Municipal Assembly – NBC Institute

PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government

This question requires the preparation of a Statement of Financial Performance and a Statement of Financial Position for a Municipal Assembly, along with detailed workings.

Question

The Trial Balance was extracted from the books of Bokom Municipal Assembly (BMA) as at 31st December 2015.

Debit	GH¢’000	Credit	GH¢’000
Property rate	450	Sundry payables	60
Basic rates	200	Short term loans	120
Special rates	50	Deposits	100
Lorry park fees	40	Accumulated Fund	43
Marriage and divorce registration	10
Building permits	110
Penalties	80
Market toll	620
Share of District Assembly Common Fund	980
District Development Facility	350
Compensation for employees	1,000
Herbalist licenses	20
Hawkers licenses	15
Other licenses	12
Royalties	50
Share of stool land revenue	150
Market Store rent	70
Other rentals	40
Interest on investment	10
Gains from business	30
Established post	1,080
Non-established post	700
Goods and services	950
Interest expense	20
Social benefits	180
Other expenditure	260
Bank and Cash	40
Advances and loans	80
Investment	100
Property, Plant, and equipment	1,200
	4,610		4,610

Additional Information:

Revenues are classified as follows: Rate, Land Revenue, Fees and Fines, Licenses, Rent income, investment income, and Grants.
The expenditure classification should comply with the harmonized Chart of Accounts.
Consumption of fixed capital for the year is computed as GH¢260,000.

Required:

a) Prepare:

i) A Statement of Financial Performance for the year ended 31st December 2015.

ii) A Statement of Financial Position as at 31st December 2015. (Please show all workings clearly). (16 marks)

Answer

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Tags: Financial Statements, Local Government, Municipal Assembly, Statement of Financial Performance, Statement of Financial Position
Level: Level 2

Topic: Preparation and presentation of financial statements for local government
Series: MAY 2017

PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis

Computes and discusses financial ratios to evaluate the performance of a Municipal Assembly over two years.

Question

The Financial Information below relates to Agogo Municipal Assembly.

Agogo Municipal Assembly
Statement of Financial Performance for the year ended 31 December

Additional Information:

The Statistical and economic data of the two years for the Municipal is as follows:

Description	2022	2021
Population	180,000	175,000

Decentralised Transfer includes Common Fund from the Central Government of the respective years. Common Fund constitutes 60% of the Decentralised Transfer for 2022 and 50% of the Decentralised Transfer for 2021.

Required:
i) From the information provided, compute for the respective years:

Common Fund per Capita
IGF per Capita
Compensation of Employees to Total Revenue
Interest to IGF Ratio
(4 marks)

ii) Based on the results computed in i) above, discuss the performance of the Municipal Assembly.
(6 marks)

Answer

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Tags: Financial Performance, Financial Ratios, Municipal Assembly, Public Sector Analysis, Ratio Computation
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: MAR 2023

PSAF – Dec 2023 – L2 – Q4a – Public Procurement

Outline the functions of the Head of a Procurement Entity and the Entity Tender Committee of a Municipal Assembly.

Question

or effective management of the procurement process in the public sector of the Republic of Ghana, the Public Procurement (Amendment) Act, 2016 (Act 941) has provided for specific roles of identified procurement structures.

Required:
Outline FIVE (5) functions each of the following identified procurement structures:
i) The Head of a Procurement Entity. (5 marks)
ii) Entity Tender Committee of a Municipal Assembly. (5 marks)

Answer

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Tags: Entity Tender Committee, Municipal Assembly, Procurement Entity, Public Procurement
Level: Level 2

Topic: Public Procurement
Series: DEC 2023

FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal

Describe how the investment appraisal approach of a municipal assembly differs from that of a mining company.

Question

a. Describe FOUR (4) ways in which the investment appraisal approach of a Municipal Assembly will differ from a mining company. (4 marks)

Answer

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Tags: Investment Appraisal, Mining Company, Municipal Assembly, Public Sector vs. Private Sector
Level: Level 2

Topic: Introduction to Investment Appraisal
Series: NOV 2015

PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government

This question requires the preparation of a Statement of Financial Performance and a Statement of Financial Position for a Municipal Assembly, along with detailed workings.

Question

The Trial Balance was extracted from the books of Bokom Municipal Assembly (BMA) as at 31st December 2015.

Debit	GH¢’000	Credit	GH¢’000
Property rate	450	Sundry payables	60
Basic rates	200	Short term loans	120
Special rates	50	Deposits	100
Lorry park fees	40	Accumulated Fund	43
Marriage and divorce registration	10
Building permits	110
Penalties	80
Market toll	620
Share of District Assembly Common Fund	980
District Development Facility	350
Compensation for employees	1,000
Herbalist licenses	20
Hawkers licenses	15
Other licenses	12
Royalties	50
Share of stool land revenue	150
Market Store rent	70
Other rentals	40
Interest on investment	10
Gains from business	30
Established post	1,080
Non-established post	700
Goods and services	950
Interest expense	20
Social benefits	180
Other expenditure	260
Bank and Cash	40
Advances and loans	80
Investment	100
Property, Plant, and equipment	1,200
	4,610		4,610

Additional Information:

Revenues are classified as follows: Rate, Land Revenue, Fees and Fines, Licenses, Rent income, investment income, and Grants.
The expenditure classification should comply with the harmonized Chart of Accounts.
Consumption of fixed capital for the year is computed as GH¢260,000.

