INDICATIVE FINANCIAL PLAN FOR KMA 2006 – 2009 (¢, 000,000)FINANCING THE GAPFrom the analysis above, the total cost of financing the Medium Term Development Plan (2006 – 2009) stands at Five trillion, fifty-three billion and three hundred and twenty two million cedis (¢5,053,322,000,000) against an Indicative Financial Budget of Six hundred and eleven billion cedis (¢611,000,000,000). This reveals a financial gap of Four trillion, four hundred and forty-two billion, three hundred and twenty two million cedis (¢4,442,322,000,000).
In financing the gap, it is expected that more revenue and assistance would be mobilized from the following sources;
- There would be a conscious effort at scaling up the volume of IGF through the Property Revaluation Exercise and the Logo South Programme, which is being plotted in the Asokwa Sub Metropolitan District Council.
- There would also be frantic efforts at blocking all revenue leakages by providing accurate data on properties, efficient and reliable revenue collection method and well trained and motivated staff.
- It is also expected that our Development Partners would assist. eg. SIF/UPRP, UESP II, CBRDP, GAIT II Program, Care/Coca Cola.
- The prospects of entering the financial market to leverage private capital through the instrument of Municipal Bonds Issues sources.
- Communities would be required to pay counterpart funds as their contribution to cost of projects in some instances.
Linking the Plan with the Annual BudgetThe Medium Term Expenditure Framework links expenditure to the goals, objectives, activities and output as outlined in the Medium Term Development Plan. It provides for integration of the Recurrent and Development Budget by distinguishing running cost of the Assembly from the activities to which KMA is set up to do. These have been categorized into:
1. Personnel Emolument 40,265.0
2. Administration 63,155.0
3. Service 311,610.0
4. Investment 4,741,712.0
5. Urban Road Department 376,976.84
Total 5,156,742.0
For tables refer to pdf file attached
