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	AKWA IBOM STATE CHART OF ACCOUNT 2020 ADMINISTRATION AKS INVESTMENT CORPORATION
ADMINISTRATIVE	ECONOMIC	FUNCTIONAL	PROGRAMME	FUND	GEO CODE	DESCRIPTION	APPROVED     BUDGET  2020	APPROVED   PROVISION  2019
011101200100						AKS INVESTMENT CORPORATION	1,578,081,350.00	5,280,428,840.00
011101200100	12020912	00000	00000000000000	02101	50323105	TOTAL REVENUE	40,100,000.00	51,000,000.00
						OFFICE OF THE CHAIRMAN	40,100,000.00	51,000,000.00
011101200101	12020700	00000	00000000000000	02101	50323105	Earning - General	1,000,000.00	1,000,000.00
011101200101	12020728	00000	00000000000000	02101	50323105	Workshops, Investment Promotion and Exhibition	1,000,000.00	1,000,000.00
011101200101	12020400	00000	00000000000000	02101	50323105	Fees		2,000,000.00
011101200101	12020449	00000	00000000000000	02101	50323105	Procesing Fees in Privatized Companies		2,000,000.00
011101200101	12021100	00000	00000000000000	02101	50323105	Investment Income	36,100,000.00	48,000,000.00
011101200101	12021104	00000	00000000000000	02101	50323105	Dividends from Government investments - Champion Breweries	1,000,000.00	1,000,000.00
011101200101	12021105	00000	00000000000000	02101	50323105	Dividends from Government investments - Anchor Insurance	35,000,000.00	45,000,000.00
011101200101	12021106	00000	00000000000000	02101	50323105	Dividends from Government investments - Akwa Savings and Loans Ltd
011101200101	12021107	00000	00000000000000	02101	50323105	Dividends from Government investments - Le Meridian Ltd
011101200101	12021109	00000	00000000000000	02101	50323105	Investment Income on Shares of Quoted Companies	100,000.00	2,000,000.00
011101200101	12021110	00000	00000000000000	02101	50323105	Revenue to IPC Ltd
011101200101	12020900	00000	00000000000000	02101	50323105	Rent on Land and Others - General	3,000,000.00
011101200101	12020912	00000	00000000000000	02101	50323105	Rental Income	3,000,000.00
						RECURRENT EXPENDITURE	226,081,350.00	220,428,840.00
						PERSONNEL COST	102,481,350.00	96,828,840.00
011101200101						OFFICE OF THE CHAIRMAN	1,484,575,000.00	5,197,707,280.00
						PERSONNEL COST	8,975,000.00	14,107,280.00
011101200101	21010000	70131	00003000010100	02101	50323105	SALARIES AND WAGES	8,975,000.00	14,107,280.00
011101200101	21010026	70131	00003000010126	02101	50323105	Corpers Allowance     Corpers Allowance for Office of the Chairman   335,000.00  Corpers Allowance for Office of the Chairman   335,000.00	335,000.00	720,000.00
011101200101	21010028	70131	00003000010128	02101	50323105	Chairman and Board Member     Chairman and Board Member for Office of the Chairman   8,640,000.00	8,640,000.00	8,640,000.00
						OVERHEAD COST	123,600,000.00	123,600,000.00
011101200101	22020200	70133	00002000000200	02101	50323105	UTILITIES	7,000,000.00	7,000,000.00
011101200101	22020201	70133	00002000000201	02101	50323105	Electricity Charges	2,000,000.00	2,000,000.00
011101200101	22020202	70133	00002000000202	02101	50323105	Telephone Charges	5,000,000.00	5,000,000.00
011101200101	22020100	70133	00002000000100	02101	50323105	TRAVEL AND TRANSPORT	8,000,000.00	8,000,000.00
011101200101	22020102	70133	00002000000102	02101	50323105	Local Travel and Transport : Others	8,000,000.00	8,000,000.00
011101200101	22020300	70133	00002000000300	02101	50323105	MATERIALS AND SUPPLIES	7,000,000.00	7,000,000.00
011101200101	22020301	70133	00002000000301	02101	50323105	Office Stationery / Computer Consumables	6,000,000.00	6,000,000.00
011101200101	22020304	70133	00002000000304	02101	50323105	Magazine and Periodicals for (Protocol)Directorate	1,000,000.00	1,000,000.00
011101200101	22020400	70133	00002000000400	02101	50323105	MAINTENANCE REPAIRS AND SERVICES	10,000,000.00	10,000,000.00
011101200101	22020401	70133	00002000000401	02101	50323105	Maintenance of Motor Vehicle / Transport Equipment	6,000,000.00	6,000,000.00
