Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698925288812.pdf (Trinidad and Tobago)
OFFICE OF THE AUDITOR GENERAL REPORT OF THE AUDITOR GENERAL ON THE PUBLIC ACCOUNTS OF THE REPUBLIC OF TRINIDAD AND TOBAGO FOR THE FINANCIAL YEAR 2010 (2009 OCTOBER 01 TO 2010 SEPTEMBER 30) 0 Auditor General’s Report 2010 2011 April 28 TABLE OF CONTENTS PAGE/S AUDITOR’S REPORT………………………………………………….………….………3-6 TREASURY STATEMENTS…………………………………………….……………….7-67 CHAPTER 1.

Accounts of the Treasury………………………………………………………..69-108 2.

Accounts of Accounting Officers……………………………………………...111-136 3.
Accounts of Receivers of Revenue…………………………………………….137-144 4.

Accounts of Administering Officers……………………………………….....,.145-159 5.
Payments out of Public Moneys to Members of Parliament………….……….161-164 APPENDICES…………………………………………………………………………165-192 1 Auditor General’s Report 2010 2 Auditor General’s Report 2010 AUDITOR’S REPORT REPORT OF THE AUDITOR GENERAL OF THE REPUBLIC OF TRINIDAD AND TOBAGO ON THE PUBLIC ACCOUNTS OF TRINIDAD AND TOBAGO FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 REPORT ON THE FINANCIAL STATEMENTS Financial Statements of the Public Accounts of Trinidad and Tobago for the financial year ended 2010 September 30 which were received from the Treasury, Accounting Officers, Receivers of Revenue and Administering Officers have been audited.
The Financial Statements received are listed at Appendices 1 to 4.

RESPONSIBILITY OF THE TREASURY, ACCOUNTING OFFICERS, RECEIVERS OF REVENUE AND ADMINISTERING OFFICERS 2.

The Treasury, Accounting Officers, Receivers of Revenue and Administering Officers respectively are responsible for the preparation and fair presentation of these Financial Statements.
This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

AUDITOR’S RESPONSIBILITY 3.


The Auditor General’s responsibility is to audit and report on these Financial Statements in accordance with section 116 (2) and (4) of the Constitution of the Republic of Trinidad and Tobago and section 25 (1) of the Exchequer and Audit Act, Chapter 69:01.

The examination was conducted in accordance with generally accepted Auditing Standards.
Those Standards 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.

It is my view that the audit evidence obtained is sufficient and appropriate to 4. provide a basis for the opinion expressed at paragraph 14 of this Report.

3 Auditor General’s Report 2010 TREASURY STATEMENTS CARICOM PETROLEUM FUND 5.
The CARICOM Petroleum Fund was established in 2006 November to provide relief to CARICOM states in accordance with the criteria agreed between the Heads of Government and the CARICOM Secretariat.

During the financial year, withdrawals from the Fund totalled $74,126,670.00.

6.

Of these, two amounts totalling $35,965,870.00 were not in keeping with the purpose of the Fund as notified.

Paragraphs 1.119 to 1.123 of Chapter 1 of the Report are relevant.
APPROPRIATION ACCOUNTS Appropriation Accounts for the financial year ended 2010 September 30 were 7. received from 11 Accounting Officers after 2011 January 31.

This was contrary to section 24 (1) (b) of the Exchequer and Audit Act, Chapter 69:01.

Details are given at Appendix 2.

8.

The examination of records and documents revealed that in many instances there was non-compliance with Financial Instructions, Financial Regulations and other financial directives.

9.
9.

Some comments pertinent to the examination of the Appropriation Accounts and the supporting records and documents have been included at Chapter 2 of the Report under the respective Heads of Expenditure.

STATEMENTS OF RECEIPTS AND DISBURSEMENTS 10.

Statements of Receipts and Disbursements in respect of the financial year ended 2010 September 30 were received after 2011 January 31 from nine Receivers of Revenue.

Statements had not been received from eight Receivers of Revenue as at 2011 February 28.
The non-submission of Statements of Receipts and Disbursements for the financial year 2010 by 2011 January 31 was contrary to section 24 (1) (c) of the Exchequer and Audit Act, Chapter 69:01.

Details are given at Appendix 3.

Some comments pertinent to the examination of the Statements of Receipts and 11.

Disbursements and the supporting records are given at Chapter 3 of the Report.
4 Auditor General’s Report 2010 ACCOUNTS OF ADMINISTERING OFFICERS Financial Statements in respect of the financial year ended 2010 September 30 12. were received from eight Administering Officers after 2011 January 31.

As at 2011 February 28, Financial Statements had not been received from eight Administering Officers.

The non-submission of Financial Statements for the financial year 2010 by 2011 January 31 was contrary to section 24 (2) (a) and (b) of the Exchequer and Audit Act, Chapter 69:01.
Details are given at Appendix 4.

Comments arising from the examination of the Accounts of Administering 13.

Officers have been included at Chapter 4 of the Report.

OPINION 14.
OPINION 14.

In my opinion, the Financial Statements referred to at paragraph one above are fairly presented and the Statement of Assets and Liabilities, the Statement of Revenue and the Statement of Expenditure present fairly, in all material respects, the assets and liabilities at 2010 September 30 and the revenue and expenditure for the financial year ended 2010 September 30 in accordance with the Cash Basis of Accounting.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS PAYMENTS OUT OF PUBLIC MONEYS TO MEMBERS OF PARLIAMENT 15.

Section 25 (2) of the Exchequer and Audit Act, Chapter 69:01 requires the Auditor General to set out in his annual report all payments made out of public moneys to a member of each House of Parliament (other than the salary and any allowances and any pension paid to him as specified in that section).

Details of these payments are given at Chapter 5 of the Report.
EMPHASIS OF MATTER EXCHEQUER ACCOUNT – ($13,194,288,777.77) The Exchequer Account is the bank account for the Consolidated Fund.

The 16.

Exchequer Account was overdrawn by ($13,194,288,777.77) which was an increase of $2,404,985,386.27 or 22.29% when compared to the previous year’s figure of ($10,789,303,391.50).

5 Auditor General’s Report 2010 SUBMISSION OF REPORT 17.
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 section 116 (4) of the Constitution of the Republic of Trinidad and Tobago.
2011 April 28 SHARMAN OTTLEY AUDITOR GENERAL 6 Auditor General’s Report 2010 TREASURY STATEMENTS The Treasury Statements referenced TS 2 to TS 59 in this document have been reproduced with the permission of the Treasury (A list of the Treasury Statements is given at Appendix I) 7 Auditor General’s Report 2010 8 Auditor General’s Report 2010 TS 1 9 Auditor General’s Report 2010 TS 2 EXCHEQUER ACCOUNT AS AT 2010 SEPTEMBER 30 RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR 2010 Treasury Card balance as at 2009 October 01 (10,789,303,391.50) Add: Receipts into Exchequer Account for 2009 October 01 to 2010 September 30 $ ¢ $ ¢ 2,344,343,544.06 1,420,457,394.75 1,390,399,697.40 2,570,655,263.41 2,887,659,660.74 1,944,128,821.71 9,110,253,342.71 4,184,186,565.22 1,780,208,682.61 4,973,814,721.12 3,084,573,621.39 8,016,917,393.09 October November December January February March April May June July August September 2009 2009 2009 2010 2010 2010 2010 2010 2010 2010 2010 2010 43,707,598,708.21 32,918,295,316.71 Less: Payments from Exchequer Account for 2009 October 01 to 2010 September 30 $ ¢ 2,683,318,981.76 3,270,441,007.00 3,427,609,946.03 3,993,736,912.26 2,237,157,520.01 3,995,237,555.68 3,905,087,454.93 2,994,376,664.44 3,315,547,087.60 4,154,827,524.66 4,259,233,051.63 7,876,010,388.48 October November December January February March April May June July August September 2009 2009 2009 2010 2010 2010 2010 2010 2010 2010 2010 2010 46,112,584,094.48 Treasury Card balance as at 2010 September 30 (13,194,288,777.77) 10
 Auditor General’s Report 2010 TS 3 RECONCILIATION STATEMENT OF THE EXCHEQUER BANK ACCOUNT AS AT 2010 SEPTEMBER 30 $ c $ c $ c Treasury Cash Card Balance as at 2010 September 30 (13,194,288,777.77) Add: Unpaid Cheques current year Balance as at 2010 September 30 1,997,046,761.36 Less: (i) Amount short posted as paid cheques on 1980 June 18 (288.00) (ii) Amount short posted as paid cheques on 1982 April 30 (7,176.74) (7,464.74) Add: Unpaid Cheque Balance as at 2010 September 30 1,997,039,296.62 1,997,039,296.62 (11,197,249,481.15) Add: Outstanding Credits (Appendix A) Short Charges (Appendix B) 0.60 1.68 Debit Adjustment to be made by Central Bank (App.
G) 2,676,981,256.36 2,676,981,258.64 Add: Amount incorrectly transferred from the Treasury Suspense Account to the Exchequer Account instead of the Deposit Bank Account on 2010 June 25 Add: The Cheque listed hereunder was incorrectly cleared under the Infrastructure Development Fund Account instead of the Paymaster Account (8,520,268,222.51) 0.20 0.20 (8,520,268,222.31) AU Cheque No.
Cheque Date Amount 60/701 I00000313 23/09/2008 138.00 138.00 138.00 (8,520,268,084.31) Add: The Amount 4,346,473.17 which represents a Closing Entry Client No.
33150386 dated 2010 July 30 was twice credited on 2010 July 30 and 2010 August 06 respectively 4,346,473.17 4,346,473.17 (8,515,921,611.14) 11 Auditor General’s Report 2010 TS 4 12 Auditor General’s Report 2010 TS 5 RECONCILIATION STATEMENT OF THE EXCHEQUER BANK ACCOUNT AS AT 2010 SEPTEMBER 30 APPENDIX A: APPENDIX B: OUTSTANDING CREDITS: SHORT CHARGES: December TOTAL: $ c 1982 0.60 0.60 December 30th April 4th February TOTAL: $ c 1972 0.60 1979 0.08 1980 1.00 1.68 APPENDIX C: APPENDIX D: OVERCHARGES: OUTSTANDING DEBITS: $ c $ c January 1975 294.26 June TOTAL: 30th September 1982 300.00 1977 0.02 0.02 March TOTAL: 1979 0.03 594.29 APPENDIX E: APPENDIX F: OVERPOSTING BY CENTRAL BANK: AMOUNT POSTED TO TREASURY CARD BUT NOT REFLECTED ON SUMMARY PAID CHEQUES FOR: 10th September TOTAL: $ c 1977 10.00 10.00 $ c 29th September 1978 0.08 30th October TOTAL 1978 0.01 0.09 13 Auditor General’s Report 2010 TS 6 DEBIT ADJUSTMENT TO BE MADE BY CENTRAL BANK APPENDIX G: DATE July 31 AMOUNT REMARKS 18,786,955.16 OSM Transfers 404,982,897.05 IDA Run I Transfers August 31 21,528,560.24 OSM Transfers 324,809,812.69 IDA Run 2 Transfers 5,364,665.14 Closing Entries Transfers September 30 8,915.23 20,231.20 29,600.84 369,245.99 1,675.01 2,861.22 900.00 13,703,686.88 Cash Transaction #88 Cash Transaction #87 Cash Transaction #89 Cash Transaction #90 Cash Transaction #95 IDA Run 10 Transfers Cash Transaction #99 IDA Run II Transfers 44,016,505.32 OSM Transfers 636,288,713.46 IDA Run 5 Transfers 3,843,453.82 227.56 12.73 OSM Transfers
 OSM Transfers OSM Transfers 1,137,487,538.34 IDA Run 13 Transfers 62,129,424.66 Cash Transaction #120 2,382,984.80 1,222,389.02 2,676,981,256.36 IDA Run 15 IDA Run 16 14 Auditor General’s Report 2010 CREDIT ADJUSTMENT TO BE MADE BY CENTRAL BANK APPENDIX H: TS 7 AMOUNT REMARKS DATE July 31 August 31 September 30 50.00 924,304.05 31,322,785.88 1,697,143.81 9,102.62 45,310,476.36 176,161,273.79 121,781,758.59 496,037.48 15,594,792.53 2,500.00 31,359,010.84 746,763,355.98 127,504,730.84 500,000.00
C.A.S.T Supplemental Tobago IDA Run I Transfers Closing Entries Transfers Closing Entries Transfers DRS 2nd Period DRS 3rd Period DRS 4th Period Tobago IDA Run I Transfers Closing Entries Transfers COA 29.09.10 Shift I Transfers Shift 2 Transfers Cash Transaction #67 Shift 3 Transfer DRS 1st Period DRS 2nd Period DRS 3rd Period DRS 4th Period Tobago Cash Transaction #86 OSM Transfer IDA Run 3 Transfers Closing Entries Transfers Closing Entries Transfers IDA Run 4 Transfrs IDA Run I Transfers IDA Run 2 Transfers IDA Run 6 Transfer Cash Transaction #93 IDA Run 7 Transfers IDA Run 8 Transfer IDA Run 9 Transfer Cash Transaction #101 Cash Transaction #91 Osm Transfer Cash Transaction #100 Cash Transaction #107 OSM Transfer OSM Transfer OSM Transfer OSM Transfer OSM Transfer IDA Run 14 Transfer 15 Auditor General’s Report 2010 TS 8 SUMMARY TOTAL OF PUBLIC DEBT AS AT 2010 SEPTEMBER 30 $ .¢ (a) Local Loans 19,233,070,321.73 (b) External Loans 8,728,909,436.27 (c) Loans Serviced under Head 18 27,961,979,758.00 4,299,635,244.60 32,261,615,002.60 16 Auditor General’s Report 2010 (A) LOCAL LOANS SUMMARY STATEMENT OF THE
 PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 LEGAL AUTHORITY AMOUNT AUTHORISED TO BE RAISED PRESENT DEBT TS 9 (i) Local Loan Ordinance 15 of 1920 (Chapter 222) (ii) War Loan Ordinance 3 of 1941 Amendment 2 of 1943 Amendment 4 of 1944 (iii) Trinidad Electricity Board (Loan) Ordinances 27 of 1941 and 23 of 1942 (iv) Slum Clearance and Housing (Loan) Ordinance 30 of 1944 (v) Economic Programme (Loan) Ordinances 36 of 1956 and 18 of 1959 (vi) Government Savings Bonds Act Chapter 71:41 Legal
 Notice #33/87 (vii) Treasury Bills Act Chapter 71:40 Legal Notice #35/87 Legal Notice #26/03 Legal Notice #182/06 (viii) Independence Development Loans Act Chapter 71:03 (ix) Development Loans (Amendment) Act Chapter 71:04 Act # 29/94 Legal Notice #15/00 Legal Notice #27/03 Legal Notice #148/08 (x) Public Sector Arrears of Emoluments Act No.7 of 1995 (xi) Treasury Notes Act.
No.14 of 1995 Legal Notice #25/03 Legal Notice #182A/06 $ ¢ £1,000,000.00 converted at $4.80 4,800,000.00 7,000,000.00 2,100,000.00 5,000,000.00 63,500,000.00 500,000,000.00 15,000,000,000.00 Amount not specified 20,000,000,000.00 (External and Local) 2,000,000,000.00 5,000,000,000.00 TOTAL 17 Auditor General’s Report 2010 $ ¢ 480.00 18,992.00 1,056.00 30,144.00 67,900.00 1,818,868.35 800,000,000.00 0.00 18,239,037,143.38 9,095,738.00 183,000,000.00 19,233,070,321.73 (B) EXTERNAL LOANS SUMMARY STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 LEGAL AUTHORITY AMOUNT AUTHORISED TO BE RAISED PRESENT DEBT TS 10 (i) Independence Development Loans Act ACT 6 of 1964 Amended 21 OF 1981 Chapter 71:03 (ii) External Loans Act ACT 31 of 1967 Chapter 71:05 Legal Notice #111/93 (iiI) National Development (International Bank for Reconstruction and Development) Loans Act ACT 2 of 1967 Chapter 71:06 (iv) National Development (Inter-American Development Bank) Loans Act ACT 32 of 1967 Chapter 71:07 (v) Water and Sewarage Act ACT 16 of 1965 Chapter 54:40 $ c Amount not specified $ c 1,680,175.20 9,000,000,000.00 6,372,569,997.11 Amount not specified 128,398,680.44 Amount not specified 2,220,470,966.95 Amount not specified 5,789,616.57 TOTAL 8,728,909,436.27 18 Auditor General’s Report 2010 TS 11 SUMMARY OF LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TO WHOM MADE LOANS ISSUED AMOUNT REPAID/ WRITTEN OFF BALANCE OUTSTANDING AS AT 2010 SEPTEMBER 30
 OTHER GOVERNMENTS 197,098,826.14 4,150,126.71 192,948,699.43 OTHERS 146,549,591.33 31,976,272.41 114,573,318.92 STATUTORY BODIES 1,507,797,057.75 1,778,381.96 1,506,018,675.79 TOTAL 1,851,445,475.22 37,904,781.08 1,813,540,694.14 19 Auditor General’s Report 2010 TS 12 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TO WHOM MADE AMOUNT DATE AUTHORITY REPAID/ BALANCE REMARKS TOTAL AMOUNT OF LOAN WRITTEN OFF OUTSTANDING AS AT 2010.09.30 AS AT 2010.09.30 OTHER GOVERNMENTS $ ¢ 197,098,826.14 $ ¢ $ ¢ 4,150,126.71 192,948,699.43 GOVERNMENT OF BELIZE 250,000.00 1975 Dec. 4th S.G.W.
250,000.00 0.00 Repaid in Full on 2010 June 14 1975 GOVERNMENT OF GRENADA 103,938,450.00 2005 Dec. Finance & Audit 0.00 103,938,450.00 Bond to be repaid at par in equal semi-annual (Amendment) Act No.

37 of 2000 instalments on February 28 and August 31 commencing 2011 February 28.

Interest chargeable at 2% per annum.

GOVERNMENT OF DOMINICA 23,279,259.24 2006 Aug.

Cabinet Minute 0.00 23,279,259.24 Terms and conditions of repayment to be determined.
#2738 dated 2004.09.30 GOVERNMENT OF BARBADOS EC Loan Agreement EC EC Interest-free loan to be repaid over ten (10) years with a 4,167,000.00 dd 2004.03.15 1,666,800.00 2,500,200.00 moratorium of five (5) years.

Semi-annual instalments of TT 9,837,036.90 Cabinet Minute TT TT EC $ 416,700 due on June 30 and December 31 #948 of 2003 dd 2003.04.17 3,900,126.71 5,936,910.19 Principal repayment with effect from 2008 December 31.
CARRIED FORWARD 137,304,746.14 4,150,126.71 133,154,619.43 20 Auditor General’s Report 2010 TO WHOM MADE BROUGHT FORWARD AMOUNT OF LOAN $ ¢ 137,304,746.14 GOVERNMENT OF ANTIGUA AND BARBUDA EC 4,100,000.00 TT 9,720,743.00 EC 5,700,000.00 TT 13,444,020.00 EC 5,700,000.00 TT 13,583,100.00 TOTAL: GOVERNMENT OF ANTIGUA AND BARBUDA 36,747,863.00 GOVERNMENT OF ST. VINCENT AND THE GRENADINES EC TT 4,050,000.00 9,602,197.00 EC 5,700,000.00 TT 13,444,020.00 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 DATE AUTHORITY TOTAL AMOUNT REPAID/ WRITTEN OFF AS AT 2010.09.30 BALANCE OUTSTANDING AS AT 2010.09.30 $ ¢ 4,150,126.71 $ ¢ 133,154,619.43 REMARKS TS 13 Cabinet Minute #948 of 2003 dd 2003.04.17 Loan Agreement dd 2004.09.27 Cabinet Minute # 960 of 2004 2004.04.06 Loan Agreement dd 2005.01.19 Cabinet Minute # 960 of 2004 dd 2004.04.06 & #1764 of 2005 dd 2005.07.07 Loan Agreement dd 2003.09.09 Cabinet Minute #948 of 2003 dd 2003.04.17 Loan Agreement dd 2004.09.27 Cabinet Minute # 960 of 2004 2004.04.06 EC TT EC TT EC TT EC TT EC TT EC 0.00 4,100,000.00 TT Interest-free loan to be repaid over ten (10) years with a moratorium of five (5) years.
Semi-annual instalments of EC $ 410,000 due on June 30 and December 31 0.00 9,720,743.00 Principal repayment with effect from 2008 December 31.

0.00 EC TT Interest-free loan to be repaid over ten (10) years with a 5,700,000.00 moratorium of five (5) years.

Semi-annual instalments of EC $ 570,000 due on June 30 and December 31 0.00 13,444,020.00 Principal repayment with effect from 2009 December 31.

EC Interest-free loan to be repaid over ten (10) years with a moratorium of five (5) years.
Semi-annual instalments of EC $ 570,000 due on June 30 and December 31 0.00 5,700,000.00 Principal repayment with effect from 2010 June 30.

TT 0.00 13,583,100.00 0.00 36,747,863.00 EC 0.00 4,050,000.00 TT Interest-free loan to be repaid over ten (10) years with a moratorium of five (5) years.

Semi-annual instalments of EC $ 405,000 due on June 30 and December 31 0.00 9,602,197.00 Principal repayment with effect from 2008 December 31.
EC 0.00 5,700,000.00 TT Interest-free loan to be repaid over ten (10) years with a moratorium of five (5) years.

Semi-annual instalments of EC $ 570,000 due on June 30 and December 31 0.00 13,444,020.00 Principal repayment with effect from 2009 December 31.
TOTAL: GOVERNMENT OF ST.VINCENT AND THE GRENADINES 23,046,217.00 0.00 23,046,217.00 CARRIED FORWARD 197,098,826.14 4,150,126.71 192,948,699.43 21 Auditor General’s Report 2010 TS 14 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TO WHOM MADE AMOUNT OF LOAN DATE AUTHORITY TOTAL AMOUNT REPAID/ WRITTEN OFF AS AT 2010.09.30 BALANCE OUTSTANDING AS AT 2010.09.30 REMARKS BROUGHT FORWARD 197,098,826.14 4,150,126.71 192,948,699.43 $ ¢ $ ¢ $ ¢ OTHERS 146,549,591.33 31,976,272.41 114,573,318.92 NATIONAL ENERGY SKILLS CENTRE 42,718,239.20 Loan Agreement dated 7.11.00 dd 2000.11.07 0.00 42,718,239.20 Loan amount US$7.54Mn.
Drawdown as at 2007.09.30 : US$7,122,347.85, Euro 9,477.22 and TT$ 1,368,475.55 To bear interest at the rate of 7% per annum.

Principal repayment with effect from 2004 December 15 42,718,239.20 0.00 42,718,239.20 TT POST 71,838,735.07 Loan Agreement dd 1999.06.14 0.00 71,838,735.07 Loan Amount US$14,850,000.

Revised to US$11,450,000.

Drawdown as at 2007.09.30 : US$11,450,000.00 Principal and Interest to be paid on 15th Dec. and 15th June.
Principal repayment commenced 2004 December 15 71,838,735.07 0.00 71,838,735.07 TRINITY CATHEDRAL 250,000.00 1991 Sept. Cab.

Min.

#2879 dated1983.01.06 233,655.35 16,344.65 Loan to be repaid over a period of twenty (20) yrs, at forty (40) semi-annual instalments with effect from 24th January, 1992.

250,000.00 233,655.35 16,344.65 SUGAR MANUFACTURING COMPANY LIMITED 31,742,617.06 2005 May 21 2006 April 21 Cab.

Min.
#444 dated 2004.02.12 31,742,617.06 0.00 Loan Repaid in full on 2010 September 30 31,742,617.06 31,742,617.06 0.00 CARRIED FORWARD 343,648,417.47 36,126,399.12 307,522,018.35 22 Auditor General’s Report 2010 TS 15 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TO WHOM MADE AMOUNT OF LOAN DATE AUTHORITY TOTAL AMOUNT REPAID/ WRITTEN OFF AS AT 2010.09.30 BALANCE OUTSTANDING AS AT 2010.09.30 REMARKS BROUGHT FORWARD 343,648,417.47 36,126,399.12 307,522,018.35 $ ¢ $ ¢ $ ¢ STATUTORY BODIES: 1,507,797,057.75 1,778,381.96 1,506,018,675.79 TRINIDAD & TOBAGO ELECTRICITY COMMISSION 121,924,474.17 2005 282,367,269.00 2006 Warrant #1 of 2005 dated 2005.06.25 Cabinet Minute #2456 dated 2005.09.22 0.00 121,924,474.17 Terms and conditions of repayment to be determined.
.

0.00 282,367,269.00 Terms and conditions of repayment to be determined.

TOTAL: TRINIDAD & TOBAGO ELECTRICITY COMMISSION 404,291,743.17 0.00 404,291,743.17 PORT AUTHORITY OF TRINIDAD AND TOBAGO 13,897,489.58 1969-1974 3rd S.G.W.

1974 1,778,381.96 12,119,107.62 Loans to be converted to equity vide Cabinet Minute No.

262,320.00 1975 Dec. 4th S.G.W.

1975 0.00 262,320.00 270 (2nd Session) dated 2002 December 05 -do- 3,600,000.00 1975 Dec. 4th S.G.W.
1975 0.00 3,600,000.00 -do- 2,922,000.00 1975 Dec. 4th S.G.W.

1975 0.00 2,922,000.00 -do- 8,324,777.00 1976 Exp.

Est., 1976 0.00 8,324,777.00 -do- 25,085,810.00 1976 Dec. 5th S.G.W.1976 Warrants 5, 21, 29, 36 & 38 of 1976 0.00 25,085,810.00 -do- 39,238,491.00 1977 Exp.
Est., 1977 0.00 39,238,491.00 -do- 93,330,887.58 1,778,381.96 91,552,505.62 CARRIED FORWARD 841,271,048.22 36,126,399.12 307,522,018.35 23 Auditor General’s Report 2010 TS 16 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TO WHOM MADE AMOUNT OF LOAN DATE AUTHORITY TOTAL AMOUNT REPAID/ WRITTEN OFF AS AT 2010.09.30 BALANCE OUTSTANDING AS AT 2010.09.30 REMARKS $ ¢ $ ¢ $ ¢ BROUGHT FORWARD 841,271,048.22 36,126,399.12 307,522,018.35 STATUTORY BODIES (CONT'D) PORT AUTHORITY OF TRINIDAD AND TOBAGO (CONT'D) 34,008,909.00 1978 Exp.
Est., 1978 0.00 34,008,909.00 Loans to be converted to equity vide Cabinet Minute No.

116,966,822.00 1979 Exp.

Est., 1979 0.00 116,966,822.00 270 (2nd Session) dated 2002/12/05 refer.

-do- 86,628,572.00 1980 Exp.

Est., 1980 0.00 86,628,572.00 -do- 107,521,886.00 1981 Exp.

Est., 1981 0.00 107,521,886.00 -do- 102,086,964.00 1982 Exp.

Est., 1982 0.00 102,086,964.00 -do- 263,719,897.00 1983 Exp.

Est., 1983 0.00 263,719,897.00 -do- 104,984,288.00 1984 Exp.
Est., 1984 0.00 104,984,288.00 -do- 120,647,359.00 1985 Exp.

Est., 1985 0.00 120,647,359.00 -do- 66,509,730.00 1986 Exp.

Est., 1986 0.00 66,509,730.00 -do- 7,100,000.00 1987 Exp.
Est., 1987 0.00 7,100,000.00 -do- TOTAL: PORT AUTHORITY OF TRINIDAD & TOBAGO 1,010,174,427.00 0.00 1,010,174,427.00 TOTAL: 1,851,445,475.22 37,904,781.08 1,813,540,694.14 24 Auditor General’s Report 2010 STATEMENT OF REVENUE FOR THE FINANCIAL YEAR 2010 TS 17 HEADS OF REVENUE TAX REVENUE APPROVED ESTIMATES FINANCIAL YEAR 2010 REVISED ESTIMATES FINANCIAL YEAR 2010 $ ¢ $ ¢ ACTUAL REVENUE FINANCIAL YEAR 2010 $ ¢ ACTUAL ACTUAL (LESS)/MORE (LESS)/MORE THAN ORIGINAL THAN REVISED ESTIMATES ESTIMATES $ ¢ $ ¢ 01.
TAXES ON INCOME AND PROFITS 20,055,614,000.00 25,308,970,000.00 26,224,302,208.20 6,168,688,208.20 915,332,208.20 02.

TAXES ON PROPERTY 325,000,000.00 23,976,000.00 22,140,484.20 (302,859,515.80) (1,835,515.80) 03.

TAXES ON GOODS AND SERVICES 8,140,020,970.00 7,056,192,160.00 7,436,766,767.72 (703,254,202.28) 380,574,607.72 04.

TAXES ON INTERNATIONAL TRADE 2,002,374,175.00 1,650,046,500.00 1,905,479,524.39 (96,894,650.61) 255,433,024.39 05.
OTHER TAXES 180,500,000.00 170,000,000.00 171,557,489.13 (8,942,510.87) 1,557,489.13 TOTAL TAX REVENUE 30,703,509,145.00 34,209,184,660.00 35,760,246,473.64 5,056,737,328.64 1,551,061,813.64 NON-TAX REVENUE 06.

PROPERTY INCOME 4,573,131,298.00 5,200,843,980.00 5,026,487,843.65 453,356,545.65 (174,356,136.35) 07.

