Certain financial deficiencies of Sri Lanka Cricket (SLC) have been revealed amidst money pouring into the game in spite of the team's poor performance in recent international matches.
These deficiencies were disclosed after the financial statements for the year 2017/2018 were reviewed by the government audit.
The fixed assets register and certificates of physical verification of fixed assets for the year 2017 had not been made available to the Auditor General's department.
As such, the existence of fixed assets valued at Rs.4,249.70 million and the accuracy of their value could not be confirmed, audit inspectors said.
Contract agreements, letters of assumption of duties and dates of commencement of work and dates on which work should be completed, had not been made available for auditing purposes.
As such, the accuracy of the value of work-in-progress totalling Rs.240.99 million shown in the financial statements relating to the year under review could not be confirmed, they claimed.
SLC has failed to identify and settle the advances totaling Rs.5.85 million paid since the year 2013, it was reported.
Even though advances of Rs.58.27 million had been paid to cricket playing sports clubs during the period from the year 2008 to the year 2017 for playing matches, SLC had failed to settle and account those advances even by the end of the year under review.
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