,092 16,215,122 2,775,431 23,038,617 Total Liabilities And Fund Balance 22,599,597 24,792,789 The attached notes form an integral part of these accounts Finan ial Officer Chief Executive Officer SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF REVENUE FOR THE YEAR ENDED SEPTEMBER 30, 2010 2 Sub Head ITEM SUB _ITEM DESCRIPTION ACTUAL ACTUAL 2010 $ 2009 $ GOVERNMENT SUBVENTION 54,976,840 52,520,212 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
0.03 0.2 0.05 0.1 0.06 0.1 0.99 0.1 Fees Cemeteries Markets And Abattoirs Service Charges Waste Disposal Licence Other Interest Recurrent Miscellaneous Construction Of Stages 51,984 15,500 67,484 2,760 46 2,806 13,067 0 13,067 2,550 1,227 3,777 79,350 67,110 6,075 26,300 801,900 703,756 0 0 Total Other Income 957,615 814,010 TOTAL RECURRENT REVENUE 55,934,455 53,334,222 SUBVENTION DEVELOPMENT PROGRAMME 7,798,304 10,868,069 TOTAL REVENUE 63,732,759 64,202,291 Financial Offi er Chief
 Executive Officer SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED SEPTEMBER 30, 2010 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 Increase/(Decrease) In Recurrent Account (A-B) Balance Brought Forward Balance Carried Forward (C+D) DEVELOPMENT PROGRAMME Source Of Funds 2010 $ 2009 $ 54,976,840 52,520,212 957,615 814,010 A 55,934,455 53.334,222 36,600,447 21,705,937 26,479 160,586 0 33,305,844 22,480,544 1,009,004 2,500 464,749 58,493,449 57,262,641 (2,558,994) (3,928,419) 8,491,295 12,419,714 5,932,301 8,491,295 B C D E Government Subvention F 7,798,304 10,868,069 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 Road Improvement Fund Freedom Of Information Act Total Increase/(Decrease) In Devel Programme (F-G) Balance Brought Forward
 Balance Carried Forward (H+I) 1,964,900 419,318 0 0 759,505 0 0 0 0 0 99,580 0 0 0 3,829,135 1,019,076 150,874 1,243,019 1,205,333 0 0 0 283,679 0 210,749 0 0 0 G H I 1 3,243,303 7,941.865 4,555,001 2,926,204 6,073,092 3,146,888 10,628,093 6,073,092 TOTAL FUND BALANCE (E+J) 16,560,394 14,564,387 11111 11111 VIII 11111 OM 11111 MEI MB ell NMI BSI BM 11111 11111 SIN en OM 11111 SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF EXPENDITURE BY ITEM FOR THE YEAR ENDED SEPTEMBER 30, 2010 4 SUB HEAD ITEM General Admin.
Cemetery & Crematoia Market & Abattoir M'tnce of Bldgs Grounds etc.

Local Health Authority M'tnce of State Traces Expenditure & Commit.
Original Allocation Suppl'mts & Transfers Revised Allocation Virement New Allocation Releases Received Revenue Collected Total Revenue & Releases 01 Personnel Expenditure 02 Wages & COLA 525,869 327,750 - 1,649,721 8,912,762 15,210,116 26,626,218 27,945,000 05 Gov't Contribution to NIS 2,657,488 -- - - 2,657,488 2,600,000 2,600,000 58,030 2,658,030 2,600,000 27,945,000 (1,318,704) 26,626,296 25,882,400 - 25,882,400 - - 13 Remuneration to Council Members 887,197 - - 20 Gov't Contri.
to Group Health Ins.
168,402 29 Overtime 20,360 - - 30 Allowances 64,154 60,445 - - - - 887,197 910,000 - - 910,000 (15,030) 894,970 910,000 168,402 170,000 80,014 390,766 331,082 822,222 581,000 314,193 2,415,242 2,584,886 5,438,920 3,387,000 - - - 170,000 - 170,000 170,000 581,000 241,226 822,226 555,500 3,387,000 941,392 4,328,392 4,180,600 - - - - - - - - - - - - 2,600,000 910,000 170,000 555,500 4,180,600 TOTAL OF 01 - Personnel Expenditure 4,323,470 388,195 _ - 2,043,928 11,718,770 18,126,084 36,600,447 35,593,000 - 35,593,000 (93,086) 35,499,914 34,298,500 - 34,298,500 1118 NM NM 11111 11111 1111111 11111 SIM NIB NM 1111 11111 IN 11111 111111 11111 SUB HEAD ITEM General Admin.
Cemetery & Crematoia Market & Abattoir M'tnce of Bldgs Grounds etc.

Local Health Authority M'tnce of State Traces Expenditure & Commit.
Original Allocation Supprmts & Transfers Revised Allocation Virement New Allocation Releases Received Revenue Collected STATEMENT OF EXPENDITURE BY ITEM - Cont'd FOR THE YEAR ENDED SEPTEMBER 30, 2010 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 Traning 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 - 109,366 182,533 361,649 17,157 248,400 98,705 555,174 6,598 71,246 - 21,543 101,594 13,300 15,000 10,337 641,869 28,126 - 147,489 81,000 - 1,173,835 81,160 2,000 - 346,850 91,882 238,938 951,067 10,000 - 2,875 - - 4,469 - - - - 10,834 - - - - - - - - - 147,167 - - - - - - - - - - - - - 33,296 - 28,853 - - - - 59,669 - - - - - 17,003 - - - 104,304 - - 22,770 - - - - - - - - - - 111,263 - 10,708 - - - - 395,652 - - - - - 65,641 - - - 112,622 - - - - - - - - - - - - 26,168 379 - 2,678 - 284,750 9,660 - 222,363 185,874 - - - - - 296,800 - - 11,839,685 - - - - - - - - - - - - - - - - -
 71,025 - - 1,112,719 585,603 31,201 - - - - - - 303,088 - - - - - - - - - - - - 138,409 327,471 361,649 63,865 248,400 454,480 564,834 6,598 1,872,483 771,477 52,744 101,594 13,300 15,000 92,981 938,669 28,126 - 12,654,355 81,000 - 1,196,605 81,160 2,000 - 346,850 91,882 238,938 951,067 10,000 - 195,000 280,000 310,000 91,000 249,000 487,000 457,000 12,000 2,103,940 538,000 94,000 108,000 20,000 15,000 230,000 950,000 220,000 - 12,000,000 100,000 - 1,030,000 100,000 2,000 30,000 360,000 100,000 150,000
 500,000 40,000 - - - - - - - - - - - - - - - .. - - - - - - - - - - - - 400,000 - - 195,000 280,000 310,000 91,000 249,000 487,000 457,000 12,000 2,103,940 538,000 94,000 108,000 20,000 15,000 230,000 950,000 220,000 - 12,000,000 100,000 - 1,030,000 100,000 2,000 30,000 360,000 100,000 150,000 900,000 40,000 - (24,997) 57,110 60,000 - - (25,000) 116,828 - (174,000) 200,000 (25,000) (5,000) - - (141,080) (8,000) (190,000) - 35,510 (16,000) - 166,835 - - (7,893) (10,000) - - 20,687 (30,000) - 170,003 337,110 370,000 91,000 249,000 462,000 573,828 12,000 1,929,940 738,000 69,000 103,000 20,000 15,000 88,920 942,000 30,000 - 12,035,510 84,000 - 1,196,835 100,000 2,000 22,107 350,000 100,000 150,000 920,687 10,000 - 185,000 279,000 304,000 86,300 249,000 467,000 451,000 10,400 1,958,940 738,000 63,000 108,000 20,000 15,000 125,000 950,000 30,000 - 11,798,700 91,000 - 1,025,000 50,000 2,000 4,000 350,000 90,000 250,000 900,000 10,000 TOTAL Of 02 - Goods & Services 5,606,818 165,345 265,895 695,886 12,868,357 2,103,636 21,705,937 20,771,940 400,000 21,171,940 - 21,171,940 20,610,340 - - - - - - - - - - - - - - - - - - - - - - - i - - - - - - 5 Total Revenue & Releases - 185,000 279,000 304,000 86,300 249,000 467,000 451,000 10,400 1,958,940 738,000 63,000 108,000 20,000 15,000 125,000 950,000 30,000 - 11,798,700 91,000 - 1,025,000 50,000 2,000 4,000 350,000 90,000 250,000 900,000 10,000 20,610,340 ROI all 1E11 NS OM IIIII MN MI MI NMI IMO MN
 NM NIB INS SUB HEAD ITEM General Admin.
Cemetery & Crematoia Market & Abattoir M'tnce of Bldgs Grounds etc.