011101200101	22020404	70133	00002000000404	02101	50323105	Maintenance of Office / IT Equipment	4,000,000.00	4,000,000.00
011101200101	22020500	70133	00002000000500	02101	50323105	TRAINING AND STAFF DEVELOPMENT	3,000,000.00	3,000,000.00
011101200101	22020501	70133	00002000000501	02101	50323105	Local Training	2,000,000.00	2,000,000.00
011101200101	22020503	70133	00002000000503	02101	50323105	Workshop / Seminar / Conferences	1,000,000.00	1,000,000.00
011101200101	22040100	70133	00002000001500	02101	50323105	LOCAL GRANTS AND CONTRIBUTIONS	1,200,000.00	1,200,000.00
011101200101	22040101	70133	00002000001501	02101	50323105	Grant to State Governement : Current	1,200,000.00	1,200,000.00
011101200101	22020700	70133	00002000000700	02101	50323105	CONSULTANCY AND PROFESSIONAL SERVICES	5,000,000.00	5,000,000.00
011101200101	22020703	70133	00002000000703	02101	50323105	Legal Services	5,000,000.00	5,000,000.00
011101200101	22021100	70133	00002000001100	02101	50323105	ENTERTAINMENT AND HOSPITALITY	7,000,000.00	7,000,000.00
011101200101	22021101	70133	00002000001101	02101	50323105	Entertainment at Meetings	7,000,000.00	7,000,000.00
011101200101	22021000	70133	00002000001000	02101	50323105	MISCELLANEOUS EXPENSES - GENERAL	10,000,000.00	10,000,000.00
011101200101	22021004	70133	00002000001004	02101	50323105	Medical Expenses : Local	1,500,000.00	1,500,000.00
011101200101	22021013	70133	00002000001013	02101	50323105	Promotion (Service Wide)	3,500,000.00	3,500,000.00
011101200101	22021021	70133	00002000001021	02101	50323105	Office and General	5,000,000.00	5,000,000.00
011101200101	22020600	70133	00002000000600	02101	50323105	OTHER SERVICES	65,400,000.00	65,400,000.00
011101200101	22020602	70133	00002000000602	02101	50323105	Office Rent	5,000,000.00	5,000,000.00
011101200101	22020606	70133	00002000000606	02101	50323105	Internal Audit Expenses	2,000,000.00	2,000,000.00
011101200101	22020608	70133	00002000000608	02101	50323105	Special Assistant on Protocol	5,000,000.00	5,000,000.00
011101200101	22020610	70133	00002000000610	02101	50323105	Other Services	53,400,000.00	53,400,000.00
						CAPITAL EXPENDITURE	1,352,000,000.00	5,060,000,000.00
011101200101	31090100	70112	00120001340100	03101	50323109	EQUITY PARTICIPATION IN STRATEGIC CORE BUSSINESS VENTURE	1,000,000,000.00	3,000,000,000.00
011101200101	31090102	70112	00120001340111	03101	50323109	Re-Capitalization of Akwa Savings & Loans Ltd. to meet CBN requirement	1,000,000,000.00	1,000,000,000.00
011101200101	33010121	70130	00120001340115	03101	50323105	Equity Participation in Strategic Business Ventures
011101200101	33010121	70470	00120001340116	03101	50320707	Capital Restructuring at Peacock Industries Ltd		500,000,000.00
011101200101	33010121	70470	00120001340117	03101	50323105	Equity Participation in core government investment		1,500,000,000.00
011101200101	32020300	70435	00140001920100	03101	50323109	INDEPENDENT POWER PLANT PROJECT (PHASE I & II)/ POWER DISTRIBUTION	108,000,000.00	108,000,000.00
011101200101	32020305	70435	00140001920103	03101	50323109	BVN Engr. Consult (outstanding power valuation expenses)	108,000,000.00	108,000,000.00
011101200101	33010100	70131	00050002510100	03101	50323109	OTHER ACTIVITIES OF AKICORP	244,000,000.00	1,952,000,000.00
011101200101	33010109	70131	00050002510103	03101	50323109	TV and Radio Entrepreneurship programme	5,000,000.00	20,000,000.00
011101200101	33010114	70130	00050002510104	03101	50323109	Internet Provision	5,000,000.00	20,000,000.00
011101200101	32010518	70130	00050002510105	03101	50323109	Intranet Provision	5,000,000.00	15,000,000.00
011101200101	32010518	70130	00050002510106	03101	50323109	Intercom Development	5,000,000.00	20,000,000.00
011101200101	32010501	70130	00050002510107	03101	50323109	Acquisition of new computers for Directors and Desk Officers	3,000,000.00	15,000,000.00
011101200101	32010601	70130	00050002510108	03101	50323109	Office Furniture and Fittings	20,000,000.00	50,000,000.00