OTHER NON-TAX REVENUE 637,947,750.00 1,374,737,240.00 1,481,788,489.20 843,840,739.20 107,051,249.20 08.
REPAYMENT OF PAST LENDING 19,277,130.00 14,997,300.00 29,692,029.84 10,414,899.84 14,694,729.84 TOTAL NON-TAX REVENUE 5,230,356,178.00 6,590,578,520.00 6,537,968,362.69 1,307,612,184.69 (52,610,157.31) SUB-TOTAL 35,933,865,323.00 40,799,763,180.00 42,298,214,836.33 6,364,349,513.33 1,498,451,656.33 CAPITAL RECEIPTS 09.
CAPITAL REVENUE 22,365,350.00 51,515,350.00 230,903,659.10 208,538,309.10 179,388,309.10 TOTAL CAPITAL RECEIPTS 22,365,350.00 51,515,350.00 230,903,659.10 208,538,309.10 179,388,309.10 SUB-TOTAL 35,956,230,673.00 40,851,278,530.00 42,529,118,495.43 6,572,887,822.43 1,677,839,965.43 FINANCING 10.
BORROWING 4,793,810,000.00 4,793,810,000.00 1,141,971,121.67 (3,651,838,878.33) (3,651,838,878.33) TOTAL FINANCING GRAND TOTAL 4,793,810,000.00 4,793,810,000.00 1,141,971,121.67 (3,651,838,878.33) (3,651,838,878.33) 40,750,040,673.00 45,645,088,530.00 43,671,089,617.10 2,921,048,944.10 (1,973,998,912.90) 25 Auditor General’s Report 2010 STATEMENT OF EXPENDITURE FOR THE FINANCIAL YEAR 2010 TS 18 ORIGINAL SUPPLEMENTARY TOTAL APPROVED ACTUAL VARIANCE HEAD OF EXPENDITURE ESTIMATES ESTIMATES AND ESTIMATES EXPENDITURE FINANCIAL YEAR 2010 TRANSFERS FINANCIAL YEAR 2010 FINANCIAL YEAR 2010 LESS THAN ESTIMATES MORE THAN ESTIMATES $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ 01 - President 02 - Auditor General 03 - Judiciary 04 - Industrial Court 05 - Parliament 06 - Service Commissions 07 - Statutory Authorities' Service Commission 08 - Elections and Boundaries Commission 09 - Tax Appeal Board 11 - Registration, Recognition and Certification Board 12 - Public Service Appeal Board 13 - Office of The Prime Minister 15 - Tobago House of Assembly 16 - Central Administrative Services, Tobago 17 - Personnel Department 18 - Ministry of Finance 78,565,900.00
(6,005,400.00) 9,755,100.00 7,824,453.97 1,000.00 41,667,180.00 33,005,272.22 5,682,622,000.00 3,847,065,233.00 9,529,687,233.00 8,822,243,461.13 707,443,771.87 19 - Charges on
 Account of the Public Debt 20 - Pensions and Gratuities 6,158,696,120.00 2,226,475,000.00 0.00 0.00 6,158,696,120.00 4,755,456,318.12 1,403,239,801.88 2,226,475,000.00 1,858,567,231.17 367,907,768.83 21 - Ministry of Planning, Housing and the Environment 560,777,400.00 (150,078,585.00) 410,698,815.00 362,452,545.67 48,246,269.33 22 - Ministry of National Security 23 - Ministry of the Attorney General 24 - Ministry of Legal Affairs 4,742,834,850.00 58,726,210.00 4,801,561,060.00 4,637,331,030.61 164,230,029.39 181,259,300.00 113,829,600.00 1,700,000.00 182,959,300.00 154,433,793.32 (4,502,900.00) 109,326,700.00 100,571,052.73 25 - Ministry of Food Production, Land and Marine Affairs 719,439,598.00 (31,618,700.00) 687,820,898.00 609,131,918.19 (formerly Ministry of Agriculture, Land and Marine Resources) 26 - Ministry of Education 3,437,851,967.00 0.00 3,437,851,967.00 3,354,175,947.35 83,676,019.65 CARRIED FORWARD 26,797,201,995.00 3,780,692,145.00 30,577,894,140.00 27,530,744,731.06 3,047,149,408.94 26 Auditor General’s Report HEAD OF EXPENDITURE BROUGHT FORWARD 28 - Ministry of Health 30 - Ministry of Labour and Small and Micro Enterprise
 Development 31 - Ministry of Public Administration 35 - Ministry of Culture and Tourism 37 - Integrity Commission 38 - Environmental Commission 39 - Ministry of Public Utilites and the Environment 40 - Ministry of Energy and Energy Affairs (formerly Ministry of Energy and Energy Industries) 42 - Ministry of Local Government 43 - Ministry of Works and Transport 46 - Ministry of Sport and Youth Affairs 47 - Ministry of Foreign Affairs 48 - Ministry of Trade and Industry 54 - Ministry of Science, Technology and
 Tertiary Education 55 - Ministry of Community Development, Culture and Gender Affairs 56 - Ministry of the People and Social Development (formerly Ministry of Social Development) 57 - Ministry of Information 58 - Ministry of Justice 59 - Ministry of Tobago Development 60 - Ministry of Planning, Economic and Social Restructuring and Gender Affairs 61 - Ministry of Housing and the Environment 62 - Ministry of Community Development 63 - Ministry of the Arts and Multiculturalism STATEMENT OF EXPENDITURE FOR THE FINANCIAL YEAR 2010 ORIGINAL ESTIMATES FINANCIAL YEAR 2010 $ ¢ 26,797,201,995.00 SUPPLEMENTARY ESTIMATES AND TRANSFERS $ ¢ 3,780,692,145.00 TOTAL APPROVED ESTIMATES FINANCIAL YEAR 2010 $ ¢ 30,577,894,140.00 ACTUAL EXPENDITURE FINANCIAL YEAR 2010 $ ¢ 27,530,744,731.06 TS 19 VARIANCE LESS THAN ESTIMATES MORE THAN ESTIMATES $ ¢ $ ¢ 3,047,149,408.94 3,585,321,200.00 179,170,300.00 101,000.00 5,450,700.00 3,585,422,200.00 184,621,000.00 3,489,486,232.43 157,527,955.76 95,935,967.57 27,093,044.24 1,321,767,000.00 185,868,150.00 21,049,900.00 8,877,600.00 2,534,483,500.00 1,091,958,420.00 1,790,719,147.00 2,100,254,900.00 328,035,600.00 481,906,389.00 138,952,410.00 2,310,536,177.00 (129,292,172.00) 0.00 0.00 563,000.00 (10,585,600.00) 0.00 1,192,474,828.00 185,868,150.00 21,049,900.00 9,440,600.00 2,523,897,900.00 1,091,958,420.00 891,293,383.55 155,441,238.06 12,702,659.22 7,553,610.79 2,462,194,556.92 1,058,074,239.27 (72,250,000.00) 62,129,425.00 0.00 0.00 0.00
(72,250,000.00) (80,508,980.00) 289,502,620.00 265,574,690.90 23,927,929.10 2,436,542,510.00 356,042,195.00 2,792,584,705.00 2,696,032,540.54
 96,552,164.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 281,946,350.00 0.00 0.00 0.00 (75,621,900.00) TOTAL 45,964,603,148.00 4,274,104,878.00 50,238,708,026.00 46,112,566,298.62 4,126,299,275.71 157,548.33 27 Auditor General’s Report 2010 LOANS OR CREDITS GUARANTEED BY THE STATE AS AT 2010 SEPTEMBER 30 TS 20 LENDING AGENCY AMOUNT GUARANTEED BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 STATE ENTERPRISE / STATUTORY BOARD Economic Management Division Airports Authority of Trinidad and Tobago Citicorp Merchant Bank Limited $300Mn 300,000,000.00 300,000,000.00 300,000,000.00 Republic Finance and Merchant Bank $300Mn Republic Finance and Merchant Bank 379.3Mn Trinidad and Tobago Unit Trust Corporation $129,121,531 Dresdner Bank AG US$26,276,424.00 First Citizens Bank - Fixed Rate Bond Issue 2001 - 2011 TT$ 150Mn.
Citicorp Fixed Rate Bond Issue 2004-2019 -TT340.4Mn.

US Fixed Rate Bond Issue 2007-2017 - US$66.5Mn.
300,000,000.00 210,000,000.00 190,000,000.00 426,669,792.00 167,491,597.00 132,934,507.00 129,121,531.50 82,770,212.50 76,148,596.00 165,541,471.20 33,484,572.63 16,723,102.00 1,321,332,794.70 793,746,382.13 715,806,205.00 150,000,000.00 33,333,333.33 16,666,672.00 340,400,000.00 224,312,644.00 201,095,168.00 420,712,250.00 317,783,550.00 275,096,868.00 911,112,250.00 575,429,527.33 492,858,708.00 Port Authority of Trinidad and Tobago Public Transport Service Corporation Citicorp - $40Mn.
Bond 40,000,000.00 1,176,470.59 0.00 Fincor - $75.3Mn.

Bond plus interest capitalised 95,509,423.00 21,224,303.36 15,918,240.00 Citicorp - $130.1Mn.
Bond 185,240,039.06 45,258,318.29 40,948,003.00 First Citizen Bank Ltd TT$93,645,285.79 93,645,285.79 68,673,209.55 62,430,190.00 Regional Health Authorities Scotia Trust & Merchant Bank (T&T) Limited TT$121,384,503 Citibank (T & T) Limited TT$ 55,000,000 414,394,747.85 136,332,301.79 119,296,433.00 121,384,503.00 26,010,964.94 8,670,322.00 55,000,000.00 15,714,285.71 7,857,143.00 176,384,503.00 41,725,250.65 16,527,465.00 28 Auditor General’s Report 2010 STATE ENTERPRISE / STATUTORY BOARD The University of the West Indies Water and Sewerage Authority LOANS OR CREDITS GUARANTEED BY THE STATE AS AT 2010 SEPTEMBER 30 LENDING AGENCY AMOUNT GUARANTEED BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 TS 21 I.A.D.B.
US$ 22,930,537.00 145,070,042.33 69,884,842.94 69,997,600.81 U.S. AID US$3,870,000 24,483,555.00 8,609,987.68 7,576,520.95 EDF €1,640,246 15,056,474.13 10,616,296.22 11,224,656.47 184,610,071.46 89,111,126.84 88,798,778.23 First Citizens, Trust and Asset Management Limited TT$ 55Mn Republic Finance and Merchant Bank Limited TT$ 50Mn Republic Finance and Merchant Bank Limited - $78.6Mn.

Plus capitalised interest RBTT Merchant Bank Limited - $300Mn.
Plus capitalised Interest Republic Finance and Merchant Bank Limited - $343Mn.

Plus capitalised interest Republic Finance and Merchant Bank Limited - $330Mn.

Plus capitalised interest Citicorp Merchant Bank – $413Mn.

Plus capitalised interest Republic Finance and Merchant Bank Limited - $271.4Mn.
Plus capitalised interest 55,000,000.00 22,636,560.00 18,591,130.00 50,000,000.00 50,000,000.00 50,000,000.00 99,695,097.00 22,154,474.00 16,615,857.00 354,782,658.00 354,782,658.00 354,782,658.00 403,364,940.00 403,364,940.00 383,196,693.00 461,663,500.00 384,719,346.00 353,941,684.00 471,641,641.00 377,313,313.00 282,984,985.00 296,974,125.00 168,009,520.00 142,161,900.00 Citicorp Merchant Bank 145Mn 153,606,557.00 109,718,969.10 98,747,072.00 Republic Finance and Merchant Bank Limited $500Mn Central Bank of Trinidad and Tobago $420Mn Central Bank of Trinidad and Tobago $360Mn 500,000,000.00 387,500,000.00 362,500,000.00 432,220,000.00 432,220,000.00 432,220,000.00 360,000,000.00 252,000,000.00 216,000,000.00 CBTT - TT$300Mn FRB 2014 300,000,000.00 300,000,000.00 300,000,000.00 3,938,948,518.00 3,264,419,780.10 3,011,741,979.00 29 Auditor General’s Report 2010 LOANS OR CREDITS GUARANTEED BY THE STATE AS AT 2010 SEPTEMBER 30 TS 22 STATE ENTERPRISE / STATUTORY BOARD LENDING AGENCY AMOUNT GUARANTEED BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 Trinidad and Tobago Electricity Commission Republic Finance and Merchant Bank $200Mn 200,000,000.00 16,728,498.00 5,576,164.00 Housing Development Company Royal Merchant Bank and Finance Company Limited $500Mn 714,292,720.00 483,198,016.00 441,180,798.00 USD 76Mn.
- 478.8 Mn.
478,800,000.00 489,165,005.03 479,152,917.00 1,393,092,720.00 989,091,519.03 925,909,879.00 CBTT Bond TT306Mn CBTT Bond TT600.Mn CBTT Bond TT475.Mn CBTT Bond TT700.Mn CBTT Bond TT$500Mn 306,000,000.00 600,000,000.00 475,000,000.00 700,000,000.00 500,000,000.00 306,000,000.00 600,000,000.00 475,000,000.00 700,000,000.00 500,000,000.00 306,000,000.00 600,000,000.00 475,000,000.00 700,000,000.00 500,000,000.00 2,581,000,000.00 2,581,000,000.00 2,581,000,000.00 10,920,875,605.01 8,470,855,887.87 7,951,939,447.23 Total EMD Investments Export Import Bank of Trinidad and Tobago Scotiabank - Line of Credit (Revolving) TT$44,680,000 44,680,000.00 41,752,000.00 44,680,000.00 41,752,000.00 National Maintenance Training and Security Company Limited Republic Bank Limited - Overdraft facility 4.3Mn 4,300,000.00 4,300,000.00 0.00 0.00 Petroleum Company of Trinidad and Tobago Limited Caribbean Development Bank US$18Mn 74,668,528.04 6,851,078.38 74,668,528.04 6,851,078.38 0.00 0.00 0.00 0.00 0.00 0.00 Taurus Services Limited Agricultural Development Bank of Trinidad and Tobago Limited $61.5Mn 61,500,000.00 11,500,000.00 9,625,000.00 61,500,000.00 11,500,000.00 9,625,000.00 Urban Development Corporation Trinidad and Tobago Limited First Citizens Bank TT$ 497,342,684 497,342,684.00 First Citizens Bank TT$ 320Mn 320,000,000.00 817,342,684.00 0.00 0.00 0.00 497,342,684.00 320,959,485.00 818,302,169.00 30 Auditor General’s Report 2010 LOANS OR CREDITS GUARANTEED BY THE STATE AS AT 2010 SEPTEMBER 30 TS 23 STATE ENTERPRISE / STATUTORY
 BOARD Trinidad and Tobago Mortgage Finance Company Limited LENDING AGENCY AMOUNT GUARANTEED BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 Mercantile Bond Issue $100Mn 100,000,000.00 100,000,000.00 100,000,000.00 National Insurance Board $200Mn 200,000,000.00 110,000,000.00 100,000,000.00 300,000,000.00 210,000,000.00 200,000,000.00 National Insurance Property Development Company Limited TT$ 500,000,000 6.25% Fixed Rate Bond 2028 500,000,000.00 0.00 500,000,000.00 TT$682Mn 6.8% Fixed Rate Bond 2022 TT$ 360,000,000 6.10% Fixed Rate Bond 2025 682,000,000.00 682,000,000.00 682,000,000.00 360,000,000.00 0.00 360,000,000.00 1,542,000,000.00 682,000,000.00 1,542,000,000.00 National Insurance Development Company Limited Scotia Bank T&T Ltd. US$9,462,000.
60,219,006.60 0.00 60,219,007.00 Scotiabank T&T Limited US$ 12Mn plus capitalised Interest 74,656,800.00 134,875,806.60 0.00 0.00 45,820,261.00 106,039,268.00 Education Facilities Company Limited Central Bank of Trinidad and Tobago TT$ 400Mn 5.35% Fixed Rate Bond 2016 Total Investments Grand Total AUTHORITY (a) Guarantee of Loans (Companies Act Chapter 71:82) (b) Guarantee of Loans (Statutory Authorities Act 71:81) (c) Guarantee of Loans (U.W.I.)
Act 1993 (d) National Development (Inter-American Development Bank) Loans Act Chapter 71:07 400,000,000.00 0.00 400,000,000.00 400,000,000.00 0.00 400,000,000.00 3,379,367,018.64 952,103,078.38 3,075,966,437.00 14,300,242,623.65 9,422,958,966.25 11,027,905,884.23 LIMIT TT$ 9,000,000,000 Amount not specified Amount not specified Amount not specified 31 Auditor General’s Report 2010 REPUBLIC OF TRINIDAD AND TOBAGO CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 TS 24 2009 $ ¢ A S S E T S Note Schedule $ ¢ 105,848,883.29 12,455,599.56 72,638,340.80 18,147,833.75 2,607,109.18 199,010,796.46 1,619,882.47 197,390,913.99 0.00 6,888,658,953.57 (10,789,303,391.50) 7,125,279,210.01 259,596,055.64 6,453,756.52 4,760,937,248.86 161,372,103.48 3,268,740,194.42 5,240,739.47 105,589,270.36 1,906,841,158.79 38,143,898.18 39,643,299.82 125,409.52 7,193,518,633.32 7,210,663,926.26 3,143,066,450.00 3,829,927,996.93 237,669,479.33 (17,145,292.94) 4,760,937,248.86 161,372,103.48 3,268,740,194.42 5,240,739.47 105,589,270.36 1,906,841,158.79 38,143,898.18 39,643,299.82 351,500,000.00 100,000,000.00 (10,755,153,206.32) 7,193,518,633.32 INVESTMENTS General (Treasury Deposits) Special Funds Trust Funds Investment Consolidated Fund ADVANCES Treasury Deposits Advances Fund Contingencies Fund CASH AND BANK Exchequer Account Treasury Deposits Account Treasury Funds Account Treasury Suspense Account Unemployment Fund Road Improvement Fund Infrastructure Development Fund NUGFW Training Fund Government Assistance for
 Tuition Expenses Fund Green Fund CARICOM Trade Support Fund CARICOM Petroleum Fund Exchequer Suspense Account L I A B I L I T I E S DEPOSITS Treasury Deposits (General) Special Funds Trust Funds FUNDS Unemployment Fund Road Improvement Fund Infrastructure Development Fund NUGFW Training Fund Government Assistance for Tuition Expenses Fund Green Fund CARICOM Trade Support Fund CARICOM Petroleum Fund Advances Fund Contingencies Fund Consolidated Fund 3 4,5 A B A B C D E F G H I J 89,377,640.95 12,562,321.18 56,319,216.84 17,888,993.75 2,607,109.18 181,194,482.38 2,072,118.14 179,122,364.24 0.00 1,161,347,361.31 (13,194,288,777.77) 5,142,494,027.17 277,864,605.39 6,391,943.37 5,331,688,154.47 0.00 1,105,435,071.76 5,319,350.56 160,025,765.94 2,221,298,122.26 38,716,056.65 66,215,818.84 187,222.67 1,431,919,484.64 5,211,859,736.75 2,377,833,518.30 2,520,983,944.17 313,042,274.28 (3,779,940,252.11) 5,331,688,154.47 0.00 1,105,435,071.76 5,319,350.56 160,025,765.94 2,221,298,122.26 38,716,056.65 66,215,818.84 351,500,000.00 100,000,000.00 (13,160,138,592.59) 1,431,919,484.64 32 Auditor General’s Report 2010 TS 25 THE CONSOLIDATED FUND FOR THE FINANCIAL YEAR 2010 2009 $ ¢ $ ¢ $ ¢ (5,649,210,006.01) Balance as at 2009 October 01 (10,755,153,206.32) Revenue Expenditure 43,671,089,617.10 (46,112,566,298.62) (5,164,467,210.70) Excess of Expenditure over Revenue (2,441,476,681.52) (2,441,476,681.52) (10,813,677,216.71) (2,877,794.63) (a) Accounting Adjustments
 re Previous Years (13,196,629,887.84) (1,538,675.94 61,401,805.02 (b) Transfer of Previous Years Unpaid Balances to Consolidated Fund 38,029,971.19 58,524,010.39 36,491,295.25 (10,755,153,206.32) Balance as at 2010 September 30 (13,160,138,592.59) 33 Auditor General’s Report 2010 NOTES TO THE ACCOUNTS TS 26 1.
GENERAL The Statement of Revenue, Statement of Expenditure as well as the Statement of Assets and Liabilities constitute the annual statements as identified in Section 24(1) (a) iv, v, and vii respectively of the Exchequer and Audit Act Chapter 69:01 as amended by Act No.

23 of 1998.

2.

ACCOUNTING POLICIES (i) (ii) The accounts are kept on a cash basis.

Accordingly, transactions are recorded when moneys are actually received and paid.
The Statement of Assets and Liabilities does not include the Public Debt (Local and External Loans and Loans serviced under Head (18) of $29,541,647,795.61.

However, the Statutory Sinking Funds for the Public Debt in the sum of $2,511,086,717.19 are incorporated in the Special Funds totaling $2,520,983,944.19.
The Public Debt does not include the arrears of emoluments owed to Public Sector Employees which have not yet been satisfied by the use of any mechanism, neither does it include amounts due for goods and services.

3.

UNEMPLOYMENT FUND In accordance with the Unemployment Levy Act, Chapter 75:03 Section 15, the balances of the Fund are shown in the general accounts.

The accounts of the Fund are presented as Schedules C (i) and (ii) to the Statement of Assets and Liabilities.

4.
4.

ROAD IMPROVEMENT FUND Part X of the Miscellaneous Taxes Act, Chapter 77:01 was repealed by Part V Section 5 of Act No.

2 of 2006 which was assented to on 2006 February, 08 (Finance Act, 2006).

The Road Improvement Fund (RIF) therefore ceased to be operational.

However, at the time of closure of this Account, legislation in respect of Compressed Natural Gas (CNG) was inadvertently omitted.

The National Petroleum Company Limited (NP) continued to collect and remit receipts to the Treasury.
By Legal Notice No.

169 dated 2008 October 10, the Road Improvement Tax (RIT) component in the price of CNG was removed.

5.

The legislations which repealed the RIT, however, did not address the treatment of the balance of monies in the RIF.

Cabinet by Minute No.

860 dated 2010 April 22 agreed that the balance in the Road Improvement Fund be transferred to the Consolidated Fund.

Details on the closure of the Fund are presented as Schedules D (i) and (ii) to the Statement of Assets and Liabilities.

6.
6.

INFRASTRUCTURE DEVELOPMENT FUND In accordance with the Exchequer and Audit Act, Chapter 69:01 Section 43 (2), the balances of the Infrastructure Development Fund are shown in the general accounts.

The accounts of the Fund are presented as Schedules E (i) and (ii) to the Statement of Assets and Liabilities.

34 Auditor General’s Report 2010 Continued/ 7… 7.


NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS (NUGFW) TRAINING FUND The National Union of Government and Federated Workers (NUGFW) Training Fund was established under Section 43(2) of the Exchequer and Audit, Act Chapter, 69:01 (Legal Notice No.

280 dated 2004 September, 27).

In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the NUGFW Training Fund are shown in the general accounts.
The accounts of the Fund are presented as Schedules F (i) and (ii) to the Statement of Assets and Liabilities.

TS 27 8.

GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND The Government Assistance for Tuition Expenses Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No.

329 dated 2004 December, 09).

In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the GATE Fund are shown in the general accounts.
The accounts of the Fund are presented as Schedules G (i) and (ii) to the Statement of Assets and Liabilities.

9.

GREEN FUND The Green fund was established by Section 65 (1) of the Miscellaneous Taxes Act as amended by Part VI Section 8(b) of the Finance Act No.

5 of 2004 dated 2004 January 30.

In accordance with Section 67(1) of the Part XIV of the Miscellaneous Taxes Act, the balances of the Green Fund are shown in the general accounts.
The accounts of the Fund are presented as Schedules H (i) and (ii) to the Statement of Assets and Liabilities.

10.

CARICOM TRADE SUPPORT FUND The CARICOM Trade Support fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No.

13 dated 2005 January, 12).

In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the CARICOM Trade Support Fund are shown in the general accounts.
The accounts of the Fund are presented as Schedules I (i) and (ii) to the Statement of Assets and Liabilities.

11.

CARICOM PETROLEUM FUND The CARICOM Petroleum Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice 302 dated 2006 November, 23).

In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the CARICOM Petroleum Fund are shown in the general accounts.
The accounts of the Fund are presented as Schedules J (i) and (ii) to the Statement of Assets and Liabilities.

12.

CONTINGENT LIABILITIES (i) Loans or Credits Guaranteed by the Government of Trinidad and Tobago The Contingent Liabilities in respect of Loans or Credits Guaranteed by the Government of Trinidad and Tobago as at 2010 September 30 amount to $11,027,905,884.23.
The details are reflected on the Statement submitted in accordance with Section 24 (1) (a) vi of the Exchequer and Audit Act, Chapter 69:01 as amended by Act No.

23 of 1998.

35 Auditor General’s Report 2010 Continued/ (ii)… (ii) Letter of Comfort issued by the Government of Trinidad and Tobago The Contingent Liabilities in respect of Letters of Comfort issued by the Government of Trinidad and Tobago as at 2010 September 30 amount to $7,023,597,667.25.
Details are reflected in the Statements of the Public Debt.

TS 28 (iii) Promissory Notes The contingent liabilities in respect of outstanding Promissory Notes issued by the Government of Trinidad and Tobago as at 2010 September 30 amount to $2,456,529,954.34.

Details are reflected in the Statements of the Public Debt.
(iv) Arrears of Emoluments owed to Public Sector Employees Ministry/Departments/Agencies notified the Comptroller of Accounts that mechanisms to offset the Public Sector Liability in the sum of $301,001.81 were utilized during the financial year ended 2010 September 30.

To date, the sum of $2,202.2 million of the Public Sector employees’ liability has been satisfied.
This amount comprises $2,159.9 million in respect of non-cash mechanisms (including Special Compensatory Time) and $ 42.3 million representing cash payments.
(v) Open Market Operations As notified by the Central Bank, the amount of Treasury Securities outstanding for the purpose of Open Market Operations (OMO) as at 2010 September 30 was $13,986.0 million, the value of Treasury Notes issued during the financial year 2009/2010 was $558.0 million and the outstanding balance as at 2010 September 30 was $5,000.0 million face value.

13.
13.

BALANCES OUTSTANDING ON BUILD, OPERATE, LEASE AND TRANSFER (BOLT) PROJECTS The balances outstanding on Build, Operate, Lease and Transfer (BOLT) Projects as at 2010 September 30 amount to $ 611,531,075.33.

Details are reflected in the Statements of the Public Debt.

14.
14.

BALANCES ON LOANS ASSUMED BY THE GOVERNMENT OF TRINIDAD AND TOBAGO The balances outstanding in respect of Loans Assumed by the Government of Trinidad and Tobago as at 2010 September 30 in respect of Companies in which Government has/had a shareholding amount to $9,136,537.39.

The details are reflected on a Statement in the Accounts.

15.
15.

PRODUCTION SHARING CONTRACTS Under the provisions of the Production Sharing Contracts, the Government of the Republic of Trinidad and Tobago is entitled to a share of the production of natural gas and crude oil from the operations of the contractors.

The moneys received are placed in the Deposit Account Head 111/570 (Production Sharing Contract).
From this share of production the Minister of Energy and Energy Industries is responsible for meeting the respective Contractor’s tax and similar financial obligations to the Government.

Total Payments made to the Board of Inland 36 Auditor General’s Report 2010 Continued/ Revenue… Revenue in respect of the financial Year 2010 is $2,643,769,076.00.

Revenue collection increased by 4% when compared to the receipts collected in the Financial Year 2009.
Details of payments made in the Financial Year 2010 are shown below:- TS 29 31/12/2009 31/03/2010 30/06/2010 30/09/2010 $ 707,099,392.00 642,377,386.00 566,626,604.00 727,665,694.00 $2,643,769,076.00 16.
PETROLEUM SUBSIDY PAID TO CONTRACTORS In accordance with Sub-section (2) of Section 5 of the Petroleum Production Levy and Subsidy Act 1974, Chapter 62:02, the total advances made in the financial year 2010 from the Petroleum Products and Subsidy Fund, for the purpose of subsidizing the prices at which Petroleum Products are sold by persons carrying on marketing business, is $562,852,716.20.

The details are available for Audit scrutiny.

17.


ACCIDENTS VICTIMS COMPENSATION FUND In the 2008 Budget Statement the Prime Minister and the Minister of Finance proposed to use the proceeds of the Insurance Premium Tax to establish an Accident Victims Compensation Fund to compensate victims of accidents caused by uninsured drivers.

18.

An allocation of $138,300,000.00 was made from the Consolidated Fund in the financial year 2010.

19.
19.

HERITAGE AND STABILISATION FUND The Heritage and Stabilisation Fund was established by Act No.

6 of 2007 which was assented to on 2007 March 15.

This Fund is denominated in the currency of the United States of America.
The purpose of the Fund is to save and invest surplus petroleum revenues derived from production business in order to cushion the impact on or sustain public expenditure capacity and generate an alternate stream of income so as to support public expenditure capacity during periods of revenue downturn and provide a heritage for future generations.

20.
20.

In accordance with the formula outlined in Sections 13 of the Act, funds totaling $3,026,451,327.00 in Trinidad and Tobago currency were deposited, during the financial year 2010, to the Account of the Fund at the Central Bank.

21.

CONTINGENCIES FUND The Exchequer and Audit Act, Chapter 69:01 Part IV No.16 provides for the establishment of a Contingencies Fund not exceeding in aggregate $1.5million or such greater sum as Parliament may by resolution approve.
The Contingencies Fund now stands at $100million.

Over the years there have been increases to the Fund with the most recent being $75million.

Legal Notice No.

203 of 2006 is relevant.

37 Auditor General’s Report 2010 Continued/ 22… 22.
The purpose of the Fund is to defray unforeseen expenditure which has not been provided for by the Appropriation Act relating to that year and where the circumstances are such that the expenditure cannot without injury to the public interest be postponed until adequate provision is made by Parliament.

Supplementary funding must be provided in the same financial year to clear all expenditure incurred in respect of advances from the Contingencies Fund.

23. made in the financial year have been retired.


