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| AKWA IBOM STATE CHART OF ACCOUNT 2018 ADMINISTRATION AKWA IBOM PROPERTY AND INVESTMENTS COMPANY (APICO) | ||
| DESCRIPTION OF REVENUE | DETAILS OF REVENUE | 2018 APPROVED BUDGET | 2017 APPROVED REVISED PROVISION |
| OFFICE OF THE MANAGING DIRECTOR | |||
| RENT ON LAND AND OTHERS - GENERAL | |||
| Ground Rent | Ground Rent | 16,000,000.00 | 14,962,500.00 |
| TOTAL | 16,000,000.00 | 14,962,500.00 | |
| RETAINED REVENUE FROM PARASTATAL AND BOARDS | |||
| Retained Revenue from Parastatal and Boards | Retained Revenue from Parastatal and Boards | 3,000,000.00 | 1,662,500.00 |
| TOTAL | 3,000,000.00 | 1,662,500.00 | |
| GRAND TOTAL | 19,000,000.00 | 16,625,000.00 | |
| DESCRIPTION OF EXPENDITURE | DETAILS OF EXPENDITURE | 2018 APPROVED BUDGET | 2017 APPROVED REVISED PROVISION |
| OFFICE OF THE MANAGING DIRECTOR | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 04 (2 staff) | 494,440.00 | 10,738,110.00 |
| Basic Salaries | GL. 07 (6 staff) | 2,972,200.00 | |
| Basic Salaries | GL. 08 (1 staff) | 680,210.00 | |
| Basic Salaries | GL. 09 (1 staff) | 803,710.00 | |
| Basic Salaries | GL. 13 (1 staff) | 1,412,320.00 | |
| Basic Salaries | GL. 14 (2 staff) | 3,272,840.00 | |
| Basic Salaries | GL. 17 (1 staff) | 3,600,000.00 | |
| Overtime Payment | Overtime Payment for Office of the Managing Director | 184,220.00 | 184,220.00 |
| Consolidated Allowances | Consolidated Allowances for Office of the Managing Director | 12,142,820.00 | 11,628,520.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Managing Director | 1,323,570.00 | 1,073,810.00 |
| Non - Accident Bonus | Non - Accident Bonus for Office of the Managing Director | 85,190.00 | 85,190.00 |
| Domestic Servant | Domestic Servant for Office of the Managing Director | 1,200,000.00 | 2,400,000.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Managing Director | 988,460.00 | |
| Corpers Allowance | Corpers Allowance for Office of the Managing Director | 1,000,000.00 | 1,000,000.00 |
| Chairman and Board Member | Board Member for Office of the Managing Director | 3,800,000.00 | |
| Chairman and Board Member | Chairman for Office of the Managing Director | 1,200,000.00 | |
| TOTAL | 35,159,980.00 | 27,109,850.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Managing Director | 500,000.00 | 500,000.00 |
| Telephone Charges | Telephone Charges for Office of the Managing Director | 100,000.00 | 100,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Managing Director | 1,500,000.00 | 1,500,000.00 |
| TOTAL | 1,500,000.00 | 1,500,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Managing Director | 1,500,000.00 | 1,500,000.00 |
| Magazine and Periodicals for (Protocol)Directorate | Magazine and Periodicals for Office of the Managing Director | 200,000.00 | 200,000.00 |
| TOTAL | 1,700,000.00 | 1,700,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Managing Director | 800,000.00 | 800,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Managing Director | 500,000.00 | 500,000.00 |
| TOTAL | 1,300,000.00 | 1,300,000.00 | |
| TRAINING AND STAFF DEVELOPMENT | |||
| Local Training | Local Training for Office of the Managing Director | 400,000.00 | 400,000.00 |
| Workshop / Seminar / Conferences | Workshop / Seminar / Conferences for Office of the Managing Director | 600,000.00 | 600,000.00 |
| TOTAL | 1,000,000.00 | 1,000,000.00 | |
| CONSULTANCY AND PROFESSIONAL SERVICES | |||
| Research, Survey and Field Investigation | Consultancy Services | 500,000.00 | 500,000.00 |
| TOTAL | 500,000.00 | 500,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment and Hospitality | 600,000.00 | 900,000.00 |
| Entertainment at Meetings | Service Meeting | 300,000.00 | |
| TOTAL | 900,000.00 | 900,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Medical Expenses : Local | Medical Expenses | 300,000.00 | 300,000.00 |
| Office and General | Office and General for Office of the Managing Director | 500,000.00 | 500,000.00 |
| Promotion (Service Wide) | Advert and Promotion | 300,000.00 | 300,000.00 |
| TOTAL | 1,100,000.00 | 1,100,000.00 | |
| OTHER SERVICES | |||
| Internal Audit Expenses | Audit Report/Inspection | 300,000.00 | 300,000.00 |
| Other Services | Allowance for Canal member | 500,000.00 | 6,700,000.00 |
| Other Services | Group Life Insurance | 400,000.00 | |
| Other Services | Housing of Investors and Guests | 2,000,000.00 | |
| Other Services | Insurance | 300,000.00 | |
| Other Services | Investment/trade Promotion | 2,000,000.00 | |
| Other Services | Legal/Judgement fee | 300,000.00 | |
| Other Services | Professional Membership/Subcription | 200,000.00 | |
| Other Services | Public Relation/Donation | 200,000.00 | |
| Other Services | Searity | 300,000.00 | |
| Other Services | Sub Committee Allowance | 500,000.00 | |
| TOTAL | 7,000,000.00 | 7,000,000.00 | |
| OFFICE OF THE COMPANY SECRETARY | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 07 (6 staff) | 2,972,200.00 | 20,056,180.00 |
| Basic Salaries | GL. 08 (1 staff) | 680,210.00 | |
| Basic Salaries | GL. 12 (2 staff) | 2,343,210.00 | |
| Basic Salaries | GL. 15 (1 staff) | 1,847,630.00 | |