Local Health Authority M'tnce of State Traces Expenditure & Commit.
Original Allocation Suppl'mts & Transfers Revised Allocation Virement New Allocation Releases Received Revenue Collected STATEMENT OF EXPENDITURE BY ITEM - Cont'd FOR THE YEAR ENDED SEPTEMBER 30, 2010 6 Total Revenue & Releases 03 Minor Equipment Purchases 01 02 03 04 Vehicles - Replacement Office Equipment Furniture & Furnishings 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 - - - - - 158,086 158,086 2,500 2,500 TOTAL Of 04 - Current Trans.

& Subs.
160,586 Income B/F August, 2010 Revenue & Interest for September, 2010 - - - - - - - - - - - - - - - - - - - - Sub - total - - - - - 26,479 26,479 - - - - - - _ - - - - - - - - - - - - - - - - - - - - - - - - - 26,479 60,000 50,000 67,000 26,479 177,000 - i - - 60,000 50,000 67,000 177,000 - - - - - 60,000 50,000 67,000 177,000 - - - - - - 158,086 65,000 158,086 65,000 2,500 3,000 2,500 3,000 160,586 68,000 - - - - - 65,000 93,086 158,086 65,000 65,000 93,086 158,086 65,000 3,000 3,000 - - 3,000 3,000 3,000 3,000 68,000 93,086 161,086 68,000 - - - - - - - - - - - - - - 65,000 65,000 3,000 3,000 68,000 - - - - - - - 887,013 70,602 887,013 70,602 957,615 957,615 - 57,009,940 54,976,840 957,615 55,934,455 - - TOTAL OF HEADS - 01- 04 10,090,874 553,540 265,895 2,766,293 24,587,127 20,229,720 58,493,449 56,609,940 400,000 57,009,940 NIB IMO 11111111 111111 11111111 III, OM 1111111 INS OM SIMI INN NMI MO IMO OS MI Description Allocation & Allocation Virement Original Suppl'mts Revised 01- PERSONNEL EXPENDITURE 001 General Administration 2010 1 Transfers 2 2010 3 (1+2) New Allocation 2010 Releases Received Revenue Collected 4 Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.
2010 9 (7+8) 10 Expenditure & Commit.

2010 11 (9+10) Uncommitted Balance On Allocation 12 (3-11) On Releases 13 (4-11) SANGRE GRANDE REGIONAL CORPORATION DETAILS OF EXPENDITURE For The Year Ended September 30, 2010 7 02 Wages & COLA 235,000 - 235,000 290,869 525,869 235,000 05 Gov't Contribution to NIS 2,600,000 - 2,600,000 58,030 2,658,030 2,600,000 13 Rem to Council Members 910,000 20 Gov't Contri.