The total amount advanced from the Fund in the financial year 2010 was $49,065,120.00.
All advances TS 30 …………… 38 Auditor General’s Report 2010 STATE ENTERPRISE / STATUTORY BOARD Economic Management Division Housing Development Corporation Airports Authority of Trinidad and Tobago TS 31 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 LENDING AGENCY LOAN AMOUNT BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 First Citizens Bank Ltd. TT$ 300,000,000.00 TT$ 150,000,000.00 Republic Bank Limited TT$120,000,000.00 First Citizens Bank Ltd. TT$ 193.0 Mn ANSA Merchant Bank US$ 27.2Mn increase to US$ 43.5Mn RBTT Merchant Bank Ltd. US$23,443,550 300,000,000.00 150,000,000.00 300,000,000.00 150,000,000.00 300,000,000.00 150,000,000.00 120,000,000.00 0.00 92,656,875.00 570,000,000.00 450,000,000.00 542,656,875.00 193,000,000.00 135,100,000.00 122,233,334.00 283,800,000.00 281,417,643.00 252,264,941.00 148,866,542.50 119,498,338.54 104,441,250.00 625,666,542.50 536,015,981.54 478,939,525.00 Port Authority of Trinidad and Tobago Caribbean Money Market Brokers Ltd. US$ 13.4 Mn 84,775,100.00 81,110,468.00 72,489,377.00 RBTT Merchant Bank TT$ 71,515,000 71,515,000.00 71,515,000.00 60,787,750.00 156,290,100.00 152,625,468.00 133,277,127.00 Public Transport Service First Citizens Bank Ltd.
Corporation TT$ 66,042,900 66,042,900.00 39,625,740.00 26,417,160.00 Republic Bank Ltd Ordinary Loan Facility TT $14,000,000.00 Ordinary Loan Facility 14,000,000.00 13,824,885.69 0.00 80,042,900.00 53,450,625.69 26,417,160.00 Water & Sewerage Authority First Citizens Bk Limited TT$ 260Mn.
260,000,000.00 103,807,711.02 51,903,856.00 First Citizens Bank US $60,000.00 377,994,000.00 238,935,000.00 206,839,750.00 39 Auditor General’s Report 2010 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TS 32 STATE ENTERPRISE / STATUTORY BOARD LENDING AGENCY LOAN AMOUNT BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 Water & Sewerage Authority Republic Bank Ltd. Operating Account TT$ 100 Mn Temporary Increase of TT$ 320Mn 420,000,000.00 180,878,352.99 151,878,107.00 RBTT US$ 30 Mn 188,934,000.00 191,148,000.00 190,929,000.00 Republic Bank Ltd. US$ 30Mn 190,929,000.00 0.00 164,519,535.25 1,437,857,000.00 714,769,064.01 766,070,248.25 Regional Health Authorities South-West RHA 34,408,140.85 34,408,140.85 Eastern RHA 15,377,052.00 15,377,052.00 North Central RHA 56,197,399.00 56,197,399.00 0.00 0.00 0.00 Regional Health Authorities 115,132,000.00 0.00 103,618,695.00 221,114,591.85 105,982,591.85 103,618,695.00 3,090,971,134.35 2,012,843,731.09 2,050,979,630.25 Total EMD Investments Division National Quarries Company of Trinidad and Tobago First Citizens Bank US$ 2,000,000 12,700,000.00 12,700,000.00 0.00 0.00 11,164,106.00 11,164,106.00 Vehicle Maintenance First Citizens Trust & Corporation of Trinidad and Tobago Merchant Bank US$ 9,820,000 61,840,468.00 6,256,911.20 0.00 Unit Trust Corporation US$ 41.3 Mn 41,300,000.00 0.00 41,300,000.00 103,140,468.00 6,256,911.20 41,300,000.00 National Helicopter Citibank (Trinidad and Tobago) Services
 Limited (NHSL) Limited US$ 6,425,000 40,474,287.50 14,620,547.34 8,762,277.00 Unit Trust Corporation US$ 6,375,000 Republic Finance & Merchant 40,148,475.00 16,247,580.00 8,114,483.00 Bank US$ 11,500,000 73,273,400.00 71,965,979.54 77,644,460.00 153,896,162.50 102,834,106.88 94,521,220.00 40 Auditor General’s Report 2010 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 TS 33 STATE ENTERPRISE / STATUTORY BOARD LENDING AGENCY LOAN AMOUNT BALANCE AS AT 2009 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 Urban Development Corporation of Trinidad & Tobago Limited Citibank (Trinidad & Tobago) Ltd.
US $73.1 Mn 457,247,810.00 465,763,960.00 465,230,330.00 First Citizens Bank TT$ 320 Mn 320,000,000.00 321,068,415.62 0.00 First Caribbean International Bank US $81 Mn revised to US$ 92.5 Mn 582,750,000.00 531,183,633.45 572,518,097.00 Barclay's Capital Inc -US $375Mn 2,385,637,500.00 2,394,072,362.31 2,272,916,470.00 First Citizens Bank TT$100Mn 100,000,000.00 0.00 100,000,000.00 3,845,635,310.00 3,712,088,371.38 3,410,664,897.00 Sugar Manufacturing Republic Bank Limited Company Ltd. TT$ 25Mn 25,000,000.00 18,500,000.00 18,500,000.00 25,000,000.00 18,500,000.00 18,500,000.00 Tourism Development ANSA Merchant Bank Limited Company Limited TT$233,191,981.93 233,191,982.00 233,191,982.00 0.00 0.00 0.00 0.00 Evolving TecKnologies First Caribbean International & Enterprise Development Bank- TT $220,000,000 Company Ltd TT $190,000,000 TT$ 410,000,000 410,000,000.00 233,319,538.00 431,166,267.00 410,000,000.00 233,319,538.00 431,166,267.00 BWIA West Indies Airways Limited First Citizens Trust & Mer.Bank Ltd. TT$15,000,000 15,000,000.00 9,375,000.00 7,500,000.00 15,000,000.00 9,375,000.00 7,500,000.00 National Infrastructure ANSA Merchant Bank Limited Development Company Ltd. TT$153,800,000 153,800,000.00 0.00 153,800,000.00 RBTT Merchant Bank Ltd. TT$53,800,000 53,000,000.00 0.00 51,233,333.00 41 Auditor General’s Report 2010 TS 34 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 STATE ENTERPRISE / STATUTORY BOARD LENDING AGENCY LOAN AMOUNT BALANCE AS AT 2009
 SEPTEMBER 30 BALANCE AS AT 2010 SEPTEMBER 30 National Infrastructure Citicorp Merchant Bank Development Company Ltd. US$52,000,000 327,600,000.00 0.00 264,754,880.00 Scotiabank T&T Ltd. US$12Mn 74,656,800.00 64,773,175.87 0.00 Citicorp Merchant Bank- TT$ 344,750,000 plus capitalised Interest 517,708,429.76 517,708,429.76 321,766,667.00 1,126,765,229.76 582,481,605.63 791,554,880.00 EXIMBANK Banco Latinoamericano De Exportaciones, SA US$ 20,000,000 126,746,000.00 0.00 135,080,000.00 126,746,000.00 0.00 135,080,000.00 National Insurance Property ANSA Merchant Bank Development Company TT$ 37,400,000 37,400,000.00 37,400,000.00 31,166,667.00 Limited (NIPDEC) Total Investments Division 6,089,475,152.26 4,702,255,533.09 4,972,618,037.00 37,400,000.00 37,400,000.00 31,166,667.00 Grand Total 9,180,446,286.61 6,715,099,264.18 7,023,597,667.25 42 Auditor General’s Report 2010 PROMISSORY NOTES AS AT 2010 SEPTEMBER 30 TS 35 Foreign Notes USD 15,687,853.50 @ 6.3716 as at 2009 September 30 Local Notes as at 2009 September 30 Balance as at 2009 September 30 Less: Drawdowns for Fiscal Year 2010 IBRD TT$ Add: Promissory Notes for Fiscal Year 2010 $ ¢ $ ¢ 99,956,727.36 2,314,004,470.37 2,413,961,197.73 (38,700.00) CDB TT$ 256,078.00 256,078.00 2,414,178,575.73 Translation USD 15,687,853.50 @ 6.3716 (2009) USD 15,687,853.50 @ 6.3643 (2010) Loss 99,956,727.36 99,842,206.03 (114,521.33) USD 6,672,517.00 @ 6.3643 (2010) 42,465,899.94 42,351,378.61 Balance as at 2010 September 30
 2,456,529,954.34 43 Auditor General’s Report 2010 PROMISSORY NOTES AS AT 2010 SEPTEMBER 30 TS 36 0 Currency Promissory Amount Dated Drawdown Period Drawdown Amount $ Balance US$ C.D.B.
US$ I.A.D.B.

US$ 198,022.16 772,060.00 01.01.26 92.10.30 M.I.F.

US$ 240,000.00 97.07.30 M.I.G.A.
US$ 219,646.00 91.12.12 98.07.01 - 98.12.31 - - - - - - - - - - - 2005.09 - - - - - - - Institution Currency Promissory Amount Dated Drawdown Period Total USD 22,360,370.50 Drawdown Amount $ Balance TT$ C.D.B.
TT$ I.B.R.D.
TT$ - - - 86.12.31 - - - - - - - - - - - - 72.10.30 - 92.12.
24 - - - - - - - - 0.00 0.00 0.00 1,475,382.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 1,081,771.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 828,007.10 817,783.91 2,156,881.00 983,588.00 828,007.10 817,783.91 3,122,330.00 9,209,939.00 6,600,269.00 4,652,390.00 2,432,146.00 94,363.00 231,106.00 409,143.00 322,515.00 256,078.00 33,762,330.02 2,518,228.90 1,223,995.13 3,456,738.75 9,615,092.04 2,941,201.94 17,772,044.00 12,997,350.00 1,563,802.00 22,845,615.06 74,934,067.82 44 Auditor General’s Report 2010 PROMISSORY NOTES AS AT 2010 SEPTEMBER 30 TS 37 Institution Currency Promissory Amount Dated Drawdown Period I.D.A TT$ I.M.F TT$ Drawdown Amount $ Balance TT$ 0.00 0.00 0.00 0.00 0.00 0.00 1,178,523.00 2,658,339.38 155,183.00 216,474.00 127,241.00 185,961.00 Total 4,521,721.38 - - - - - - - - 0.00 0.00 1980.07 - 1980.12 21,310,338.45 - - 0.00 0.00 75.10.02 - 84.05.09 27,767,887.22 76.03.05 - 80.05.29 31,287,296.12 111,906,109.75
 335,718,329.26 171,892.93 17,080,128.69 1,350,157.80 732,112.78 2,085,886.87 02.02.07 - 04.02.24 707,238,563.60 290,948,159.78 - - - - - - - - - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 556,052,560.38 187,715,619.29 10,403,253.15 5,455,443.46 35,480,198.06 73,366,445.12 120,022,463.24 13,769,846.35 40,124,654.52 397,761,506.64 858,961.08 Total 2,201,003,729.15 Total TTD 2,314,221,848.37 SUMMARY Promissory amount - Promissory amount - TTD 2,314,221,848.37 2,314,221,848.37 USD 22,360,370.50 @ 6.3643 142,308,105.97 2,456,529,954.34 ACRONYMS C.D.B.
I.A.D.B.

I.B.R.D.

I.D.A.

I.M.F.

M.I.F.
Caribbean Development Bank Inter-American Development Bank International Bank for Reconstruction and Development International Development Association International Monetary Fund Multilateral Investment Fund M.I.G.A Multilateral Investment Guarantee Agency Closing Rate - 6.3643 as at 2010 September 30 45 Auditor General’s Report 2010 BALANCES OUTSTANDING ON THE BUILD, OPERATE, LEASE AND TRANSFER (BOLT) PROJECTS AS AT 2010 SEPTEMBER 30 TS 38 PROJECT NAME OUTSTANDING BALANCES 2009 2010 $ c $ c Attorney General Head Office … … … … … … … … 51,048,522.45 44,608,769.99 Industrial Court Building … … … … … … … … … 10,733,640.80 7,524,604.35 Ministry of Works and Transport (Head Office) … … … 49,165,227.84 48,048,143.65 Sangre Grande Police Divisional Headquarters … … … 13,901,798.79 12,966,823.66 San Fernando Police Divisional Headquarters … … … 15,587,065.56 14,538,746.63 Stadia Project … … … … … … … … … … … 218,856,191.18 195,808,521.98 Trinity Schools … … … … … … … … … … … 68,021,218.03 64,470,705.26 National Library Building Complex (Building) … … … … 186,288,543.59 176,919,853.77 National Library Building Complex (Furniture & Fittings) … … … … 57,783,603.02 46,644,906.04 TOTAL 671,385,811.26 611,531,075.33 Note: BOLT - Build, Operate, Lease and Transfer, as the acronym implies, is an arrangement whereby Financial Institutions finance the construction of buildings or purchase furniture and equipment required on behalf of the Government.
These Financial Institutions enter into lease arrangements with the respective Ministries/Departments and are paid lease rentals and other fees for the management and maintenance of the buildings etc.

while occupied/used by the lessees.

At the end of the lease agreements, ownership is then transferred to the Government.
46 Auditor General’s Report 2010 TS 39 BALANCES ON LOANS ASSUMED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT 2010 SEPTEMBER 30 IN RESPECT OF COMPANIES IN WHICH GOVERNMENT HAS/HAD A SHAREHOLDING COMPANY LIABILITY 2009 2010 $ ¢ $ ¢ West Indies Shipping Corporation 10,548,534.98 9,136,537.39 10,548,534.98 9,136,537.39 47 Auditor General’s Report 2010 TS 40 Summary of Loans from the Funds for Long-Term Development as at 2010 September 30 GRAND TOTAL OF LOANS - ALL FUNDS ... ... ... ... ... 501,779,829.70 AMOUNT REPAID/WRITTEN-OFF AS AT 2010 SEPTEMBER 30 ... ... ... ... ... 70,286,615.91 $ ¢ BALANCE OUTSTANDING AS AT 2010 SEPTEMBER 30 ... ... ... ... ... 431,493,213.79 48 Auditor General’s Report 2010 TS 41 Summary of Loans from the Funds for Long-Term Development as at 2010 September 30 F U N D AMOUNT BALANCE AMOUNT ADVANCED REPAID/WRITTEN OFF OUTSTANDING AS AT AS AT 2010 SEPTEMBER 30 2010 SEPTEMBER 30 $ ¢ $ ¢ $ ¢ (1) Caribbean Integration Fund (2) Port Development Fund (3) Participation in Commercial Enterprises Fund (4) Sport, Culture and Community Development Fund (5) Housing and Resettlement Fund (6) Long Term Development Fund 229,744,663.70 5,100,000.00 15,158,452.00 160,000.00 32,500,000.00 219,116,714.00 9,376,593.15 0.00 6,008,514.64 79,047.00 13,246,123.68 41,576,337.44 220,368,070.55 5,100,000.00 9,149,937.36 80,953.00 19,253,876.32 177,540,376.56 T O T A L: 501,779,829.70 70,286,615.91 431,493,213.79 49 Auditor General’s Report 2010 TS 42 SCHEDULE A SCHEDULE OF SPECIAL FUNDS APPEARING
 IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 TITLE OF FUND FUND BALANCE Provident Fund Provident Fund -Interest Stock Transfer Stamp Duty Fund Local Trustees of the Sinking Fund Savings Bonds Reserve Fund Seized Assets Fund-Ministry of National Security National Disaster Relief Fund Equipment Fund-Trinidad and Tobago Defence Force Welfare Fund-Trinidad and Tobago Defence Force Agriculture Disaster Relief Fund $ ¢ 412,620.75 0.00 3,961.48 2,511,086,717.19 238,170.00
 39,225.00 3,657,835.56 1,427,266.71 3,798,015.44 320,132.04 TOTAL 2,520,983,944.17 50 Auditor General’s Report 2010 TS 43 SCHEDULE B SCHEDULE OF TRUST FUNDS APPEARING IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 TITLE OF FUND FUND BALANCE $ ¢ Land Assurance Fund Official Receiver Post Office Savings Bank Public Trustee Sugar Industry Labour Welfare Fund Sugar Industry Price Stabilisation Fund Sugar Industry Rehabilitation Fund Suitors Fund and Money-Registrar and Marshall, P.O.S Suitors Fund and Money-Sub-Registrar, San Fernando Suitors Fund and Money-Sub-Registrar, Tobago Trinidad Assurance Companies Ordinance Cane Farmers' Cess Cane Farmers Rehabilitation Board Comptroller of Accounts-In Trust for B & C Deosaran Petroleum Products Subsidy Fund Mortgage re: Diawantee Nandoo 3,659,407.60 146,543.95 12,500,250.87 5,316,027.92 34,817,425.10 512,242.68 4,445,626.22 1,062,987.72 1,103,980.58 88,856.58 175,389.26 188.59 93,700.42 2,000.00 249,115,102.49 2,544.30 TOTAL 313,042,274.28 51 Auditor General’s Report 2010 TS 44 SCHEDULE C(i) THE UNEMPLOYMENT FUND Established under Section 14(2) of the Unemployment Levy Act, Chapter 75:03) STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS 734,610,188.34 0.00 Board of Inland Revenue Receipts Less: Adjustments 0.00 Less: previous year adjustment :- Dishonoured Cheque 734,610,188.34 TOTAL LEVY COLLECTED Add: Interest on Cash Balances: $ ¢
 913,384,882.81 0.00 913,384,882.81 0.00 913,384,882.81 66,365,939.99 Interest received for the financial year 2010 71,679,583.12 Add: Unspent Balances from Municipal Corporations for 94,041.07 accounting periods prior to the financial year 2010 144,072.01 Add: Miscellaneous Receipts 801,214,241.41 TOTAL RECEIPTS PAYMENTS 43,967,114.63 Ministry of Agriculture, Land and the Marine Resources 0.00 0.00 Ministry of Finance Minstry of Public Utilities and the Environment 331,516,817.21 Ministry of Works and
 Transport 17,000,000.00 Payment by the Ministry of Finance to the Tobago House of Assembly to meet expenditure under Unemployment Relief Programme 392,483,931.84 TOTAL PAYMENTS 0.00 3,920,689.12 988,985,155.05 54,890,630.09 346,343,619.35 0.00 0.00 17,000,000.00 418,234,249.44 408,730,309.57 Excess of Receipts over Payments for the financial year 2010 570,750,905.61 4,352,206,939.29 Add: Balance brought forward from 2009 September 30 4,760,937,248.86 4,760,937,248.86 BALANCE AS AT 2010 SEPTEMBER 30 5,331,688,154.47 52 Auditor General’s Report 2010 TS 45 SCHEDULE C(ii) THE UNEMPLOYMENT FUND (Established under Section 14(2) of the Unemployment Levy Act, Chapter 75:03) STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS $ ¢ 4,760,937,248.86 Cash 5,331,688,154.47 4,760,937,248.86 5,331,688,154.47 LIABILITIES 408,730,309.57 Excess of Receipts over Payments for the financial year 2010 570,750,905.61 4,352,206,939.29 Add: Balance brought forward from 2009 September 30 4,760,937,248.86 4,760,937,248.86 5,331,688,154.47 53 Auditor General’s Report 2010 TS 46 SCHEDULE D(i) THE ROAD IMPROVEMENT FUND (Established under Section 44 of the Miscellaneous Taxes Act, Chapter 77:01); Repealed by Part V Section 5 of Act #2 of 2006 dated 2006 February 08 Finance Act, 2006; Repealed re CNG - Legal Notice 169 dated 2008 October 10 STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS 51,701.03 0.00
 Total Road Improvement Tax Collected Add: Write back of unpaid cheques as at May 2010 2,312,726.82 Add: Interest on Cash Balances: Interest received for the financial year 2010 4,922,099.88 Add: Unspent Balances from the Municipal Corporations for accounting periods prior to the financial year 2010 7,286,527.73 TOTAL RECEIPTS PAYMENTS 0.00 Ministry of Works and Transport 0.00 Ministry of Local Government 0.00 0.00 Less: Amount Transferred to the Consolidated Fund consequent closure of the Fund Less: Amount
 set aside in Treasury Deposits Account 111/632 to meet liabilities in respect of unpaid cheques 0.00 TOTAL PAYMENTS $ ¢ 0.00 27,284.86 1,540,119.74 3,345,060.05 4,912,464.65 0.00 0.00 166,257,283.27 27,284.86 166,284,568.13 7,286,527.73 Excess of Receipts over Payments Excess of Payments over Receipts for the financial year 2010 (161,372,103.48) 154,085,575.75 Add: Balance brought forward from 2009 September 30 161,372,103.48 161,372,103.48 BALANCE AS AT 2010 SEPTEMBER 30 0.00 Cabinet Minute No.
860 dated 2010 April 22 agreed to the transfer of the balance of the Road Improvement Fund to the Consolidated Fund consequent upon the repealing of the Road Improvement Tax Legislation.
54 Auditor General’s Report 2010 TS 47 SCHEDULE D(ii) THE ROAD IMPROVEMENT FUND (Established under Section 44 of the Miscellaneous Taxes Act, Chapter 77:01) Repealed by Part V Section 5 of Act #2 of 2006 dated 2006 February 08 (Finance Act, 2006) STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS $ ¢ 161,372,103.48 Cash 0.00 161,372,103.48 0.00 LIABILITIES 7,286,527.73 Excess Receipts over Payments 0.00 0.00 Add: Excess Payments over Receipts for the financial year 2010 (161,372,103.48) 154,085,575.75 Add: Balance brought forward from 2009 September 30 161,372,103.48 161,372,103.48 0.00 55 Auditor General’s Report 2010 TS 48 SCHEDULE E (i) INFRASTRUCTURE DEVELOPMENT FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
347 dated 1997 December 29 STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS $ ¢ 78,714,682.39 Interest received for the financial year 2010 32,719,680.11 Add: Unspent Balances from the Municipal Corporations for 1,133,499.13 accounting periods prior to the financial year 2010 2,420,914.61 2,800,000,000.00 Infrastructure Development Fund in the financial year 2010 1,150,000,000.00 Add: Amount transferred from the Consolidated Fund to the 2,879,848,181.52 TOTAL RECEIPTS 1,185,140,594.72 PAYMENTS 4,952,937,074.64 See Appendix ( 1 ) 3,348,445,717.38 4,952,937,074.64 TOTAL PAYMENTS 3,348,445,717.38 (2,073,088,893.12) Excess of Payments over Receipts for the financial year 2010 (2,163,305,122.66) 5,341,829,087.54 Add: Balance brought forward from 2009 September 30 3,268,740,194.42 3,268,740,194.42 BALANCE AS AT 2010 SEPTEMBER 30 1,105,435,071.76 56 Auditor General’s Report 2010 TS 49 SCHEDULE E(ii INFRASTRUCTURE DEVELOPMENT FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
347 dated 1997 December 29 STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS $ ¢ 3,268,740,194.42 Cash 1,105,435,071.76 3,268,740,194.42 1,105,435,071.76 LIABILITIES (2,073,088,893.12) Excess of Payments over Receipts for the financial year 2010 (2,163,305,122.66) 5,341,829,087.54 Add: Balance brought forward from 2009 September 30 3,268,740,194.42 3,268,740,194.42 1,105,435,071.76 57 Auditor General’s Report 2010 TS 50 SCHEDULE F(i) NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS TRAINING FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
280 dated 2004 September 27 STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS $ ¢ Amount transferred from the Consolidated Fund to the National Union of Government and Federated Workers 1,000,000.00 Training Fund in the Financial Year 2010 0.00 74,898.57 Add: Interest on Cash Balances: Interest received for the financial year 2010 78,611.09 1,074,898.57 TOTAL RECEIPTS 78,611.09 PAYMENTS 0.00 TOTAL PAYMENTS 0.00 1,074,898.57 Excess of Receipts over Payments for the financial year 2010 78,611.09 4,165,840.90 Add: Balance brought forward from 2009 September 30 5,240,739.47 5,240,739.47 BALANCE AS AT 2010 SEPTEMBER 30 5,319,350.56 58 Auditor General’s Report 2010 TS 51 SCHEDULE F(ii) NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS TRAINING FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
280 dated 2004 September 27 STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS 5,240,739.47 Cash 5,240,739.47 $ ¢ 5,319,350.56 5,319,350.56 LIABILITIES 1,074,898.57 Excess of Receipts over Payments for the financial year 2010 78,611.09 4,165,840.90 Add: Balance brought forward from 2009 September 30 5,240,739.47 5,240,739.47 5,319,350.56 59 Auditor General’s Report 2010 TS 52 SCHEDULE G(i) GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.329 dated 2004 December 09 STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS 633,500,000.00 Amount transferred from the Consolidated Fund to the Government Assistance for Tuition (GATE) Fund in the financial year 2010 6,582,866.60 Add: Miscellaneous Receipts 2,247,445.25 Add: Interest on Cash Balances: Interest received for the financial year 2010 642,330,311.85 TOTAL RECEIPTS PAYMENTS $ ¢ 625,000,000.00 10,974,816.92 2,683,207.90 638,658,024.82 572,738,917.00 Ministry of Science, Technology and Tertiary Education 584,221,529.24 572,738,917.00 TOTAL PAYMENTS 584,221,529.24 69,591,394.85 Excess of Receipts over Payments for the financial year 2010 54,436,495.58 35,997,875.51 Add: Balance brought forward from 2009 September 30 105,589,270.36 105,589,270.36 BALANCE AS AT 2010 SEPTEMBER 30 160,025,765.94 60 Auditor General’s Report 2010 TS 53 SCHEDULE G(ii) GOVERNMENT ASSISTANCE FOR TUITION
 EXPENSES (GATE) FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.329 dated 2004 December 09 STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS $ ¢ 105,589,270.36 Cash 160,025,765.94 105,589,270.36 160,025,765.94 LIABILITIES 69,591,394.85 Excess of Receipts over Payments for the financial year 2010 54,436,495.58 35,997,875.51 Add: Balance brought forward from 2009 September 30 105,589,270.36 105,589,270.36 160,025,765.94
 61 Auditor General’s Report 2010 TS 54 SCHEDULE H(i) GREEN FUND (Finance Act # 5 of 2004 dated 2004 January 30 Part VI Section 8(b)) STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS $ ¢ 288,503,959.23 Board of Inland Revenue Receipts 297,053,319.40 Less Adjustments Add: Interest on Cash Balances: 1,992,200.81 295,061,118.59 25,035,892.82 Interest received for the financial year 2010 30,020,360.88 313,539,852.05 TOTAL RECEIPTS 325,081,479.47 PAYMENTS 0.00 0.00 TOTAL PAYMENTS 10,624,516.00 10,624,516.00 313,539,852.05 Excess of Receipts over Payments for the financial year 2010 314,456,963.47 1,593,301,306.74 Add: Balance brought forward from 2009 September 30 1,906,841,158.79 1,906,841,158.79 BALANCE AS AT 2010 SEPTEMBER 30 2,221,298,122.26 62 Auditor General’s Report 2010 GREEN FUND (Finance Act #5 of 2004 dated 2004 January 30 Part VI Section 8(b)) STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS 1,906,841,158.79 Cash 1,906,841,158.79 LIABILITIES TS 55 SCHEDULE H(ii) $ ¢ 2,221,298,122.26 2,221,298,122.26 313,539,852.05 Excess of Receipts over Payments for the financial year 2010 314,456,963.47 1,593,301,306.74 Add: Balance brought forward from 2009 September 30 1,906,841,158.79 1,906,841,158.79 2,221,298,122.26 63 Auditor General’s Report 2010 TS 56 SCHEDULE I(i) CARICOM TRADE SUPPORT FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01)
 Legal Notice No.
13 dated 2005 January 12 STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS $ ¢ 0.00 Amount transferred from the Consolidated Fund 0.00 563,702.93 Add: Interest on Cash Balances : Interest received for the financial year 2010 563,702.93 TOTAL RECEIPTS PAYMENTS 0.00 TOTAL PAYMENTS 572,158.47 572,158.47 0.00 0.00 563,702.93 Excess of Receipts over Payments for the financial year 2010 572,158.47 37,580,195.25 Add: Balance brought forward from 2009 September 30 38,143,898.18 38,143,898.18 BALANCE AS AT 2010 SEPTEMBER 30 38,716,056.65 64 Auditor General’s Report 2010 TS 57 SCHEDULE I(ii) CARICOM TRADE SUPPORT FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
13 dated 2005 January 12 STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS 38,143,898.18 Cash 38,143,898.18 LIABILITIES $ ¢ 38,716,056.65 38,716,056.65 563,702.93 Excess of Receipts over Payments for the financial year 2010 572,158.47 37,580,195.25 Add: Balance brought forward from 2009 September 30 38,143,898.18 38,143,898.18 38,716,056.65 65 Auditor General’s Report 2010 TS 58 SCHEDULE J(i) CARICOM PETROLEUM FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
302 dated 2006 November 23 STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED 2010 SEPTEMBER 30 Previous Year $ ¢ RECEIPTS $ ¢ 172,000,000.00 Amount transferred from the Consolidated Fund to the CARICOM Petroleum Fund in the financial year 2010 100,000,000.00 7,707,719.12 Add: Interest on Cash Balances : Interest received for the financial year 2010 699,189.02 179,707,719.12 TOTAL RECEIPTS 100,699,189.02 PAYMENTS 702,673,494.78 Payments for the financial year 2010 74,126,670.00 702,673,494.78 TOTAL PAYMENTS 74,126,670.00 (522,965,775.66) Excess of Receipts over Payments for the financial year 2010 26,572,519.02 562,609,075.48 Add: Balance brought forward from 2009 September 30 39,643,299.82 39,643,299.82 BALANCE AS AT 2010 SEPTEMBER 30 66,215,818.84 66 Auditor General’s Report 2010 TS 59 SCHEDULE J(ii) CARICOM PETROLEUM FUND (Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.
302 dated 2006 November 23 STATEMENT OF ASSETS AND LIABILITIES AS AT 2010 SEPTEMBER 30 Previous Year $ ¢ ASSETS 39,643,299.82 Cash 39,643,299.82 LIABILITIES $ ¢ 66,215,818.84 66,215,818.84 (522,965,775.66) Excess of Receipts over Payments for the financial year 2010 26,572,519.02 562,609,075.48 Add: Balance brought forward from 2009 September 30 39,643,299.82 39,643,299.82 66,215,818.84 67 Auditor General’s Report 2010 68 Auditor General’s Report 2010 CHAPTER 1 THE ACCOUNTS OF THE TREASURY 69 Auditor General’s Report 2010 70 Auditor General’s Report 2010 CHAPTER 1 ACCOUNTS OF THE TREASURY Under section 4 (3) of the Exchequer and Audit Act, Chapter 69:01 (the 1.01 Act) the Treasury is required to “so superintend the expenditure of public moneys as to ensure that proper arrangements for accounting to the House for such expenditure are made.” According to the Act, the Treasury means the Minister responsible for Finance and includes such officer or officers in the Ministry of Finance as may be deputed by the Minister to exercise powers and to perform duties under the Act.
1.02 Section 3 of the Exchequer and Audit Act, Chapter 69:01 states: The Minister shall, subject to the Constitution and this Act, “3.
have the management of the Consolidated Fund and the supervision, control and direction of all matters relating to the financial affairs of the State which are not by law assigned to any other Minister.” 1.03 In this respect the Minister of Finance is responsible for instituting all accounting policies, procedures and processes as well as the system of internal controls and is entitled to inspect all records and documents.
Financial Statements 1.04 Section 24 (1)(a) of the Exchequer and Audit Act, Chapter 69:01 as amended by the Financial Year Act, 1998 requires the Treasury to submit certain statements to the Auditor General.

