Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697631897546.pdf (Antigua and Barbuda)
AUDITED FINANCIAL REPORT 2014 GOVERNMENT OF ANTIGUA AND BARBUDA Office of the Director of Audit TABLE OF CONTENTS SECTION AUDITED FINANCIAL REPORT 2014 PAGE Acknowledgement …………………………………………………………………….. 3 Director of Audit Report ……………………………………………………………….. 4 Statement of Consolidated Revenue and Expenditure …………………………………... 7 Statement of Assets and Liabilities ……………………………………………………… 11 Statement of Comprehensive Actual Revenue for 2014 & 2013…….

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13 Statements of Public Debt ……………………………………………………………… 20 Statement of Special Fund /Special Accounts ………………………………………….

22 Statement of Deposit Funds ………………………………………………………..…….

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23 Statements of Advances …………………………………………………………………….

26 Statement of Contingent Liabilities ………………………………………………………... 28 Statement of Accounts Payable Other Government ………………………………………… 30 Statement of Nation Development Funds Source & Application of Funds ………………….
31 Statement of Variance Analyses Budget vs. Actual – Revenue and Expenditure ……………32 Consolidated Statement of Revenue & Expenditure ………………………………………… 33 Notes to the Financial Statements …………………………………………………………….36 Introduction ……………………………………………………………………………..…….45 The Nature and Scope of the Audit ……………………………………………………..…… 46 Audit Findings ……………………………………………………………………………….. 51 Status of Financial Statements of Statutory Bodies/Agencies……………………..………….69 SCHEDULE APPENDICES Authorities of Expenditures ………………………………………………………….. A – E Audited Ministries / Departments ……………………………………………………..F | 2 AUDITED FINANCIAL REPORT 2014 ACKNOWLEDGEMENT As I reflect on the past year, I acknowledge that nothing could have been accomplished without the help of God who has given us the strength and wisdom needed to function.
I would like to express my gratitude and profound thanks to my staff, who has continued to work towards achieving our organization’s goal, in spite of the challenges that we face year after year.

I wish also to publicly thank the Accountant General and her staff for working along with my department throughout the year(s) and we look forward to a continued partnership.
| 3 AUDITED FINANCIAL REPORT 2014 GOVERNMENT OF ANTIGUA AND BARBUDA Office of the Director of Audit St Mary’s and Temple Streets St John’s, Antigua and Barbuda, W.I.
Tel: 1 (268) 462-0022 Fax: 1 (268) 460-5960 E-mail: audit@ab.gov.ag Ref: No 30th November 2015 AUDITOR’S REPORT To: The Honourable Members of the House of Parliament Report on the Financial Statements I have audited the accompanying Public Accounts of the Government of Antigua and Barbuda as at December 31, 2014 which comprises the Statements of Assets and Liabilities, Revenue and Expenditure, Special Fund/Special Accounts, Deposit Funds, Public Debt, Contingent Liability and Advances as required by the Finance Administration Act, 2006 section 56.
Management’s Responsibility for the Financial Statements Under Part IX, 56 (2) of the Finance Administration Act, the Accountant General is responsible for preparing, maintaining and ensuring that a proper system of accounts is established and all public monies are accountable for and reflect the financial position of Antigua and Barbuda at the end of the financial year.
Section 56(2) of the aforementioned Act requires the Accountant General, to sign and certify the Public Accounts and submit these statements to the Director of | 4 AUDITED FINANCIAL REPORT 2014 Audit, not later than six (6) months after the end of every financial year.
The Accountant General’s responsibilities include the maintenance of adequate accounting records and internal controls relevant to determine if these Public Accounts are free from material misstatements due to error of fraud in accordance with International Financial Reporting Standards.

Auditor’s Responsibility The Director of Audit’s responsibility is to express an opinion on the Public Accounts.
As with the previous years, this audit was guided by the International Standards for Supreme Audit Institutions (ISSAIs) issued by the International Organization of Supreme Audit Institutions (INTOSAI).

The audit was conducted using tests and other procedures that are considered necessary for reporting as required by the Constitution of Antigua and Barbuda Section 97 subsection 2b.
The audit involved performing procedures to obtain audit evidence to support the amounts and disclosures in the Public Accounts.

An Audit assessment is based on the auditor’s judgment in determining the risk of material misstatements of the Public Accounts as well as the appropriateness of accounting policies used; the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the Public Accounts.
In making those risk assessments; the auditor considers internal controls relevant to the preparation and fair presentation of the financial statements with the view of designing audit procedures suitable under the given circumstances.

This is not to be used for the purpose of expressing an opinion on the effectiveness of the internal control.
Opinion The evaluation of the internal control showed that in many cases the existence of policies and regulations were not disseminated to the relevant individuals therefore these laws and guidelines were not fully adhere to.

The whole issue of accountability and reliability is paramount in any financial institution and as such the financial statements of Antigua and Barbuda should be prepared and presented in a manner that promotes full disclosure by all the stakeholders.
The Revenue collection and Revenue reporting continue to be an area of high risk and from all indication, it was observed from our sample, a difference of $13,993,783 between the actual collections from the revenue department and the Office of the Accountant General.
Additionally, during the financial year, an amount of $1,107,579,310.18 representing/was calculated as Supplementary Appropriation for special warrants that have not been approved by the House as stipulated by the Finance and Administration Act 2006.

| 5 AUDITED FINANCIAL REPORT 2014 These, along with our other findings, contribute to the opinion given by this office.
I did not find that the audit evidence present fairly the financial position of the Government of Antigua and Barbuda for the financial year ending 31st December 2014.
………………………… Dean Evanson Director of Audit St Mary’s & Temple Street, St John’s 30th November, 2015 | 6 AUDITED FINANCIAL REPORT 2014 | 7 AUDITED FINANCIAL REPORT 2014 | 8 AUDITED FINANCIAL REPORT 2014 | 9 AUDITED FINANCIAL REPORT 2014 | 10 AUDITED FINANCIAL REPORT 2014 | 11 AUDITED FINANCIAL REPORT 2014 | 12 AUDITED FINANCIAL REPORT 2014 | 13 AUDITED FINANCIAL REPORT 2014 | 14 AUDITED FINANCIAL REPORT 2014 | 15 AUDITED FINANCIAL REPORT 2014 | 16 AUDITED FINANCIAL REPORT 2014 | 17 AUDITED FINANCIAL REPORT 2014 | 18 AUDITED FINANCIAL REPORT 2014 | 19 AUDITED FINANCIAL REPORT 2014 | 20 AUDITED FINANCIAL REPORT 2014 | 21 AUDITED FINANCIAL REPORT 2014 | 22 AUDITED FINANCIAL REPORT 2014 | 23 AUDITED FINANCIAL REPORT 2014 | 24 AUDITED FINANCIAL REPORT 2014 | 25 AUDITED FINANCIAL REPORT 2014 | 26 AUDITED FINANCIAL REPORT 2014 | 27 AUDITED FINANCIAL REPORT 2014 | 28 AUDITED FINANCIAL REPORT 2014 | 29 AUDITED FINANCIAL REPORT 2014 | 30 AUDITED FINANCIAL REPORT 2014 | 31 AUDITED FINANCIAL REPORT 2014 | 32 AUDITED FINANCIAL REPORT 2014 | 33 AUDITED FINANCIAL REPORT 2014 | 34 AUDITED FINANCIAL REPORT 2014 | 35 AUDITED FINANCIAL REPORT 2014 | 36 AUDITED FINANCIAL REPORT 2014 | 37 AUDITED FINANCIAL REPORT 2014 | 38 AUDITED FINANCIAL REPORT 2014 | 39 AUDITED FINANCIAL REPORT 2014 | 40 AUDITED FINANCIAL REPORT 2014 | 41 AUDITED FINANCIAL REPORT 2014 | 42 AUDITED FINANCIAL REPORT 2014 | 43 AUDITED FINANCIAL REPORT 2014 | 44 AUDITED FINANCIAL REPORT 2014 REPORT OF THE DIRECTOR OF AUDIT ON THE ACCOUNTS OF ANTIGUA AND BARBUDA FOR THE YEAR ENDED DECEMBER 31, 2014 INTRODUCTION 1.1 This report is made to the Honourable Minister of Finance and Corporate Governance in It does accordance with Section 97(5) of the Constitution of Antigua and Barbuda.
not report on the Ministerial/Divisional Accounts for the year ended December 31, 2014.

The comments herein are accordingly confined to matters arising out of the Annual Financial Statements for the year ended December 31, 2014, submitted by the Accountant General.
1.2 The principle function and responsibilities of the Director of Audit as provided in Section 97(1) of the Constitution of Antigua and Barbuda 1981 and the Office of the Director of Audit Act, 2014 Part 2 Section 9 (1) &(2) are as follows:- “The Director of Audit shall – a) Satisfy himself that all monies that have been appropriated by Parliament and disbursed have been applied to the purposes to which they were so appropriated and that the expenditure conforms to the authority that governs it; and b) At least once every year audit and report on the public accounts of Antigua and Barbuda, the accounts of all officers and authorities of the Government, the accounts of all courts of law in Antigua and Barbuda (including any accounts of the Supreme Court maintained in Antigua and Barbuda), the accounts of every Commission established by this Constitution and the accounts of the Clerk to the House and the Clerk to the Senate.” 1.3 1.4 1.5 The Director of Audit shall have the power to carry out audits of the accounts, balance sheets and other financial statements of all enterprises that are owned or controlled by, or on behalf of , Antigua and Barbuda.
The Director of Audit and any officer authorized by him shall have access to all books, records, returns, reports and other documents, which, in his opinion relate to any of the accounts referred to in sub-section (2) and (3) of this section.
The Director of Audit shall submit every report made by him in pursuance of this section to the Minister for the time being responsible for Finance, who shall, after receiving such report, lay it before the House not later than seven (7) days after the House next meets.
| 45 AUDITED FINANCIAL REPORT 2014 1.6 1.7 If the Minister fails to lay a report before the House in accordance with the provision of sub-section (5) of this section, the Director of Audit shall transmit copies of the report to the Speaker, who shall as soon as practicable, present them to the House.
The Director of Audit shall exercise such other functions in relation to the accounts of Government, the accounts of other authorities or bodies established by law for public purposes or the accounts of enterprises that are owned or controlled by or on behalf of Antigua and Barbuda as may be prescribed by or under any law enacted by Parliament.

2.
2.