| Overtime Payment | Overtime Payment for Office of the Company Secretary | 534,190.00 | 534,190.00 |
| Consolidated Allowances | Consolidated Allowances for Office of the Company Secretary | 6,913,010.00 | 21,098,800.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Company Secretary | 784,320.00 | 2,005,620.00 |
| Non - Accident Bonus | Non - Accident Bonus for Office of the Company Secretary | 160,160.00 | 160,160.00 |
| Domestic Servant | Domestic Servant for Office of the Company Secretary | 300,000.00 | 300,000.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Company Secretary | 525,960.00 | |
| TOTAL | 17,060,890.00 | 44,154,950.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Company Secretary | 200,000.00 | 200,000.00 |
| Telephone Charges | Telephone and Postal Services | 100,000.00 | 100,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Company Secretary | 500,000.00 | 500,000.00 |
| TOTAL | 500,000.00 | 500,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Company Secretary | 600,000.00 | 600,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Company Secretary | 300,000.00 | 300,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Company Secretary | 300,000.00 | |
| TOTAL | 600,000.00 | 300,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Company Secretary | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Office and General | Office and General for Office of the Company Secretary | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| OFFICE OF THE HEAD OF ADMINISTRATION DEPARTMENT | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 04 (4 staff) | 988,880.00 | 15,145,040.00 |
| Basic Salaries | GL. 05 (10 staff) | 2,946,480.00 | |
| Basic Salaries | GL. 06 (4 staff) | 1,377,400.00 | |
| Basic Salaries | GL. 07 (17 staff) | 8,421,220.00 | |
| Basic Salaries | GL. 10 (2 staff) | 2,004,070.00 | |
| Basic Salaries | GL. 12 (3 staff) | 3,514,820.00 | |
| Basic Salaries | GL. 13 (2 staff) | 2,824,650.00 | |
| Basic Salaries | GL. 14 (1 staff) | 1,636,420.00 | |
| Basic Salaries | GL. 15 (1 staff) | 1,847,630.00 | |
| Basic Salaries | GL. 17 (1 staff) | 3,070,690.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Administration Department | 29,123,820.00 | 14,327,690.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Administration Department | 2,863,230.00 | 1,514,500.00 |
| Non - Accident Bonus | Non - Accident Bonus for Office of the Head of Administration Department | 396,070.00 | 160,160.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Administration Department | 1,500,000.00 | 600,000.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Administration Department | 676,090.00 | |
| TOTAL | 63,191,470.00 | 31,747,390.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Head of Administration Department | 200,000.00 | 200,000.00 |
| Telephone Charges | Telephone Charges for Office of the Head of Administration Department | 100,000.00 | 100,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Head of Administration Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Head of Administration Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Head of Administration Department | 300,000.00 | 300,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Head of Administration Department | 300,000.00 | 300,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Head of Administration Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Office and General | Office and General for Office of the Head of Administration Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| OFFICE OF THE HEAD OF INVESTMENT DEPARTMENT | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 02 (8 staff) | 602,080.00 | 11,886,330.00 |
| Basic Salaries | GL. 05 (1 staff) | 294,650.00 | |
| Basic Salaries | GL. 12 (2 staff) | 2,343,210.00 | |
| Basic Salaries | GL. 13 (3 staff) | 4,236,970.00 | |
| Basic Salaries | GL. 14 (2 staff) | 3,272,840.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Investment Department | 9,159,870.00 | 9,047,210.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Investment Department | 1,074,970.00 | 1,188,630.00 |
| TOTAL | 20,984,590.00 | 22,122,170.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Head of Investment Department | 200,000.00 | 200,000.00 |
| Telephone Charges | Telephone Charges for Office of the Head of Investment Department | 100,000.00 | 100,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Head of Investment Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Head of Investment Department | 400,000.00 | 400,000.00 |
| TOTAL | 400,000.00 | 400,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Head of Investment Department | 300,000.00 | 300,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Head of Investment Department | 300,000.00 | 300,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Head of Investment Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Office and General | Office and General for Office of the Head of Investment Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| OFFICE OF THE HEAD OF FINANCE DEPARTMENT | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 05 (2 staff) | 589,290.00 | 10,783,530.00 |
