11 Mar 2019 15:30pm
WINDHOEK, 11 MAR (NAMPA) The Opuwo Town Council (OTC) failed to provide sufficient documentary evidence as to how N.dollars 17.8 million was spent in 2017, the latest report by the auditor general (AG) reveals.
Deputy Minister of Finance, Natangwe Ithete submitted the OTCs audit report for the 2016/17 financial year (FY) in the National Assembly last week.
Shortcomings, amounting to 16 in total, were found regarding the OTCs accounting and were described as recurring matters.
Predominantly, during the period under review, the local authority failed to furnish the auditors with supporting documents for depreciation amounting to N.dollars 4.5 million along with the provision of bad debts totalling N.dollars 3.3 million.
Supporting documents for government contributions to the tune of N.dollars 2.8 million were also not handed over to the auditors at the time of auditing, the report further reveals.
In addition to this, the council failed to submit backup documents for royalty income and value added tax amounting to N.dollars 270 253 and 641 807 in that order.
N.dollars 793 958 in money obtained from property sales could also not be substantiated by the auditors, the report further notes.
Moreover, documents for fuel and oil amounting to N.dollars 257 871 were not submitted for audit purposes.
Documentation to validate creditors amounting to N.dollars 193 244 and N.dollars 792 441 was also not availed to the AG, while consumer deposits were understated by N.dollars 903 802 during the FY in question.
An unexplained difference of N.dollars 1.8 million was observed between the councils financial statements and cashbook.
Further unexplained adjustments on the bank reconciliation amounting to N.dollars 483 511 was also recorded.
In addition, in the councils books, assets are not grouped per item in the notes, the auditors found.
The AG issued a disclaimer audit opinion as a consequence, meaning that the OTC did not provide sufficient or appropriate evidence for a basis of an audit opinion.
Contacted for comment on Monday, OTCs chief executive officer, Petrus Shuuya told the agency that he has not seen the report, and would formerly comment on the matters it raised after familiarizing himself with it.