OFFICE OF TELEPHONE - THE AUDITOR GENERAL APOLLO KAGWA ROAD, General Line +256 - 41 - 7336000 PLOT 2C, Auditor General: +256 - 41 - 7336004 Sec P.O. Box 7083, Fax: +256 - 41 - 4345674 KAMPALA. Email: info@oag.go.ug THE REPUBLIC OF UGANDA Website: www.oag.go,ug FOR ANY CORRESPONDENCE ON DCG. 80/304/01 THIS MATTER PLEASE QUOTE ON 20th December 2021 The Permanent Secretary/ Accounting Officer Ministry of Education & Sports Kampala REPORT OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF UGANDA SKILLS DEVELOPMENT PROJECT - MINISTRY OF EDUCATION AND SPORTSCOMPONENT 3 FOR THE YEAR ENDED 30TH JUNE, 2021 I am enclosing herewith a report which I have already sent to the Rt. Hon. Speaker of Parliament I 9cordance with Article 163 (4) of the Constitution of Uganda 1995 (as amended), John F. S. Muwanga AUDITOR GENERAL Copy to: The Inspector General of Government, Kampala The Hon. Minister of Ethics & Integrity The Permanent Secrctary/Secretary to the Treasury Ministry of Finance, Planning and Economic Development International Development Association - IDA Financial Management Specialist - USDP The Project Coordinator - USDP VISION: "A Model Supreme Audit Institution that adds Value to Society MISSION: "To provide our stakeholders with independent audit results that promote good governance for better service delivery" THE REPUBLIC OF UGANDA REPORT OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF UGANDA SKILLS DEVELOPMENT PROJECT (USDP) MINISTRY OF EDUCATION COMPONENT FOR THE FINANCIAL YEAR ENDED 30TH JUNE 2021 OFFICE OF THE AUDITOR GENERAL UGANDA Table of Contents O p in io n .. . . .. . ........................ ....... ...... ............... ................................................................................. 4 B a sis fo r O p in io n ............................................................................................................................. 4 K e y A u d it M a tte r.................................................................................................................................... 4 * Im plementation of the Approved Budget............................................. . ............................4 A b so rp tio n o f fu n d s ................................................................................................................................. 8 O th e r M a tte rs....................................................................................................................................... Other Inform ation ............................................................................................................................... 12 Managem ent Responsibilities for the Financial Statem ents ............................................................12 Auditor's Responsibilities for the Audit of the Financial Statem ents...............................................12 Other Reporting Responsibilities.......................................................................................................13 Report on the Audit of Com pliance with Legislation.....................................................................14 2 LIST OF ACRONYMS Acronym Meaning AIA Appropriation in Aid GoU Government of Uganda INTOSAI International Organization of Supreme Audit Institutions ISSAIs International Standards of Supreme Audit Institutions MDAs Ministries, Departments and Agencies Mn Million MoFPED Ministry of Finance, Planning and Economic Development NAA National Audit Act NTR Non-Tax Revenue OAG Office of the Auditor General PFM Public Finance Management PFMA Public Finance Management Act PFMR Public Finance Management Regulations PPDA Public Procurement & Disposal of Public Assets PBS Program Budgeting System BEC Budget Execution Circular PS/ST Permanent Secretary / Secretary to the Treasury TI Treasury Instructions UCF Uganda Consolidated Fund UGX Uganda Shilling PDU Procurement & Disposal Unit ICT Information & Communication Technology HR Human Resource USDP Uganda Skills Development Project MOES Ministry of Education and Sports SDF Skills Development Facility 3 REPORT OF THE AUDITOR GENERAL ON THE AUDIT OF FINANCIAL STATEMENTS OF UGANDA SKILLS DEVELOPMENT PROJECT (USDP) MINISTRY OF EDUCATION COMPONENT FOR THE FINANCIAL YEAR ENDED 30TH JUNE, 2021 THE RT. HON. SPEAKER OF PARLIAMENT Opinion I have audited the accompanying financial statements of Uganda Skills Development Project (USDP) which comprise the Statement of Financial Position as at 30th June 2021, the Statement of Financial Performance, Statement of Changes in Equity and Statement of Cash Flows together with other accompanying statements for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. In my opinion, the financial statements of Uganda Skills Development Project (USDP) for the financial year ended 30th June 2021 are prepared, in all material respects, in accordance with Section 51 of the Public Finance Management Act, 2015 and the Financial Reporting Guide, 2018. Basis for Opinion I conducted my audit in accordance with International Standards of Supreme Audit Institutions (ISSAIs). My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements Section of my report. I am independent of the project in accordance with the Constitution of the Republic of Uganda 1995 (as amended), the National Audit Act, 2008, the International Organization of Supreme Audit Institutions (INTOSAI) Code of Ethics, the International Ethics Standards Board for Accountants Code of Ethics for Professional Accountants (Parts A and B) (IESBA Code), and other independence requirements applicable to performing audits of Financial Statements in Uganda. I have fulfilled my other ethical responsibilities in accordance with the IESBA Code, and in accordance with other ethical requirements applicable to performing audits in Uganda. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Key Audit Matter Key Audit Matters are those matters that, in my professional judgment, were of most significance in my audit of the financial statements of the current period. These matters were addressed in the context of my audit of the financial statements as a whole, and in forming my opinion thereon, and I do not provide a separate opinion on these matters. I have determined the matters described below to be key audit matters communicated in my report. Implementation of the Approved Budget On the 24th of April 2020, Parliament approved the annual budget for MDAs and LGs that contained the specific resource envelope allocated to each vote to implement agreed on outputs. Subsequently, the PS/ST issued a Budget Execution Circular that communicated 4 the budget strategy, policy, and administrative issues to guide the budget implementation for the financial year 2020/2021. During my overall risk assessment exercise, I noted that MDAs and LGs are still experiencing challenges in implementing the budgets approved by parliament and policy guidance's issued by PS/ST, which has continued to affect the performance and credibility of the budget negatively. These challenges include; lack of strategic plans that are aligned to the National Development Plans, underperformance of revenue, implementation of off-budget activities, under absorption of funds, insufficient quantification of outputs, partial and non-implementation of outputs, diversion of funds and challenges in budget monitoring and reporting of performance. I am aware that the Covid-19 Pandemic continues to significantly affect the implementation of several activities. Consequently, a number of activities were not implemented due to budget cuts and lockdown measures instituted to control the spread of the pandemic. It is against this background that the implementation of the budget was again considered a key audit area during the office-wide planning for the current audit year. The Government of Uganda signed an agreement dated 24th June, 2016 with the World Bank through the International Development Association (IDA) for the funding of the Uganda Skills Development Project (USDP). The Project of Education and Sports is implementing three (3) components of the project with a total funding of USD.78.2 million as listed below; * Component 1: Institutionalizing systemic reforms in skills development; * Component 2: Improving quality and relevance of skills development and * Component 3: Project Management, Monitoring and Evaluation. Paragraph 97 (a) (ii) of the USDP Project Operations Manual (POM) 2016, requires the project management to ensure financial and physical implementation progress of the USDP attuned to the approved annual implementation and procurement plans and budget including agreed targets and implementing appropriate mitigation measures in case there are operational and other issues hindering a satisfactory implementation progress and significantly negatively deviating from the agreed intermediate and final targets. To achieve this mandate, USDP planned to implement both recurrent and development activities. A review of the Project's work plan and budgets revealed that the Project had an approved budget of UGX.58.8Bn, of which UGX.46.6Bn was released. The table below shows a summary of the key deliverables of the Project for the financial year 2020/21. Table showing the expected key deliverables for the USDP for the year AmountSpent( Cumulative percentage No. Key deliverables UGX) Bn of Actual expenditure 1 Employee Costs 3.7 4.9% 2 Consultancy Short term 0.14 5% 3 Consultancy Long term 7.7 15% 5 4 Machinery & Equipment _ 3.4 19.7% 5 Non-residential Buildings 58.1 96.4% 6 Monitoring & supervision 0.7 97.3% 7 Travel Inland 1.2 98.9% 10 Maintenance & Fuels 0.12 99% 11 Office Operations 0.75 100% | Total 75.8 , The Project planned to achieve its deliverables through implementation of four (4) outputs with a budget of UGX 58.8Bn. I reviewed all the four (4) outputs worth UGX.58.8Bn, representing 100% of the total approved budget as summarised in the table below; Table showing planned and sampled outputs Total Number Number of Total budget of Actual % budget allocation of of Outputs outputs the sampled expenditure of the sampled outputs in sampled outputs (UGX) sampled output - relation to net budget UGX 4 4 58.8Bn 47.6Bn 100% From the procedures undertaken, I noted the following; No Observation Recommendation 1.1 Implementation of the Project Strategic Objectives USDP has a financing agreement with the World Bank and I advised the Accounting GOU which sets out both the long term and short term Officer to expedite the objectives to be achieved during the duration of the execution of the project work Project. The objectives of the project include the plan so as to achieve all the following; project goals and activities in * Institutionalizing Systemic Reforms in Skills the one year project Development (Component 1) extension. * Improving Quality and Relevance of Skills Development (Component2) This being the last year of implementation of the Project work plan, I undertook an assessment of the achievement of the Project's Objectives/strategic goals. * I noted that at the close of the financial year 2020/2021, out of the two (2) planned strategic targets/objectives, one objective/goal (Institutionalizing Systemic Reforms in Skills Development-Componentl) had been achieved, while the other objective(Improving Quality and Relevance of Skills Development (Component2) was partially achieved. I further noted that Two(2) of the Four(4) 6 indicators under objective No. 2 that was partially implemented (Improving quality and relevance of skills development) remained unimplemented) and these include; * Increased number of new intakes in the targeted training programs; * Proportion of entrants who completed targeted "short courses". Details are as shown in appendix 1 The Accounting Officer explained that the Ministry had come up with a number of strategies to ensure that all the indicators are fast tracked and achieved within the remaining project period. 1.2 Revenue Performance Performance of World Bank Revenue I reviewed the World Bank Project estimates for the I advised the Accounting financial year 2020/2021 and noted that out of the Officer to ensure efficient and budgeted amount of UGX.58.82Bn for the financial year effective implementation of 2020/2021, a sum of UGX.46.53Bn was received procurement processes to indicating performance of 79% of the target. minimize further delays. The Accounting Officer attributed the underperformance to prolonged procurement processes. She further explained that revenue performance was expected to greatly improve since procurements for major deliverables (Civil Works and Equipment) had been concluded and contracts signed with providers and that focus was now on implementation of signed contracts. Performance of GoU receipts The project budgeted to receive UGX.1.25Bn, of which I advised the Accounting UGX.1.07Bn was warranted, resulting in a shortfall of Officer to follow-up the UGX. 0.18 Bn which is 14.4% of the budget. funding requirements with the MoFPED in the Revenue shortfalls affect the implementation of planned subsequent period. activities. The Accounting Officer responded that shortfalls in GOU receipts were largely due to budget cuts occasioned by C)VID-19 where by GOU releases by the Ministry of Finance turned out to be less than projected. 7 1.3 Absorption of funds Out of the total warrants of UGX.46.6Bn received during I advised the Accounting the financial year. UGX.75.8Bn was spent by the entity Officer to design strategies resulting in an excess of UGX.29.2Bn representing an that will improve performance absorption level of 163%. since carry forward cash is an indicator of poor performance RELEASE Expenditure Excess % absorption in the prior financial year. (UGX B3n) (UGX Bn) (UGX Bn) _(A _ (B) _(_B -C) 46.6 75.8 29.2 |163 The Accounting Officer explained that over absorption was attributed to cash balances that were brought forward from the previous financial year since projects do not return funds to treasury. 