Government of Anguilla 2019 Accounts

Report of the Chief Auditor to the House of

Assembly

Report of the Chief Auditor on the 2019 Accounts

Audit of Financial Statements Report 2019 and 2020 Accounts

Report of the Accountant General

Statement of Accounts Chief Auditor’s Report on the Audit of the 2019 Financial

Statements to the Government of Anguilla

Qualified Opinion on Financial Statements

I have audited the financial statements of the Government of Anguilla for the year ended 31

December 2019 under the Financial Administration and Audit Act 2010 (the Act). These comprise of

the Statement of Financial Performance, the Statement of Receipts and Payments, the Statement of

Assets and Liabilities, the Consolidated Statement of Cashflows for the year then ended and the

related notes, including a summary of significant accounting policies.

In my opinion, except for the possible effects of the matters described in the Basis for Qualified

Opinion section of my report, the financial statements present fairly, in all material respects, the

financial position of the Government of Anguilla as at 31 December 2019 and the amounts recorded

for total receipts and payments, financial performance, cash flows and assets and liabilities for the

year, in accordance with the Act, directions made thereunder by the Minister of Finance and Part 1 of

the International Public Sector Accounting Standard Financial Reporting Under the Cash Basis of

Accounting.

Basis for Qualified Opinion on Financial Statements

As was the case in previous years, the Government of Anguilla had not maintained adequate

accounting records to support the:

• validity of advances and deposits; and

• completeness, accuracy and validity of arrears of revenue

In addition:

• the accounts do not include a statement outlining the details of remissions, write-offs and

settlements as required by Section 21 of the Act.

I conducted my audit in accordance with Section 55 of the Act and International Standards on

Auditing (ISAs). My responsibilities under those standards are further described in the Auditor’s

Responsibilities for the Audit of the Financial Statements section of my report. I am independent of

the Government of Anguilla in accordance with the International Ethics Standards Board for

Accountants’ Code of Ethics for Professional Accountants (IESBA Code) together with the ethical

requirements that are relevant to my audit of the financial statements in Anguilla, and I have fulfilled

my other ethical responsibilities in accordance with these requirements and the IESBA Code. I believe

that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my qualified

opinion.

Qualified Opinion on Regularity

In my opinion, except for:

• the authorisation of reallocation and virement warrants;

• the financial effects of any adjustments that might have been necessary, had I been provided with

the evidence relating to the completeness of property tax, interim stabilisation levy and

accommodation tax, along with the unknown impact of using incorrect tax rates for imports of

petroleum and diesel; • the authorisation of advances from the Consolidated Fund;

• omitting relevant deposits over five years old from the Consolidated Fund; and

• the approval of remissions;

in all material respects, the receipts and payments recorded in the financial statements have been

applied to the purposes intended by the House of Assembly and conform to the authorities which

govern them.

Basis for Qualified Opinion on Regularity

Reallocation and Virement Warrants

Section 30 of the Act states that the Minister of Finance, under his or her hand, may direct surpluses

by means of a virement warrant. Section 31 of the Act states that the Minister of Finance may issue

reallocation warrants under his or her hand.

All reallocation and virement warrants issued in 2019 were authorised by the Permanent Secretary –

Finance or the Deputy Permanent Secretary, Finance and not the Minister of Finance. I therefore

qualify my audit opinion as both virement and reallocation warrants were not authorised in the manner

required by the Act.

Tax Revenue

The Government of Anguilla had not developed and operated adequate processes to demonstrate

that all payments due to the Government for:

• Property Tax;

• Interim Stabilisation Levy; and

• Accommodation Tax;

during 2019 had been identified for collection in accordance with relevant legislation. I therefore

qualify my audit opinion in this respect.

Taxes on International Trade

The Government of Anguilla used incorrect tax rates for imports of petroleum and diesel. I therefore

qualify my regularity opinion as I am unable to confirm whether duties have been collected in

accordance with relevant legislation.

Advances

Section 46 of the Act states that the Minister of Finance, may by advance warrant under his or her

hand, authorise the Accountant General to make advances from the Consolidated Fund or from a

deposit received by the Government. Advances made in 2019 were not authorised by the Minister of

Finance. I therefore qualify my audit opinion as advances were not authorised in the manner required

by the Act.

Deposits

Section 47(5) of the Act states that, a deposit that is unclaimed for five years shall, subject to the

provisions of any law, cease to be a deposit and accrue to the Consolidated Fund but the Minister of Finance may direct the refund of a deposit to a person who subsequently satisfies the Minister of

Finance that that person is entitled to it. As documentation is not available to support all deposits, I

qualify my audit opinion as I have been unable to confirm whether deposits have been treated in

accordance with the Act.

Approval of Remissions

Section 18(4) of the Act states that: ‘a remission of a tax, fee or other amount…shall not exceed

$1,000 or such greater amount in any financial year as may be prescribed by regulation by the

Governor in Council with the approval of the House of Assembly.’

While remissions were approved by the Governor in Council, I was not provided with evidence of

approval by the House of Assembly for all remissions. I therefore qualify my audit opinion as

remissions were not authorised in the manner required by the Act.

Other Information

Management is responsible for the other information in the Report and Accounts of the Consolidated

Fund. The other information comprises the information included in the annual report other than the

financial statements and my auditor’s report thereon. The other information comprises the Accountant

General’s Report. My opinion on the financial statements does not cover the other information and,

except to the extent otherwise explicitly stated in my report, I do not express any form of assurance

conclusion thereon.

In connection with my audit of the financial statements, my responsibility is to read the other

information to identify material inconsistencies with the audited financial statements and to identify

any information that is apparently materially incorrect based on, or materially inconsistent with, the

knowledge acquired by me in the course of performing the audit. If I become aware of any apparent

material misstatements or inconsistencies, I consider the implications for my report.

Matters on Which I Report by Exception

With the exception of the issues raised in the basis of qualified opinion on regularity and basis for

qualified opinion on the financial statements, I have nothing to report in respect of the following

matters which I report to you if, in my opinion:

• adequate accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records and returns; or

• I have not received all the information and explanations I require for my audit.

Responsibilities of Management and Those Charged with Governance for the

Financial Statements

As explained in the Statement of Responsibilities, Management is responsible for the preparation of

the financial statements that present fairly in accordance with Section 52 of the Act and the

appropriate Ministerial Direction. The Direction requires, inter alia, the accounts to comply with Part 1

of the International Public Sector Accounting Standard Financial Reporting under the Cash Basis of

Accounting. Management is also responsible for such internal control as management determines is

necessary to enable the preparation of financial statements that are free from material misstatement,

whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Government of

Anguilla’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to cease

operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Government of Anguilla’s financial

reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

My objectives are to obtain reasonable assurance about whether the financial statements, as a whole,

are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report

that includes my opinion. Reasonable assurance is a high level of assurance but is not a guarantee

that an audit conducted in accordance with ISAs will always detect a material misstatement when it

exists. Misstatements can arise from fraud or error and are considered material if, individually or in the

aggregate, they could reasonably be expected to influence the economic decisions of users taken on

the basis of these financial statements. As part of an audit in accordance with ISAs, I exercise

professional judgment and maintain professional scepticism throughout the audit. I also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to

fraud or error, design and perform audit procedures responsive to those risks, and obtain audit

evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not

detecting a material misstatement resulting from fraud is higher than for one resulting from error,

as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override

of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose of expressing an

opinion on the effectiveness of the Government of Anguilla’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting

and, based on the audit evidence obtained, whether a material uncertainty exists related to events

or conditions that may cast significant doubt on the Government of Anguilla’s ability to continue as

a going concern. If I conclude that a material uncertainty exists, I am required to draw attention in

my auditor’s report to the related disclosures in the financial statements or, if such disclosures are

inadequate, to modify my opinion. My conclusions are based on the audit evidence obtained up to

the date of my auditor’s report. However, future events or conditions may cause the Government

of Anguilla to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the

disclosures, and whether the financial statements represent the underlying transactions and

events in a manner that achieves fair presentation.

I communicate with those charged with governance regarding, among other matters, the planned

scope and timing of the audit and significant audit findings, including any significant deficiencies in

internal control that I identify during my audit.

I also provide those charged with governance with a statement that I have complied with relevant

ethical requirements regarding independence, and to communicate with them all relationships and

other matters that may reasonably be thought to bear on my independence, and where applicable,

related safeguards. Responsibilities for Regularity

The Accountant General is responsible for ensuring the regularity of financial transactions.

I am responsible for expressing an opinion on whether the receipts and payments have been applied

to the purposes intended by the House of Assembly and conform to the authorities which govern

them.

Richard Harries Audit Wales

Chief Auditor 1 Capital Quarter

Cardiff

CF10 4BZ

Date: 26 May 2026 United Kingdom Audit of Financial Statements Report –

Government of Anguilla

Audit years: 2019 & 2020

Date issued: July 2025 This document has been prepared for the internal use of the Government of Anguilla as part of work

performed in accordance with statutory functions and the letter of engagement between the

Government of Anguilla and the Wales Audit Office. Contents

As the Chief Auditor, I intend to issue a qualified audit report on your 2019 and 2020 financial statements.

There are also further issues to report to you on both years prior to the approval of the accounts, many of

these are consistent with previous years and will be reported until we have recovered the audit position.

Audit of Accounts Report

Introduction 4

Proposed Audit Opinion 5

Significant Issues Arising from the Audits 7

Recommendations 8

Independence and Objectivity 8

Appendices

Appendix 1 – Summary of Corrections Made 9

Page 3 of 10 - Audit of Financial Statements Report – Government of Anguilla Introduction

1 As the Chief Auditor, I am responsible, in accordance with the Financial Administration and Audit Act

(the Act) for providing an opinion on whether:

• the financial statements present fairly the financial position of the Government of Anguilla’s

Consolidated Fund as at 31 December 2019 and as at 31 December 2020; and

• the receipts and payments have been applied to the purposes intended by the House of

Assembly and conform to the authorities which govern them.

2 I do not try to obtain absolute assurance that the financial statements are correctly stated but adopt

the concept of materiality. In planning and conducting the audit, I seek to identify material

misstatements in your financial statements, namely, those that might result in a reader of the

accounts being misled.

3 The quantitative levels at which I judge such misstatements to be material for the Consolidated Fund

for both years to be EC$2.5 million. Whether an item is judged to be material can also be affected by

certain qualitative issues such as legal and regulatory requirements and political sensitivity.

4 International Standard on Auditing (ISA) 260 requires me to report certain matters arising from the

audit of the financial statements to those charged with governance of a body in sufficient time to

enable appropriate action.

5 This report sets out for consideration the matters arising from the audit of the financial statements of

the Consolidated Fund, for 2019 and 2020, that require reporting under ISA 260 to the Permanent

Secretary – Finance.

6 I have now completed the audit work on both the 2019 and 2020 financial statements, and I

summarise the findings from my audit in this report. I have already discussed these issues with the

Accountant General.

7 The certification of the 2019 and 2020 financial statements is coming shortly after signing off the 2018

financial statements but is still some five years after the 2019 and 2020 year-ends. There are a

number of reasons for this, including the impact of the COVID19 pandemic and the fact that my team

were unable to travel to the island to complete audit work for two years. However, over the last twelve

months there has been considerable progress made by both the Government (the Treasury and

Finance Departments and the Internal Audit Service) and by my team to move the audit process

forward.

8 This report finalises stage one of my agreed recovery plan with the Government where I agreed a

plan to certify the 2018, 2019 and 2020 accounts in 2025. This was to close the remaining audits

under the ‘old contract’ and then stage two was to agree a contract extension to complete the audit of

the 2021, 2022, 2023 and 2024 financial statements by the Summer of 2027. This contract extension

has recently been finalised, and we are now planning to deliver stage two of the recovery plan with

key stakeholders during the next two years.

Page 4 of 10 - Audit of Financial Statements Report – Government of Anguilla 9 The Government and I are extremely keen to meet this recovery plan, and I will work with the

Government to facilitate the improvements needed to the accounts and audit process to enable us to

be in a position to certify accounts and report issues on a timelier basis.

Proposed Audit Opinion

10 I intend to issue qualified audit opinions on both years (2019 & 2020) accounts once you have

provided me with a Letter of Representation covering 2019 and 2020.

11 I issue a ‘qualified’ audit opinion where I have material concerns about some aspects of your

accounts; otherwise, I issue an unqualified opinion. The majority of these qualifications have rolled

forward from previous years, cover both years accounts and will be reported until we recover and

review the audit position under the contract extension.

12 The Letter of Representation contains certain confirmations I am required to obtain from you under

auditing standards along with confirmation of other specific information you have provided to me

during the audit.

13 My audit report is qualified in respect of matters outlined in Exhibit 1. All of these qualifications are

the same as in my report on previous years’ financial statements, so whilst, given the timing of the

audits and the accounts position, it is disappointing to have qualified accounts, it is pleasing that there

are no new qualifications for 2019 and 2020. Going forward I will review and consider the impact of

these qualifications.

Exhibit 1: reasons for my qualified audit opinion for 2019 and 2020

Opinion qualified Reason for qualification

Regularity opinion – recurring qualification issues for 2019 and 2020

Taxes and Levies Taxes on International Trade

Tax rates for petroleum and diesel are different and were incorrectly

included in the Customs duties/taxes collection system. This means that

there could be under, or overpayment of taxes, and I am unable to quantify

the impact.

As a result, I was not able to obtain assurance that these taxes and levies

had been calculated in accordance with legislation.

Taxes and Levies • Property tax

• Accommodation tax

• Interim stabilisation levy

No reconciliations are undertaken between records held by other

departments, such as the Land and Survey Department’s register of

properties and records of businesses maintained by the Ministry of Finance.

Page 5 of 10 - Audit of Financial Statements Report – Government of Anguilla Opinion qualified Reason for qualification

As a result, I was not able to obtain assurance that these taxes and levies

had been calculated in accordance with legislation.

