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AKWA IBOM STATE CHART OF ACCOUNT 2019
ADMINISTRATION
AKWA IBOM PROPERTY AND INVESTMENTS COMPANY (APICO)
  ADMINISTRATIVE    ECONOMIC    FUNCTIONAL    PROGRAMME    FUND    GEO CODE                                   DESCRIPTION                                    APPROVED   
 BUDGET 
2019
 APPROVED 
 PROVISION 
2018
011118600100            AKWA IBOM PROPERTY AND INVESTMENTS COMPANY (APICO)286,383,570.00 274,904,810.00
011118600100  12021401  00000  00000000000000  02101  50323109   TOTAL REVENUE21,000,000.00 19,000,000.00
            OFFICE OF THE MANAGING DIRECTOR21,000,000.0019,000,000.00
011118600101  12020900  00000  00000000000000  02101  50323109   Rent on Land and Others - General 16,000,000.00 16,000,000.00
011118600101  12020901  00000  00000000000000  02101  50323109   Ground Rent 16,000,000.00 16,000,000.00
011118600101  12021400  00000  00000000000000  02101  50323109   Retained Revenue from Parastatal and Boards 5,000,000.00 3,000,000.00
011118600101  12021401  00000  00000000000000  02101  50323109   Retained Revenue from Parastatal and Boards 5,000,000.00 3,000,000.00
                  RECURRENT EXPENDITURE286,383,570.00 274,904,810.00
            PERSONNEL COST258,783,570.00 247,304,810.00
011118600101            OFFICE OF THE MANAGING DIRECTOR53,017,770.00 50,759,980.00
            PERSONNEL COST37,417,770.00 35,159,980.00
011118600101  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES37,417,770.00 35,159,980.00
011118600101  21010001  70131  00003000010101  02101  50323109   Basic Salaries  13,963,130.00 13,235,720.00
011118600101  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  12,436,990.00 12,142,820.00
011118600101  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  1,396,310.00 1,323,570.00
011118600101  21010005  70131  00003000010105  02101  50323109   Non - Accident Bonus  25,000.00 85,190.00
011118600101  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,584,000.00 1,200,000.00
011118600101  21010011  70131  00003000010111  02101  50323109   Responsibility Allowance  2,012,340.00 988,460.00
011118600101  21010026  70131  00003000010126  02101  50323109   Corpers Allowance  1,000,000.00 1,000,000.00
011118600101  21010028  70131  00003000010128  02101  50323109   Chairman and Board Member  5,000,000.00 5,000,000.00
            OVERHEAD COST15,600,000.00 15,600,000.00
011118600101  22020200  70133  00002000000200  02101  50323109   UTILITIES600,000.00 600,000.00
011118600101  22020201  70133  00002000000201  02101  50323109   Electricity Charges500,000.00 500,000.00
011118600101  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600101  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT1,500,000.00 1,500,000.00
011118600101  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others1,500,000.00 1,500,000.00
011118600101  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES1,700,000.00 1,700,000.00
011118600101  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables1,500,000.00 1,500,000.00
011118600101  22020304  70133  00002000000304  02101  50323109   Magazine and Periodicals for (Protocol)Directorate200,000.00 200,000.00
011118600101  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES1,300,000.00 1,300,000.00
011118600101  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment800,000.00 800,000.00
011118600101  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment500,000.00 500,000.00
011118600101  22020500  70133  00002000000500  02101  50323109   TRAINING AND STAFF DEVELOPMENT1,000,000.00 1,000,000.00
011118600101  22020501  70133  00002000000501  02101  50323109   Local Training400,000.00 400,000.00
011118600101  22020503  70133  00002000000503  02101  50323109   Workshop / Seminar / Conferences600,000.00 600,000.00
011118600101  22020700  70133  00002000000700  02101  50323109   CONSULTANCY AND PROFESSIONAL SERVICES500,000.00 500,000.00
011118600101  22020709  70133  00002000000709  02101  50323109   Research, Survey and Field Investigation500,000.00 500,000.00
011118600101  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY900,000.00 900,000.00
011118600101  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings900,000.00 900,000.00
011118600101  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL1,100,000.00 1,100,000.00
011118600101  22021004  70133  00002000001004  02101  50323109   Medical Expenses : Local300,000.00 300,000.00
011118600101  22021013  70133  00002000001013  02101  50323109   Promotion (Service Wide)300,000.00 300,000.00
011118600101  22021021  70133  00002000001021  02101  50323109   Office and General500,000.00 500,000.00
011118600101  22020600  70133  00002000000600  02101  50323109   OTHER SERVICES7,000,000.00 7,000,000.00
011118600101  22020606  70133  00002000000606  02101  50323109   Internal Audit Expenses300,000.00 300,000.00
011118600101  22020610  70133  00002000000610  02101  50323109   Other Services6,700,000.00 6,700,000.00
011118600102            OFFICE OF THE COMPANY SECRETARY22,944,630.00 19,460,890.00
            PERSONNEL COST20,544,630.00 17,060,890.00
011118600102  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES20,544,630.00 17,060,890.00
011118600102  21010001  70131  00003000010101  02101  50323109   Basic Salaries  9,260,350.00 7,843,250.00
011118600102  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  9,550,880.00 6,913,010.00
011118600102  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  926,040.00 784,320.00
011118600102  21010006  70131  00003000010106  02101  50323109   Domestic Servant  807,360.00 300,000.00
            OVERHEAD COST2,400,000.00 2,400,000.00
011118600102  22020200  70133  00002000000200  02101  50323109   UTILITIES300,000.00 300,000.00
011118600102  22020201  70133  00002000000201  02101  50323109   Electricity Charges200,000.00 200,000.00