1.5 Quantification of OutPuts/Activities Section 13 (15, b) of the PFMA 2015 states that a policy I commended management statement submitted by a vote shall contain the annual for ensuring the and three months' work plans, outputs, targets and quantification of all performance indicators of the work plans. Regulation 11 outputs/activities. (3) of the PFMR 2016 requires that a vote prepares a work plan that indicates the outputs of the vote for the financial year; the indicators to be used to gauge the performance of the outputs and funds allocated to each activity. To assess the performance of an output, all activities supporting the output must be quantified. I reviewed the extent of quantification of outputs and activities for all the Four (4) outputs with a total of thirty one (31) activities and expenditure of UGX.39.8Bn and noted Lhai all the 4 out puts and their activiLies were fully quantified. The Accounting Officer took note of the commendation. 1.6 Implementation of Quantified Outputs I assessed the implementation of four (4) out puts that I advised the Accounting were fully quantified with a total of thirty-one (31) Officer to ensure that outputs activities worth UGX 38.7Bn and noted that: are implemented as planned to enable management to * One (1) output with Twenty-seven (27) activities and catch up with the project expenditure worth UGX.16.6Bn was fully timelines, in the subsequent .implemented. period. * One (1) output with two (2) activities worth UGX.22.lBn was partially implemented. Both activities were partially implemented. * Two (2) outputs with two (2) activities worth UGX.11.8Bn were not implemented. That is both 8 activities were not implemented at all. Non-implementation of planned activities implies that the expected services to the beneficiary communities were not attained. For example, the project did not implement the following planned activities. 1. Training and capacity building of BTVET Institutions 2. Purchase of specialized machinery and equipment Details in Appendix 2 The Accounting Officer attributed this to the COVID -19 restrictions that led to closure of training institutions and international travel restrictions and slowdown in manufacturing activity. Other Matters I consider it necessary to communicate the following matters other than those presented or disclosed in the financial statements. * Delayed Signing of Contract for Supply of Motor Vehicles Section 13(4) of the PPDA Regulations 2014 stipulates that a procuring and disposing entity shall award the contract to the next best evaluated bidder if the original best evaluated bidder refuses to sign a contract without due cause. Section 52 of the PPDA Regulations 2014 further stipulates that a bid shall only remain valid until the close of business on the last day of the validity period. During the review, I noted that the best evaluated bidder notice was issued to M/S. Joh Achelis & Sohone for the supply of a Spray track for UTC Lira under Lot 2 under procurement Ref. - MOES/SUPLS/2019-2020/00193 at Euros 205,200 following the contracts committee's approval on 23,d/02/2021. A review of the contract revealed that the contract with M/S Joh Achells & Sohone had not been sIgned. The delay in contract signing results into ultimate delay in provision of required services. The Accounting officer explained that the delay in signing the contract was a result of the supplier's unwillingness to sign the contract with adjusted payment conditions from the ones in the original bidding document. She further explained that the adjustment had been done in compliance with Bank of Uganda's guidance on the requirements for Letter of Credit. She indicated that the project further engaged Bank of Uganda on the matter and the revised contract is before the Solicitor General for clearance. I advised the Accounting Office to ensure that the process of contract signing is expedited to ensure that the motor vehicles are delivered to serve their intended purpose. 9 Delayed Installation and testing of Equipment: USD. 8,304,848 A review of the procurement records revealed that management signed contracts for delivery and installation of equipment at various Colleges on the 30th/07/2020 under Procurement reference MOES/SUPLS/2018-2019/00234/C1439 for USD. 8,304,848 and letters of credit to the service providers in respect to the supplies were processed. A review of the procurement files and contract management reports revealed that the suppliers had not fully installed and tested the delivered equipment by the time of reporting- 24/11/2021 as shown by the implementation status below; Contrac Amount Cumulative Description to Contracn te Signatur LCs in US$ Original Extension Implementation e date as at 17th End date date Status Name d(USD) May 2021 Procure, supply and delivery of DE Delivered but workshopa d LORENZ $2,999,122 30-Jul-20 $2,699,209.47 30/12/202 30/12/2021 Installation and other facilities' 0 testing not yet done equipment for O UTC- Bushenyi Procure , supply and Deliver of Delivered but workshops and VENEFIR $3,460,742 30-Jul-20 $3,114,667.42 30/12/202 31/08/2021 Installation and other facilities' SRL 0 testing not yet done equipment for UTC- Elgon Procure, supply and Deliver of Eagle Delivered but workshop ad Scientific $1,844,984 30-Jul-20 $1,660,485.85 30/12/202 30/12/2021 Installation and other facilities' 0 testing not yet done equipment for UTC- Lira TOTAL 8,304,848 7,474,362 Delayed implementation of planned activities implies that the expected services to the beneficiary colleges were not attained. The Accounting Officer explained that the delayed completion of Civil Works at the sites has affected testing and installation of the cargo delivered. I advised the Accounting Officer to expedite the civil works at the colleges so that testing and installation of the equipment can be done. * Status of Implementation of Furniture Supplies and Civil Works * Supply of furniture During the review, I noted that the Ministry signed contracts for furniture supply with four firms on the 14th of May 2021 and that deliveries were expected between 27th August and 30th November. However, it was noted that three of the four suppliers whose contract completion dates were between 22nd October and 30th November had not delivered by 30th November with actual deliveries ranging from 7%- 85%. Appendix 3 refers. 10 * Slow progress and other anomalies with Construction Projects (Civil works) During the period under review (2020/2021), the project had 20 ongoing construction projects worth UGX.69,839,227,393 at various colleges and Vocational Training Institutes (VTIs). A review of the Implementation Progress reports and physical inspections carried out on a sample basis at the end of November 2021 revealed the following anomalies: i) All the 15 ongoing contracts had delayed to perform with delays ranging from 1-7 months. However, only 5 had completed as at the time of verification (30th November 2021). Appendix 4 refers. ii) A contract for Civil works at UTC Bushenyi worth UGX. 8,321,753,166 failed to perform within the agreed period ending on the 4th of August 2021. The Ministry terminated the contract and the Performance Guarantee worth UGX 981,966,874 cashed on 06-Sep-2021. However, I noted that whereas the contractor vacated the site on the 28th of Oct 2021, adjudication proceedings were still being handled by Attorney General. There is a risk that this process may stall the Project. Appendix 4 refers. iii) The contract for civil works at Nyamitanga worth UGX. 1,937,164,680 expired on 5th May 2021 before the Ministry could recover a sum of UGX. 147,732,492 from the advance made to the contractor. There is a risk that the unrecovered amount may be lost. Appendix 4 refers. iv) A Contract for construction at Karera Technical Institute worth UGX. 1,910,490,026 had unrecovered advance of UGX. 305,847,737. However, as the Ministry was in the process of cashing the Advance Payment Guarantee of UGX. 225,437,823 from Centenary bank on the 6th of September 2021, the Contractor secured interim court injunction halting cashing of guarantees on 08-Sep-2021. From the above analysis, it is clear that there will be delayed achievement of the project strategic objectives of enhancing the capacity of Institutions to deliver high quality demand-driven training courses in agriculture, construction and manufacturing sectors. The Accounting Officer attributed the delays in the supply of furniture and civil works to the June- July, 2021 lockdown due to COVID-19 and Low deployment of resources by contractors which led to stagnated works. She indicated that the contractors were offered time extensions through issuing variation orders and that the Ministry had also applied sanctions to each of the concerned Contractors. I advised the Accounting Officer to implement strategies that will ensure that challenges with ongoing civil works are resolved as fast as possible to minimize the project costs and to achieve the project intended objectives. 11 Other Information The Accounting Officer of the project is responsible for the other information. The other information comprises the statement of responsibilities of the Accounting Officer and the commentaries by the Head of Accounts and the Accounting Officer, and other supplementary information. The other information does not include the financial statements and my auditors' report thereon. My opinion on the financial statements does not cover the other information and I do not express an audit opinion or any form of assurance conclusion thereon. In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially consistent with the financial statements or my knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work I have performed, I conclude that there is a material misstatement of this other information; I am required to report that fact. I have nothing to report in this regard. Management Responsibilities for the Financial Statements Under Article 164 of the Constitution of the Republic of Uganda, 1995 (as amended) and Section 45 of the Public Finance Management Act, 2015, the Accounting Officer is accountable to Parliament for the funds and resources of the project. The Accounting Officer is also responsible for the preparation of financial statements in accordance with the requirements of the Public Finance Management Act, 2015 and for such internal control as management determines necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or error. In preparing the financial statements, the Accounting Officer is responsible for assessing the project's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the Accounting Officer has a realistic alternative to the contrary. The Accounting Officer is responsible for overseeing the project's financial reporting process. Auditor's Responsibilities for the Audit of the Financial Statements My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error and to issue an auditor's report that includes my opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISSAIs will always detect a material misstatement, when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users, taken on the basis of these financial statements. As part of an audit in accordance with ISSAIs, I exercise professional judgement and maintain professional scepticism throughout the audit. I also; 12 * Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Authority's internal control. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management. * Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Authority's ability to continue as a going concern. If I conclude that a material uncertainty exists, I am required to draw attention in my auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify my opinion. My conclusions are based on the audit evidence obtained up to the date of my auditor's report. However, future events or conditions may cause the Authority to cease to continue as a going concern. * Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. I communicate with the Accounting Officer regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit. I also provide the Accounting Officer with a statement that I have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on my independence, and where applicable, related safeguards. From the matters communicated with the Accounting Officer, I determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. I describe these matters in my auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, I determine that a matter should not be communicated in my report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Other Reportinc Responsibilities In accordance with Section 19 (1) of the National Audit Act, 2008, I report to you, based on my work described on the audit of Financial Statements, that; except for the matters raised in compliance with legislation section below, and whose effect has been considered in forming my opinion on financial statements, the activities, financial transactions and information reflected in the financial statements that have come to my notice during the audit, are in all material respects, in compliance with the authorities which govern them. 13 Report on the Audit of Compliance with Legislation In accordance with Section 13 of the NAA 2008, I have a responsibility to report material findings on the compliance of the Institute with specific matters in key legislations. I performed procedures primarily to identify findings but not to gather evidence to express assurance. I have determined that there are no material findings in respect of the compliance criteria for the applicable subject matters to communicate in my report. John F.S. 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С . l0 К GOVERNMENT OF THE REPUBLIC OF UGANDA Ministry of education and Sports Reports and Financial Statements for the Year Ended 30 June 2021 Foi- The Uganda Sldfls Development Project INTERNATIONAL DEVELOPMENT ASSOCIATION (Credit no: 5612-UG) Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca don and Sports - USDP Project Table of Contents Statement of Responsibilities of the Accounting Officer 2 Com m entary on he Financial Statem ents by the A ccounting O fficer .................................................................................................3 Com m entary on the Financial Statem ents by the H ead of Accounts...................................................................................................8 Statem ent of Financial Perform ance........................................................................................................................................................11 Statem ent of Financial Position................................................................................................................................................................... 