REDACTED -IC Petrojam Investigation - Donations October 2019 final

Page 36 of 215 Petrojam Limited Integrity Commission October 2019 The DI is in possession of a document entitled “ 2018 Petrojam Limited Donations Audit Review ”, which was dated April 6, 2018 and prepared by the company’s Internal Auditor, Mr. Dwight Bailey. The following findings, inter alia , in relation to certain types of contributions made by the company were presented: “ Total Expenditure on G/L #658309 Contribution – Schools, Education, Sport and Corporate Sponsorships for the period was JA $38.2M. The following was noted: 1. Contribution increased by JA$25.19M or 192% compared to prior period. 2. Actual expenditure was JA$9.2M above budget for the period of review April 1, 2017 to January 31, 2018. … Total expenditure on G/L #658310 Other organisations and institutions for the period was JA$31.7M April to January 2018. The budget was JA$7.9M for the year… ” 7 (DI Emphasis) 7 2018 Petrojam Limited Donations Audit Review document prepared by Mr. Dwight Bailey, Internal Auditor, Petrojam Limited. 0.00% -50.72% -60% -50% -40% -30% -20% -10% 0% 0 50 100 150 200 250 2016/2017 2017/2018 # of Donations % change 0 127.05% 0% 50% 100% 150% 0.00 20,000,000.00 40,000,000.00 60,000,000.00 80,000,000.00 2016/2017 2017/2018 Amount ($) % Change