To Group-Health Ins.
170,000 29 Overtime 30 Allowances 15,000 2,000,000 Total Item 001 5,930,000 002 Cemeteries 02 Wages & COLA 29 Overtime 30 Allowances 500,000 5,000 15,000 Total Item 002 520,000 003 Markets & Abattoir 02 Wages & COLA 29 Overtime 30 Allowances 100,000 23,000 14,000 Total Item 003 137,000 - - - - - - - - - - - - - 910,000 (15,030) 894,970 910,000 170,000 - 170,000 170,000 - 15,000 5,360 20,360 15,000 2,000,000 (1,935,846) 64,154 70,000 5,930,000 (1,596,617) 4,333,383 4,000,000 500,000 (172,238) 327,762 384,000 5,000 (5,000) - 3,000 15,000 45,445 60,445 15,000 520,000 (131,793) 388,207 402,000 - - - - - - - - - - - 235,000 525,869 - 525,869 2,600,000 2,503,829 153,659 2,657,488 910,000 794,443 92,754 887,197 170,000 155,922 12,480 168,402 15,000 20,360 70,000 64,154 - - 20,360 64,154 4,000,000 4,064,577 258,893 4,323,470 384,000 290,850 36,900 327,750 3,000 - - - 15,000 57,025 3,420 60,445 402,000 347,875 40,320 388,195 100,000 (100,000) - -- - 23,000 (23,000) - -- - 14,000 (14,000) - -- - - - - - - - - - - 137,000 (137,000) - - - - - -- - - - - - - - - - - - - - - - 525,869 - (290,869) 2,657,488 542 (57,488) 887,197 7,773 22,803 168,402 - 1,598 1,598 20,360 64,154 - - (5,360) 5,846 4,323,470 9,913 (323,470) 327,750 12 56,250 - 60,445 - - 3,000 (45,445) 388,195 12 13,805 - - - - - - - - - - - - Ile 11111 MINI III, IIIIIII MO SIN SIMI MO ern Mk ION lila 111111 11.111 MIS Description Allocation & Allocation Virement Allocation Received Collected Revenue To Previous Current Expenditure
 2010 & Commit.
On On Original Suppl'mts Revised New Releases Revenue Total Actual Expenditure Actual Commit.
Expenditure Uncommitted Balance 01- PERSONNEL EXPENDITURE - Cont'd 004 M'tnce of Building, Grounds Etc 2010 1 Transfers 2010 2 3 (1+2) 2010 & Releases Month Month 2010 Allocation Releases 4 7 8 9 (7+8) 10 11 (9+10) 12 (3-11) 13 (4-11) DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2010 8 02 Wages & COLA 29 Overtime 30 Allowances 1,710,000 100,000 106,000 - - - 1,710,000 (60,278) 1,649,722 1,461,000 100,000 (19,986) 80,014 77,500 106,000 208,193 314,193 206,000 - - - 1,461,000 1,550,318 99,403 1,649,721 77,500 79,898 116 80,014 206,000 306,743 7,450 314,193 - - - 80,014 314,193 1,649,721 1 (188,721) Total Item 004 -1,916,000 - 1,916,000 127,929 2,043,929 1,744,500 - 1,744,500 1,936,959 106,969 2,043,928 - 2,043,928 005 Local Health Authority 02 Wages & COLA 10,000,000 - 10,000,000 (1,087,173) 8,912,827 9,340,000 29 Overtime 30 Allowances 163,000 532,000 - - 163,000 227,767 390,767 185,000 532,000 1,227,310 1,759,310 1,759,310 - - - 9,340,000 8,228,107 684,655 8,912,762 185,000 372,366 18,400 390,766 1,759,310 2,332,953 82,289 2,415,242 - - - 8,912,762 65 427,238 390,766 1 (205,766) 2,415,242 (655,932) (655,932) Total Item 005 10,695,000 - 10,695,000 367,904 11,062,904 11,284,310 - 11,284,310 10,933,426 785,344 11,718,770 - 11,718,770 (655,866) (434,460) 006 M'tnce of State Traces Etc.
02 Wages & COLA 15,400,000 - 15,400,000 (189,884) 15,210,116 14,462,400 - 14,462,400 14,071,251 1,138,865 15,210,116 29 Overtime 30 Allowances 275,000 720,000 - - 275,000 56,085 331,085 275,000 720,000 1,410,290 2,130,290 2,130,290 - - 275,000 322,358 8,724 331,082 2,130,290 2,475,670 109,216 2,584,886 - - - 15,210,116 331,082 - 3 (747,716) (56,082) 2,584,886 (454,596) (454,596) Total Item 006 16,395,000 - 16,395,000 1,276,491 17,671,491 16,867,690 - 16,867,690 16,869,279 1,256,805 18,126,084 - 18,126,084 (454,593) (1,258,394) Total Personnel Expenditure 35,593,000 - 35,593,000 (93,086) 35,499,914 34,298,500 - 34,298,500 34,152,116 2,448,331 36,600,447 - 36,600,447 (1,100,533) (2,301,947) - - 1 (2,514) (108,193) (299,428) MI SIMI IMO NIB MO MINI MI MI NIB lilt OM 11111 ON ON INS NIP 111115 IBIS INN DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2010 9 Original Suppl'mts Revised New Releases Revenue Total Actual Expenditure Actual Commit.
Expenditure Uncommitted Balance Description Allocation & Allocation Virement Allocation Received Collected Revenue To Previous Current Expenditure 2010 & Commit.
On 2010 1 Transfers 2 2010 3 (1+2) 2010 4 & Releases Month 7 Month 8 9 (7+8) 10 2010 11 (9+10) Allocation 12 (3-11) 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 Rep & M'tnce - Building 22 Short Term Employment 23 Fees 27 Official Overseas Travel 28 Other Contracted Services 37 Janitorial Services 43 Security Services 46 Natural Disasters 57 Postage 61 Insurance 62 Promotions, Publicity & Printing 66 Hosting of Conferences & Seminars 68 Water Trucking 99 Employee Assistance Programme - -- - - - 110,000 150,000 300,000 26,000 249,000 100,000 440,000 12,000 75,000 23,000 108,000 20,000 15,000 10,000 650,000 220,000 - 120,000 100,000 1,000,000 100,000 2,000 360,000 100,000 150,000 500,000 40,000 - - - - - - - - - - - - - - - - - - - - - - - - 400,000 - 110,000 150,000 300,000 26,000 249,000 100,000 440,000 12,000 75,000 23,000 108,000 20,000 15,000 10,000 650,000 220,000 - 120,000 100,000 1,000,000 100,000 2,000 360,000 100,000 150,000 900,000 40,000 33,810 70,000 - - - 120,000 - - - (5,000) - - 337 (8,000) (190,000) - 34,000 (16,000) 173,835 - - (10,000) - - 20,687 (30,000) - 110,000 183,810 370,000 26,000 249,000 100,000 560,000 12,000 75,000 23,000 103,000 20,000 15,000 10,337 642,000
 30,000 - 154,000 84,000 1,173,835 100,000 2,000 350,000 100,000 150,000 920,687 10,000 - 110,000 150,000 300,000 24,000 249,000 100,000 440,000 10,400 75,000 23,000 108,000 20,000 15,000 10,000 650,000 30,000 - 120,000 91,000 1,020,000 50,000 2,000 350,000 90,000 250,000 900,000 10,000 - 110,000 150,000 300,000 24,000 249,000 100,000 440,000 10,400 75,000 23,000 108,000 20,000 15,000 10,000 650,000 30,000 - 120,000 91,000 1,020,000 50,000 2,000 350,000 90,000 250,000 900,000 10,000 - 109,366 159,958 352,996