12 Statem ent of Changes in Equity (N et W orth) ............................................................................................................................... . .12 Cash flow Statem ent for the year ended [D irect M ethod]................................................................................................................. 13 Statem ent of Appropriation A ccount [Based O n Services Voted].......................................................................................................15 Statem ent of Appropriation A ccount [based on nature of expenditure]x.p.n...i..........................................................................16 Reconciliation between total expenditure per Appropriation Accounts and per Statement of Financial Performance...........17 N otes to the Financial Statem ents ..............................................................................................................................................................18 Accounting Policies................................................................................................................................................................................. 18 O ther N otes to the Financial Statm ent.......................................................................................................................... .........._22 Statem ent of Perform ance...................................................................................................................................................................... 32 Statem ent of Revenues collected during the year.......................................................... ............ ...................................................... 33 Statem ent of A rrears of Revenues [Based on source of revenue] ................................................................................................. 34 Statem ent of contingent liabilities and guarantees.............................................................................................................................35 Statem ent of non-quantifiable contingent liabilities.......................................................................................................................... 36 Statem ent of O utstanding Com m itm ents..................................................................................... .....................................................37 Statement of losses of public money and stores written off, and claims abandoned during the year ....................................38 Statement of reported losses of public moneys, stores and other assets whether or not written off during the year.........39 Sum m ary statem ent of stores and other assets (physical assets) as at the end of the year........................................................40 Schedule of Letters of Credit................................................................................................................................................................ 40 Schedule of Project Balances................................................................................................................................................................. 42 A nnexes to the Financial Statem ents ..................................................................................................................................................43 A nnex (i): Pension Payroll ............................................................................................................................................................. 43 A nnex (iii): Trial Balance.................................................................................................................................................................. 43 Annex (iv): Bank Reconciliations and list of all bank a counts................................................................................................ 43 Annex (V): Schedule of V erified Arrears......................................................................................................................................43 Annex (vi):Sum m ary Staff Payroll..................................................................................................................................................43 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Statement of Responsibilities of the Accounting Officer The financial statements set out on pages ... 10... to ...42... have been prepared in compliance with the provisions of the Public Finance Management Act, 2015 (the Act) and the generally accepted accounting principles for the public sector. They have been prepared on the modified accrual basis of accounting where revenue is recognised when earned with the exception of taxes and grants which are recognised when received. Expenditure on the other hand is recognised when incurred as further detailed in the accounting policies attached to these financial statements. In accordance with the provisions of Section 45 and Schedule 5 of the Public Finance Management Act, 2015, I am responsible for and personally accountable to Parliament for the activities of the vote to which T am the accounting officer. Further, I am responsible for the regularity and proper use of the funds appropriated to the vote to which I am the Accounting Officer. I am also responsible for authorizing any commitments made by the vote and for controlling resources received, held or disposed of by or on account of the vote. Finally, I am responsible for putting in place effective systems of risk management and internal control in respect to all resources and transactions of the vote. Section 45 (3) of the Act require the Accounting Officer to enter into an annual budget performance contract with the Secretary to the Treasury which shall bind the Accounting Officer to deliver on the activities in the work plan of the vote for a financial year. Sections 50 and 51 of the Act require me to prepare and submit financial statements of my vote to the Accountant General for consolidation and to the Auditor General for audit within the specified timelines using the prescribed formats. Accordingly, I am pleased to report that I have complied with these provisions in all material respects and I am also pleased to submit the required financial statements in compliance with the Act. I have provided, and will continue to provide all the information and explanations as maybe required in connection with these financial statements. To the best of my knowledge and belief, these financial statements agree with the books of account, which have been properly kept. I accept responsibility for the integrity and objectivity of these financial statements, the financial information they contain and iheir cmnpliance widl[ t- I Lh( Finiincc Management Act, 2015 as amended, signed . . . . .. . . . . . . . . . . . . . KETTY LAMARO 8ccount! Officer . .i . . . . . . . . . . . . Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of Education and Sports - USDP Project Commentary on the Financial Statements by the Accounting Officer General Information about the Reporting Entity Please provide the following information within a maximum of a thrcc (3) page commentaryl Principal Activity of the Vote The Ministry of Education and Sports (MES), is a cabinet-level ministry of Uganda. It is mandated to provide technical support, guide, coordinate, regulate and promote quality education, training and sports to all persons in Uganda for national intcgration, development and individual advancement", according to the website of the ministry. The Ministry operates autonomously as Vote Number 013. Key Performance highlights Summary Physical Performance for the FY 2020/2021 component Ph ysicAl Performance Component 1: a) Support the Development of FoundationT of TVET Council Institutionalizing i. Two dissemination workshops for the TVET Policy, Policy Guidelines and Standards were Systematic Reforms held in Northern Uganda and Eastern Uganda. in Skills Development b) Establish Sector Skills Councils i. 3 Sector Skills Councils for Agriculture Construction and Manufacturing were instituted. ii. 39 members of the Sector Skills Councils were trained by the Twinning Institutions on leadership skills and occupational standards profiling and development. iii. 3-year Work Plan and Budget for the 3 Councils were put in place. iv. MoES restructired the working structure of the Councils. The Councils are now being supervised by the TVET Department since their roles and responsibilities extend beyond the USDP project. v. Signed contract on 5"' May 2021 with SFERE of France to undertake a Capacity Skills Needs Assessment of the Manufacturing Sector of Uganda. vi. Signed contract on 21" June 2021 with Makerere University Regional Centre for Crop Improvement (MaRCCI) for Capacity Skills Needs Assessment of the Agriculture Sector of Uganda. vii. TVET PIWG Secretariat comprised of 4 staff was appointed in December 2020 and assumed duty on 4th January 2021. viii. One year Work Plan for TPIS developed and approved by the TVET PIWG. c) Support UBTEB and DIT to Align and Strengthen Assessment System i. Consultancy services to undertake a Diagnostic study of the TVET Assessment bodies in Uganda: Technical and Financial proposal were received from SFERE/AFPA in February 2021. Negotiation was conducted and the proposal sum was agreed at £ 358,058 (WHT of 15% inclusive but exclusive of 18% VAT). However, the negotiated contract remained higher than the budget. Due to the high cost of the proposal, the PCU has been guided by the MoES management to reduce the scope of work from four TVET assessment bodies to two as was originally planned and to fit the available budget. d) Design, Develop and Operationalize TVET MIS i. TVET MIS was tested and go live was achieved by 31" December 2020. ii. By January 2021, a total of 112 users were trained on the TVET MI; these trained include 75 End users and ToTs, 30 system administrators and 7 top management. iii. Functional and Operational BTVET MIS and Institution-based MIS is in place and being populated with data from the Institutions. e) Develop & Operationalise a Communication, Marketing and Rebranding Strategy for TVET in Uganda 31 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and S orts - USDP Project Componeni Physical Performance Component 2: (1) Establishment of 4 Centres of Excellence Improving the Quality and a) Occupational Standards and Competence -Based Training Curricula Relevance of Skills b) Improving Institutional Capacity i. 576 people were trained in different disciplines by Dalhousie University (the twinning institution) for Bukalasa Agricultural College; 38 instructors were trained from offshore. ii. 488 people were trained in different disciplines by SFERE/ALPA (Twinning Institutions for UTC Bushenyi). The disciplines included CoES understanding, CBT training, financing and accounting, management training, short course development and ICT training. c) Equipment, Vehicles and Furniture Supply NVirkhop and LabtMQt ipiy Lujni C. ( P[ISLTT1;blCS. i. UTC Bushenyi: Contract signed on 30-Jul-2020 with De Lorenzo S.p.A. 85% of consignment was at Nakawa ICD and the last 15% consignment was at Mombasa Port. ii. UTC Lira, Kalongo TI, Ora TI: Contract signed on 30-Jul-2020 with Eagle Scientific Ltd. Equipment already in Kampala. Pending clearances from MoWT before delivery to beneficiary institutions. iii. UTC Elgon, Kafiro TI, Butaleja TI, Kasodo TI: Contract signed on 30-Jul-2020 with Venefir S.r.L. 1a batch of equipment delivered at UTC Elgon and the VTIs on 30th April 2021 while the 21d batch was delivered at the institutions on 21st June 2021. Remaining two batches at Mombasa Port and Malaba. Clearance expected by 30th June 2021. iv. Karera TI (Lot 1): Contract signed on 09-Feb-2021 with Unique Integrated Systems Ltd. All tools delivered to Supplier's warehouse in Namugongo. Consignment of specialised equipment expected at Mombasa Port by 30th June 2021. v. Nyamitangt TI (Lot 2): Contract signed on 09-Feb-2021 with Unique Integrated Systems Ltd. All tools delivered to Supplier's warehouse in Namugongo. Consignment of specialised equipment expected at Mombasa Port by 30th June 2021. vi. Lake Katwe TI (Lot 3): Contract signed on 09-Feb-2021 with Unique Integrated Systems Ltd. All tools delivered to Supplier's warehouse in Namugongo. Consignment of specialised equipment expected at Mombasa Port by 30th June 2021. Vehicles: i. UTC idra (Lt 1): Excavator (1 No.); Motor Grader (1 No.); Vibrating Roller (1 No.); Wheel Loader (1 No.) - Contract signed on 21-May-2021 with Victoria Equipment Ltd. Clearance and registration of vehicles at URA in progress. 11. Bukalasa AC (Lot 3): Tractor with Implements (1 No.) - Contract signed on 19-Apr-2021 with Engineering Solutions (U) Ltd. Pre-inspection of equipment by MoWT in progress. Ii. Bitkalasa AC (Lot 4): Walk-Behind Tractor with Implements (1 No.) - Contract signed on 28-Apr-2021 with Achelis (U) Ltd. Pre-inspection of equipment by MoWT in progress. iv. Bukalasa AC, Ssese F, Nyarita_. TI, Pventanga FI, UTC Bushenyi, Kaberamaido TI, Kalongo TI, Kitgum TI, Ora TI (Lot 7): 30-Seater Vans (9 No.) - Contract signed on 26-May-2021 with Motorcare (U) Ltd. Pre-inspection of vehicles by MoWT affected by COVID-19 lockdown. V. UTC Lira, UTC Elgon, Bukalasa AC, Nyamitanga TI, Karera I, Lake Katwo TI (Lot 8): 16-Seater Van (1 No.); Pick-Ups Double Cabin (7 No.) - Contract signed on 26-May-2021 with Motorcare (U) Ltd. Pre-inspection of vehicles by MoWT affected by COVID-19 lockdown. Furniture: 1. Lot 1 - UTC Lira, Kalongo TI, Ora TI: Contract signed on 14-May-2021 with Lunko Enterprises Ltd. Samples being submitted for approval prior to mass production. 