Government of the Republic of Uganda

Financial Statements for the financial year ended 30 June 2019.

NANGODE SUBCOUNTY

Commentary on the financial statements by the head of finance.

Give a maximum of a two page commentary on financial performance and financial position of the vote
covering a trend analysis in comparison to previous year’s performance.

1) Comment on the income and Expenditure of the vote against budget.

According to the budget estimate of 2018/2019, it should be noted that not all funds expected
were realized and for this reason therefore the expenditure incurred largely depended on the
realized revenue.
Most expenditure incurred was of the development nature as compared to recurrent
expenditure as envisage by these financial statements.
2) Comment on the Asset and liability of the vote and mention any significant acquisition or
disposal of asset as well as liability incurred or settled during the reporting period.
Cash and cash equivalents Ugx.83, 729/= as per the conciliations for the period ending
30/6/2019.
3) Comment on the multiyear commitment and outstanding obligation by year end.
There were no any multiyear commitments by the year end.
4) Comment(s)/explanatory notes on any adjustments made in the statement of changes in
Equity or Reconciliation of movement of cash during the year if any.
The were no adjustments made in the statement of changes in the equity.
5) Departure from accounting principles or practice and justification if any.
The accounting principles and practices in force were adhered to.
I take full responsibility for the completeness and integrity of these Financial Statements.

MWASE JOSEPH……………..

Head of Accounts.

30/08/2019