THE NATURE AND SCOPE OF THE AUDIT 2.1 Neither the Constitution of Antigua and Barbuda, 1981 nor the Finance Administration Act, 2006 defines the scope of the audit examination to be carried out.

Accordingly, the manner in which the audit examination is to be carried out is left to the discretion of the Director of Audit.
In this respect, it has been found practicable to carry out the examinations by way of a series of test checks varying in content and depth as are considered to be appropriate in enabling him to fulfill his functions .

2.2 In the meantime, the Office of the Director of Audit of 2014 elaborates upon the Constitutional provisions.
Under this enactment, the Director of Audit is enjoined to satisfy himself that: a) All reasonable precautions have been taken to safeguard the collection and custody of revenue and that the law, directions and instructions relating thereto have been duly observed; b) Expenditure has been incurred with due regards to economy and to the value obtained; c) That public monies other than those which have been appropriated have been dealt with in accordance with proper authority; d) All reasonable precautions are taken to safeguard the receipt, custody, issue and proper use of cash, stamps, securities and stores and that the regulations, directions and instructions relating thereto are duly observed ; and e) That adequate regulations, directions and instructions exist for the guidance of accounting officer.
2.3 With a view to dispel certain chronic misconceptions regarding the role of the Director of Audit, I must point out that the normal audit procedures employed are designed primarily | 46 AUDITED FINANCIAL REPORT 2014 for the purpose of forming an opinion on the accounts.

They are not intended to disclose each and every accounting error, nor for that matter, fraud, and the audit report cannot be regarded as a comprehensive statement of all weaknesses that exist or of all improvements that might be made.
Indeed, it is primarily the responsibility of Accounting Officers (Permanent Secretaries) and Heads of Departments/Divisions to ensure that effective systems of internal controls and safeguards are in place within their respective Ministries/Divisions so as to prevent and detect the occurrence of errors and fraud.
2.4 The Accountant General in her capacity as Chief Accounting Officer is required under The Finance Administration Act, 2006 Section 56 (2)(a) to “prepare the Public Accounts for the financial year in accordance with generally accepted accounting principles as determined in writing by the Minister, accounting for all public money and showing fully the financial position of Antigua and Barbuda at the end of the financial year.” 3 3.1 PUBLIC ACCOUNTS The Public Accounts as outlined in the Finance Administration Act, 2006 subsection (1) shall include:- a) A summary statement of revenue and expenditure of the Consolidated Fund by standard object code; b) A statement of assets and liabilities; c) A comparative statement of actual and estimated revenue by details object code; d) A statement of each Special Fund; e) A statement of the balance in each Deposit Fund; f) A statement of investment showing the funds on behalf of which the investment were made; g) A statement of public debt and accumulated sinking funds h) A statement of the balance in any fund, other than a sinking fund, for which provision is made by or under an Act; i) A statement of contingent liabilities of the Government; | 47 AUDITED FINANCIAL REPORT 2014 j) A statement of balances on advance accounts from consolidated Fund and Deposit Funds analyzed under the various categories set out in section 35(1); k) A statement of arrears of revenue by detailed object code; l) A statement of losses of cash and stores; m) The summary statements referred in section 19(1) and n) Any other statements that the House may require.
3.2 3.3 3.4 3.5 4 4.1 Section 97 (2) b of the Constitution of Antigua and Barbuda requires the Director of Audit to at least once every year to audit and report on the Public Accounts of Antigua and Barbuda, the accounts of all officers and authorities of the Government, the accounts of all Court maintained in Antigua and Barbuda (including any accounts of the Supreme Court maintained in Antigua and Barbuda), the accounts of every Commission established by this Constitution and the accounts of the Clerk to the House and the Clerk to the Senate.
The Director of Audit is required under Section 97 (5) of the Constitution of Antigua and Barbuda to submit every report made by him in pursuance of this section to the Minister for the time being responsible for Finance who shall, after receiving such report, lay it before the House not later than seven (7) days after the House next meets.
After the Public Accounts are laid before the house of Assembly, they are referred to the Public Accounts Committee which has the responsibility to examine and submit a report on the Public Accounts and the Director of Audit Report to the House of Assembly.

The Accountant General, Director of Audit and Representatives of the Government attend these Public Accounts Committee meetings and provide advice, testimony and other information as requested by the Committee.
I have audited the 2014 Public Accounts as outlined in the Constitution of Antigua and Barbuda and the Finance Administration Act, 2006 except for the accounts of Statutory Bodies.

These Bodies for the most part are audited by private firms in accordance with their enabling Acts.

Appendix (H) highlights the status of Audited and Unaudited Financial Statements of Statutory Bodies for the year under review.
AUDIT APPROACH The audit of the Annual Accounts of the Government of Antigua and Barbuda for the year ended December 31, 2014 continued to embrace the risk-based, materiality-driven approach to auditing.

| 48 AUDITED FINANCIAL REPORT 2014 4.2 Our planning materiality was set at $2,579,957 representing 0.3 percent of total expenditure for the year under review.

The risk of the accounts containing material misstatements was rated as high based on previous years’ experience.
Significant issues identified from audit of the accounts of previous years were:- i.

Supplementary Estimates required to cover appropriation over expenditure were not approved ii.

Unauthorized bank overdraft iii.

Inability to determine the amount of revenue arrears since the required returns are not submitted by most entities Inability to determine the amount of revenue arrears since the required returns are not submitted by most entities.

iv.
iv.

Audit Procedures Expenditure 4.3 Physical check was done on a sample of expenditure vouchers generated in 2014.

Sampling method involved extracting vouchers with amounts greater than or equal to our set materiality level of $2,579,957; which represents 0.3% of the total expenditure.

Additionally, a sample of one tenth of the monthly vouchers was selected and a comparison of the actual voucher was done against the Freebalance system to verify the accuracy of the data set out on the vouchers.
Revenue 4.4 A process of comparative analysis was conducted on the financial statements to verify revenue amounts obtained from the different revenue departments.

This analysis of the 2014 revenue figures obtained from the selected ministries and the financial statement showed variances which are explained in our findings.
Assets and Liabilities 4.5 Amounts presented on the 2014 Financial Statements (Assets & Liabilities and Consolidated Statement of Revenue & Expenditures) were traced to the trial balance obtained from the Office of the Accountant General.

All balances and transactions exceeding $1,026,347 (four percent (4%) planning materiality) were considered for verification procedures as well.
Additionally, expenditure and journal vouchers processed in period twelve (12) and thirteen (13) along with some high-risk transactions were selected for verification.

| 49 AUDITED FINANCIAL REPORT 2014 Contingent Liabilities 4.6 Pending and threatening litigation were not confirmed with the Attorney General’s office.

These litigations will therefore not be verified with any findings reported within the report.
Advances & Deposits 4.7 Advance and Deposit accounts were verified to supporting documentations and further clarifications were made where necessary.

Electronic Software – Freebalance, SIGTAS and CASE 4.8 Freebalance, SIGTAS and CASE are computer-based systems used by the Government of Antigua and Barbuda at the Treasury Department, the Inland Revenue Department and the Customs and Excise Department respectively.
These departments utilize the electronic systems to record their daily transaction in respect to receipt from revenue, payments and warrants as well as generate data which is used in the preparation of the Public Accounts.

Reconciliation of SIGTAS and CASE 4.9 It cannot be overly emphasized the importance of having the transactions transferred from SIGTAS and CASE agreeing to those generated through Freebalance.
This is of vital importance for the integrity and reliability of the accounts/financial statements for the Government of Antigua and Barbuda.

Findings of the reconciliation process have shown that there are differences between the figures from SIGTAS and Freebalance.

| 50 AUDITED FINANCIAL REPORT 2014 AUDIT FINDINGS 5.
STATEMENTS OF ASSETS AND LIABILITIES Cash in Hand – Accountant General 5.1 As per the Statement of Assets and Liabilities presented by the Accountant General as part of the financial report, Cash in hand showed a balance of $1,124.00 as at 31st December 2014.

Additionally, we compared this information with the Internal Auditor’s Report dated 31st December 2014 and the breakdown is presented below Revenue Collection …………………………….

$ 106,362.94 US Cash ……………………………………….


$ 5.40 US Cheques …………………………………… $ 174,960.00 EC Cheques…………………………………….

$5,847,928.79 Total …………………………………………… $6,129,257.13 As can be seen from the above information, the figure of $1,124.00 that was reported on the financial statement is far different to the figure of $6,129,257.13 reflected in the internal Auditors’ report.
I must once again reiterate the fact that the actual cash on hand should include the deposited amount in transit since that amount would not have been accounted for at the bank.

I can only then conclude that the Cash in Hand does not present fairly the correct figure in the financial statements.
Bank Balances 5.2 The Cash at Bank was given as $15,096,984 which represents regular and savings accounts and excludes balances on the fixed deposits account, overdraft accounts and short term money market instruments.

As part of the notes to the financial statement it was stated: “The January 1st 2014 opening book balances are as per the reconciled closing balance as at December 31, 2013.

Balances included undrawn cheques for the years prior including 2010”.
5.3 The process once again is indicating a large reliance on the completeness of the bank statements.

The historical trend of making incorrect posting to government accounts is still an occurrence therefore we cannot rely completely on the accuracy of the bank statements.
| 51 AUDITED FINANCIAL REPORT 2014 5.4 ISSAI 1510 section 6 outlining the audit procedures pertaining to opening balances states: “The auditor shall obtain sufficient appropriate audit evidence about whether opening balances contain misstatements that materially affect the current period’s financial statements by: (Ref: Para.
A1–A2) (a) Determining whether the prior period’s closing balances have been correctly brought forward to the current period or, when appropriate, have been restated; (b) Determining whether the opening balances reflect the application of appropriate accounting policies;” 5.5 In light of the preceding paragraphs, I am unable to express an opinion based on this accounting method used by the Accountant General.
Imprest 5.6 According to the Finance and Administration Act, 2006 Part V, Division 2 section 36(1) and (2) which states: 1) “Subject to the regulations, the Accountant General may on the authority of an imprest warrant issued under the hand of the Minister issue imprests from the Consolidated Fund to accounting officers for the purpose of making payments of small amounts that cannot conveniently be made through the Treasury” 2) “Any accounting officer to whom an imprest has been issued pursuant to subsection (1) shall retire that imprest not later than the end of the financial year in which the imprest was issued or, if some earlier date is specified in the imprest warrant or by the Accountant General, not later than that earlier date.” 5.7 5.8 As at 31st December, 2014 the Treasury Department, Ministry of Finance the Economy and Public Administration had thirteen (13) imprest holders in the amount of $777,028 and based on information obtained, the full amount was retired during the financial year under review.
Unretired imprest on the government accounts gives misleading information based on the fact that unretired imprest may be fully or partially expressed in the previous year.