 14,490 227,700 98,705 - 493,996 6,131 48,515 20,111 97,727 13,300 15,000 10,337 608,499 28,126 - 94,988 77,700 1,105,224 16,133 2,000 346,850 69,020 147,145 920,687 10,000 - - 22,575 590 2,667 20,700 - 4,136 467 - - - 109,366 182,533 353,586 17,157 248,400 98,705 498,132 6,598 48,515 20,111 3,867 101,594 - - - 13,300 15,000 10,337 33,370 641,869 28,126 - - - 8,063 - - - 57,042 - 22,731 1,432 - - - - - - - - - 33,935 3,300 68,611 10,916 - - - 91,793 - - 128,923 18,566 81,000 1,173,835 27,049 2,000 346,850 69,020 238,938 920,687 10,000 - - 54,111 - - 22,862 - 30,380 - - 109,366 182,533 361,649 17,157 248,400 98,705 555,174 6,598 71,246 21,543 101,594 13,300 15,000 10,337 641,869 28,126 - 147,489 81,000 1,173,835 81,160 2,000 346,850 91,882 238,938 951,067 10,000 - 634 1,277 8,351 8,843 600 1,295 4,826 5,402 3,754 1,457 1,406 6,700 - - 131 1,874 - 6,511 3,000 - 18,840 - 3,150 8,118 (88,938) (30,380) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Item 001 4,980,000 400,000 5,380,000 193,669 5,573,669 5,197,400 5,197,400 5,094,704 296,927 5,391,631 215,187 5,606,818 (33,149) (409,418) On Releases 13 (4-11) - 634 (32,533) (61,649) 6,843 600 1,295 (115,174) 3,802 3,754 1,457 6,406 6,700 - (337) 8,131 1,874 - (27,489) 10,000 (153,835) (31,160) - 3,150 (1,882) 11,062 (51,067) - 1111111 1101 Mil MI VIII ea 111111 111111 ON Oil MB NIS 1111111 11111 UM OM Ile NIB Original Suppl'mts Revised New Releases Revenue Total Actual Expenditure
 Actual Commit.
Expenditure Uncommitted Balance DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2010 10 Description Allocation & Allocation Virement Allocation Received Collected Revenue To Previous 2010 Transfers 1 2 2010 3 (1+2) 2010 & Releases Month Current Month Expenditure 2010 & Commit.
On 2010 Allocation 4 7 8 9 (7+8) 10 11 (9+10) 12 (3-11) On Releases 13 (4-11) 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 5,000 10,000 100,000 15,000 150,000 280,000 10,000 10,000 30,000 2,000 10,000 25,000 45,000 100,000 30,000 262,000 115,000 15,000 400,000 50,000 120,000 700,000 - - - - - - - - - - - - - - - - - - - - - - 5,000 10,000 100,000 15,000 150,000 (2,010) - (89,000) (15,000) (2,800) 2,990 10,000 11,000 - 147,200 5,000 10,000 55,000 10,000 150,000 280,000 - (108,810) 171,190 230,000 10,000 10,000 30,000 2,000 10,000 25,000 45,000 100,000 30,000 23,300 (10,000) - (1,337) 25,000 (25,000) (20,000) 4,310 (7,000) 33,300 - 30,000 663 35,000 - 25,000 104,310 23,000 10,000 4,000 30,000 1,000 10,000 5,000 45,000 100,000 5,000 262,000 (10,727) 251,273 210,000 115,000 15,000 400,000 50,000 120,000 - - - 3,583 - 115,000 15,000 400,000 53,583 120,000 115,000 15,000 400,000 50,000 120,000 700,000 3,583 703,583 700,000 - - - - - - - - - - - - - - - - - - - - - - 5,000 10,000 55,000 10,000 150,000 2,875 3,767 10,834 - 147,167 - 702 - - - 2,875 4,469 10,834 - 147,167 230,000 164,643 702 165,345 10,000 4,000 30,000 1,000 10,000 5,000 45,000 100,000 5,000 26,309 - 22,869 - 34,717 - 13,668 100,404 22,770 6,987 - 5,984 - - - - 3,900 - 33,296 - 28,853 - 34,717 - 13,668 104,304 22,770 - - - - - - - - - - 24,952 - 3,335 - - 2,875 4,469 10,834 - 147,167 115 5,531 166 - 33 2,125 5,531 44,166 10,000 2,833 165,345 5,845 64,655 33,296 - 28,853 - 59,669 - 17,003 104,304 22,770 4 - 1,147 663 (23,296) 4,000 1,147
 1,000 (24,669) (49,669) - 7,997 6 230 5,000 27,997 (4,304) (17,770) 210,000 220,737 16,871 237,608 28,287 265,895 (14,622) (55,895) 115,000 15,000 400,000 50,000 120,000 94,012 8,439 298,797 53,583 85,109 17,251 2,269 10,197 - 10,769 111,263 10,708 308,994 53,583 95,878 - - 86,658 12,058 16,744 111,263 10,708 395,652 65,641 112,622 3,737 4,292 4,348 (12,058) 7,378 3,737 4,292 4,348 (15,641) 7,378 700,000 539,940 40,486 580,426 115,460 695,886 7,697 4,114 11111 11111 11.11 MN NB INN MI NS SIM VIII NS 111111 ale 111111 all 8111 IND MI 11111 DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2010 11 Original Suppl'mts Revised New Allocation 2010 3 (1+2) Virement Allocation 2010 Releases Received Revenue Collected Total Revenue & Releases Actual Expenditure Actual Commit.
Expenditure Uncommitted Balance To Previous Current Expenditure 2010 & Commit.
On Month 7 Month 8 9 (7+8) 10 11 (9+10) 12 (3-11) 2010 Allocation On Releases 13 (4-11) Description Allocation & 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 2010 1 Transfers 2 50,000 5,000 10,000 287,000 15,000 135,000 188,000 110,000 300,000 11,200,000 10,000 - - - - - - - - - - - 4 50,000 4,000 7,300 287,000 10,000 235,000 188,000 10,000 300,000 50,000 5,000 10,000 287,000 15,000 135,000 188,000 110,000 300,000 11,200,000 (22,987) - - - (1,835) 90,000 - (110,000) - - 27,013 5,000 10,000 287,000 13,165 225,000 188;000 - 300,000 10,000 (7,893) 2,107 2,000 11,200,000 10,998,700 - - - - - - - - - - - 50,000 4,000 7,300 287,000 10,000 235,000 188,000 10,000 300,000 2,185 - 2,160 667 379 518 2,852 379 2,678 23,316 - - 248,979 18,751 267,730 17,020 9,660 112,434 170,125 - - 82,715 - - 9,660 195,149 170,125 - 284,000 12,800 296,800 - 27,214 15,749 - - - 26,168 379 2,678 284,750 9,660 222,363 185,874 - 296,800 845 4,621 7,322 2,250 3,505 2,637 2,126 - 3,200 23,832 3,621 4,622 2,250 340 12,637 2,126 10,000 3,200 10,998,700 10,069,850 834,862 10,904,712 934,973 11,839,685 (639,685) (840,985) 2,000 - - - - - 2,107 2,000 Total Item 005 12,310,000 - 12,310,000 (52,715) 12,257,285 12,092,000 - 12,092,000 10,899,393 950,692 11,850,085 1,018,272
 12,868,357 (611,072) (776,357) 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 30,000 - 100,000 1,383,940 350,000 46,000 - 310,000 - 20,000 Total Item 006 2,239,940 - - - - - - - - - - - 30,000 - - - 30,000 20,000 - - 100,000 (25,000) 75,000 80,000 1,383,940 (200,000) 1,183,940 1,183,940 550,000 46,000 - 550,000 35,000 - 350,000 46,000 - 310,000 - 20,000 200,000 - - - - - 2,239,940 (25,000) 2,214,940 2,180,940 Total Goods & Services 20,771,940 400,000 21,171,940 - 21,171,940 20,610,340 - - - - - - - - - - 20,000 - 80,000 1,183,940 550,000 35,000 - - 52,675 689,087 447,162 - - - - 8,000 56,658 43,942 - - - - - - - - 60,675 10,350 71,025 745,745 491,104 - - 366,974 1,112,719 94,499 31,201 585,603 31,201 30,000 20,000 - 3,975 71,221 (35,603) 14,799 - 8,975 71,221 (35,603) 3,799 - -- - 310,000 310,000 24,638 - -- - 253,202 310,000 - 277,840 25,248 303,088 - - 20,000 2,000 2,000 - -- - - - 6,912 - 20,000 6,912 2,000 2,180,940 1,442,126 133,238 1,575,364 528,272 2,103,636 111,304 77,304 20,610,340 18,361,543 1,438,916 19,800,459 1,905,478 21,705,937 (533,997) (1,095,597) US SIN 111111 111111 OM NIS IND 11111 MI MN NM 8111 MN NM 1111111 111111 111111 11111 Description 03 MINOR EQUIPMENT PURCHASES Original Allocation 2010 1 Suppl'mts & Transfers 2 Revised Allocation 2010 3 (1+2) Virement New Allocation 2010 Releases Received Revenue
 Collected 4 Total Revenue & Releases Actual Expenditure To Previous Month 7 Current Month 8 Actual Expenditure Commit.
2010 9 (7+8) 10 Expenditure & Commit.

