6 Financial Performance
6.3 Financial Statement
6 Financial Performance
Table 22: Statement of Financial Performance for the year ended 30th June 2011
ANNUAL REPORT 2010/11 ANNUAL REPORT 2010/11
Parameter Size (km) Condition Designated Agency Budget ('millions') Parameter Size (km) Condition Designated Agency Budget (Mns') Parameter Size (km) Condition Designated Agency Budget ('mns')
Routine Maintenance 23,987.1 13,873.81 Routine Maintenance 615 4,844.2
Routine Maintenance 1,882.2 2,371.7
DistrictsMunicipalities Periodic Maintenance 3,190.8 17,462.2 Periodic Maintenance 38 9,759.1
Periodic Maintenance 959.6 12,112.1
Culverts No. 101 586.90 Culverts No. 177 401.3
Bridges No. 20 601.80 Bridges No. - 178.7
Routine Maintenance 1,021.3 3,797.80 Routine Maintenance 5,325.6 3,277.5
Periodic Maintenance 287.8 9,340.40 Periodic Maintenance 1,133.7 2,458.4
Culverts No. 7.0 155.80 Culverts No. 328 679.9
Bridges - - Bridges - 125.4
Under study Under study
111 Districts Urban 169 Town Councils
22 Municipal Councils Community Access 1103 Sub Counties KCCA Under study Kampala Capital City Authority
Budget 2011 Shs
283,883,000,002
283,883,000,002
2,106,855,145 5,783,140,725
275,993,004,132
Actual 30th June 2010 Shs
116,241,608,654
116,241,608,654
449,793,200 278,708,735 8,831,900
109,859,871,498 Actual 30th June
2011 Shs
283,408,076,570
10,350,000 283,418,426,570
1,678,249,210 4,221,994,590
273,457,565,435 Notes
2 3 4 5 6
7 8
9 10 11
12 13 14 15 16 18 Operating revenue
Grants from foreign governments Grants from international organizations Domestic Grants
Transfers received from the Treasury Transfers received from other government units
Non-Tax Revenues Other Revenue
Total operating revenue Operating expenses Employee costs
Goods and services consumed Consumption of property, plant & equipments
Interest expense Subsidies
Transfers to other Organizations Social benefits
Other expenses
Foreign exchange losses (gains)
T a b le 2 1: D U C A R & K C C A P la n n e d R o u ti n e a n d P e ri o d ic M a in te n a ce W o rk s F Y 2 0 11 /1 2 T a b le 2 1: D U C A R & K C C A P la n n e d R o u ti n e a n d P e ri o d ic M a in te n a ce W o rk s F Y 2 0 11 /1 2
6 Financial Performance
FY2010/11 was the f irst full year of operations of the Fund under Vote 118 with a budget of UGX 283.883 Billion. These funds were appropriated by parliament for f inancing routine and periodic maintenance of public roads. During the period the Fund received 99.8% of the budgetary allocation from the consolidated fund and disbursed 99.1% of the received funds to designated agencies, against approved work plans entered in performance agreements.
The Fund developed policies and procedures to guide the management of the Secretariat's operations including guidelines on disbursement of funds to agencies. These are enshrined in the accounting policies and procedures manual, the audit manual and the programming manual. Key controls and reporting requirements are contained in the manuals.
Table 22 shows the statement of f inancial performance of the Fund for the year ended on 30th June 2011.
Table 22: Statement of Financial Performance for the year ended 30th June 2011
6.1 Overview
6.2 Internal System and Procedures
6.3 Financial Statement
6 Financial Performance
Table 22: Statement of Financial Performance for the year ended 30th June 2011
ANNUAL REPORT 2010/11 ANNUAL REPORT 2010/11
Parameter Size (km) Condition Designated Agency Budget ('millions') Parameter Size (km) Condition Designated Agency Budget (Mns') Parameter Size (km) Condition Designated Agency Budget ('mns')
Routine Maintenance 23,987.1 13,873.81 Routine Maintenance 615 4,844.2
Routine Maintenance 1,882.2 2,371.7
DistrictsMunicipalities Periodic Maintenance 3,190.8 17,462.2 Periodic Maintenance 38 9,759.1
Periodic Maintenance 959.6 12,112.1
Culverts No. 101 586.90 Culverts No. 177 401.3
Bridges No. 20 601.80 Bridges No. - 178.7
Routine Maintenance 1,021.3 3,797.80 Routine Maintenance 5,325.6 3,277.5
Periodic Maintenance 287.8 9,340.40 Periodic Maintenance 1,133.7 2,458.4
Culverts No. 7.0 155.80 Culverts No. 328 679.9
Bridges - - Bridges - 125.4
Under study Under study
111 Districts Urban 169 Town Councils
22 Municipal Councils Community Access 1103 Sub Counties KCCA Under study Kampala Capital City Authority
Budget 2011 Shs
283,883,000,002
283,883,000,002
2,106,855,145 5,783,140,725
275,993,004,132
Actual 30th June 2010 Shs
116,241,608,654
116,241,608,654
449,793,200 278,708,735 8,831,900
109,859,871,498 Actual 30th June
2011 Shs
283,408,076,570
10,350,000 283,418,426,570
1,678,249,210 4,221,994,590
273,457,565,435 Notes
2 3 4 5 6
7 8
9 10 11
12 13 14 15 16 18 Operating revenue
Grants from foreign governments Grants from international organizations Domestic Grants
Transfers received from the Treasury Transfers received from other government units
Non-Tax Revenues Other Revenue
Total operating revenue Operating expenses Employee costs
Goods and services consumed Consumption of property, plant &
equipments Interest expense Subsidies
Transfers to other Organizations Social benefits
Other expenses
Foreign exchange losses (gains)
6.3.1 Income
The funds received during the FY 2010/11 are as summarized in Table 23.