Required:

a) Prepare:

i) A Statement of Financial Performance for the year ended 31st December 2015.

ii) A Statement of Financial Position as at 31st December 2015. (Please show all workings clearly). (16 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Statements, Local Government, Municipal Assembly, Statement of Financial Performance, Statement of Financial Position
Level: Level 2

Topic: Preparation and presentation of financial statements for local government
Series: MAY 2017

PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis

Computes and discusses financial ratios to evaluate the performance of a Municipal Assembly over two years.

Question

The Financial Information below relates to Agogo Municipal Assembly.

Agogo Municipal Assembly
Statement of Financial Performance for the year ended 31 December

Additional Information:

The Statistical and economic data of the two years for the Municipal is as follows:

Description	2022	2021
Population	180,000	175,000

Decentralised Transfer includes Common Fund from the Central Government of the respective years. Common Fund constitutes 60% of the Decentralised Transfer for 2022 and 50% of the Decentralised Transfer for 2021.

Required:
i) From the information provided, compute for the respective years:

Common Fund per Capita
IGF per Capita
Compensation of Employees to Total Revenue
Interest to IGF Ratio
(4 marks)

ii) Based on the results computed in i) above, discuss the performance of the Municipal Assembly.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Performance, Financial Ratios, Municipal Assembly, Public Sector Analysis, Ratio Computation
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: MAR 2023

PSAF – Dec 2023 – L2 – Q4a – Public Procurement

Outline the functions of the Head of a Procurement Entity and the Entity Tender Committee of a Municipal Assembly.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Entity Tender Committee, Municipal Assembly, Procurement Entity, Public Procurement
Level: Level 2

Topic: Public Procurement
Series: DEC 2023

FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal

Describe how the investment appraisal approach of a municipal assembly differs from that of a mining company.

Question

a. Describe FOUR (4) ways in which the investment appraisal approach of a Municipal Assembly will differ from a mining company. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Investment Appraisal, Mining Company, Municipal Assembly, Public Sector vs. Private Sector
Level: Level 2

Topic: Introduction to Investment Appraisal
Series: NOV 2015

Question Tag: Municipal Assembly

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PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government

This question requires the preparation of a Statement of Financial Performance and a Statement of Financial Position for a Municipal Assembly, along with detailed workings.

PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis

Computes and discusses financial ratios to evaluate the performance of a Municipal Assembly over two years.

PSAF – Dec 2023 – L2 – Q4a – Public Procurement

Outline the functions of the Head of a Procurement Entity and the Entity Tender Committee of a Municipal Assembly.

FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal

Describe how the investment appraisal approach of a municipal assembly differs from that of a mining company.

PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government

This question requires the preparation of a Statement of Financial Performance and a Statement of Financial Position for a Municipal Assembly, along with detailed workings.

PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis

Computes and discusses financial ratios to evaluate the performance of a Municipal Assembly over two years.

PSAF – Dec 2023 – L2 – Q4a – Public Procurement

Outline the functions of the Head of a Procurement Entity and the Entity Tender Committee of a Municipal Assembly.

FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal

Describe how the investment appraisal approach of a municipal assembly differs from that of a mining company.

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PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government

This question requires the preparation of a Statement of Financial Performance and a Statement of Financial Position for a Municipal Assembly, along with detailed workings.

You're reporting an error for "PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government"

PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis

Computes and discusses financial ratios to evaluate the performance of a Municipal Assembly over two years.

You're reporting an error for "PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis"

PSAF – Dec 2023 – L2 – Q4a – Public Procurement

Outline the functions of the Head of a Procurement Entity and the Entity Tender Committee of a Municipal Assembly.

You're reporting an error for "PSAF – Dec 2023 – L2 – Q4a – Public Procurement"

FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal

Describe how the investment appraisal approach of a municipal assembly differs from that of a mining company.

You're reporting an error for "FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal"

PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government

This question requires the preparation of a Statement of Financial Performance and a Statement of Financial Position for a Municipal Assembly, along with detailed workings.

You're reporting an error for "PSAF – May 2017 – L2 – Q4a – Preparation and presentation of financial statements for local government"

PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis

Computes and discusses financial ratios to evaluate the performance of a Municipal Assembly over two years.

You're reporting an error for "PSAF – Mar 2023 – L2 – Q3b – Financial statements discussion and analysis"

PSAF – Dec 2023 – L2 – Q4a – Public Procurement

Outline the functions of the Head of a Procurement Entity and the Entity Tender Committee of a Municipal Assembly.

You're reporting an error for "PSAF – Dec 2023 – L2 – Q4a – Public Procurement"

FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal

Describe how the investment appraisal approach of a municipal assembly differs from that of a mining company.

You're reporting an error for "FM – NOV 2015 – L2 – Q3a – Introduction to Investment Appraisal"

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