11. Lot 2 - UTC Elgon, Kalro TI, Butaleja TI, Kasodo TI: Contract signed on 14-May-2021 with Dezy Business Systems Ltd. Samples being submitted for approval prior to mass Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 june 2021 Ministry of Education and S orts - USDP Project Componen Physicil Performance iii. Lot 3 - BukalasaAC, Kaberamaido TI, Poventan ga FI, Ssese FI: Contract signed on 14-May-2021 with Nahia Holdings East Africa Ltd. Samples being submitted for approval prior to mass production. iW. Lot 4 - UTC Bushenyi, Nyamitanga TI, Karera TI, Lake Kathe TI: Contract signed on 14-May- 2021 with Victoria Furnitures Ltd. Samples being submitted for approval prior to mass production. d) Civil Works i. UTC Bushenyi - Lot 1 (Prism Construction Company Ltd): Changed from 3% physical progress as of 30th June 2020 to 60% progress against 94% lapsed time as of 30th June 2021. ii. UTC Bushenyi- Lot 2 (Sarick Construction Ltd): Changed from 6% physical progress as of 30th June 2020 to 75% progress against 89% lapsed time as of 30th June 2021. iii. Nyamitanga TI - Lot 3 (Synergy Enterprises Ltd): Changed from 18% physical progress as of 30'h June 2020 to 55% progress against 112% lapsed time as of 30th June 2021. iv. Karera TI - Lot 4 (Zimu Construction Company Ltd): Changed from 13% physical progress as of 30th June 2020 to 75% progress against 101% lapsed time as of 30"' June 2021. Being charged Liquidated Damages. V. Lake Katwe TI - Lot 5 (Newton Technical Services Ltd): Changed from 1% physical progress as of 301h June 2020 to 100% progress as of 30th June 2021. Works completed on 5th May 2021. vi. Bukalasa AC- Lot 1 (Vambeco Enterprises Ltd): Changed from 12% physical progress as of 30th June 2020 to 90% progress against 95% lapsed time as of 30tht June 2021. vii. Bukalasa AC - Lot 2 (King Albert Constructions Ltd): Changed from 3% physical progress as of 30th June 2020 to 80% progress against 86% lapsed time as of 30th June 2021. viii. Kaberamaido TI - Lot 3 (Rohi Services Ltd): Changed from 10% physical progress as of 30th June 2020 to 98% progress against 104% lapsed time as of 30th June 2021. ix. Rentanga FI- Lot4 (Rayna (U) Ltd): Changed from 7% physical progress as of 30th June 2020 to 710% progress against 86% lapsed time as of 30th June 2021. X. Ssese FI- Lot 4 (BMK (U) Ltd): Changed from 4% physical progress as of 30th June 2020 to 90% progress against 103% lapsed time as of 30th June 2021. xi. UTCLira - Lot 1: Contract signed on 10th February 2021 with Ambitious Construction Company Ltd. Site handed over to Contractor on 20th February 2021 for commencement of works. Physical progress at 43% against 48% lapsed time as of 30tl1 June 2021. xii. UTC Lira - Lot 2: Contract signed on 10th February 2021 with Egiss Engineering Contractors Ltd. Site handed over to Contractor on 20th February 2021 for commencement of works. Physical progress at 37% against 48% lapsed time as of 30th June 2021. xiii. Kalongo TI- Lot3: Contract signed on 10t February 2021 with Rayna (U) Ltd. Site handed over to Contractor on 18th February 2021 for commencement of works. Physical progress at 37% against 73% lapsed time as of 30"' June 2021. xiv. Ora TI - Lot 4: Contract signed on 10th February 2021 with Roja (U) Ltd. Site handed over to Contractor on 17th February 2021 for commencement of works. Physical progress at 60% against 74% lapsed time as of 30th June 2021. xv. Kitgumv TI - Lot 4: Contract signed on 11t" February 2021 with Busenvi Enterprises Ltd. Site handed over to Contractor on 18th February 2021 for commencement of works. Physical progress at 37% against 73% lapsed time as of 30th June 2021. xvi. UTC Elgon - Lot 1: Contract signed on 25t11 May 2021 with Vambeco Enterprises Ltd. Site hand over to Contractor scheduled on 8th July 2021 for commencement of works. xvii. UTC Egon - Lot 2: Contract signed on 25th May 2021 with Excel Construction Ltd. Site hand over to Contractor scheduled on 8th July 2021 for commencement of works. xviii. Kaliro TI - Lot 3: Contract signed on 25th May 2021 with Ambitious Construction Company Ltd. Site hand over to Contractor scheduled on 9th July 2021 for commencement of works. xix. Butaleja TI - Lot 4: Contract signed on 25th May 2021 with Bobedie Construction Services Ltd. Site hand over to Contractor scheduled on 8th July 2021 for commencement of works. xx. Kasodo TI- Lot 5: Contract signed on 5th June 2021 with Dolphins Consulting Engineers & Contractors Ltd. Site hand over to Contractor scheduled on 9th July 2021 for commencement of works. 5T -~- Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Component Physical Performance (2) Twinning Arrangements for Establishment of Centres of Excellence and VTIs i. UTC Bushenyi Cluster - Sfere/ AFPA/Mamza Consulting: 83% (10/12) deliverables completed including Inception Report; Internationally certified CBT curricular in selected trades; Guidance for design of workshops/laboratories; Lists and specifications for equipment; Types and quantities of consumables; CBT Assessment System; Institutional Development Plans; Strategic and Operational Plans and Budgets; Industrial liaison and student placement; Short customised courses. ii. Bukalasa AC Chuster - Dalhousie University Canada: 83% (10/12) deliverables completed including Inception Report; Internationally certified CBT curricular in selected trades; Guidance for design of workshops/laboratories; Lists and specifications for equipment; Types and quantities of consumables; CBT Assessment System; Institutional Development Plans; Strategic and Operational Plans and Budgets; Industrial liaison and student placement; Short customised courses. iii. UTC Lira Cluster - Northern Alberta Institute of Technology (NAIT) Canada: 66% (8/12) deliverables completed including Inception Report; Internationally certified CBT curricular in selected trades; Guidance for design of workshops/laboratories; Lists and specifications for equipment; Types and quantities of consumables; CBT Assessment System; Institutional Development Plans; Strategic and Operational Plans and Budgets. iv. UTC Elgon Cluster - Northern Alberta Institute of Technology (NAIT) Canada: 66% (8/12) deliverables completed including Inception Report; Internationally certified CBT curricular in selected trades; Guidance for design of workshops/laboratories; Lists and specifications for equipment; Types and quantities of consumables; CBT Assessment System; Institutional Development Plans; Strategic and Operational Plans and Budgets Component 4 i. Supported two (2) World Bank Implementation Support Missions conducted jointly by Project Government of Uganda, in December 2020 and May 2021. Management, ii. Undertook monthly civil works supervision and monitoring. Monitoring and iii. Hired three (3) Short-Term Consultants (2 Social and 1 Environmental) to support monthly Evaluation safeguards supervision and monitoring, and they commenced work effective 1 October J _2020. Risk Management Practice and Internal Control The vote maintained a system of internal control through: i) Senior Management who are accountable for all risk assumed under their respective areas of responsibilies as well as cotrols to address those risk ii) Monitoring and evaluation team which is charged monitoring of risk management and control activities to ensure compliance with policies and regulations iii) Internal audit function whuch provide independent assurance on the adequacy and reliability of all risk management, control and governance process in the Ministry. iv) The audit committee of the education and social services sector oversees the Ministry operation of governance, risk management and control process. The committee also oversees the operations of the Ministry internal audit fuction. The Ministry organizes and hold quarterly finance committee meetings to allocate funds and review quarterly departmental performance. At the USDP Project Coordination Unit, Risk Management and Internal Control are enchoed through the Project leadrship at including the Project Coordinator, M& E Specialist, Financial Management Specialist and other staff. PCU Staff are are guided by a number documents including the Financing Agreement (and amendments therefore of), Project Appraisal Document, Project Disbursement Letter, The Public Finance Management Act 2015, Teasury Instructions, among others. Comment on the Payroll for both salary and Pensions The USDP project payroll is processed independent of the Ministry of Public Service. Monthly payroll is originated and approval is sought through the Human Resources Department of the Ministry, after which net payments to individuals and statutory deductions are remitted to relevant authorities. Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Action on Parliamentary Recommendations Provide high level summary report of actions taken on the recommendations of Parliament based on the reports of the Auditor General Annex report on action taken on recommendations of Parliament based on reports of the Auditor General. Listed below are some of the OAG recommendations in the report for the financial year 20219/20 1. Under absorption of USDP Project Funds. By 30 June 2020, The Auditor General noted that cumulatively, US$15.9 million had been absorbed out of the allocated US$78.2 million. As at 30 June 2021, this position improved to US$36.1 million out of the revised allocation of US$77.5 million. 2. Slow progress of Construction Progress. By 30 June 2020, ten (10) Civil Works contracts (out of twenty (20) contracts) had been signed. These were for Bushenyi and Bukalasa Clusters. Lira and Elgon clusters were still under procurement. As at 30 2021, Civil Works contracts for Lira and Elgon clusters had been signed and works ongoing. In addition, three (3) contractors had completed, had handed over the structures to the MoES and Defects Liability Period had started, These are Lake Kat-we, Kaberamaido and Ssese farm Institute. Construction at the remaining 17 sites was at varying degrees of completion and all sites are expected to bc completed before project closure. 3. Failure to execute planned procurements. As noted in (2) above, as at 30 June 2020, a number of project procurements were yet to be concluded including those for Civil Works, Equipment Procurement and consultancies. These were all concluded during the financial year 2020/21 and are currently under implementation. Signed .... .... .. .. .. ... .... .. .... KETIY LAMARO Accounti fice Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca don and Sports - USDP Project Commentary on the Financial Statements by the Head of Accounts Give a maximum of a three-page commentary on financial performance and financial position of the vote covering a trend analysis in comparison to previous year's performance. 1) Commentary on the Income and Expenditure of the vote against budget. IDA Funding GOU Counter part APPROVED UGX 57,570,750,000 1,250,238,000 US$ Equivalent $15,770,000 UGX 46,531,909,494 1,069,738,141 RELEASE US$ Equivalent $12,747,700 % RELEASE 81% 86% UGX _ 44,892,820,430 1,048,092,302 SPENT US$ Equivalent $10,591,731 % SPENT 83% 98% The project realized disbursement/release from the World Bank of US$12,747,700 (equivalent to UGX46,531,909,494), accounting for 81% of the appropriated budget. Out of this release, US$10,591,731 was absorbed, accounting for 83%. Since USDP Inception, the financial performance of the Project is summarised below: Item Description 301h June 2021 Percentage US$ 100,000,000 Credit Amount 77,537,000 (to MoES) _ 78% 22,463,000 (to PSFU) 22% Cumulative Disbursement 45,997,027 (Under MoES) 59% 19,828,842 (Under PSFU) 88% Undisbursed Funds 31,539,973 (Under MoES) 41% 2,634,158 (Under PSFU) 12% Expenditure to 30 June 2021 - (Under MoES) 79% 1 8,227,304 (Under PSFU) 92% Comnitted Funds 55,655,233 (under MoES) 72% 21,800,000 (under PSFU) 97% Original Project Closure Date 31" August 2020 ed Project Closure Date 31" December 2022 2) Comment on the Assets and Liabilities of the vote and mention any significant acquisition or disposal of asset as well as liability incurred or settled during the reporting period. Generally, expenditure is recognized when it is incurred. Qualifying unsettled expenditure is recognised in the Statement of Financial position as payables. Payments of pension to existing retirees are recognized in the statement of financial performance and any arrears on such payments recognised in the statement of financial position. However, the project did not have any outstanding liabilities as at 30 June 2021. 3) Comment on any multiyear commitments and outstanding obligations by year end. Implementation of most project activities is done through contracts signed with providers. Such contracts include those for Twinning Institutions, Civil Works, Supply and delivery of Technical Education Equipment. 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. Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project There were no adjustments in the Statement of Changes in Equity. 5) Departure from accounting principles or practice and justification if any. There were no departures done from accounting principles or practices while preparing the USDP Project financial statements for the year ended 30111 June 2021. 