Table 23: Financial Performance for the Period of July 2010 - June 2011
6.3.2 Expenditure
A total of UGX 273,457,565,435 was disbursed to designated agencies in FY 2010/11. The percentage split of disbursements between UNRA, DUCAR agencies and URF was as shown in Figure 6.
It can be seen from Figure 6 that 63% of the funds were disbursed to UNRA for maintenance of national roads; 34% to DUCAR agencies for the maintenance of DUCAR roads; and 3% for operational costs of the URF Secretariat.
Table 23: Financial Performance for the Period of July 2010 - June 2011
ANNUAL REPORT 2010/11 ANNUAL REPORT 2010/11
Budget 2011 Shs 283,883,000,002
Actual 30th June 2010 Shs 110,597,205,333 5,644,403,321
5,644,403,321 Actual 30th June
2011 Shs
Losses of cash only (refer to Statement of reported losses)
Extraordinary items
Net surplus/ (deficit) after extraordinary items
Figure 6: Percentage of Funds Disbursed by Agency, FY 2010/11
The URF Act 2008 requires that at the end of the f inancial year an audit of the Fund will be undertaken by the OAG. Accordingly the Auditor General audited the Fund covering the period FY 2010/11 and produced a report appended here in Annex 7: Detailed Report of the Auditor General, FY2010/11.
6.4.1 Key Plans and Responsibilities
Every DA has the responsibility to ensure that the network is planned for, developed, rehabilitated and well maintained at all times. It also has to operate its network in a sound and eff icient manner that ensures safety, economy and least cost to users.
URF requires that every designated agency prepares 3- and 5-year rolling maintenance plans for its network in such a way that seeks to influence the global road expenditure plan of the Fund that translate into tariff levels for road user charges.
6.4 Accountability and Audit
Figure 6: Percentage of Funds Disbursed by Agency, FY 2010/11
6.3.1 Income
The funds received during the FY 2010/11 are as summarized in Table 23.
Table 23: Financial Performance for the Period of July 2010 - June 2011
6.3.2 Expenditure
A total of UGX 273,457,565,435 was disbursed to designated agencies in FY 2010/11. The percentage split of disbursements between UNRA, DUCAR agencies and URF was as shown in Figure 6.
It can be seen from Figure 6 that 63% of the funds were disbursed to UNRA for maintenance of national roads; 34% to DUCAR agencies for the maintenance of DUCAR roads; and 3% for operational costs of the URF Secretariat.
Table 23: Financial Performance for the Period of July 2010 - June 2011
ANNUAL REPORT 2010/11 ANNUAL REPORT 2010/11
Budget 2011 Shs 283,883,000,002
Actual 30th June 2010 Shs 110,597,205,333 5,644,403,321
5,644,403,321 Actual 30th June
2011 Shs
Losses of cash only (refer to Statement of reported losses)
Extraordinary items
Net surplus/ (deficit) after extraordinary items
Figure 6: Percentage of Funds Disbursed by Agency, FY 2010/11
The URF Act 2008 requires that at the end of the f inancial year an audit of the Fund will be undertaken by the OAG. Accordingly the Auditor General audited the Fund covering the period FY 2010/11 and produced a report appended here in Annex 7: Detailed Report of the Auditor General, FY2010/11.
6.4.1 Key Plans and Responsibilities
Every DA has the responsibility to ensure that the network is planned for, developed, rehabilitated and well maintained at all times. It also has to operate its network in a sound and eff icient manner that ensures safety, economy and least cost to users.
URF requires that every designated agency prepares 3- and 5-year rolling maintenance plans for its network in such a way that seeks to influence the global road expenditure plan of the Fund that translate into tariff levels for road user charges.
6.4 Accountability and Audit
Figure 6: Percentage of Funds Disbursed by Agency, FY 2010/11
6.4.2 Accountability report for Period
The Auditor General's report on accountability for the period June 2010 – June 2011 is as follows:
REPORT OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF