PARLIAMENT – Budadiri East Member of Parliament, Hon. Eng. Julius Nakiyi Muntu, has challenged officials from Roko Construction Limited and the Uganda Registration Services Bureau (URSB) to explain discrepancies in financial records relating to property expenditure and reported cash balances.
Nakiyi raised the concerns while questioning officials during a meeting of Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE), where he examined figures presented in the financial statements.
Drawing attention to the cash flow statement under investing activities, the legislator pointed out that Shs561 million had been recorded as expenditure on the purchase of property.
However, he noted that the statement of appropriation, particularly Note 2014, reflected actual expenditure of approximately Shs1.699 billion on property acquisition.
He questioned why the figures in the different financial records did not correspond, asking the officials to account for the apparent variations.
Nakiyi also scrutinised the reported cash position, arguing that the figures presented in the balance sheet and the deposits reported in the financial statements appeared inconsistent.
He further challenged the officials to explain the differences in the reported balances, saying the figures required reconciliation to establish the actual financial position.
The MP’s questioning centred on the need for accurate financial reporting, proper accounting for expenditure and transparency in the management of institutional resources.
He urged the officials to provide a clear explanation of the figures rather than leave discrepancies between the different financial statements unexplained.
