YILO:Assembly hopes to exceed revenue target
The Yilo Krobo Municipal assembly hopes to exceed its revenue target and expenditure for the year as indications as at June pointed to that possibility, Municipal Chief Executive, Andrews Sodah has stated.
He said there was therefore need to review the annual estimated revenue and expenditure to enable the assembly operate within the annual budget for the year.
"As part of the process, the budget Committee reviewed the annual budget which has been considered and approved by the Finance and Administrative (F & A) Sub-Committee of the Assembly. It is now the turn of the honourable house to also consider the revised annual estimates".
The Chief Executive disclosed that the Assembly has collected an amount of GHc420, 654.09 from its local sources as at June this year. This figure represents 66.95% of the targeted annual figure of GHc628, 333.00.
The Assembly has also received a total of GHc1, 101,213.52 representing 15.40% of the expected Grants of GHc7, 148,865.71 for this year.
He attributed the achievements to the adoption of such strategies as;
- Formation of Revenue Task Force which periodically assists in revenue mobilization.
- Holding of regular meetings with Revenue Staff to assess their performance and address challenges confronting them.
- Provision of rain coats, wellington boots and other incentives to motivate Revenue Collectors.
- The contractual engagement of Revsol to collect revenue on behalf of the Assembly at Somanya and Klo-Agogo.
He expressed hope that members would give approval after a dispassionate discussion for the new changes to the budget.