- 10 Marks
PSAF – April 2022 – L2 – Q3b – Public sector fiscal planning and budgeting
Prepare a budget performance report and analyze the budget outturn for Nkong District Assembly.
Question
Below is the Revenue and Expenditure Extract of Nkong District Assembly for the year ended 31 December, 2020.
| Description | Annual Budget (GH¢’ 000) | Revised Budget (GH¢’ 000) | Actual Performance (GH¢’ 000) |
|---|---|---|---|
| Decentralised Transfer | 32,000 | 35,000 | 42,000 |
| Internally Generated Fund | 56,000 | 45,000 | 33,000 |
| Compensation | 23,000 | 20,000 | 25,700 |
| Goods and Services | 13,000 | 18,000 | 24,000 |
| Non-Financial Asset | 18,000 | 15,000 | 12,000 |
Required:
i) Prepare a Budget Performance Report of Nkong District Assembly based on the extract above. (5 marks)
ii) Write a report analyzing the Budget Outturn while assessing the likely causes of the variances during the year. (5 marks)
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