6) a) Any other information that is deemed relevant by the Head of Accounts We would like to present the summary of donor funds movement during the year. This is well illustrated by the Designated Account Activity Statement: Fy eended 30"' June 2021 2020 Notes US$ US$ Opening Balance as at July 01 $17,329,585.21 $7,880,902.75 Add Total TDA Replenishments 3 $12,747,700.00 $20,000,000.00 Total Funds available during the year $30,077,285.21 $27,880,902.75 Less Eligible payments during the year 7,8.9 ($10,591,731.12) ($6,591,531.80) Project Receivables as at 301h June 19 ($9,881,951.46) ($3,959,785.74) Closing Bank Balances as at 30th June $9.603,4Q2.61 17,329,585.21 Reconciled Bank Balances as at 30th June 18 $93603 6Q2.3 $17,329,585.21 b) Commentary on Foreign Exchange rate loss of UGX1,772,169,765/= The project receives donor funds in United States Dollars. Funds flow arrangements under the project require that funds are maintained primarily on the US Dollar Bank Account (ie The Designated Account) except when expenditure designated in local currency is to be paid out. Transitions for both disbursements from donor and donor expenditure during the year are recorded at ruling Bank of Uganda exchange rates and equivalent amounts are reflected in Uganda Shillings. At the reporting date, since the project's reporting currency is in Uganda Shillings, IPSAS 4 requiies that the Designated Account balances are revalued, for the purpose of re-stating the US Dollars into Uganda Shillings, at the closing exchange rate. Project receivables and payables, if any, are also re-stated using the same rate. The cumulative effect of such individual transactions throughout the financial year, plus the revaluations carried out at the close of the financial year are the foreign exchange differences. The resulting exchange rate differences are recognized as a gain or as a loss in the Statement of Income and Expenditure. Project Management revalued the Closing Balance on the Designated Account of US$7,460,813.68 at a closing exchange rate of 3,554.07; giving rise to a foreign exchange loss of UGX1,772,169,765 as detailed below. Translation / Foreign exchange loss Item Amount DA Balance as at 30 June 2021 $7,460,813.68 UGX equiv. before Revaluation 28,288,423,841 UGX equiv. after Revaluation 26,516,254,076 Exchange rate loss on revaluation 1,772,169,765 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca don and Sports - USDP Project The figure of UGX1,772,169,765/ is reflected in the statement of Financial Performance as a foreign exchange loss during the financial year 2020/21. I take full responsibility for the completeness and integrity of these Financial Statements Sign ed .. ... . ...... ... . ............. ... ....... . . .... Kenneth'T. uIgUMy"-i Head of Accounts . . ............... . . D ate .. .... . .... . Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of-Educadon and Sports - USDP Project Statement of Financial Performance [Based on classification of expenditures by nature] Actual Actual Note 30-Jun-21 30-Jun-20 IDA GOU IDA GOU UGX EOC$ UGX UGX E UGX OPERATING REVENUE Tna,e 2.. External Assistance 3 46,531,909,494 $12,747,700 77,866,600,000 520,000,000 Transfers received from Trersu- UCF 4- 1,069,738,141 - 722,331,391 Transfers received from Other 5 Government units Non Tax revenue 6.. Total Operating Revenue 46,531,909,494 $12,747,700 1,069,738,141 77,866,600,000 $20,000,000 722,331,391 OPERATING EXPENSES Employee costs 7 3,690,358,794 $1,021,350 - 2,606,300,729 $700,796 Goods and services consumed 8 12,958,666,727 $3,455,910 1,048,092,302 21,803,376,201 $5,890,736 715,614,028 Coendsption of property, plan 1,639,9,08 $509,304 - Foeignmenge losCi 14 8,72,1,76 3,154,707,37 Subsidies 10. Transfers to other 11 Organisations Social benefits 12.. Other operating expenses 13 Total operating expenses 44,892,820,430 $12,238,596 1,048,092,302 24,409,676,930 $6,591,532 715,614,028 Excess of revenue over expenditure from operating 1,639,089,064 $509,104 21,645,839 53,456,923,070 $13,408,468 6,717,363 activities Foreign exchange loss/Gain 14 1,772,169,765 3,154,707,372 Finance costs 15 Bad debts expense 16 Tmansfers to Treasury 17(a) -- 21,645,839 6,7171363 Excss vernue over . 0322569 ,0,6 cx endit r o ti1- year 1 (133.0801701) $509.104 I$ 032,1,9 13,0,6 . . . . .... . . . . . . .. . . . ... . .... .... . . . . ... . . .. ... ... . . ... .., .. . .... ... . .. . . . . . . . . . . .., . , Kett Larnaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Statement of Financial Position Note a 30-Jun-21 30-Jun-20 IDA GOU IDA GOU (Shsl USS ____J(Ss) (Shs) US$ (Sh.) ASSETS Cash and cash euivalents 18 34,321,319.978 $9,603,603 64,748.368,660 $17.329.585 Receivables 19 44,974,255,583 $12.194,873 - 14,680,287,602 3,959,786 0 Investments 20 - - - - - Investment Properties 21 , Non Produced Assets 22 - - - - - Total Assets _ 79,295,575,561 $21,798,475 - 79,428,656,262 $21,289,371 LIABILITIES Borrowings 23 - - Pavables 24 - - e .osi 25 - - Pension Liability 26 - - Total Liabilities - - - - - Net assets (liabilities) 79,295,575,561 $21,798,475 - 79,428,656.262 $21,289,371 REPRESENTED BY:- Net Worth 79.295.575.561 $21.798.475 - 79.428,656262 $21,289,371 Statement of Changes in Equity (Net Worth) 30-Jun-21 30-Jun-20 Notes IDA GOU IDA GOU (SIs) US$ (Shs) (Shs) US$ (Shs) At 1 July - Net worth Last Year (B/F) 79,428.656.262 321.289,371 - 29.126,440.564 $7,880,903 Less: Transfers to the UCF 17(b) account +/- Balance sheet 27 adjustments . Revaluation reserves Add; Excess of revenue over expenditure for the Year (133.080,701) $509,1 04 - 50,302t215,698 $131408.468 ClosintNet Financial Worth i\ 79.295.575,561 $21,798,475 . 79,428,656,262 $21,289371 Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for (he Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Cash flow Statement for the year ended [Direct Method] 30-Iun-21 30-Jun-20 IDA GOU IDA GOU (Shs) $(Shs) (Shs)US(Shs CASH FLOWS FROM OPERATING ACTIVITIES Revenue from l.'neratisy :taaiuirs (5cc bIiw) 52.661.336.662 $14.394.565 1.069.738.141 77.866.600.000 320,000,000 722,331,391 PAYMENTS FOR OPERATING EXPENSES: I -1iloyc . re* 3.690,358,794 $1,021.350 3,690,358,794 51,021,350 - Goods and services consumed 12,958.666,727 $3,455,910 1,048,092.302 12.958.666.727 53,455,910 715,614,028 Subsidies Transfers to 9ier Orm-tc,n t-I Other ri)pnws _. I-nr I I IsAlwY 13'.g- 1 /ai 1 1,772,169,765 _3,154.706.372 - Net Advances paid 9.487.697.747 $2.596,058 Dam I.-.LL arri-l 1p1a:u111 L.bIHIP ye yer_.. Pension Arrears II l,nii the Year . Losses of cash I star~ a! radii ice,nile, _ 26.535,697,402 87,176,305 TqsI payr 'nc r for operaiing activities 54,444,590,435 $14,249,623 1,048,092,302 19,803.731,893 $4,477,259 715,614,028 Net -asih iras/..intlanws) from -pCt;4un actvites 1,783.253,773 $144,942 21,645,839 58,062,868,107 $15,522,741 6,717,363 CASH FlOWS FROM INVESTING ACTI VITI VS Purchase of IrinpLL . Ilan and sqia.pmn: 28-643,794,909 $7,870,925 - Purchase of e-ri-p-LU-1l assets Proceeds from sale of proltli, 111Mt a-d c-amp1menu- - Pusrlbsse 1anc n Proceeds from sale of investments Net cash iinlws f /(utfllws) from investing arfiOiLWS 28,643,794,909 $7.870,925 - - - CASI] FLOWS FROM FINANCING 1roceed, from external_lnowngp; Repawii-us of external brrnsLW1ngs - Proceeds from other domestic l0Mrrwns tepAypi jtaf firie d i J, r3:l'.M.1)4sTaOiIta ._ Nat cas 11nwr from f1iaia"rin activities - - Nrincrease (dccrease) in cash and cash < nivaem-se (30.427,04&c8r2) ($7,725.983) 21,645,839 58,062,868,107 $15,522,741 6,717,363 Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Cash flow Statement for the year ended (continued) For cash flow purposes ceccpts from revenue compvke 30-Jun-21 30-Jun-20 Notes IDA GOU IDA GOU (Shs) US$ (Shs) (Shs) US$ (Shs) Total Revenue as per Statement of Financial Performance 46.531.909,494 $12,747,700 1.069,738,141 77,866.600,000 $20,000,000 722,331,391 Add : Advances recovered during the year 6.129,427.168 31646.865 : Revenue receivable collected during the Deriod : Deposits received Total Revenue Less: Grants received in Kind Revenue in Kind (Tax waivers) Transfers to Treasury (17R) Revesue Receivable for he reportini period - - - - rotal reenue zkmived for Cish flowtatanttin urposes _______ 52,661,336,662 $14,394,565 1,069,738,141 77,866,600,000 $20,000,000 722,331,391 Reconciliation of movement of cash during the year Notes I 30-Jun-21 _ _ 30-Jun-20 __________ _____IDA GOU IDA GOU (Shs) USS (She) (She) US$ (Shs) At the beginning of the year 64,748,368,660 $17,329,585 . 29.126,440.564 17.880.903 Less: Transfers to the UCF account ( Previous Year Balances) ,17(-b. (6,717.363) Add/ (Less): Adjustments in cash and cash 27 etuivalents - 35.621.928.096 $9,448.682 6.717.363 Net increase (decrease) of cash from the Cash lrow Stareamet (30,427,048,682) (57,725.983) 64748.368.660 $17.329,585 At fhend of theyear 34,321,319,978 $9,603,603 64,748,368,660 $17,329,585 For purposes of the cash flow statement, cash and cash equivalcnts comprise Notes 30-Tun-21 30-un-20 IDA GOU IDA GOU U$(S) U85 (She) (Sha) US (Shs) Cash and cash equivalents 18 34.321.319.978 $9.603,603 64,748,368,660 817,329,585 Cash and ban lalancea 34,321,319,978 $9.603,603 - 64.748,368,660 $17,329,585 Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of Education and Sports - USDP Project Statement of Appropriation Account [Based on Services Voted] Initial Approved Revised Warrants Actual Variance Variance Budget -______- ______ ___________ Approved Revised Warrants Vs 30-Jun-21 Budget 30-Jun-21 30-Jun-21 Budget Vs W a ___________Budget_______ AtulActual Actual 30-Jun-21 30-Jun-21 30-Jun-21 (Shs) (Shs) (Shs) (Shs) (Shs) (Shs) (a) (b) (c) (d) (b-d) (c-d) REVENUE Taxes External Assistance 57,570,750,000 57,570,750,000 45,507,755,376 46,531,909,494 11,038,840,506 1,024,154,118 Transfers received from 1,250,238,000 1,250,238,000 1,069,738,141 1,069,738,141 180,499,859 Treasury- UCF Transfers received from Other Gov't units Non Tax revenue Tota IRieud 5,820,988,600 58,820.988,000 46,577,493,517 47,601,647,635 11,219,340,365 1,024,518 EXPENDITURE - by services voted Employee Costs 3,962,628,300 3,962,628,300 3,085,753,612 3,690,358,794 272,269,506 604,605,182 Consultancy Short term 800,000.000 800,000,000 631,055,660 144,000,000 656,000,000 487,055,660 Consultancy Long term 7,692,808,000 7,692,808,000 6,068.237,387 7,692,808,000 - 1624.570,613 Machinery' 3&1,4.5 Equipment 4,325,000,000 4,325,000,000 3,411,644,657 913,355,343 Non residential 29,595,416,000 29,595,416,000 23,583.821.524 58,137,762,889 28,542,346,889 34,553,941,365 Buildings 581&7762889 Monitoring & 700,000,000 700,000,000 517,832,902 700,000,000 - 182,167,098 Travel Inland 1,191,270,000 1,191,270,000 1,191,270,000 981,.829.891 209.440.109 Travel Abroad 880,430,000 880,430,000 681,394,851 - 880,430,000 681,394,851 Staff Training 7,531,000,000 7,531,000,000 5,913,/80,347- 7,531,000,000 5,913,/80,347 Maintenance & Fuels 639,730,000 639,730,000 515,713,200 115.175.488 524,554,512 400,537,712 Office Operations 1,502,705,700 1,502,705,700 1,186.429.486 751.860.884 750,844,816 434,568,602 Total Expenditure .58,820,988,000 58,820,988,000 46,577,493,517 75,834,880,712 (17,013,892,712) (29,257,387,195) Less: Transfers to 21,645,839 Treasury (17a) - 21,645,839 ReveN i ndirure - ___ (28,.233,233,077) (5,975,052,206) (30,281,541,313) Ketty Lamaro Accounting Officer I7 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Statement of Appropriation Account [based on nature of expenditure] Initial Revised Warrants Actual Variance Variance Approved Approved 30 June 2021 30 June 2021 Revised Warrants Vs Budget Budget Budget Vs Actual 30 June 2021 30 June 2021 Actual 30 June 2021 30 June 2021 (Shs) (Shs) (Shs) (Shs) (Shs) (Shs) (c) (d) (b-d) (c-d) (a) (b) REVENUE Taxes External Assistance 57,570,750,000 57,570,750,000 45,507,755,376 46,531,909,494 11,038,840,506 1,024,154,118 Transfers received from Treasury- 1,250,238,000 1,250,238,000 1,069,738,141 1,069,738,141 180,499,859 UCF Transfers received from Other Government units Non Tax revenue - - -- Total Rovnue 58,820,988,000 58,820,988,000 46,577,493,517 47,601,647,635. 112190;363 -1.024,154,1 EXPENDITURE - by nature of expenditure Employee costs 3,962,628,300 3,962,628,300 3,690,358,794 3,690,358,794 272,269,506 - Goods and services consumed 20,937,943,700 20,937,943,700 15,373,835.640 12,958,666,727 7,979,276,973 2,415,168,913 Consumption of property, plant & 33,920,416,000 33,920,416,000 27,513,299,083 58,137,762,889 2 equipment 24,217,346,889 30,624,463,806 Subsidies Transfers to other Organisations - - - Social benefits - - I Other expenses - GOU 1,048,092,302 1,048,092,302 1,048,092,302 Domestic arrears paid - Finance costs Total Expenditure 58,820,988,000 58,820,988,000 46,577.493,517 75,834,880,712 (1L7,013892,712) .(29,237387,195) Less: Transfers to T[caumry (17a) - - 21,645,839 Net.R nue/Expendlure - - (28,233 33,077) (5,975,O52206)' (30,28341413) Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Reconciliation between total expenditure per Appropriation Accounts and per Statement of Financial Performance Actual Actual 30 June 2021 30 June 2020 (Shs) (Shs) Total expenditure per Appropriation Account 75,834,880,712 25,125,290,958 Add: Letters of credit receivable prior year but delivered diring the year Accrued expenditure Prepayments performed 6,129,427,168 Less: Letters of credit receivable at year-end (26,535,697,402) Domestic Arrears paid Non produced assets for the period Prepayments for the period (9,487,697,747) Total Expenditure per Statement of Financial 45,940,912,732 25,125,290,958 Perfyrmance (Donor & GOU) 45,940,912,732 25,125,290,958 Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of Education and Sports - USDP Project Notes to the Financial Statements Note 1(a): Accounting Policies These are the specific principles, bases, conventions, rules and practices adopted by the Government of the Republic of Uganda in preparing and presenting the financial statements. The principal accounting policies adopted in the preparation of these financial statements are set out below. These policies have been consistently applied in all material aspects unless otherwise stated. (i) General Information As required by Sections 50(1) and 51(1) of the Public Finance Management Act, 2015, each vote shall prepare financial statements and submit a copy to the Accountant General. The Annual Accounts shall be submitted for Audit to the Auditor General. (ii) Reporting Entity The Ministry of Education and Sports is a reporting entity of the Government of the Republic of Uganda and is domiciled in Uganda. The principal address of the entity is: Ministry of Education and Sports Embassy House; King George VI Way, at the corner with Parliament Avenue P.O. Box 7063 Email: IL!crm:iLvi d.' g.u Website: www.education.go.ug (iii) The Consolidated Fund Is the Consolidated Fund as established by the Article 153 of the Constitution of the Republic of Uganda. As provided by Section 30 of the Public Finance Management Act, 2015 (the Act), it is the Fund into which all revenues or other money raised or received for the purpose of the Government shall be paid. Except for receivables into another public fund established for a special purpose (for example the Petroleum Fund) where this is