- by Mukosha Funga on 21 Nov 2017by Diggers Reporter on 21 Nov 2017by Mirriam Chabala on 21 Nov 2017by Mirriam Chabala on 21 Nov 2017
- Goal Diggers
- by Mirriam Chabala on 21 Nov 2017by Mirriam Chabala on 20 Nov 2017by Mirriam Chabala on 20 Nov 2017by Mukosha Funga on 18 Nov 2017
- by Diggers Reporter on 21 Nov 2017by Mukosha Funga on 21 Nov 2017by Diggers Reporter on 20 Nov 2017by Diggers Reporter on 20 Nov 2017
- Editor's Choice
- by Sipilisiwe Ncube on 20 Nov 2017by Zondiwe Mbewe on 18 Nov 2017by Diggers contributor on 7 Nov 2017by Mirriam Chabala on 4 Nov 2017
- Guest Diggers
- by Sishuwa Sishuwa on 18 Nov 2017by Ambassador Eric Schultz on 13 Nov 2017by Sishuwa Sishuwa on 9 Nov 2017by Sishuwa Sishuwa on 29 Oct 2017
Mulungushi University making losses – AGBy Mukosha Funga on 6 Mar 2017
THE Auditor General says Mulungushi University has been operating on losses since 2013.
And Mulungushi University owes ZRA and NAPSA over K20 million in PAYE and other contributions.
According to the Auditor General’s report on parastatal bodies and other statutory institutions for the year ended December 31, 2015, the institution had recorded operation deficits for the past three years due to rising staff costs.
“As can be seen from the financial statements, the University recorded operating deficits of K2,705,508 in 2013, K4,817,800 in 2014 and K4, 076,215 in 2015.The deficits were mostly due to rising staff cost,” the Auditor General stated.
The report also indicated that there had been a sharp increase in part time allowances from K61,640 in 2014 to K1,644,638 in 2015.
The Report further revealed that Mulungushi University recorded an increase in its administrative costs per student ratio.
“A comparison of the average administrative cost per student computed by dividing the total administration cost by the number of students registered in each academic year revealed that although the number of registered students was increasing, the administrative cost per student was also increasing,” read the report in part.
“The average administration cost per student increased from K23, 026 in 2013 to K27, 880 in 2015 representing a percentage increase of 21 per cent. In this regard, despite the increase in the number of students from 3,255 in 2013 to 3,714 in 2015 representing a percentage increase in 14 per cent the University did not manage to cover administration costs per student efficiently.”
And the Auditor General revealed that the university had not paid some of its statutory obligations.
“During the period under review, amounts totaling K21,388,918 were deducted as Pay As You Earn (PAYE) and NAPSA contributions from its employees’ emoluments. However, as of September 2016, the amounts had not been remitted to the respective institutions; ZRA, K16,956,161 and NAPSA, K4,432,757,” read the audit report.Related Items
- Kambwili rules out reconciliation with Lungu: "I want to be called Mr President"
- PF to remove Financial Intelligence boss
- ‘Wife’ sues Muvi TV owner over matrimonial house
- Kaunda has not yet traveled to meet Mugabe -Spokesperson
- Lusambo vents anger on RDA for not awarding contract to his preferred companies
- Court refuses to resolve UNIP leadership wrangles
- PF will waste millions in compensation over illegally terminated contracts – TIZ
- Police place bounty on killers of Chinese national
- $25m ADB loan to building society will push national housing agenda – ZUFIAW
- The court’s ruling was very clear, ex-ministers must pay – Kampamba
Subscribe for email alerts
Weekly Most Digged
- «November 2017»
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
+26-097-7708285, 095-3424603, 096-5815078
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend