RAIPUR: In a gross violation of laws and basic principles of accounting and auditing, the Chhattisgarh Housing Board (CGHB) has not prepared the income and expenditure statements and balance sheets for the past five years- 2007-08 to 2011-12. To top it all, the CGHB has been violating laws with impunity.
As a result, the financial standing of the CGHB, which otherwise claims to be cash "surplus", is not known to anyone, not even to the country's supreme audit institution, the Comptroller of Auditor General (CAG).
A performance audit of the CGHB conducted by the CAG in the last financial year clearly states that mandatory income and expenditure statements and balance sheets have not been prepared. The report quotes Section 74 of the Chhattisgarh Grih Nirman Mandal Abhiyan, 1972, which makes it mandatory to maintain proper books of accounts and their annual audit by a chartered accountant, which has to be submitted to state government.
The CAG report states that the financial position of the housing board "cannot be assessed", as no income and expenditure account and balance sheets have been prepared for years 2007-08 to 2011-12. It also notes that till November 2012, the board had failed to intimate the reasons for not maintaining proper accounts. If insiders are to be believed the situation remains the same even till date.
When contacted, CGHB chairman Sonmani Bohra tried to downplay the issue by claiming that some divisions of the board "may not have" prepared the balance sheets and the other accounting statements. He insisted that "overall all systems were being followed". When inquired further, as to how all could be well when some divisions had failed to maintain and submit records and accounts, Bohra skirted the issue by saying that CGHB was debt free and its establishment expenditure was 3.77% of the total revenue, which he claimed was a remarkable achievement.