Local Government Budget Officers in the State of Osun have been charged to prepare a transparent and realizable budget for 2018.
The Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs in the state, Mr Muftau Oluwadare gave the charge today while declaring open seminar for Heads of Budget in the local government on the International Public Sector Accounting Standard (IPSAS).
The State Accountant General, Akintayo Kolawole who was represented by the Director of Final Account, Mr Ojo explained that IPSAS required full disclosure of financial information of government in the budget preparation.
Mr Akintayo said ‘whatever we budget for there must be corresponding figure for it.’ He added that the era of forcing the budget to balance was over saying that there are must be justification for every items in the budget.
The Auditor – General for Local Government, Mr Kolapo Emmanuel advised them to work in collaboration with other officials of the Council to ensure production of implementable budget.
The Director of Finance and Account of the Ministry of Local Government and Chieftaincy Affairs, Mr Ibrahim Adewale encouraged budget Officers to make use of excel to prepare budgets.
The Director of Local Government and Inspectorate Services, Mr Kola Adedokun advised them to follow the call circular sent to them to prepare their budget.
