PREPARATION OF MDA CAPITAL BUDGET

CONTENT Structure of Capital Budget Budget Preparation-Workflow Understanding the Programme Segment of COA Manual Capital Budget Entry Importing Capital Budget

STRUCTURE OF CAPITAL BUDGET The Nigerian Capital Budget Structure tells how the Capital project is funded and the source of financing the projects. The capital projects are funded from Consolidated Revenue Fund (CRF)  

STRUCTURE OF CAPITAL BUDGET A Capital Structure Describes the methods use to finance capital project. In Nigeria the following factors determine the Structure: The Capital Must be appropriated The Capital Fund must be warranted It must be executed within the Financial year except where budget is transferred to another year

Budget Preparation-Workflow CEILINGS BUDGET Budget Manager SHEETS Budget Ceilings Desk Officer, Budget -Ceilings Reviewer, Budget Ceilings First Approver, Budget Ceilings Final Approver ACCOUNT DIMENSIONS VERSIONS MDA 1 Budget Plan MDA 2 Budget Plan MDA 3 Budget Plan MDA 4 Budget Plan

Budget Plan Preparation-Workflow MDA Desk Officer Budget VERSIONS Capital Amounts MDA Head of Department, MDA Head of Budget, Line Ministry Head of Budget, BOF Budget Reviewer, BOF Budget First Approver

UNDERTANDING THE PROGRAM SEGMENT OF COA COA is the creation of list and codes which can be represented by numeric, alphabetic, or alpha-numeric symbols. This is to enable the entity define each item of revenue, expenditure, asset, liability, location and other parameters in order to give interested parties a better understanding of the entity

UNDERTANDING THE PROGRAM SEGMENT OF COA Programme Segment answers the “Why” question of every transaction according to the purpose or objective. Does the transaction relate to a specific project and if so, what type of activity? Developed in advance. Policy also agreed in advance, is a deliberate plan of action to guide decisions and achieve rational outcomes.

UNDERTANDING THE PROGRAM SEGMENT OF COA Programme may be defined as a long-term outline of a government function that is designed to meet specific policy objectives of the government. Projects – Programme are further broken down into projects. Budgeting and Accounting are carried out along project lines. Objectives represent the specific result desired within a fixed period of time.

Program Segment Level Code Program Policy 04 Human Capital Development Programme 0433468 Bida Medical Center Renovation Project 043346801 Equipping of Labor Room and Operating Theatres Objective 04334680104 4 Operating Theatres Equipped Activity 0433468010408 Meeting with Suppliers

MANUAL CAPITAL BUDGET ENTRY The budget lines are mainly imported to the budget plans by uploading an Excel file, but for special occasions, it is also possible to enter budget lines manually. The instructions are the following: On the Plan Version Info page, click on the Amounts tab.

MANUAL CAPITAL BUDGET ENTRY

MANUAL CAPITAL BUDGET ENTRY

IMPORTING CAPITAL BUDGET Verify that the year in the heading row is correct. Copy the organization code (and name) – check the cell format. Copy account codes (and names) and amounts. Add fund codes (and names) – refer to a report from previous year. Add other data, if necessary (for example, program codes).

IMPORTING CAPITAL BUDGET

IMPORTING CAPITAL BUDGET

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