authorized by an Act of Parliament, or where a vote, state enterprise or public corporation shall retain revenue collected or received as authorized through an appropriation by Parliament or is a monetary grant exempted under Section 44 of the ACT. Withdrawals from the Consolidated Fund shall only be done upon the authority of a warrant of expenditure issued by the Minister of Finance to the Accountant General after a grant of credit has been issued to the Minister by the Auditor General in the first instance. The withdrawal can be effected only when: (a) the expenditure has been authorized by an Appropriation Act or a Supplementary Appropriation Act; (b) is a statutory expenditure; (c) for repaying funds received in error by the Consolidated Fund; (d) and for paying sums required for an advance, refund, rebate or drawback that are provided for in this and other Act of Parliament. (iv) Classified expenditures Classified expenditures are included under supply of goods and services in the Statement of Financial Performance, and are audited separately. The funds appropriated for classified expenditure shall only be used for defense and national security purposes. A committee of Parliament comprising the chairpersons of the committees responsible for budget; defense and internal affairs; and another member appointed by the Speaker will be responsible for scrutiny of classified expenditure budget. Government of the Republic of Uganda Finaicial Statements for the Financial Year ended 30 June 2021 MInisty ofEduca tion and Sports - USDP Project (v) Basis of preparation of financial statements The financial statements have been prepared in accordance with the requirements of the Public Finance Management Act, 2015 [the Act] and comply with generally accepted accounting principles. The Financial Statements have been prepared using the modified accrual basis of accounting. The modified accrual basis of accounting recognizes revenue when earned with the exception of revenue from taxes and grants that is recognised when received. Expenses are recognised when incurred resulting into recognition of payables in the statement of financial position. All non-current assets with the exception of non-produced assets are expensed 100% in the year of acquisition in the statement of financial performance. (vi) Going concern consideration The financial statements have been prepared on a going concern basis. (vii) Presentation currency The reporting and presentation currency is the Uganda Shilling (Shs), which is the functional currency of the Republic of Uganda. Items included in the financial statements are measured in the currency of the primary economic environment in which the entity operates. (viii) Reporting Period The reporting period for these financial statements is from 1 July 2020 to the next 30 June 2021. Prior period comparative information has been presented in the current year's financial statements. Where necessary figures included in the prior period financial statements have been reclassified to ensure that the format in which the information is presented is consistent with the format in the current year's financial statements. (ix) Appropriation The initial approved budget is the original forecast as presented and approved by Parliament. A revised budget is the initial approved budget adjusted by a supplementary and reallocations/ virements. (x) Revenue Revenue represents cash and grants in kind received by the entity during the financial year and comprise; tax and non-tax revenue, transfers received from Treasury, transfers from the Contingency Fund and transfers received from other government units. Revenues are recognized as follows; a) Tax revenues Taxes are levied with the authority of Parliament subject to Article 152 of the Constitution of the Republic of Uganda. Payment of tax does not necessarily result into an entitlement to the taxpayer to receive equivalent value of services or benefits. All tax revenues are recognised when received. b) External Assistance Grants are received by the entity either as cash or in-kind from foreign governments (bilateral) or from international Organizations (multi-lateral). All grants (aid assistance) are recognized as income when received. In-kind receipts (donations) are recognized at fair value when received. c) Transfers received from Treasury Transfers received include; transfers received from the Consolidated Fund, and transfers received from other government units. All transfers are recognized when received by the Accounting Officers. d) Transfers from other government units Comprise funds appropriated under one vote but transferred to another vote for execution of the intended activities of the former. These might include road maintenance funds from the Road fund, immunization funds from Ministry of health among others. These funds are recognised when received. e) Non-Tax Revenue Non-Tax Revenue (NTR) refers to all revenue due to government that is not tax revenue. Examples include proceeds from sale of designated goods and services, hire of assets, interest/gains associated from ownership of shares and fines/penalties. NTR whether directly collected by the entity or collected by another on its behalf is Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project recognised when revenue is earned. NTR earned but not received is reported in the statement of Financial Position as receivables. (xi) Expenses Generally, expenditure is recognized when it is incurred. Qualifying' unsettled expenditure is recognised in the Statement of Financial position as payables. Payments of pension to existing retirees are recognized in the statement of financial performance and any arrears on such payments recognised in the statement of financial position. Pension liability for non- retirees is neither recognised nor disclosed in the financial statements. (xii) Property, Plant and Equipment (physical assets or fixed assets) Property, plant and equipment (PPE) principally comprises buildings, dams, roads and highways, hydropower stations, plant, vehicles, equipment, and any other infrastructure assets but does not include land and regenerative natural resources such as forests and mineral resources. Acquisitions of PPE are recorded in the asset register on receipt of the item at cost and expensed fully through the Statement of Financial Performance. Cost of the item is defined as the total cost of acquisition. Where the cost of the PPE cannot be determined accurately, the PPE is stated at fair value. Subsequent repairs and maintenance costs of PPE are also expensed as goods and services consumed in the Statement of Financial Performance. Proceeds from disposal of property, plant and equipment are recognized as non-tax revenue in the period in which it is received. (xiii) Translation of transactions in foreign currency Foreign currency transactions are translated into Uganda Shillings using the exchange rates prevailing at the dates of the transactions (spot rates). These result into realized gains/losses which are recognized in the Statement of Financial Performance. Foreign currency assets and liabilities held by the entity at year-end are translated into Uganda Shillings using the period closing rate for reporting purposes resulting into unrealized gains/losses. The unrealized gains/losses are recognized in the statement of changes in Equity through the revaluation reserve. (xiv) Revaluation Gains/Losses Unrealized gains or losses arising from changes in the value of investments, marketable securities held for investment purposes, and from changes in the values of property, plant and equipments are not recognized in the financial statements. (xv) Cash and cash equivalents Cash and cash equivalents are carried in the balance sheet at cost. For the purposes of the cash flow statement, cash and cash equivalents comprise cash on hand, deposits held at call with banks, other short-term highly liquid investments, and bank overdrafts. (xvi) Unspent cash balances In accordance with the requirement of the Public Finance Management Act, 2015, unspent cash balances by Government entities at the end of the financial year are returned through the Single Treasury Account (TSA) to the Consolidated Fund. With the commencement of the TSA, votes fully operational on IFMS no longer have unspent cash balances for Transfers received by MALGs from the Treasury. Escrow Account balances are to be recognized in the Financial Position of the responsible entity and expensed through the Financial Performance in the period when funds are utilized. (xvii) Receivables (a) Accrued Non Tax Revenue and Advances Receivables include revenue earned but not collected and advances not retired by the reporting date. These are carried at historical cost and are written down by recovered receipts or write-off of Allpayables should be verified by the InternalAudit and a .rt:Ji& are issced signed y the Accounting Oficer, Head of IntemalAudit and Head of Accounts/Finance. Government of the Republic of Uganda Financial Statements for the Financial Year ended .30 June 2021 Ministry ofEduca tion and Sports - USDP Project unrecoverable amounts (bad debts are written-off with the approval of Parliament, when identified in the Statement of Changes in Equity). (b) Letters of credit Procurement of goods and services through letters of credit which are cash covered are recognized in the statement of appropriation when the letter of credit is opened. Outstanding letters of credit at period-end are treated as receivable and expensed through the Statement of Financial Performance in the period when the goods and services are delivered. (c) Other Receivables These include expenditure paid for but not consumed during the financial year. Examples include rent expenditure paid for the period crossing financial years. (xviii) Inventories Comprise consumable supplies and goods purchased for resale. All inventories are expensed in the period in which they are acquired. (xix) Investment properties Investment property principally comprises land, office, commercial and residential buildings, and other physical assets, which is held for long-term rental income and is not occupied internally. Investment property is treated as a long-term investment and is carried at cost. Investment properties are currently not recognised in the financial statements. (xx) Investments Investments are classified into three groups, namely: investments held for trading; investments held-to-maturity; and investments available-for-sale. Investments that are acquired principally for the purposes of generating profit from short-term fluctuations in price are classified as "trading investments", and are, therefore, current assets and are treated as monetary assets. Investments with fixed maturities and there is an intention and ability to hold them to maturity dates are classified as "Investments held-to-maturity", and are, therefore, non-current assets, and are treated as non- monetary assets. Investments intended to be held for an indefinite period of time, which may be sold in response to liquidity needs or changes in interest rates, are classified as "investments available-for-sale", and are therefore non-current assets and regarded as non-monetary assets. However, if there is an expressed intention to sell these within 12 months, then these are treated as current assets and are monetary assets. Appropriate classification of investments at the time of purchase and re-evaluation of such designation are carried out on a regular basis but any resulting reclassifications are rare and cannot be made from "trading investments" to "investments held to maturity" All investments in the balance sheet are carried at historical cost. Non-financial assets are measured at net worth. For investments quoted in foreign currency, the historical cost is translated at the closing rate. (xxi) Projects expenditure Government projects are a series of undertakings of a reporting entity with specific objectives and a defined time frame and could be either: (a) fully funded by a Government; (b) jointly funded by Government and a development partner; (c) fully funded by a development partner through either budget support or project support; and (d) fully funded by development partner through provision of physical items rather than funds. Fully or partly Government funded project expenditure is recognized in the statement of financial performance of the reporting entity to the extent of funding received from Government. Project Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project expenditure that is not recognised is disclosed in the statement/schedule of project/ subvention balances. (xxii) Borrowings Borrowings are initially recorded in the Statement of Financial Position [the balance sheet] at cost net of any transaction costs paid. Interest expense and any other expense on borrowings are recognized in the Statement of Financial Performance when they fall due. (xxiii) Employee benefits Employee benefits include salaries, and other related-employment costs. Employee benefits are recognized when incurred. No provision is made for accrued leave or reimbursable duty allowances. (xxiv) Contingent liabilities and assets Contingent liabilities are disclosed in a memorandum statement (Statement of Contingent liabilities) of the entity when it's probable that an outflow of economic benefits or service potential will flow from the entity or when an outflow of economic benefits or service potential is probable but cannot be measured reliably. Contingent liabilities comprise government guarantees issued, court awards that have been appealed by the Attorney General, those arising from Public Private Partnerships (PPPs) etc. Non quantifiable contingent liabilities are disclosed in the memorandum statement of Non quantifiable contingent liabilities. Contingent assets are neither recognized nor disclosed. (xxv) Outstanding Commitments Commitments include operating and capital commitments arising from non-cancelable contractual or statutory obligations. Loan interest due but not paid is recognised in the Statement of Financial Position. The loan interest not yet due for payment is not recognised but disclosed. Outstanding commitments relating to non-cancelable contractual or statutory obligation where goods have been delivered or service provided are included in the statement of financial position as payablcs and in the Statement of Outstanding Commitments to the extent of the appropriation. (xxvi) Public Private Partnerships Any investment by the Government in a Public Private Partnership may be through a joint venture or as an associate or as a major shareholder. Except for the latter, these are accounted for as investments whether held for trading purposes or otherwise. The financial statements in that case are consolidated as if the other entity is a controlled entity in accordance with IPSAS 38. In other instances where the Government provides certain guarantees which could crystalize and result into an outflow of resources, the guarantees are quantified and disclosed in the memorandum Statement of Contingent Liabilities. The amounts disclosed as part of contingent liabilities represent the most likely outflow of resources should certain events crystalize which are assessed annually. If the events crystalize, the amounts become payables through the Statement of Financial Performance and Statement of Financial Position on an accrual basis Other Notes to the Financial Statements Noft I(b): Exchange Rates All monetary amounts in the financial statements are expressed in Uganda Shillings, the functional currency. The Uganda Shilling closing rates (the Bank of Uganda middle rate) for major currencies were: 30 June 2021 30 June 2020 United States Dollar 3,554.07 3,730.33 British Pound 4,934.84 4,595.70 Euro 4,240.63 4,179.17 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Note 2: Tax Revenues Tax revenues comprise both direct and indirect taxes levied and collected on behalf of Government. 