Authorisation of Reallocation and virement warrants have been authorised by the Permanent

reallocation and virement Secretary, rather than, as required by the Act, by the Minister of Finance.

warrants

One of the difficulties is that very large numbers of reallocation and virement

warrants are issued, often of small value. Consideration could therefore be

given to grouping together reallocations and virement, into a smaller number

of summary adjustments, which makes it more feasible for them to be

signed by the Minister.

Deposits Deposits over five years are not identified and added to the Consolidated

Fund as required by Section 47 of the Act.

I do note that some deposits relate to ongoing projects where it would not be

appropriate to add to the Consolidated Fund.

Advances Advances were not authorised by the Minister of Finance as required by

Section 46 of the Act.

Remissions While remissions were approved by Executive Council, I was not provided

with evidence of approval for by the House of Assembly for all remissions

over $1,000 as required by Section 18(4) of the Act.

Presents fairly opinion – recurring qualification issues for 2019 and 2020

Advances I was unable to obtain audit evidence to support the completeness,

accuracy, validity and recoverability of advances disclosed in the notes to

the accounts because:

• the Government does not keep records and reconciliations to support all

individual advances; and

• some advances appear to be inter-ministry/departmental transactions

which may not meet the definition of an advance

Deposits I was unable to obtain audit evidence to support the completeness,

accuracy, and validity of deposits disclosed in the notes to the accounts

because:

• the Government does not keep records and reconciliations to support

individual deposits; and

• some deposits appear to be inter-ministry/ department transactions

which may not meet the definition of a deposit.

Arrears of revenue I was unable to obtain audit evidence to support the completeness,

accuracy, and validity of arrears of revenue shown in the notes to the

accounts because:

• there are a lack of system prints to support all arrears declared by

departments - this is because systems are live, and in many cases,

reports cannot be retrospectively reproduced

• for transactions where system prints are available, individual balances at

31 December 2019 and 31 December 2020 cannot be fully supported as

there are constant changes in arrears and payments being received

Page 6 of 10 - Audit of Financial Statements Report – Government of Anguilla Opinion qualified Reason for qualification

• there are no reviews of collectability undertaken to establish whether the

arrears will ever be received by the Government; and

• there is a lack of pro-active chasing of arrears

Remissions, write-offs and The accounts do not disclose the information in respect of remissions, write-

settlements offs and settlements as required by Section 21 of the Act.

Significant Issues Arising from the Audit

Uncorrected misstatements

14 There is one uncorrected misstatement in the financial statements for both 2019 and 2020. At 31

December 2019 and 2020, the Government held a deposit of XCD$1.235m with British American

Insurance (BAI) which is shown in note 13 of the 2019 and 2020 statements. BAI has been in

liquidation since 2007. It is currently estimated that depositors will recover up to 25% of the value of

their deposits and XCD$165,000 was received in 2018. Fiscal Reserve Deposits are therefore

overstated by up to XCD1.050million in both 2019 and 2020. The Government have decided to refer

to this in a post balance sheet event note rather than adjusting the carrying value of the deposit.

15 If you decide not to correct this misstatement, I ask that you confirm in the letter of representation that

you concur with management’s reasons for not adjusting the financial statements.

Corrected misstatements

16 There are misstatements that have been corrected by management for both 2019 and 2020, which I

consider should be drawn to your attention due to their relevance to your responsibilities over the

financial reporting process. They are set out with explanations in Appendix 1.

Other significant issues arising from the audit of the 2019 and

2020 financial statements

17 In the course of the audit, we consider a number of matters relating to the accounts and report any

significant issues arising to you. Given the timing of the audit and the certification of 2019 and 2020,

there were some consistent issues arising in these areas for both 2019 and 2020.

18 My audit identified material weaknesses in your internal controls and financial reporting

processes. These issues contributed to the qualification issues covered above. In addition, I have

identified instances where Government systems do not have appropriate updates when tax, levy or

duty rates change.

Page 7 of 10 - Audit of Financial Statements Report – Government of Anguilla Whilst my opinion on the financial statements is not qualified in this regard, the Government may not

be collecting all of the revenue that it is legislatively able to.

19 I have encountered some difficulties during the audit. As indicated in the qualification issues

covered above, there are some gaps in the Government’s records to support transactions and

balances in the financial statements. In some instances, the Government’s Treasury Department has

been unable to obtain information from other Ministries/Departments. In order to deliver the agreed

recovery plan and bring audits up to date, all Government departments will need to support the

completion of the audits by providing requested information on a timely basis. My team and I will

continue to provide engage with and provide support and training to all officers.

Recommendations

20 I have previously raised recommendations arising from my audit, particularly in respect of the areas of

the financial statements that I have needed to qualify my opinion on for several years. I have not

repeated these recommendations in this report as many of the recommendations relate to tax and

levy streams that have been replaced in 2022 by GST. However, I will be issuing an ‘end of

contract’ report that may contain relevant recommendations/areas for improvement for the

Government to address for the 2021 – 2024 financial statements accounts production and

audit cycle.

21 As I have indicated above, I will work with the Government to address any recommendations that

continue to impact on future years’ financial statements, but our collective effort will now focus on

completing the accounts and audit process on a timelier basis.

Independence and Objectivity

22 As part of the finalisation process, I am required to provide you with representations concerning my,

and the audit team’s, independence.

23 I have complied with ethical standards and in my professional judgment, I and the audit team are

independent, and our objectivity is not compromised. There are no relationships between Audit Wales

and the Government of Anguilla that I consider could have an impact on our objectivity and

independence.

Page 8 of 10 - Audit of Financial Statements Report – Government of Anguilla Appendix 1

Summary of Corrections Made for Both the 2019

and 2020 Accounts

During our audit we identified the following misstatements that have been corrected by management, but

which we consider should be drawn to your attention due to their relevance to your responsibilities over the

financial reporting process.

Summary of corrections made to the 2019 Financial Statements

Value of correction Nature of correction

Note 11 Advances and Note The notes were reformatted into categories to provide

12 Deposits more useful information for the reader of the accounts.

The overall balances remained the same.

Note 20 Statement of XCD1,777,000 was added to Customs Duties and XCD

Remissions, Write offs and 195,000 added to Alien Land Holding Licence

Settlements Exemptions as these were omitted in error.

XCD 1,777,000 Customs

Duties

XCD 195,000 Alien Land

Holding Licence

Various Narrative amendments and other lower value

amendments were made along with updates of prior year

comparative figures and rounding errors were corrected

to improve the quality of the accounts for the reader.

This includes correcting for the impact of amendments

made to the prior year accounts.

Page 9 of 10 - Audit of Financial Statements Report – Government of Anguilla Summary of corrections made to the 2020 Financial Statements

Value of correction Nature of correction

Note 11 Advances and Note The notes were reformatted into categories to provide

12 Deposits more useful information for the reader of the accounts.

The overall balances remained the same.

Note 20 Statement of XCD316,000 was removed from write offs included in the

Remissions, Write offs an d note as these were included in error.

Settlements

XCD 316,000

Various Narrative amendments and other lower value

amendments were made along with updates of prior year

comparative figures and rounding errors were corrected

to improve the quality of the accounts for the reader.

This includes correcting for the impact of amendments

made to the prior year accounts.

Audit Wales

Tel: 029 2032 0500

Fax: 029 2032 0600

Textphone: 029 2032 0660

E-mail: info@audit.wales

Website: www.audit.wales

Page 10 of 10 - Audit of Financial Statements Report – Government of Anguilla Government of Anguilla Report & Accounts - FY 2019

Annual Report and Financial

Statements for the Financial Year

2019 Government of Anguilla Report & Accounts - FY 2019

Table of Contents

STATEMENT OF RESPONSIBILITY

REPORT OF THE ACCOUNTANT GENERAL

Introduction

The FY 2019 Fiscal Review

The FY 2019 Budgeted Review

Recurrent Revenue

Recurrent Expenditure

Recurrent and Capital Balances

Variance Between Revenue and Expenditure

Contribution to Fiscal Reserves

Capital Revenue

Capital Expenditure

Advances and Deposits

Public Debt and Contingent Liabilities

Loans Made From the Consolidated Fund

Arrears of Revenue

Arrears of Expenditure

Remissions, Write Offs and Settlements

Gifts

Acknowledgements Government of Anguilla Report & Accounts - FY 2019

NOTES TO THE ACCOUNTS

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTANT POLICIES

NOTE 2 – CASH AND CASH EQUIVALENTS

NOTE 3 – RECURRENT REVENUE COLLECTION BY MINISTRY

NOTE 4 – DETAILED STATEMENT OF RECURRENT REVENUE COLLECTION

NOTE 5 – RECURRENT EXPENDITURE BY MINISTRY

NOTE 6 – DETAILED STATEMENT OF RECURRENT PAYMENT

NOTE 7 – DETAILED STATEMENT OF CAPITAL RECEIPTS

NOTE 8 – DETAILED STATEMENT OF CAPITAL PAYMENTS

NOTE 9 – CONSOLIDATED FUND

NOTE 10 – LONG TERM LIABILITIES

NOTE 11 – ADVANCES

NOTE 12 – CASH AND CASH EQUIVALENTS

NOTE 13 – LOANS AND ADVANCES ISSUED

NOTE 14 – INVESTMENTS

NOTE 15 – CAPITAL ORIGINAL AND FINAL APPROVED BUDGET COMPARISON

NOTE 16 – STATEMENT OF PUBLIC DEBT FINANCED BY REVENUE

NOTE 17 – STATEMENT OF CONTINGENT LIABILITIES

NOTE 18 – STATEMENT OF LOANS MADE FROM THE CONSOLIDATED FUND

NOTE 19 – STATEMENT OF ARREARS OF REVENUE

NOTE 20 – STATEMENT OF REMISSION, WRITE OFFS AND SETTLEMENTS

NOTE 21 – STATEMENT OF GIFTS Government of Anguilla Report & Accounts - FY 2019

STATEMENT OF RESPONSIBILITY

The Annual Statement of Financial Statements has been prepared by the Accountant General in

accordance with the International Public Sector Accounting Standards (IPSAS) – Cash Basis,

and the Revised Statutes of Anguilla Chapter F27 - Financial Administration and Audit Act, 15

December 2010.

The Accountant General is responsible for the compilation and management of the accounts of

the Government, and for the custody and safety of public moneys and other resources of the

Government. She is responsible for establishing and maintaining a system of internal control

designed to provide reasonable assurance that the transactions recorded are within the authority,

and properly record the use of all public funds by the Government of the Anguilla.

In preparing these Reports and Accounts of the consolidated fund, the most appropriate

accounting policies have been consistently applied and supported by reasonable and prudent

judgments and estimates. To the best of my knowledge, the Report and Accounts of the

consolidated fund give a true and fair view of the state of affairs and surplus of the Government

of Anguilla for the financial year ended December 2019.

…………………………

Vonlee Harris (Mr.)

Accountant General

Treasury Department

Government of Anguilla

April 24, 2020 Government of Anguilla Report & Accounts - FY 2019

REPORT OF THE ACCOUNTANT GENERAL

Introduction

The preparation and maintenance of the Reports and Accounts of the consolidated fund of the

Government of Anguilla for the Fiscal year ended 31st December 2019 are guided by the

International Public Sector Accounting Standards (IPSAS) – Cash Basis, and the Revised Statutes

of Anguilla Chapter F27 - Financial Administration and Audit Act, showing the Law at 15

December 2010.

The Annual Statements of Public Accounts have been prepared using the modified cash basis of

accounting. The Annual Report is an essential element of the Public Accounts of Anguilla as it

illustrated the Government of Anguilla’s commitment to transparency and accountability of public

funds. These statements provide useful information that can be used in assessing the financial

activities of the Government during the year and its financial position. It is intended to meet the

needs of stakeholders including, taxpayers, members of the legislature, investors, creditors and the

public at large.

Figures in XCD$'000 Government of Anguilla Report & Accounts - FY 2019

At a Glance

Recurrent Revenue

Figures in XCD$’000

Recurrent Expenditure

Figures in XCD$’000 Government of Anguilla Report & Accounts - FY 2019

The FY 2019 Fiscal Review

The financial year 2019 ended positively for the Government of Anguilla as the Government’s

recurrent revenue exceeded the recurrent expenditure which resulted in a recurrent surplus of

XCD$21.1m. Total recurrent revenue collections in 2019 increased favorably by XCD$34.5m,

when compared to the 2018 revenue collections. However, when compared to recurrent

expenditure, 2019 expenditure was XCD $6.4m more than 2018 recurrent expenditures. This

amount was due to the approval of a XCD $10.7m supplementary appropriation aimed at reducing

government’s arrears and providing financial assistance to Government agencies who provide

services to the Anguillan population. When taking a holistic view of the total revenue which

includes recurrent, capital and non-budgeted revenues, the government experienced a surplus of

XCD$7.9m. The surplus was mainly experienced due to a significant increase in Accommodation

Tax, and Custom Duties. On the other side, recurrent expenditure was less than the final budgeted

amount of XCD $224m by XCD $12.2m. Despite the recurrent surplus acknowledged for the fiscal

year, it is still worth noting that the measures and initiatives implemented by all Ministries of

Government to repay debt obligations, reduced expenditure and increased revenue, the efforts

reflected positively on the operations of the Government. This shows that Government is

committed in building pathways to resilience in development.

The Government of Anguilla’s Fiscal Reserve Deposits experienced little activity only the Eastern

Caribbean Central Bank Reserve account of XCD$0.1m experienced interest earned of XCD$3

thousand.

The FY 2019 Budgeted Review

On the 27th March 2019, the budget was passed, assented and came into effect at the House of

Assembly, which comprised of total expenditure of XCD $230.2m comprising of total recurrent Government of Anguilla Report & Accounts - FY 2019

expenditure budget of XCD $213.4m and capital expenditure of XCD $16.8m. On the other

hand, revenue projections were objectively approved with the expectancy to accumulate a total

of XCD $245.5m which comprise of capital revenues of XCD $37.2m, and recurrent revenues of

XCD $208.3m.