011118600102  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600102  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT500,000.00 500,000.00
011118600102  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others500,000.00 500,000.00
011118600102  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES600,000.00 600,000.00
011118600102  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables600,000.00 600,000.00
011118600102  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES600,000.00 600,000.00
011118600102  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment600,000.00 600,000.00
011118600102  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY200,000.00 200,000.00
011118600102  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings200,000.00 200,000.00
011118600102  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL200,000.00 200,000.00
011118600102  22021021  70133  00002000001021  02101  50323109   Office and General200,000.00 200,000.00
011118600103            ADMINISTRATION DEPARTMENT65,687,810.00 65,091,470.00
            PERSONNEL COST63,787,810.00 63,191,470.00
011118600103  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES63,787,810.00 63,191,470.00
011118600103  21010001  70131  00003000010101  02101  50323109   Basic Salaries  32,654,060.00 28,632,260.00
011118600103  21010002  70131  00003000010102  02101  50323109   Overtime Payment  420,000.00 
011118600103  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  28,833,750.00 29,123,820.00
011118600103  21010005  70131  00003000010105  02101  50323109   Non - Accident Bonus  380,000.00 396,070.00
011118600103  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,500,000.00 1,500,000.00
            OVERHEAD COST1,900,000.00 1,900,000.00
011118600103  22020200  70133  00002000000200  02101  50323109   UTILITIES300,000.00 300,000.00
011118600103  22020201  70133  00002000000201  02101  50323109   Electricity Charges200,000.00 200,000.00
011118600103  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600103  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT300,000.00 300,000.00
011118600103  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others300,000.00 300,000.00
011118600103  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES300,000.00 300,000.00
011118600103  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables300,000.00 300,000.00
011118600103  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES600,000.00 600,000.00
011118600103  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment300,000.00 300,000.00
011118600103  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment300,000.00 300,000.00
011118600103  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY200,000.00 200,000.00
011118600103  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings200,000.00 200,000.00
011118600103  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL200,000.00 200,000.00
011118600103  22021021  70133  00002000001021  02101  50323109   Office and General200,000.00 200,000.00
011118600104            INVESTMENT DEPARTMENT20,500,580.00 22,984,590.00
            PERSONNEL COST18,500,580.00 20,984,590.00
011118600104  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES18,500,580.00 20,984,590.00
011118600104  21010001  70131  00003000010101  02101  50323109   Basic Salaries  10,650,740.00 10,749,750.00
011118600104  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  6,784,770.00 9,159,870.00
011118600104  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  1,065,070.00 1,074,970.00
            OVERHEAD COST2,000,000.00 2,000,000.00
011118600104  22020200  70133  00002000000200  02101  50323109   UTILITIES300,000.00 300,000.00
011118600104  22020201  70133  00002000000201  02101  50323109   Electricity Charges200,000.00 200,000.00
011118600104  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600104  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT300,000.00 300,000.00
011118600104  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others300,000.00 300,000.00
011118600104  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES400,000.00 400,000.00
011118600104  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables400,000.00 400,000.00
011118600104  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES600,000.00 600,000.00
011118600104  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment300,000.00 300,000.00
011118600104  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment300,000.00 300,000.00
011118600104  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY200,000.00 200,000.00
011118600104  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings200,000.00 200,000.00
011118600104  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL200,000.00 200,000.00
011118600104  22021021  70133  00002000001021  02101  50323109   Office and General200,000.00 200,000.00
011118600105            FINANCE DEPARTMENT21,030,330.00 22,464,950.00
            PERSONNEL COST19,130,330.00 20,564,950.00
011118600105  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES19,130,330.00 20,564,950.00
011118600105  21010001  70131  00003000010101  02101  50323109   Basic Salaries  10,034,340.00 10,232,140.00
011118600105  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  7,792,560.00 8,419,270.00
011118600105  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  1,003,430.00 1,023,210.00
011118600105  21010006  70131  00003000010106  02101  50323109   Domestic Servant  300,000.00 300,000.00
            OVERHEAD COST1,900,000.00 1,900,000.00
011118600105  22020200  70133  00002000000200  02101  50323109   UTILITIES300,000.00 300,000.00
011118600105  22020201  70133  00002000000201  02101  50323109   Electricity Charges200,000.00 200,000.00
011118600105  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600105  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT300,000.00 300,000.00
