The Mayor of the Limbe I
Council, Rodanny Mbua Mokako, and that of the Limbe II Council, Duncan Molindo,
have told Fako SDO that 2015 was a difficult year due to taxes and debts.
The Mayors were addressing themselves to the First Assistant SDO of Fako, Vincent Nafongo Lokombe, who was in the two councils, respectively on May 6 at the Limbe I and on May 7 at the Limbe II, to preside at the examination of the accounts of the two councils for the 2015 fiscal year. Mayor Rodanny said his Council collected a total sum of FCFA 413.170 million out of FCFA 632 million that was budgeted. Of the above amount, he said, a total of FCFA 410.829 million was spent on both recurrent and investments.
The Mayors were addressing themselves to the First Assistant SDO of Fako, Vincent Nafongo Lokombe, who was in the two councils, respectively on May 6 at the Limbe I and on May 7 at the Limbe II, to preside at the examination of the accounts of the two councils for the 2015 fiscal year. Mayor Rodanny said his Council collected a total sum of FCFA 413.170 million out of FCFA 632 million that was budgeted. Of the above amount, he said, a total of FCFA 410.829 million was spent on both recurrent and investments.
As to why such a huge amount
just for taxes, Mayor Rodanny said councils “find themselves in a situation
where once they don’t pay their dues on time, they are bound to pay later but
with very heavy fines and these are the fines that” guzzled up lots of the
councils’ money that could have been invested for projects.
The Mayor urged the SDO to try and assist the councils so that taxation can exonerate them from such crippling fines. Meantime, Mayor Duncan of the Limbe II Council said, out of FCFA 472.754 million budgeted for 2015, FCFA 339.440 was successfully collected recording a 69.68 percent recovery rate.
Duncan, nevertheless, told the SDO that they would have done even better, were it not for the fact that so many establishments still owe his Council. He disclosed that the Shipyard Project at Mokundange owed the Council unpaid taxes up to the tune of FCFA 24 million, whereas the Council Support Fund, FEICOM, as well as the Limbe City Council, still owe them some subvention money for 2015.
The Mayor urged the SDO to try and assist the councils so that taxation can exonerate them from such crippling fines. Meantime, Mayor Duncan of the Limbe II Council said, out of FCFA 472.754 million budgeted for 2015, FCFA 339.440 was successfully collected recording a 69.68 percent recovery rate.
Duncan, nevertheless, told the SDO that they would have done even better, were it not for the fact that so many establishments still owe his Council. He disclosed that the Shipyard Project at Mokundange owed the Council unpaid taxes up to the tune of FCFA 24 million, whereas the Council Support Fund, FEICOM, as well as the Limbe City Council, still owe them some subvention money for 2015.