Accounting errors caused AG’s $359M discrepancies at KSAMC- Mayor Williams

3 years ago

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Mayor of Kingston Delroy Williams assured councillors of the Kingston and St Andrew Municipal Corporation (KSAMC), that measures are being put in place to correct the $359 million discrepancies that the Auditor General (AG) found at the entity.

Williams, at the monthly sitting of the KSAMC at the Jamaica Conference Centre, maintained that while the AG’s Report flagged many “accounting errors”, they were minor and started as far back as 2014.

According to Williams, staff in the office of the Chief Financial Officer has so far corrected errors amounting to $348 million and will continue the search to find the errors of the remaining $11 million.

“We are have been imploring them to take the time and go through it and to ensure that we are on top of the situation and to ensure that we have accurate information and so that we can take action.

“But just to say that it is not only to identify but also to ensure that we don’t continue to have these issues, so we have asked the CFO to come up with some measures that would prevent this from happening,” Williams told the councillors.

He said that actions have already started to prevent the errors from happening again, which include changing the coding system that he said was very close to each other in the past.

The Auditor General’s Report, which was recently tabled in the House of Parliament, claimed that there were discrepancies in the expenditures, mainly through roadwork maintenance through the Parochial Revenue Fund (PRF).