THE UNITED REPUBLIC OF TANZANIA NATIONAL AUDIT OFFICE REPORT OF THE CONTROLLER AND AUDITOR GENERAL ON THE VERIFICATION OF CONSOLIDATED FUND MAINTAINED BY THE MINISTRY OF FINANCE AND PLANNING Controller and Auditor General, | National Audit Office, 16 Samora Machel Avenue, P.O. Box 9080, 11101 Dar es Salaam, Tanzania. Tel: 255 (022) 2115157/8,TABLE OF CONTENTS LIST OF TABLES .. List of Appendices. Abbreviations and definition of terms, 4.0 GENERAL INFORMATION 1.4. Mandate 4.2. Vision, Mission and Core Values... EXECUTIVE SUMMARY 1.0 INTRODUCTION 2,0 AUDIT FINDINGS AND RECOMMENDATIONS ...... 2'1 ToR No.1 Investigate causes for the difference of TZS.1,515.18 billion as raised in Chapter IV of the CAG’s Central Government’s Annual General Report for the year 2016/2017 and explain as to why it was so reported. ; 2.2 Analysis of cost centres for the total expenditure of TZS.23,792.30 billion reported under Para 4.3 of the CAG’s General Report 2016/2017... 2.3. Inadequate financial record: 24 Lack of a Statement of Cash Flows for the Consolidated Fund showing the revenues, expenditures and financing of the Fund for the year makes it difficult to confirm the balance on the Consolidated Fund. 2.5. Delay in making adjustment for the matured Government T- Bills and ao Bonds (rollover) TZS.697.85 billion... 8 2.6 Appropriation to Lapse at the end of Financial Year. 29 2:7 Fragmented accounts and unsupported bank balances.......- 9 2'3 ToR No 2: Review how withdraws were made and approved from Consolidated Fund . 1" 3.0 ACKNOWLEDGEMENT .... 4.0, APPENDECIES.. Page it ‘VERIFICATION REPORT ON EXCHEQUER ACCOUNT:LIST OF TABLES Table 1: Workings on the consolidated funds revenue.. Table 2: bank accounts and unsupported bank balances ; Table 3: Trend of CAG’s Grants of Credit Issues on the Exchequer Account. 13 Table 4: Trend of CAG's Grants of Credit after Presidential Warrants 2003/2004 - 2010/2011. ; Table 5: Bank Accounts of the Consolidated Fund maintained at the BoT ..15 Table 6: Amount deducted without being reallocated to any Vote... 7 Table 7: Unapproved reduction of amount of Appropriation Act ... Table 8: Funds over released to some Votes for the year 2016/2017 Table 9: (Revised) below shows overall under releases ... Table 10: Exchequer Issues Warrants {EIW) issued in the year 2016/2017 in respect of funds released said to relate to thein previous financial year B Table 11: Amount of Exchequer Issues Warrants included in another Exchequer Issues Warrants. o Table 12: Exchequer Issues Warrants not paid/ partially paid Table 13: Unreleased funds due to insufficient fund .. i Table 14: Exchequer Issues Warrant not included in the exchequer release report... Table 15: Discrepancy between Exchequer Issues and Exchequer Release Report ... a Table 16: Management response VERIFICATION REPORT ON EXCHEQUER ACCOUNT 7 “Page i