The Ministry of Finance was expected to commence financial audits of at least four agencies yesterday. Three of them are the Guyana Geology and Mines Commission (GGMC),Michael Jordan Jersey, the Guyana Gold Board (GCB) and National Industrial and Commercial Investments Limited (NICIL)Minister of Finance Mr. Winston Jordan said on Friday,Alen Halilovic Jersey, the audit will target these agencies which,cheap nfl jerseys discount, under the previous administration,Adam Lundqvist Sweden Jersey, were allowed to remain as offline accounts, and did not follow the correct procedure of having their revenues placed in the Consolidated Fund.Earlier the Finance Minister had stated that he had found that the Consolidated Fund is heavy in overdraft, whilst the previous government was maintaining several offline accounts.The Minister explained that there are two Consolidated Funds, an older one that had “mothball,Christian Vazquez Red Sox Jersey, so to speak when we were bringing in IFMAS (Integrated Financial Management and Accounting Systems) back in 2003” and the current Consolidated Fund. He said that the older fund has an un-reconciled balance of about $46B. The two funds together have a balance of $71B but adjusting for offline accounts that really belong to government,Detroit Tigers J. D. Martinez Jersey, there is about $60B overall,Wholesale Baltimore Orioles Jerseys, the Minister explained.In terms of the offline financial records,Enrique Hernandez Dodgers Jersey, the Ministry has already started closing accounts with balances that should have gone into the present Consolidated Fund. The Ministry is also examining other accounts and doing forensic audits for some funds like Petrocaribe, lotto, wildlife and those related to GGMC, GGB and NICIL.The Minister said that once these audits are completed, the Ministry will be better able to ascertain the balances in these offline accounts and will then transfer those to their rightful place which is the Consolidated Fund.