011101200101	33010112	70130	00050002510109	03101	50323109	Consultancy for Feasibility Studies	10,000,000.00	20,000,000.00
011101200101	33010112	70130	00050002510110	03101	50323109	Consultancy for Equipment Verification	10,000,000.00	20,000,000.00
011101200101	33010112	70130	00050002510111	03101	50323109	Consultancy for Due deligence	5,000,000.00	30,000,000.00
011101200101	33010121	70130	00050002510112	03101	50323109	Litigation expenses	10,000,000.00	30,000,000.00
011101200101	32010605	70130	00050002510113	03101	50323109	Library Development	5,000,000.00	10,000,000.00
011101200101	33010113	70130	00050002510114	03101	50323109	Documentation/Reporting	5,000,000.00	20,000,000.00
011101200101	33010113	70410	00050002510115	03101	50323109	Printing of Promotional Materials	5,000,000.00	10,000,000.00
011101200101	33010113	70410	00050002510116	03101	50323109	Corporate Profile	5,000,000.00	10,000,000.00
011101200101	32010608	70410	00050002510117	03101	50323109	DVDS	500,000.00	500,000.00
011101200101	33010113	70410	00050002510118	03101	50323109	Research	5,000,000.00	20,000,000.00
011101200101	33010113	70410	00050002510119	03101	50323109	Publications of Journals	3,000,000.00	10,000,000.00
011101200101	33010113	70480	00050002510120	03101	50323105	Publication of AKICORP Investment Series Booklet (Vol.2)	5,000,000.00	20,000,000.00
011101200101	33010121	70410	00050002510121	03101	50323105	Entrepreneurship & Investment Promotion (Pioneer Neswpapers & Other Newspapers)	6,000,000.00	6,000,000.00
011101200101	33010114	70410	00050002510122	03101	50323105	Payment of Liability for Website Development	10,000,000.00	21,000,000.00
011101200101	32020101	70130	00050002510123	03101	50323105	Renovation of 1 No. AKICORP building at Shelter Afrique	10,000,000.00
011101200101	33010113	70133	00110002510105	03101	50323109	Database	2,000,000.00	10,000,000.00
011101200101	32010405	70112	00120002510101	03101	50323109	Purchase of 1No. 18 seater bus		30,000,000.00
011101200101	32010405	70112	00120002510102	03101	50323109	Purchase of 5No. utility vehicles (Toyota Corolla)		100,000,000.00
011101200101	33010121	70112	00120002510111	03101	50323109	Entrepreneurial Finance arrangement AKSG / BOI MSME Development (Counterpart) Fund		1,000,000,000.00
011101200101	33010110	70112	00120002510113	03101	50323109	Participation in Foreign Trade Missions and Exhibitions	30,000,000.00	150,000,000.00
011101200101	33010110	70112	00120002510115	03101	50323109	Sensitization Workshops / Seminars	30,000,000.00	80,000,000.00
011101200101	33010110	70112	00120002510116	03101	50323109	Monthly Business/Entrepreneurship clinic	12,000,000.00	12,000,000.00
011101200101	32010517	70133	00120002510117	03101	50323109	Purchase of 1No. Digital Camera	2,500,000.00	2,500,000.00
011101200101	33010109	70112	00120002510118	03101	50323109	Staff Training/Capacity Building	30,000,000.00	100,000,000.00
011101200101	32010405	70112	00120002510119	03101	50323109	Purchase of 5No.Utility Vehicles (Hilux Van)		100,000,000.00
011101200103						FINANCE AND ACCOUNT DEPARTMENT	13,864,810.00	8,097,560.00
						PERSONNEL COST	13,864,810.00	8,097,560.00
011101200103	21010000	70131	00003000010100	02101	50323105	SALARIES AND WAGES	13,864,810.00	8,097,560.00
011101200103	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.08 (1 Staff)   440,780.00  GL.08 (1 Staff)   440,780.00  GL.09 (1 Staff)   437,730.00  GL.10 (1 Staff)   582,780.00  GL.12 (1 Staff)   605,230.00  GL.13 (1 Staff)   641,920.00  GL.14 (1 Staff)   797,330.00  GL.15 (1 Staff)   947,470.00  GL.17 (1 Staff)   1,209,000.00	5,662,240.00	3,545,990.00
011101200103	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Head of Finance and Account Department   4,280,250.00	4,280,250.00	2,771,640.00
011101200103	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Head of Finance and Account Department   566,220.00	566,220.00	354,600.00