It is therefore commendable that all imprests were retired at the end of this financial year 2014 as stipulated in the Finance and Administration Act, 2006.
| 52 AUDITED FINANCIAL REPORT 2014 5.9 The Accountant General again must be commended on her efforts to hold Departments responsible and thereby instilling accountability and responsibility on the various Departmental Heads to ensure that the stipulations as set down in the Finance and Administration Act, 2006 are fully adhere to.
Savings Bank 5.10 The earliest available documented evidence of the existence of the St John’s Savings Bank of Antigua and Barbuda is the Savings Bank Act of 1846 enacted and ordained by the Governor, Council and Assembly of Antigua and addresses the rules and regulations established for the management of the institution.

The Savings Bank Act has been subsequently amended with the last amendment set out in Chapter 395 of the Laws of Antigua and Barbuda, Savings Bank Act of August 26, 1937.
5.11 The activities of the Savings Bank has remained the same as in previous years when it was reported that approximately ninety one percent (91%) of the accounts had an inactive status.

This status remained basically the same throughout the previous years (2010- 2013), however, during this financial year 2014 some changes have been made as stated in the notes to the financial: “Savings bank balance has been reduced to comply with the records of depositors.
All cards have been updated to reflect interest earned.” 5.12 In light of Section 9 of the Act which states that:- 1) Interest shall be payable on deposits at the rate of 2½ per centum per annum, or such other rate as may be fixed from time to time by the Cabinet: Provided that not less than three month’s notice of any change of rate shall be given in the Gazette.
2) Such interest shall not be payable on any amounts less than one dollar or on any fraction of one dollar and shall not commence to accrue until the first day of the month next following the day of deposit, and shall cease on the last day of the month preceding that in which such deposits shall be withdrawn.
3) Interest on deposits shall, subject to the provisions of subsection (2) be calculated to the thirty-first day of December in every year and shall be added to and become part of any principal money remaining on deposit.

5.13 The accounts which falls under the Savings Bank Act has become dormant over the years but has continued, by law, to generate interest at the rate of 2.5% annually.
For this financial year Savings Bank Funds was recorded as $3,629,688, a difference of $355,312 reported in the 2013 financials.

5.14 As was reported in my 2010 report, a sum of $4,681,945.00 was transferred to the Government general revenue fund from investments made with Crown Agents on behalf of the Government Savings Bank.
To date, the audit department has not been furnished with the desired documentation to support the transfer of funds in accordance with Cap.395 Sec 11 (1) which states:- | 53 AUDITED FINANCIAL REPORT 2014 “Subject to the provisions of this Act moneys in the Savings Bank shall not be applied in any way to the purposes of Antigua and Barbuda but, except so far as any sums may be prescribed to be kept in hand for the general purposes of the Savings Bank , shall be deposited in the Treasury of Antigua and Barbuda and shall, as far as practicable, be invested on behalf of the Savings Bank, under the direction of the Accountant General, in such securities or be employed at interest in such manner as shall be approved from time to time by the Cabinet, and any such investment may at any time be charged into other like securities: Provided that not more than one-third of such moneys shall at any time be or remain invested in securities of the Government.” 5.15 Having categorized the Savings Bank as non-existent, it is recommended, once again, that the required Parliamentary process be implemented so that the closure of this institution can be realized.
Accounts Payable 5.16 As at 31st December, 2014 the Statement of Assets and Liabilities reflected a balance of $131,629,287 as Accounts Payable.

An exercise was conducted to review the outstanding payables and it was revealed that at the end of the financial year Ministries still had commitments to suppliers.
Additionally, based on documented evidence received; the Audit Department was able to determine that the Accounts Payable figure comprised amounts recorded for the past six years (2009 – 2014) as can be seen below:- Years 2009 2010 2011 2012 2013 2014 Totals Trial Balance Amounts $ 5,396,447.94 $ 180,000.00 $ 328,112.90 $ 627,538.06 $246,383,529.49 $(64,791,554.01) $188,124,074.38 Statement Balances $ 12,543,834 $ 89,679,259 $ 81,575,151 $319,613,930 $131,629,287 $635,041,461 5.17 Given the vast amount of cheques that were still unpaid in the Office of the Accountant General as at 31st December 2014, I cannot place any reliance on the figure of $131,629,287 as stated in the Financial Statement of Assets and Liabilities.
It is therefore recommended that as at December 31 of every year, all outstanding cheques that are not paid to customers be compiled, tallied and treated as accounts payable.

| 54 AUDITED FINANCIAL REPORT 2014 6 6.1 Statement of Revenue The total Recurrent and Capital Revenue for the financial year 2014 amounted to $776,944,378.

This is a decrease of $75,933,590 compared to $852,877,968 reported in 2013.
From the Comparative Statement of Actual Revenues for 2013 & 2014 presented by the Accountant General, it was observed that the performance of some revenue items showed reduction in revenue collection ranging from one to eighty-one percent (1% - 81%).

This contributed to the shortfall in the recorded revenue collection for the period under review.
[see table below] Revenue Item Actual 2013 Actual 2014 Difference Income Tax Companies Travel Tax Surplus Funds from Merchant Shipping Corp. School & College Fees Sundry Revenue - TV Issue of Government Securities Photocopying Miscellaneous Receipts Sale of Stamps [Net] Survey Fees Rental of Letter Boxes Transit Receipts Gain on Remittances Advice on Arrival of Parcels Express Services Bulk Postage Fines & Forfeitures Sale of Aggregate Sale of Marl Repayment of loans to small farmers Contribution to Stabilization Fund Export Duties Throughput Levy-Fuel Products Entertainment Tax & Arrears Telecommunications Licenses & Fees Liquor Licenses $51,521,906 $8,050,051 $6,200,000 $1,599,281 $679,237 $117,521,898 $212,730 $25,667,361 $1,384,424 $96,951 $533,280 $287,043 $7,335 $9,049 $8,434 $188,686 $1,220,855 $896 $100 $9,938 $40,828,885 $46,162 $3,487,196 $717,169 $224,861 $655,995 $38,587,598 $5,935,783 $3,850,000 $1,556,201 $562,452 $23,515,478 $190,565 $4,764,439 $1,355,596 $95,736 484,342 $88,546 $5,975 $6,075 $6,057 $115,884 $826,515 $7,782 $40,359,986 $19,983 $1,292,894 $695,226 $200,826 $559,965 $12,934, 308 $2,114,268 $2,350,000 $43,080 $116,785 $94,006,420 $22,165 $20,902,922 $28,828 $1,215 $48,938 $198,497 $1,360 $2,974 $2,377 $72,802 $394,340 $2,156 $468,899 $26,179 $2,194,302 $21,943 $24,035 $96,030 6.2 For the year under review, no detailed Statement of Revenue by Ministries was presented to the Office of the Director of Audit for review.
The Consolidated Statement of Revenue reflected the combined collection of Revenue under specific categories.

In line with our audit approach, a variance analysis was performed on the revenue figures generated by three specific departments [Inland Revenue, Customs and The General Post Office] with the amounts represented on the financial statements.
| 55 AUDITED FINANCIAL REPORT 2014 6.3 Based on this analysis, the following amounts represent substantial differences between the totals shown on the actual statement from the Treasury Department and the actual totals obtained from the Revenue Departments.

Revenue Department $ 35,523,569.54 Income Tax Companies 37,043,556.64 Contribution to Stabilization Fund 21,093,677.65 Property Tax 42,825.50 Other Miscellaneous Licenses 1,471,206.30 Motor Vehicle Licenses 5,876,113.85 Travel Tax 30,592,083.
43 Stamp Duties 395,986.40 Other Licenses & Fees 107,240,266.38 Antigua & Barbuda Sales Tax 79,073,144.06 Import Duties 14,129.60 Export Duties 5,263,020 Environmental Tax/Levy 75,956,407.78 Revenue Recovery Tax 39,985,433.39 Consumption Tax 3,246.52 Customs Service Tax 556,363.94 Throughput Levy on fuel Products 547,450 Liquor Licenses 27,400 Customs Handling Charges 329,919.65 Customs Officer Fees 111,090 Fines & Penalties/Forfeitures 527,661.53 Miscellaneous Receipt 870,543.85 Registration & Naturalization fees 506,919 Rental of Letter Boxes 1,347,036.51 Sale of Stamps 1,032,850 Container Checking Fees 691,569.43 Entertainment Tax 130,466.06 Bulk Postage Telecommunication Licenses & Fees 201,148.30 Insurance Levy Tax on Gross Income National Solid Waste Management Totals 4,321,180.50 1,541.27 4,754,194.88 $455,532,001.96 Financial Statement $ $568,115,147.58 Difference $ 3,064,028.14 3,316,430.64 884,826.00 11,234.20 105,754.32 59,669.72 (87,737.12) 125,712.02 110,670,358.53 (6,903.35) 5,853.35 (75,988.06) (327,436.68) (1,420,967.53) (2,960.06) 736,530.28 12,515.00 4,526.64 (2,056.62) 715,425.34 (419,047.22) (35,140.00) (22,576.53) 8,559.30 (28,695.00) 3,656.69 (14,581.94) (322.00) 3,771.16 52,904.13 (4,754,194.88) $112,583,145 Information received indicates that although payments are made directly into the various bank accounts, the deposit slips along with a copy of the revenue statements are presented to the Treasury for their records.
This however does not explain the | 56 AUDITED FINANCIAL REPORT 2014 differences that are indicated in the table above for the year under review and those presented in the Trial balance and the Financial Statements received from the office of the Accountant General.

There continue to be a breakdown in the process of reconciliation between the relevant agencies during the financial year under review which has resulted in the differences reflected in the table above.
6.4 Based on the information presented above, it can be deduced that the reported revenue amount shown on the financial statement does not reflect a true picture of the revenue collected and would therefore indicate that the total revenue figure in the Comparative Statement of Actual and Estimated Revenue is not fairly stated.
7 Statement of Expenditure 7.1 7.2 7.3 7.4 7.5 Information taken from the budget estimate and the consolidated statement of revenue and expenditure for the financial year 2014 showed a recurrent budget of $874,824,842 while the actual expenditure was reported as $859,985,681.