30 June 2021 30 June 2020 (Shs) (Shs) Local Services Tax. Land fees Business Licenses Other tax revenues Total taxation revenues. Note 3: External Assitstance Notes 30-un-21 G I 30-un-20 GO (shs) US$ (Shs) (Shs) US$ (Shs) Grants from foreign governments 0 so Grants from International Organizations 46,531,909,494 S12,747.700 77,866,600.000 $20,000,000 Grants from Local sources - Donations . . Total Gants 46,531,909,494 $12,747,700 -1 77,86,600,000 S20X00000 Note 4: Transfers Received From the Treasury Consolidated Fund Notes 30-jun-21 30-Jun-20 IDA GOUJ IDA GOU (Shs) _ US$ (Shs) (Shs) US$ (Shs) Transfers from the Treasury - (Current & Capital)___- 1,069738,141 722331.391 Tot Trs 1,069,738,141 722,331,391 Note 5: Transfers received from Other Goverunient Units Comprise funds appropriated under one vote but transferred to another vote for execution of the intended activities. For instance road maintenance funds, grants recognised by treasury but transferred to other executing MALGS, etc 30 June 2021 30 June 2020 ..(Shs) (Shs) Tiansfers received frorn other Gov't Units - Current (Name of the Government unit) Transfers received from other Gov't units - Capital (Name of the Government unit) Total Note 6: Non-Tax Revenues Comprise non-tax revenues from exchange transactions collected during the year as follows: 30 June 2021 30 June 2020 (Shs) (Shs) Investment income Dividends Rent Other property income Sale of goods and services Administrative fees and licenses Court fines and Penalties Other fines and Penalties 23 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Minisny ofEducation and Sports - USDP Project Miscellaneous Revenue Total Non-Tax Revenue Note 7: Employee Costs 30-Jun-21 30-Jun-20 IDA GOU IDA GOU SUS$ s) (Shs) US$ (Shs) Wages and salaries 2,952,287,035 $817,080 2,085,040,583.20 $560,637 Social contributions 295,228,704 $81,708 - 208,504,058.32 $56,064 Other employment costs 442,843,055 $122,562 312,756,087.48 $84,096 - GraLuitv Total employee costs. 3,690,358,794 $1,021,350 2,606,300,729 [ 700,796 Note 8: Goods and Services Consumed Expenditure on goods and services during the year principally comprise the following: 30-Jun-21 30-Jun-20 IDA GOU IDA GOU (Shs) US$ (Shs) (Shs) US$ (Shs) General expenses 6,375,871,780 $1,700,363 257,928,677 2,024,712,923 $547,028 176,107,943 Communications 17,100,000 $4,560 5,829,733 879,935,085 $237,737 3,980,412 Utility and property 29,149,307 $7,774 24,300,000 160,547,782 $43,376 16,591,498 expenses Supplies and services 253,280,231 567,547 254,982,800 2,584,731,950 $698,331 174,096,564 Professional services 5,049,997,409 $1,346,769 12,854,016,098 $3,472,839 - Insurances and licenses - . Travel and transport 1,191,270,000 $317,696 475,998,242 2,451,894,406 $662,442 325,000,974 Maintenance 1,998,000 $11,200 29,052,850 847,537,957 $228,984 19,836,637 Inventories (goods purchased for resale) Total cost of goods 12,958,666,727 $3,455,910 1,048,092,302 21,803,376,201 $5,890,736 715,614,028 Note 9: Consumption of Propcrty, Plant and Equipment (Fixed Assets) As explained in accounting policy (xii), property, plant and equipment (physical assets) are expensed in the year of purchase i.e. they are fully expensed in the year of purchase using the cash basis of accounting. 30-Jun-21 30-Jun-20 IDA GOU IDA GOU (Shs) I US$ (Shs) (Shs) US$ (Shs) Non Residential buildings 28,243,794,908 $7,761,337 Residential buildings - - Roads and bridges - --- - Transport equipment- - - Machinery and equipment - - Furniture and fittings - - - - Other fixed assets - 1 - - - Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Total value of property, plant 28,243,794,908 $7,761,337 and equipment expensed Note 10: Subsidies Subsidies paid during the year are summarized as below: 30 June 2021 30 June 2020 (Shs) (Shs) To public corporations To private enterprises To private individuals Total subsidies for the year . Note 11: Transfers to Qher Organisao tins Transfers made during the year are summarized as below: 30 June 2021 30 June 2020 (Shs) (Shs) Transfer to foreign Governments Transfers to International Organisations Transfers to other government units To resident non-government units -Total- ttan sfe rs, Note 12: Social Benefits Social benefits paid during the year comprise: 30 June 2021 30 June 2020 (Shs) (Shs) Pensions. Employer Social benefits Total social benefits Note 13: Other Operatng Expenses These comprise: 30 June 2021 30 June 2020 (Shs) (Shs) Property expenses other than interest . Miscellaneous other expenses- current Miscellaneous other expen8e- capital ITotheroperating ekpenses Note 14: Foreign Exchange Gains and Losses During the ycar, foreign exchange losses and gains were as follows: 30 June 2021 30 June 2020 (Shs) (Shs) Realized loss /gain (SFP) 1,772,169,765 3,154,707,372 Unrealized loss /gain (SCE) Net foreign exchange gains / losses 1,772,169,765 3,154,707,372 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Note 15: Finance costs Schedule 30th June 2021 30 June 2020 (Shs) (Shs) Interest on external debts (external borrowings) Interest on other domestic borrowings i Total finance cost Note 16: Bad Debts Expense 30 June 2021 30 June 2020 Shs Shs Bad debts w/o Provision for the year Total bad debts Note 17 (a): Transfers to Treasury These comprise transfers back to the Consolidated Fund of unspent balances from the respective expenditure accounts, transfers of Non tax revenue collected, , unspent salaries, among others for the period. 30-Jun-21 30-Jun-20 IDA GOU IDA GOU (Shs) US$ (Shs) (Shs) US$ (Shs) Non Tax revenue - - Expenditure account 21,645,839 6,717,363 balances Other cash balances - - Total for the year. - - 21,645,839 6,717,363 Note 17b).: Tratisfers to Treasury These comprise transfers to the Consolidated Fund/ Treasury of Unspent balances, NTR collections, Cash in transit, LCs not performed etc for transactions crossing financial years. 30-Jun-21 30-Jun-20 IDA GOU IDA GOU (Shs) US$ (Shs) (Shs) US$ (Shs) Non Tax revenue - - Expenditure account balances - - 21,645,839 - - 6,717,363 Other cash balances - - Total for the year. - - 21,645,839 - - 6,717,363 Note 18: Cash and cash _equivalents 30-Jun-21 30-Jun-20 IDA GOU IDA GOU (Shs) US$ (Shs) (Shs) US$ (Shs) DOMESTIC . Revenue accounts Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Minisrtry ofEducation and Sports - USDP Project Expenditure accounts Project accounts Collection accounts - Cash in transit Cash at hand - Imprest Others Sub-total cash and bank balances - domestic FOREIGN Revenue Accounts Expenditure $279,749.74 accounts 1,018,982,844 - 382,526.198 $104.096.98 Project Accounts 33,302,337,134 $9,323,852.89 64.365,842,462 $17,225,488.23 - Collection accounts - Cash in transit Cash at hand- ImDrest Others Sub-total cash and bank balances - 34,321,319,978 foreign $9,603,602.63 64,748,368,660 $17,329,585.21 Note 19: Net Receivables Comprise the following receivables at the end of the year net of any provision for receivables doubtful of recovery. 30-Jun-21 30-Jun-20 Note IDA GOU IDA GOU (Sis) US$ (Shs) (Shs) US$ (Shs) Total Rerceivahlrs 19(,) 44,974,255,583 $12,194,873 - 11,680,287,602 $3,959,786 Less: Provision for doubtful debts 19(b) Net RucaIvics 44,974.255.583 $12,194,873 - 14,680,287,602 $3,959,786 Note 19(p:Total Receivables 30-Jun-21 30-Jun-20 IDA GOU IDA GOU DOMESTIC (Shs) US$ (Shs) (Shs) US$ (Shs) Accrued Revenue . Loans (short-term) - others - Advances - Advance euarantees 17,893,558,182 $4,869,262 - Outstanding letters of credit 26,535,697,402 $7,176,305 14,680,287,602 $3,959.786 Prepayments - . . Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Other accounts receivable 545,000,000 $149,3116.07 - - - Total domestic receivables 44,974,255,583 $12,194,873 - 14,680,287,602 $3,959,786 FOREIGN Accrued Revenue - - - Loans (short-term) - others - - Advances - - - - Outstanding letters of credit - - - - Prepayments - - - - - Other accounts receivable - - - Total foreign receivables Total receivables 44,974,255,583 $12,194,873 14,680,287,602 $3,959,786 The ;geing of the receivables is as below;- Current Previous Financial Other Financial Total Financial Year Years Year Shs Shs Shs Shs Accrued revenue Loans and Advances Loans and Advances Loans and Advances Loans and Advances Outstanding letters of credit 26,535,697,402 - _ 26,535,697,402 Prepayments 17,893,558,182 -17,893,558,182 Other receivables 545,000,000 - - - Total Receivables 44,974,255,583 - - 44,429,255583 Note 19(b): Provision for doubtful debts 30 June 2021 30 June 2020 Shs Shs Provision at the beeinning of the year- at 1 july Increase / (decrease) in provision for the year Less: Provision approved for write off during the year Provision at the end of the year Note 20: Investments Comprise investments as follows: 30 June 2021 30 June 2020 (Shs) (Shs) Securities other than shares (long-term) - domestic Shares and other equity-domestic Secu itis oh0lr th sh0sares-foreign- Total Investments Note 21: Investment Properties Investment properties comprise properties, which are held either for long term rental income or for capital appreciation or both and are not occupied or used by the Government or any other Government entity. 30 June 2021 30 June 2020 Shs Shs At the beginning of the year - 1 Iuly - Additions/acquisitions made during the year Disposals nmde (Ii ing the year Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducadon and Sports - USDP Project Total Investment Properties Note: Currenty e do not recogniV invetantpw Note 22: Non Produced Assets 30 June 2021 30 June 2020 (Shs) (Shs) Land Cultivated Assets Other Naturally occurring Assets Total Non-Produced Assets Note 23 Borrowings 30 June 2021 30 June 2020 (Shs) (Shs) DOMESTIC Loans from commercial banks Interest payable on bank loans/borrowings Other Total domestic borrowings FOREIGN Loans from commercial banks Interest payable on bank loans/borrowings Other Total foreign borrowings Total borrowings Note 24: Payables These are principally accounts payables, domestic and otherwise, outstanding at the year-end and comprise: 30 June 2021 30 June 2020 (Shs) (Shs) Trade Creditors Sundry Creditors Committed Creditors Accountable advances Withholding tax payable - - Advances from other Government units Miscellaneous Accounts pyablesI Total payables- The cat gorization and vgeing of the ha?ales is as bclow;- Current Previous Other Financial Total Financial Year Financial Years Shs Year Shs Shs Shs Utilities Rent - Contributions to International Or=anisations - - 29I Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Court Awards & Compensations - - - Taxes and other deductions Goods and services Consumed Property Plant & Equipment - - Others - - - - Total Payables Nate 25: Deposits Received These include deposits received which are funds held by the vote for onward transfer to another vote, entity, or individual(s) and Deferred Revenue which is revenue received but services have not yet been rendered. Total amounts recognised as deposits should be supported by an equivalent amount of cash and cash equivalent in note 18 above or Receivables in Note.19 for only Revolving Funds. 