The Treasury Statements received for audit are listed at Appendix 1 of this Report and are referenced as TS 2 to TS 59.

Comments on the examination of these Financial Statements follow.
71 Auditor General’s Report 2010 THE EXCHEQUER ACCOUNT Exchequer Account – ($13,194,288,777.77) The Exchequer Account is the bank account for the Consolidated Fund.

1.05 According to the records of the Comptroller of Accounts as at 2010 September 30 the Exchequer Account was overdrawn by ($13,194,288,777.77) which was an increase of $2,404,985,386.27 or 22.29% when compared to the previous year’s figure of ($10,789,303,391.50).
1.06 The overall increase in the overdrawn balance in the Exchequer Account was due to the fact that for the financial year 2010 payments exceeded receipts.
Movements in the Account for the financial year 2010 with the 2009 comparatives are as follows: Financial Year 2010 Financial Year 2009 $ $ Receipts for the financial year 43,707,598,708.21 Less: Payments for the financial year (46,112,584,094.48) (2,404,985,386.27) Balance brought forward at October 01 (10,789,303,391.50) Balance as at September 30 (13,194,288,777.77) 40,222,850,103.19 (45,328,793,303.50) (5,105,943,200.31) (5,683,360,191.19) (10,789,303,391.50) 1.07 The overdrawn balance of ($13,194,288,777.77) as at 2010 September 30 according to the records of the Treasury was satisfactorily reconciled with the debit balance of ($15,436,264,115.48) confirmed by the Central Bank of Trinidad and Tobago (TS 2 to TS 7 refer).
1.08 as stated below and are reflected in Chart 1.
Comparative balances as at the end of the financial years 2006 to 2010 are Year End Balance 2006.09.30 (4,706,682,610.64) 2007.09.30 (5,756,816,210.26) 2008.09.30 (5,683,360,191.19) (10,789,303,391.50) (13,194,288,777.77) 2009.09.30 2010.09.30 $ 72 Auditor General’s Report 2010 Balances on the Exchequer Account at the end of the Financial Years 2006 to 2010 s r a l l o D f o s n o i l l i B 0.000 -2.000 -4.000 -6.000 -8.000 -10.000 -12.000 -14.000 2006 2007 2008 2009 2010 $(4.707) Bn $(5.757)Bn $(5.683) Bn $(10.789) Bn $(13.194) Bn CHART1 Paragraph 1.08 refers 73 Auditor General’s Report 2010 STATEMENT OF THE PUBLIC DEBT Public Debt - $32,261,615,002.60 The records of the Treasury showed that at 2010 September 30 the Public 1.09 Debt was $32,261,615,002.60.
This figure comprises local and external loans as well as loans serviced under Head 18 – Ministry of Finance as shown below.

Comparative figures for the previous financial year are also shown.
2010 2009 $ $ Local Loans 19,233,070,321.73 14,877,630,326.20 External Loans 8,728,909,436.27 9,729,260,317.65 27,961,979,758.00 24,606,890,643.85 Loans Serviced Under Head 18 4,299,635,244.60 4,934,757,151.76 32,261,615,002.60 29,541,647,795.61 1.10 There was an overall increase of $2,719,967,206.99 or 9.2% in the balance representing the Public Debt at 2010 September 30.

Treasury Statements referenced TS 8 and TS 10 refer.
Local Loans - $19,233,070,321.73 There was a net increase in Local Loans of $4,355,439,995.53 or 29.28% 1.11 over the previous year’s figure.

This was mainly due to three new Fixed Rate Bond issues during the financial year 2010 amounting to $4,793,800,000.00, an additional amount of $231,496,000.00 from a previous Fixed Rate Bond issue and capitalized interest of $15,918,140.00.
1.12 as reflected in the records of the Treasury are as follows: Movements in local loans for the financial year ended 2010 September 30, $ Balance as at 2009 October 01 Add: New Loans Previous Bond Issue Interest capitalized on two Loans Proceeds from Fixed Rate Bond brought to account Balance c/f 14,877,630,326.20 4,793,800,000.00 231,496,000.00 15,918,140.00 285,420,920.00 20,204,265,386.20 74 Auditor General’s Report 2010 Balance b/f Less: Repayments Adjustment $ 20,204,265,386.20 (691,195,064.47) (280,000,000.00) 19,233,070,321.73 New Loans - $4,793,800,000.00 1.13 (i) Details of the new loans raised by the issue of Bonds are given below: $3,399,800,000.00 – Government of Trinidad and Tobago Fixed Rate Bond 2031 issued 2010 February 04 (ii) $600,000,000.00 – Government of Trinidad and Tobago Fixed Rate Bond 2025 issued 2010 February 04 (iii) $794,000,000.00 – Government of Trinidad and Tobago Fixed Rate Bond 2023 issued on 2010 April 30 External Loans - $8,728,909,436.27 There was a decrease in External Loans of $1,000,350,881.38 or 10.28% 1.14 from the previous year.
A summary of transactions in respect of external loans is given below: Balance as at 2009 October 01 9,729,260,317.65 Add: Receipts for Financial Year 2010 840,632,061.67 $ Foreign Exchange Adjustment 56,893,422.74 10,626,785,802.06 Less: Repayments for Financial Year 2010 (1,896,192,125.84) Gain Transferred to Revenue (990,800.55) Adjustment re: Principal Repayment (693,439.40) Balance as at 2010 September 30 8,728,909,436.27 75 Auditor General’s Report 2010 Receipts - $840,632,061.67 1.15 Receipts from external loans consisted of:   drawdowns on existing loans totalling $660,547,932.66 three new loans amounting to $180,084,129.01.
Foreign Exchange Adjustment - $56,893,422.74 1.16 loans as a result of changes in the foreign exchange rates.

The amount of $56,893,422.74 represents the net adjustment on external Gain Transferred to Revenue – ($990,800.55) The amount of ($990,800.55) represents savings due to the revaluing of 1.17 pool units on IBRD Loan #3863 throughout the life of the loan.

This loan was repaid on 2010 April 15.


Adjustment re: Principal Repayment - ($693,439.40) 1.18 The amount of ($693,439.40) was previously recorded as Capitalized Interest instead of Principal Repayment.

An adjustment was therefore made to reduce the debt balance and the amount was transferred to Revenue.

Loans Serviced Under Head 18 – Ministry of Finance - $4,299,635,244.60 1.19 Loans or Credits guaranteed by the Government which have crystallized.
This figure represents Letters of Comfort issued by the Government on $ Balance as at 2009 October 01 4,934,757,151.76 Add: Receipts for financial year 2010 44,765,312.79 Adjustment 27.92 4,979,522,492.47 Less: Repayments for financial year 2010 (645,644,450.91) Less: Payment by Taurus Services Ltd. (34,242,796.96) 4,299,635,244.60 1.20 Receipts of $44,765,312.79 pertained to a new loan disbursed by ANSA Merchant Bank Limited to National Insurance Property Development Company Limited to provide financing for the acquisition of vehicles.
The authority for said loan was a Cabinet 76 Auditor General’s Report 2010 Minute of 2009 January.

This loan was fully repaid during the financial year 2010.

1.21 of Finance amounted to $663,144,450.91, resulting in a difference of $17,500,000.00.

Repayments for the financial year according to the records of the Ministry Summary of the Public Debt 1.22 summarized at Table 1 below.
The transactions relative to the Public Debt for the financial year 2010 are Table 1 SUMMARY OF TRANSACTIONS OF THE PUBLIC DEBT FOR THE FINANCIAL YEAR 2010 Local Loans $ External Loans $ Loans Serviced under Head 18 Total $ Balance as at 2009 October 01 14,877,630,326.20 9,729,260,317.65 4,934,757,151.76 29,541,647,795.61 Add: Adjustment 285,420,920.00 0.00 27.92 285,420,947.92 Receipts for the financial year 2010 5,025,296,000.00 840,632,061.67 44,765,312.79 5,910,693,374.46 Interest Capitalized 15,918,140.00 0.00 Foreign Exchange Adjustments 0.00 56,893,422.74 0.00 0.00 15,918,140.00 56,893,422.74 Sub-total 20,204,265,386.20 10,626,785,802.06 4,979,522,492.47 35,810,573,680.73 Less: Repayments for the financial Year 2010 Gain – Transfer to Revenue Principal Repayment (691,195,064.47) (1,896,192,125.84) (679,887,247.87) (3,267,274,438.18) 0.00 0.00 (990,800.55) (693,439.40) 0.00 0.00 (990,800.55) (693,439.40) Adjustment (280,000,000.00) 0.00 0.00 (280,000,000.00) TOTAL 19,233,070,321.73 8,728,909,436.27 4,299,635,244.60 32,261,615,002.60 Movements over the Financial Years 2006 to 2010 1.23 2010 is depicted in Table 2 and Chart 2 below.
The year end balance of the Public Debt over the Financial Years 2006 to 77 Auditor General’s Report 2010 Table 2 THE PUBLIC DEBT BALANCE AS AT THE END OF THE FINANCIAL YEARS 2006 TO 2010 Financial Year End Description Amount $ 2006 09 30 2007 09 30 2008 09 30 2009 09 30 2010 09 30 Local Loans External Loans Total Loans Local Loans External Loans 10,717,692,275.35 7,953,720,919.07 18,671,413,194.42 12,819,966,074.63 8,639,277,346.79 Total Loans 21,459,243,421.42 Local Loans External Loans Total Loans Local Loans External Loans Loans serviced under Head 18 – Ministry of Finance 12,414,623,023.86 9,289,600,146.54 21,704,223,170.40 14,877,630,326.20 9,729,260,317.65 4,934,757,151.76 Total Loans 29,541,647,795.61 Local Loans External Loans Loans serviced under Head 18 – Ministry of Finance 19,233,070,321.73 8,728,909,436.27 4,299,635,244.60 Total Loans 32,261,615,002.60 78 Auditor General’s Report 2010 Movements in the Public Debt Balances over the Financial Years 2006 to 2010 s r a l l o D f o s n o i l l i B 35 30 25 20 15 10 5 0 Local Loans External Loans Loans Serviced Under Hd 18 2006 10.718 7.954 2007 12.820 8.639 2008 12.415 9.290 2009 14.878 9.729 4.935 2010 19.233 8.729 4.300 Total Loans 18.672 21.459 21.705 29.542 32.262 CHART 2 Paragraph 1.23 refers 79 Auditor General’s Report 2010 CHARGES ON ACCOUNT OF THE PUBLIC DEBT Charges on Account of the Public Debt - $4,755,456,318.12 Charges on Account of the Public Debt comprise principal repayments, 1.24 interest payments and other payments and are accounted
 for under Head of Expenditure 19 for which a separate Appropriation Account is submitted.
1.25 The composition of the figure of $4,755,456,318.12 is given below: Principal Repayments $ Local Loans Foreign Loans Total Principal Loan Repayments (a) 397,516,702.97 435,048,125.84 832,564,828.81 Interest Payments $ Local Loans Foreign Loans Notes, Debentures and Others Total Interest Payments (b) 507,511,363.55 444,181,312.75 1,708,948,903.98 2,660,641,580.28 Other Payments $ 3,972,087.82 Management Expenses 442,909,820.00 Sinking Fund Contributions Discounts and Other Financial Instruments 784,698,485.43 Expenses of Issues 669,515.78 1,262,249,909.03 Total Other Payments (c) Total (a) + (b) + (c) 4,755,456,318.12 1.26 Total Expenditure for the five financial years 2006 to 2010.
Table 3 shows Charges on Account of the Public Debt as a percentage of 80 Auditor General’s Report 2010 Table 3 CHARGES ON ACCOUNT OF THE PUBLIC DEBT AS A PERCENTAGE OF TOTAL EXPENDITURE FOR THE FINANCIAL YEARS 2006 TO 2010 FINANCIAL YEAR TOTAL EXPENDITURE $’000 CHARGES ON ACCOUNT OF THE PUBLIC DEBT $’000 2006 2007 2008 2009 2010 39,295,564 41,538,808 55,459,763 45,328,778 46,112,566 3,390,344 4,278,667 3,799,654 4,952,232 4,755,456 % 8.63 10.30 6.85 10.93 10.31 Table 4 shows Charges on Account of the Public Debt as a percentage of Total Revenue excluding Capital Receipts and Borrowings for the five financial years 2006 to 2010.
Table 4 CHARGES ON ACCOUNT OF THE PUBLIC DEBT AS A PERCENTAGE OF TOTAL REVENUE (EXCLUDING CAPITAL RECEIPTS AND BORROWINGS) FOR THE FINANCIAL YEARS 2006 TO 2010 (a) FINANCIAL YEAR (b) TOTAL REVENUE (EXCLUDING CAPITAL RECEIPTS AND BORROWINGS) $’000 2006 2007 2008 2009 2010 37,404,187 38,480,823 54,315,320 37,563,986 42,298,215 (c) CHARGES ON ACCOUNT OF THE PUBLIC DEBT $’000 3,390,344 4,278,667 3,799,654 4,952,232 4,755,456 (d) (c) as a Percentage of (b) 9.06 11.12 7.00 13.18 11.24 81 Auditor General’s Report 2010 STATEMENT OF LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO Loans From General Revenue - $1,813,540,694.14 1.27 The figure of $1,813,540,694.14 representing the total balance of Loans from General Revenue outstanding as at 2010 September 30, increased by $57,131,380.18 or 3.25% over the previous year’s balance of $1,756,409,313.96.
(Treasury Statements referenced TS 11 to TS 16 refer.)
1.28 The figure of $1,813,540,694.14 is made up as follows: Balance brought forward at 2009 October 01 Loans from previous years now brought to account Less: Principal Repayments Amount overpaid Principal Repayments - $12,499,737.74 $ 1,756,409,313.96 69,631,116.90 1,826,040,430.86 (12,499,737.74) 1,813,540,693.12 1.02 1,813,540,694.14 1.29 $12,499,737.74 were made by the following entities: repayments Principal the for financial year 2010 amounting to Name of Entity Amount $ Sugar Manufacturing Company Limited 8,570,506.61 Government of Belize Trinity Cathedral Government of Barbados 13,238.06 15,865.36 3,900,126.71 12,499,736.74 1.30 Two loans were repaid in full during the financial year as follows:   Government of Belize repaid loan amount of $250,000.00 by 2010 June 14.
Sugar Manufacturing Company Limited repaid loan amount of $31,742,617.06 by 2010 September 30.

82 Auditor General’s Report 2010 1.31 2010 according to the various categories.
Table 5 below shows year end loan balances for the financial years 2006- Table 5 YEAR-END LOAN BALANCES FOR THE FINANCIAL YEARS 2006 TO 2010 Financial Year 2006 $ Financial Year 2007 $ Financial Year 2008 $ Financial Year 2009 $ Financial Year 2010 $ 78,105,987.00 5,067,357.51 1,914,804.60 0.00 0.00 1,506,100,105.71 1,506,018,675.79 1,506,018,675.79 1,506,018,675.79 1,506,018,675.79 114,466,922.57 123,543,041.66 123,175,090.77 123,159,690.87 114,573,318.92 127,268,755.43 127,256,462.60 127,243,862.45 127,230,947.30 192,948,699.43 Category State Controlled Enterprises Statutory Bodies Other Entities Other Governments Total 1,825,941,770.71 1,761,885,537.56 1,758,352,433.61 1,756,409,313.96 1,813,540,694.14 STATEMENT OF REVENUE Total Revenue Collected - $43,671,089,617.10 1.32 Actual revenue collected for the financial year 2010 as shown by the records of the Treasury was $43,671,089,617.10.
Treasury Statement referenced TS 17 refers.

1.33 classification.

Table 6 also shows comparative figures for the financial year 2009.
Table 6 and Chart 3 show revenue collected for the financial year 2010 by 83 Auditor General’s Report 2010 Table 6 ACTUAL REVENUE COLLECTED BY CLASSIFICATION FOR THE FINANCIAL YEAR 2010 Classification Actual Revenue Collected for the Financial Year 2010 $ Percentage of Total Revenue % Actual Revenue Collected for the Financial Year 2009 $ Tax Revenue Non-Tax Revenue Capital Receipts Financing 35,760,246,473.64 6,537,968,362.69 230,903,659.10 1,141,971,121.67 81.89 14.97 0.53 2.61 31,089,750,124.06 6,475,341,524.17 51,346,885.18 2,547,872,093.65 TOTAL 43,671,089,617.10 100.00 40,164,310,627.06 Actual Revenue Collected for the Financial Year 2010 by Classification 14.97% 0.53% 2.61% 81.89% $ Billion Tax Revenue Non-Tax Revenue Capital Receipts Financing 81.89% 14.97% 0.53% 2.61% $Billion Tax Revenue Non-Tax Revenue Capital Receipts $35.760 $6.538 $0.231 Financing (Borrowings) $1.142 CHART 3 Paragraph 1.33 refers.
84 Auditor General’s Report 2010 Comparison of Revenue Collected for the Financial Years 2009 and 2010 1.34 Table 6 when compared revealed the following: The Actual Revenue for the financial years 2009 and 2010 displayed at ● ● ● ● ● There was an overall increase of $3,506,778,990.04 in revenue collected in the financial year 2010 Tax Revenue increased by $4,670,496,349.58 Non-Tax Revenue increased by $62,626,838.52 There was an increase in Capital Receipts of $179,556,773.92 Borrowings decreased by $1,405,900,971.98.
1.35 (Borrowings) and Total Revenue over the financial years 2006 to 2010 Table 7 and Chart 4 which follow show the relationship between Financing Table 7 COMPARISON BETWEEN BORROWINGS AND TOTAL REVENUE OVER THE FINANCIAL YEARS 2006 TO 2010 Financial Year Financing (Borrowings) Tax/Non-Tax Revenue and Capital Receipts Total Revenue $’000 $’000 $’000 205,605 37,408,230 37,613,835 1,956,293 38,510,404 40,466,697 1,201,871 54,352,910 55,554,781 2,547,872 37,616,439 40,164,311 1,141,971 42,529,118 43,671,090 2006 2007 2008 2009 2010 Financing (Borrowings) as a percentage of Total Revenue % Ratio of Financing (Borrowings) to Total Revenue 0.55 4.83 2.16 6.34 2.61 1:183 1:21 1:46 1:15 1:38 85 Auditor General’s Report 2010 Comparison Between Borrowings and Total Revenue over the Financial Years 2006 to 2010 55 50 45 40 35 30 25 20 15 10 5 0 s r a l l o D f o s n o i l l i B 2006 2007 2008 2009 2010 Borrowings Revenue Collected Total Revenue CHART 4 Paragraph 1.35 refers 86 Auditor General’s Report 2010 STATEMENT OF EXPENDITURE Parliamentary Appropriation and Direct Charges on the Consolidated Fund For the financial year 2010, Parliament approved funds 1.36 totalling $38,100,263,659.00 for meeting expenditure for the service of Trinidad and Tobago.
Direct Charges on the Consolidated Fund totalled $12,138,444,367.00 of which $3,026,451,327.00 represents transfers to the Heritage and Stabilisation Fund (2nd, 3rd and 5th Supplementary Warrants refer).

Particulars of these allocations are detailed below: (i) Appropriation $ Appropriation (Financial Year 2010) Act, 2009 – Act No.

9 of 2009 assented to on 2009 September 28 36,915,359,658.00 Add: Supplementation/Variation of Appropriation 1st Suppl.

Gen.

Warrant (Act No.


1 of 2011) 1,184,904,001.00 Sub-Total 38,100,263,659.00 Direct Charges on the Consolidated Fund (ii) (in accordance with section 112(2) of the Constitution as set out in the Warrants for the financial year 2010): Warrant 1st Suppl.

Warrant 2nd Suppl.

Warrant 3rd Suppl.

Warrant 4th Suppl.

Warrant 5th Suppl.


Warrant $ $ 9,049,243,490.00 35,761,400.00 659,770,446.00 1,415,359,543.00 26,988,150.00 951,321,338.00 3,089,200,877.00 12,138,444,367.00 Total Parliamentary Appropriation and Direct Charges 50,238,708,026.00 1.37 Details of the total approved Estimates for the financial year are given in the Statement of Expenditure.

(Treasury Statements referenced TS 18 and TS 19 refer.)
During the financial year, the Minister of Finance authorized issues from the Consolidated Fund totalling $50,238,708,026.00.

87 Auditor General’s Report 2010 Actual Expenditure The records of the Comptroller of Accounts show that the actual 1.38 expenditure for the year ended 2010 September 30 under forty-seven Heads of Expenditure was $46,112,566,298.62.
The total of the expenditure shown on forty-seven Appropriation Accounts received in the Auditor General’s Department at 2011 March 04 was $46,109,006,951.23.

1.39 Table 8 highlights those Ministries/Departments where expenditure was in excess of one billion dollars and reflects the percentage of total expenditure incurred by each of these Ministries/Departments.
Table 8 ACTUAL EXPENDITURE IN EXCESS OF $1Bn INCURRED UNDER CERTAIN HEADS OF EXPENDITURE AS A PERCENTAGE OF TOTAL EXPENDITURE Head Ministry/Department Actual Expenditure $ Percentage of Total Expenditure (%) 15 18 19 20 22 26 28 39 40 42 43 54 56 Tobago House of Assembly Finance 1,757,931,378.90 8,822,243,461.13 Charges on Account of the Public Debt 4,755,456,318.12 Pensions and Gratuities National Security Education Health Public Utilities Energy and Energy Industries Local Government Works and Transport 1,858,567,231.17 4,637,331,030.61 3,354,175,947.35 3,489,486,232.43 2,462,194,556.92 1,058,074,239.27 1,580,828,903.04 2,132,611,698.80 Science, Technology and Tertiary Education 2,280,975,290.30 Social Development Sub-Total Other Ministries and Departments Total 2,696,032,540.54 40,885,908,828.58 5,226,657,470.04 46,112,566,298.62 3.82 19.14 10.32 4.03 10.05 7.27 7.56 5.34 2.30 3.43 4.63 4.94 5.84 88.67 11.33 100.00 88 Auditor General’s Report 2010 The figure of $8,822,243,461.13 shown as expenditure under Head 18 – 1.40 Ministry of Finance includes transfers totalling $5,039,751,327.00 in respect of the under mentioned: $ ● Infrastructure Development Fund 1,150,000,000.00 ● Heritage and Stabilization Fund – Direct Charges 3,026,451,327.00 ● Government Assistance for Tuition Expenses 625,000,000.00 ● CARICOM Petroleum Fund 100,000,000.00 ● Accident Victims Compensation Fund 138,300,000.00 Revenue compared with Expenditure Expenditure of $46,112,566,298.62 incurred for the financial year 2010 1.41 exceeded
 revenue collected of $43,671,089,671.10 by $2,441,476,627.52.
A comparison between Total Revenue and Total Expenditure and the Surplus/(Deficit) over the five financial years 2006 to 2010 is shown below at Table 9 and Chart 5.
Table 9 COMPARISON BETWEEN TOTAL REVENUE AND TOTAL EXPENDITURE FOR THE FINANCIAL YEARS 2006 TO 2010 Financial Year Total Revenue $ Total Expenditure Incurred $ Surplus/ (Deficit) $ 2006 37,613,834,894.12 39,295,563,742.53 (1,681,728,848.41) 2007 40,466,697,254.48 41,538,807,838.32 (1,072,110,583.84) 2008 55,554,781,138.37 55,459,762,820.85 95,018,317.52 2009 40,163,205,225.73 45,328,777,837.76 (5,165,572,612.03) 2010 43,671,089,671.10 46,112,566,298.62 (2,441,476,627.52) 89 Auditor General’s Report 2010 Comparison between Total Revenue and Total Expenditure for the Financial Years 2006 to 2010 s r a l l o D f o s n o i l l i B 60 50 40 30 20 10 0 2006 2007 2008 2009 2010 Total Revenue Total Expenditure CHART 5 Paragraph 1.41 refers STATEMENT OF LOANS OR CREDITS GUARANTEED BY THE GOVERNMENT OF TRINIDAD AND TOBAGO Maximum Guaranteed - $14,300,242,623.65 Contingent Liability - $11,027,905,884.23 1.42 Guaranteed by the Government of Trinidad and Tobago as at 2010 September 30.
Treasury Statements referenced TS 20 to TS 23 reflect Loans or Credits 1.43 Government for the financial year 2010 as follows: Five new loans amounting to $1,817,561,691.00 were guaranteed by the (i) (ii) National Infrastructure Development Company Limited (NIDCO) $ 60,219,007.00 Urban Development Company of Trinidad and Tobago Limited (UDECOTT) 497,342,684.00 (iii) National Insurance Property Development Company Limited (NIPDEC) 500,000,000.00 (iv) National Insurance Property Development Company Limited (NIPDEC) 360,000,000.00 (v) Education Facilities Company Limited 400,000,000.00 90 Auditor General’s Report 2010 1.44 existing loans, for which Letters of Comfort had been issued previously.
In addition the Government entered into guarantee arrangements for two National Infrastructure Development Company Limited (NIDCO) Urban Development Company of Trinidad and Tobago Limited (UDECOTT) $ 74,656,800.00 320,000,000.00 The loan of $10,000,000.00 to Tourism and Industrial Development 1.45 Company of Trinidad and Tobago (TIDCO) was fully repaid at 2010 September 30 and consequently the contingent liability was removed.

Loans to three other entities were fully repaid at 2010 September 30.
These entities are:  Export Import Bank of Trinidad and Tobago  National Maintenance Training and Security Company Limited  Petroleum Company of Trinidad and Tobago Limited.

1.46 A confirmation letter from the Water and Sewerage Authority (WASA) shows two Citicorp Merchant Bank loans for $99,327,195.00 and $456,419,000.00 respectively, recorded as being guaranteed by the Government of Trinidad & Tobago.

However, these loans were not reflected on the Statement received from the Comptroller of Accounts.
1.47 66.53 Mn on a loan from ANZ Bank which was not reflected on the Statement.

Similarly, a confirmation letter from NIDCO reflected a balance of US$ 1.48 Loan guarantee documents have not been presented for loans of $300,000,000.00 and $682,000,000.00 raised for the Water and Sewerage Authority (WASA) and NIPDEC respectively.

This matter was referred to previously in the 2009 Auditor General’s Report.
91 Auditor General’s Report 2010 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES ASSETS INVESTMENTS - $89,377,640.95 1.49 The balance on Investments at 2010 September 30 stood at $89,377,640.95.

This represented a decrease of $16,471,242.34 or 15.56% when compared to the previous year’s figure of $105,848,883.29.
Shown below are the four categories that comprise the figure for Investments: 2010 09 30 2009 09 30 $ $ (a) General (Treasury Deposits) 12,562,321.18 12,455,599.56 (b) Special Funds 56,319,216.84 72,638,340.80 (c) Trust Funds 17,888,993.75 18,147,833.75 (d) Investment Consolidated Fund 2,607,109.18 2,607,109.18 TOTAL 89,377,640.95 105,848,883.29 General (Treasury Deposits) - $12,562,321.18 These Investments comprise fixed deposits held at the Central Bank of 1.50 Trinidad and Tobago and funds in money market accounts at the Trinidad and Tobago Unit Trust Corporation (UTC).
The Investments were held on behalf of the undermentioned: 2010 09 30 2009 09 30 $ $ Administrator General (i) (ii) Pool Betting Deposits (iii) Ministry of Energy and Energy Industries – Mora Oil Ventures Ltd 1,205,178.24 1,202,265.52 1,350,000.00 1,250,000.00 10,107,142.94 9,903,334.04 TOTAL 12,562,321.18 12,455,599.56 92 Auditor General’s Report 2010 1.51 The reasons for the change from the previous year were as follows: Administrator General    New investments of $42,150.00 and interest of $311.31 on this amount.
Interest of $16,451.41 on an investment of $670,771.93 held at the UTC.

Termination of fixed deposit of $56,000.00.

Pool Betting Deposits  Termination of one Fixed Deposit of $100,000.00.
Ministry of Energy and Energy Industries – Mora Oil Ventures Limited  Capitalized interest of $203,808.90 Special Funds - $56,319,216.84 1.52 for the previous year are as shown below: The composition of the figure of $56,319,216.84 and comparative amounts 2010 09 30 $ 2009 09 30 $ Provident Fund 0.00 (i) (ii) Local Trustees of the Sinking Fund 53,551,471.21 (iii) T&T Defence Force Welfare Fund 2,767,745.63 800,000.00 69,136,851.73 2,701,489.07 TOTAL 56,319,216.84 72,638,340.80 1.53 result of the following: There was an overall decrease of $16,319,123.96 in the Special Funds as a Provident Fund  Termination of Provident Fund investment held at the UTC in the amount of $800,000.00.
Local Trustees of the Sinking Fund     Redemption of 10.25% Bonds which matured in 2010 February with a market value of $14,965,736.00; Net depreciation of $1,194,646.00 on revaluation of securities; Interest of $7,259.63 on a Yen Sinking Fund which was reinvested, and Foreign exchange appreciation of $567,741.85 on Yen Sinking Fund investment.

93 Auditor General’s Report 2010 T&T Defence Force Welfare Fund  Interest of $66,256.56 reinvested in the Money Market Fund at the UTC.
Trust Funds - $17,888,993.75 1.54 The figure of $17,888,993.75 represents amounts invested in mutual funds, fixed deposits, fixed rate bonds and foreign securities.

Investments are held with the Central Bank and the UTC.

