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Absence of evidence of Revenue and Expenditure Estimates and Work Plan

Section 9 (2) (b) of the PFM (COVID-19 Emergency Response Fund) Regulations, 2020 requires the Fund Administrator to prepare estimates of the annual revenue and expenditure of the Fund relating to its obligations and operational expenses and submit it to the Board for adoption. Section 8(a) provides that upon adoption, the Board should recommend Estimates of the Annual Revenue and Expenditure from the Fund to the Cabinet Secretary of The National Treasury for approval. No evidence was provided to the Auditor-General that revenues and expenditures to and from the Fund Account were prepared and communicated to the Cabinet Secretary of The National Treasury for inclusion in the 2019/2020 or 2020/2021 Budgets
In addition, there was no evidence that the Fund Board had developed a work plan to guide its operations and to ensure proper linkage between budgeting and planning for efficient and effective utilization of resources.