2010 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, 2010 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 Office Equipment 04 Other Minor Equipment Total Item 005 006 M'tnce of State Trcaes Etc.
01 Vehicles 02 Office Equipment 04 Other Minor Equipment Total Item 006 - 60,000 50,000 - 110,000 - - - - - 67,000 67,000 - - - - Total Minor Equipment Purchases 177,000 - - - - - - - - - - - - - - - - - - 60,000 50,000 - 110,000 - - - - - 67,000 67,000 - - - - 177,000 - - - - - - - - - - - - - - - - - 60,000 50,000 - -- - - - - - - - - - - 110,000 -- - - - - -- - - - - -- - - - 67,000 -- -- -- - - - 67,000 -- - - - - -- -- -- - - - - -- - 177,000 -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 60,000 50,000 - 110,000 - 26,479 - 26,479 - (26,479) - (26,479) 26,479 26,479 (26,479) (26,479) - - - - - - - - - - - - - - - - - - 67,000 67,000 - - - - - - - - - - - - 26,479 26,479 150,521 (26,479) 12 - - - - - 1111 ON MN all 11111 11111 11111 MI Ell 1111 UN SIB 111111 IMO 11111 VIII Sr DETAILS OF EXPENDITURE - CONT'D For The Year Ended September 30, 2010 13 Description Allocation & Allocation Virement Allocation Received Collected Revenue To Previous 04 CURRENT SUBSIDIES & TRANSFERS 2010 1 Transfers 2 2010 3 (1+2) 2010 4 & Releases Month 7 Current Month 8 Expenditure 2010 & Commit.
On 9 (7+8) 10 11 (9+10) 12 (3-11) 2010 Allocation On Releases 13 (4-11) Original Suppl'mts Revised New Releases Revenue Total Actual Expenditure Actual Commit.
Expenditure Uncommitted Balance 007 Households 02 Gratuities Sub - total 009 Other Transfers 01 Chairman's Fund Sub - total 65,000 65,000 3,000 3,000 - - - - 65,000 93,086 158,086 65,000 65,000 93,086 158,086 65,000 3,000 3,000 - - 3,000 3,000 3,000 3,000 - - - - 65,000 158,086 65,000 158,086 3,000 2,500 3,000 2,500 - - - - 158,086 158,086 2,500 2,500 - - - - 158,086 158,086 2,500 2,500 - - 500 500 (93,086) (93,086) 500 500 Total Current Transfers & Subsidies 68,000 - 68,000 93,086 161,086 68,000 - 68,000 160,586 - 160,586 - 160,586 500 (92,586) Income EVF August, 2010 Revenue & Interest for September, 2010 - - 887,013 887,013 70,602 70,602 Total Revenue & Interest - - - - - - 957,615 957,615 - - - - - - - GRAND TOTAL 56,609,940 400,000 57,009,940 - 57,009,940 54,976,840 957,615 55,934,455 52,674,245 3,887,247 56,561,492 1,931,957 58,493,449 (1,483,509) (3,516,609) Finan tal Officer `tit Chief l xecutive Officer 1111 SIN MI IBM MS NMI SIN RI nil SIN SIMI US Sill NS all ale INS Nil SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF EXPENDITURE FOR THE MONTH ENDING SEPTEMBER 30, 2010 HEAD: 42 -091005109 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 14 Project No.
233 Drainage & Irrigation Programme _ Releases to Date 1 Previous Month 2 Current Actual Exp.

