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LIMBE I COUNCIL ADOPTS BUDGET FOR THE YEAR 2014
By Cecilia Musaka in Limbe for Fako UK/ Fako News Centre
4th January 2014
The budget of 400,000,000 million for the Limbe One Council was adopted on the 3rd of January,2014. This was voted by the mayor Mr Rodanny Mbua Mokako, chancellors and executives where they talked about the budget for the next fiscal year. These budget is divided into two sections which is the administrative and management account handled by the accountants. Yearly, the budget has to be allocated so as to carry out various projects. Limbe one council being a sub division council, does not generate all the revenue needed. Their source of revenue is got from the City council which gives them grants, FEYCOM (tax administration in Cameroon which is in charge of the revenue for local development projects) and revenue generating activities. Also, if the total revenue comes out lower than what was adopted, some of their projects will be moved to next year (2015).
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