2.1 Monitoring and Evaluation Activities Report
The Municipal Assembly properly monitored programs and projects being implemented in the Municipality. Monitoring reports, and recommendations were presented to Management.
2.2 Update on Funding Sources and Disbursements
The main sources of the revenue were Internally Generated Fund (IGF), District Assembly Common Fund (DACF), Member of Parliament’s Common Fund and Persons with Disabilities Common Fund (PWDs CF). For the First Quarter, funds were received from only IGF and MP Common Funds.
A total of Five Million, Three Hundred and Eighty-Three Thousand, Eight Hundred and Forty-Eight Ghana Cedis, five Pesewas (GH₵ 5,383,848.05) was received as revenue for the Second quarter.
Internally Generated Funds for the Second quarter amounted to Seven Hundred and Ninety- Eight Thousand, Ninety-Nine Ghana Cedis, Fifteen Pesewas (GH₵ 798,099.15) which is an increase on the first quarter figure as shown in table 3 below. Three Million, Two Hundred and Fifty-Seven Hundred, Ninety -Four Ghana Cedis Seven Pesewas (GH₵ 3,257,094.70) for Government of Ghana Transfer Table 3 below presents the amounts received for all revenue sources for the period under review:
Table 3: Revenue Analysis as at 2nd Quarter, 2024
| Revenue Source | Target |
Quarterly Performance |
|
|
2024 (GH₵) |
1st quarter (GH₵) |
2nd quarter (GH₵) |
|
| IGF | 1,300,800 | 512,546.10 | 798,099.15 |
| DACF | 3,725,912.00 | – | 405,347.80 |
| MP’s CF | 1,420.310 | 373,938 | 373,938.00 |
| PWDs CF | 115,234 | – | 115,234.40 |
| MSHAP | – | – | – |
| DDF/ DACF-RFG | 1,348,345 | – | 434,134.00 |
| GoG | 143,345 | – | 3,257,094.70 |
| MAG | – | ||
| LEAP | – | ||
| OTHER | – | ||
| TOTAL | 8,053,946.00 | 886,484.10 | 5,383,848.05 |
Source: Municipal Finance Department, 30th June 2024
2.2.1 Update on Disbursements for the 2nd Quarter 2024
The funds received in the Assembly were mostly disbursed on compensation as well as on-going projects. Funds were disbursed in line with the 2024 Annual Budget of the Assembly. The disbursements covered compensation, goods and services and miscellaneous.
A total amount of Four Million, Five Hundred and Ten Thousand, Nine Hundred and Fifty Ghana Cedis, Seventy-Two Pesewas was spent on compensation, Goods and Services and Investments for the Second Quarter. (GH ₵ 4,510,950.72)
Three Hundred and Thirty-Six Thousand, One Hundred and Two Ghana Cedis, Ninety-Six Pesewas (GH₵ 3,361,102.96) was spent on compensation for all staff of the Assembly. Expenditure on Goods and Services amounted to Eight Thousand and Eighty Thousand, Three Hundred and Seventy -Six Ghana Cedis, Eleven Pesewas (GH₵ 880,376.11). Eighty -Eighty Thousand, One Hundred and Forty -Six Thousand Sixty-Nine pesewas (GH₵ 88,146.69) were spent on investment while One Hundred and Eighty -One Thousand Three Hundred and Twenty and Four Ghana Cedis, ninety-six pesewas (GH ₵ 181,324.96) were spent on other activities. Table 4 below shows Expenditure for the 2nd Quarter 2024
Table 4: Expenditure Analysis for 2nd Quarter 2024
| Expenditure Item |
Target |
Quarterly Performance |
|
|
2024 (GH₵) |
1st Quarter
(GH₵) |
2nd Quarter
(GH₵) |
|
| Compensation
|
5,403,437 | 2,032,193 | 3,361,102.96 |
| Goods And Services | 2,093,417 | 575,612 | 880376.11 |
| Investment/Assets | 3,272,271 | 88,146.69 | |
| Others | 2,361,367 | 69,500 | 181,324.96 |
|
TOTAL |
13,130,492 | 2,677,305 | 4,510,950.72 |
Source: Municipal Finance Department, 30th June, 2024