The estimated amount for capital expenditure for the financial year, according to the budget estimate was $108,250,062 whereas the actual capital expenditure was reported as $38,067,358.
Based on our calculations, the materiality figure was set at $2,579,957 and above for the examination of expenditure vouchers.

Sample vouchers were physically examined and compared with the information provided by the Treasury Department through its Financial System – Freebalance.

However, because of the vast magnitude of expense transaction processed during this financial year, the generation of a report reflecting transactions of vouchers exceeding $55,000 and above could not be obtained.
This was primarily due to system failure at the IT level.

Some major challenges still exist within the system which would explain why some procedures could not be accomplished to guarantee the reliability and functionality of the internal controls.
This therefore contributed to our decision to set our risk assessment level and our level of reliability on the system as high since we were unable to ascertain the authenticity of the process surrounding the creation and approval of vouchers due to our limited access to the Freebalance System.

For the year 2014, approximately 45% of the expenditure vouchers representing expenses in the amount of $206,287,608.43 were examined.
The exercise did not reveal any expenditure vouchers with a value of $2,000,000 or more.

This in no way indicates that no voucher was created with amounts of that value, since an extraction of the total amount of vouchers with the set materiality value and above was not presented for | 57 AUDITED FINANCIAL REPORT 2014 examination.

This therefore means that I could not indicate what percentage of transactions was above the set materiality level.
7.6 In light of the above, I am of the opinion that the information presented in the Consolidated Statement of Revenue and Expenditure is not fairly stated.

This is evident based on the fact that of the forty five percent (45%) transactions reviewed in Freebalance, our findings revealed that there were discrepancies with at least thirty percent (30%) of this amount.
Supplementary Provisions 7.7 During the financial year ending 31st December 2014 a total number of 700 special warrants were issued in respect of supplements amounting to $130,917,705.18 As stated in the Finance Administration Act, 2006 section 27 (a) and (b): 27 “If in respect of any financial year it is found that the amount appropriated by the appropriation Act for any purpose is insufficient or that a need has arisen for expenditure for a purpose to which no amount has been appropriated by that Act, whether or not a special warrant has been issued” _ (a) “A supplementary estimate showing the sums required shall be laid before the House; and (b) When the supplementary estimate has been approved by the House, a supplementary appropriation Bill shall be introduced in the House providing for the issue of such sums from the Consolidated Fund and appropriating them to the purposes specified therein.” 7.8 Based on the aforementioned, no Supplementary Appropriation for Special Warrants, amounting to $130,917,705.18; was presented to the House for approval.
This amount, which was executed without parliamentary approval has a material effect on the financial statements, which therefore means that I am unable to give an opinion.

(225) 7.9 During the financial year ending 31st December 2014 a total of two hundred and twenty various five Ministries/Departments.

These warrants represent funds that were previously approved and are now transferred from one programme head to another within a specific Ministry or Department.
virement warrants were processed issued and to Surplus/Deficit for the Year under review 7.10 A review of the statements indicate that the consolidated statements of the revenue and expenditure for the year ended 31st December 2014 showed a deficit of $(83,041,302).
| 58 AUDITED FINANCIAL REPORT 2014 Given the understatement/overstatement of some Revenue and Expense figures presented within the financial statement; I am not reasonably sure that the amount of $(83,041,302) presents a true financial picture of the accounts for the Government of Antigua and Barbuda.

8.

Statements of Actual and Estimated Revenue 8.1 A Consolidated Statement showing the Actual and Estimated Revenue & Expenditure figures for 2013/ 2014 was prepared for the year under review.
Based on this statement I observed that revenue collection decreased to 91% in 2014 when compared to 2012 and 2013 which showed collections of 99% and 112% respectively.

Additionally, during that same period, expenditure showed a remarkable decrease to 77.4%, the lowest for the past three years, as shown below.

Revenue Expenditure 2012 99% 98% 2014 2013 ↑112% ↓91% ↑143% ↓77.4% 9.
Statement of Special Funds 9.1 The Statement of Special Funds/Special Account as at 31st December 2014 showed a balance of $23,108,186.62.

This amount represents the following: Description Administrator of Unrepresented Estates Administrator of Unrepresented Estates (Reserve Fund) Licensed Banks Statutory Deposits Reserve A/C Financial Institutions Savings Bank Fund Statutory Deposits – Insurance Companies Total *statement shows a total of $355,312, whereas the trial balance shows $3,629,688.41.
Amount $181,458.80 $4,767.31 $11,633,094.67 $4,025,256.39 $355,312* $6,908,297.45 $23,108,186.62 Notes to the financials indicate that adjustments have been made to the depositors’ accounts during the year, therefore all such accounts are up-to-date as at the 31st December 2014.

9.2 The Special Funds/Special Accounts consist of amounts for the financial years 2013 & 2014 and therefore reflect, to some measures, the cumulative balance of the fund.
In my opinion, the aforementioned total represents fairly the balance in the Special Fund/Account for the financial year 2014 but does not represent the true picture of the general Fund.

Therefore the statement is not fairly stated.

| 59 AUDITED FINANCIAL REPORT 2014 10 Statement of Deposits 10.1 As at 31st December, 2014 the Statement of Deposits reported a balance of $122,800,469.
This amount represents net flows for the financial year 2014 and did not take into account the closing balances for the financial years 2009 to 2013.

I can therefore conclude that for the Government of Antigua and Barbuda, the Statement of Deposits as at December 31, 2014 does not represent a true picture of the deposits balances.
10.2 The Finance and Administration Act, 2006, Part VI section 45(5) states: “A Deposit Fund that is unclaimed for 5 years shall, subject to the provision of any law, cease to be a Deposit Fund and shall accrue to the Consolidated Fund, but the Minister may direct the refund of the amount of the Deposit Fund or any part of it to a person who subsequently satisfies the Minister that he is entitled to it.” 10.3 As at the date of this report, deposits accounts balances that have been inactive for more than five (5) years are outlined in paragraph 18.1 - table 1.
These inactive balances are amounts that represent un-reconciled totals by Ministries /Departments with the Accountant General.

All such amounts should be placed into the consolidated fund or on the approval of the Cabinet of Antigua and Barbuda be written off.

10.4 In light of the present situation, I cannot express an opinion on the Statement of Deposits balances.

11.
11.

Statement of Public Debt 11.1 During the financial year ended 31st December 2014, the Domestic Loans/Debt was reported as $1,409,231,051 while the External Loans/Debt was given as $979,833,699.

These figures reflect a total Public Debt of $2,389,064,750.

11.2 Domestic debt servicing for the year under review amounted to $249,563,746 11.3 The following table highlights the interest and principal payments made in 2014 on the Government of Antigua and Barbuda debt stock.
Additionally, it also reflects the Principal Arrears and Interest as at the close of the financial Year 2014.
| 60 AUDITED FINANCIAL REPORT 2014 Domestic Debt Stock External Debt Stock $91,538,515 $24,851,542 Total Interest and Principal Payments $116,390,057 $158,025,231 $69,143,329 $227,168,560 Domestic Debt Arrears External Debt Arrears $5,549,131 $34,629,313 $20,440,963 $71,985,462 Interest Payment Principal Payment Interest Arrears Principal Arrears Totals $249,563,746 $93,994,871 $343,558,617 $25,990,094 $106,614,775 11.4 During the same period ended 31st December, 2014; the external principal and interest arrears amounted to $71,985,462 and $34,629,313 respectively.
Additionally, the domestic principal and interest arrears for the period under review amounted to $20,440,963 and $5,549,131 respectively.

11.5 In light of the information presented above, it was determined that the Government of Antigua and Barbuda paid $343,558,617 in interest and principal payments for the financial year 2014.
The principal and interest arrears on the debt stock of $132,604,869 is quite significant and represent approximately thirty eight point six percent (38.6%) of the total amount paid towards Public Debt during the financial year 2014.

This continues to create a huge indebtedness for the country, but I am satisfied with the information presented in the financial statement on the Government of Antigua and Barbuda debt stocks and can reasonable state that they are fairly presented.

12.
12.

Statement of Contingent Liabilities 12.1 Contingent Liabilities as at December 31, 2014 was reported as $917,396.

This consisted of $320,182 in respect of Domestic liabilities and $277,033 for the External liabilities respectively.

12.2 For the financial year ended 31st December, 2014 the total Contingent Liabilities shown above represents loan guarantees primarily to Statutory Bodies.
During this period there were twenty eight (28) loan accounts guaranteed by the Government of Antigua and Barbuda for twelve (12) Statutory Bodies.

12.3 The Statement of Contingent Liabilities indicated an increase in many of the figures reported in 2013, however, there were indications that additional commitments were made in respect to the External loans during this financial year 2014.
| 61 AUDITED FINANCIAL REPORT 2014 12.4 In the previous year, the Accountant General did not submit any pending or threatened litigations against the Government of Antigua and Barbuda.

For this financial year, although the Accountant General did not submit a detailed listing of all pending and threatening litigations, the notes to the accounts indicate an outstanding balance of $321,398,000.
No information was received from the Office of the Attorney General for this financial year 2014 in regard to contingent liability from statutory bodies.

With no additional information to verify the significant amount, we cannot concluded that the Statement of Contingent Liabilities are fairly presented in all respect.
12.5 It is recommended that for future reporting requirements, pending and threatened litigations against the Government of Antigua and Barbuda be included, in greater detail, within the financial statements.

13.

Statement of Advances 13.1 As at 31st December 2014, the table below shows Advances – Other Government which represents payments or receipt of Pension and Gratuity from other Governments.

13.2 The amounts in Table 1 represent the balances for the financial years 2011 - 2014.
This gives a clearer picture of the current standing of the Governments liabilities or assets to the various countries.

Confirmation of balances from five of the eleven countries in the amount of $3,812,263.32 was received for this financial year 2014 and is outlined in the table below.

Additionally, the records show that efforts were made to disburse $1,874,555.02 as payables to five of the Countries listed in the table.
Table 1 Countries / Government Anguilla Barbados British Virgin Island Dominica Grenada Montserrat St Kitts St Lucia St Vincent Trinidad Tobago Jamaica Totals Balance as at 31.12.14 $ Balance as at 31.

12.

13 $ Balance as at 31.

12.

