Presented below is the Statement of Financial Performance of Okagya Municipal Assembly for the year ended 31 December 2020:

Transcribed Image Text:

Revenues Decentralized Transfer IGF Donation and Grants Total revenue Expenditure Compensation for employees. Use of goods and services Consumption of fixed Asset GHe'million 2020 Actual 16,450 22,200 1,300 39.950 29,800 10,300 240 19,660 510 1.600 62.110 GHe million 2019 Actual (22.160) 12,400 25,600 1.900 39.900 24,300 9,860 220 14,550 430 1.430 50.790 GHe million 2020 Budget (10.890) 20,200 34,100 2,000 56.300 Interest Grants Other expenses Total Expenditure Net Operation Result Required: i) Prepare Common Size Statement of Financial Performance for the year ended 31 December (6 marks) 2020. ii) Based on the Common Size Statement of Financial Performance prepared in i) above, write a report analysing the financial performance of Okagya Municipal Assembly in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis. 25,900 18,000 16,780 1,920 2.450 65.050 (8.750) Revenues Decentralized Transfer IGF Donation and Grants Total revenue Expenditure Compensation for employees. Use of goods and services Consumption of fixed Asset GHe'million 2020 Actual 16,450 22,200 1,300 39.950 29,800 10,300 240 19,660 510 1.600 62.110 GHe million 2019 Actual (22.160) 12,400 25,600 1.900 39.900 24,300 9,860 220 14,550 430 1.430 50.790 GHe million 2020 Budget (10.890) 20,200 34,100 2,000 56.300 Interest Grants Other expenses Total Expenditure Net Operation Result Required: i) Prepare Common Size Statement of Financial Performance for the year ended 31 December (6 marks) 2020. ii) Based on the Common Size Statement of Financial Performance prepared in i) above, write a report analysing the financial performance of Okagya Municipal Assembly in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis. 25,900 18,000 16,780 1,920 2.450 65.050 (8.750)

Answer rating: 100% (QA)

i Common Size Statement of Financial Performance Revenues Decentralized Transfer 4114 3110 3571 IGF ... View the full answer