The State Revision Plant (SRP) has completed a review of the Municipality of Central Park in Skopje’s 2024 operations, revealing significant weaknesses in its overall financial management and operational procedures. The findings, derived from an objective assessment of the municipality’s financial statements and reserves, indicate several areas requiring immediate attention. During the comprehensive revision, auditors identified procedural deficiencies, noting instances of untimely implementation across various municipal projects.
Most critically, the review uncovered that several constructed assets were not properly depreciated during the 2024 fiscal year. These unrecorded assets include, but are not limited to, parking meters, assembly structures, kiosk systems, and various other urban installations. According to the auditors, the failure to account for the depreciation of these tangible assets directly impacts the accuracy of the financial result and compromises the overall reliability of the financial statements presented.
The SRP’s detailed findings suggest that adherence to established accounting standards is necessary to ensure transparent fiscal reporting. Separately, the Municipality of Central Park has secured the requisite approval for exports amounting to 80.12. The audit report emphasizes that rectifying these financial control gaps is paramount for the municipality to maintain compliance and improve its fiscal governance moving forward.
Topics: #found #revision #financial