FY 2019 Recurrent Revenue

In 2019, the Government of Anguilla’s recurrent revenue collections amounted to

XCD $234m, of which 84% or XCD $197.7m was from tax revenue as illustrated in Chart 1

below.

The Government’s key revenue earners are Taxes on Domestic Good and Services, Taxes on

International Trade & Transactions, Fees, Fines and Permits and Duties which jointly amounted

to 79% or XCD $184.9m. In addition, Fees, fines and permits contributed to 81% of non-tax

revenue. Chart 2 and Table 1 below provides further analysis of revenue collections Government of Anguilla Report & Accounts - FY 2019

Table 1: Actual and Estimated Recurrent Revenue: 2018 - 2019

2019 2019 2019 2018 2019 vs 2018

Tax revenue Estimates Actual Difference Actual vs estimates Actual

XCD $000 XCD $000 XCD $000 XCD $000 % XCD $000 %

Taxes on Property $ 7,000 $ 8,459 $ 1,459 $ 6,419 21% $ 2,040 32%

Taxes on Income $ 15,220 $ 16,812 $ 1,592 $ 15,521 10% $ 1,291 8%

Taxes on Domestic Goods and Services $ 45,752 $ 57,194 $ 11,442 $ 29,567 25% $ 27,627 93%

Licences $ 16,580 $ 16,895 $ 315 $ 15,813 2% $ 1,082 7%

Taxes, intl Trade and Transaction $ 28,163 $ 26,935 $ (1,229) $ 20,532 -4% $ 6,403 31%

Duties $ 57,160 $ 71,477 $ 14,317 $ 75,644 25% $ (4,167) -6%

Fees, Fines and Permits $ 28,983 $ 29,329 $ 346 $ 28,125 1% $ 1,205 4%

Rent Interest and dividends $ 2,657 $ 2,398 $ (258) $ 1,512 -10% $ 887 59%

ECCB Profits $ 0 $ - $ (0) $ - -100% $ - 0%

Other Revenue $ 6,845 $ 4,599 $ (2,246) $ 6,449 -33% $ (1,850) -29%

Total $ 208,361 $ 234,099 $ 25,738 $ 199,582 -62% $ 34,516 200%

As seen in Table 1 above, total recurrent revenue of XCD $234 million significantly over-

performed when compared with the projected revenue target of XCD $208.3 million by XCD

$25.7 million with the majority of the over performance stemmed from Taxes on Domestic Good

and Service and duties. When compared to total recurrent revenue for the fiscal year 2018, Government of Anguilla Report & Accounts - FY 2019

revenue also increased by XCD $34.5 million which was mainly due to Taxes on Domestic Good

and Services performing XCD $27.6 million or 93% better in 2019. Despite the significant

impressive performance in 2019, 2018 Duties performed 6% better. Nonetheless, 2019 Taxes on

Domestic Goods and Services and Duties continue to be the highest revenue earners. Together

they accounted for 50% of the total recurrent revenue for 2019.

Taxes on Domestic Goods and Services in 2019 accounted for 25% of total government

earnings. Fines, fees and permits and Taxes, International Trade and Transaction tax together

represented 25% of earnings, contributing 13% and 12% respectively.

The analysis of the Non-recurrent revenues is presented below:

Table 2: Total Non-Recurrent Revenues: 2018 - 2019

2019 2018

Non-Recurrent Revenues Actual Actual

XCD $000 XCD $000

Capital Revenue $ 16,785 $ 18,391

Decrease in Advances $ 807 $ -

Increase in Advances $ - $ (5,044)

Increase in Deposits $ 5,036 $ -

Decrease in Deposits $ - $ (4,748)

Proceeds from Loans $ 1,675 $ 40,414

Total Non-Recurrent revenues $ 24,302 $ 49,013

The revenue collected for the year 2019 as capital revenue comprised of funds distributed from

the European Development Fund, Local revenue and settlement on insurance claims for

government assets.

FY 2019 Recurrent Expenditure

The recurrent expenditure for the year 2019 was XCD $212 million, which represents a

favorable savings in expenditure of XCD $1.3 million when compared to the original approved

budget. However, when compared to the year 2018, expenditure was slightly higher by XCD

$6.4 million in 2019. The Total expenditure and the details of payments are analyzed below.

Table 3: Total Recurrent Expenditure by Type of Expenditure: 2019 - 2018 Government of Anguilla Report & Accounts - FY 2019

2019 2019 2018 2019 2019 vs 2018

Estimates Actual Actual Actual vs estimates Actual

Recurrent Expenditure XCD $000 XCD $000 XCD $000 XCD $000 % XCD $000 %

Personal Emoluments $ (88,366) $ (84,243) $ (87,497) $ 4,122 -5% $ 3,254 -4%

Goods & Services $ (47,095) $ (44,816) $ (40,696) $ 2,280 -5% $ (4,119) 10%

Transfers & Subsidies $ (54,312) $ (53,234) $ (48,358) $ 1,078 -2% $ (4,876) 10%

Social Services $ (8,932) $ (6,468) $ (8,574) $ 2,463 -28% $ 2,106 -25%

Other Expenditure $ (5,188) $ (4,546) $ (1,402) $ 642 -12% $ (3,144) 224%

Special Expenditure $ (20,240) $ (18,776) $ (19,132) $ 1,464 -7% $ 356 -2%

Restricted Expenditure $ (274) $ (93) $ (33) $ 181 -66% $ (60) 0%

Total $ (224,407) $ (212,176) $ (205,692) $ 12,231 -5% $ (6,484) 3%

Table 4 below depicts actual recurrent expenditure by each Ministry:-

Table 4: Actual and Estimated Recurrent Expenditure by Ministry: 2019 - 2018

Recurrent Expenditure 2019 2019 2018 2019 2019 vs 2018

MINISTRY Estimate Actual Actual Actual vs Estimates Actual

XCD $000 XCD $000 XCD $000 XCD $000 % XCD $000 %

Govenor $ 26,552 $ 25,537 $ 24,633 $ (1,015) -4% $ 903 4%

MHA $ 40,727 $ 39,391 $ 29,767 $ (1,336) -3% $ 9,623 32%

MOF $ 88,638 $ 83,696 $ 78,663 $ (4,942) -6% $ 5,033 6%

MSD $ 53,135 $ 49,143 $ 57,876 $ (3,993) -8% $ (8,733) -15%

MICU $ 15,355 $ 14,410 $ 14,753 $ (945) -6% $ (343) -2%

TOTAL $ 224,407 $ 212,176 $ 205,692 $ (12,231) -5% $ 6,484 3% Government of Anguilla Report & Accounts - FY 2019

Recurrent and Capital Balances

Capital revenue and expenditure in Table 5 and Graph 2 below depicts that the Government of

Anguilla’s capital receipts favorably and significantly exceeded capital expenditure for both

2019 and 2018.

Table 5: Variance Between Capital and Recurrent Revenue and Expenditure

Variance between Actual Actual Actual

Revenue and Expenditure XCD $000 XCD $000 XCD $000

2019 2018 2019 vs 2018

Capital Revenue $ 16,785 $ 18,391 $ (1,606)

Capital Expenditure $ 10,087 $ 8,583 $ 1,505

Recurrent Revenue $ 234,099 $ 199,582 $ 34,516

Recurrent Expenditure $ 212,176 $ 205,692 $ 6,484

For the year 2019, recurrent and capital expenditure equaled XCD $222.2 million. However,

capital and recurrent revenue equaled XCD $250.8 million, which generated a surplus of XCD

$28.6 million. Table 5 above reflects the overall performance of both the capital and recurrent

revenue and expenditure for the fiscal years 2019 and 2018.

Graph 2 below compares total recurrent revenue to total recurrent expenditure over a five (5)

year period (2011 – 2019). Government of Anguilla Report & Accounts - FY 2019

Graph 2: Comparison of Recurrent Revenue and Recurrent Expenditure 2015 -2019

As depicted by Graph 2 above, recurrent revenue had a recognizable decrease of XCD$34.5

million in 2019 when compared to the 2018. From the graph, it can be observed that recurrent

revenue steadily rose over the past years. Expenditure also rose comparatively over the same

period, to XCD $212 m. Recurrent revenue exceeded recurrent expenditure by 10%.

Contribution to Fiscal Reserves

Fiscal Reserves are held by the Government of Anguilla as a means of managing cash flow given

the changes in the economic climate. This also is a requirement as per the Borrowing Guidelines

agreed with the United Kingdom Government.

At the end of 2019, the Government of Anguilla ended with fiscal reserves totaling XCD $1.6

million, compared to XCD $1.6 million in 2018. Due to debt amortization payments, the

Government of Anguilla had difficulties in replenishing those reserves when cash savings are

realized. The Government found it more important to reduce arrears of expenditure. Government of Anguilla Report & Accounts - FY 2019

Capital Revenue

The Government of Anguilla realized capital revenue during the 2019 period totaling XCD $16.7

Million. These funds were contributed from the European Development Fund, insurance claims

settlement and local revenue.

Capital Expenditure

The Ministry of Home Affairs, Lands and Physical Planning (MHA) accounted for $2.6m or

26% of the capital expenditure for 2019. The largest spending capital programmes was the

Anguilla Community which consumed a total of XCD $1.5m for the period 2019.

Total Capital expenditure for 2019 amounted to $10m. The Ministry of Finance and Economic

Development (MOF) accounted for $4.3m or 43% of the capital expenditure for 2019.The two

largest spending capital programmes under the Ministry of Finance and Economic Development

were the TI equipment, and the Tourism Sector Development each of which totaled $3m for the

period.

The Ministry of Social Services (MSD) accounted for $0.9m or 1% of the capital expenditure for

2019.The largest spending capital programmes under the Ministry of Social Services was the

Health Services Development and Sports Development Projects totaling $0.9m for the period.

The Ministry of Infrastructure Communications and Utilities (MICU) accounted for $2.9m or

29% of the capital expenditure for 2019. The largest spending capital programmes was the

Renovation of GoA buildings and the replacement of Government vehicles which consumed a

total of XCD $2.6m for the period 2019.

Table 6 below illustrates the breakdown by Ministry of locally funded capital expenditure for the

2016 fiscal year. Government of Anguilla Report & Accounts - FY 2019

Table 6: Actual and Estimated Locally Funded Capital Expenditure: 2018 – 2019

2019 2019 2018

Ministry Estimate actual Actual

XCD $ XCD $ XCD $

Public Admin $ - $ - $ -

MHA $ 5,382 $ 2,653 $ 321

MOF $ 8,318 $ 4,369 $ 1,216

MSD $ 96 $ 93 $ 1,000

MICU $ 3,050 $ 2,972 $ 6,045

Total $ 16,846 $ 10,087 $ 8,583

Advances and Deposits

The Advances and Deposits accounts are used for temporary transactions which cannot be

charged to an appropriation account or which by virtue of their purpose must be kept separate

from the appropriation accounts. Both deposits and advances are classified under three broad

headings namely, Public Officers (Departmental), Individuals and Other Governments and

International Organizations.

Advances are reimbursable payments made by the Government of Anguilla. Advances decreased

from XCD $292.2m in 2015 to XCD $291.4m in 2019. The bulk of the advances arise from the

XCD$214 million promissory note.

Deposits increased by XCD $5m in 2019. These deposits mainly comprise amounts attributable

to the Department of Commercial Registry, the Department of Land and Surveys, the Labor

Department, and the Treasury Department, which together accounted for XCD $16.9m of all

deposits totaling XCD $22.9m held by the Government of Anguilla.

Public Debt and Contingent Liabilities

The long term liabilities of the Government of Anguilla are composed of both foreign and

domestic debt. Long term debt significantly decreased from $494.5m in 2018 to $467.9m in Government of Anguilla Report & Accounts - FY 2019

2019. Foreign debt decreased from XCD$212.6m in 2018 to $200.2m in 2019. Additionally,

domestic debt also decreased from $281.8m in 2018 to $267.7m in 2019. During the year 2019,

the Government paid XCD$14.0 million in foreign debt and XCD$14.1 million in domestic debt.

However, the Government also acquired XCD$1.6million for the Anguilla Community College

Development Project. Contingent liabilities for the year consisted of loans to third parties such as

the Caribbean Development Bank, The Anguilla Tourist Board, Anguilla Roads & Construction

& WWR and the Anguilla Development Board. At the end of 2019 Government’s guaranteed

debt showed $6.6m, revealing a 28% decrease from the 2018 figure of $8.4m.

Table 7: Public Debt

Outstanding Public Debt

Loan Balances Repayments New Loans Loan Balances

2018 2019

Foreign $ 212,630 $ 14,036 $ 1,675 $ 200,268

Domestic $ 281,871 $ 14,166 $ - $ 267,706

Total Outstanding Public Debt $ 494,501 $ 28,202 $ 1,675 $ 467,974

Loans Made From the Consolidated Fund

New student and medical loans significantly decreased by $2.4 million overall. Medical

treatment overseas increased by $606k while student bonds decreased by XCD $3 million.

Student and medical loans decreased from $3.6m in 2018 to $1.2m in 2019. The student loans

represent students who breached the scholarship terms and conditions, whilst the medical loans

are for medical treatment overseas.

Arrears of Revenue

Arrears of Revenue increased from $49.9 million in 2018 to $79.7 million in 2019. This increase

was attributed largely to unpaid Accommodation Tax, Property Taxes, Audit Penalties, and

Customs Bonds. Government of Anguilla Report & Accounts - FY 2019

Remissions, Write Offs and Settlements

Exemptions from Custom Duties and Alien Land Holding License by the Government of

Anguilla increased from $796k in 2018 to $1 million in 2019.