011101200103	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Head of Finance and Account Department   1,710,420.00	1,710,420.00	1,425,330.00
011101200103	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Head of Finance and Account Department   1,645,680.00	1,645,680.00
011101200104						PROJECT MONITORING AND IMPLEMENTATION DEPARTMENT	18,920,990.00	6,771,240.00
						PERSONNEL COST	18,920,990.00	6,771,240.00
011101200104	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.04 (16 Staff)   2,393,760.00  GL.08 (9 Staff)   2,513,920.00  GL.09 (1 Staff)   401,260.00  GL.13 (1 Staff)   641,260.00  GL.15 (1 Staff)   947,260.00  GL.17 (1 Staff)   1,209,000.00	8,106,460.00	2,740,460.00
011101200104	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Head of Project Monitoring and Implementation Department   7,216,910.00	7,216,910.00	2,046,330.00
011101200104	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Head of Project Monitoring and Implementation Department   810,650.00	810,650.00	274,050.00
011101200104	21010005	70131	00003000010105	02101	50323105	Non - Accident Bonus     Non - Accident Bonus for Office of the Head of Project Monitoring and Implementation Department   17,500.00	17,500.00
011101200104	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Head of Project Monitoring and Implementation Department   1,710,420.00	1,710,420.00	1,710,400.00
011101200104	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Head of Project Monitoring and Implementation Department   1,059,050.00	1,059,050.00
011101200105						INVESTMENT PROMOTION AND APPRAISAL DEPARTMENT	16,588,050.00	14,598,160.00
						PERSONNEL COST	16,588,050.00	14,598,160.00
011101200105	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.12 (1 Staff)   583,990.00  GL.13 (2 Staff)   1,463,500.00  GL.15 (1 Staff)   792,050.00  GL.16 (2 Staff)   2,072,860.00  GL.17 (1 Staff)   1,209,000.00	6,121,400.00	6,151,340.00
011101200105	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Head of Investment Promotion and Appraisal Department   4,816,790.00	4,816,790.00	4,695,960.00
011101200105	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Head of Investment Promotion and Appraisal Department   612,140.00	612,140.00	615,130.00
011101200105	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Head of Investment Promotion and Appraisal Department   3,420,840.00	3,420,840.00	3,135,730.00
011101200105	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Head of Investment Promotion and Appraisal Department   1,616,880.00	1,616,880.00
011101200107						PLANNING RESEARCH AND STATISTICS DEPARTMENT	10,128,130.00	16,917,630.00
						PERSONNEL COST	10,128,130.00	16,917,630.00
011101200107	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.13 (1 Staff)   844,040.00  GL.15 (2 Staff)   1,770,600.00  GL.17 (1 Staff)   1,209,000.00	3,823,640.00	8,198,400.00
011101200107	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Head of Planning Research and Statistics Department   2,779,550.00	2,779,550.00	7,024,190.00
011101200107	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Head of Planning Research and Statistics Department   382,360.00	382,360.00	819,840.00
011101200107	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Head of Planning Research and Statistics Department   1,995,490.00	1,995,490.00	855,200.00
011101200107	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Head of Planning Research and Statistics Department   1,147,090.00	1,147,090.00
011101200110						INTERNAL AUDIT DEPARTMENT	1,681,080.00	5,089,720.00
						PERSONNEL COST	1,681,080.00	5,089,720.00
011101200110	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.13 (1 Staff)   799,130.00	799,130.00	2,006,320.00
011101200110	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Internal Audit Department   562,300.00	562,300.00	1,457,440.00