1.55 The figure showed a decrease of $258,840.00 or 1.43% from the previous year’s figure.
Details of the composition of the balance as at 2010 September 30 and comparative figures at the end of the previous financial year are as follows: 2010 09 30 $ 2009 09 30 $ (i) (ii) (iii) Sugar Industry Rehabilitation Fund 140,000.00 (iv) Sugar Industry Price Stabilization Fund 164,022.00 (v) Trinidad Assurance Companies Ordinance 0.00 (vi) Cane Farmers Rehabilitation Fund 30,000.00 (vii) Sugar Industry Labour Welfare Fund 5,000,000.00 Post Office Savings Bank 8,509,597.95 8,509,597.95 Public Trustee 4,045,373.80 4,254,198.80 140,000.00 164,022.00 50,015.00 30,000.00 5,000,000.00 TOTAL 17,888,993.75 18,147,833.75 1.56 The investments relating to the Public Trustee showed a net decrease of $208,825.00 from the previous year’s figure as a result of new investments at the UTC to the value of $137,500.00 and withdrawal of units to a value of $346,325.00.
1.57 The Nil balance with respect to Trinidad Assurance Companies Ordinance resulted from an adjustment to record the redemption of 10.00% Bonds with a market value of $50,015.00 which matured on 2008 October 26, but which was not previously accounted for.

Investment Consolidated Fund - $2,607,109.18 1.58 The balance on this Fund as at 2010 September 30 has remained unchanged from the previous year’s figure and is comprised mainly of fixed deposits with the Central Bank of Trinidad and Tobago.
94 Auditor General’s Report 2010 Valuation of Investments 1.59 September 30 as follows: The Investments totalling $89,377,640.95 were valued as at 2010    Local investments were valued at market rate.

Investments held at the Central Bank of Trinidad and Tobago and the UTC were valued at cost.

Yen investment was revalued at the exchange rate at the year-end.

ADVANCES - $181,194,482.38 1.60 $2,072,118.14 and the balance on the Advances Fund of $179,122,364.24.
The figure of $181,194,482.38 is comprised of Treasury Deposits of Treasury Deposits - $2,072,118.14 1.61 State as at 2010 September 30 as a result of the following: Treasury Deposits totalling $2,072,118.14 represent amounts due to the $ $ Advances made to other Governments and Administrations 1,252,786.40 1,252,786.40 2010 09 30 2009 09 30 Advances in respect of payments made on behalf of other Governments 319,331.74 367,096.07 Other (Sugar Industry Labour Welfare Committee) 500,000.00 0.00 TOTAL 2,072,118.14 1,619,882.47 There was an increase of $452,235.67 or 27.92% from the previous year’s 1.62 balance of $1,619,882.47 mainly due to the fact that during the year, an amount of $500,000.00 was advanced to the Sugar Industry Labour Welfare Committee to make housing loans to sugar workers and cane farmers.
1.63 Amounts totalling $1,185,404,001.00 were authorized to be advanced out of Treasury Deposits in accordance with Section 17 (1) (b) of the Exchequer and Audit Act, Chapter 69:01 of which amounts totalling $1,184,904,001.00 were recovered within the financial year 2010.

Details of the amounts advanced are as follows: 95 Auditor General’s Report 2010 Amount $ Purpose To whom issued 500,000.00 To operate an Imprest Account from which Housing Loans are made available to Sugar Workers and Cane Farmers.
Permanent Secretary, Ministry of Planning, Housing and the Environment.

826,064,606.00 Payments due to Trinidad Generation Unlimited Permanent Secretary, Ministry of Finance.

358,839,395.00 Reimbursement for the encashment of Senior Citizens Grant, Social Assistance and Disability Grant Cheques.

Permanent Secretary, Ministry of the People and Social Development.
Advances Fund - $179,122,364.24 1.64 The figure of $179,122,364.24 represents balances outstanding on Motor Vehicle Loans, Computer Loans and Other Loans made to public officers as well as amounts held as Irredemable Imprests in accordance with Instruction 178 of the Financial Instructions, 1965.

1.65 previous year’s figure of $197,390,913.99.
The figure showed an increase of $18,268,549.75 or 9.26% over the 1.66 figures for the previous year are shown below: The composition of the balance as at 2010 September 30 and comparative 2010 09 30 2009 09 30 $ $ 153,652,114.06 Motor Vehicle Loans 145,619,593.58 Computer Loans 2,195,215.52 2,371,745.01 Irredeemable Imprests 29,927,308.18 40,075,042.60 Other Advances 1,380,246.96 1,292,012.32 TOTAL 179,122,364.24 197,390,913.99 Contingencies Fund - $0.00 1.67 For the financial year 2009/2010, amounts totalling $49,065,120.00 were authorized to be advanced from the Contingencies Fund to finance both the Parliamentary General Elections and the Local Government Elections.
96 Auditor General’s Report 2010 Approval from the Comptroller of Accounts was seen granting permission 1.68 to the Chief Election Officer of the Elections and Boundaries Commission (EBC) to issue cheques in excess of his budgetary allocation up to the limit of Warrant #1 for $13,418,442.00 as well as that for Warrant #2 of $35,646,678.00 totalling $49,065,120.00.
According to correspondence seen this approval was given as the issue of cheques by the Treasury would have placed an unusually heavy burden on the staff there.

Expenditure of $30,662,747.00 was incurred under the respective votes of 1.69 the Elections and Boundaries Commission (Head 8).

The amount of $30,662,747.00 was included in the First Supplementary General Warrant under Head 8 (Elections and Boundaries Commission) to replace the amounts expended.
CASH AND BANK - $1,161,347,361.31 1.70 the balance at the end of the previous year.

There was an overall reduction of $5,727,311,592.36 when compared with 1.71 The composition of the figure for Cash and Bank is given on the Consolidated Statement of Assets and Liabilities.

Treasury Statement referenced TS 24 refers.

Exchequer Account – ($13,194,288,777.77) 1.72 Comments on this account have been included at paragraphs 1.05 to 1.08 of this Report.
The Exchequer Account is the bank account for the Consolidated Fund.

Treasury Deposits Account - $5,142,494,027.17 1.73 The Treasury Deposits Account is the asset account for Treasury Deposits.

Receipts from Treasury Deposits are placed in this account and all authorized payments are made from this account.

1.74 Treasury Deposits Account when compared $7,125,279,210.01.
There was a decrease of $1,982,785,182.84 or 27.83% in the balance on the the previous year’s figure of to The balance according to the records of the Treasury of $5,142,494,027.17 1.75 was satisfactorily reconciled with the balance of $5,438,044,063.66 according to the records of the Central Bank of Trinidad and Tobago.

Treasury Funds Account - $277,864,605.39 1.76 the Contingencies Fund and Advances Fund.
The Treasury Funds Account is the repository for all receipts pertaining to 97 Auditor General’s Report 2010 There was an increase of $18,268,549.75 or 7.04% when compared to the 1.77 previous year’s figure of $259,596,055.64.

The figure of $277,864,605.39 at 2010 September 30 was reconciled with the debit balance of ($860,331,806.49) confirmed by the Central Bank of Trinidad and Tobago.
Treasury Suspense Account - $6,391,943.37 The Treasury Suspense Account is a clearing account into which all monies 1.78 collected on behalf of the Government of Trinidad and Tobago are deposited before being allocated to the other respective bank accounts.

1.79 $61,813.15 or 0.96% when compared to the previous year’s figure of $6,453,756.52.

The balance as at 2010 September 30 of $6,391,943.37 decreased by 1.80 $6,623,225,622.60 confirmed by the Central Bank of Trinidad and Tobago.
The figure of $6,391,943.37 was reconciled with the credit balance of Unemployment Fund - $5,331,688,154.47 Road Improvement Fund - $0.00 Infrastructure Development Fund - $1,105,435,071.76 NUGFW Training Fund - $5,319,350.56 Government Assistance For Tuition Expenses Fund - $160,025,765.94 Green Fund - $2,221,298,122.26 CARICOM Trade Support Fund - $38,716,056.65 CARICOM Petroleum Fund - $66,215,818.84 1.81 the corresponding Funds.
The above amounts represent the balances on the various bank accounts for Exchequer Suspense Account - $187,222.67 1.82 The Exchequer Suspense Account is an intermediary account into which collections by cashiers from the Comptroller of Accounts, District Revenue Offices and Central Administrative Services, Tobago (with respect to Tobago House of Assembly collections) are lodged before being transferred to the Treasury Suspense Account.
The balance represents mainly amounts deposited by the Tobago House of Assembly totalling $187,844.62 and other minor adjustments of ($621.95).

98 Auditor General’s Report 2010 LIABILITIES DEPOSITS - $5,211,859,736.75 1.83 The figure of $5,211,859,736.75 represents monies held on deposit as at 2010 September 30.

The composition of the figure at 2010 September 30 and comparative figures at the previous year end are shown below.
2010 09 30 2009 09 30 $ $ Treasury Deposits (General) 2,377,833,518.30 Special Funds 2,520,983,944.17 Trust Funds 313,042,274.28 TOTAL 5,211,859,736.75 7,210,663,926.26 3,143,066,450.00 3,829,927,996.93 237,669,479.33 Treasury Deposits (General) - $2,377,833,518.30 Treasury Deposits (General) are amounts held by the Treasury pending 1.84 application for repayment in accordance with the purposes for which the deposits were made.
The amount of $2,377,833,518.30 is the total of deposits still on hand at the end of the financial year 2010.

There was a decrease of $765,232,931.70 or 24.35% from the previous year.
1.85 with comparative figures at the end of the financial year 2009 is as follows: The composition of Treasury Deposits (General) at 2010 September 30 2010 09 30 2009 09 30 $ $ General Magistrates’/High Court Maintenance Payments by Other Governments and Administrations 2,376,451,195.70 724,173.06 3,140,903,145.23 679,395.06 658,149.54 1,483,909.71 TOTAL 2,377,833,518.30 3,143,066,450.00 There was a decrease of $764,451,919.53 in General Deposits which 1.86 represented 99.9% of the total decrease in Treasury Deposits (General).
The account - Production Sharing Contracts represents 69% of the total balance of General Deposits.

There was a decrease of $355,509,185.28 or 18% in this account when compared to the previous year.

1.87 There was also a decrease of $825,760.17 or 55.65% in the account – Payments by Other Governments and Administrations, as a result of payments exceeding deposits to this account.
99 Auditor General’s Report 2010 Special Funds - $2,520,983,944.17 1.88 The composition of the figure of $2,520,983,944.17 is given at Schedule A to the Consolidated Statement of Assets and Liabilities.

Treasury Statement referenced TS 42 refers.

1.89 There was a net decrease of $1,308,944,052.76 or 34.18% from the balance of $3,829,927,996.93 at the end of the previous financial year.

This decrease was accounted for by movements in the under-mentioned four accounts.
Provident Fund – $412,620.75 1.90 There was a net decrease of $875,823.00 or 68% in this Fund due to the fact that contributions to the Fund and interest earned were less than the total withdrawals from the Fund.

Payments amounting to $170,905.94 were made to two depositors who retired during the financial year 2010.

An amount of $733,942.68 was also transferred to Unpaid Provident Fund representing the balances on Inactive Accounts.
Financial Statements of the Provident Fund for the financial year ended 1.91 2010 September 30 were received in the Auditor General’s Department on 2011 January 31.

A separate Audit Report is submitted in respect of these financial statements.

Local Trustees of the Sinking Fund - $2,511,086,717.19 1.92 There was a net decrease of $1,308,134,136.32 or 34.25% from the previous year’s figure of $3,819,220,853.51.

This was due to an excess of payments over receipts.
Four securities totalling $1,754,822,011.50 were redeemed during the year.

Savings Bond Reserve Fund - $238,170.00 1.93 Bondholders.

This Fund decreased by $350.00 which represented interest payments to Welfare Fund – Trinidad and Tobago Defence Force - $3,798,015.44 1.94 reinvested in the Money Market Fund at a financial institution.

The increase of $66,256.56 or 1.78% in this Fund represents interest Trust Funds - $313,042,274.28 1.95 Treasury Statement referenced TS 43 refers.
The figure of $313,042,274.28 represents the total of balances on 16 Funds.

100 Auditor General’s Report 2010 There was an overall increase of $75,372,794.95 or 31.71% over the 1.96 previous year’s figure of $237,669,479.33.

This was due largely to increases in the following Funds:  The Petroleum Products Subsidy Fund which increased by $72,842,853.35 and accounted for 96.64% of the total increase; and  The Sugar Industry Labour Welfare Fund which increased by $1,982,199.17.
FUNDS – ($3,779,940,252.11) 1.97 This figure of ($3,779,940,252.11) represents the difference between balances totalling $16,940,078,844.70 on several Funds and the negative balance of ($13,160,138,592.59) on the Consolidated Fund.

Unemployment Fund - $5,331,688,154.47 1.98 The balance on the Unemployment Fund showed an increase of $570,750,905.61 or 12% over the previous year’s balance.
This was due to an excess of receipts over payments for 2010 as follows: Receipts Levy collected for 2010 Interest on cash balances Miscellaneous receipts $ 913,384,882.81 71,679,583.12 3,920,689.12 988,985,155.05 Payments Ministry of Agriculture, Land and Marine Resources Ministry of Finance Ministry of Finance re Tobago House of Assembly 17,000,000.00 418,234,249.44 54,890,630.09 346,343,619.35 Net Increase 570,750,905.61 1.99 Movements in the Unemployment Fund were as follows: Balance b/f from 2009 October 01 Add: Receipts for 2010 Less: Payments for 2010 TOTAL $ 4,760,937,248.86 988,985,155.05 5,749,922,403.91 (418,234,249.44) 5,331,688,154.47 Treasury Statements referenced TS 44 and TS 45 refer.
101 Auditor General’s Report 2010 Road Improvement Fund – Nil 1.100 The Road Improvement Fund ceased to be operational since 2006 February 08 when Part X of the Miscellaneous Taxes Act was repealed by Section 5 Part V of the Finance Act 2006 (Act No.2 of 2006).

Note 4 to the Accounts is relevant.
1.101 as under: However, there were receipts into the Fund during the Financial year 2010  Write back of unpaid cheques as at 2010 May   Unspent balances from Municipal Corporations Interest on cash balances for previous years $ 27,284.86 1,540,119.74 3,345,060.05 4,912,464.65 1.102 For the financial year 2010, movements in the Fund were as follows: Balance b/f from 2009 October 01 Receipts for 2010 $ 161,372,103.48 4,912,464.65 166,284,568.13 Less: Amount transferred to Consolidated Fund Amount set aside in Treasury Deposit Account 111/632 to meet liabilities re: unpaid cheques Balance (166,257,283.27) (27,284.86) 0.00 Treasury Statements referenced TS 46 and TS 47 refer.
Infrastructure Development Fund - $1,105,435,071.76 1.103 The Fund decreased by $2,163,305,122.66 or 66.2% from the previous year’s figure of $3,268,740,194.42.

Receipts into the Fund for the financial year totalling $1,185,140,594.72 comprised the following: $ Interest earned for 2010   Unspent balances from several Municipal Corporations  Transfers from the Consolidated Fund 32,719,680.11 2,420,914.61 1,150,000,000.00 1.104 $3,348,445,717.38.

Treasury Statements referenced TS 48 and TS 49 refer.
Expenditure from the Fund by Ministries and Departments totalled 102 Auditor General’s Report 2010 National Union of Government and Federated Workers (NUGFW) Training Fund - $5,319,350.56 1.105 The National Union of Government and Federated Workers (NUGFW) Training Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No.

280 dated 2004 September 27 refers).

1.106 Fund with effect from 2004 October 01.


The Chief Personnel Officer was appointed Administering Officer for the 1.107 year’s figure of $5,240,739.47 due to interest earned on cash balances.

The Fund showed an increase of $78,611.09 or 1.5% over the previous 1.108 year 2010.

Treasury Statements referenced TS 50 and TS 51 refer.
There were no receipts into or withdrawals from the Fund in the financial Government Assistance for Tuition Expenses Fund - $160,025,765.94 The Government Assistance for Tuition Expenses Fund (GATE Fund) was 1.109 established by Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No.

329 dated 2004 December 09 refers.)


The balance in the Fund of $160,025,765.94 at 2010 September 30 1.110 increased by $54,436,495.58 or 51.55% when compared to the balance at 2009 September 30 of $105,589,270.36 due to an excess of receipts over payments for the financial year 2010.

Treasury Statements referenced TS 52 and TS53 refer.
1.111 Movements in the GATE Fund for the financial year 2010 were as follows: $ Balance b/f at 2009 October 01 Total receipts for financial year 2010 Total payments for financial year 2010 Balance as at 2010 September 30 Green Fund - $2,221,298,122.26 105,589,270.36 638,658,024.82 744,247,295.18 (584,221,529.24) 160,025,765.94 1.112 The Green Fund was established under section 65 (1) of the Miscellaneous Taxes Act (the Act).
According to section 64 of the Act, the purpose of the Fund is to enable grants to be made to community groups and organizations primarily engaged in activities related to the remediation, reforestation and conservation of the environment.

1.113 Fund Levy in accordance with section 62 of the Act.

The Board of Inland Revenue is charged with the collection of the Green 103 Auditor General’s Report 2010 1.114 or 16.49% over the previous year’s balance.
The figure of $2,221,298,122.26 represents an increase of $314,456,963.47 1.115 Receipts into the Fund for the financial year 2010 amounted to $325,081,479.47.

This comprised net receipts from the Board of Inland Revenue of $295,061,118.59 in respect of the Green Fund Levy and interest $30,020,360.88 on cash balances.

1.116 $10,624,516.00.

Treasury Statements referenced TS 54 and TS 55 refer.
Withdrawals from the Fund during the financial year 2010 amounted to CARICOM Trade Support Fund - $38,716,056.65 1.117 The CARICOM Trade Support Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No.

13 dated 2005 January 12 refers.)

1.118 The purpose of the Fund is to alleviate the adverse impact of the recessionary conditions on the economies of the Member States and to improve regional trade.
1.119 The balance in the Fund at 2010 September 30 was $38,716,056.65, an increase of $572,158.47 or 1.5% over the previous year’s figure of $38,143,898.18.

This increase represented interest for the financial year 2010.

No monies were transferred from the Consolidated Fund into this Fund 1.120 neither were there any withdrawals from this Fund for the financial year 2010.

Treasury Statements referenced TS 56 and TS 57 refer.
CARICOM Petroleum Fund - $66,215,818.84 1.121 Cabinet in 2006 September agreed, inter alia, “to the creation of a CARICOM Petroleum Fund under section 43(2) of the Exchequer and Audit Act, Chapter 69:01 to provide relief to CARICOM States in accordance with the criteria agreed to between the Heads of Government and the CARICOM Secretariat.” The criteria agreed to, according to information provided, are poverty 1.122 alleviation, disaster mitigation, disaster recovery efforts in emergency cases, national security and infrastructure development programmes in the OECS in very special circumstances.
1.123 figure of $39,643,299.82.

This Fund increased by $26,572,519.84 or 67% from the previous year’s 104 Auditor General’s Report 2010 Receipts into the Fund for the financial year 2010 totalled $100,699,189.02 1.124 comprising transfers from the Consolidated Fund totalling to $100,000,000.00 and interest of $699,189.02 earned on cash balances.

Payments made from the Fund for 2010 amounted to $74,126,670.00, 1.125 resulting in the balance at 2010 September 30 being $66,215,818.84.
(Treasury Statements referenced TS 58 and TS 59 refer).

Payments were as follows: (1) $6,357,800.00 – To the Caribbean Disaster Emergency Management Agency (CDEMA) – Contribution towards Disaster Relief and Recovery Efforts in the Republic of Haiti.

(2) $31,803,000.00 – To the Republic of Haiti – To assist with disaster relief efforts associated with the earthquake in 2010 January.
(3) $31,762,000.00 – To UWI Mona Campus – For the upgrade of the University of the West Indies (UWI) Hospital at Mona, Jamaica.

(4) $4,203,870.00 – To the CARICOM Development Fund (CDF) – Contribution to complete a shortfall of member country contributions to the Fund.

Payments at (3) and (4) above were not in keeping with the purpose of the Fund as notified.
Advances Fund - $351,500,000.00 1.126 This Fund consists of amounts set aside from the Consolidated Fund to provide loans to public officers for certain purposes as well as to fund Irredeemable Imprests.

There were no changes to the Fund amount for the financial year 2010.
Contingencies Fund - $100,000,000.00 1.127 The Contingencies Fund was established in accordance with section 16 (1) of the Exchequer and Audit Act, Chapter 69:01 to defray unforeseen expenditure not provided for by the Appropriation Act relating to that year.

By Legal Notice No.

203 dated 2006 September 21, the previous authorized 1.128 limit of $25,000,000.00 for the Contingencies Fund was increased to $100,000,000.00.

The value of the Fund remained unchanged for the financial year 2010.
Consolidated Fund – ($13,160,138,592.59) 1.129 The balance on the Consolidated Fund of ($13,160,138,592.59) as at 2010 September 30 increased by ($2,404,985,386.27) or 22.36% when compared to the balance as at 2009 September 30 of ($10,755,153,206.32).
105 Auditor General’s Report 2010 1.130 financial year 2010 and net adjustments as follows: This increase was due to an excess of expenditure over revenue for the $ Revenue for 2010 - 43,671,089,617.10 Expenditure for 2010 - (46,112,566,298.62) (2,441,476,681.52) Add: Unpaid cheques for 2008/2009 written back 38,029,971.19 Less: Prior year’s adjustments (1,538,675.94) (2,404,985,386.27) 1.131 at Treasury Statement referenced TS 25, were as follows: Movements in the Consolidated Fund for the financial year 2010 as shown $ Balance as at 2009 October 01 (10,755,153,206.32) Add: Excess of Expenditure over Revenue (2,441,476,681.52) (13,196,629,887.84) Add: Net Adjustments 36,491,295.25 Balance as at 2010 September 30 (13,160,138,592.59) 106 Auditor General’s Report 2010 STATEMENT OF LOANS FROM THE FUNDS FOR LONG TERM DEVELOPMENT Loans from the Funds for Long Term Development - $431,493,213.79 1.132 The Statement of Loans from the Funds for Long Term Development as at 2010 September 30 reflected balances totalling $431,493,213.79.
Treasury Statements referenced TS 40 and TS 41 refer.

1.133 There was a decrease of $8,724,513.58 or 1.98% from the previous year’s balance of $440,217,727.37 as a result of principal repayments totalling $8,468,938.57 and a decrease of $255,575.01 due to the conversion of a loan denominated in United States dollars at the exchange rate at the year end.
1.134 Funds as shown below: The figure of $431,493,213.79 comprises balances on loans under several Caribbean Integration Fund Government of St. Vincent 3,215,756.04 Government of Guyana 217,152,314.51 $ Port Development Fund Port Authority of Trinidad and Tobago 5,100,000.00 Participation in Commercial Enterprises Fund Trinidad and Tobago Mortgage Finance Company Limited 9,149,937.36 Sport, Culture and Community Development Fund Naparima Star Lodge and Pride of Naparima Lodge 80,953.00 Housing and Resettlement Fund Trinidad and Tobago Mortgage Finance Company Limited 19,253,876.32 Long Term Development Fund Trinidad and Tobago Mortgage Finance Company Limited 177,540,376.56 TOTAL 431,493,213.79 107 Auditor General’s Report 2010 Total repayments for the financial year 2010 amounted to $8,468,938.57 1.135 and were made by the Government of Guyana ($1,487,783.74) and the Trinidad and Tobago Mortgage Finance Company Limited ($6,981,154.83).
108 Auditor General’s Report 2010 109 Auditor General’s Report 2010 110 Auditor General’s Report 2010 CHAPTER 2 ACCOUNTS OF ACCOUNTING OFFICERS 111 Auditor General’s Report 2010 112 Auditor General’s Report 2010 CHAPTER 2 ACCOUNTS OF ACCOUNTING OFFICERS EXPENDITURE Parliamentary Approval Appropriation Parliament, by means of the Appropriation (Financial Year 2010) Act, 2009 2.01 (Act No.9 of 2009) which was assented to on 2009 September 28, approved an amount of $36,915,359,658.00 for meeting expenditure for the service of Trinidad and Tobago for the financial year ending 2010 September 30.
Adjustment to Appropriation 2.02 totalling $1,184,904,001.00 Appropriation approved being $38,100,263,659.00.

Subsequent to the passing of Act No.

9 of 2009, there was an adjustment total the original Appropriation resulting the to in Direct Charges 2.03 The Minister of Finance, by Warrant dated 2009 September 29, authorized the withdrawal from the Consolidated Fund for the financial year ending 2010 September 30, sums not exceeding in aggregate the sum of $9,049,243,490.00.
Subsequent to Warrant dated 2009 September 29, totalling $3,089,200,877.00 resulting in a total authorised withdrawal of $12,138,444,367.00.

five Supplementary Warrants there were Total Authorized Expenditure Total authorized expenditure for the financial year 2010 was therefore 2,04 $50,238,708,026.00 comprising Appropriations of $38,100,263,659.00 and Direct Charges of $12,138,444,367.00.

Details are given at paragraph 1.36 of Chapter 1 of this Report.
Total Expenditure Incurred 2.05 An amount of $46,112,566,298.62 is shown as total expenditure incurred under 47 Heads of Expenditure on the Statement of Expenditure.

Details are shown at Treasury Statements TS 18 and TS 19.

113 Auditor General’s Report 2010 Appropriation Accounts 2.06 Appropriation Accounts in respect of 36 Heads of Expenditure were received in the Auditor General’s Department at 2011 January 31.
Appropriation Accounts were received in respect of 11 Heads of Expenditure after 2011 January 31.

Details are given at Appendix 2 to this Report.

Expenditure by Classification 2.07 The total expenditure shown on 47 Appropriation Accounts received in the Auditor General’s Department at 2011 March 04 was $46,109,006,951.23.

An analysis of this expenditure according to classification is shown at Table 10 and Chart 6 below.
TABLE 10 ANALYSIS OF ACTUAL EXPENDITURE ACCORDING TO CLASSIFICATION FOR THE FINANCIAL YEAR 2010 AS REFLECTED IN THE APPROPRIATION ACCOUNTS RECEIVED IN THE AUDITOR GENERAL’S DEPARTMENT Sub Head - Classification Expenditure Incurred Percentage $ % 01 - Personnel Expenditure 6,292,771,906.90 13.65 02 - Goods and Services 5,424,741,872.78 11.76 03 - Minor Equipment Purchases 197,066,826.70 0.43 04 - Current Transfers and Subsidies 19,711,178,001.78 42.75 05 - Acquisition of Physical Capital Assets 71,171,684.61 0.15 06 - Current Transfers to Statutory Boards and Similar Bodies 5,354,564,166.84 11.62 07 - Debt Servicing 6,048,223,825.43 13.12 09 - Development Programme 3,009,288,666.19 6.52 TOTAL 46,109,006,951.23 100.00 114 Auditor General’s Report 2010 Analysis of Actual Expenditure incurred by Ministries/Departments for the Financial Year 2010 by Classification 6.52% 13.12% 11.62% 42.75% 13.65% 11.76% 0.43% 0.15% 01 - Personnel Expenditure 02 - Goods and Services 03 - Minor Equipment Services 04 - Current Transfers and Subsidies 05 - Acquisition of Physical Capital Assets 01 – OFFICE OF THE PRESIDENT 06 - Current Transfers to Statutory Boards and Similar Bodies Audit Scope 2.08 The audit examination included a review of the system of internal controls applicable to the Public Accounts including the internal audit function.
The audit also included the examination of the subsidiary books and records of the various Ministries and Departments in order to verify the correctness of amounts shown in the Appropriation Accounts.

Subsidiary books and records include documents showing particulars of 2.09 Financial Management, Human Resource information, procurement of Goods and Services and Assets and Stores Management.
Sample testing together with physical verification and site visits were 2.10 employed in the assessment of the system of internal controls at Ministries and Departments.

2.11 Financial Statements presented by the Accounting Officers.
The integrity of the subsidiary records contributes to the reliability of the 115 Auditor General’s Report 2010 HEADS OF EXPENDITURE – 2010 2.12 The audit findings recorded in this Chapter focus on Heads of Expenditure and the allocations so approved by Parliament in respect of the financial year 2010.

These include examples of weaknesses in the system of internal controls, as well as non- compliance with legislative requirements and/or financial directives.
Comments also include the lack of proper maintenance of the relevant subsidiary books and records.

2.13 Audit findings have been discussed with Accounting personnel and accountable officers at Exit Meetings and communicated in writing by way of Management Letters addressed to the Permanent Secretary or Head of Department (Accounting Officer).

In certain instances, responses indicating corrective measures taken were received from Accounting Officers.

2.14 under various Heads of Expenditure as indicated.
The following are observations arising from the examination of expenditure Financial Statements 03 – JUDICIARY 2.15 revealed the following errors and omissions: A review of the Appropriation Account and the accompanying Notes (i) Figures relating to the First and Fourth Supplementary Warrants and Transfers of Funds between Sub Heads were not reflected at Section A of the Appropriation Statement.
(ii) Total Expenditure of $322,912,111.05 on the Appropriation Account did not agree with the figure of $288,064,948.94 in the Vote Book, the figure of $323,235,504.41 in the Final Expenditure Notification or the figure of $323,301,443.12 according to the records of the Treasury.

There were no final figures in the Abstract of Payments.

(iii) The figure of $2,225,947.33 shown as Minor Equipment Purchases was not reflected in the Monthly Abstract of Payments.
(iv) Authority was not seen for expenditure totalling $519,077.65 incurred in excess of the approved Estimates and amounts released under Official and Overseas Travel Facilities Overseas Travel ($361,000.00).

($158,077.65) (v) to the Appropriation Account there were 29 cases of According overpayment totalling $44,569.15 whereas the records revealed 53 cases totalling $195,322.73.
116 Auditor General’s Report 2010 03 – JUDICIARY (cont’d) Financial Statements (cont’d) (vi) The Appropriation Account showed overpayments recovered totalling $37,883.14, whereas the records showed amounts totalling $88,060.63.

(vii) The figure of $61,839,065.93 reported at Note 2J – Trust and Other Monies Held was not verified as returns from five Courts were not seen and estimated figures were entered for two Courts.
(viii) Outstanding Commitments of $2,056,437.50 shown in the Appropriation Account under Goods and Services did not agree with the figure of $1,651,519.34 shown in the records.

(ix) (x) Figures for the year 2010 with respect to Personnel Expenditure and Goods and Services shown at Note 3 - Comparative Statement of Expenditure 2006-2010 did not agree with the figures in the Summary of Expenditure.

A Reconciliation Statement as at 2010 September 30 was not produced for audit.
As a result the figure of $9,212,091.05 shown as Unpresented Cheques at Note 7 was not verified.