12 $ Balances as at 31.12.
11 $ Pension Payables 2014 Confirm Balances by Countries - 2014 12,391.24 1,050.00 (3,550.62) (32,244.19) 282,794.39 312,035.50 494,573.84 281,744.39 315,044.11 490,115.46 $2,100.00 $51,512.33 $38,568.41 167,803.38 (8,047.35) 8,165.68 (11,866.51) 1,191,731.49 3,570.00 287,303.64 (167,803.38) 8,047.35 651,087.93 1,936,037.36 (1,191,731.49) 158,813.51 (287,303.64) (139,525.02) 24,623.07 633,854.02 1,968,328.43 (1,109,497.14) 155,243.51 (283,604.88) $7,140.00 ($24,413.71) $58,183.41 $118,640.59 $7,876.96 $7,140.00 ($20,425.44) & 122,242.41 $1,726,157.93 (122,242.41) 1,085,161.28 (122,242.41) 2,214,083.54 188,119.65 10,552.51 513,628.78 147,279.36 1,648,615.68 1,490,348.26 1,253,223.62 289,864.32 122,242.41 $246,322.55 $1,874,555.02 $ 3,812,263.32 | 62 AUDITED FINANCIAL REPORT 2014 13.3 For the period under review, the Audit Department received letters from five (5) of the eleven (11) countries indicating their respective book balances.
Over the past few years I have had no verification of the amounts quoted for the different territories so I must appreciate the effort made by the Accountant General’s Office in making the request to the different countries to provide the necessary information to my office.
Personal Advances 13.4 In accordance with the Finance and Administration Act, 2006 Part V, Division 2 section 35 (1) (f) which states: (1) (f) “Subject to this section, the Accountant General may under the authority of an advance warrant issued under the hand of the Minister, from the Consolidated Fund or from money held as Deposit Funds, make advances of money- “to a public officer for such purposes as may be prescribed by General Orders in an amount not exceeding 0.00135% of the recurrent revenue in the annual estimates or such amount as may be prescribed, but the aggregate of such advances in the financial year shall not exceed 0.02885% of the recurrent revenue in the annual estimates.” 13.5 Government employees continue to benefit from this section of the Act in which personal loans under the following categories namely medical treatment, funeral expenses, education expenses, purchase of vehicles and domestic expenses are granted to them.
Such advances should be repaid monthly with a 1% interest charged on the reducing balance.

13.6 Outlined below in Table 2 is the list of personal advances granted to public servants during the financial year ended 31st December, 2014.

Payments on Personal Advances to the value of $466,190 was reportedly made during 2014 and interest on these personal loans at the end of the financial year was reported as $394,490.77.
Table 2 Personal Advances – Advances Issued in 2014 – Payment made on Advances during 2014 Balance as at 31.12.2014 Medical $2,262,030 $193,898 $2,068,132 Domestic $9,871,673 $204,844 $9,666,829 Vehicle Totals $260,396 $67,448 $192,948 $12,394,099 $466,190 $11,927,909 | 63 AUDITED FINANCIAL REPORT 2014 13.7 For the period under review a breakdown of the individual accounts was presented.

Based on this information it was deduced that delinquent accounts for the year 2013/2014 amounted to $24,542.34.
Additionally, it was observed that a total of $3,457,864.28 represented Advances issued in 2014 and $1,461,486.58 was shown as total amount paid on Advances for the same period.

These figures do not reflect what was sighted in the Financial Statements which has led me to question the validity of these records.

Notwithstanding the foregoing information, I am recommending that the department do a complete overhaul of the system to arrive at a solution to rectify the differences.
I cannot therefore be reasonably assured that the statement of advances for public servants is fairly presented.

14.

Statement of Investment 14.1 No Statement of Investment for the Government of Antigua and Barbuda was presented as at the date of this report.

This is in breach of the Finance and Administration Act, 2006 Part IX Section 56 subsection 4(f).
14.2 As part of the notes to the finances, the Accountant General presented a list of entities in which the Government has invested, [see table listing below].

It was also stated that “at the point of completion of the accounts valuations have not been completed.

As far as possible I have included the percentage ownership by the Government of Antigua and Barbuda.
The value of shareholdings and any movement in them will be presented in subsequent statements.” Company Shareholding LIAT 1974 Ltd 30% Cedar Valley Golf Club Ltd. $1,772,091 (Share value) West Indies Oil Company 25% Eastern Caribbean Amalgamated Bank 25% Leewind Paints No documentation available to the Treasury 14.3 Having started the process of documenting the entities and the level of investment that our government has/own, it is only prudent that the exercise be completed as promised so as to provide full disclosure of the Government’s financial credentials.
| 64 AUDITED FINANCIAL REPORT 2014 15.

Statement of Losses of Cash and Stores 15.1 As at the date of this report, no statement of losses of cash and stores was presented as outlined in the Finance and Administration Act, 2006 Part IX Section 56 subsection 4(l).

The Audit Department has recognized that over the last couple of years the Permanent Secretaries and Heads of Departments have not submitted statements of losses of cash and stores to the Accountant General.
15.2 For the period under review, there has been no documented evidence to indicate that Ministries/Departments heads are actively investigating cases where shortages of cash or stores have been uncovered.

15.3 Therefore, based on the above statement, the presentation of the 2014 public accounts are incomplete.

16.

Bank Reconciliation 16.1 For the financial year 2014 information was received on thirty eight (38) bank accounts.
Of this amount reconciliation information was provided that indicates the difference between the bank and book balances for twenty eight (28) of the accounts while the information also indicated that the remaining ten (10) accounts were closed.

The total amount of 38 bank accounts is also inclusive of the fixed accounts.
16.2 Of the total number of Bank accounts operated by the Government of Antigua & Barbuda and examined by my department, it was seen that as at 31st December 2014 a total amount of $1,038,265.49 represented Overdraft Interest charges.

Additionally, an amount of $212,200 represents Handling Charges and $75,373.40 for Other Fees and Charges was levied on the major bank account(s) of the Government of Antigua & Barbuda.
16.3 The reconciliation process has improved tremendously over the years, however, it is still critical that all accounts be reconciled in order to identify and eliminate or reduce bank charges/errors that may have occurred in posting.

17.

Notes to the Financial Statements 17.1 The notes presented in the Financial Statements for Antigua and Barbuda for the year ended 31st December 2014 disclosed more details when compared to those of previous years.
17.2 As outlined earlier in this report, the Accountant General’s responsibilities include the maintenance of adequate accounting records and internal controls relevant to determine if these Public Accounts are free from material misstatements due to fraud or errors in accordance with International Financial Reporting Standards.
It is also the | 65 AUDITED FINANCIAL REPORT 2014 responsibility of the Accountant General to continue to list and outline the basis of preparation and summary of significant accounting policies of the financial statements.

17.3 The detail information outlined in the notes contributed to the level of refinance that was placed on the accounts for 2014.

Officers must be commended for the quality of the notes and should continue to make all efforts to improve and enhance the preparation of future notes.
There is no limitation to the notes once they provide useful information to the understanding of the financials.

17.4 Based on the preceding paragraphs, it is my opinion that adequate background information was provided to substantiate the reliability of the information presented within the statements.

18.
18.

Unauthorised Removal of Balances 18.1 As outlined in the 2010 report, the presentation of the 2005 Public Accounts by the Accountant General revealed that millions of dollars were removed from various balance sheet line items.

Presented below are amounts that were removed from the accounts of the Government of Antigua and Barbuda without the required authority.
18.2 Additionally, as was mentioned in previously reports, the Audit of the 2008 Accounts revealed major differences between the balance submitted by the Accountant General and the balances calculated by the Director of Audit.

These balances were omitted from the annual accounts as of January 1, 2005 and the 2008 balances are resubmitted in the table below.
Account Personal Advances Other Balances (Advances Abnormal Balances (Advances) Dormant Balances (Advances) Dormant Balances (Deposits) Other Balances (Deposits) Social Security-Employee Social Security-Employer Medical Benefit – Employer Medical Benefit – Employee Education Levy Abnormal Balances (Deposits) Development Aid Suspense Account Miscellaneous Suspense Treasury Balances 31.12.08 ($) 4,516,241.57 1,098,936.04 (8,658,842.92) Audit Balances 31.12.08 ($) *27,520,542.50 *308,929,053.55 *(20,644,825.94) Differences ($) 23,004,300.93 307,830,117.51 (11,985,983.02) Nil Nil *12,754,671.58 *13,912,082.53 12,745,671.58 13,912,082.53 11,495,963.08 25,023,509.81 15,098,586.57 24,975,540.02 13,338,858.02 (32,557,403.57) 921,028.35 *96,557,073.22 *220,421,324.86 *152,873,179.28 *154,674,635.25 *50,541,608.11 *(120,397,548.87) 921,028.35 85.061,110.14 195,397,815.05 137,774,592.71 129,699,095.23 37,202,750.09 (87,840,145.30) Nil 12,762,535.00 *107,530,854.21 94,768,319.21 | 66 Account Development Aid (CD&W) Other Special Funds Savings Bank Sugar Industry Fund (L.W.F) Development Fund-Dormant Balances (Advances) Development Fund (Deposit Balances) Statement of Losses 971,703.98 * Audit balance is greater than Treasury balance.
Nil 7,917,253.34 (5,262.23) Nil Nil 2,806,892.78 AUDITED FINANCIAL REPORT 2014 *1,059,889.69 *17,041,808.69 *3,976,147.48 *(9,351.64) *52,144,175.28 1,059,889.69 9,124,555.65 3,970,885.25 (9,351.64) 52,144,175.28 *300,094,358.00 302,901,250.78 971,703.98 Nil 18.3 In light of the information represented in the table above, the 2014 Annual Accounts presented by the Accountant General does not represent a true and fair picture of the financial position of the Government of Antigua and Barbuda.
Therefore, I am unable to give an opinion because of the material effect on the statement.

19.

Status of Statutory Bodies Financial Statements and Audits - Analysis of Status 19.1 The Government of Antigua and Barbuda owns or controls thirty (28) State Owned Enterprises.

These Corporations or Agencies are either established by statute or by law in which the initial investment came from the Government consolidated funds.
19.2 For the financial year 2014 no additional information was received from the twenty eight (28) statutory bodies identified in the table below.

[Status of Statutory Bodies/Agencies Financial Statements as at December 31, 2013].

The data indicated that only three (3) Agencies presented Financial Statements; one of which was unaudited.
19.3 Given the sizable subventions these agencies receive from the government, strong measures should be put in place to encourage the relevant individuals to submit their financial reports on a yearly and timely basis.