Gifts

There was a slight decrease in the value of gifts made to the Government in 2019. The larger

gifts were made to The Ministry of Home Affairs, Disaster, Sports, Health Protection and Police

with smaller donations to Library, Youth and Culture.

Acknowledgements

I wish to thank the meticulous and reliable employees of the Treasury Department, the Ministry

of Finance and DITES for assisting in the completion of the 2019 financial report.

…………………………

Vonlee Harris (Mr.)

Accountant General

Treasury Department

Government of Anguilla

April 24, 2020 GOVERNMENT OF ANGUILLA 2019

Statement No. 1 - Statement of financial performance

for the financial year ended 31st December 2019

NOTES Fiscal Year Ended Fiscal Year Ended

31-Dec-19 31-Dec-18

Revenue XCD $000 XCD $000

31-Dec-19

Recurrent Revenue XCD $000

Property tax 3 8,459 6,419

Taxes on Income 3 16,812 15,521

Taxes on Domestic Goods and Services 3 57,194 29,567

Taxes on International Trade and 3 26,935 20,532

Licences 3 16,895 15,813

Duties 3 71,477 75,644

Fees, Fines & Permits 3 29,329 28,125

Rents, Interest & Dividends 3 2,398 1,512

ECCB Profits 3 - -

Other Revenue 3 4,599 6,449

Total Recurrent Revenue Collected 234,099 199,582

Other Revenue Receipts

Proceeds from Loans 17.1 1,675 40,414

Local Capital Revenue 7 16,785 18,391

Increase in Deposits 13 5,036 -

Decrease in Advances 12 807 -

Drawdown on Fiscal Reserves 14.1 - 143

Total Other Revenue Receipts 24,302 58,948

Total Revenue Received 258,401 258,530

Operating Expenditure

Recurrent Expenditure

Personal Emoluments 5 (84,243) (87,497)

Goods and Services 5 (44,816) (40,696)

Transfers and Subsidies 5 (53,234) (48,358)

Other Cost Items

Loan Repayments 17.1 (28,202) (27,136)

Special Expenditure 5 (18,776) (19,132)

Social Services 5 (6,468) (8,574)

Other Expenditure 5 (4,638) (1,434)

Deposits paid 13 - (5,331)

Increase in Advances 12 - (63,861)

Increase in Fiscal Reserves 14.1 (3) -

(58,088) (125,469)

Total Recurrent Expenditure (240,381) (302,021)

Development Fund (Capital Projects) Expenditure

Capital Expenditure 8 (10,087) (8,583)

Total Operating Expenditure (250,468) (310,603)

Surplus/(Deficit) for the period 7,932 -52,073

Attributed to:

Consolidated Fund 1-2. 7,932 -52,073 GOVERNMENT OF ANGUILLA 2019

Statement No. 2

Government of Anguilla Consolidated Financial

Statements

Statement for Cash Receipts and Payments for

Year Ending 31st December 2019

2019 2018

RECEIPTS Note XCD$000 XCD$000

Receipts/ Receipts/

(Payments) (Payments)

Description Actual Actual

Tax Revenue

Property tax 3 8,459 6,419

Interim Stabilization Levy 3 16,812 15,521

Taxes on Domestic Goods and Service 3 57,194 29,567

Taxes on International Trade and

Transactions 3 26,935 20,532

Licences 3 16,895 15,813

Duties 3 71,477 75,644

197,772 163,496

Non-Tax Revenue

Fees, Fines & Permits 3 29,329 28,125

Rents, Interest & Dividends 3 2,398 1,512

ECCB Profits 3 - -

Other Revenue 3 4,599 6,449

36,327 36,086

Loans

Proceeds from Loans 17.1 1,675 1,675 40,414 40,414

Capital Receipts

Local Capital Revenue 7 16,785 16,785 18,391 18,391

Non-budget Items

Increase in Deposits 13 5,036 -

Decrease in Advances 12 807 -

Drawdown on Fiscal Reserves 14.1 - 143

5,843 143

Total Receipts 258,401 258,530

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

2019 2018

PAYMENTS Note XCD$000 XCD$000

Receipts/ Receipts/

(Payments) (Payments)

Description Actual Actual

Operations

Personal Emoluments 5 (84,243) (87,497)

Goods and Services 5 (44,816) (40,696)

(129,059) (128,194)

Transfers

Transfers and Subsidies 5 (53,234) (53,234) (48,358) (48,358)

Loans and Interest Repayments

Loan Repayments 17.1 (28,202) (27,136)

Special Expenditure 5 (18,776) (19,132)

(46,978) (46,268)

Capital Payments

Capital Expenditure 8 (10,087) (10,087) (8,583) (8,583)

Social Services Payments

Social Services 5 (6,468) (6,468) (8,574) (8,574)

Other Payments

Other Expenditure 5 (4,638) (4,638) (1,434) (1,434)

Non-budget Items

Deposits paid 13 - (5,331)

Increase in Advances 12 - (63,861)

Increase in Fiscal Reserves 14.1 (3)

(3) (69,192)

Total Payments (250,468) (310,603)

NET RECEIPTS/(PAYMENTS) 7,932 (52,073)

Cash at beginning of year 2 (32) 52,041

Increase / (Decrease) in Cash 7,932 (52,073)

Cash at end of year 2 7,901 (32)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Statement No. 3

Government of Anguilla

Statement of Assets and Liabilities

As at 31st December 2019

2019 2018

NOTE XCD$000 XCD$000 XCD$000

ASSETS

Cash and Bank 7,901

Advances 12 350,833 351,875

Fiscal Reserve Deposits 14 1,617 1,614

TOTAL ASSETS 360,351 353,488

LESS

LIABILITIES ( less than one year)

Cash and Bank 2 (32)

Deposits 13 (22,995) (18,193)

(22,995) (18,225)

NET CURRENT ASSETS / (LIABILITIES) 337,357 335,263

LONG TERM LIABILITIES

Domestic Loans 11/17 (200,268) (212,630)

Foreign Loans (267,706) (281,871)

(467,974) (494,501)

NET ASSETS / (LIABILITIES) (130,617) (159,237)

REPRESENTED BY:

GOVERNMENT EQUITY

Consolidated fund 10 (130,617) (159,237)

(130,617) (159,237)

(130,617) (159,237)

…………………… …..

Mr V. Harris

Accountant General

December 31, 2019

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Statement No. 4

Government of Anguilla

Consolidated Statement of

Cash Flows for the Year Ended

December 31, 2019

Financial year Financial year

Ended Ended

31-Dec-19 31-Dec-18

XCD $000 XCD $000

CASH FLOWS FROM OPERATING ACTIVITES

Taxation

Non-tax revenue and other 197,772 163,496

Capital Expenditure Payments 36,327 36,086

Capital Revenue (10,087) (8,583)

Other recurrent expenditure payments 16,785 18,391

Increase in Advances (11,107) (10,009)

Transfers - Payments (5,044)

Operations - Payments (53,234) (48,358)

Net Cash Flows from Operating Activities (129,059) (128,194)

CASH FLOWS FROM INVESTING ACTIVITIES 47,396 (41,031)

Increase in short term deposits

Net Decrease in Loans and Advances Issued 5,036 (5,331)

Fiscal Reserve 807 -

Loan repayments and Loan Interest (3) 143

Net Cash flow from Investing Activities (46,978) (46,268)

CASH FLOWS FROM FINANCING ACTIVITIES (41,138) (51,456)

Receipt of Foreign Debt

Receipt of Domestic Debt 1,675 40,414

Net Cash flow from Financing Activities - -

1,675 40,414

NET INCREASE (DECREASE) IN CASH AND CASH

EQUIVALENTS CASH AND CASH EQUIVALENTS AT 7,932 (52,073)

BEGINNING OF YEAR (32) 52,041

CASH AND CASH EQUIVALENTS AT END OF YEAR 7,901 (32)

AXA FY2019

Annua l Public Accounts GOVERNMENT OF ANGUILLA 2019

NOTES TO THE FINANCIAL STATEMENTS

Note 1: Accounting Policies

1.1 Basis of Preparation

The Statement of Accounts for the Government of Anguilla is prepared using

the International Public Sector Accounting Standards (IPSAS). The

Government of Anguilla is compliant with Part 1 of IPSAS Cash Basis. The

presentation of accounts is also governed by the Revised Statutes of Anguilla,

Chapter F27, Financial Administration and Audit Act.

The cash basis of accounting recognises transactions and events only when

cash (including cash equivalents) is received or paid by the entity. The Financial

Statements prepared under the cash basis provide information about the

sources of cash raised during the period, the purpose for which cash was used,

and the cash balance at the reporting date.

In these financial statements, Note 9-15 (Statement of Assets and Liabilities,

plus notes) and Note 18-22 (Statement of Contingent Liabilities and notes) are

prepared in accordance with the requirements of the Financial Administration

and Audit Act referred to above and not for the purposes of the disclosure of

Assets and Liabilities and other disclosures within the meaning of Part 2 of Cash

based IPSAS.

1.2 Reporting Entity

The Government of Anguilla is a Public Sector organisation that operates

within Anguilla.

The financial statements are prepared by the Treasury Department of Anguilla

for and on behalf of the Government of Anguilla.

The consolidated financial statements for the Government include five

Government Ministries:

H E The Governor

Ministry of Home Affairs, Lands & Physical Planning

Ministry of Finance, Economic Development, Investment, Commerce &

Ministry of Social Development

Ministry of Infrastructure, Communications, Utilities, Agriculture &

The accounts of Statutory Bodies and other entities in which the Government of

Anguilla has an interest are not consolidated within the Statement of Accounts.

The bodies and other entities are governed by specific legislation which requires

that their financial results are accounted for and published separately and are

outside of the consolidation boundary for these financial statements as

interpreted by the Government of Anguilla.

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

1.3 Restructuring of Departments

The restructuring of Government Departments refers to the movement of

Departments between Ministries.

1.4 Reporting Currency

The reporting currency is Eastern Caribbean Dollars (XCD$).

Notes 3-8 set out receipts and payments by Ministry and Department, due to the

compilation method of these notes, there are some minor roundings in totals as

they are rounded by the nearest thousand. This does not have a significant

impact for the reader of the accounts.

1.5 Foreign Currency Transactions

The Government operates bank accounts, makes payments and receives

income in foreign currencies: the most predominant of these being the US

dollar. All transactions made or balances held in these currencies are converted

into XCD dollars for the purposes of these accounts at the exchange rate at the

date of the transaction or at the exchange rate at 31 December whichever is

appropriate. Any gains or losses resulting from such transaction of balance are

accounted for in the financial statements.

1.6 Cash Receipts and Payments

Cash receipts include revenue collected from the recurrent and capital

accounts. Cash Payments include expenditure related to the recurrent and

capital accounts.

Under Cash basis IPSAS cash receipts and cash payments may be reported

on a net basis where they either (a) arise from transactions recognized in the

Statement of Cash Receipts and Payments which are administered on behalf

of other parties, or (b) are for items in which the turnover is quick, the amounts

large, and the maturities short. These financial statements report movements

in Advances and Deposits as disclosed in Note 12 and 13 in the Statement of

Cash Receipts and Payments. In addition, non cash movements for write offs

and other adjustments relating to Advances and Deposits have not been

separately identified and have been reported within the Statement of Cash

Receipts and Payments.

These financial statements do not eliminate intra departmental and Ministry

cash transactions and both actual transactions and estimates are prepared on

this basis. This is a departure from cash basis IPSAS disclosure requirements.

1.7 Authorised for Issue

The financial statements were authorised for issue by the Accountant General

on the date that the Chief Auditor of Anguilla signs the audit certificate. The

authorised date for issue is 4th July 2025.

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 2: Cash and Bank

Balances held in the name of the Government both in Anguilla and

Internationally are disclosed by the type and purpose of the account. When the

Account reflects a positive balance it is reflected as an asset in the Financial

Statements. A negative balance represents a liability in the form of a Bank

Overdraft, which is treated as a component part of cash.

Cash comprises of cash in hand, imprest accounts, main bank accounts,

deposit accounts and departmental accounts.

