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## (q) Guardians Fund 

The depositors’ balance in the General Ledger Control account as at 31 March 2018 was P491 893 478, while the depositors’ listing on that date totalled P488 059 338, made up thus:- 

## (r) Livestock Advisory Services Fund 

The difference of P3 834 140 would need to be reconciled. 

<img src='content_image/449182.jpg'>

In my report for the previous year, I had commented that the accounts of the Fund were characterized by late payments, especially to Botswana Agricultural Marketing Board which is handling the activities of the Fund, with invoices dating back to December 2015. 

In his written submission to the Public Accounts Committee, the Accounting Officer had stated that the cause of delay for the payments of drought subsidies was lack of funds. He had also stated that the Board had experienced delays in compiling invoices from the various stations. 

The audit of accounts of the Fund for the year under review had indicated that the delays in payments had persisted, covering the period between December 2015 and December 2016. It is my hope that this matter would be brought under control by provision of sufficient funds whenever drought is declared. 

## (s) Public Debt Service Fund 

The figure of P2 231 596 465 representing the value of investments made from the Fund as at 31 March 2018 included P900 566 097 as loans made to the BCL liquidator, which could not be verified by reference to the loan agreement spelling out the terms of the loans. 

## (t) Cattle Export Levy Fund 

The audit of the accounts gave rise to the under-noted comments – 

(i) There were delays in the remittance of slaughter levies to the Fund, in some cases going back to 2015 and 2016. 