Commitment Commit.

& Exp.

Balance of Month 3 To Date 4 (2+3) _ To Date 5 To Date 4 + 5 Releases 1-44+-15 01 San Pedro Trace Ext.

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

Box Drain 04 St. Marie Emmanuel Rd.
Drain - Doyle Residence 05 Second Caigual Road 06 Mandillon Road Box Drain 07 Ogis Trace Box Drain 08 Upper Cunapo Road 09 La Sieva Road Box Drain 10 Mohogany 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) 202,214 162,232 83,500 74,000 211,714 178,714 107,000 110,714 175,000 285,714 200,000 185,000 100,000 200,000 68,777 55,488 167,837 160,601 89,517 96,591 149,077 209,373 69,034 - - (238) 1,423 8,300 54.
3,649 1,089 490 39,426 5,961 87,971 Sub-Total 2,113,570 1,228,527 402,001 1,630,528 334,372 1,964,900 148,670 illog au am gm 11111 ELI NM 1111 11111 II= 11111 11111 11111 11111 STATEMENT OF EXPENDITURE - Cont'd FOR THE MONTH ENDING SEPTEMBER 30, 2010 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 15 Project No.

Releases to Date 1 Previous Month 2 Current Month 3 Actual Exp.

Commitment Commit.

& Exp,.
Balance of To Date To Date 4 5 To Date 4 + 5 Releases 1 -(4 + 5) 234 Development Of Recreational Facilities 01 KP Lands Basketball Court 02 Paharry Recreation Grounds 03 Vega De Oropuche Recreation Grounds 04 Sangre Chitquito Recreation Grounds 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 Sub-Total 236 Development Of Cemeteries Sites 01 Cumuto Cemetery Sub-Total 237 Improvements to Markets & Abattoirs 160,000 80,000 80,000 113,715 63,181 57,140 100,000 150,000 125,715 100,000 85,715 - 10,172 - - - - - - 51,692 59,715 44,321 67,094 - - - - - - - - 51,692 69,887 44,321 67,094 - - - - - 71,867 9,403 33,121 43,233 28,700 - - - - 123,559 79,290 77,442 110,327 28,700 .. - - - - 1,115,466 10,172 222,822 232,994 186,324 419,318 36,441 710 2,558 3,388 34,481 57,140 100,000 150,000 125,715 100,000 85,715 696,148 100,000 100,000 - - - - - - - - - 100,000 100,000 1011 sr no am ma mom aim me um am- ma am um mg am um am um am STATEMENT OF EXPENDITURE - Cont'd FOR THE MONTH ENDING SEPTEMBER 30, 2010 HEAD: 42 -09/005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 16 Project No.
240 Local Roads & Bridges Balance 01 Los Armadillos Road 02 Baker Trace Guaico 03 New Valencia Housing 04 Dowlat Circular North 05 Quash Trace-Off Foster Road 06 Andrew Street - Matelot 07 Cemetery Street - Matelot (Paving) 08 Cemetery Street - Matelot (Retaining Wall) 09 Who.

an Drive Releases to Date 1 Previous Month 2 Current Month 3 Actual Exp.