Contract Employment 05 – PARLIAMENT 2.16 Formal contracts of employment were not seen for two of the ten officers in the audit sample.

As a result, terms and conditions of employment for these officers were not ascertained.
Operations of Constituency Offices 2.17 Personal Emoluments were noted as under: Several breaches of the Constituency Operations Manual in the area of (i) (ii) Pertinent information was omitted from the Constituency Employee Personal Data Forms.

The Constituency Employee Personal Data Forms were not signed and dated by the respective Member of Parliament.

(iii) Payment was effected based on forms with a photocopy of the signature of the Member of Parliament.
117 Auditor General’s Report 2010 05 – PARLIAMENT (cont’d) Operations of Constituency Offices (cont’d) (iv) An examination of Pay Record Cards revealed that during the period 2010 June to 2010 November, amounts totalling $271,578.36 were paid to eight persons in six Constituency Offices who were not employees of these offices.
Development Programme Refurbishment and Re-tooling of Constituency Offices of the Members of the House of Representatives 2.18 An Executive Desk was purchased at a cost of $12,500.00.

However, the desk identified as such did not appear to fit the description.

Further, another Executive Desk purchased at a cost of $7,187.50 was not seen at the Constituency Office at the time of audit.
2.19 A physical check of items at eight constituency offices revealed differences between the items seen and the records of the Office of the Parliament.

At one office, an inventory of furniture and equipment was not seen.

08 – ELECTIONS AND BOUNDARIES COMMISSION Personnel Expenditure Overtime 2.20 with financial directives in that: Payment of overtime allowances totalling $108,622.00 was not consistent (i) Payment was made to officers in salary ranges above Range 46.
(ii) The rates of payment were in excess of rates computed in accordance with the relevant Personnel Department Circular.

(iii) Documentary evidence of officers authorized to approve and certify excess hours worked by monthly paid officers was not produced for audit.

Audit was therefore unable to determine whether there was authority for the excess hours worked.

(iv) The Overtime worked by a senior officer was not certified by the officer’s supervisor.
118 Auditor General’s Report 2010 08- ELECTIONS AND BOUNDARIES COMMISSION (cont’d) Personnel Expenditure (cont’d) Overtime (v) Statutory deductions such as Income Tax and contributions for National Insurance, where relevant, were either not made or the correct amount was not deducted.

The examination also revealed that correct Income Tax deductions on some pay sheets, were either crossed out or replaced by a lesser amount.
Contract Employment 2.21 The audit sample revealed that details of matters affecting personal emoluments payable, such as references to Cabinet and Ministerial approvals, dates of assumption of duty and contract period were not recorded on the Pay Record Cards.

2.22 Cabinet approval for the retention of a contract position was not produced for audit examination.

Further, Ministerial authority for the payment of salary for the period of unutilized leave for the officer was not produced for audit.
Short - Term Employment The Details of Estimates of Recurrent Expenditure 2010 states that 2.23 expenditure under this Vote should refer to “Short-term or revolving employment in specific Government Departments and Agencies where each employee’s term does not exceed six (6) months.” Audit examination revealed that six officers in a sample selected were employed continuously for periods of three years to nineteen years.
13 – OFFICE OF THE PRIME MINISTER Information Division Special audit of the archival assets of the Government Information Services Division 2.24 time of audit with physical items revealed the following: A comparison of the information in the Inventory Registers produced at the  Several items seen were not recorded in the Inventory Registers.

 Parts of the Register produced were illegible.

 Several of the items sampled at two locations were not seen at the time of audit.
  None of the items sampled had identification marks.

Items stored offsite were subject to conditions which could result in deterioration.

119 Auditor General’s Report 2010 13 – OFFICE OF THE PRIME MINISTER (cont’d) 2.25 Inventory Registers were not produced for audit.

Documented procedures for the stock count which was the basis for the 2.26 examined.
There was no evidence of internal audit examination on the records 18 – MINISTRY OF FINANCE BOARD OF INLAND REVENUE Development Programme - Refurbishment of Trinidad House 2.27 It was observed that a final payment of $152,141.06 was made to a company to supply fire safety equipment for Trinidad House.

The total cost of this contract was $304,282.10.

An attempt to physically verify the existence of these items purchased proved difficult as an Inventory Register was not produced for audit examination.
21 – MINISTRY OF PLANNING, HOUSING AND THE ENVIRONMENT Financial Statements Expenditure 2.28 Total expenditure reflected in the Appropriation Account for the period 2009 October 01 to 2010 June 15 was $360,056,041.90.

This was $299,896.12 more than the total expenditure of $379,756,145.78 according to the Abstract of Payments for the two Accounting Units of this Ministry.
2.29 between the figures according to various records as shown below: With respect to one of the Accounting Units, there was disagreement Appropriation Account Abstract of Payments Final Expenditure Notification Treasury Card - - - - $24,724,367.72 $24,481,336.32 $38,139,559.56 $40,985,395.79.

Note 2c – Overpayments discovered during the year According to the Appropriation Account, there were 66 cases of 2.30 overpayment totalling $116,061.43.
However, an examination of the Ministry’s records revealed 79 cases of overpayment totalling $171,223.75.

120 Auditor General’s Report 2010 21 – MINISTRY OF PLANNING, HOUSING AND THE ENVIRONMENT (cont’d) Financial Statements (cont’d) Note 2. k.i.–Outstanding Commitments According to Note 2. k. i. to the Appropriation Account, Outstanding 2.31 Commitments totalled $2,068,254.01.

However, the records of the Ministry showed a total of $571,885.78.
Note 5 – Statement of Bank Accounts Held 2.32 The Appropriation Account at Note 5 showed bank accounts held by organizations other than the Ministry.

This was not in keeping with the directives of Comptroller of Accounts Circular No.

11 dated 2010 August 24 which required information relative to the Ministry only.
22 – MINISTRY OF NATIONAL SECURITY Financial Statements Note 2c – Overpayments discovered during the year 2.33 According to the Note to the Appropriation Account, 1,265 cases of overpayment totalling $5,739,100.39 were discovered during the year of which 1,253 were reported to the Auditor General.

However, the records of the Auditor General show that 581 reports in respect of overpayments totalling $2,906,725.88 were received.
In addition, five cases of overpayment totalling $17,623.14 reported to the Auditor General were not reflected in the Overpayment Register or the Note.

2.34 Further, Overpayment Registers for six Divisions of the Ministry were not presented for audit examination.

As a result the accuracy of the information in the Note was not determined.

Note 2.k.i.

– Outstanding Commitments 2.35 The total figure of $52,679,358.57 shown as Commitments at Note 2.k.i.
to the Appropriation Account did not agree with the audited figure of $53,324,715.59 verified from the Vote Books.

Note 2.k.ii.

– Particulars in respect of Contracts already entered into but not yet completed 2.36 at Note 2.k.ii.

concerning particulars of incomplete contracts was not verified.

A contract register was not produced for audit.


As a result the information 121 Auditor General’s Report 2010 22 – MINISTRY OF NATIONAL SECURITY (cont’d) Financial Statements (cont’d) FIRE SERVICE Stock Records 2.37 Surveys were conducted at two Fire Stations.

At one of the Stations there was a shortage of 7,753.57 litres in the stock of fuel (Diesoline).
This loss was not noted on the Stock Records Sheets, neither was there evidence that it was reported to the Head of Department, the Ministry of Finance or the Auditor General as required by financial directives.

Records not produced 2.38 An Overpayment Register, a Contract Register and Vehicle Log Books were not produced for audit.

Financial directives required that these records be maintained.
POLICE SERVICE Overpayments From a sample of 28 officers, the personal files for 18 officers bore no 2.39 evidence that the officers were informed of overpayments totalling $863,309.21.

Also, there was no evidence that the overpayments were reported to the Auditor General as required by financial directives.

2.40 The Overpayment Register was not maintained in accordance with financial directives in that 15 cases of overpayment totalling $708,345.07 were not entered in the Register.
23 – MINISTRY OF THE ATTORNEY GENERAL Minor Equipment Purchases 2.41 Audit examination revealed that payments totalling $20,125.00 were made in 2010 March for items of furniture which were recorded on the voucher as having been received, but which were not seen at the time of survey in 2011 January.

Inventory Records 2.42 audit.


Inventory records for office furniture and equipment were not produced for 122 Auditor General’s Report 2010 25 – MINISTRY OF FOOD PRODUCTION, LAND AND MARINE RESOURCES General Administration Minor Equipment Purchases Payments totalling $20,010.00 were made in 2010 April to a supplier for 2.43 items which had not been delivered at 2011 January 12.

This payment was in direct contravention of Regulations 69 (1) and 71 (1) (f) of the Financial Regulations, Chapter 69:01.
Inventory Records 2.44 Inventory records were not produced for audit examination.

Cheques prepared/issued before receipt of items Cheques totalling $893,233.77 were found to have been prepared in favour 2.45 of suppliers for items which had not been received at the end of the financial year.

This comprised Minor Equipment Purchases ($61,548.35), Goods and Services ($61,163.46) and Development Programme ($770,521.96).
Further, cheques totalling $581,919.81 had been issued without the items having been received.

The foregoing actions are contrary to financial regulations.

26 – MINISTRY OF EDUCATION Financial Statements Note 2c – Overpayments discovered during the year 2.46 According to Note 2c, 727 cases of overpayment were discovered and reported to the Comptroller of Accounts and Auditor General.

These overpayments totalled $6,198,005.75.


2.47 Audit has noted that the total amount discovered as having been overpaid for the years 2005 to 2009 is $26,480,715.31, bringing the total overpaid as at 2010 September 30 to $32,678,721.16.

2.48 It has been noted that there has been a steady increase in overpayments over the past six years.

This matter was reported previously in the 2009 Auditor General’s Report.
123 Auditor General’s Report 2010 26 – MINISTRY OF EDUCATION (cont’d) Financial Statements (cont’d) Note 2d– Losses of Cash, Stamps and Stores which were discovered during the year The total value of losses of cash, stamps and stores discovered during the 2.49 year and reflected in the Notes to the Appropriation Account is $1,901,600.14.
A review of the losses reported in the Notes to the Appropriation Account for the years 2005 to 2009 shows that losses increased from $38,796.15 in 2005 to $1,901,600.14 in 2010 with the amount in 2007 being $2,779,487.00.

The total losses discovered in the six years amounted to $8,285,417.40.

Pension and Leave Records 2.50 Evidence was not seen that Pension and Leave Records of employees were being submitted annually to the Comptroller of Accounts as required by Comptroller of Accounts Circular No.
6 of 1992.

Rent/Lease – Office Accommodation and Storage Current lease agreements were not seen for three properties rented by the 2.51 Ministry.

As a result the expenditure relating to rental of these properties totalling $1,285,400.00 VAT inclusive could not be verified.

Contract Employment 2.52 Certain contract agreements were not produced for audit.

As a result emoluments paid to several employees engaged on contract were not verified.
Further, evidence that terms and conditions of employment were sought from the Chief Personnel Officer was not seen in all instances.

Deposit Accounts 2.53 Records as required by the Financial Instructions, 1965 were not produced for audit for six Deposit Accounts.

In addition, up to date reconciliation statements for these accounts were not seen.

The balances on two of these accounts at 2010 September 30 were $6,225,956.00 and $12,265,955.71 respectively.
124 Auditor General’s Report 2010 30 – MINISTRY OF LABOUR AND SMALL AND MICRO ENTERPRISE DEVELOPMENT Financial Statements Note 2d – Loss of Cash, Stamps and Stores which were discovered during the year 2.54 A Nil balance was reported in the Appropriation Account.

However, a copy of a memorandum from the Assistant Commissioner of Police to the Comptroller of Accounts received in the Auditor General’s Department advised of a loss of 57 cellular phones valued at $40,000.00 on 2010 February 04.
There was no evidence that this loss was reported by the Ministry to the Comptroller of Accounts and the Auditor General in accordance with financial directives.

Note 2.k.i.
– Outstanding Commitments 2.55 Account with respect to Outstanding Commitments revealed the following discrepancies: A comparison of the records of the Ministry with the Appropriation Sub Head Appropriation Account Ministry’s Record Difference 02 Good and Services $120,511.72 $109,196.62 $11,315.10 09 Development Programme $250,060.48 $451,793.97 ($201,933.49) Note 3 – Comparative Statement of Expenditure for the last five (5) financial years 2006 - 2010 2.56 respect of the financial year 2008: The following errors were noted with respect to the figures quoted in Expenditure Classification Statement Figure Should Be Personnel Expenditure $24,972,789.69 $25,768,997.78 Goods and Services $42,591,423.02 $52,586,940.93 Minor Equipment Purchases $539,665.00 $570,870.25 125 Auditor General’s Report 2010 31 – MINISTRY OF PUBLIC ADMINISTRATION Financial Statements Note 2.k.ii.
– Particulars in respect of Contracts already entered into but not completed According to Note 2.k.ii to the Appropriation Account, the value of 2.57 contracts awarded during the financial year was $535,608,682.57, of which amounts totalling $217,001,955.54 were paid, leaving a balance of $318,606,727.03.

This information was not verified as a Contract Register was not produced for audit.
39 – MINISTRY OF PUBLIC UTILITIES Vote Control 2.58 Expenditure of $2,462,194,556.92 plus commitments of $2,770,256.42 exceeded Credits granted of $2,462,823,979.34 for the financial year by $2,140,823.34.

This is contrary to financial directives.

42 – MINISTRY OF LOCAL GOVERNMENT Internal Control 2.59 payment vouchers selected for audit.

There was no evidence of Internal Audit examination on the sample of Contract Employment 2.60 period of the contract were not recorded on the Pay Record Cards.
Information such as references to Cabinet/Ministerial approvals and the Contrary to Personnel Department directives, a contract gratuity in the sum 2.61 of $30,000.00 was authorized and paid to a public officer who was granted leave of absence without pay on the grounds of public policy.
Development Programme Development of a Solid Waste Management Policy 2.62 Payments totalling $1,495,000.00 were made to a contractor for services rendered for a Waste Characterization and Centroid Study for the implementation of an Integrated Waste Management System for Trinidad.

However, a formal contract document was not produced for audit examination.

126 Auditor General’s Report 2010 43 – MINISTRY OF WORKS AND TRANSPORT Audit Surveys at District Offices 2.63 Ministry of Works and Transport.
Some of the observations noted were as follows: Audit surveys were conducted at four of the eight District Offices of the - Certificates of Ownership and Certificates of Insurance were not always seen.

- At one of the four locations a vehicle Inventory Register was not produced.

- Original Pre-numbered Log Books were not in use.


- Stock records for bulk stores of fuel and lubricants were not properly maintained - At one office, the Stock Record Sheets produced did not record issues of Diesoline to vehicles as well as daily balances.

At another office, there was a shortage of 1,790 litres of Diesoline at the time of survey.

- Mechanical parts for vehicles were not properly stored to prevent deterioration - Bin cards were not being maintained for stock items.
- There were several instances of excesses and shortages of stock on hand.

- Items of furniture and equipment did not have distinguishing marks.

- There were large balances of expendable and non-expendable stores.

Short Term Employment In several instances sampled, persons were engaged for periods in excess of 2.64 six months, contrary to the stipulation in the Estimates of Expenditure 2010 that for expenditure to be charged under this Vote each employee’s term should not exceed six months.
Other Contracted Services 2.65 breached as indicated below: Several internal controls dedicated to ensuring contract management were 127 Auditor General’s Report 2010 43 – MINISTRY OF WORKS AND TRANSPORT (cont’d) (i) A completion certificate was issued and a final payment of $247,843.06 was made on a contract although the agreed works were not completed at the time of audit inspection.
Further, the Divisional Tenders Committee which authorized the contract was not properly constituted as required by Departmental procedures.

(ii) Contracts were not entered in the Register of Contracts.

(iii) There were two instances where payments of $291,137.08 and $289,053.82 were made to two contractors respectively although the contract agreements did not reflect the contractor’s name, address, date and a complete description of works and location of works.
2.66 Contract files for several projects were not produced for audit.

Minor Equipment Purchases A Mobile Asphalt Plant purchased at a cost of $10,032,250.00 (VAT 2.67 Inclusive) was not entered in the inventory register.

Financial directives require the maintenance of proper records to show receipt, custody and disposal or consumption of all stores bought or otherwise received by the Ministry.

Internal Control 2.68 officers in the Vote Book contrary to financial directives.
There was no evidence of internal audit checks or checks by certifying Financial Statements Expenditure 2.69 The actual expenditure recorded in the Vote Books for 50 items of expenditure totalling $361,356,213.00 did not agree with the total expenditure of $404,743,138.80 recorded in the Appropriation Account, resulting in a difference of $43,386,925.80.
Note 2c – Overpayments discovered during the year 2.70 According to the Appropriation Account 214 cases of overpayment totalling $263,180.66 were discovered, of which 183 cases were reported to the Auditor General during the financial year.

However, according to the records of the Auditor General’s Department 177 cases totalling $345,695.27 were reported.
The correctness of the balances in the Note to the Appropriation Account could not be determined as Overpayment Registers were not produced for audit examination for six Divisions of the Ministry.

128 Auditor General’s Report 2010 43 – MINISTRY OF WORKS AND TRANSPORT (cont’d) Note 2.k.i.

- Outstanding Commitments Outstanding commitments 2.71 the Appropriation Account did not agree with the amount of $6,064,511.35 verified from the Vote Books.
totalling $2,107,090.44 as stated in 47 – MINISTRY OF FOREIGN AFFAIRS Short –Term Employment Personal files and contracts of employment were not produced for 12 2.72 officers employed on a short term basis.

As a result the terms and conditions of employment were not verified.

Overseas Missions EMBASSY, SAN JOSE Miscellaneous Receipt Books 2.73 It was reported that these books were being kept at the residence of an officer.

Several unused Miscellaneous Receipt Books were not produced for audit.
54 – MINISTRY OF SCIENCE, TECHNOLOGY AND TERTIARY EDUCATION Rent/Lease – Office Accommodation and Storage Signed lease agreements for the rental of three properties were not 2.74 produced for audit.

As such it was not possible to verify the terms and conditions of rental of these properties.

The records of the Ministry showed that at 2010 August rental charges of $5,631,120.00 were paid for these properties.
Development Programme Expansion of Programme at Palo Seco Technology Centre 2.75 Documents with respect to the above mentioned project were not produced for audit and as such, expenditure totalling $1,200,000.00 was not verified.

In addition, status reports were not in the required format as required by financial directives.
129 Auditor General’s Report 2010 54 – MINISTRY OF SCIENCE, TECHNOLOGY AND TERTIARY EDUCATION (cont’d) Storage of Documents 2.76 proof cabinet or vault contrary to financial directives.
Vote Books and Payment Vouchers were not properly secured in a fire Financial Statements Expenditure Total actual expenditure of $2,281,131,324.27 as stated the 2.77 Appropriation Account and the Vote Books differed from the final expenditure figure stated in the Abstract of Payments and Expenditure Notification of $2,281,059,479.35 and the records of the Treasury of $2,280,975,290.30.
in Note 2c – Overpayments discovered during the year 2.78 According to the Appropriation Account, 453 cases of overpayment totalling $1,117,821.88 were discovered and reported to the Auditor General during the financial year.

However, reports of only 31 cases totalling $46,915.26 were received by the Auditor General.
2.79 According to documentation seen, three hundred and seventy-six cases of overpayment totalling $961,190.86 for the period 2009 October to 2010 June in respect of the On the Job Training Programme were not recorded in the Overpayment Register.

Further, the additional 77 cases of overpayment reported as discovered during the financial year totalling $156,631.02 did not agree with the Overpayment Register which recorded 42 cases totalling $135,651.07.

Note 2.k.

i.
Note 2.k.

i.

– Outstanding Commitments 2.80 agree with the total of $816,525.00 according to the Vote Books.

Commitments of $850,524.00 stated in the Appropriation Account did not 56 – MINISTRY OF THE PEOPLE AND SOCIAL DEVELOPMENT Contract Employment 2.81 Agreements were not seen for a sample of 18 persons employed on contract.

Further, terms and conditions of employment for six of these officers were not seen.
130 Auditor General’s Report 2010 56 – MINISTRY OF THE PEOPLE AND SOCIAL DEVELOPMENT (cont’d) Rent/Lease – Office Accommodation and Storage Expenditure totalling $841,219.28 as at 2010 May 31 was incurred for the 2.82 rental of two properties which were not occupied.

One of these properties was unoccupied since 2009 July and the other from 2010 February.

Further, lease agreements were not seen for these properties and for eleven other properties rented.
57 – MINISTRY OF INFORMATION Contract Employment 2.83 employed on contract and thus terms and conditions of employment were not determined.

Signed agreements were not produced for seven officers who were Expenditure 2.84 excess of total releases of $150,400.00 under four votes.

Authority was not seen for expenditure totalling $73,105.64 incurred in Inventory Register 2.85 An Inventory Register was not produced for audit.

Development Programme 2.86 which expenditure totalling $12,883,898.00 was incurred.
Status Reports were not presented for audit for five projects in respect of Financial Statements Expenditure 2.87 The total expenditure of $163,435,037.41 reflected in the Appropriation Account for the period 2009 October 01 to 2010 June 15 did not agree with expenditure of $161,900,336.31 reflected in the records of the Comptroller of Accounts or that of $164,347,772.20 shown on the Treasury’s Statement of Expenditure.
Further, the records of the Ministry reflected an amount of $161,908,558.91 on the Expenditure Notification and $161,907,090.25 according to the Abstract of Payments.

Note 2c – Overpayments discovered during the year 2.88 As per Note 2c to the Appropriation Account, 20 cases of overpayment totalling $124,777.29 were reported to the Auditor General’s Department.

However, the records of the Auditor General’s Department revealed that 28 reports totalling $179,225.50 were received.
131 Auditor General’s Report 2010 59 – MINISTRY OF TOBAGO DEVELOPMENT Short Term Employment Approval was seen for ten persons to be engaged and paid consultancy fees, 2.89 however it was not seen that the procedures for the hiring of consultants was complied with.

Contracts for consultancy services for these persons were not presented for audit.

2.90 Further, it was noted that these persons were paid from the Short Term Employment Vote.
The terms of their employment did not strictly comply with the conditions for Short Term Employment as they were seen to be paid on a continuous basis for a period exceeding six months contrary to the stipulation in the Estimates of Expenditure 2010 that for expenditure to be charged under this Vote each employee’s term should not exceed six months.
60 – MINISTRY OF PLANNING, ECONOMIC AND SOCIAL RESTRUCTURING AND GENDER AFFAIRS Expenditure 2.91 This Ministry was one of the Ministries created as a result of the change in Ministerial portfolios with effect from 2010 June 16.

Transfers of Provision were made from Head 21 – Ministry of Planning, Housing and the Environment via the First Supplementary General Warrant dated 2011 January 21.
However, there were no transfers of provision from Head 21 to Head 60 for the following items of expenditure recorded: 01/001/23 Direct Charges- Salaries 01/001/24 Direct Charges - Allowances 01/001/31 Direct Charges - Government Contribution to NIS 02/001/60 Direct Charges - Travelling and Subsistence - - - - $136,800.00 $ 18,400.00 $ 3,584.88 $ 22,515.00 2.92 As a result, actual expenditure exceeded the approved provision by $181,247.27.
Further, total expenditure of $38,330,595.27 incurred under Head 60 exceeded the total Credit granted of $38,149,348.00 by $181,247.27.

132 Auditor General’s Report 2010 62 – MINISTRY OF COMMUNITY DEVELOPMENT Current Transfers and Subsidies – Households Community Action for Revival and Empowerment (CARE) - $10,438,581.42 2.93 Cabinet directive in that: An examination revealed that the Ministry did not comply totally with the  There was no evidence of the appointment of a Project Management Team.
 Status reports on projects in the CARE programme were not seen.

 The funds allocated were not utilized for the purposes intended by Cabinet in that funds were disbursed for Carnival activities, medical and financial assistance, Miss World competition and hamper distribution.

According to the Cabinet Minute, funds were to be used for training and infrastructural and social community projects in the seven administrative districts.
Supporting documents were not produced for payments 2.94 totalling $376,000.00.

Also, evidence of Internal audit check was not seen on the accounting records of the programme.

Current Transfers and Subsidies – Other Transfers National Social Development Programme - $12,917,473.04 Eleven payment vouchers totalling $3,194,000.00 were approved for 2.95 payment to approximately 609 persons deemed to be in dire need based on a needs assessment.
Evidence of the needs assessment or other supporting documentary evidence was not produced for audit examination.

2.96 A contract agreement between the Ministry and a contractor for the construction of the Marcano Quarry Lands Community Facility at a cost of $8,000,000.00 was not produced for audit.

In addition, evidence of the request for the award of the contract through the Central Tenders Board was not produced.
133 Auditor General’s Report 2010 GENERAL 2.97 The Auditor General by Circular Memorandum No.

6 of 2010 dated 2010 December 09 requested all Permanent Secretaries and Heads of Departments to submit on or before 2011 January 31 the following information for the financial year ended 2010 September 30.
(i) (ii) (iii) (iv) (v) Outstanding Commitments Particulars of trust and other moneys held Particulars of all gifts and/or donations agencies/entities whether monetary or in kind Particulars of the total number of persons employed in contract positions and the total amount paid to such persons during the financial year Action taken in respect of pension and leave records in response to circulars issued by the Comptroller of Accounts.
received from Outstanding Commitments 2.98 Commitments represent amounts relating to goods and services that have been ordered but not yet delivered at the end of the financial year and in respect of which payments have not been made.

Outstanding Commitments as reported totalled twenty-two Permanent $76,682,574.72.

Secretaries/Heads of Departments.

Appendix 5 refers.
Appendix 5 refers.

Responses were not received from Trust and/or Other Monies held 2.99 Responses were received from 23 Permanent Secretaries/Heads of Departments indicating that no monies were held on trust as at 2010 September 30.

Responses were not received from 24 Permanent Secretaries/Heads of Departments.

Gifts and/or Donations received from agencies/entities Twenty-one Permanent Secretaries/Heads of Departments replied that no 2.100 gifts and/or donations were received during the year.
Two Permanent Secretaries/Heads of Departments replied that gifts and/or donations were received during the year.

Responses were not received from 24 Permanent Secretaries/Heads of Departments.

Contract Positions received Replies were from 22 Permanent Secretaries/Heads of 2.101 Departments indicating that amounts totalling $279,618,188.89 were paid to 3006 persons employed in contract positions during the financial year ended 2010 September 30.
The audit highlighted that duly executed contracts were not produced for several of these officers and as such the various terms of engagement could not be verified.

134 Auditor General’s Report 2010 GENERAL (cont’d) Pension and Leave 2.102 Responses were received from 23 Permanent Secretaries/Heads of Departments which indicated that action is being taken to have Pension and Leave records updated and submitted in a timely manner to the Comptroller of Accounts as required by financial directives.
This procedure was observed during the conduct of audits at Ministries and Departments.

However, at some Ministries and Departments it was found that delays in submitting completed records still occurred.

Deposit Accounts Ministries and Departments are given approval by the Comptroller of 2.103 Accounts to maintain Deposit Accounts.

Monies accepted as deposits are lodged with the Treasury for safekeeping and are referred to as “Treasury Deposits”.
The amounts in the Treasury Deposit accounts are temporary lodgements and are shown as liabilities in the records of the Treasury.
2.104 The Financial Instructions 1965, Part XIII, paragraph 212 (2) states that “Departments shall prepare a reconciliation statement with details of the composition of the balance and such statement shall fully explain any difference between the departmental and Comptroller of Accounts balances of the account.” Reconciliation Statements of Deposit Accounts and/or supporting analyses of balances where necessary were not received from 19 Accounting Officers in respect of 138 Deposit Accounts.
Appendix 6 refers.

2.105 The Financial Instructions 1965, Part XIII, paragraph 213 (1) states that “Unless the Treasury otherwise directs, all deposits which have remained unclaimed for three years shall be transferred to revenue.” Reconciliation Statements received by the Auditor General in respect of balances held on Deposit Accounts as at 2010 September 30 revealed that amounts totalling $30,748,034.25 remained on deposit for periods in excess of three years on 23 deposit accounts.
The approval of the Comptroller of Accounts to the various Accounting Officers to retain these amounts on deposit beyond a three-year period was not seen.

Appendix 7 to this Report refers.
Cases of Overpayment and Recoveries 2.106 The Financial Regulations Chapter 69:01, Part IX, paragraph 83 states that “Every unauthorised payment and overpayment of salary, pension, allowance, wages or other moneys constitutes a debt which is recoverable in full from the payee.” Further, at Part IX of the Financial Instructions, 1965 guidelines are given for the preparation of a report on an unauthorized payment or overpayment and for the submission of copies of such report to the Comptroller of Accounts and the Auditor General.
135 Auditor General’s Report 2010 GENERAL (cont’d) 2.107 Certified Appropriation Accounts received for the financial year 2010 revealed that 4,637 cases of overpayment were discovered during the financial year, a decrease of 1,034 from the previous year.

The value of the cases totalled $93,464,362.99 an increase of $71,889,384.27 or 334% over the previous year’s figure.

Appendix 8 refers.

Of the amount overpaid, amounts totalling $82,072,341.74 or 87.81% were recovered within the year.
One amount of $75,250,000.00 accounted for the significant changes in the figures stated for overpayment and recovery when compared with the previous year’s figures.

The figure of $75,250,000.00 refers to an overpayment by the Ministry of Tobago Development to the Tobago House of Assembly which was recovered.

2.108 A comparison of this information with the records of the Auditor General’s Department revealed that reports were not received in the Department in several instances.
Cases of Theft and Losses Reported In accordance with Part XIX of the Financial Regulations, Chapter 69:01, 2.109 Accounting Officers are required to investigate and report all losses of state assets to the Comptroller of Accounts and the Auditor General.

According to reports received in the Auditor General’s Department, for the financial year 2010 there were 108 cases of thefts and losses of state property totalling $2,307,742.81.
The figure comprised 48 cases each under $5,000.00 in value totalling $140,226.78 and 60 cases totalling $2,167,516.03 each in excess of $5,000.00 in value.

Appendices 9/1 and 9/2 respectively refer.

Inventories 2.110 An aspect of internal control requires that assets be safeguarded.

