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Published Audit Report on the Final Statement of Budget Accounts of the Capital of Podgorica for 2015

Podgorica, 9th December 2016 – According to the Annual Audit Plan for 2016, the State audit institution has performed an audit of the Final Statement of Budget Accounts of the Capital of Podgorica for 2015.

Based on the conducted audit, established facts and consideration of the audited entity's response to the Preliminary Report of SAI, the competent Auditing Board consisting of PhD Milan Dabović, president of Senate – head of the Auditing Board and PhD Branislav Radulović, member of Senate – member of the Auditing Board, has expressed unqualified audit opinion with emphasis of matter on financial audit and qualified opinion on regularity audit.

The financial audit of the Final Statement of Budget Accounts of the Capital of Podgorica for 2015 has established that the Final Statement of Budget Accounts does not contain material misstatements and it gives fair and objective presentation of recorded receipts and expenditures on cash basis, expect for irregularities contained in the comments to the Statement on consolidated public spending for 2015, which refer to canceled budgetary funds and manner of keeping records of the receipts and expenditures. The irregularities led to surplus that the amount expressed is lower for 278.897,14€.

The regularity audit of the Decision on Final Statement of Budget Accounts of the Capital of Podgorica for 2015 has established that the Capital of Podgorica has not in all aspects complied its business activities with the legal and other regulations governing the operations of the audited entity. The audit has found a certain deviations and noncompliance with the following legal and sub-legal regulations: Law on Public Internal Financial Control, Law on Budget and Fiscal Responsibility, Law on the Financing of Local Self‐Governments, Law on Civil Servants and State Employees, Law on Public Procurement, Law on State Property, Instruction on manner of keeping records of movable and immovable property and of inventory of the ownership of the state, Regulation on Uniform Classification of Accounts for the Budget, Extra‐budgetary Funds and Budgets of Municipalities and Directions on operations of the Treasury of the Capital Podgorica.

The final Audit Report on the Final Statement of Budget Accounts of the Capital of Podgorica for 2015 has been officially published at the web site of the State audit institution of Montenegro.

Audit Report on Annual Final Statements of the Capital Podgorica for 2015 (mne)