Cash included in the Statement of Cash Receipts and Payments

CONSOLIDATED FUND

2019 2018

XCD$000 XCD$000

Cash in Hand $ (29) $ (30)

Cash Imprest $ 0 $ 0

$ (29) $ (30)

Main Bank Accounts $ (16,607) $ (23,975)

$ 10 $ 10

Crown Agents bank Account $ 10 $ 10

Deposit Accounts $ 5,905 $ 3,091

Departmental Bank Accounts $ 18,622 $ 20,872

Total Cash and Cash Equivalents $ 7,901 (32)

Note 2(B): Assets held on behalf of Third Parties

Department XCD XCD

2019 2018

Department of Social Welfare 49,460 31,711

Post Office USD A/C 144,619 50,941

Post Office XCD A/C 23,500 108,107

Education Department 114,765 113,256

Depositers Protection Trust 7,485,545 10,992,791

Total Cash held on behalf of third parties 7,817,889 11,296,806

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 3: Summary of Recurrent Receipts by Ministry

2019 2018

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

110 Taxes on Property 7,000 8,459 1,459 6,419 2,040

112 Taxes on Income 15,220 16,812 1,592 15,521 1,291

115 Taxes on Domestic Goods and 45,752 57,194 11,442 29,567 27,627

Services

120 Licences 16,580 16,895 315 15,813 1,082

125 Taxes, Intl Trade and Transactions 28,163 26,935 (1,229) 20,532 6,403

130 Duties 57,160 71,477 14,317 75,644 (4,167)

135 Fees, Fines and Permits 28,983 29,329 346 28,125 1,205

140 Rent Interest and Dividends 2,658 2,398 (259) 1,512 887

145 ECCB Profits - - - - -

150 Other Revenue 6,845 4,599 (2,246) 6,449 (1,850)

208,361 234,099 25,737 199,582 34,516

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Ministry

H E The Governor

120 Licences 40 236 196 205 31

135 Fees, Fines and Permits 290 1,184 894 1,173 11

140 Rent Interest and Dividends 0

150 Other Revenue 0 308 308 305 3

330 1,729 1,399 1,684 45

Ministry of Home Affairs. Lands and Physical Planning and Environment

112 Taxes on Income - 343 343 501 (158)

115 Taxes Domestic Goods & Sevices - - - - -

120 Licences 45 - (45) - -

135 Fees, Fines and Permits 145 5,970 5,825 7,740 (1,770)

140 Rent Interest & Dividends - 6 6 2 4

150 Other Revenue 323 204 (119) 172 31

513 6,523 6,010 8,416 (1,893)

Ministry of Finance, Economic Development, Investment, Commerce & Tourism

110 Taxes on Property 7,000 8,459 1,459 6,419 2,040

112 Taxes on Income 15,220 16,469 1,249 15,020 1,449

115 Taxes on Domestic Goods and

Services 45,752 50,161 4,409 26,945 23,217

120 Licences 15,933 7,046 (8,887) 6,440 606

125 Taxes, Intl Trade and Transactions 28,163 26,935 (1,229) 20,532 6,403

130 Duties 57,160 71,477 14,317 75,644 (4,167)

135 Fees, Fines and Permits 28,534 21,556 (6,979) 18,748 2,807

140 Rent Interest and Dividends 2,622 2,377 (245) 1,493 884

145 ECCB Profits 0 - (0) - -

150 Other Revenue 6,487 3,958 (2,528) 5,827 (1,869)

206,871 208,438 1,567 177,069 31,369

AXA FY2019

Annual Public Accounts Ministry of Social Development

115 Taxes Domestic Goods & Services - 7,033 7,033 2,622 4,410

120 Licences 410 213 (197) 205 8

135 Fees, Fines and Permits 0 606 606 447 159

140 Rent Interest and Dividends - - - 0 (0)

150 Other Revenue 24 51 27 40 11

434 7,903 7,469 3,314 4,589

Ministry of Infrastructure, Communication, Util ities, Agriculture & Fisheries

120 Licences 152 9,400 9,247 8,962 437

135 Fees, Fines and Permits 13 13 0 16 (3)

140 Rent Interest and Dividends 36 15 (21) 17 (1)

150 Other Revenue 11 77 66 105 (28)

213 9,506 9,293 9,100 406

Total 208,361 234,099 25,737 199,582 34,516

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 4: Detailed Statement of Consolidated Fund Receipts

Note 4.1: H. E. The Governor

2019 2018

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

120 Licences 40 236 196 205 31

135 Fees, Fines and Permits 290 1,184 894 1,173 11

140 Rent Interest and Dividend - 0 - - -

150 Other Revenue 0 308 308 305 3

330 1,729 1,399 1,684 45

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

100 Department of Public Administration

135 Fees, Fines and Permits 200 202 2 171 32

140 Rent Interest and Dividends - 0 - - -

150 Other Revenue - 242 242 266 (24)

200 445 244 437 8

200 Royal Anguilla Police Force

120 Licences - 192 192 168 24

135 Fees/ Fines/ Permits - 189 189 253 (65)

150 Other Revenue - 42 42 27 15

- 423 423 449 (26)

250 Administration Judicial

120 Licences 40 44 4 37 7

135 Fees/ Fines/ Permits 90 793 703 749 44

150 Other Revenue 0 24 24 12 12

130 862 731 798 63

Ministry Total 330 1,729 1,399 1,684 45

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 4.2: Ministry of Home Affairs, Lands and Physical Planning, and Environment

2019 2018

Surplus Actual

Account Description Budget Receipts Receipts 2019 vs

(Shortfall) 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

112 Taxes on Income - 343 343 501 (158)

115 Taxes Domestic Goods & Sevices - - - - -

120 Licences 45 - (45) - -

135 Fees, Fines and Permits 145 5,970 5,825 7,740 (1,770)

140 Rent Interest and Dividends - 6 6 2 4

150 Other Revenue 323 204 (119) 172 31

513 6,523 6,010 8,416 (1,893)

Surplus Actual

Account Description Budget Receipts Receipts 2019 vs

(Shortfall) 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

351 Department of Immigration

135 Fees/ Fines/ Permits - 2,064 2,064 2,499 (435)

- 2,064 2,064 2,499 (435)

352 Department of Information and Broadcasting

120 Licences 45 - (45) - -

150 Other Revenue 280 197 (83) 171 26

325 197 (128) 171 26

353 Department of Agriculture

135 Fees/ Fines/ Permits - - - - -

140 Rent Interest and Dividends - - - - -

150 Other Revenue 43 - (43) - -

43 - (43) - -

359 Department of Education

112 Taxes on Income - 343 343 501 (158)

135 Fees/ Fines/ Permits 55 168 113 89 79

140 Rents/Interest & Dividends - 6 - 2 4

150 Other Revenue - 1 1 0 1

55 518 456 592 (74)

355 Department of Labour

135 Fees/ Fines/ Permits - 3,739 3,739 5,153 (1,414)

150 Other Revenue - 1 1 0 1

- 3,740 3,740 5,153 (1,414)

AXA FY2019

Annual Public Accounts 360 Library Services

115 Taxes Domestic Goods & Services - - - - -

135 Fees/ Fines/ Permits - - - - -

150 Other Revenue - 5 5 1 4

- 5 5 1 4

357 Department of Physical Planning

135 Fees/ Fines/ Permits 90 - (90) - -

150 Other Revenue - - - - -

90 - (90) - -

Ministry Total 513 6,523 6,004 8,416 (1,893)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 4.3: Ministry of Finance, Economic Development, Investment, Commerce &Tourism

2019 2018

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

110 Taxes on Property 7,000 8,459 1,459 $ 6,419 2,040

112 Taxes on Income 15,220 16,469 1,249 $ 15,020 1,449

115 Taxes on Domestic Goods 45,752 50,161 4,409 $ 26,945 23,217 and Services

120 Licences 15,933 7,046 (8,887) $ 6,440 606

125 Taxes, Intl Trade and 28,163 26,935 (1,229) $ 20,532 6,403 Transactions

130 Duties 57,160 71,477 14,317 $ 75,644 (4,167)

135 Fees, Fines and Permits 28,534 21,556 (6,979) $ 18,748 2,807

140 Rent Interest and Dividends 2,622 2,377 (245) $ 1,493 884

145 ECCB Profits 0 - (0) $ - -

150 Other Revenue 6,487 3,958 (2,528) $ 5,827 (1,869)

206,871 208,438 1,567 $ 177,069 31,369

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

451 Treasury

112 Taxes on Income - 2,353 2,353 2,367 (14)

135 Fees/ Fines/ Permits 28 36 8 21 15

140 Rents/Interest & Dividends 1,100 93 (1,007) 968 (875)

145 ECCB Profits - - - - -

150 Other Revenue 1,150 1,744 594 1,992 (248)

2,278 4,226 1,948 5,348 (1,122)

-

452 Customs -

-

120 Licences 25 39 14 24 16

125 Taxes Intl Trade & Transactions 27,163 26,932 (231) 20,521 6,412

130 Duties 57,160 71,477 14,317 71,292 185

135 Fees/ Fines/ Permits 600 447 (153) 444 3

150 Other Revenue 12 124 112 86 38

84,961 99,020 14,059 92,367 6,653

453 Commercial Registry

135 Fees/ Fines/ Permits 10,337 9,472 (866) 9,880 (409)

150 Other Revenue 1,220 789 (431) 1,009 (220)

11,558 10,261 (1,297) 10,889 (628)

AXA FY2019

Annual Public Accounts 454 Post Office

130 Duties - - - 4,352 (4,352)

135 Fees/ Fines/ Permits 50 43 (7) - 43

140 Rents/Interest & Dividends 240 225 (15) 213 12

150 Other Revenue 2,631 1,074 (1,557) 2,525 (1,451)

2,921 1,342 (1,579) 7,089 (5,747)

455 Department of Information Tec hnology & E-Government Services

150 Other Revenue - 5 5 2 3

- 5 5 2 3

457 Statistics

150 Other Revenue 5 - (5) - -

5 - (5) - -

458 Department of Inland Revenue

110 Taxes on Property 7,000 8,459 1,459 6,419 2,040

112 Taxes on Income 15,220 14,116 (1,104) 12,653 1,463

115 Taxes Domestic Goods & 45,752 50,161 4,409 20,818 29,343

Services

120 Licences 15,908 7,006 (8,901) 6,417 590

125 Taxes Intl Trade & Transactions 1,000 2 (998) 11 (9)

135 Fees/ Fines/ Permits 16,675 11,558 (5,116) 8,082 3,477

140 Rents/Interest & Dividends 1,282 2,058 776 312 1,746

145 ECCB Profits 0 - (0) - -

150 Other Revenue 1,469 222 (1,246) 213 9

104,305 93,584 (10,721) 54,925 38,659

459 Department of Lands and Surv eys

115 Taxes Domestic Goods & Servic - - - 6,127 (6,127)

135 Fees/ Fines/ Permits 844 - (844) 278 (278)

150 Other Revenue - 0 0 0 (0)

844 0 (844) 6,405 (6,405)

460 Department of Physical Plannin g

135 Fees/ Fines/ Permits - - - 44 (44)

150 Other Revenue - - - 0 (0)

- - - 44 (44)

Ministry Total 206,871 208,438 1,567 177,069 31,369

AXA FY2019

Annual Public Accounts v

GOVERNMENT OF ANGUILLA 2019

Note 4.4: Ministry of Social Development

2019 2018

AccouDescription Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

115 Taxes Domestic Goods & Services 7,033 7,033 2,622 4,410

120 Licences 410 213 (197) 205 8

135 Fees, Fines and Permits 0 606 606 447 159

140 Rent Interest and Dividends - - 0 (0)

150 Other Revenue 24 51 27 40 11

434 7,903 7,469 3,314 4,589

AccouDescription Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

551 Department of Education

135 Examination 0 - (0) 107 (107)

140 Rents/Interest & Dividends - - - 0 (0)

150 Other Revenue - - - 1 (1)

0 - (0) 108 (108)

554 Department of Social Development

150 Other Revenue 0 2 2 4 (2)

0 2 2 4 (2)

555 Department of Lands and Surveys

115 Taxes Domestic Goods & Servic - 7,033 7,033 2,622 4,410

135 Fees/ Fines/ Permits - 462 462 275 186

150 Other Revenue - 2 2 1 1

- 7,497 7,497 2,899 4,598

556 Department of Physical Planning

135 Fees/ Fines/ Permits - 144 144 64 80

150 Other Revenue - 1 1 0 1

- 145 145 64 80

557 Department of Library Services

150 Other Revenue - - - 2 (2)

- - - 2 (2)

AXA FY2019

Ann ua l P ublic Accounts 560 Department of Health Protectio n

120 Licences 410 213 (197) 205 8

150 Other Revenue 24 47 23 32 15

434 260 (174) 237 23

Ministry Total 434 7,903 7,469 3,314 4,589

AXA FY2019

Ann ua l P ublic Accounts GOVERNMENT OF ANGUILLA 2019

Note 4.5: Ministry of Infrastructure Communications, Utilities, Agriculture & Fisheries

2019 2018

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

120 Licences 152 9,400 9,247 8,962 437

135 Fees, Fines and Permits 13 13 0 16 (3)

140 Rent Interest and Dividends 36 15 (21) 17 (1)

150 Other Revenue 11 77 66 105 (28)

213 9,506 9,293 9,100 406

Account Description Budget Receipts Surplus Receipts Actual

(Shortfall) 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

Ministry of Infrastructure Communications, Utilities, Agriculture

650 & Fisheries

120 Licences - 59 59 46 13

150 Other Revenue - 39 39 75 (36)

- 98 98 121 (22)

652 Infrastructure, Communications and Utilities

120 Licences - 9,307 9,307 8,890 416

140 Rents/Interest & Dividends 0 - (0) - -

0 9,307 9,307 8,890 416

654 Department of Agriculture

135 Fees/ Fines/ Permits 13 13 0 16 (3)

140 Rent Interest and Dividends 36 15 (20) 17 (1)

150 Other Revenue 11 37 26 28 9

60 66 6 60 5

655 Department of Fisheries

120 Licences 152 34 (118) 26 8

150 Other Revenue 0 - (0) - -

152 34 (118) 26 8

656 Airport Fire Services

150 Other Revenue - 1 1 2 (1)

- 1 1 2 (1)

Ministry Total 213 9,506 9,293 9,100 406

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 5: Summary of Recurrent Payments by Ministry

(Excess)/Savings uses calculations from the final budget and actual payments

2019 2018

Original Final (Excess) / Actual

Account Description Budget Budget Payments Saving Payments 2019 vs

2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

31 Personal Emoluments (88,012) (88,366) (84,243) 4,122 (87,497) 3,254

32-34 Goods and services (43,025) (47,095) (44,816) 2,280 (40,696) (4,119)

35 Transfers and Subsidies (50,127) (54,312) (53,234) 1,078 (48,358) (4,876)

36 Social Services (6,868) (8,932) (6,468) 2,463 (8,574) 2,106

37 Other Expenditure (4,564) (5,188) (4,546) 642 (1,402) (3,144)

38 Special Expenditure (20,581) (20,240) (18,776) 1,464 (19,132) 356

39 Restricted Expenditure (302) (274) (93) 181 (33) (60)

(213,480) (224,407) (212,176) 12,231 (205,692) (6,484)

Original Final (Excess) / Actual

Account Description Budget Budget Payments Saving Payments 2019 vs

2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Ministry

H E The Governor

31 Personal Emoluments (16,635) (16,533) (15,895) 638 (16,090) 195

32-34 Goods and services (8,581) (8,383) (8,111) 272 (7,200) (911)