Part of this control necessitates that adequate records be kept with regard to items of furniture and equipment.
A check of this area revealed that in many instances adequate records are not being maintained to allow for proper control to be exercised over the property of the State.
136 Auditor General’s Report 2010 CHAPTER 3 ACCOUNTS OF RECEIVERS OF REVENUE 137 Auditor General’s Report 2010 138 Auditor General’s Report 2010 CHAPTER 3 ACCOUNTS OF RECEIVERS OF REVENUE Receivers of Revenue are responsible for all aspects of the collection of 3.01 revenue and for rendering proper account of the sums received under specific Heads of Revenue assigned to them.
The Letter of Appointment which is issued to each Receiver of Revenue details the responsibility of a Receiver of Revenue as follows: “In order that there may be no misunderstanding, it is emphasized that under the heading of collection your responsibility covers all the following stages:-  Ascertaining the existence of liabilities  Ensuring that correct charges are levied  Establishing written records of sums due and paid  Taking proper steps to secure payment.” Revenue Collectible The approved estimated revenue to be collected for the financial year 2010 3.02 was $40,750,040,673.00.
These revenues were authorized to be collected under the following Heads of Revenue.
CLASSIFICATION HEAD OF REVENUE Tax Revenue TOTAL TAX REVENUE Non-Tax Revenue 01 Taxes on Income and Profits 02 Taxes on Property 03 Taxes on Goods and Services 04 Taxes on International Trade 05 Other Taxes 06 Property Income 07 Other Non-Tax Revenue 08 Repaymentof Past Lending TOTAL NON-TAX REVENUE Capital Receipts 09 Capital Revenue Financing TOTAL FINANCING GRAND TOTAL 10 Borrowing 12 Debt Financing 2010 ESTIMATE $ 20,055,614,000.00 325,000,000.00 8,140,020,970.00 2,002,374,175.00 180,500,000.00 30,703,509,145.00 4,573,131,298.00 637,947,750.00 19,277,130.00 5,230,356,178.00 22,365,350.00 4,793,810,000.00 0.00 4,793,810,000.00 139 Auditor General’s Report 2010 40,750,040,673.00 Revenue Collected 3.03 The Statement of Revenue submitted by the Treasury showed that the total actual revenue collected during the financial year ended 2010 September 30 was $43,671,089,617.10.
Paragraph 1.32 of this Report refers.

This amount was collected under the various categories as shown below: Tax Revenue Non-Tax Revenue Capital Receipts Financing $ 35,760,246,473.64 6,537,968,362.69 230,903,659.10 1,141,971,121.67 43,671,089,617.10 the During financial year, 3.04 revenue of $40,750,040,673.00 was adjusted upwards to $45,645,088,530.00.
As at 2010 September 30, actual revenue collected totalling $43,671,089,617.10 according to the Statement of Revenue submitted by the Treasury, fell below the adjusted revenue but exceeded the original estimated revenue.

the original estimated A comparison of the figures reflected in the Statement of Revenue 3.05 submitted by the Treasury and the amounts in the various Statements of Receipts and Disbursements received in the Auditor General’s Department from Receivers of Revenue showed certain differences.
Details of differences in excess of $100,000.00 are given at Appendix 10.

Statements of Receipts and Disbursements 3.06 In accordance with section 24 (1) (c) of the Exchequer and Audit Act, Chapter 69:01 as amended by the Financial Year Act, 1998, Receivers of Revenue were required to prepare and transmit to the Auditor General, statements of their receipts and disbursements for the financial year ended 2010 September 30 by 2011 January 31.

Comptroller of Accounts Circular No.


10 dated 2010 August 24 is relevant.

3.07 Statements of Receipts and Disbursements were received from 31 of the 48 Receivers of Revenue within the deadline date.

Subsequent to the deadline date, Statements were received from nine Receivers of Revenue up to 2011 February 28.

Appendix 3 to this Report refers.


As at 2011 February 28, Statements of Receipts and Disbursements were not received from certain Receivers of Revenue for all items of Revenue collectible under their portfolio as detailed below.
140 Auditor General’s Report 2010 Statements of Receipts and Disbursements (cont’d) Revenue Head Revenue Items Not Received Number of Items Permanent Secretary, Ministry of Foreign Affairs – FA 1 07/01/002, 004 07/06/001 Permanent Secretary, Ministry of Health – HE 1 Registrar General, Ministry of Legal Affairs – LA 1 Permanent Secretary, Ministry of Legal Affairs – LA3 Chief Immigration Officer, Ministry of National Security – NS 2 03/06/002 – 006 07/01/002 – 006, 009 07/04/003 07/01/002 – 004 07/01/001 – 002 03/06/001 07/01/001 – 003, 005 – 007 07/02/001 07/06/001 Chief Fire Officer, Ministry of National Security – NS 4 07/01/001 – 002 07/02/001 Director of Statistics, Ministry of Planning,Economic and Social Restructuring and Gender Affairs – PH 2 07/01/001 – 002 2 Revenue Officer IV, Tobago – RO 8 Permanent Secretary, Ministry of Works and Transport – WT 1 02/01/001 07/06/001 Director, Maritime Services, Ministry of Works and Transport – WT 3 03/06/001 – 003, 005 – 007 06/01/001 07/01/001 07/04/001 07/06/001, 003 Total Examination of Revenue Records 3 12 3 2 9 3 1 1 11 47 The following observations were noted during the examination of the 3.08 systems and procedures for revenue accounting at the undermentioned Ministries and Departments.
141 Auditor General’s Report 2010 JUDICIARY – SUPREME COURT 3.09 There was a difference of $195,541.12 between Total Revenue collected of $2,154,531.44 according to the Statement of Receipts and Disbursements and revenue of $1,958,990.32 according to the cumulative total as shown in the Monthly Report of Revenue.

3.10 made with respect to the previous year’s account.

The reason for the difference was not ascertained.


A similar comment was JUDICIARY - MAGISTRACY 3.11 There was a difference of $1,735,154.20 between Total Revenue collected of $38,537,935.12 according to the Statement of Receipts and Disbursements and revenue of $36,802,780.92 according to the cumulative total as shown in the Monthly Report of Revenue.

3.12 made with respect to the previous year’s account.

The reason for the difference was not ascertained.


A similar comment was INDUSTRIAL COURT The figure on the Statement of Receipts and Disbursements for Sale of 3.13 Publications was $59,043.14 whereas the records of the Industrial Court showed a total of $33,915.64.

The difference of $25,127.50 represented amounts incorrectly posted to this account and should not have been included.
MINISTRY OF WORKS AND TRANSPORT The Licensing Department of the Ministry of Works and Transport is 3.14 responsible for the collection of Tax on Transfer of Used Motor Vehicles.

The Chairman, Board of Inland Revenue is the Receiver of Revenue.

A sample check of receipts revealed that reliance could not be placed on the 3.15 documentation from the Licensing Department since the documents did not bear the stamp of the Ministry of Works and Transport or the signature of the person submitting the information.
3.16 San Fernando and Tobago offices of the Licensing Department.

Documentary evidence was not produced to substantiate receipts from the 142 Auditor General’s Report 2010 MINISTRY OF HEALTH 3.17 not received for audit examination.

A Statement of Receipts and Disbursements for the financial year 2010 was 3.18 According to the records of the Ministry, amounts totalling $2,477,236.13 were received under six items of revenue.
According to the records of the Treasury, amounts totalling $3,797,960.53 were received under nine items of revenue.

TRINIDAD AND TOBAGO POLICE SERVICE The Revenue Register was not properly maintained in that, monthly and 3.19 final totals were not recorded in the Register.

As a result, revenue of $2,404,555.00 and $5,125,249.15 reflected in the Statement of Receipts and Disbursements under “Firearms and Ammunition” and “Miscellaneous” respectively were not verified.
MINISTRY OF SPORT AND YOUTH AFFAIRS The accounting records for the collection of revenue under the various items 3.20 of revenue were not properly maintained in that incorrect figures were not always crossed out and initialled by the respective officers.
Total revenue receipts of $2,009,591.83 according to the Statement of 3.21 Receipts and Disbursements did not agree with total revenue of $2,025,130.00 according to the records of the Ministry or the amount of $2,019,527.48 according to the records of the Treasury.

3.22 Further, Disbursements to the Exchequer Account of $2,009,121.87 according to the Statement of Receipts and Disbursements differed from the figure of $2,024,660.04 according to the records of the Ministry.
MINISTRY OF FOREIGN AFFAIRS Non-receipt of Statements 3.23 The records of the Auditor General’s Department revealed that Statements of Receipts and Disbursements have not been received from the Permanent Secretary, Ministry of Foreign Affairs for the financial years 2007 to 2010 inclusive.

According to the records of the Comptroller of Accounts, amounts totalling $2,739,389.92 were received under the relevant revenue items for the financial year 2010.
143 Auditor General’s Report 2010 DIRECTOR MARITIME SERVICES, MINISTRY OF WORKS AND TRANSPORT Non-receipt of Statements The records of the Auditor General’s Department revealed that Statements 3.24 of Receipts and Disbursements have not been received from the Director Maritime Services, Ministry of Works and Transport for the financial years 2007 to 2010 inclusive.
According to the records of the Comptroller of Accounts, amounts totalling $8,391,779.40 were received under the relevant revenue items for the financial year 2010.
RETURNS OF ARREARS OF REVENUE 3.25 states as follows: Regulation 56 (2) of the Financial Regulations, Chapter 69:01, as amended, “Accounting Officers and Receivers of Revenue shall submit the original returns of arrears of revenue for the half year ending 31st March and 30th September to the Treasury and copies thereof shall be sent to the Auditor General not later than six weeks after the date to which they relate.” 3.26 As at 2011 February 28, Returns of Arrears of Revenue as at 2010 September 30 were not received by this Department from 19 Receivers of Revenue in respect of 116 items of revenue.
Appendix 11 to this Report refers.

CONSOLIDATED STATEMENT OF ARREARS OF REVENUE 3.27 A Consolidated Statement of Arrears of Revenue at 2010 September 30 submitted by the Permanent Secretary, Ministry of Finance shows Arrears of Revenue totalling $134,866,775.00.

The comparative balance as at 2009 September 30 was $3,457,796,504.00.
It was noted however, that the Statement reflected several instances where 3.28 information concerning arrears of revenue was not received by the Permanent Secretary, Ministry of Finance from Receivers of Revenue.
144 Auditor General’s Report 2010 CHAPTER 4 ACCOUNTS OF ADMINISTERING OFFICERS 145 Auditor General’s Report 2010 146 Auditor General’s Report 2010 CHAPTER 4 ACCOUNTS OF ADMINISTERING OFFICERS Appointment of Administering Officers Administering Officers are appointed by the Minister of Finance to 4.01 administer all moneys disbursed from Funds established under section 43 of the Exchequer and Audit Act, Chapter 69:01 and/or from Funds established by other legislative authority.
This responsibility includes disbursements from Funds for projects that have been contracted out to special purpose state enterprises.

4.02 Administering Officers are required to keep separate books of account and separate bank accounts in respect of each Fund and to ensure that a proper system of accounting as approved by the Treasury is established and maintained.
4.03 Administering Officers are also required, inter alia, to:  prepare financial statements in a format approved by the Treasury for submission to the Auditor General four months after the close of the financial year in accordance with section 24(2) (a) and (b) of the Exchequer and Audit Act, Chapter 69:01, and  ensure that the funds entrusted to their care are properly safeguarded and applied only for the purposes specified on the Schedule to the Warrant for withdrawal from the Funds.
Funds Disbursed to Administering Officers 4.04 During the financial year ended 2010 September 30, the Minister of Finance, by Warrants, authorized withdrawals totalling $4,462,489,646.00 from five totalling Funds.

$740,620,165.05 have not been received for audit from five Administering Officers.

Table 11 which follows refers.

Certified Financial Statements respect of withdrawals in Financial Statements 4.05 The Comptroller of Accounts by Circular No.
12 dated 2010 August 24 provided Administering Officers with guidelines for the preparation and submission of Financial Statements.

Administering Officers were required to submit certified Financial Statements for the financial year ended 2010 September 30 for each Fund to the Comptroller of Accounts by 2010 November 30 to enable the Comptroller of Accounts to examine and transmit the statements to the Auditor General, on or before 2011 January 31.
Financial Statements have not been received from several Administering Officers.

Details are given at Appendix 4.
147 Auditor General’s Report 2010 Table 11 Funds authorized to be disbursed to Administering Officers during the financial year ended 2010 September 30 Administering Officer Amount Authorized $ Amount Withdrawn (Treasury) $ Expenditure as per Financial Statement $ Unemployment Fund Permanent Secretary, Ministry of Finance Permanent Secretary, Ministry of Finance (Payments by Ministry to THA) Ministry of Agriculture, Land and Marine Resources 360,000,000.00 346,343,619.35 Not Received 17,000,000.00 17,000,000.00 17,000,000.00 55,719,070.00 54,890,630.09 54,890,630.00 Total 433,701,159.00 418,234,249.44 Government Assistance for Tuition Expenses (GATE) Fund Permanent Secretary, Ministry of Science, Technology and Tertiary Education CARICOM Petroleum Fund Permanent Secretary, Ministry of Finance Green Fund Permanent Secretary, Ministry of Planning, Housing and the Environment 584,699,646.00 584,221,529.24 584,221,529.24 74,514,000.00 74,126,670.00 74,126,670.00 11,050,841.00 10,624,516.00 10,624,516.00 148 Auditor General’s Report 2010 Table 11 (cont’d) Funds authorized to be disbursed to Administering Officers during the financial year ended 2010 September 30 Administering Officer Amount Authorized $ Amount Withdrawn (Treasury) $ Expenditure as per Financial Statement $ Infrastructure Development Fund Permanent Secretary, Office of the Prime Minister Permanent Secretary, Ministry of Finance Permanent Secretary, Ministry of Planning, Housing and the Environment Permanent Secretary, Ministry of Agriculture, Land
 and Marine Resources Permanent Secretary, Ministry of Education Permanent Secretary, Ministry of Health Permanent Secretary, Ministry of Labour and Small and Micro Enterprise Development Permanent Secretary, Ministry of Public Administration Permanent Secretary, Ministry of Tourism Permanent Secretary, Ministry of Public Utilities Permanent Secretary, Ministry of Energy and Energy Industries 21,827,223.00 21,827,221.79 21,827,221.79 229,118,151.00 229,118,151.00 229,118,151.00 700,000,000.00 699,999,596.36
 699,999,596.36 4,633,929.00 4,633,929.00 4,633,929.00 440,440,325.00 428,680,396.00 425,956,605.64 247,494,902.00 256,729,093.43 Not Received 19,485,040.00 19,485,040.00 19,485,040.00 12,847,095.00 12,847,094.10 12,847,094.10 10,586,431.00 10,586,431.00 10,586,431.00 53,273,270.00 53,273,268.62 Not Received 380,925,541.00 380,925,541.00 Not Received Infrastructure Development Fund Balance Carried Forward 2,120,991,907.00 2,118,195,763.30 149 Auditor General’s Report 2010 Table 11 (cont’d) Funds authorized to be disbursed to Administering Officers during the financial year ended 2010 September 30 Administering Officer Amount Authorized $ Amount Withdrawn (Treasury) $ Expenditure as per Financial Statement $ Infrastructure Development Fund Balance Brought Forward 2,120,991,907.00 2,118,195,763.30 Permanent Secretary, Ministry of Local Government Permanent Secretary, Ministry of Works and Transport Permanent Secretary, Ministry of Sport and Youth Affairs Permanent Secretary, Ministry of Foreign Affairs Permanent Secretary, Ministry of Trade and Industry Permanent Secretary, Ministry of Science, Technology and Tertiary Education Permanent Secretary, Ministry of Community Development Permanent Secretary, Ministry of Information 143,317,421.00 143,047,471.45 143,047,471.45 348,657,633.00 344,747,757.27 344,747,757.27 49,692,262.00 49,692,262.00 Not Received 6,872,549.00 6,872,548.08 6,872,548.08 307,021,027.00 307,021,027.00 307,021,027.00 131,072,223.00 131,072,223.00
 131,072,223.00 247,917,158.00 247,917,140.81 247,917,140.81 3,341,820.00 3,341,820.00 3,341,820.00 Infrastructure Development Fund Total 3,358,884,000.00 3,351,818,011.91 GRAND TOTAL 4,462,849,646.00 4,439,503,014 150 Auditor General’s Report 2010 UNEMPLOYMENT FUND MINISTRY OF FINANCE 4.06 A Financial Statement in respect of disbursements made under the Unemployment Fund for the Unemployment Relief Programme as required by the directive of the Comptroller of Accounts was not received in the Auditor General’s
 Department.
4.07 with respect to expenditure at the financial year end as follows: There were differences in the records of the Ministry and the Treasury  Vote Book and Schedules of Accounts (Ministry) - $343,619,387.38  Notification of Disbursement (Ministry) - $346,343,619.35  Treasury’s Records - $346,343,619.35 Statements reconciling the above amounts were not presented for audit.

4.08 by the Financial Instructions, 1965.


In addition the Daily Abstract of Payments was not maintained as required PERMANENT SECRETARY, MINISTRY OF FINANCE (2010 UNEMPLOYMENT RELIEF PROGRAMME – TOBAGO HOUSE OF ASSEMBLY) 4.09 A Statement reflecting expenditure of $16,958,952.36 was received from the Tobago House of Assembly in respect of the $17,000,000.00 disbursed by the Permanent Secretary, Ministry of Finance.
An examination of the Financial Statement revealed that vouchers totalling $3,808,377.22 were not produced for audit.

GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND 4.10 Government Assistance for Tuition Expenses (GATE) Fund.
Government agreed in 2004 January to the establishment of the 4.11 In 2005 December, Government agreed to increase its funding from 50% to 100% of the cost of tuition for any citizen of Trinidad and Tobago pursuing undergraduate programmes at local and regional public tertiary institutions, including distance learning programmes.
In addition Government also agreed to fund 50% of the cost of tuition, up to a maximum of $10,000.00 per year, for students pursuing accredited post graduate programmes at approved local private tertiary educational institutions.
151 Auditor General’s Report 2010 GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND (cont’d) For the financial year 2010, amounts totalling $584,699,646.60 were 4.12 authorized to be withdrawn from the Fund, of which $233,642,576.00 was for 17 private institutions and $351,057,070.00 for 19 public institutions.

CARICOM PETROLEUM FUND Legal Notice No.

302 dated 2006 November 23 amended the First 4.13 Schedule to the Exchequer and Audit Act, Chapter 69:01 to include the CARICOM Petroleum Fund.
The purpose of this Fund is to provide relief to CARICOM States in accordance with the criteria agreed to between the Heads of Government and the CARICOM Secretariat.

4.14 During the financial year 2010, amounts totalling $74,126,670.00 were authorized to be released by Warrants to the Permanent Secretary, Ministry of Finance as the Administering Officer of this Fund.
4.15 A certified Financial Statement has been received from the Administering Officer in respect of this Fund indicating that expenditure for the financial year was $74,126,670.00.

4.16 for which the Fund was established.

Paragraph 1.123 of this Report refers.

Amounts totalling $35,965,870.00 were not in keeping with the purpose INFRASTRUCTURE DEVELOPMENT FUND General Comptroller of Accounts Circular No.
12 dated 2005 November 09 on the 4.17 subject “Accounting Arrangements for Disbursement of Funds from the Infrastructure Development Fund” sets out guidelines to be followed to ensure accountability and transparency with respect to projects undertaken by special purpose state enterprises on behalf of Ministries and Departments.

4.18 compliance with the abovementioned guidelines.
Highlighted hereunder are certain instances where there was not full 152 Auditor General’s Report 2010 INFRASTRUCTURE DEVELOPMENT FUND (cont’d) Ministry of Health 4.19 The records of the Ministry showed expenditure of $256,729,093.43 under the Infrastructure Development Fund for three projects.

A Financial Statement for this Fund for the financial year ended 2010 September 30 certified by the Administering Officer was not received in the Auditor General’s Department.
Ministry of Public Utilities 4.20 The records of the Ministry showed expenditure of $53,273,268.62 under the Infrastructure Development Fund.

However, a Financial Statement for this Fund for the financial year ended 2010 September 30 certified by the Administering Officer was not received in the Auditor General’s Department.

Ministry of Education 4.21 The records of the Ministry showed expenditure of $425,956,605.64 under the Infrastructure Development Fund.
However, a Financial Statement for this Fund for the financial year ended 2010 September 30 which was received in the Auditor General’s Department was not certified by the Administering Officer as required by Comptroller of Accounts Circular No.12 dated 2010 August 24.

Ministry of Local Government Urban Re-Development 4.22 Special Purpose State Enterprise (SPSE) were not produced for audit examination.
Two vouchers totalling $1,392,137.64 to support payments made to a Construction of Administrative Buildings for Regional Corporations 4.23 It was seen that payments totalling $31,778,763.00 were made to a SPSE in connection with the abovementioned project.

However, the following documents, as required by Comptroller of Accounts Circular No.

12 dated 2005 November 09 were not seen:  Status Reports from the Special Purpose State Enterprise   Disbursement Schedule 2009/2010.
Implementation Schedule 2009/2010 153 Auditor General’s Report 2010 INFRASTRUCTURE DEVELOPMENT FUND (cont’d) Ministry of Works and Transport 4.24 During the financial year 2010, amounts totalling $348,657,633.00 were authorized to be released by Warrants to the Permanent Secretary, Ministry of Works and Transport as the Administering Officer of this Fund.
4.25 A Financial Statement has been received from the Administering Officer in respect of this Fund indicating that expenditure for the financial year 2010 was $344,747,757.27.

4.26 Audit examination revealed that at the end of the financial year, total expenditure of $344,747,757.27 plus commitments of $96,750,522.13 exceeded total releases of $348,657,633.00 by $92,840,646.40.

This was contrary to financial directives which state that expenditure plus commitments must not exceed releases.
Ministry of Sport and Youth Affairs 4.27 During the financial year 2010, amounts totalling $49,692,262.00 were authorized to be released by Warrants to the Permanent Secretary, Ministry of Sport and Youth Affairs as the Administering Officer of this Fund.

4.28 The records of the Ministry showed expenditure of $49,692,262.00 under the Infrastructure Development Fund.
However, a Financial Statement for this Fund for the financial year ended 2010 September 30 certified by the Administering Officer was not received in the Auditor General’s Department.

Ministry of Information Public Building/Chaguanas Library According to the Expenditure Statement in respect of disbursements under 4.29 this Fund, expenditure totalling $3,341,820.00 was incurred in respect of this project.
However, Status Reports as required by Comptroller of Accounts Circular were not seen, neither were vouchers in support of expenditure presented for audit.

Ministry of Community Development Refurbishment of Community Centres 4.30 Two payment vouchers totalling $10,453,526.30 covering transactions effected in previous years were not personally countersigned by the Accounting Officer as required by financial directives.
154 Auditor General’s Report 2010 INFRASTRUCTURE DEVELOPMENT FUND (cont’d) Construction of Community Centres 4.31 A memorandum of agreement between the Ministry and NIPDEC, one of the executing agencies engaged for the construction of community centres, was not produced for audit.

4.32 Centre was not produced for audit.


Cabinet approval for the variation of works at the Preysal Community MUNICIPAL CORPORATIONS San Fernando City Corporation Unspent Balance Evidence was not seen that the unspent balance as at 2010 September 30 4.33 was remitted to the Comptroller of Accounts as required by Comptroller of Accounts Circular dated 1999 January 15.

Commitments 4.34 represents commitments dating back to 2005.

Commitments as at 2010 September 30 totalled $218,933.27.
This amount Tunapuna/Piarco Regional Corporation 4.35 deposited as required by the directives of the Comptroller of Accounts.

Evidence was not seen that the unspent balance of $658,462.97 was San Juan/Laventille Regional Corporation 4.36 deposited as required by the directives of the Comptroller of Accounts.
Evidence was not seen that the unspent balance of $4,389,388.17 was 155 Auditor General’s Report 2010 INFRASTRUCTURE DEVELOPMENT FUND (cont’d) Notes to the Statements The Comptroller of Accounts by Circular No.

12 dated 2010 August 24 4.37 provided Administering Officers with guidelines for the preparation and submission of financial statements including the requirement that Notes to the Statements should disclose the following: i. ii.

iii.

iv.
iii.

iv.

v. Projects which were implemented in-house; The name of the contractor and contract prices with respect to projects for which contracts were awarded; Projects funded by unspent balances; Amounts surrendered by the client Ministry to the Executing Agency; and Statements of balances on refundable deposits such as Tender Deposits and Cash Performance Deposits.
4.38 The financial directive highlighted above was not complied with totally in the case of the following Administering Officers who submitted certified financial statements for the financial year 2010 which reflected actual expenditure totalling $2,038,800,699.97.
 Permanent Secretary, Office of the Prime Minister  Permanent Secretary, Ministry of Finance  Permanent Secretary, Ministry of Planning, Housing and the Environment  Permanent Secretary, Ministry of Agriculture, Land and Marine Resources  Permanent Secretary, Ministry of Education  Permanent Secretary, Ministry of Labour and Small and Micro Enterprise Development  Permanent Secretary, Ministry of Public Administration  Permanent Secretary, Ministry of Local Government  Permanent Secretary, Ministry of Works and Transport  Permanent Secretary, Ministry of Science, Technology and Tertiary Education, and  Permanent Secretary, Ministry of Information.
156 Auditor General’s Report 2010 ROAD IMPROVEMENT FUND San Fernando City Corporation Unspent Balance Evidence was not seen that the unspent balance of $83,520.45 as at 2010 4.39 September 30 was remitted to the Comptroller of Accounts as required by Comptroller of Accounts Circular dated 1999 January 15.
Stale dated Cheques 4.40 It was noted that stale dated cheques totalling $401,218.30 which were dated 2006 June 01 were cancelled and brought back to account on 2009 April 30 and the liability was recreated.

Documents relating to this liability were not provided for audit examination.

Commitments 4.41 remains outstanding to date.


A commitment in the amount of $15,000.00 from the financial year 2003 Bank Account Funds relating to the Road Improvement Fund are still being held under 4.42 the name of the Infrastructure Development Fund at a commercial bank.

This is contrary to a directive issued by the Comptroller of Accounts which stated that separate bank accounts must be maintained for each Fund.

Tunapuna/Piarco Regional Corporation 4.43 deposited as required by financial directives.
Evidence was not seen that unspent balances totalling $18,198.96 were GREEN FUND 4.44 The Green Fund was established under Section 65 (1) of the Miscellaneous Taxes Act (the Act), which was amended by the Finance Act 2004 (Act No.

5 of 2004), which was assented to on 2004 January 30.
According to section 64 of the Act, the purpose of the Fund is to financially assist organizations and community groups that are primarily engaged in activities related to the remediation, reforestation and conservation of the environment.

4.45 charged with the collection of the Green Fund Levy.
Under section 62 (1) of the Act, the Board of Inland Revenue is 157 Auditor General’s Report 2010 GREEN FUND (cont’d) 4.46 On 2005 April 26, the Comptroller of Accounts established the accounting system for disbursement of funds from the Green Fund and in accordance with Cabinet’s approval, a Green Fund Executing Unit was established in the then Ministry of Public Utilities and the Environment (now the Ministry of Public Utilities).

4.47 Regulations made under section 69 of the Act.


On 2007 January 18, the Minister of Finance signed the Green Fund 4.48 The Green Fund Executing Unit, which was established within the then Ministry of Planning, Housing and the Environment up to 2010 June 15, was transferred to the Ministry of Housing and the Environment with effect from 2010 June 16 following the realignment of portfolios as notified in the Trinidad and Tobago Gazette, Volume 49 dated 2010 June 16.
A certified Financial Statement has been received from the Administering 4.49 Officer in respect of this Fund indicating that expenditure for the financial year was $10,624,516.00.

Details of movements in the Fund are given at Treasury Statements referenced TS 54 and TS 55.
NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS (NUGFW) TRAINING FUND 4.50 Cabinet in 2004 August agreed to the establishment of the National Union of Government and Federated Workers (NUGFW) Training Fund from 2004 October to provide training and re-training of hourly, daily and weekly-rated workers of Central Government, the Tobago House of Assembly and certain Municipal Corporations where NUGFW is the certified bargaining agent.
The Fund was established under Section 43(2) of the Exchequer and Audit 4.51 Act Chapter 69:01 (the Act) by Legal Notice No.

280 dated 2004 September 27, which amended the First Schedule to include the National Union of Government and Federated Workers Training Fund.

4.52 Fund with effect from 2004 October 01.

The Chief Personnel Officer was appointed Administering Officer for the 4.53 No monies were authorized to be released under this Fund for the financial year 2010.
Details of movements in the Fund are given at Treasury Statements referenced TS 50 and TS 51.

158 Auditor General’s Report 2010 CARICOM TRADE SUPPORT FUND 4.54 The CARICOM Trade Support Fund was established under section 43 (2) of the Exchequer and Audit Act, Chapter 69:01.

Legal Notice No.13 dated 2005 January 12 refers.

4.55 No monies were authorized to be released under this Fund for the financial year 2010.

Details of movements in the Fund are given at Treasury Statements referenced TS 56 and TS 57.
159 Auditor General’s Report 2010 160 Auditor General’s Report 2010 CHAPTER 5 PAYMENTS OUT OF PUBLIC MONEYS TO MEMBERS OF PARLIAMENT 161 Auditor General’s Report 2010 162 Auditor General’s Report 2010 CHAPTER 5 PAYMENTS OUT OF PUBLIC MONEYS TO MEMBERS OF PARLIAMENT 5.01 Section 25(2) of the Exchequer and Audit Act, Chapter 69:01 stipulates that: “The Auditor General shall set out in his annual report all payments made out of public moneys to a member of each House of Parliament (other than the salary and any allowances paid to him as a Minister, President or Deputy President of the Senate, Speaker or Deputy Speaker of the House, Parliamentary Secretary or as a member, and any pension paid to such member) by stating the name of the member receiving the payment, the total amount which he has received and the service or services in respect of which the payment was made.” 5.02 By Auditor General’s Circular Memorandum No.
5 of 2010 dated 2010 December 09 all Permanent Secretaries and Heads of Departments were requested to submit particulars of all payments made out of public moneys to Members of Parliament as required by section 25(2) of the Exchequer and Audit Act.

