statements. Q2. The Financial Information below relates to Wa Municipal Assembly. Wa Municipal Assembly Statement of Financial Performance for the year ended 31 December 2022 2021 GHS000 GHS000 Revenues Decentralised Transfer 31,995 39,675 Internally Generated Revenue 27,150 27,750 Grants and Donations 19,200 12,750 Total revenue 78,345 80,175

Expenditure Compensation for Employees 30,450 44,700 Use of Goods and Services 21,000 15,450 Consumption of Fixed Capital 600 360 Social Benefits 900 2,250 Interest 15,690 29,490 Other Expenses 2,145 2,400 Total Expenditure 70,785 94,650

Net Operation Result 7,560 (14,475) Wa Municipal Assembly Statement of Financial Position as at 31 December 2022 2021 GHS000 GHS000 Non-Current Assets Property, Plant and Equipment 33,600 3,675 Equity Investment 8,250 12,000 41,850 15,675 Current Assets Receivables 12,600 10,050 Cash and Cash Equivalent 27,000 7,050 39,600 17,100

Total Asset 81,450 32,775

Funds and Liabilities Accumulated Fund 7,200 (120,300) Current Liabilities Payables 11,250 20,400 Short Term Loans 3,000 15,000 14,250 35,400 Non-current Liabilities Loans 27,000 54,000 Other Long-Term Debt 33,000 63,675 60,000 117,675

Total Fund and Liabilities 81,450 32,775

Additional Information 1) The Statistical and economic data of the two years for the Municipal is as follows: 2022 2021 Population 180,000 175,000

2) Decentralised Transfer includes Common Fund from the Central Government of the respective years. Common Fund constitutes 60% of the Decentralised Transfer for 2022 and 50% of the Decentralised Transfer for 2021. Required: From the information provided, compute for the respective years: IGF to total revenue ratio Common Fund per Capita IGF per Capita Compensation of Employees to Total Revenue Interest to IGF Ratio

b. Based on the results computed in a) above, discuss the performance of the Municipal Assembly.