| Basic Salaries | GL. 07 (2 staff) | 990,730.00 | |
| Basic Salaries | GL. 08 (1 staff) | 680,210.00 | |
| Basic Salaries | GL. 09 (2 staff) | 1,607,420.00 | |
| Basic Salaries | GL. 10 (1 staff) | 1,002,040.00 | |
| Basic Salaries | GL. 12 (3 staff) | 3,514,820.00 | |
| Basic Salaries | GL. 15 (1 staff) | 1,847,630.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Finance Department | 8,419,270.00 | 9,303,900.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Finance Department | 1,023,210.00 | 1,078,350.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Finance Department | 300,000.00 | |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Finance Department | 590,330.00 | |
| TOTAL | 20,564,950.00 | 21,165,780.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Head of Finance Department | 200,000.00 | 200,000.00 |
| Telephone Charges | Telephone Charges for Office of the Head of Finance Department | 100,000.00 | 100,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Head of Finance Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Head of Finance Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Head of Finance Department | 300,000.00 | 300,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Head of Finance Department | 300,000.00 | 300,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Head of Finance Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Office and General | Office and General for Office of the Head of Finance Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| OFFICE OF THE HEAD OF ESTATE DEPARTMENT | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 04 (6 staff) | 1,483,330.00 | 27,486,970.00 |
| Basic Salaries | GL. 05 (4 staff) | 1,178,590.00 | |
| Basic Salaries | GL. 06 (2 staff) | 688,700.00 | |
| Basic Salaries | GL. 07 (18 staff) | 8,916,590.00 | |
| Basic Salaries | GL. 08 (3 staff) | 2,040,620.00 | |
| Basic Salaries | GL. 09 (1 staff) | 803,710.00 | |
| Basic Salaries | GL. 10 (1 staff) | 1,002,040.00 | |
| Basic Salaries | GL. 12 (6 staff) | 7,029,640.00 | |
| Basic Salaries | GL. 13 (6 staff) | 8,473,940.00 | |
| Basic Salaries | GL. 15 (2 staff) | 3,695,260.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Estate Department | 31,145,940.00 | 27,924,670.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Estate Department | 3,531,240.00 | 2,748,700.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Estate Department | 600,000.00 | 600,000.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Estate Department | 408,000.00 | |
| TOTAL | 70,997,600.00 | 58,760,340.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Head of Estate Department | 200,000.00 | 200,000.00 |
| Telephone Charges | Telephone Charges for Office of the Head of Estate Department | 100,000.00 | 100,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Head of Estate Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Head of Estate Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Head of Estate Department | 300,000.00 | 300,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Head of Estate Department | 300,000.00 | 300,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Head of Estate Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Office and General | Office and General for Office of the Head of Estate Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| OFFICE OF THE HEAD OF PROJECT DEPARTMENT | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL. 07 (2 staff) | 990,730.00 | 11,520,270.00 |
| Basic Salaries | GL. 08 (1 staff) | 680,210.00 | |
| Basic Salaries | GL. 13 (1 staff) | 1,412,320.00 | |
| Basic Salaries | GL. 14 (2 staff) | 3,272,840.00 | |
| Basic Salaries | GL. 16 (1 staff) | 2,630,290.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Project Department | 8,334,340.00 | 11,242,330.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Project Department | 898,640.00 | 1,152,030.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Project Department | 600,000.00 | 600,000.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Project Department | 525,960.00 | |
| TOTAL | 19,345,330.00 | 24,514,630.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Head of Project Department | 200,000.00 | 200,000.00 |
| Telephone Charges | Telephone Charges for Office of the Head of Project Department | 100,000.00 | 100,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Head of Project Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Head of Project Department | 300,000.00 | 300,000.00 |
| TOTAL | 300,000.00 | 300,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Head of Project Department | 300,000.00 | 300,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Head of Project Department | 300,000.00 | 300,000.00 |
| TOTAL | 600,000.00 | 600,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Head of Project Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Office and General | Office and General for Office of the Head of Project Department | 200,000.00 | 200,000.00 |
| TOTAL | 200,000.00 | 200,000.00 | |
| GRAND TOTAL | 274,904,810.00 | 256,875,110.00 | |