011101200110	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Internal Audit Department   79,910.00	79,910.00	200,630.00
011101200110	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Internal Audit Department   239,740.00	239,740.00
011101200111						CORPORATE / LEGAL SERVICES	11,159,370.00	4,285,660.00
						PERSONNEL COST	11,159,370.00	4,285,660.00
011101200111	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.14 (1 Staff)   773,150.00  GL.16 (1 Staff)   1,016,430.00  GL.17 (1 Staff)   1,209,000.00	2,998,580.00	1,813,760.00
011101200111	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Corporate / Legal Services   2,280,370.00	2,280,370.00	1,435,320.00
011101200111	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Corporate / Legal Services   299,860.00	299,860.00	181,380.00
011101200111	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Corporate / Legal Services   2,280,560.00	2,280,560.00	855,200.00
011101200111	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Corporate / Legal Services   900,000.00	900,000.00
011101200111	21010012	70131	00003000010112	02101	50323105	Hazard Allowance     Research/Hazard Allowance for Office of the Corporate / Legal Services   900,000.00	900,000.00
011101200111	21010013	70131	00003000010113	02101	50323105	Robe Allowance     Robe Allowance for Office of the Corporate / Legal Services   1,500,000.00	1,500,000.00
011101200112						HUMAN RESOURCES AND GENERAL ADMIN	13,556,580.00	10,154,790.00
						PERSONNEL COST	13,556,580.00	10,154,790.00
011101200112	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.07 (1 Staff)   355,370.00  GL.08 (3 Staff)   1,267,620.00  GL.09 (2 Staff)   978,400.00  GL.12 (2 Staff)   1,283,840.00  GL.14 (1 Staff)   885,300.00  GL.16 (1 Staff)   1,209,000.00	5,979,530.00	4,442,170.00
011101200112	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Human resources and General Admin   4,329,260.00	4,329,260.00	3,558,010.00
011101200112	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Human resources and General Admin   597,950.00	597,950.00	444,210.00
011101200112	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Human resources and General Admin   855,210.00	855,210.00	1,710,400.00
011101200112	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance     Responsibility Allowance for Office of the Human resources and General Admin   1,794,630.00	1,794,630.00
011101200113						ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT DEPARTMENT	7,607,340.00	7,895,950.00
						PERSONNEL COST	7,607,340.00	7,895,950.00
011101200113	21010001	70131	00003000010101	02101	50323105	Basic Salaries     GL.15 (2 Staff)   1,808,480.00  GL.16 (1 Staff)    1,209,000.00	3,017,480.00	3,022,770.00
011101200113	21010003	70131	00003000010103	02101	50323105	Consolidated Allowances     Consolidated Allowances for Office of the Entrepreneurship and Business Development Department   2,195,130.00	2,195,130.00	2,280,370.00
011101200113	21010004	70131	00003000010104	02101	50323105	Annual Leave Grant     Annual Leave Grant for Office of the Entrepreneurship and Business Development Department   301,750.00	301,750.00	302,280.00
011101200113	21010006	70131	00003000010106	02101	50323105	Domestic Servant     Domestic Servant for Office of the Entrepreneurship and Business Development Department   1,425,350.00	1,425,350.00	2,290,530.00
011101200113	21010011	70131	00003000010111	02101	50323105	Responsibility Allowance	667,630.00
						SUMMARY
						Revenue	40,100,000.00	51,000,000.00
						Capital Receipts
						TOTAL	40,100,000.00	51,000,000.00
						Personnel Cost	102,481,350.00	96,828,840.00
						Overhead Cost	123,600,000.00	123,600,000.00
						Consolidated Revenue Charges	0.00	0.00
						SUB-TOTAL	226,081,350.00	220,428,840.00
						Capital Expenditure	1,352,000,000.00	5,060,000,000.00
						TOTAL AKS INVESTMENT CORPORATION	1,578,081,350.00	5,280,428,840.00
Akwa Ibom State 2020 Approved Budget