To Date 4 Commitment To Date 5 Commit.

& Exp.
To Date 4 + 5 Balance of Releases 11 4-1.L11_ 411,206 402,581 383,031 299,376 412,586 355,000 218,000 141,285 330,470 67,010 - 16,899 - - 36,339 35,594 45,906 5,807 33,060 100,070 62,138 72,279 74,195 50,218 37,115 3,979 16,899 62,138 72,279 110,534 85,812 83,021 9,786 540,539 - - - 15,200 23,730 63,384 79,925 21,564 15,163 218,966 100,070 - 16,899 77,338 96,009 173,918 165,737 104,585 24,949 759,505 311,136 402,581 366,132 222,038 316,577 181,082 52,263 36,700 305,521 2,194,030 241 Local Government Building Programme Sub-Total 2,953,535 207,555 332,984 246 Laving of Water Mains 385 Municiell.
Police Equipment 266,608 99,580 99,580 - 99,580 167,028 Total 6,549,179 1,545,834 957,807 2,503,641 739,662 3,243,303 3,305,876 Financial Officer Chief Executive Officer 111111 EMI NMI IMO MOO NMI MIMI Sill IMO NIB SIM SIMI Ea IIIIII OM IMO IIIIIII NMI MI SANGRE GRANDE REGIONAL CORPORATION STATEMENT OF EXPENDITURE FOR THE MONTH ENDING SEPTEMBER 30, 2010 HEAD: 42-091005/09 - MINISTRY OF LOCAL GOVERNMENT DEVELOPMENT PROGRAMME 17 Project No .

- Releases to Date 1 Previous Month 2- Current Month 3 Actual Exp.
Commitment Commit.

& Exp.

Balance of To Date To Date To Date Releases 4 5 4 + 5 - _1_1 Lii.

L51_ 242 Procurement Of Major Vehicles & Equipment Sub-Total 248 Computerization Programme Sub-Total 749,125 749,125 500,000 500,000 Total 1,249,125 - - - - - .. 749,125 749,125 500,000 500,000 1,249,125 Fina cial Officer Chief lExecutive Officer 18 SANGRE GRANDE REGIONAL CORPORATION Notes to the Financial Statements For The Year Ended September 30, 2010 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 19 18,900,329 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 2008 $ 2009 $ 2010 $ 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 Payments made to Risk Manangement Services Premium for period 01/01/10 to 31/12/10 = $346,584.98 3/12 x $346,585 = 86,647 Premium for period 29/04/10 to 31/12/10 = $265.00 3/9 x $265.00 = 89 Total prepaid Insurance as at 30/09/10 86,736 $ 86,736 20 $ 2,787,927 8.
Fixed Assets (As at 01.10.09) N.B.V B/F Office Furniture Office Equipment Motor Vehicles Minor Equipment Total 324,658 348,708 2,603,204 684,459 3,961,029 Adjusted NBV B/F 01.10.09 320,239 349,933 2,322,400 597,458 3,590,030 Less: Depreciation N.B.V.
After Depreciation 32,024 69,987 580,600 119,492 802,103 288,215 279,946 1,741,800 477,966 2,787,927 Additions / (Disposals) - - - - - N.B.V C/F (As at 30.09.10) 288,215 279,946 1,741,800 477,966 2,787,927 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 * Figures for the adjusted NBV as at 01.10.09 were used instead of the original brought forward balances, due to an error in the calculation of depreciation for the year 2009.
$ 1,931,957 $ 432,337 9.

Accounts Payable This represents commitments for Goods & Services as at September 30, 2010.

10.

Severance Payable Balance B/F Receipts Payments Balance 2008 2009 2010 Total $ 63,192 $ 247,889 $ $ 311,081 - - - 579,022 579,022 - (457,766) (457,766) 63,192 247,889 121,256 432,337 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 $ 15,050 2007 2008 2009 2010 Total $ 2,060 $ 11,190 $ 1,800 $ $ 15,050 - - - - - - 7,398 7,398 (7,398) (7,398) 2,060 11,190 1,800 - 15,050 Balance B/F Receipts Payments Balance 12.
Refundable Deposits 2007 2008 2009 2010 Total 21 $ 3,200 Balance B/F Receipts Tender Deposit Cash Performance Facilities $ 1,000 - - - Total 1,000 $ $ $ $ 1,000 - - - - - - - - - - - - 14,000 14,000 5,200 5,200 19,200 20,200 2007 2008 2009 2010 Total $ $ $ $ $ Balance B/F - - - Payments Tender Deposit Cash Performance Facilities Total - - - - Balance 1,000 - - - - - - - - - - - - - 14,000 14,000 3,000 3,000 17,000 17,000 2,200 3,200 Balances more than three (3) years old are not shown in this Statement of Position; however, all Deposits can be found in the Deposits notebook/ledger.
13.

Chairman's Fund Balance B/F Releases Received Payments (3,773) 3,000 (2,500) (3,273) $ (3,273) 14.

Uncommitted Fund Balance - Reccurrent 5,932,301 Total Subventions and Revenue Total Recurrent Expenditure Unspent Balance Fund Balance Brought Forward Fund Balance Carried Forward 55,934,455 (58,493,449) (2,558,994) (2,558,994) 8,491,295 5,932,301 15.
Uncommitted Fund Balance - Development Programme 10,628,093 Total Subventions and Revenue Total Development Expenditure Unspent Balance Fund Balance Brought Forward Fund Balance Carried Forward 7,798,304 (3,243,303) 4,555,001 4,555,001 6,073,092 10,628,093 NS MIN r-- it 111111 SIM MO r-- 111111 M- Ell MN 111111 SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables For The Year Ended September 30, 2010 22 NAMES Bal.

