She noted that the management did not provide vouchers for the expenditures.
Parents are also demanding payments for Richindetos Enterprises, Stekah Enterprises ,Jerex Sport, All Shopping Complex investigated.
FAILURE TO TRANSFER FUNDS FROM THE OPERATIONS ACCOUNT TO INFRASTRUCTURE ACCOUNT
According to the audit report, the statement of receipts and payments reflects capitation grants for operations amount of Kshs.9,933,571 which includes Kshs.2,372,500 that was not transferred to the infrastructure account as required by the Ministry of Education Circular Ref. No:
MOE.HQS/3/13/3 dated 16 June, 2021.
UN-SUPPORTED RECEIVABLES
The statement of financial assets and financial liabilities reflects accounts receivable balance of Kshs.10,025,246 as disclosed in the financial statements.
However, the supporting schedules, detailed ageing analysis and issued invoices were not provided for audit for receivables totalling Kshs.8,017,1 59 .
Further, significant accounting policies on accounts receivables as disclosed in Note 1 1 is silent on the treatment of students fee balances which is a major source of income for the School.
In the circumstances, the accuracy, completeness and recoverability of the accounts receivables balance of Kshs.10,025,245 could not be confirmed.
The statement of receipts and payments reflects capitation grants for tuition and operations amount of Kshs.2,270,511 and Kshs.9,933,571 as disclosed in Note 1 and 2 to the financial statements.
Review of documents related to the School's enrolment data revealed that there were discrepancies between the students' data in the National
Education Management lnformation System (NEMIS) and School records relating to the enrolment of students
NON-COMPLIANCE WITH PUBLIC SECTOR ACCOUNTING STANDARDS BOARD REPORTING REQUIREMENTS
The statement of receipts and payments reflect period for the year ended 30 June, 2022 as opposed to statement of receipts and payments for the year ended 30 June, 2022.
In addition, progress on follow up of audit recommendations had comments yet the prior year report has not been submitted to parliament.
Late Submission of Financial Statements for Audit
During the year under review, Management submitted the financial statements to the
Auditor-General on 14 August, 2023. instead of the statutory deadline of
30 September 2022
LACK OF OWNERSHIP DOCUMENTS
The financial statements reflects summary fixed assets register balance of Kshs.146,760,000 as at 30 June, 2022 in respect of fixed assets which includes land with a balance of Kshs.25,000,000 and buildings and structures Kshs.106,000,000.
The value of buildings and structures decreased by Kshs.1,000,000 from the previous year balance of Kshs.1 ,700,000. Further, Management only provided an allotment letter as proof of ownership of the parcels of land and the School is yet to obtain the title deed.
In the circumstances, the ownership, valuation and fair statement of the School's assets as at 30 June,2022 could not be confirmed
2023 AUDIT
UNSUPPORTED RECEIVABLES
According to the 2023 Audit Report, the statement of financial assets and financial liabilities reflects accounts receivable balance of Kshs.1 5,331 ,769 as disclosed in Note 1 1 to the financial statements.
However, the supporting schedules, detailed ageing analysis and issued invoices were not provided for audit for receivables totalling Kshs.8,732,506 and which have been outstanding for over two (2) years. Further, significant accounting policies on accounts receivables as disclosed in Note 1 1 is silent on the treatment of student's fee balances which is a major source of income for the school.
In the circumstances, the accuracy, completeness, and recoverability of the accounts receivables balance of Kshs.15,331,769 could not be confirmed.
INACCURACIES IN CAPITATION GRANTS
The statement of receipts and payments reflects capitation grants for tuition and operations amount of Kshs.1,664,780 and Kshs.6,758,551 as disclosed in the financial statements. Review of documents related to the School's enrolment data revealed that there were discrepancies between the students' data in the National Education Management lnformation System (NEMIS) and School records relating to the
enrolment of students.
In July 2022, NEMIS reported a total of four hundred and ninety four (494) students in school while the records from the physical class registers had seven hundred and twenty-eight (728) students resulting in a variance of seven (234) students.
Further, in April 2023, NEMIS reported a total of six hundred and four (604) students while the records from physical class registers had six hundred and forty-eight (&8) students resulting in a variance of eight (44) students.
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