011118600105  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others300,000.00 300,000.00
011118600105  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES300,000.00 300,000.00
011118600105  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables300,000.00 300,000.00
011118600105  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES600,000.00 600,000.00
011118600105  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment300,000.00 300,000.00
011118600105  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment300,000.00 300,000.00
011118600105  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY200,000.00 200,000.00
011118600105  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings200,000.00 200,000.00
011118600105  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL200,000.00 200,000.00
011118600105  22021021  70133  00002000001021  02101  50323109   Office and General200,000.00 200,000.00
011118600106            ESTATE DEPARTMENT77,144,470.00 72,897,600.00
            PERSONNEL COST75,244,470.00 70,997,600.00
011118600106  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES75,244,470.00 70,997,600.00
011118600106  21010001  70131  00003000010101  02101  50323109   Basic Salaries  38,587,820.00 35,312,420.00
011118600106  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  31,837,870.00 31,145,940.00
011118600106  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  3,858,780.00 3,531,240.00
011118600106  21010006  70131  00003000010106  02101  50323109   Domestic Servant  600,000.00 600,000.00
011118600106  21010011  70131  00003000010111  02101  50323109   Responsibility Allowance  360,000.00 408,000.00
            OVERHEAD COST1,900,000.00 1,900,000.00
011118600106  22020200  70133  00002000000200  02101  50323109   UTILITIES300,000.00 300,000.00
011118600106  22020201  70133  00002000000201  02101  50323109   Electricity Charges200,000.00 200,000.00
011118600106  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600106  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT300,000.00 300,000.00
011118600106  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others300,000.00 300,000.00
011118600106  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES300,000.00 300,000.00
011118600106  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables300,000.00 300,000.00
011118600106  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES600,000.00 600,000.00
011118600106  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment300,000.00 300,000.00
011118600106  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment300,000.00 300,000.00
011118600106  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY200,000.00 200,000.00
011118600106  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings200,000.00 200,000.00
011118600106  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL200,000.00 200,000.00
011118600106  22021021  70133  00002000001021  02101  50323109   Office and General200,000.00 200,000.00
011118600107            PROJECT DEPARTMENT26,057,980.00 21,245,330.00
            PERSONNEL COST24,157,980.00 19,345,330.00
011118600107  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES24,157,980.00 19,345,330.00
011118600107  21010001  70131  00003000010101  02101  50323109   Basic Salaries  10,869,100.00 8,986,390.00
011118600107  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  11,601,970.00 8,334,340.00
011118600107  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  1,086,910.00 898,640.00
011118600107  21010006  70131  00003000010106  02101  50323109   Domestic Servant  600,000.00 600,000.00
            OVERHEAD COST1,900,000.00 1,900,000.00
011118600107  22020200  70133  00002000000200  02101  50323109   UTILITIES300,000.00 300,000.00
011118600107  22020201  70133  00002000000201  02101  50323109   Electricity Charges200,000.00 200,000.00
011118600107  22020202  70133  00002000000202  02101  50323109   Telephone Charges100,000.00 100,000.00
011118600107  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT300,000.00 300,000.00
011118600107  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others300,000.00 300,000.00
011118600107  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES300,000.00 300,000.00
011118600107  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables300,000.00 300,000.00
011118600107  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES600,000.00 600,000.00
011118600107  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment300,000.00 300,000.00
011118600107  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment300,000.00 300,000.00
011118600107  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY200,000.00 200,000.00
011118600107  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings200,000.00 200,000.00
011118600107  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL200,000.00 200,000.00
011118600107  22021021  70133  00002000001021  02101  50323109   Office and General200,000.00 200,000.00
                                                                                 
                        SUMMARY                  
                         Revenue    21,000,000.0019,000,000.00
                              Capital Receipts      
                              TOTAL    21,000,000.0019,000,000.00
    
                        Personnel Cost    258,783,570.00247,304,810.00
                         Overhead Cost    27,600,000.0027,600,000.00
                         Consolidated Revenue Charges    0.000.00
                         SUB-TOTAL    286,383,570.00274,904,810.00
                         Capital Expenditure    0.000.00
                         TOTAL AKWA IBOM PROPERTY AND INVESTMENTS COMPANY (APICO)    286,383,570.00274,904,810.00
Akwa Ibom State 2019 Approved Budget