35 Transfers and Subsidies (1,488) (1,461) (1,399) 63 (1,253) (146)

36 Social Services (50) (15) (13) 2 (23) 11

37 Other Expenditure (230) (160) (120) 40 (68) (52)

38 Special Expenditure - - - - - -

39 Restricted Expenditure - - - - - -

(26,984) (26,552) (25,537) 1,015 (24,633) (903)

Ministry of Home Affairs. Lands and Physical Planning and Environment

31 Personal Emoluments (30,008) (30,546) (29,477) 1,069 (22,801) (6,676)

32-34 Goods and services (3,827) (3,846) (3,734) 111 (2,231) (1,504)

35 Transfers and Subsidies (5,771) (6,004) (5,870) 134 (4,550) (1,320)

36 Social Services (274) (330) (309) 22 (185)

37 Other Expenditure - - - - - -

39 Restricted Expenditure - - - - - -

(39,880) (40,727) (39,391) 1,336 (29,767) (9,500)

Ministry of Finance, Economic Development, Investment, Commerce & Tourism

31 Personal Emoluments (18,022) (18,166) (16,978) 1,188 (17,809) 831

32-34 Goods and services (16,052) (20,371) (19,436) 935 (16,675) (2,761)

35 Transfers and Subsidies (23,225) (24,741) (24,113) 628 (23,812) (302)

37 Other Expenditure (4,129) (4,846) (4,299) 546 (1,202) (3,097)

38 Special Expenditure (20,581) (20,240) (18,776) 1,464 (19,132) 356

39 Restricted Expenditure (302) (274) (93) 181 (33) (60)

(82,312) (88,638) (83,696) 4,942 (78,663) (5,033)

AXA FY2019

Annual Public Accounts Ministry of Social Development

31 Personal Emoluments (14,407) (14,691) (13,922) 768 (22,149) 8,226

32-34 Goods and services (9,039) (8,970) (8,477) 493 (8,846) 368

35 Transfers and Subsidies (19,284) (20,735) (20,481) 254 (18,383) (2,098)

36 Social Services (6,544) (8,587) (6,147) 2,440 (8,366) 2,218

37 Other Expenditure (154) (153) (115) 38 (132) 17

39 Restricted Expenditure - - - - - -

(49,429) (53,135) (49,143) 3,993 (57,876) 8,733

Ministry of Infrastructure, Communi cation, Utilities, Agriculture & Fisheries

31 Personal Emoluments (8,940) (8,430) (7,971) 459 (8,649) 678

32-34 Goods and services (5,525) (5,526) (5,057) 469 (5,745) 687

35 Transfers and Subsidies (360) (1,371) (1,371) - (360) (1,011)

37 Other Expenditure (51) (29) (11) 18 - (11)

39 Restricted Expenditure - - - - - -

(14,875) (15,355) (14,410) 945 (14,753) 343

Total (213,480) (224,407) (212,176) 12,231 (205,692) (6,361)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 6: Detailed Statement of Consolidated Fund Payments

Note 6.1: H. E. The Governor

2019 2018

Account Description Final Payments (Excess) / Payments Actual

Budget Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

31 Personal Emoluments (16,533) (15,895) 638 (16,090) 195

32-34 Goods and services (8,383) (8,111) 272 (7,200) (911)

35 Transfers and Subsidies (1,461) (1,399) 63 (1,253) (146)

36 Social Services (15) (13) 2 (23) 11

37 Other Expenditure (160) (120) 40 (68) (52)

38 Special Expenditure - - - - -

39 Restricted Expenditure - - - - -

(26,552) (25,537) 1,015 (24,633) (903)

Account Description Final Payments (Excess) / Payments Actual

Budget Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

001 H E The Governor

31 Personal Emoluments (748) (668) 80 (626) (42)

32-34 Goods and services (124) (107) 17 (95) (13)

35 Transfers and Subsidies - - - - -

39 Restricted Expenditure - - - - -

(872) (776) 97 (721) (55)

100 Department of Public Administration

31 Personal Emoluments (2,116) (2,103) 13 (1,910) (193)

32-34 Goods and services (4,154) (4,087) 67 (3,593) (493)

35 Transfers and Subsidies - - - - -

37 Other Expenditure (106) (69) 36 (39) (31)

39 Restricted Expenditure - - - - -

(6,375) (6,259) 116 (5,541) (717)

102 House of Assembly

31 Personal Emoluments (853) (850) 3 (920) 70

32-34 Goods and services (51) (48) 3 (34) (14)

(904) (897) 6 (954) 57

103 Department of Deputy Governor & Disaster Management

31 Personal Emoluments (511) (489) 22 (610) 120

32-34 Goods and services (226) (162) 63 (141) (22)

36 Social Services - - - - -

37 Other Expenditure (54) (51) 4 (29) (22)

(791) (702) 89 (779) 77

AXA FY2019

Annual Public Accounts 200 Royal Anguilla Police Force

31 Personal Emoluments (9,253) (8,929) 323 (9,192) 263

32-34 Goods and services (1,753) (1,717) 36 (1,969) 252

(11,006) (10,647) 359 (11,161) 514

250 Administration Judicial

31 Personal Emoluments (1,316) (1,286) 31 (1,251) (35)

32-34 Goods and services (682) (651) 31 (524) (127)

35 Transfers and Subsidies (1,461) (1,399) 63 (1,253) (146)

36 Social Services (15) (13) 2 (23) 11

(3,474) (3,348) 126 (3,051) (297)

300 Administration Attorney Genera l's Chambers

31 Personal Emoluments (1,736) (1,570) 166 (1,581) 12

32-34 Goods and Services (1,393) (1,338) 55 (845) (493)

(3,129) (2,908) 221 (2,426) (482)

Ministry Total (26,552) (25,537) 1,015 (24,633) (903)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 6.2: Home Affairs, Lands and Physical Planning and Environment

2019 2018

(Excess) / Actual

Account Description Final Budget Payments Saving Payments 2019 vs

2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

31 Personal Emoluments (30,546) (29,477) 1,069 (22,801) (6,676)

32-34 Goods and services (3,846) (3,734) 111 (2,231) (1,504)

35 Transfers and Subsidies (6,004) (5,870) 134 (4,550) (1,320)

36 Social Services (330) (309) 22 (185) (123)

37 Other Expenditure - - - - -

39 Restricted Expenditure - - - - -

(40,727) (39,391) 1,336 (29,767) (9,623)

(Excess) / Actual

Account Description Final Budget Payments Saving Payments 2019 vs

2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

350 Ministry of Home Affairs, Lands and Physical Planning

31 Personal Emoluments (1,010) (916) 94 (925) 9

32-34 Goods and Services (828) (782) 46 (535) (247)

35 Transfers and Subsidies (3,737) (3,615) 122 (3,037) (578)

36 Social Services (206) (196) 11 (113) (82)

39 Restricted Expenditure - - - - -

(5,781) (5,508) 273 (4,611) (898)

351 Department of Immigration

31 Personal Emoluments (2,722) (2,709) 13 (2,734) 25

32-34 Goods and Services (170) (163) 6 (264) 101

39 Restricted Expenditure - - - - -

(2,891) (2,872) 19 (2,998) 126

352 Department Information and Broadcasting

31 Personal Emoluments (819) (754) 65 (789) 35

32-34 Goods and Services (58) (52) 5 (38) (14)

35 Transfers and Subsidies (12) - 12 - -

39 Restricted Expenditure - - - - -

(888) (806) 82 (827) 21

AXA FY2019

Annual Public Accounts 359 Department of Education

31 Personal Emoluments (24,718) (23,966) 752 (17,091) (6,875)

32-34 Goods and Services (2,290) (2,278) 12 (1,082) (1,197)

35 Transfers and Subsidies (2,256) (2,256) (1,513) (743)

36 Social Services (124) (113) 11 (72) (41)

(29,387) (28,613) 774 (19,758) (8,855)

360 Department of Library Service

31 Personal Emoluments (815) (673) 142 (621) (52)

32-34 Goods and Services (297) (265) 32 (132) (133)

(1,112) (938) 174 (752) (186)

355 Department of Labour

31 Personal Emoluments (463) (460) 3 (466) 6

32-34 Goods and Services (203) (193) 10 (177) (16)

39 Restricted Expenditure - - - - -

(667) (653) 13 (643) (10)

358 Department of Environment

31 Personal Emoluments - - - (176) 176

32-34 Goods and Services - - - (3) 3

39 Restricted Expenditure - - - - -

- - - (179) 179

Ministry Total (40,727) (39,391) 1,336 (29,767) (9,623)

AXA FY2019

Annual P ublic Accounts GOVERNMENT OF ANGUILLA 2019

Note 6.3: Ministry of Finance, Economic Development, Investment, Commerce & Tourism

2019 2018

Account Description Final Budget Payments (Excess) / Payments Actual

Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

31 Personal Emoluments (18,166) (16,978) 1,188 (17,809) 831

32-34 Goods and services (20,371) (19,436) 935 (16,675) (2,761)

35 Transfers and Subsidies (24,741) (24,113) 628 (23,812) (302)

37 Other Expenditure (4,846) (4,299) 546 (1,202) (3,097)

38 Special Expenditure (20,240) (18,776) 1,464 (19,132) 356

39 Restricted Expenditure (274) (93) 181 (33) (60)

(88,638) (83,696) 4,942 (78,663) (5,033)

Account Description Final Budget Payments (Excess) / Payments Actual

Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

450 Ministry Of Finance and Economic Development, Investment, Commerce

31 Personal Emoluments (2,725) (2,709) 16 (2,801) 93

32-34 Goods and Services (2,201) (2,170) 31 (1,819) (351)

35 Transfers and Subsidies (12,271) (12,271) - (11,142) (1,129)

37 Other Expenditure (0) - 0 (29) 29

38 Special Expenditure (20,165) (18,709) 1,456 (18,994) 285

39 Restricted Expenditure (58) - 58 - -

(37,420) (35,859) 1,561 (34,786) (1,073)

451 Treasury

31 Personal Emoluments (4,354) (4,336) 19 (4,452) 116

32-34 Goods and Services (12,740) (12,632) 108 (9,843) (2,789)

35 Transfers and Subsidies (12,470) (11,842) 628 (12,670) 827

37 Other Expenditure (4,846) (4,299) 546 (1,172) (3,127)

38 Special Expenditure (75) (67) 8 (138) 71

(34,485) (33,176) 1,308 (28,275) (4,901)

452 Customs

31 Personal Emoluments (4,367) (4,230) 137 (4,464) 234

32-34 Goods and Services (670) (546) 124 (570) 24

39 Restricted Expenditure - - - - -

(5,037) (4,776) 261 (5,035) 259

453 Commercial Registry

31 Personal Emoluments (437) (416) 21 (474) 58

32-34 Goods and Services (994) (837) 157 (900) 62

(1,431) (1,254) 177 (1,374) 120

454 Post Office

31 Personal Emoluments (1,353) (1,296) 57 (1,413) 116

32-34 Goods and Services (982) (589) 392 (1,333) 744

35 Transfers and Subsidies - - - - -

39 Restricted Expenditure - - - - -

(2,335) (1,886) 449 (2,746) 861

AXA FY2019

Annual Public Accounts (Note 6.3 continued)

2019 2018

Account Description Final Budget Payments (Excess) / Payments Actual

Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

455 Department of Information Systems & Technology

31 Personal Emoluments (1,781) (1,370) 411 (1,004) (366)

32-34 Goods and Services (2,237) (2,145) 92 (1,658) (487)

39 Restricted Expenditure - - - - -

(4,018) (3,515) 503 (2,663) (853)

456 Internal Audit

31 Personal Emoluments (673) (480) 193 (529) 48

32-34 Goods and Services (26) (19) 7 (14) (5)

37 Other Expenditure - -

(699) (499) 200 (543) 43

457 Statistics

31 Personal Emoluments (722) (454) 268 (488) 33

32-34 Goods and Services (64) (56) 7 (149) 92

37 Other Expenditure (215) (93) 123 (33) (60)

(1,001) (603) 398 (669) 65

458 Inland Revenue

31 Personal Emoluments (1,754) (1,686) 68 (1,503) (183)

32-34 Goods and Services (457) (440) 17 (325) (116)

39 Restricted Expenditure - - - - -

(2,211) (2,127) 85 (1,828) (299)

459 Lands & Surveys

31 Personal Emoluments - - (371) 371

32-34 Goods and Services - - (36) 36

39 Restricted Expenditure - - - - -

- - - (407) 407

460 Physical Planning

31 Personal Emoluments - - (311) 311

32-34 Goods and Services - - (27) 27

39 Restricted Expenditure - - - -

- - - (338) 338

Ministry Total (88,638) (83,696) 4,942 (78,663) (5,033)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 6.4: Ministry of Social Development

2019 2018

Account Description Final Payments (Excess) / Payments Actual

Budget Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

31 Personal Emoluments (14,691) (13,922) 768 (22,149) 8,226

32-34 Goods and services (8,970) (8,477) 493 (8,846) 368

35 Transfers and Subsidies (20,735) (20,481) 254 (18,383) (2,098)

36 Social Services (8,587) (6,147) 2,440 (8,366) 2,218

37 Other Expenditure (153) (115) 38 (132) 17

39 Restricted Expenditure - - - - -

(53,135) (49,143) 3,993 (57,876) 8,733

Account Description Final Payments (Excess) / Payments Actual

Budget Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

550 Ministry of Social Development

31 Personal Emoluments (2,065) (2,023) 42 (2,067) 43

32-34 Goods and Services (2,128) (1,995) 133 (2,069) 74

35 Transfers and Subsidies (18,862) (18,617) 245 (16,827) (1,790)

36 Social Services (3,014) (1,574) 1,440 (1,146) (428)

37 Other Expenditure (153) (115) 38 (132) 17

39 Restricted Expenditure - - - - -

(26,223) (24,325) 1,898 (22,241) (2,084)

551 Department of Education

31 Personal Emoluments - - (8,394) 8,394

32-34 Goods and Services - - (511) 511

35 Transfers and Subsidies - - (761) 761

36 Social Services - - (28) 28

39 Restricted Expenditure - - - -

- - - (9,694) 9,694

554 Department of Social Development

31 Personal Emoluments (1,610) (1,523) 88 (1,435) (87)

32-34 Goods and Services (213) (132) 82 (141) 10

36 Social Services (5,137) (4,161) 976 (5,618) 1,457

39 Restricted Expenditure - - - - -

(6,961) (5,815) 1,145 (7,195) 1,379

557 Department of Library Services

31 Personal Emoluments - - (260) 260

32-34 Goods and Services - - (65) 65

39 Restricted Expenditure - - - -

- - - (325) 325

AXA FY2019

Annual Public Accounts (Note 6.4 continued)

Note 6.4: Ministry of Social Development

2019 2018

Account Description Final Budget Payments (Excess) / Payments Actual

Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

55 559 H M Prison

31 Personal Emoluments (3,667) (3,476) 192 (3,622) 147

32-34 Goods and Services (1,143) (1,034) 109 (1,089) 55

39 Restricted Expenditure - - - - -

(4,811) (4,510) 300 (4,711) 201

55 560 Department of Health Proctection

31 Personal Emoluments (1,640) (1,627) 14 (1,690) 64

32-34 Goods and Services (4,101) (4,096) 5 (3,977) (119)

37 Other Expenditure - - - - -

39 Restricted Expenditure - - - - -

(5,741) (5,722) 19 (5,667) (55)

55 561 Department of Probation

31 Personal Emoluments (1,764) (1,524) 240 (1,609) 85

32-34 Goods and Services (532) (442) 90 (447) 5

35 Transfers and Subsidies (0) - 0 - -

36 Social Services (14) (5) 8 (2) (3)

39 Restricted Expenditure - - - - -

(2,309) (1,971) 338 (2,058) 87

55 562 Department of Sports

31 Personal Emoluments (799) (799) 0 (854) 55

32-34 Goods and Services (266) (227) 39 (190) (37)

35 Transfers and Subsidies (176) (167) 9 (127) (40)

36 Social Services (133) (119) 14 (44) (75)

39 Restricted Expenditure - - - - -

(1,374) (1,312) 63 (1,215) (97)

55 563 Department of Youth and Culture

31 Personal Emoluments (724) (724) 1 (639) (84)

32-34 Goods and Services (329) (316) 13 (244) (71)

35 Transfers and Subsidies (1,697) (1,697) 0 (668) (1,028)

36 Social Services (289) (288) 1 (1,527) 1,240

39 Restricted Expenditure - - - - -

(3,039) (3,024) 15 (3,079) 56

55 555 Department of Lands & Surveys

31 Personal Emoluments (1,352) (1,160) 191 (819) (342)

32-34 Goods and Services (186) (166) 20 (75) (91)

(1,537) (1,326) 211 (893) (433)

AXA FY2019

Annual Public Accounts 55 556 Department of Physic al Planning

31 Personal Emoluments (1,068) (1,067) 1 (759) (308)

32-34 Goods and Services (71) (70) 1 (36) (34)

(1,139) (1,137) 2 (795) (342)

Ministry Total (53,135) (49,143) 3,993 (57,876) 8,733

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 6.5: Ministry of Infrastructure Communications, Utilities, Agriculture & Fisheries

2019 2018

Account Description Final Payments (Excess) / Payments Actual

Budget Saving 2019 vs 2018

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

A Total Ministry

31 Personal Emoluments (8,430) (7,971) 459 (8,649) 678

32-34 Goods and services (5,526) (5,057) 469 (5,745) 687

35 Transfers and Subsidies (1,371) (1,371) - (360) (1,011)

37 Other Expenditure (29) (11) 3 - (11)

39 Restricted Expenditure - - - - -

(15,355) (14,410) 930 (14,753) 343

Account Description Final Payments (Excess) / Payments Actual

Budget Saving 2018 vs 2017

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

B Analysed by Department

650 Ministry of Infrastructure, Communication, Utilities, Agriculture & Fis h eries

31 Personal Emoluments (1,056) (981) 76 (1,061) 80

32-34 Goods and Services (1,514) (1,421) 94 (1,885) 465

35 Transfers and Subsidies (1,371) (1,371) - (360) (1,011)

37 Other Expenditure (26) (11) 15 - (11)

39 Restricted Expenditure - - - - -

(3,968) (3,784) 185 (3,306) (477)

652 Department of Infrastructure, Communications and Utilities

31 Personal Emoluments (1,751) (1,560) 191 (1,560) 1

32-34 Goods and Services (2,559) (2,518) 41 (2,315) (203)

39 Restricted Expenditure - - - - -

(4,310) (4,078) 232 (3,876) (202)

654 Department of Agriculture

31 Personal Emoluments (1,162) (1,152) 9 (1,100) (52)

32-34 Goods and Services (533) (487) 46 (272) (216)

39 Restricted Expenditure - - - - -

(1,695) (1,640) 55 (1,372) (268)

655 Department of Fisheries & Marine

31 Personal Emoluments (566) (534) 32 (659) 125

32-34 Goods and Services (166) (85) 81 (100) 15

39 Restricted Expenditure - - - - -

(732) (619) 113 (759) 140

AXA FY2019

Annual Public Accounts 656 Airport Fire Services

31 Personal Emoluments (3,330) (3,196) 134 (3,239) 43

32-34 Goods and Services (711) (512) 199 (734) 222

37 Other Expenditure (3) - 3 - -

39 Restricted Expenditure - - - - -

(4,043) (3,708) 335 (3,972) 264

657 Department of Information Syste ms & Technology

31 Personal Emoluments - - (630) 630

32-34 Goods and Services - - (428) 428

39 Restricted Expenditure - - - -

- - - (1,057) 1,057

658 Department of Environment

31 Personal Emoluments (565) (548) 17 (401) (147)

32-34 Goods and Services (43) (34) 9 (10) (24)

39 Restricted Expenditure - - - - -

(608) (582) 26 (411) (171)

Ministry Total (15,355) (14,410) 945 (14,753) 343

AX A FY2019

Annua l P ublic Accounts GOVERNMENT OF ANGUILLA 2019

Note 7: Detailed Statement of Capital Receipts

MINISTRY OF FINANCE, ECONOMIC DEVELOPMENT, INVESTMENT, COMMERCE TOURISM

2019 2018

ACCOUNT DESCRIPTION RECEIPTS RECEIPTS

XCD$000 XCD$000

450 Finance

European Development Fund 12,680 14,387

CCRIF/ UKG Development Aid - 2,712

CDB Emergency Response Grant - 540

12,680 17,639

451 Treasury

Local Revenue 4,078

Settlement Insurance Claims for Government Assets 27 752

4,105 752

LOCALLY FUNDED CAPITAL RECEIPTS 16,785 18,391

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 8: Detailed Statement of Capital Payments

LOCALLY FUNDED CAPITAL

Note 8.1: Ministry of Public Administration

2019 2018

(Over) / (Over) /

Description Final Budget Payments Under Payments Under

Estimate Estimate

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

100 Public Administration

Disaster Mitigation and Recovery - - - - -

- - - - -

Note 8.2: Ministry of Home Affairs, Natural Resources and Tourism

(Over) / (Over) /

Description Final Budget Payments Under Payments Under

Estimate Estimate

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

350 Ministry of Home Affairs, Lands and Physical Planning

Valley Primary School - - - (6) (1)

Anguilla Community College (1,575) (1,575) - (214) (1)

ALHCS Master Plan (807) (804) (3)

Minor Education Projects (300) (274) (26)

ALHCS Campus B Auditorium - - - (101) (1)

(2,682) (2,653) (29) (321) (3)

Note 8.3 Ministry of Finance, Economic Development, Investment, Commerce & Tourism

2019 2018

(Over) / (Over) /

Description Final Budget Payments Under Payments Under

Estimate Estimate

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

450 Ministry Of Finance and Economic Development

IT Equipment (965) (946) (19) - -

Tourism Sector Development (2,089) (2,085) (4) (312) 4

Stats Development- Labour Force (94) (80) (14) -

GoA Divestment Initiative (20) (20) -

Land Acquisition (4,259) (354) (3,905) (169) 4

Furniture & Equipment (311) (309) (2) (55) 4

ISD- Smartstream Upgrade, Policy (185) (184) (0)

Miscellaneous Projects (391) (391) (1) (680) 852

(8,315) (4,369) (3,945) (1,216) 863

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 8.4: Ministry of Social Development

2019 2018

(Over) / (Over) /

Description Final Budget Payments Under Payments Under

Estimate Estimate

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

550 Ministry of Social Services

Sports Development - School Playing Fields (46) (43) (3) - -

Hospital Repairs - - - (1,000)

Health Services Development (50) (50) - - -

(96) (93) (3) (1,000) -

Note 8.5: Ministry of Infrastructure Communications and Utilities

2019 2018

(Over) / (Over) /

Description Final Budget Payments Under Payments Under

Estimate Estimate

XCD$000 XCD$000 XCD$000 XCD$000 XCD$000

650 Ministry of Infrastructure Communications & Utilities

Renovation of GoA buildings (1,100) (1,062) (38) (670) (670)

NBA Building Refurbishment - (84) 614

Replacement of Government Vehicles (1,635) (1,614) (21) (115) 317

Disaster Mitigation Project (300) (287) (13) (910) 30

Fire Services Development - (3,963) 443

Road Development (15) (8) (7) - 0

IT Equipment - (303) 2

(3,050) (2,972) (78) (6,045) 1,406

Total Locally Funded Capital

Expenditure (14,143) (10,087) (4,056) (8,583) 2,266

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 9: Consolidated Fund

The Government of Anguilla operates a Consolidated Fund under the provisions of the Financial

Administration and Audit Act. All revenue and other money raised, borrowed or received by or for

the purposes of the Government are paid into the Consolidated Fund in accordance with Section

12 of the Financial Administration and Audit Act. In accordance with Section 23 of the Act no

money shall be withdrawn from the Consolidated Fund except upon the authority of a warrant

issued in accordance with either an Appropriation Act or Sections 26 or 29 of the Financial

Administration and Audit Act.

Reconciliation of the Consolidated Fund

CONSOLIDATED FUND 2019 2018

XCD$000 XCD$000

Consolidated Fund at 1 January (159,237) (162,935)

Movements in year:

Receipts 258,401 258,530

Payments (250,468) (310,603)

7,932

Adjustments Re:

Repayment of Debt 28,202 27,136

Deposits Paid - 5,331

Decrease in Advances (807) -

Increase in Reserves 3

Decrease in Reserves - (143)

Increase in Deposits (5,036) -

Proceeds from Loans (1,675) (40,414)

Increase in Advances 63,861

20,688 55,771

Consolidated Fund at 31st December (130,617) (159,237)

Consolidated at at 1st January (159,237) (162,936)

Net increase/(decrease) in Consolidated Fund 28,620 3,698

Consolidated Fund at 31st December (130,617) (159,237)

Note 10: Long Term Liabilities

LONG TERM LIABILITES 2019 2018

XCD$000 XCD$000

Loans To GOA

Domestic Lenders 17 (267,706) (281,871)

Overseas Lenders 17 (200,268) (212,630)

TOTAL LIABILITY (467,974) (494,501)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 11: Advances

Advances include any payments made by the Government of Anguilla to Individuals, Public and Private

Sector Bodies on behalf of Regional and International Organisations and Governments.

Detail of Advances made by the Government of Anguilla

.

ADVANCES 2019 Debits Credits 2018

XCD$000 During the year XCD$000

Law Books 10 18 (0) (8)

Excess Cash 0 16 (16) 0

AC General 6 - - 6

Government Project Funding 18 121 (84) (19)

Tourist Board marketing fund 107 - - 107

AGC/GOA bank account 4 0 - 4

Post office top up 1 - - 1

Deductions on behalf of employees 810 4,788 (4,845) 868

Port Authority Revenue 5,929 3,195 (3,367) 6,100

Prison Sport Fund 4 3 (2) 3

Development Board 196 32 (4) 167

Police sport fund 0 34 (34) -

Juliet Simon Fund 0 - - 0

Postal orders 45 (8) 8 45

St. Kitts - Nevis Advances 52 107 (89) 34

Trinity House Sombrero 7 93 (104) 18

Advance of Salary 17 105 (108) 19

Bank Capitalization 330,337 - (6) 330,343

Dishonoured Cheques 889 713 (666) 843

Good Government Funds 15 - - 15

Medical treatment 5,384 2,380 (274) 3,279

C&W Telephone 162 1,495 (1,928) 595

Anglec Electricity 89 5,333 (7,706) 2,462

Digicel 0 2,444 (2,450) 6

Water Corporation Advance 6,507 - - 6,507

Stolen cash IRD 24 - - 24

Advance Pay Money Gram 146 - - 146

Shortfall Cash Customs 22 - - 22

Pension Board Payments 52 - - 52

Total Advances 350,833 20,868 (21,675) 351,641

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 12: Deposits

Deposits are monies received by the Government from Individuals, Public and Private Sector Bodies. The

deposits are classified as a short term liability.

