Africa-Press – Kenya. National Museum of Kenya has outstanding bills totalling Sh61 million, some dating back to 2006, a report of Auditor General Nancy Gathungu has shown.
The report for the year ended 30 June 2021 said a review of the documents and schedules provided for audit reflected an amount of Sh61,639,784 with respect to outstanding bills. It said the bills have remained outstanding despite NMK having the money to make payments.
“No explanation was given as to why the bills were not cleared during the year under review despite the corporation reporting a cash and cash equivalent of Sh88,507,231, as of 30 June 2021,” Gathungu said.
The Auditor General said the Statement of financial position reflected Sh3.68 billion in respect of property, plant and equipment. She said the amount includes land with a book value of Sh1.57 billion which has not been valued since 1990.
“As previously reported, the National Museum of Kenya has 150 parcels of land spread across the country, out of which only 43 had title deeds and the remaining parcels have no ownership documents,” Gathungu said.
The report said NMK has property, plant and equipment with a net book value of Sh 3,685,937,571 which included heritage assets whose value could not be verified due to the lack of a fixed assets register.
“The National Museums of Kenya has not disclosed the heritage assets that have future economic benefits or service potential other than their current heritage value,” it said.
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