TMA Performance Report to CEO
- A
quarterly performance report shall be prepared and signed by the TMA
Manager and submitted to the Accounting Head for inclusion into
the quarterly management report to the CEO. A copy
of the report shall also be forwarded to the Ministry of Finance.
- The
report shall provide the following information:
o
TMA financial statements comprising of a trading and
manufacturing account, profit & loss statement and balance sheet;
o
a comparison of performance to date with the business
plan targets.
TMA Profits/Loss
- After
the close of each year, the Accounting Head shall transfer profits
realized from the trading and manufacturing activity shall be transferred
to the Consolidated Fund, unless there is a revenue retention arrangement
with the Minister for Finance.
- The
TMA Manager shall submit any losses incurred for write-off each
year in accordance with Part 14 of the Manual.
Audit of TMA Operations
- TMA
accounts staff must provide the necessary information requested during
an audit of the TMA.
- It
is the responsibility of the TMA Manager to answer any queries that
may arise from the auditor’s Management Letter or Audit Report on the TMA.
TMA Annual Report
- The
TMA annual report shall be prepared by the TMA manager for
inclusion into the agency’s annual report. The report shall include:
o
a copy of the audited TMA annual financial statements;
o
actual performance compared to the business plan
targets.
(Proforma Finance Manual)