30 June 2021 30 June 2020 | (Shs) | (Shs) Deposits received Deferred income Total Deposits Note 26: Pension Pension liabilities have been accrued in the financial statements because it is the policy of Government to pay pensions to all former employees of the Government who qualified for pension under the provisions of the Pensions Act, Cap 281. (Shs) (Shs). Former employees in Public Service T0Jn 013 ue22 Former employees in Military Service, Former employees of the Education Service Gratuity Arrears Total The ageing of the pension liabilities is as below;- Incurred in the Incurred in the Other Financial Total current Previous Financial Years Financial Year Year Shs Shs Shs Shs Penrsions-- Grtut ---- Total --- Note 27: Ad ustments t.0 reserveq This includes adjustments if any made on assets (cash and cash equivalents, receivables, investments, investment properties, non-produced assets) and liabilities (borrowings, payables, deposits received, pension and gratuity liabilities) Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of Education and Sports - USDP Project No Opening Adjustments Transfers to Recovery or Net asset or Closing balance tes balance to the opening UCF (Prior payments liability lt July 2020 balance year balance) towards the incurred/acqui 30 June 2021 17(b) opening red during the Shs Shs balance year Shs Shs Shs ASSETS Cash and Cash 18 equivalents 64,748,368,660 - (30,427,048,682) 34,321,319,978 Receivables 19 - Accrued Revenue Loans & Advances Letters of Credit Other receivables 14,680,287,603 - (6,129,427,168) 36,423,395,149 44,974,255,583 Investments 20 Investment Properties 21 Non-Produced assets 22 LIABILITIES- BtJiltwtg 23. Paylkbletz 24 Deposits 25 Pensions 26 Total 79,428,656,263 - ,129,427,1(g) 5,996,346,467 79,295,575,561 Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Statement of Performance For the year ended 30 June 2021 (Memorandum Statement) Summary of Major Forecast Performance Actual Performance for Explanations for the Outputs for the Vote For FY ended 30 June 2021 the year en erformance variations 30 June 2021 & qupmn (,3500,00 70501 Policies, laws, Staff Salaries, Workshops, Adverts, Books & Staff Salaries, N/A guidelines plans and periodicals, stationary, consultancies Workshops, Adverts, strategies (16,669,572,000) Books & periodicals, stationary, consultancies (16,669,572,000) Training and Capacity 148 Instructors Trained -at the 4 clusters; Bukalasa, None Training did not take place Building of BTVET UTC Elgon, UTC Lira, UTC Bushenyi. due restrictions on Institutions (7,531,000,000) International Travels and closure of education institutions due to COVID- 19. Purchase of Assorted Equipment and Consumnables procured None Delayed procurement and Specializ,ed Machinery and installed for Lhe 4 LUSteIS and the 12 VTIs Delivery schedules Kettyd Laar & Equipment (4,325,000,000) r pandemic Construction and Civil works at UTC Bushenyi and its VTIs, Civil 28,243,794,908 a) The civil works -at rehabilitation of works at Elgon and its VTIs, Civil works at Nyamnitanga, Kalera and UTC learning facilities- Bukalasa and its VTIs and Civil works at UTC iJra Bushenyi Lot 1 stalled due to & its VTIs (30,295,416,000) misunderstandings with the contractor. Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministy ofEducation and Sports - USDP Project Statement of Revenues collected during the year [Based on source of revenue] Memorandum Statement Actual Actual collected Budget Variance collected 30 June 2021 30 June 2021 30 June 2021 30 June 2020 (Shs) (Shs) (Shs) Tax Revenues Local Services Tax Land fees Business Licenses Other tax revenues ,Non Tax Revenues Investment income Dividends Rent Other property income (disposal of assets) Sale of goods and services Administrative fees and licenses Court fines and Penalties Other fines and Penalties Miscellaneous Revenue Tont &RCTIUC- Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Statement of Arrears of Revenues [Based on source of revenue per category] (Memorandum Statement) Opening Arrears in A Amounts billed Actual Amounts Arrears of Cumulative Arrears balance collected during during the year collected for the Revenue for the of Revenue as at 01 July 2019 the year year Year 30 June 2021 E F A B C D (C-D) A-B+E (Shs) (Shs) (Shs) (Shs) (Shs) (Shs) RECEIPTS Thx Revernues - - -- Local Services Tax - - - Land fees Business Licenses Other tax revenues Non Tax Reveinues Investment income Dividends Rent Other property income Sale of goods and services Administrative fees and licenses - Court fines and Penalties Other fines and Penalties Miscellaneous Revenue Total Revenue Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of Education and Sports - USDP Project Statement of contingent liabilities and guarantees [Memorandum Statement] Schedule 30 June 2021 30 June 2020 (Shs) (Shs) DOMESTIC Legal proceelings Guarantees and indemnities Guarantees of bank overdrafts Guarantees under Public Private Partnerships Other contingeni. I.l>ifitics Total Domestic Contingencies FOREIGN LegAl proceedings Guarantees and indemnities Guarantees of bank overdrafts Guarantees under Public Private Partnerships Other contingent liabilities Total Foreign Contingencies Tota Contingent Liailities Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Statement of non-quantifiable contingent liabilities [Memorandum Statement Serial Brief description of liability, its origin, nature, the Type of Any other No. uncertainty, and period of identification liability comment/responsibility Ketty Lamato Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Statement of Outstanding Commitments [Commitments by nature of expenditure] Outstanding Adjustments Prior years New Cumulative commitments to the commitments outstanding outstanding at beginning previous paid during commitments commitments of year year's the year incurred 30 June 2021 1 July 2020 commitments during the year (Shs) (Shs) (Shs) (Shs) (Shs) Payables & Pension liabilities Operating Commitments Employee costs Pensions Goods and services consumed Subsidies Transfers to Other Organisations Social benefits Other operating expenses Finance costs Total Operating Commitments Capital Commitments Non - produced assets Property Plant Equipment Total Capital commitments Total Commitments (Operating & Capital) Deposits Received Deposits received Deferred revenue Total Deposits Received Toral Commitments Ketty Lamaro Accounting Officer I Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEduca tion and Sports - USDP Project Statement of losses of public money and stores written off, and claims abandoned during the year Reference Opening Losses written- Cumulative number of Balance as at 1 off in the YR Losses written- reported July 2020 ended off as at loss/write 30 June 2021 30 June 2021 off/claim abandoned. Shs)(Shs)()Shs) Losses of public moneys (cash ind cash equivalents) Total losses of cash written off Losses of stores Total losses of scores written off - . Louses of other assets (Property, Plant & Equipment) - - Toial losses of other assets written off - . Claims abandoned - . Total value of claims abandoned - - Total losses of public funds, stares and claims abandoned Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Statement of reported losses of public moneys, stores and other assets whether or not written off during the year Reference Opening Losses for the Cumulative number of Balance as at 1 YR ended Losses as at reported loss/bad July 2020 30 June 2021 30 June 2021 debt (Shs) (Shs) Bad debts Total bad debts Losses of pUblic moneys reported (cash acash equivalents) Total losses of cash Losses of stores reported. Total lusses of srtOes reported Losses of other assets (Property, Plant & Equipment) Total losses of other assets reported Total losses of public funds, stores and other assets reported . Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry of Education and Sports - USDP Project Summary statement of stores and other assets (physical assets) as at the end of the year Category/ Description Opening balance Additions during the Disposals during Cumulative at 30 1 July 2020 year the year June 2021 Cost 30 June 2021 30 June 2021 Cost Cost cost S -(Shs) (Shs) (Shs) Non Produced Assets Land Cultivated Assets Other naturally occurring assets Buildings & Structures Non Residential buildings - - - Residential buildings Roads and bridges Other structures Transport equipment Motor Vehicles - - Trailers/ Semi-trailers Ships and other marine vessels Railway locomotives -- Aircrafts Motor cycles and Bicycles Other transport equipmentI- Machinery and equipment Office equipment Medical equipment ICT Equipment Laboratory and research equipt Other Machinery & equipment Other Assets Furniture and fittings Classified Assets Others Total value of physical assets acquired, d sed of and balances Ketty Lamaro Accounting Officer Schedule of Letters of Credit Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 MIinistry ofEducation and Sori - USDP Project Name of LC Number Date Due date Bank Currency Amount Amount Supplier opened (Foreign (U.Shs) 7_ _currency) Eagle Scientific 991LCFC210200002 20.01.2021 30.11.2021 BOU US$ Ltd _ $1,475,987.42 5,446,585,458 De Lorenzo 991LCFC210200001 21.01.2021 30.11.2021 BOU US$ SPA $2,399,297.31 8,853,718,983 VENEFIR SRL 991LCFC210120001 12.01.2021 30.11.2021 BOU $2,768,593.26 10,296,038,417 Unique Intergrated 991LCFC211270003 07.05.2021 30.11.2021 BOU US$ $224.119.83 Sytems Ltd - Lot 1 816,352,001 Unique Intergrated 991LCFC211270004 07.05.2021 30.11.2021 BOU UGX Syterns Ltd - Lot 2 !1$91,673.95 333,920,529 Unique Intergrated 991LCFC211270002 07.05.2021 30.11.2021 BOU UGX Sytems Ltd - Lot 3 _[ $216,633.18 789,082,014 Total - $7.176.304.95 26,535,697,402 Ketty Lamaro Accounting Officer Government of the Republic of Uganda Financial Statements for the Financial Year ended 30 June 2021 Ministry ofEducation and Sports - USDP Project Schedule of Project and Subvention Balances Project /Subvention End Date Funding Curt Balance as at 1 Disbursements Payments for the Balance as at Name Source/ ency July 2020 for the Year Year 30 June 2021 Agency Project balances USDP Designated Acc 31/12/2022 IDA US3 62,496,644,475 46,531,909,494 82,512,299,893 26,516,254,076 USDP Project Acc 31/12/2022 IDA UGX 1,869,197,987 48,493,746,000 43,576,860,929 6,786,083,058 UTC Bushenyi 31/12/2022 IDA UGX 31,202,674 917,574,605 846,059,024 102,718,255 Karera VTI 31/12/2022 IDA UGX 103,764 87,312,362 86,864,567 551,559 Nyamitanga VTI 31/12/2022 IDA UGX 19,381 112,315,350 110,210,550 2,124,181 Lake Katwe VTI 31/12/2022 IDA UGX 200,078 116.180000 116.200,939 179.139 Bukalasa Agric. College 31/12/2022 IDA UJGX 57,646,814 648,000,000 551,960,307 153,686,507 Ssese Farm Insttute 31/12/2022 IDA UGX 135,730 101,323,100 96,992,200 4,466,630 Rwentanga VTI 31/12/2022 IDA UGX 4,188,598 206,496,800 197,661,384 13,024,014 Kaberamaido VTI 31/12/2022 IDA UGX 17,068,683 96,883,932 52,678,850 61,273,765 UTC Lira 31/12/2022 -IDA UGX 128.256,384 856,974,600 879,926,879 105,304,105 Ora VTI 31/12/2022 IDA UGX 24,039,515 146,886,400 119,888,335 51,037,580 Kitgum VTI 31/12/2022 IDA UGX 19,430.721 119,662,932 105.473,169 33,620,484 Kalongo VTII 31/12/2022 IDA UGX 7,792,184 154,240,644 139,208,145 22,824,683 UTC Elgon 31/12/2022 IDA UGX 24,248,551 640,265,014 331,956,885 332,556,680 Butaleia VTI 31/12/2022 IDA UGX 42,408,220 67,641,042 105,763,040 4,286,222 Kasodo VT1 31/12/2022 IDA UGX 14,850,321 200,497,670 121,154,400 94,193.591 Kaliro VTI 31/12/2022 IDA UGX 10.934.580 152,567,098 126,366,229 37,135,449 Sub-total Project Balances 64,748.368,660 99,650,477,043 130,077,525,725 34,321,319,978 Subvention Balances - Ministry ofEducation and Sports - USDP Project Annexes to the Financial Statements Annexes to the Financial Statements Annex (i): Pension Payroll Name Last Position held IPPS Pension Supplier no Amount no no, -(IFMS)- 1- Annex (ii): Schedule of Inventory Category Opening balance Purchase/ Usage/Disposal Obsolete Closing as at 1st July 2020 Additions Cost Cost balance Cost Cost 30 June 2021 Shs Shs Shs Cost Shs Shs I e.g Drug (a), Visa stickers, Passports Annex (iii): Trial Balance Annex (iv): Bank Reconciliations and list of all bank accounts Annex (V): Schedule of Verified Arrears Annex (vi): Summary Staff Payroll Salary scale Number of Employees New employees to the Number of Number of Employees at at the beginning of the vote either through employees the end of the year year transfers or through transferred / 30 June 2021 1st July 2020 recruitment retired/deceased Specified scale - Uls - UISE ____ UlE U2 U3 . U4 U5 U6 U7 U8 Contract Staff 35 7 2 40 Total 35 7 2 40 Annexes to the Financial Statements Ministry ofEducation and Sports - USDP Project Annexes to the Financial Statemenis USDP PROJECT T TRIAL BALANCE AS AT 30 June 2021 IDA - UGX Item Particulars Debit Credit Reconciled Bank Balances 34,321,319,978 Receivables 44,974,255,583 - Operating Revenue - External Assistance - 46,531,909,494 Operating Revenue - Transfers from Treasury - - Employee Costs 3,690,358,794 - Goods & Services Consumed 12,958,666,727 - Consumption of property, plat & equipment 28,243,794,908 Accumulated Reserves as at 30 June _ - 79,428,656,262 Transfers to UCF Forex Differences 1,772,169,765 TOTALS 125,960,565,756 125,960,565,756 USDP PROJECT I TRIAL BALANCE AS AT 30 June 2021 GOU - UGX Item Particulars Debit Credit Reconciled Bank Balances Receivables O4pcs ring Revenue - External Assistance Operating Revenue - Transfers from Treasury - 1,069,738,141 Employee Costs Goods & Services Consumed 1,048,092,302 Consumption of property, plant & equipment Accumulated Reserves as at 30 June Transfers to UCF 21,645,839 Forex Differences 1,069,738,141 1,069,738,141 Annexes to the Financial Statements Ministry ofEducation and Sports - USDP Project Annexes to the Financial Statements COMPLETE SCHEDULE OF RECEIVABLES AS AT 30 JUNE 2021 Advance Payment Guarantees for Civil ,Wrks A contractors Contractor Amount in UGX Equiv. in US$ Prism Construction Ltd 2,318,548,281 $634,674.45 Sarick Construction Ltd 1,024,311,117 $280,392.73 Synergy Enterprises Ltd 581,149,404 $159,082.60 Zimu Construction Co. Ltd 676,313,469 $185,132.60 Vambeco Enterprises Ltd 1,764,433,535 $482,992.27 King Albert Constructions Ltd 1.021.860,258 $270,205.44 Rayna (U) Ltd 647,267,263 $171,153.68 BMK (U) Ltd 916,977,108 $238,875.75 Ambitious Construction Company Ltd 1,688.225,575 $463,482.46 Egiss Engineering Contractors Ltd 2,717,271,350 $745,994.86 Rayna (U) Ltd _ _ 701,327,669 $192.541.25 Roia (U) Ltd 748,407,792 $205,466.55 Busenvi Enterprises Ltd 807,742,353 $221,756.15 Sub-Total Gril IMorkrAdvances 15,613,835,174 J4,251,750.79 Advance P'aymenT Guarantees lion Equpmen B Sul0ier-S- ____- Eagle Scientific Ltd 683,620,439 $184,498.00 De Lorenzo SPA 1,111,263,934 $299,912.00 Unique Intergrated Sytems Ltd - Lot 1 204,088,000 $56,028.96 Unique Intergrated Sytems Ltd - Lot 2 83,480.132 $22,916.49 Unique Interrated Sytems Ltd - Lot 3 197,270.503 $54,155.29 SNb-Total Eqiipineni Advances 2.279.723,008 ;617,510.74 C Fund for reloolingAssessors adamced to UBTEB 545,000,000 $149,506.07 D Letters of Credii Outstandin Eagle Scientific Ltd 5,446,585,458 $1,475,987.42 De Lorenanzo SPA _ 8,853,718,983 $2,399,297.31 VENEFIR SRI. 10,296,038,417 $2,768,593.26 Iniqie Intergred Syterns Ltd - JLot 1 816,352,001 $22.4,19.83 Unique Intergrated Sytems Ltd - Lot 2 333,920,529 $91,673.95 Unique Interarated Sytems Ltd - Lot 3 789.082.014 $216,633.18 Sub-Total Lefers of Credit on/sandine 26,535,697,402 3-..- £7,176,304.95 TOtAL RECEIVABLES REPORTED 44,974,255,583 $12,194,872.55 Annexes to the Financial Statements