“Nil” responses were received in several instances.

However, the following information was received from the Ministry of the Attorney General and was also included at Note 4 to the Appropriation Account of that Ministry.
Name of Member Receiving Payment Amount Received $ Service or Services in respect of which Payment was made Dana S. Seetahal 140,000.00 Retainer Fees Dana S. Seetahal 37,500.00 Senior Counsel Fee for 2009 October Dana S. Seetahal 37,500.00 Monthly retainer re: Criminal Appeals Dana S. Seetahal 37,500.00 Senior Counsel Fee for 2009 November Dana S. Seetahal 100,000.00 Professional Services re: The State v Abu Bakr Dana S. Seetahal 37,500.00 Monthly retainer re: Appeals in Court of Appeal Dana S. Seetahal 20,000.00 Requisition Fee re: 2009-01-01429 Dana S. Seetahal 37,500.00 Dana S. Seetahal 37,500.00 Monthly retainer re: Appeals in Court of Appeal Monthly retainer re: Appeals in Court of Appeal Dana S. Seetahal 10,000.00 Total Carried Forward 495,000.00 Requisition Fees for opinion on the Police Complaints Authority Act 2006 163 Auditor General’s Report 2010 Name of Member Receiving Payment Amount Received $ Service or Services in respect of which Payment was made Total Brought Forward 495,000.00 Dana S. Seetahal 37,500.00 Monthly retainer re: Appeals in Court of Appeal Dana S. Seetahal 140,000.00 Retainer Fees re: Judicial Reviews Dana S. Seetahal 37,500.00 Requisition Fees for 2010 May Dana S. Seetahal 37,500.00 Professional Fees for 2010 June Dana S. Seetahal 272,875.00 Professional Services re: Auction of Properties on 2010 August 17 Dana S. Seetahal 722,500.00 Professional Services/Retainer Fees Dana S. Seetahal 37,500.00 Professional Services for 2010 July TOTAL 1,780,375.00 164 Auditor General’s Report
 2010 APPENDICES 165 Auditor General’s Report 2010 166 Auditor General’s Report 2010 APPENDIX 1 In accordance with section 24 (1) (a) of the Exchequer and Audit Act, Chapter 69:01 as amended by the Financial Year Act, 1998, the Treasury was required to submit Financial Statements for the financial year ended 2010 September 30 by 2011 January 31.
Listed below are the Financial Statements received from the Treasury which have been reproduced in this document.

1.

2.

3.

4.

5.

6.

7.

8.

9.
STATEMENTS RECEIVED The Exchequer Account (TS 2 – TS 7) Statement of the Public Debt (TS 8 – TS 10) DATE RECEIVED 2011 January 31 2011 January 31 Statement of Loans from General Revenue (TS 11 – TS 16) 2011 January 31 Statement of Revenue (TS 17) Statement of Expenditure (TS 18 – TS 19) The Statement of the Loans or Credit guaranteed By the State (TS 20 – TS 23) 2011 January 31 2011 January 31 2011 January 31 Consolidated Statement of Assets and Liabilities (TS 24) 2011 January 31 The Consolidated Fund (TS 25) Notes to the Accounts (TS 26 – TS 30) 10. Letters of Comfort issued by the Government of Trinidad and Tobago (TS 31 – TS 34) 2011 January 31 2011 January 31 2011 January 31 11.
Statement of Promissory Notes (TS 35 – TS 37) 2011 January 31 12.

Balances outstanding on the Build, Operate, Lease and Transfer (BOLT) Projects (TS 38) 2011 January 31 13.

Statement of Balances on Loans assumed by the Government of the Republic of Trinidad and Tobago (TS 39) 2011 January 31 14.

Statements of Loans from the Funds for Long-Term Development (TS 40 – TS 41) 15.

Schedule of Special Funds appearing in the Consolidated Statements of Assets and Liabilities (TS 42) 16.
Schedule of Trust Funds appearing in the Consolidated Statement of Assets and Liabilities (TS 43) 2011 January 31 2011 January 31 2011 January 31 167 Auditor General’s Report 2010 APPENDIX 1 (cont’d) STATEMENTS RECEIVED 17.

The Unemployment Fund (TS 44 – TS 45) 18.

The Road Improvement Fund (TS 46 – TS 47) DATE RECEIVED 2011 January 31 2011 January 31 19.

The Infrastructure Development Fund (TS 48 – TS 49) 2011 January 31 20.
National Union of Government and Federated Workers Training Fund (TS 50 – TS 51) 21.

Government Assistance for Tuition Expenses (GATE) Fund (TS 52 – TS 53) 22.

Green Fund (TS 54 – TS 55) 2011 January 31 2011 January 31 2011 January 31 23.

CARICOM Trade Support Fund (TS 56 – TS 57) 2011 January 31 24.
CARICOM Petroleum Fund (TS 58 – TS 59) 2011 January 31 168 Auditor General’s Report 2010 APPENDIX 2 In accordance with section 24 (1) (b) of the Exchequer and Audit Act, Chapter 69:01 as amended by the Financial Year Act, 1998, Accounting Officers were required to prepare and transmit to the Auditor General, Appropriation Accounts for the financial year ended 2010 September 30 by 2011 January 31.

Listed below are the Appropriation Accounts received from Accounting Officers and the date of their receipt.
(Paragraph 2.06 of the Report refers.)
HEAD OF EXPENDITURE MINISTRY/DEPARTMENT DATE RECEIVED 01 02 03 04 05 06 07 08 09 11 12 13 President Auditor General Judiciary Industrial Court Parliament Service Commissions 2011 January 31 2011 January 27 2011 March 04 2011 January 25 2011 January 28 2011 January 31 Statutory Authorities’ Service Commission 2011 January 31 Elections and Boundaries Commission 2011 February 02 Tax Appeal Board 2011 February 02 Registration Recognition and Certification Board 2011 January 31 Public Service Appeal Board Office of the Prime Minister 2011 January 31 2011 January 31 Tobago House of Assembly 2011 February 07 Central Administrative Services, Tobago 2011 February 07 Personnel Department Ministry of Finance Charges on Account of the Public Debt Pensions and Gratuities 2011 January 31 2011 January 31 2011 January 31 2011 January 31 169 Auditor General’s Report 2010 APPENDIX 2 (cont’d) HEAD OF EXPENDITURE MINISTRY/DEPARTMENT DATE RECEIVED 26 28 30 31 35 37 38 39 40 42 43 46 47 48 54 Ministry of Planning, Housing and the Environment 2011 February 03 Ministry of National Security 2011 January 31 Ministry of the Attorney General 2011 February 01 Ministry of Legal Affairs 2011 January 31 Ministry of Food Production, Land and Marine Affairs 2011 January 31 Ministry of Education Ministry of Health Ministry of Labour and Small and Micro Enterprise Development Ministry of Public Administration Ministry of Tourism Integrity Commission Environmental Commission Ministry of Public Utilities 2011
 January 31 2011 January 27 2011 January 31 2011 January 26 2011 January 27 2011 January 27 2011 January 27 2011 January 27 Ministry of Energy and Energy Affairs 2011 February 01 Ministry of Local Government Ministry of Works and Transport Ministry of Sport and Youth Affairs Ministry of Foreign Affairs Ministry of Trade and Industry Ministry of Science, Technology and Tertiary Education 2011 January 31 2011 January 31 2011 January 28 2011 January 31 2011 January 31 2011 January 31 170 Auditor General’s Report 2010
 APPENDIX 2 (cont’d) HEAD OF EXPENDITURE MINISTRY/DEPARTMENT DATE RECEIVED 55 56 57 58 59 60 61 62 63 Ministry of Community Development, Culture and Gender Affairs 2011 January 31 Ministry of the People and Social Development 2011 January 31 Ministry of Information Ministry of Justice 2011 January 31 2011 January 31 Ministry of Tobago Development 2011 February 07 Ministry of Planning, Economic and Social Restructuring and Gender Affairs 2011 February 01 Ministry of Housing and the Environment 2011 January 31 Ministry of Community Development 2011 January 31 Ministry of Arts and Multiculturalism 2011 February 01 171 Auditor General’s Report 2010 APPENDIX 3 List of Statements of Receipts and Disbursements received from Receivers of Revenue and the date of their receipt (Statements received after 2011 February 28 were not included) (Paragraph 3.07 of the Report refers) CODE RECEIVER OF REVENUE DATE RECEIVED AG 1 Assistant Auditor General Auditor General’s Department AL 1 AL 2 AL 3 Permanent Secretary, Ministry of Food Production Land and Marine Affairs Director of Surveys, Ministry of Food Production, Land and Marine Affairs Commissioner of State Lands, Ministry of Food Production, Land and Marine Affairs 2011 January 24 2011 January 31 2011 January 31 2011 January 31 AT 4 Chief State Solicitor, Ministry of the Attorney General 2011 January 31 CD 1 Permanent Secretary, Ministry of Community Development 2011 January 31 EB 1 Chief Election Officer, Elections and
 Boundaries Commission 2011 February 01 ED 1 Permanent Secretary, Ministry of Education 2011 January 31 EN 1 Permanent Secretary, Ministry of Energy and Energy Affairs 2011 February 02 FA 1 Permanent Secretary, Ministry of Foreign Affairs FN 1 Comptroller of Accounts, Ministry of Finance Not Received 2011 January 31 FN 2 Chairman, Board of Inland Revenue, Ministry of Finance 2011 January 31 FN 3 Comptroller of Customs and Excise, Ministry of Finance 2011 January 31 FN 5 Permanent Secretary, Ministry of Finance
 (Investment Division) FN 6 Permanent Secretary, Ministry of Finance HE 1 Permanent Secretary, Ministry of Health IC 1 Registrar, Industrial Court 2011 January 31 2011 January 31 Not Received 2011 January 25 172 Auditor General’s Report 2010 APPENDIX 3 (cont’d) CODE RECEIVER OF REVENUE DATE RECEIVED JM 1 Chief Magistrate, Judiciary – Magistracy JS 1 Registrar, Judiciary – Supreme Court 2011 January 28 2011 January 28 LA 1 Registrar General, Ministry of Legal Affairs 2011 February 03 LA 2 Controller, Intellectual Property Office, Ministry of Legal Affairs LA 3 Permanent Secretary, Ministry of Legal Affairs LE 1 Permanent Secretary, Ministry of Labour and Small and Micro Enterprise Development 2011 February 07 2011 January 31 2011 January 31 NS 1 Permanent Secretary, Ministry of National Security 2011 January 31 NS 2 Chief Immigration Officer, Ministry of National Security Not Received NS 3 Commissioner of Police, Ministry of National Security 2011 January 31 NS 4 Chief Fire Officer, Ministry of National Security Not Received NS 5 Commissioner of Prisons, Ministry of National Security 2011 January 14 PA 1 Permanent Secretary, Ministry of Public Administration 2011 January 26 PA 3 Permanent Secretary, Ministry of Public Administration 2011 January 26 PH 1 PH 2 Permanent Secretary, Ministry of Planning, Economic and Social Restructuring and Gender Affairs 2011 February 28 Director of Statistics, Ministry of Planning, Economic and Social Restructuring and Gender
 Affairs PU 1 Permanent Secretary, Ministry of Public Utilities Not Received 2011 January 27 RO 1 Revenue Officer V, St. George West – Ministry of Finance 2011 January 26 RO 2 Revenue Officer IV, St. George East – Ministry of Finance 2011 January 18 173 Auditor General’s Report 2010 APPENDIX 3 (cont’d) CODE RECEIVER OF REVENUE DATE RECEIVED RO 3 Revenue Officer IV, Caroni/Chaguanas – Ministry of Finance 2011 February 02 RO 4 Revenue Officer IV, St. Andrew/St.
David – Ministry of Finance 2011 January 25 RO 5 Revenue Officer IV, St. Patrick – Ministry of Finance 2011 January 21 RO 6 Revenue Officer IV, Nariva/Mayaro – Ministry of Finance 2011 February 02 RO 7 Revenue Officer IV, Victoria – Ministry of Finance RO 8 Revenue Officer IV, Tobago SC 1 Director of Personnel Administration – Service Commissions Department 2011 January 25 Not Received 2011 January 31 SY 1 Permanent Secretary, Ministry of Sport and Youth Affairs 2011 January 28 TA 1 Registrar, Tax Appeal Board 2011 February 02 TR 1 Permanent Secretary, Ministry of Trade and Industry 2011 January 31 WT 1 Permanent Secretary, Ministry of Works and Transport Not Received WT 2 Transport Commissioner, Ministry of Works and Transport 2011 February 02 WT 3 Director, Maritime Services – Ministry of Works and Transport Not Received 174 Auditor General’s Report 2010 APPENDIX 4 In accordance with section 24 (2) (a) and (b) of the Exchequer and Audit Act, Chapter 69:01 as amended by the Financial Year Act, 1998, officers administering a fund established under section 43 of the Act or any trust or other fund were required to prepare, sign and transmit to the Auditor General an account for the financial year ended 2010 September 30 by 2011 January 31.
Listed below are the Accounts received from Administering Officers and the date of their receipt.

(Financial Statements received after 2011 February 28 were not included).

(Paragraph 4.05 of the Report refers.)

ADMINISTERING OFFICERS DATE RECEIVED 1.


THE UNEMPLOYMENT FUND Permanent Secretary, Ministry of Food Production, Land and Marine Affairs Permanent Secretary, Ministry of Finance 2011 January 31 Not Received Permanent Secretary, Ministry of Finance (2010 Unemployment Relief Programme, Tobago House of Assembly) 2011 February 08 2.

GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND Permanent Secretary, Ministry of Science, Technology and Tertiary Education 2011 January 31 3.
NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS TRAINING FUND Chief Personnel Officer 2011 January 31 4.

CARICOM PETROLEUM FUND Permanent Secretary, Ministry of Finance 2011 February 08 5.

GREEN FUND Permanent Secretary, Ministry of Housing and the Environment 2011 February 15 6.
INFRASTRUCTURE DEVELOPMENT FUND Permanent Secretary, Office of the Prime Minister Permanent Secretary, Ministry of Finance 2011 February 16 2011 February 08 175 Auditor General’s Report 2010 APPENDIX 4 (cont’d) ADMINISTERING OFFICERS DATE RECEIVED Permanent Secretary, Ministry of Planning, Economic and Social Restructuring and Gender Affairs 2011 February 16 Permanent Secretary, Ministry of the Attorney General Not Received Permanent Secretary, Ministry of Food Production, Land and Marine Affairs Permanent Secretary, Ministry of Education Permanent Secretary, Ministry of Health Permanent Secretary, Ministry of Labour and Small and Micro Enterprise Development Permanent Secretary, Ministry of Public Administration Permanent Secretary, Ministry of Tourism Permanent Secretary, Ministry of Public Utilities Permanent Secretary, Ministry of Energy and Energy Affairs Permanent Secretary, Ministry of Local Government Permanent Secretary, Ministry of Works and Transport 2011 January 31 Not Received Not Received 2011 January 31 2011 January 31 2011 January 31 Not Received Not Received 2011 January 31 2011 January 31 Permanent Secretary, Ministry of Sport and Youth Affairs Not Received Permanent Secretary, Ministry of Foreign Affairs 2011 February 16 Permanent Secretary, Ministry of Trade and Industry Not Received Permanent Secretary, Ministry of Science, Technology and Tertiary Education 2011 January 31 Permanent Secretary, Ministry of Community Development 2011 February 16 Permanent Secretary, Ministry of Information
 2011 January 31 176 Auditor General’s Report 2010 APPENDIX 5 Outstanding Commitments as Reported to the Auditor General as at 2010 September 30 (Paragraph 2.98 of the Report refers) Head of Expenditure Ministry/Department Outstanding Commitments Reported $ President Judiciary Industrial Court Parliament Service Commissions Statutory Authorities’ Service Commission Elections and Boundaries Commission Tax Appeal
 Board Registration Recognition and Certification Board Public Service Appeal Board Office of the Prime Minister Tobago House of Assembly Central Administrative Services, Tobago Personnel Department Ministry of Finance  Customs and Excise Division   Treasury Division Inland Revenue and Valuation Division Ministry of Planning, Housing and the Environment  Central Statistical Office Ministry of National Security Ministry of the Attorney General Ministry of Legal Affairs Ministry of Food Production, Land and Marine Affairs Ministry of Education Ministry of Health Ministry of Labour and Small and Micro Enterprise Development Ministry of Public Administration Ministry of Tourism  General Administration  Lifeguard Services Integrity Commission Environmental Commission Ministry of Public Utilities Ministry of Energy and Energy Affairs Ministry of Local Government Ministry of Works and Transport Ministry of Sport and Youth Affairs Carried Forward Nil NR Nil NR 8,530.00 Nil 424,000.00 NR NR Nil Nil NR NR 7,750.00 671,156.22 1,263,316.60 NR NR NR 52,679,358.57 195,624.97 176,929.00 7,094,547.65 2,730,563.00 NR 554,616.68 111,144.94 147,237.38 30,863.21 NR 598.00 2,774,991.67 1,321,624.75 NR NR NR 70,192,852.64 177 Auditor General’s Report 2010 APPENDIX 5 (cont’d) Head of Expenditure Ministry/Department Outstanding Commitments Reported $ Brought Forward Ministry Foreign Affairs Ministry of Trade and Industry Ministry of Science, Technology and Tertiary Education Ministry
 of Community Development, Culture and Gender Affairs Ministry of the People and Social Development Ministry of Information Ministry of Justice Ministry of Tobago Development Ministry of Planning, Economic and Social Restructuring and Gender Affairs Ministry of Housing and the Environment Ministry of Community Development Ministry of the Arts and Multiculturalism 47 48 54 55 56 57 58 59 60 61 62 63 70,192,852.64 NR 278,381.14 820,524.00 210,887.76 5,179,929.18 NA NA NA Nil NA NA NA TOTAL 76,682,574.72 NR –
 Not Received NA – Not Applicable 178 Auditor General’s Report 2010 APPENDIX 6 Summary of Deposit Accounts in respect of which Reconciliation Statements and/or Analyses of Balances as at 2010 September 30 were not received (Paragraph 2.104 of the Report refers) NAME OF MINISTRY/DEPARTMENT NO.
OF ACCOUNTS Judiciary  St. Patrick, Siparia  St. Patrick, Point Fortin  St. Patrick, La Brea  Caroni, Chaguanas  Caroni, Couva  Victoria, San Fernando  Victoria, Princes Town  St. George East, Tunapua  St. George East, Arima  St. George West, Port of Spain  Southern Eastern Counties, Rio Claro  St. Andrew/St.
David, Sangre Grande  Tobago Parliament Ministry of Finance Inland Revenue   Revenue Officer IV – Tobago  Customs and Excise  Comptroller of Accounts Ministry of National Security  General Administration  Defence Force  Immigration  Prisons 6 2 1 2 4 4 4 4 4 4 4 4 4 4 1 1 1 1 2 6 4 3 4 Carried Forward 74 179 Auditor General’s Report 2010 APPENDIX 6 (cont’d) NAME OF MINISTRY/DEPARTMENT NO.

OF ACCOUNTS Brought Forward …………….
74 Ministry of Legal Affairs Ministry of Food Production, Land and Marine Affairs Ministry of Education Ministry of Health Ministry of Labour and Small and Micro Enterprise Development Ministry of Public Utilities Ministry of Energy and Energy Affairs Ministry of Works and Transport Ministry of Sport and Youth Affairs Ministry of Foreign Affairs Ministry of Trade and Industry Ministry of Science, Technology and Tertiary Education Ministry of Planning, Economic and Social Restructuring And Gender Affairs  Central Statistical Office Ministry of Housing and the Environment Trinidad and Tobago Police Service 2 2 6 7 1 2 6 6 1 17 1 4 3 2 4 TOTAL 138 180 Auditor General’s Report 2010 APPENDIX 7 Particulars of Deposits that have not been transferred to revenue after three (3) years (Paragraph 2.105 of the Report refers) Ministry/ Department Judiciary  St. Patrick, Siparia Ministry of Finance  Comptroller of Accounts  Inland Revenue Ministry of Food Production, Land and Marine Affairs Ministry of Labour and Small and Micro Enterprise Development Ministry of Public Utilities Ministry of the People and Social Development No.
of Accounts Amount $ 1 12 4 2 2 1 1 1,612.00 28,974,882.36 2,272.34 1,096,764.64 529,817.91 3,625.00 139,060.00 Total 23 30,748,034.25 181 Auditor General’s Report 2010 APPENDIX 8 Cases of Overpayments and Recoveries Reflected in the 2010 Appropriation Accounts received as at 2011 February 28 (Paragraph 2.107 of the Report refers) HEAD MINISTRY/DEPARTMENT NO.
OF CASES AMOUNT OVERPAID $ AMOUNT RECOVERED $ 01 02 03 04 05 06 07 08 09 11 12 13 15 16 17 18 President Auditor General Judiciary Industrial Court Parliament Service Commissions Statutory Authorities Service Commission Nil 49 29 9 118 105 Nil 0.00 0.00 51,250.62 35,447.40 44,569.15 37,883.14 5,730.37 4,630.37 186,735.54 152,143.44 113,129.17 57,032.30 0.00 0.00 Elections and Boundaries Commission 131 144,253.02 79,739.22 Tax Appeal Board Registration, Recognition and Certification Board Public Service Appeal Board Office of the Prime Minister Tobago House of Assembly Central Administrative Services, Tobago Personnel Department Ministry of Finance - Customs and Excise Division - Inland Revenue and Valuation Divisions - Treasury Division Nil 4 Nil 78 1 4 5 50 198 120 0.00 0.00 810.28 810.28 0.00 0.00 74,701.41 74,701.41 75,250,000.00 75,250,000.00 1,301.84 1,301.84 5,811.68 5,730.43 70,700.05 61,921.22 285,236.27 331,705.02 145,916.68 72,213.18 Carried Forward 901 76,565,934.42 75,979,470.91 182 Auditor General’s Report 2010 APPENDIX 8 (cont’d) HEAD MINISTRY/DEPARTMENT NO.
OF CASES AMOUNT OVERPAID $ AMOUNT RECOVERED $ Brought Forward 901 76,565,934.42 75,979,470.91 20 Pensions and Gratuities - Works and Transport 21 Ministry of Planning, Housing and the Environment 22 Ministry of National Security - General Administration - Fire Service - Prison Service - Police Service - Regiment - Coast Guard - Immigration - Forensic Science Centre - Office of Disaster Preparedness and Management - Air Guard Ministry of the Attorney General Ministry of Legal Affairs 335 205,476.29 144,607.95 Ministry of Food Production, Land and Marine Affairs Ministry of Education Ministry of Health Ministry of Labour and Small and Micro Enterprise Development Ministry of Public Administration Ministry of Tourism - General Administration - Lifeguard Services 26 727 174 30 29 3 5 38,388.70 28,223.82 6,198,005.75 1,250,660.45 444,453.92 244,633.00 20,601.37 12,494.07 88,565.72 57,975.97 289.42 2,390.00 289.42 2,390.00 Carried Forward 3,664 89,754,151.38 79,984,236.68 183 Auditor General’s Report 2010 APPENDIX 8 (cont’d) HEAD MINISTRY/DEPARTMENT NO.
OF CASES AMOUNT OVERPAID $ AMOUNT RECOVERED $ Brought Forward 3,664 89,754,151.38 79,984,236.68 Integrity Commission Environmental Commission Ministry of Public Utilities Ministry of Energy and Energy Affairs Ministry of Local Government 1 Nil 85 1 20 16,071.42 16,071.42 0.00 0.00 1,363,971.90 1,169,212.46 9,413.00 0.00 101,536.97 76,469.56 Ministry of Works and Transport 214 263,180.66 164,780.43 Ministry of Sport and Youth Affairs 12 77,752.20 7,463.45 37 38 39 40 42 43 46 47 Ministry of Foreign Affairs 48 Ministry of Trade and Industry 54 55 56 Ministry of Science, Technology and Tertiary Education Ministry of Community Development, Culture and Gender Affairs Ministry of the People and Social Development 57 Ministry of Information 58 Ministry of Justice 59 Ministry of Tobago Development *60 Ministry of Planning, Economic and Social Restructuring and Gender Affairs 22 14 116,466.67 91,226.35 18,023.00 16,624.24 453 1,117,821.88 275,787.94 8 66,664.17 7,102.88 119 424,763.81 209,635.81 20 Nil 1 124,777.29 44,661.88 0.00 0.00 1,148.61 1,148.61 - - - Carried Forward 4,634 93,455,742.93 82,064,421.71 184 Auditor General’s Report 2010 APPENDIX 8 (cont’d) HEAD MINISTRY/DEPARTMENT NO.
OF CASES AMOUNT OVERPAID $ AMOUNT RECOVERED $ Brought Forward 4,634 93,455,742.93 82,064,421.71 61 Ministry of Housing and the Environment Nil 0.00 0.00 62 Ministry of Community Development 3 8,620.03 7,920.03 63 Ministry of the Arts and Multiculturalism Nil 0.00 0.00 TOTAL 4,637 93,464,362.99 82,072,341.74 * Included under Head 21 185 Auditor General’s Report 2010 APPENDIX 9/1 Cases of Theft and Losses – Less than or equal to $5,000.00 New cases reported and still outstanding as at 2010 September 30 (Paragraph 2.109 of this Report refers) MINISTRY/DEPARTMENT Tobago House of Assembly Attorney General Legal Affairs Food Production, Land and Marine Affairs Education Local Government Works and Transport Sport and Youth Affairs Trinidad and Tobago Police Service TOTAL NO.
OF CASES 4 2 1 1 28 1 2 1 8 48 AMOUNT $ 8,300.00 3,720.00 3,800.00 311.00 111,937.27 1,092.50 4,540.00 800.00 5,726.01 140,226.78 186 Auditor General’s Report 2010 APPENDIX 9/2 Cases of Theft and Losses – More than $5,000.00 New cases reported and still outstanding as at 2010 September 30 (Paragraph 2.109 of this Report refers) MINISTRY/DEPARTMENT NO.
OF CASES Judiciary Finance  Inland Revenue Division National Security  Fire Services Legal Affairs Food Production, Land and Marine Affairs Education Health Labour and Small and Micro Enterprise Development Public Utilities Local Government Works and Transport Trade and Industry AMOUNT $ 19,529.97 162,982.50 36,000.00 24,450.00 26,544.00 1 1 1 1 3 45 1,789,059.48 1 1 1 3 1 1 15,244.74 40,000.00 20,400.00 18,609.84 6,600.00 8,095.50 TOTAL 60 2,167,516.03 187 Auditor General’s Report 2010 APPENDIX 10 Schedule showing differences in excess of $100,000.00 between revenue collected as reflected in the Statement of Revenue and the respective Statements of Receipts and Disbursements (Paragraph 3.05 of the Report refers) Receiver of Revenue Statement of Revenue $ Statement of Receipts and Disbursements $ Difference $ Comptroller of Accounts, Ministry of Finance - FN 1 Chairman, Board of Inland Revenue, Ministry of Finance - FN 2 Comptroller of Customs and Excise, Ministry of Finance - FN 3 Permanent Secretary, Ministry of National Security - NS 1 Permanent Secretary, Ministry of Public Administration - PA 1 3,621,802,179.91 2,459,882,865.79 1,161,919,314.12 32,766,059,098.65 32,768,399,070.32 2,339,971.67 2,930,303,640.45 2,925,537,955.06 4,765,685.39 34,884,353.44 35,053,993.41 169,639.97 998,253.50 895,653.50 102,600.00 188 Auditor General’s Report 2010 APPENDIX 11 Revenue Items for which Return of Arrears of Revenue as at 2010 September 30 were not received (Paragraph 3.26 of the Report refers) Receiver of Revenue
 Head/ Sub Head Item No.
of Items Permanent Secretary Ministry of Food Production, Land and Marine Affairs – AL 1 Permanent Secretary Ministry of Community Development – CD 1 Permanent Secretary Ministry of Energy and Energy Affairs – EN 1 Permanent Secretary Ministry of Foreign Affairs – FA1 Chairman, Board of Inland Revenue Ministry of Finance – FN 2 Permanent Secretary Ministry of Finance – FN 5 03/06 07/01 07/04 06/01 07/04 07/06 03/06 06/03 06/06 07/01 07/04 07/06 07/01 07/06 01/01 - 05, 07, 09 03/05 03/06 03/07 05/01 07/01 06/04 06/05 07/06 001 - 007 001 - 010 001, 004 - 006, 009 - 010, 012, 016, 018 - 021 001 002 002 001, 003, 010 – 012, 014 001 - 003 001 002, 004, 009 - 010, 013 001 001 002 001 - 001, 003 001, 004 - 006, 015, 019 - 021 001 - 001-003 002 001 002 Registrar Industrial Court – IC 1 Controller, Intellectual Property Office Ministry of Legal Affairs – LA 2 07/04 001 07/01 001 Carried forward 29 3 17 2 22 3 1 1 78 189 Auditor General’s Report 2010 APPENDIX 11 (cont’d) Receiver of Revenue Head/ Sub Head Item Brought forward Permanent Secretary Ministry of Legal Affairs – LA 3 Permanent Secretary Ministry of National Security – NS 1 Chief Immigration Officer Ministry of National Security – NS 2 Commissioner of Police Ministry of National Security – NS 3 Chief Fire Officer Ministry of National Security – NS4 Permanent Secretary Ministry of Housing and the Environment – PH 1 Director of Statistics Ministry of Planning, Economic and Social Restructuring and Gender Affairs – PH 2 Director of Personnel Administration Service
 Commissions Department – SC 1 Registrar Tax Appeal Board – TA 1 Permanent Secretary Ministry of Trade and Industry – TR 1 Director, Maritime Services Ministry of Works and Transport – WT 3 Total 07/01 002 07/04 03/06 07/01 07/02 07/06 03/06 07/01 001 001 001 - 002, 005 - 007 001 001 001 001, 003 - 004 07/01 002 06/06 08/03 003 003 07/01 001- 002 07/01 001 07/04 03/03 03/06 06/01 03/06 06/01 07/01 07/04 07/06 001 001, 003 001- 002 001 001 - 003, 005 - 007 001 001 001 001 - 003 No.
of Items 78 1 1 8 4 1 2 2 1 1 5 12 116 190 Auditor General’s Report 2010 191 Auditor General’s Report 2010 192 Auditor General’s Report 2010