Detail of Deposits received by the Government of Anguilla

DEPOSITS 2019 Debits Credits 2018

XCD$000 During the year XCD$000

Prison Project fund (5) - (1) (4)

Prisoners Compensation Fund (15) 13 (27) (1)

Institute Fees (11) - - (11)

External Exam Fees (349) 198 (235) (313)

Sports Development (17) 60 (71) (7)

Government Project Funding (1,346) 1,228 (1,343) (1,231)

Mosquito Awareness Programme (0) - - (0)

Court Deposits (236) 406 (358) (284)

AXA Curcuit (51) - - (51)

Cash Bonds (141) - (47) (94)

Alien security deposits (3,898) 182 (417) (3,663)

Alien land holding licences (3,928) 120 (88) (3,961)

Deposits on Tenders (59) 0 (35) (25)

Unclaimed Cheques (542) 209 (447) (305)

Bona Vacantia assets. (5,782) - (2,813) (2,968)

Acorn online network. (1,152) 537 - (1,689)

Anguilla Museum (3) - - (3)

A/C general (57) 419 (425) (51)

Post Office Suspense (57) - - (57)

Acorn online network. (50) - (9) (41)

Goods on Consignment (6) 54 (54) (6)

Postal Orders (29) - (1) (28)

OECS Legislation (8) - - (8)

Court Order (1) 11 (12) -

Land Use Management (32) 92 (2) (122)

Police Security Services (56) 146 (127) (75)

Covert Operations (276) 21 (23) (273)

Medical treatment (43) 2,087 (2,107) (23)

Port Security (37) 343 (378) (2)

Prickly Pear Marine Park (189) 747 (703) (232)

Hurricane Relief (2) - (0) (2)

School Cafeteria Programme (4) - - (4)

Caribbean Tourism Relief Funds (7) 20 - (27)

Departmental Deposits (75) 1,083 (1,071) (86)

Employee Salary Deposits (3,748) 27,189 (28,990) (1,946)

British American Deposit (136) - - (136)

Electional Deposits (4) - - (4)

Advances Other (5) 10 (25) 10

Advances United Kingdom (377) - - (377)

Departmental advance (262) 438 (839) 139

(22,995) 35,613 (40,649) (17,959)

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 13: Fiscal Reserve Deposits

CONSOLIDATED FUND 2019 2018

XCD$000 XCD$000

ECCB Fiscal Reserve Account 104 100

National Bank Deposit 278 278

CCB Bank Deposit - -

British American Insurance 1,235 1,235

TOTAL FISCAL RESERVES 1,617 1,614

National Bank and CCB bank have joined and is now NCBA

Note 13.1: Fiscal Reserve Deposits Reconciliation Statement

Fiscal Reserve Deposits ECCB National CCB British Total

Reconciliation Statement Fiscal Bank Bank American

Reserve Deposit Deposit Insurance

Account

EC$000 EC$000 EC$000 EC$000 EC$000

2017

Opening Balance 100 256 - 1,400 1,757

Increase in Fiscal 0 22 - - 22

Reserves

Draw-down on Fiscal - - - (165) (165)

Reserves

Closing Balance 100 278 - 1,235 1,614

2018

Opening Balance 100 278 - 1,235 1,614

Increase in Fiscal 3 - - - 3

Reserves

Draw-down on Fiscal - - - - -

Reserves

Closing Balance 104 278 - 1,235 1,617

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 14: Investments

The Statement of Investments contains information pertaining to the shares

held by the Government of Anguilla

# Statement of Investments

VALUE AS AT

INVESTMENT 31ST DECEMBER 2019

XCD$000

Anguilla Electricity Co Ltd.

4,636,152 Ordinary Shares @ $2.50 each market 11,590

value (1), (2)

(1)

These shares are currently not traded and are recorded at nominal value.

(2) At 31st December 2019, the Government of Anguilla still retains 40% of its shareholding in the Anguilla Electricity

Co Ltd. The value of $2.50 per share is based on the price per share obtained in the 2003 sale of shares by GOA.

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 15: Original and Final Approved Budget Comparison

The approved budget is developed on the same accounting basis (cash basis), same

classification basis, and for the same period (from January 1, 2019 to December 31, 2019)

as the financial statements.

The original budget was approved in the House of Assembly in the early months in 2019.

No changes to the budget were made through legislative measures during the year. The

revised budget is as a result of reallocation, contingency and supplementary warrants

issued during the fiscal year.

The budgets set for receipts are not changed from the original budget, which has been

apportioned outside of the estimate process at a Ministry level as disclosed in Note 3.

A comparison for original and final budgets for recurrent payments is detailed in Note 5 at a

Ministry level.

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Comparison of Original and Final Budget for Capital Expenditure

ORIGINAL FINAL Variance

Expenditure BUDGET BUDGET Increase /

2019 2019 (Decrease)

XCD$000 XCD$000

Public Administration - - -

Ministry of Home Affairs, Lands and (9,040) (2,682) 6,358

Physical Planning and Environment

Ministry of Finance. Economic

Development, Investment, Commerce (4,510) (8,315) (3,805)

and Tourism

Ministry of Social Development (200) (96) 104

Ministry of Infrastructure,

Communications, Utilities, Agriculture (3,050) (3,050) -

and Fisheries

Total Estimated Expenditure (16,800) (14,143) 2,657

An explanation for significant overall variances between actual and final estimates is set

out in the Foreword.

The Government of Anguilla has applied IPSAS Section 1.9 in these financial statements.

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note:16

Statement of Public Debt Financed by Revenue - (Central Government Debt)

(Expressed in Eastern Caribbean Dollars)

CREDITOR/REF PURPOSE LIABILITY AMOUNT AMOUNT DISBURSED DISBURSED

CURRENCY APPROVED DISBURSED OUTSTANDING OUTSTANDING

DEBT 2019 DEBT 2018

FOREIGN DEBT

Long Term

European Investment Bank

Loan No: 80338 Road EURO 2,620,024.00 2,620,024.00 662,665.61 733,503.74

Development

Phase 1

Caribbean Development Bank

Loan No: 04/SFR-OR-ANL 11142 Second Multi US$ 4,617,000.00 4,617,000.00 167,399.93 251,099.93

Project

Loan No: 06/SFR-OR-ANL 11306 Disaster US$ 9,990,000.00 9,042,641.12 2,174,737.73 2,446,580.01

Management (947,358.88 -

Rehabilitation - cancelled)

Hurricane

Lenny . .

Loan No: 7/SFR-ANL 11302 Hurricane US$ 1,350,000.00 1,288,580.58 402,681.42 467,110.46

Lenny (61,419.41 -

Immediate cancelled)

Response

Loan No: 9/SFR-ANL 11303 Caribbean US$ 540,000.00 540,000.00 - 67,748.18

Catastrophe

Risk Insurance

Facility

(CCRIF)

Loan No: 4/OR-ANL 11304 Policy-Based US$ 148,500,000.00 148,500,000.00 95,906,250.17 108,281,250.13

Loan

Loan No: 5/OR-ANL 11305 Anguilla US$ 8,680,500.00 2,384,957.28 2,384,957.28 806,607.84

Community

College

Development

Project

Loan No: 7/OR-ANL 11307 Anguilla Bank US$ 59,400,000.00 59,400,000.00 58,339,285.72 59,400,000.00

Resolution -

Bridge Bank

Capitalisation

Loan No: 10/OR-ANL 11309 First US$ 25,110,000.00 25,110,000.00 25,110,000.00 25,110,000.00

Programmatic

Stability &

Resilience

Building - PBL

Loan No: 09/OR-ANL 11310 Hurricane US$ 15,210,000.00 15,065,681.14 15,120,000.01 15,065,681.14

Recovery

Support

Total Foreign Debt

AXA FY2019

Annual Public Accounts DOMESTIC DEBT

Long Term

Budget Support EC$ 50,000,000.00 50,000,000.00 5,555,555.52 11,111,111.08

Anguilla Social Security Board - 2010

Bank EC$ 214,000,000.00 214,000,000.00 214,000,000.00 214,000,000.00

Resolution

Promissory

Anguilla Social Security Board Note

Bank EC$ 32,927,506.46 32,927,506.46 25,518,817.43 28,811,568.11

Depositors Protection Trust - CCB Resolution

Bank EC$ 23,951,106.26 23,951,106.26 18,562,107.32 20,957,217.96

Depositors Protection Trust - NBA Resolution

Bank EC$ 20,000,000.00 20,000,000.00 4,069,176.33 6,991,271.83

Resolution/Bud

Eastern Caribbean Central Bank get Support

Total Domestic Debt 267,705,656.60 281,871,168.98

TOTAL FOREIGN AND DOMESTIC DEBT 467,973,634.47 494,500,750.41

AXA FY2019

Annual Public Accounts GOVERNMENT OF ANGUILLA 2019

Note 16.1: Public Debt Reconciliation Statement

2019 2018

Debt Stock Opening Balance 494,500,750.41 481,222,797.14

Foreign 212,629,581.43 185,243,929.40

Domestic 281,871,168.98 295,978,867.74

Repayments 28,201,713.36 27,136,082.98

Foreign 14,023,173.70 12,993,165.51

Add/Less: Gain/Loss on Exchange 13,027.28 35,218.71

14,036,200.98 13,028,384.22

Domestic 14,165,512.38 14,107,698.76

New Loans/Disbursements 1,674,597.42 40,414,036.25

Foreign 1,674,597.42 40,414,036.25

Domestic -

Debt Stock Closing Balance 467,973,634.47 494,500,750.41

Foreign 200,267,977.87 212,629,581.43

Domestic 267,705,656.60 281,871,168.98 GOVERNMENT OF ANGUILLA 2019

Note 17: Statement of Contingent Liabilities (Expressed in Eastern

Caribbean Dollars)

CREDITOR/REF PURPOSE/B LIABILITY AMOUNT AMOUNT DISBURSED DISBURSED

ORROWER CURRENCY APPROVED DISBURSED OUTSTANDING OUTSTANDING

DEBT 2019 DEBT 2018

FOREIGN DEBT

Long Term

Caribbean

Development Bank

Loan No: 05/SFR-OR- Fourth Line of US$ 7,659,900.00 7,652,348.69 636,206.00 741,073.75

ANL 11252 Credit - (7,515.31 -

Anguilla cancelled)

Development

Board

Loan No: 07/SFR-OR- Fifth Line of US$ 13,500,000.00 13,499,828.44 4,900,056.61 6,040,695.80

ANL 11453 Credit -

Anguilla

Development

Board

Total Foreign Debt 5,536,262.61 6,781,769.55

DOMESTIC DEBT

Long Term

National Commercial

Bank of Anguilla Ltd

Loan No: 3300944 Anguilla EC$ 750,000.00 749,054.01 78,603.77 147,355.10

Tourist Board

Anguilla Roads

Construction

Anguilla Roads & Road Bay EC$ 2,701,249.81 2,701,249.81 1,008,348.08 1,555,726.46

Construction & WWR Development

Project

Anguilla Air &

Sea Ports

Authority

Total Domestic Debt 1,086,951.85 1,703,081.56

Total Contingent Liabilities in respect of loans to third parties 6,623,214.46 8,484,851.11 GOVERNMENT OF ANGUILLA 2019

Note 20: Statement of Loans Made from the Consolidated Fund

New Loans New Loans

DESCRIPTION 2019 2018

XCD$000 XCD$000

Medical Treatment 1,197 593

Student Grants/Loans 9 3,022

TOTAL 1,207 3,615

The value of the student grants/loans was initially recorded as

expenditure through the statement of receipts and payments. All

amounts recovered are treated as receipts in year of recovery.

Note 21: Statement of Arrears

Note 21.1: Statement of Arrears of Revenue

Revenue Arrears Revenue Arrears

Revenue Arrears as at as at

2019 2018

XCD $000 XCD $000

Fisheries 0 0

IRD 62,345 37,048

Customs 3,984 1,574

Dites 0 82

Post Office 47 33

Immigration 48 121

Treasury 13,319 11,077

Health protection 25 25

Youth and Culture 2 0

Total Revenue Arrears 79,769 49,961 GOVERNMENT OF ANGUILLA 2019

Note 21: Statement of Remission, Write Offs and Settlements

DESCRIPTION 2019 VALUE 2018 VALUE

XCD$000 XCD$000

Write-offs - -

Exemption From Customs 1,868 424

Duty

Exemption From Alien 1,150 -

Land Holding Licence

TOTAL 3,018 424

Note 22: Statement of Gifts

Note 22.1: Gifts Made to the Government

Gifts Gifts

Gifts as at as at

31-Dec-19 31-Dec-18

XCD XCD

ALHCS $ - $ 137,840.82

Disaster $ 20,281.77 $ 15,641.40

Library $ 8,252.78 $ 9,564.62

Lands and Surveys $ - $ -

Youth & Culture $ 1,612.92 $ 6,451.68

Police $ 20,967.96 $ 179,007.24

Probation $ - $ 3,709.38

Health Protection $ 34,640.22 $ 1,120,683.46

Ministry of Home Affairs $ 499,466.00 $ -

Prison $ - $ 1,213.67

Post Office $ - $ -

Sports $ 23,747.23 $ 46,890.27

Total Gifts $ 608,968.88 $ 1,521,002.54

Note 22.2: Gifts Made by Government

DONOR DETAILS DONATION 2019 2018

OTHER VALUE VALUE

XCD$000 XCD$000

Nil Nil - - - GOVERNMENT OF ANGUILLA 2019

Note 22: Events After Balance Sheet Date

Events After Balance Sheet Date

British American Insurance Company Ltd (BAICO)

Note 14 to the accounts shows that at 31 December 2016 the Government of

Anguilla held EC$ 1,400,000 of Fiscal Reserve Deposits with BAICO.

Due to financial difficulties BAICO was placed under Judicial Management in

September 2009 and is in the process of being wound up. The Company is

insolvent and does not have enough assets to pay all claims in full. The process of

winding up the company is still ongoing and it unclear at present how much, if any,

of the deposit made with the company will be recovered. To date, distributions

totalling 14% have been made by the Adminstrators

United Kingdom Government (UKG)

The UKG approved a £60 million (approximately EC$227m) reconstruction grant

to restore a significant proportion of the public infrastructure destroyed or

damaged by Hurricane Irma. Funds have been identified to support the repairs,

reconstruction and development of schools, health facilities, governments offices,

ports, roads, the water distribution system, building resilience in information

systems and communications and modernisation of public services and tourism

sector development.