The audited annual financial statements provide the assurance that this funding was used as intended.
Additionally, up to date financial statements are required to enlighten the government of any contingent liabilities that statutory bodies have recognized and may represent potential liability to the government.

19.4 I am recommending that all statutory bodies take the necessary steps to have their financial statements audited and up to date by December 31, 2014.
Additionally, those bodies that did not receive favorable audit opinions should work to correct identified accounting and financial reporting deficiencies as quickly as possible.

| 67 AUDITED FINANCIAL REPORT 2014 19.5 The Government of Antigua and Barbuda continues to work diligently towards bringing the Public Accounts up to date therefore; the statutory bodies are encouraged to do likewise.
This can only be achieved when the House of Representatives and the general public hold these bodies accountable for the disclosure of their financial positions and the presentation of audited accounts.

| 68 AUDITED FINANCIAL REPORT 2014 Status of Statutory Bodies / Agencies Financial Statements as at December 31, 2013 Statutory Body Auditor 1.

Agricultural Development Corporation 2.

Antigua and Barbuda Investment Authority 3.

Antigua and Barbuda Airport Authority 4.


Antigua and Barbuda Department of Marine Services and Merchant Shipping 5.

Antigua and Barbuda Development Bank 6.

Antigua and Barbuda Hospitality Training Institute 7.

Antigua and Barbuda Medical Council 8.

Antigua and Barbuda National Parks 9.

Antigua and Barbuda Port Authority 10.
Antigua and Barbuda Most recent Audited Report 31st December, 2011 Unaudited Type of Audit Opinion i Concord Business Associates Chartered Accountants 30th April, 2011 30th April, 2012 30th April, 2013 December 31, 2008 Allen, Thomas & Associates 31st December, 2012 PKF Concord Business Associates Chartered Accountants 31st December 2013 31st December, 2011 31st December, 2012 31st December, 2013 Qualified Unqualified Unqualified Qualified Qualified Unqualified KPMG 31st December, 2008 Qualified with exception F.A.C.T.S INC. Chartered Accountants 31st December, 2009 31st December, 2010 31st December, 2011 | 69 Social Security Fund 11.
Antigua and Barbuda Tourism Authority KPMG 12.

Antigua and Barbuda Transport Board 31st December, 2011 31st December, 2012 AUDITED FINANCIAL REPORT 2014 Unqualified Unqualified 31st December,2006 31st December,2007 31st December,2008 31st December,2009 31st December,2010 13.

Antigua Carnival Committee /National Festivals Office 14.

Antigua Public Utilities Authority PKF 15.

Barbuda Council 16.

Board of Education - KPMG 1994 Concord Business Associates Chartered Accountants 17.
Central Housing and Planning Authority 18.

Central Marketing Corporation 19.

Development Control Authority 20.

Financial Services Regulatory Commission 21.

Free Trade Processing Zone 22.


LIAT 31st December, 2011 31st December, 2012 31st December, 2008 31st December, 2009 31st December, 2011 Price Waterhouse Coopers 31st December, 2011 31st December, 2011 Qualified with exception Qualified with exception Qualified with exception Qualified Annual Returns no opinion given | 70 AUDITED FINANCIAL REPORT 2014 23.

Medical Benefits Scheme 24.

Mount St .John’s Medical Centre 25.

National Solid Waste Management Authority Grant Thornton Chartered Accountants 26.
PDV Caribe Antigua and Barbuda Limited Allen, Thomas & Associates 27.

St. John’s Pier Group 31st December, 2011 31st December, 2011 31st August, 2011 31st August, 2012 28.
State Insurance Corporation PKF Chartered Accountants 31st December,2009 1 Unqualified, qualified, adverse, or disclaimer Qualified Unqualified Unqualified Qualified 31st December,2003 31st December,2004 31st December,2005 31st December,2006 31st December,2007 31st December,2008 31st December,2009 | 71 AUDITED FINANCIAL REPORT 2014 SCHEDULE OF APPENDICES APPENDIX A TREASURY FUND` Authorities for Expenditure 1.

Provisional (Appropriation Warrant) Issued by the Minister of Finance on the 1st January, 2014.
2.

Estimates Passed by the House of Representatives 3rd February, 2014.

Passed by the Senate on the 18th February, 2014.

Assented to by the Governor General on the 27th February, 2014 3.

Appropriation Act (No.

1 of 2014) Passed by the House of Representatives 3rd February, 2014.

Passed by the Senate on the 18th February 2014.

Assented to by the Governor General on the 27th February,2014 4.

Appropriation Warrant Issued by the Minister of Finance on the 4th March, 2014 5.
Supplementary Appropriation Act, 2014 Not approved | 72 AUDITED FINANCIAL REPORT 2014 APPENDIX B Unauthorized excess expenditure for the last four (4) years Year Amounts not covered by Supplementary Appropriation ($) 2010 Recurrent Expenditure 64,802,691.00 2011 Recurrent Expenditure 34,095,873.00 2012 Recurrent Expenditure no information given 2013 Recurrent Expenditure no information given | 73 AUDITED FINANCIAL REPORT 2014 APPENDIX C DEVELOPMENT FUND Authorities for Expenditure 1.
Provisional (Appropriation Warrant) Issued by the Minister of Finance on the 2nd January, 2014.

2.

Estimates Passed by the House of Representatives 3rd February, 2014.

Passed by the Senate on the 18th February, 2014.

Assented to by the Governor General on the 27th February, 2014 3.

Appropriation Act,2014 (No.

1 of 2014) Passed by the House of Representatives on the 3rd February, 2014.

Passed by the Senate on the 18th February, 2014.

Assented to by the Governor General on the 27th February, 2014 4.
Appropriation Warrant Issued by the Minister of Finance on the 4th March, 2014 5.

Supplementary Appropriation of 2014 Not approved | 74 AUDITED FINANCIAL REPORT 2014 APPENDIX D Unauthorized excess expenditure not covered by Supplementary Appropriation for the last four (4) years.
Year Not covered by Supplementary Appropriation ($) 2010 Development Fund 27,592,100.00 2011 Development Fund 1,901,983.00 2012 Development Fund No information presented 2013 Development Fund No Information presented | 75 AUDITED FINANCIAL REPORT 2014 APPENDIX E UNAUTHORIZED RECURRENT AND CAPITAL EXPENDITURE HEAD / SUBHEAD GROSS/ EXCESS $ TOTAL $ 01 Governor General Office 390326 Custodial Services 30201 Salaries 30202 Wages 30304 Housing Allowance 30713 Payment in Lieu of Vacation Leave 31002 Ticket Expenses 31601 Office Supplies 30406 Travelling Allowance 30106 Arrears of Salaries 30101 Salaries 32001 Medals, Stationary, Seals & Gifts 32003 Chancery Related Expenses 31102 Food, Water & refreshments 02 Legislature 390690 40203 03 Cabinet 390302 Activities of State 30201 Salaries 30404 Housing Allowance 30715 Constituency Allowance 0302 Cabinet Secretariat 390366 Parliamentary Process 30103 Overtime 34406 Funeral Expenses 30713 Payment in Lieu of Vacation Leave 05 Public Service Commission 390344 Human Resource Management 30301 Duty Allowance 30106 Arrears of Salaries 06 Auditor General’s Department 350310 Auditing 30101 Salaries 30301 Duty Allowance 30306 Travelling Allowance 30310 Allowance in lieu of Private Practice 09 Electoral Commission 390366 Parliamentary Process 30201 Salaries 34416 Election Expenses 30801 Gratuities and Terminal Grants | 76 30713 Payment in Lieu of Vacation Leave 11,505.00 210,731.00 AUDITED FINANCIAL REPORT 2014 294,000.00 179,662.00 473,662.00 390428 Registration Services 30203 Overtime 30201 Salaries 10 Prime Minister’s Office 390418 Security Services 30203 Overtime 390510 Ancillary Services 31001 Subsistence Allowance 30301 Duty Allowance 30101 Salaries 37012 Grants to Organizations & Institutions 37011 Grants to Individuals 37034 Expenses of Boards & Committees 30206 Arrears of Salaries 31002 Ticket Expenses 390508 Special Events & Activities 31102 Food, Water & Refreshments 34109 Rental & Lease – n.e.c.
1002 External/Foreign Affairs 283510 Ancillary Services 30206 Arrears of Salaries 30401 Duty Allowance 33904 Contribution & Subscription to other International Organizations 33701 Conference & Workshops 30101 Salaries 30301 Duty Allowance 30306 Travelling Allowance 30103 Overtime 1006 Public Information & Broadcasting 410380 Public Broadcasting Services 30418 Acting Allowance 410486 Subsidiary Services to Education 33101 Security Services 33807 Internet Connectivity Costs 31601 Office Supplies 31605 Repairs & maintenance of Furniture & Equipment 410510 Ancillary Services 33101 Security Services 30201 Salaries 30101 Salaries 30106 Arrears of Salaries 1007 Barbuda Administrative &General Services 390510 Ancillary Services 30101 Salaries 1011 O.N.D.C.P 290509 Monitoring, Regulations & Enforcement 30201 Salaries 30406 Travelling Allowance 30401 Duty Allowance 33206 Insurance –n.e.c.
| 77 AUDITED FINANCIAL REPORT 2014 33904 Contribution &Subscription to Other International Organizations 3,500.00 428,490.00 1013 Information Technology Center 410510 Ancillary Services 40203 Purchase of Office Equipment 21,195.00 21,195.00 1014 Telecommunications Division 410509 Monitoring & Enforcement 30208 30801 Gratuities & Terminal Grants 1015 Department of Culture 390324 Cultural Services 30405 Entertainment Allowance 34009 Commitment Fees 30802 Compensation and Indemnities 390508 Special Events & Activities 34009 Commitment Fees 15 Finance Headquarters 390510 Ancillary Services 30103 Overtime 30203 Overtime 30701 Honorarium 30709 Stipend 37011 Grants to Individuals 30201 Salaries 30301 Duty Allowance 30101 Salaries 37014 Grants to Municipalities 33206 Insurance n.e.c 34101 Rental or Lease - Office space 410380 Public Broadcasting Services 33001 Advertising & Promotion Cost 30301 Duty Allowance 31601 Office Supplies 30203 Overtime 30421 Personal Allowance 30201 Salaries 30406 Travelling Allowance 30401 Duty Allowance 900494 IT Internal Services Maintenance Contract- Photocopiers 99,986.00 99,986.00 900690 Purchase of Minor Capital Items 40301 Purchase of Air Conditioning 50,200.00 50,200.00 1502 Treasury 900301 Accounting 30713 Payment in Lieu of Vacation Leave 30709 Stipend 30103 Overtime 30106 Arrears of Salaries 30203
 Overtime 52,258.69 15,000.00 500,000.00 10,665.00 15,000.00 | 78 30101 Salaries 138,240.00 731,163.69 AUDITED FINANCIAL REPORT 2014 1503 Inland Revenue 900439 Revenue Collection Services 30103 Overtime 30203 Overtime 900377 Property Tax Valuation 30301 Duty Allowance 1504 Post Office 390371 Postal Services 30203 Overtime 30103 Overtime 1505 Customs & Excise 900439 Revenue Collection Services 30103 Overtime 30203 Overtime 30716 Uniform Allowance 1506 Industry & Commerce 280369 Policy, Planning & Implementation 30106 Arrears of Salaries 30306 Travelling Allowance 1508 Statistics Division 390510 Ancillary Services 16,000.00 15,000.00 20,164.00 51,164.00 30,000.00 100,000.00 700,000.00 60,000.00 25,000.00 130,000.00 785,000.00 18,000.00 1,407.00 19,407.00 30713 Payment in Lieu of Vacation Leave 10,871.00 10,871.00 1509 Trade &Economic Development 280369 Policy, Planning & Implementation 30201 Salaries 30415 Other Allowances & fees 30709 Stipend 1513 Establishment Division 390344 Human Resource Management 30306 Travelling Allowance 31001 Subsistence Allowance 31002 Ticket Expenses 33901 Contribution & Subscription to Caribbean Organizations 30103 Overtime 30305 Entertainment Allowance 30101 Salaries 30301 Duty Allowance 30106 Arrears of Salaries 31601 Office Supplies 30713 Payment in Lieu of Vacation Leave 30318 Acting Allowance 30317 Substitute Allowance 2001 Agriculture Headquarters 300510 Ancillary Services 33903 Contribution & Subscription to United Nation Agencies 33901 Contribution & Subscription to 21,000.00 3,000.00 19,500.00 4,527.00 373,767.00 151,294.00 27,977.00 63,487.00 2,867.00 42,210.00 56,580.00 18,000.00 9,817.00 6,568.00 220,147.00 85,186.00 37,500.00 43,500.00 1,062,427.00 | 79 Caribbean Organizations 30206 Arrears of Salaries 30801 Gratuities & Terminal Grants 30713 Payment in Lieu of Vacation Leave 34007 Consulting Services 2002 Agriculture Division 300301 Accounting 30713 Payment in Lieu of Vacation Leave 37015 Grants to Statutory Bodies &
 Corporations 300320 Conservation Management 30202 Wages 30101 Salaries 304455 Plant Quarantine & Inspection 30203 Overtime 304510 Ancillary Services 30201 Salaries 2003 Veterinary & Animal Husbandry 307412 Veterinary Services 30203 Overtime 31502 Laboratory Supplies 31501 Medical Supplies 30101 Salaries 307360 Livestock Improvement 40310 2004 Fisheries Division 303511 Fisheries Complex Management 30201 Salaries 2005 Cotton Division 300301 Accounting 30103 2006 Lands Division 250354 Land Distribution Management 30101 Salaries 30206 Arrears of Salaries 34007 Consulting Services 30201 Salaries 2007 Agriculture Extension Division 309301 Accounting 34102 Rental of Lease – n.e.c.
34109 Rental of Lease – n.e.c.

