At 42nd session: FEICOM board lauds GM’s smooth running of institution.

The applause was voiced out by FEICOM Board of Directors. This was during the institution’s 42^nd ordinary session. 

The session, which was organised in Bafoussam, West Region, on May 30, was chaired by the Minister of Decentralisation and Local Development, Elanga Obam, who doubles as Board Chairperson of FEICOM. 

The commendation of FEICOM GM is contained in a communique issued at the end of the session by Minister Elanga Obam.

The board meeting also attended by the Governor of the West Region, Awa Fonka Augustine, was geared towards the presentation and examination of the 2022 Performance Report of the Administrative, Management and Stores Accounts, as well as the report of the financial controller.

Congratulating the General Manager, the Board Chair said the FEICOM boss has ensured “the smooth running of the institution” and presented to the board members quality documents showing the good results obtained, and the positive trends in the mobilisation of financial resources.

He said the accounts reports presented, examined and approved by the board members show proper expenditure, with an increasing rate of commitment appropriations.

Regarding the mobilisation of revenue, it was revealed that over 255 billion, 849 million FCFA was generated against an initial projections of 255 billion, 199 million FCFA, giving an achievement rate of 100.003%.

“Equalisation resources shared to Councils and City Councils over the financial year amounted to 109,721,372,261 FCFA,” the Board Chairperson added.

Regarding funding of the investments of regional and local authorities, the board further noted with satisfaction, the increase in the consumption of related budget, which stood at over 28 billion 393 million FCFA, giving a positive variation of 10.86%. 

This is compared to 2021 when the budget consumed stood at slightly over 25 billion, 612 million FCFA. 

Meanwhile, some 277 funding packages totalling over 30 billion, 671 million FCFA were granted to councils, council unions, council associations, city councils and regional councils in 2022 to carry out projects. 

Moreover, the board expressed satisfaction with the implementation of partnership programmes funded with KFW, the European Union, the African Development Bank and the Cameroon Housing Loan Fund.