By Nchendzengang Tatah
The steady growth of the Kumba City Council in the last four years, beginning in 2020, came under review during the 2024 Administrative, Management and Stores Management Accounts for 2024, held in Kumba on April 22. It was examined that the municipality had retained an impressive realization rate.
Kumba City Council accounts experienced a significant increase rising from 923,068,385 francs CFA in 2020 to 2,837,524,501 francs CFA in 2024. For this milestone stone, councillors greeted the oversight of the City Mayor, Ntemoyok Mewanu Gregory.
“This increase can be attributed to the growing realization of our lobbying efforts and conscientious management of our resources. The City council is gradually reaping the fruits of her labor and we remain positive that in subsequent sessions, the administrative accounts will hit three billion and above,” Mayor Mewanu said.
He went on to announce the imminent visit of a delegation from the Hydrocarbons Prices Stabilization Fund (CSPH) to Kumba, for the laying of the foundation stone of a gas plant. Mayor Mewanu was optimistic about its outcome on the lives of the denizens of the town.
Figure presentation
The initial budget for the 2024 financial year was drawn to balance revenue and expenditure at the sum of 6,500,000,000 francs CFA. An additional budget of 250,000,000,000 francs CFA was, however, endorsed by the city board members during the mid-term budgetary session, giving a total budget of 6,750,000,000 francs CFA.
Revenue realised came up to 2,837,524,501 francs CFA with a 42.04% increase against a 25% realization rate in 2023. Recurrent revenue was recovered to the tune of 1,817,859,031 francs for a recurrent budgetary allocation of 2,471,986,182 francs CFA showing a 73.5% realization, while investment revenue was realized to
the tune of 1,019,665,470 francs CFA for an investment budgetary estimate of 4,278,013,818 francs CFA giving a realization rate of 23.84%. Conversely, total expenditure stood at 2,594,143,716 with a rate of realization of 38.43% as against 20.05% in 2023.
Work intensified
In his address, the City Mayor assured that efforts were being intensified in the construction of the ultra-modern council chambers, the construction of the Mambanda Motor Park, the completion of a meat market with a cold store at the Fiango market, the construction of a fruit market, the purchase of another generator, and the transformation of Alaska Street and Lumumba Street with paved bricks as well as other streets in Kumba. It was on this note of achievements and prospects that the City Council accounts were adopted for 2024.