309472 Teaching, Training & Development 30207 Arrears of Wages 30417 Substitute Allowance 309354 Land Distribution Management 30406 Travelling Allowance 30206 Arrears of Salaries 309508 Special Events & Activities 34109 Rental or Lease – n.e.c.
2008 Chemistry & Food Technology Division 450434 Laboratory Analytical Services 30713 Payment in Lieu of Vacation Leave AUDITED FINANCIAL REPORT (30,912.00) 360.00 1,320.00 2,800.00 16,350.00 (2,688.00) 20,830.00 11,363.00 11,363.00 | 80 AUDITED FINANCIAL REPORT 2014 2009 Surveys Division 250400 Surveys & Mapping 30103 Overtime 30203 Overtime 30202 Wages 30713 Payment in Lieu of Vacation Leave 2011 Environment Division 502334 Environmental Legislation & Monitoring 30709 Stipend 30201 Salaries 502510 Ancillary Services 30202 Wages 33901 Contribution & Subscription to Caribbean Organizations 33903 Contribution & Subscription to United Nations Agencies 12,000.00 1,950.00 12,950.00 17,089.00 500,000.00 16,800.00 16,350.00 5,500.00 2,000.00 43,989.00 502379 Public Awareness 30201 Salaries 2012 Development Control Authority 250510 Ancillary Services 30709 Stipend 30418 31601 Office Supplies 250690 Purchase of Minor Capital Item 40202 2501 Health Headquarters 264460 Health Services Administration 30201 Salaries 30301 Duty Allowance 30304 Housing Allowance 30406 Travelling Allowance 30713 Payment in Lieu of Vacation Leave 37016 Specialist Treatment Abroad 30316 Risk Allowance 30101 Salaries 30203 Overtime 30306 Travelling Allowance 30202 Wages 30801 Gratuities & Terminal Grants 34406 Funeral expenses 37011 Grants to individuals 30310 Allowance in Lieu of Private Practice 30314 264517 Emergency Medical Services 30201 Salaries 30411 Shift Allowance 30415 Other Allowances & Fees 30416 Risk Allowance 264518 Central Medical Stores 31501 Medical Supplies 2502 Medical General Division 261316 Community Health Services 5,205.00 545,855.00 8,700.00 1,020.00 6,680.00 45,360.00 61,760.00 144,396.00 52,867.00 16,575.00 11,759.00
 15,655.00 2,000,000.00 14,646,600.00 346,984.00 25,000.00 33,331.00 12,530.00 198,200.00 29,175.00 5,000.00 17,759.00 17,759.00 160,275.00 4,500.00 11,250.00 15,750.00 360,437.00 18,125,802.00 30201 Salaries 30406 Travelling Allowance 30411 Shift Allowance 30410 Allowance in Lieu of Private Practice 626,570.00 28,827.00 31,855.00 83,429.00 | 81 AUDITED FINANCIAL REPORT 2014 30404 Housing Allowance 30101 Salaries 30202 Wages 30316 Risk Allowance 30203 Overtime 30304 Housing Allowance 30314 On-call Allowance 30208 Severance pay 30206 Arrears of Salaries 30106 Arrears of Salaries 30306 Travelling Allowance 30802 Compensation and Indemnities 31505 Pharmaceuticals 2503 Central Board of Health 266510 Ancillary Services 30301 30101 Salaries 62,572.00 142,000.00 132,372.00 121,800.00 40,000.00 54,000.00 62,000.00 9,900.00 6,660.00 6,660.00 130,479.00 5,000.00 75,000.00 24,000.00 23,352.00 266523 Environmental Health Risk Reduction & Sanitation 33502 Garbage Disposal Costs 37015 Grants to Statutory Bodies & Corporations 11,000,000.00 9,108,200.00 266420 Drain & Street Sanitation 30415 Other Allowances & Fees 266410 Vector Control 30415 Other Allowances & Fees 30202 Wages 2505 Clarevue Psychiatric Hospital 262378 Psychiatric Health Care Services 31102 Food, Water & Refreshment 30301 Duty Allowance 36006 Maintenance of Buildings 2513 Social Transformation 430317 Community Services & Planning 30201 Salaries 30301 Duty Allowance 30801 Gratuities and Terminal Grants 37011 Grants to Individuals 37012 Grants to Organizations & Institutions 37013 430302 Activities of State 30709 Stipend 2515 Community Development Division 430479 Social & Cultural Events 31102 Food, Water & Refreshments 430318 Project Development 30101 Salaries 2516 Substance Abuse & Prevention 434341 Health Education 30201 Salaries 434379 Public Awareness 30201 Salaries 2517 Citizens’ Welfare Division 433395 Social Welfare Services 37011 Grants to Individuals 2518 National Office of Disaster Services 432345 National
 Disaster Risk Reduction 1,619,124.00 20,941,800.00 709,000.00 575,000.00 200,000.00 11,248.00 661,000.00 24,000.00 24,000.00 29,000.00 24,000.00 14,700.00 5,900.00 67,468.00 1,822.00 9,350.00 152,240.00 9,000.00 34,000.00 43,000.00 36,590.00 72,000.00 108,590.00 242,960.00 242,960.00 | 82 AUDITED FINANCIAL REPORT 2014 30713 Payment in Lieu of Vacation Leave 37012 Grants to Organizations & Institutions 6,855.00 16,355.00 432449 Emergency Management 30201 Salaries 2519 Price & Consumer Affairs 390379 Public Awareness 30406 Travelling Allowance 30201 Salaries 390471 Consumer Education 30406 Travelling Allowance 390322 Consumer Protection 30307 Mileage Allowance 30201 Salaries 390373 Price Regulatory Services 30201 Salaries 2521 Department of Social Policy, Research & Planning 430317 Community Services & Planning 30201 Salaries 3001 Education Headquarters 270301 Accounting 30306 Travelling Allowance 30103 Overtime 270344 Human Resource Management 30301 Duty Allowance 30202 Wages 30801 Gratuities and Terminal Grants 273472 Teaching & Training 30202 Wages 271489 School Uniform Initiative 37009 School Uniform Initiative Grant 40203 3002 Administration of Education Services Adm. Unit 274344 Human Resource Management 30203 Overtime 30201 Salaries 30106 Arrears of Salaries 3003 Primary Education Division 271472 Teaching, Training &Development 30201 Salaries 30106 Arrears of Salaries 30406 Travelling Allowance 30415 271344 Human Resource Management 30201 Salaries 272472 Teaching, Training & Development 30101 Salaries 30106 Arrears of Salaries 3005 State College 273344 Human Resource Management 30201 Salaries 30306 Travelling Allowance 30101 Salaries 30301 Duty Allowance 30103 Overtime 36002 Maintenance of Public Grounds 26,640.00 49,850.00 1,812.00 15,705.00 1,812.00 1,200.00 13,960.00 32,952.00 67,441.00 33,000.00 33,000.00 10,872.00 60,000.00 48,000.00 11,000.00 152,000.00 315,000.00 990,375.00 31,500.00 30,000.00 12,744.00 547,992.00 89,762.00 1,954,000.00 4,800.00 6,000.00
 182,444.00 2,225,000.00 85,160.00 26,780.00 1,608.00 43,688.00 8,000.00 7,000.00 40,000.00 1,618,747.00 590,736.00 4,547,166.00 | 83 273402 Tertiary Education Services 30713 30101 Salaries 30106 Arrears of Salaries 30201 Salaries 273498 Janitorial Services 30202 Wages 3006 Public Library 274463 Library Services 31601 Office Supplies 31602 Computer Supplies 34101 Rental or Lease – Office Space 34109 40202 3008 ABICE 275413 Vocational Training 30202 Wages 30202 Arrears of Salaries 30406 Travelling Allowance 3009 Boys’ Training School 430415 Youth Development Services 30418 Acting Allowance 30306 Travelling Allowance 30203 Overtime 3011 Sports 430396 National Sports Administration 30201 Salaries 30709 Stipend 30713 Payment in Lieu of Vacation Leave 30106 Arrears of Salaries 30301 Duty Allowance 30406 Travelling Allowance 30401 Rental or Lease - Office Space 30202 Wages 36206 33709 Sports Development Costs 430524 Management of Sir Vivian Richard’s Stadium 40301 3012 National School Meals Programme 308443 School Meals Initiative 30709 Stipend 30406 Travelling Allowance 30401 Duty Allowance 30201 Salaries 4001 Public Works & Transportation Headquarters 250344 Human Resources Management 30416 Risk Allowance 30801 Gratuities & Terminal Grants 255714 Outfitting of Government Offices 40201 Purchase of Office Furniture 40203 Purchase of Office Equipment 250301 Accounting 30301 Duty Allowance 4002 Works Division 251630 Construction or Major Upgrade of Road, Street & AUDITED FINANCIAL REPORT | 84 Drains 41201 41204 Material Costs 255387
