1 / 8

MEANS FOR THE COLLECTION OF RESOURCES

MEANS FOR THE COLLECTION OF RESOURCES. Presented by Mory KANTE – General Director of the Road Authority of Mali, by the fact a Road Maintenance Fund (RMF), MALI. BASIC PRINCIPLES. Grant priority to road maintenance Roads are a public asset and a service

kyle
Download Presentation

MEANS FOR THE COLLECTION OF RESOURCES

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MEANS FOR THE COLLECTION OF RESOURCES Presented by Mory KANTE – General Director of the Road Authority of Mali, by the fact a Road Maintenance Fund (RMF), MALI

  2. BASIC PRINCIPLES • Grant priority to road maintenance • Roads are a public asset and a service • Imputing costs to the road users; each user contributes to the payment according to his use of the structure • Roads should be managed just as any marketable service • Demand the greatest rigor in terms of good governance

  3. THE FIRST INFORMATION Four essential problems can be seen: • Resolve the problem of chronic lack of financing of road maintenance • Improve the efficiency in the use of the funds • Optimise the application of resources • Show the impact on the quality of the road network

  4. THE LEGAL FRAMEWORK AND THE NATURE OF THE FUNDS • The resources and expenditures of the RMF are determined by Law • The roles to be played are defined by Law, as well as the nature of the work that can accepted for financing • Special and final clauses concerning the management structure (Administrative Council, Management Committee and General Direction – must all be defined by Law) • The road user fees are generally instituted by Governmental Decree

  5. THE NATURE OF THE FUNDS • Its own resources: • Road user fees based on: - petroleum products - taxes based on vehicle size - other • fees to be paid at a toll booth • Appropriated resources: • subsidies or State contributions or funds from a collectivity • loans received by a Government from national or foreign financial institutions • income from the investment of available funds • various receipts, gifts and donations

  6. THE COLLECTION PROCESS AND THE AVAILABILITY OF THE FUNDS • Necessity to open an account in a recognised commercial bank in order to receive the collected resources • Since the resources are generally collected by public accountants (customs agents and accountants from the public treasury), it is necessary to send out an inter-ministerial memo defining the methods for collecting the resources, and their actual means of getting them into the account opened in the name of the road maintenance fund • The frequency with which the funds are to be made available is also defined in these same conditions • The RMF must have accounting and financial supports to assure weekly controls (payment sheet and stubs on the receipt book)

  7. THE CONTROL SYSTEM • Elaborate a Manual for administrative and accounting procedures • Have an internal control structure within the RMF • Annually have an outside auditor carry out controls • Publish the results

  8. SUMMARY • Define the legal nature of the funds (receipts and expenses) • Create an autonomous fund • Assure a good administration of the funds • Define totally transparent procedures for the collection and availability of the funds to be put into the bank account for road maintenance • Have the accounts audited • Publish the results

More Related