B/F 2007 $ - 2008 $ - 2009 $ 2010 $ TOTAL $ 2007 $ 2008 $ - -- - 2009 2010 TOTAL BALANCE .
Rena Ragoobir Juliana Nancoo Dion Ellies Elizabeth Bisnath Cindy Mahase Avigail Thomas - Harmony Maximay Cyril Paponette Claudia Thomas Rohan Baboolal Sasha Chow Nicholas Monroe Kerry Emamdee Crystal Dunmore Cheryl DeVerteuil Dunmore Arnold Douglas Rena Ragoobir Vijayanti Ramnanan Juliana Nancoo Dion Ellies Cindy Mahase Sub - Total 15.58 27.88 70.93 41.82 13.94 98.40 40.18 55.35 10.25 4.92 21.32 2.46 1.64 7.79 3.41 184.00 43.46 22.96 24.60 47.15 19.27 757.31 15.58 27.88 70.93 41.82 13.94 - 98.40 40.18 55.35 10.25 4.92 21.32 2.46 1.64 7.79 3.41 184.00 43.46 22.96 24.60 47.15 19.27 757.31 - - - - - MN 11111 NM NIB NIS NM N- NIS all r- MIN 11111 SIN NMI NM SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables - Cont'd For The Year Ended September 30, 2010 NAMES Bal.
B/F 2007 $ - 2008 $ - 2009 $ - - Avigail Thomas Harmony Maximay Cyril Paponette Rohan Baboolal Sasha Chow Kerry Emamdee Leeanne Dass Leon Baptiste Francis Olivier Clinton J. Sempel Paul Mongolas Rena Ragoobir Juliana Nancoo Dion Ellies Cindy Mahase Avigail Thomas Harmony Maximay Cyril Paponette Rohan Baboolal Sasha Chow Kerry Emamdee Sub - Total - - - 2010 $ 757.31 109.47 33.62 10.66 8.61 16.81 3.28 15.58 184.00 184.00 184.00 105.44 36.90 116.44 46.33 24.19 79.13 55.35 30.75 27.06 30.75 TOTAL $ 757.31 109.47 33.62 10.66 8.61 16.81 3.28 15.58 184.00 184.00 184.00 105.44 36.90 116.44 46.33 24.19 79.13 55.35 30.75 27.06 30.75 2007 $ 2008 $ 2009 $ 2010 $ - -- 757.31 109.47 TOTAL $ 757.31 109.47 _ - - - 4.10 2,063.78 4.10 2,063.78 23 BALANCE $ - - - - - - - - - - - - - - - - - - - - - - - aim am RIB SIN SIMI RIM nil Nil 11111 111111 11111 UM RIM 11111 11111 SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables - Cont'd For The Year Ended September 30, 2010 NAMES Bal.
B/F 2007 $ - 2008 $ - 2009 $ - - Leeanne Dass Claudia Thomas Nicholas Munroe Crystal Dunmore CEO SGRC Clarion Ali Wendell Paul Rena Ragoobir Dion Ellies Sasha Chow Juliana Nancoo Cindy Mahase Cyril Paponette Avigail Thomas Nicholas Munroe Harmony Maximay Kerry Emamdee Leeanne Dass Brian Blake Lorna Primus Reynold Sookdeo Sub - Total - - - 2010 $ 2,063.78 4.10 20.50 2.87 4.10 611.40 184.00 368.00 26.24 41.41 10.66 26.24 22.55 17.22 48.79 4.51 17.22 25.01 9.84 213.00 184.00 920.00 4,825.44 TOTAL $ 2,063.78 4.10 20.50 2.87 4.10 611.40 184.00 368.00 26.24 41.41 10.66 26.24 22.55 17.22 48.79 4.51 17.22 25.01 9.84 213.00 184.00 920.00 4,825.44 2007 $ - 2008 $ - 2009 $ - - - - - 24 TOTAL BALANCE $ 2,063.78 4.10 20.50 2.87 4.10 611.40 184.00 368.00 26.24 41.41 10.66 26.24 22.55 17.22 48.79 4.51 17.22 25.01 9.84 213.00 184.00 920.00 4,825.44 $ - - - - - - - - - - - - - - - - - - - - - - - 2010 $ 2,063.78 4.10 20.50 2.87 4.10 611.40 184.00 368.00 26.24 41.41 10.66 26.24 22.55 17.22 48.79 4.51 17.22 25.01 9.84 213.00 184.00 920.00 4,825.44 MI IMO r- MIN INS RN EN- INS OM NM IRIS VIII- INN OM INN 1111 SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables - Cont'd For The Year Ended September 30, 2010 TOTAL_2007 $ - 2008 $ - 2009 $ - NAMES Bal.
B/F 2007 $ - 2008 $ - 2009 $ - Sewak Baran Ronald Blake Yannick Mahangoo Rena Ragoobir Sasha Chow Cindy Mahase Kerry Emamdee Leeanne Dass Deoram Ramlakhan Ignatius Cassar Kenneth James Sewak Baran Kameel Ali Deobal Beharry Rolfe Minors Cheryl Deverteuil Dunmore CEO SGRC Jennifer De Suze Neil Dial Rupert Dookeran Dana Williams-James Sub - Total - - - 2010 $ 4,825.44 374.88 184.00 2.17 76.67 60.68 125.05 17.63 0.41 250.00 213.00 720.00 159.72 213.00 213.00 30.00 1.55 497.81 184.00 552.00 2,300.00 2,168.75 13,169.76 $ 4,825.44 374.88 184.00 2.17 76.67 60.68 125.05 17.63 0.41 250.00 213.00 720.00 159.72 213.00 213.00 30.00 1.55 497.81 184.00 552.00 2,300.00 2,168.75 13,169.76 - - - 25 TOTAL $ BALANCE $ 4,825.44 374.88 184.00 2.17 76.67 60.68 125.05 17.63 0.41 250.00 213.00 720.00 159.72 213.00 213.00 30.00 1.55 497.81 184.00 552.00 2,300.00 2,168.75 13,169.76 - - - - - - - - - - - - - - - - - - - - - - - 2010 $ 4,825.44 374.88 184.00 2.17 76.67 60.68 ... 125.05 17.63 0.41 250.00 213.00 720.00 159.72 213.00 213.00 30.00 1.55 497.81 184.00 552.00 2,300.00 2,168.75 13,169.76 11111 NMI MI 1111 111111 MN NIS 11111 1111 1E1 NM INS MI 1111 11111 1.111 SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables - Cont'd For The Year Ended September 30, 2010 NAMES Bal.
B/F 2007 $ - 2008 $ - 2009 $ - Soomaroo Mahase Ivan Moore Cecil Dillion Seon Dexter Preddie Waqqab Emamdee Goomatee Abdool Cindy Boodansingh Daniel Hastick Robert Paul Daniel Hastick Martin Rondon Martin Rondon Waqqab Emamdee & Others John Hypolite Kameel Ali & Others Anthony Peters & Others Kameel Ali & Others Jacqueline Jones & Others 2007 $ - 2008 $ - 2009 $ - 2010 $ 13,169.76 2,300.00 2,168.75 2,300.00 2,168.75 2,300.00 2,168.75 2,168.75 184.00 213.00 184.00 979.20 183.00 12,713.46 213.00 2,314.00 10,683.53 1,065.00 8,656.02 TOTAL $ 13,169.76 2,300.00 2,168.75 2,300.00 2,168.75 2,300.00 2,168.75 2,168.75 184.00 213.00 184.00 979.20 183.00 12,713.46 213.00 2,314.00 10,683.53 1,065.00 8,656.02 26 2010 TOTAL BALANCE $ 13,169.76 2,300.00 2,000.00 2,300.00 2,168.75 2,000.00 2,168.75 2,000.00 184.00 213.00 184.00 979.20 183.00 2,029.93 213.00 1,249.00 2,027.51 1,065.00 5,092.87 $ 13,169.76 2,300.00 2,000.00 2,300.00 2,168.75 2,000.00 2,168.75 2,000.00 184.00 213.00 184.00 979.20 183.00 2,029.93 213.00 1,249.00 2,027.51 1,065.00 5,092.87 168.75 300.00 168.75 10,683.53 1,065.00 8,656.02 3,563.15 Total - - - 66,132.97 _ 66,132.97 - - - 41,527.77 41,527.77 24,605.20 MEI NM 1•11 Mil OM III IIIIII1 NEI NEI 1E11 IIIIII MIN RR BIM MIMI MN SUM NE NIB SANGRE GRANDE REGIONAL CORPORATION Accounts Receivables - Other Third Parties For The Year Ended September 30, 2010 2008 2009 2010 TOTAL 2007 2008 2009 2010 TOTAL BALANCE $ $ $ $ $ $ $ $ $ $ 27 - - - - 10 10 360 360 1 90 1 90 - - - - 10 10 360 360 1 90 1 90 - - - - - - NAMES
 Bal.
B/F 2007 $ Nizam Mohammed Nizam Mohammed Nizam Mohammed Nizam Mohammed TOTAL - -- 461 461 - - - 461 461 MN NMI MN MIN Ell NM MIN NEI MN EN INN III NM NMI MN INN INN INN SANGRE GRANDE REGIONAL CORPORATION SUMMARY OF DEPOSITS For The Year Ended September 30, 2010 28 DEPOSITS AMOUNT B/F RECEIPTS $ $ PAYMENTS 1$ BALANCE $ Severance Payable 311,081 579,022 457,766 432,337 Undrawn Wages 15,050 7,398 7,398 15,050 Refundable Deposits Cash Tender Facilities Sub - Total - - - - 14,000 5,200 - 14,000 3,000 - 19,200 17,000 - 2,200 - 2,200 TOTAL 326,131 605,620 482,164 449,587 1,111 IIIIII NEI NM 11•11 MIN INN INN NMI NEI - MIN MN MN NIB SANGRE GRANDE REGIONAL CORPORATION SEVERANCE PAYABLE For The Year Ended September 30, 2010 29 NAMES 2008 $ 2009 $ 2010 $ TOTAL $ 2008 $ 2009 $ 2010 $ Bal.
B/F 63,192 247,889 311,081 - - TOTAL BALANCE $ $ - 311,081 Kamal Mohammed CBIR Robert Thomas Archibald Celestine Rajkumar Jagassar Leorna Twitts Rajendranath Singh Anthony Joseph Fazal Ali Michael P. Lewis Lionel Madoo Virginia Oliviel Michael Thompson Vigil De Verteuil Joseph Ramnarine David Thomas Emil Toussaint Mickey Estrada Eugene Tobias Haraze Maharaj Allister Soopdan _ _ 48,856 - 73,181 3,048 47,772 7,608 51,219 27,741 53,448 15,168 10,955 5,115 39,187 25,838 32,120 _ 22,208 4,515 32,563 33,504 8,204 36,773 48,856 - 73,181 3,048 47,772 7,608 51,219 27,741 53,448 15,168 10,955 5,115 39,187 25,838 32,120 22,208 4,515 32,563 33,504 8,204 36,773 45,190 3,666 73,181 - 3,048 47,772 7,608 51,219 - 53,448 15,168 10,955 5,115 - 25,838 - - 4,515 32,563 33,504 8,204 36,773 45,190 3,666 73,181 3,048 47,772 7,608 51,219 - 53,448 15,168 10,955 5,115 - 25,838 - - 4,515 32,563 33,504 8,204 36,773 3,666 (3,666) - - - - - 27,741 - - - - 39,187 - 32,120 22,208 - - - - - Total 63,192 247,889 579,022 890,103 - - 457,766 457,766 432,337 6111 MIN NM MR RR NM 11111 INN NMI In NM all MIN 11111 r MN NE NIB MN SANGRE GRANDE REGIONAL CORPORATION UNDRAWN WAGES For The Year Ended September 30, 2010 30 NAMES 2007 2008 2009 2010 TOTAL 2007 2008 2009 2010 TOTAL BALANCE Bal.
B/F 2,060 11,190 1,800 15,050 - - - 15,050 $ $ $ $ $ $ $ $ $ $ $ Edmund Rogers Alphonsus Saman Joseph Farfan Joseph Martinez 1,075 1,075 1,825 1,825 1,708 1,708 2,790 2,790 1,075 1,075 1,825 1,825 1,708 1,708 2,790 2,790 - - - - TOTAL 2,060 11,190 1,800 7,398 22,448 - - - 7,398 7,398 15,050 WIN IIIIIII MIN SIM MIS NM INN NISI UM NEI OM INN MIN IIIIII IIIIIII MIN MN 1111111 SANGRE GRANDE REGIONAL CORPORATION REFUNDABLE DEPOSITS - FACILITIES For The Year Ended September 30, 2010 31 NAMES Ba I. B/F 2008 $ 2009 $ - - - Haulage of Logs Sub - Total Total - - - - 2010 TOTAL 2008 2009 2010 TOTAL BALANCE $ $ $ $ $ $ $ - - - - -- - - - - - - - - - - - - _ - - _ - - - - 11111 IMO NEI EN EN 11111 111111 11111 11111 MN 11111 11111 11111 111111 NM 8111 s NMI EN 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, 2010 2008 $ 2009 $ 2010 $ TOTAL $ 2008 $ 2009 $ 2010 $ TOTAL BALANCE $ $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6,500 4,500 1,500 1,500 14,000 6,500 4,500 1,500 1,500 14,000 14,000 14,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6,500 4,500 1,500 1,500 14,000 6,500 4,500 1,500 1,500 14,000 14,000 14,000 32 - - - - - - - - - _ - - _ - - - - - - 1•11 min ausi 111111 MIN NIS 11111 IIIIII 111111 11111 VIII M1111 111111 11111 SANGRE GRANDE REGIONAL CORPORATION TENDER DEPOSITS For The Year Ended September 30, 2010 33 NAMES Bal.
B/F 2008 $ 2009 $ 2010 $ - - TOTAL $ 2008 $ 2009 $ 2010 $ - __ TOTAL BALANCE $ $ - - - 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 200 200 200 200 200 200 200 200 200 200 200 2,200 - - - - ... 200 200 200 200 200 200 200 200 200 200 200 200 - - 200 - - 200 - - 200 - - 200 - - 200 - - 200 - - 200 - - 200 - - -- 200 -- 200 - 2,200 - - 2,200 -- - - -- - - - -- - - - -- - 1,500 1,500 3,000 1,500 1,500 3,000 - -- 5,200 5,200 _ - - - - - - - - - - - 1,500 1,500 3,000 - - _ - 1,500 1,500 3,000 - - - - - - - - _ - 3,000 3,000 2,200 - - - - - SANGRE GRANDE REGIONAL CORPORATION FINANCIAL STATEMENTS For the year ended September 30, 2010