 Repairs & Maintenance Services 30421 Personal Allowance 30406 Travelling Allowance 34101 Rental or Lease – Office Space 251387 Repairs & Maintenance Services 34104 Rental or Lease – Vehicle 36010 Repairs or maintenance of Roads, streets & drains 34007 Consulting Services 251333 Engineering Services 30101 Salaries 5501 Attorney General & Legal Affairs HQ 291510 Ancillary Services 33605 Express Mail Services 34009 Commitment Fees 33701 Conference & Workshops 30101 Salaries 30801 Gratuities and Terminal Grants 30713 Payment in Lieu of Vacation Leave 31601 Office Supplies 31602 Computer Supplies 33508 Household Sundries 31301 Books & Periodicals 30201 Salaries 30106 Arrears of Salaries 30301 Duty Allowance 30306 Travelling Allowance 30305 Entertainment allowance 30202 Wages 291353 Judiciary 30201 Salaries 30101 Salaries 30304 Housing Allowance 30306 Travelling Allowance 30406 Travelling Allowance 30310 Allowance in Lieu of Private Practice 30106 Arrears of Salaries 5502 Office of the Director of Public Prosecutions 390353 Judiciary 30310 Allowance in Lieu of Private Practice 30101 Salaries 30306 Travelling Allowance 30304 Housing Allowance 390510 Ancillary Services 34009 31602 Computer Supplies 390690 AUDITED FINANCIAL REPORT Purchase of Office Equipment 33,346.00 121,518.00 | 85 AUDITED FINANCIAL REPORT 2014 5503 Printing Office 330375 Printing Services 30103 Overtime 31102 Food, water & refreshments 31601 Office Supplies 31602 Computer Supplies 33508 Household Sundries 40302 Purchase of a Generator 5504 Land Registry Division 390354 Land
 Distribution Management 30103 Overtime 30709 Stipend 30101 Salaries 31601 Office Supplies 33401 Computer Hardware Maintenance Costs 5505 Industrial Court 390348 Industrial Dispute Services 33701 Conference & Workshops 390690 40201 40202 40203 5506 High Court 390530 Court Services 33508 Household Sundries 30307 Mileage Allowance 31601 Office Supplies 31602 Computer Supplies 33402 Computer Software Upgrade Costs 30203 Overtime 31605 Repairs & maintenance of furniture & equipment 30103 Overtime 30304 Housing Allowance 30305 Entertainment Allowance 5507 Magistrates Court 291353 Judiciary 30101 Salaries 30307 Mileage Allowance 30202 Wages 30709 Stipend 31001 Subsistence Allowance 5508 Legal Aid & Advice Centre 290450 Legal Aid & Advice 30301 Duty Allowance 30306 Travelling Allowance 5509 Intellectual Property 291351 Intellectual Property Protection 30201 Salaries 30202 Wages 30101 Salaries 31102 Food, water & refreshments 33003 Public Awareness Expenses 31601 Office Supplies 31605 Repairs & maintenance of Furniture & Equipment | 86 33508 Household Sundries 30310 Allowance in Lieu of Private Practice 291359 Company Registration 30101 Salaries 291379 Public Awareness 30101 Salaries 140103 11105 7001 Ministry of National Security Headquarters 390418 Security Services 40315 30106 Arrears of Salaries 30101 Salaries 30301 Duty Allowance 30208 Severance pay 30701 Honorarium 33606 Sea Freight expenses 7002 Police 290352 Intelligence Gathering 30101 Salaries 30301 Duty Allowance 30106 Arrears of Salaries 30306 Travelling Allowance
 290690 40201 290358 Law Enforcement Management 30713 Payment in lieu of Vacation Leave 30716 Uniform Allowance 30709 Stipend 30704 Medical Treatment 31002 Ticket Expenses 31001 Subsistence Allowance 31204 Tyres 31601 Office Supplies 31602 Computer Supplies 31902 Spear Parts 33103 Investigative Expenses 33206 Insurance – n.e.c.
33705 Course Costs & Fees 33901 Contribution & Subscription to Caribbean Organizations 34406 Funeral Expenses 36101 Repair or maintenance of vehicle, buses & trucks 36006 Maintenance of Building 31102 Food, Water & refreshments 33508 Household Sundries 290301 Accounting 30713 Payment in lieu of Vacation Leave 30101 Salaries 140103 11003 7004 Fire Brigade 290337 Fire Protection Services AUDITED FINANCIAL REPORT Duty Allowance 30713 Payment in lieu of Vacation Leave 36101 Repair or maintenance of vehicles 4,095.00 45,009.00 250,000.00 | 87 AUDITED FINANCIAL REPORT 2014 31002 Ticket Expenses 40102 30106 Arrears of Salaries 290623 Major Refurbishing of Motor Vehicles 9,000.00 5,176,667.00 25,802.00 40413 Purchase of Spare parts for vehicle 181,975.00 5,692,548.00 7006 Military 290510 Ancillary Services 34009 31601 Office Supplies 33206 Insurance – n.e.c.
31102 Food, Water & Refreshments 290327 National Defence 30401 Duty Allowance 31001 Subsistence Allowance 31202 Fuel & Oil 31506 Protective Clothing 290387 Repairs & Maintenance Services 36006 Maintenance of Building 31605 Repairs & Maintenance of Furniture & Equipment 7008 Immigration Unit 292346 Immigration & Nationality Services 33707 Training Costs 30713 Payment in Lieu of Vacation Leave 7009 Passport Office 330367 Passport & Visa Services 30802 Compensation & Indemnities 30106 Arrears of Salaries 32002 Passports 7010 Labour 392509 Monitoring & Enforcement 30301 Duty Allowance 30106 8001 Tourism & Civil Aviation Headquarters 500510 Ancillary Services 30401 Duty Allowance 30106 Arrears of Salaries 31601 Office Supplies 31102 Food, Water & refreshments 30103 Overtime 30203 Overtime 30321 Personal Allowance 30101 Salaries 40203 Purchase of office equipment 40201 Purchase of Office Furnishings 36006 Maintenance of Buildings 31602 Computer Supplies 30201 Salaries 30301 Duty Allowance 30305 Entertainment Allowance 30406 Travelling Allowance 500407 Tourism Development Plan 30801 Gratuities & Terminal Grants 500451 Sports Tourism 30201 Salaries | 88 8003 Antigua Tourist Office 500405 Tourism Promotion & Marketing 30203 Overtime 30406 Travelling Allowance 30206 Arrears of Salaries 500407 Tourism Development Plan 30201 Salaries 500398 Production of Official Statistics 30201 Salaries 30401 Duty Allowance 8006 Meteorological Office 502362 Meteorological Services 30103 Overtime 8007 V.C.
Bird International Airport 256304 Air Traffic Control 30103 Overtime 30101 Salaries 30318 Acting Allowance 30106 Arrears of Salaries 30306 Travelling Allowance 8008 Civil Aviation 390301 Accounting 30301 Duty Allowance 30106 Arrears of Salaries 390510 Ancillary Services 30103 Overtime 30308 30201 Salaries 30202 Wages 390307 Airport Operations 30401 Duty Allowance 30201 Salaries 256714 40201 8009 Beach Safety & Protection Unit 390320 Conservation Management 30203 390301 Accounting 30401 Duty Allowance 30406 Travelling Allowance AUDITED FINANCIAL REPORT | 89 APPENDIX (F) AUDIT OF MINISTRIES/DEPARTMENT DURING THE FINANCIAL YEAR 2014 AUDITED FINANCIAL REPORT 2014 No.
Entity Date of Issue Summary 1.

Examination of the Accounting Records – 16.05.14 Records were well maintained Washington 2010-2013 2.

Audit of the Government Payroll System 21.05.14 3.

Audit of the Government of Antigua & 02.06.14 Barbuda Debt Management Unit (Public Debt) The system of accounting and accountability was good and the data was accessible 4.

Examination of the Cash Records & 20.10.14 Records were fairly well maintained Receipt Register for the St Johns’ Police Station (Jan.-Dec. 2013) 5.
Examination of the records of the Tourism 17.10.14 Office -UK  Records were up to date.

 Allocation of resources was fairly well executed.

6.

Audit Report – Tourism Office NYC 08.12.14 7.

Audit Report – Public Accounts of 30.12.14 The Financial Statements were Antigua & Barbuda 2011 submitted in a timely manner and most of the supporting documents were received as requested.

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