Nkwocha Chima Micheal

The Chairman, Lagos Travel Inn 39, Toyin Street, Lagos, Nigeria INTERNAL AUDITOR’S REPORT FOR THE MONTH OF JULY 2024. The audit report for the month of the July 2024 reveals the following, ROOM OCCUPANCY The total room occupancy for the month under review is 1140 i.e., 26.46% of the total 4,309 available rooms. See details below: Jul-24 FACILITY ANNEX MAIN TOTAL AR 1,054 3,255 4,309 Jun-24 TOTAL CONTRIBUTION TOTAL TOTAL CONTRIBUTION OCCUPANCY % AR OCCUPANCY %-% 1,-%-% 3,-% 1,140 26.46% 4,170 881 REVENUE The total revenue for the month under review is =N= 78,730,880.00 DESCRIPTION REVENUE TOTAL Jul-24 =N= 78,730,880.00 78,730,880.00 Jun-24 VARIANCE =N= =N= 64,612,-,118,585.00 64,612,295.00 14,118,585.00 21.13% CREDITOR’S FOR THE MONTH OF JULY 2024 Jul-24 B/F APPLIED IN THE MONTH OF JULY- - RICHARD LEE GRACE OKE PETER ADEYEMI NEW APOSTOPLIC STOCKGAP FUELS LTD WALE OYEDELE GO-GETTERS TRIBE LTD ZOOM INCORPORATED NASU UDAYI PATIL VISADOC ENTERPRISE 3,474,624 (2,763,690) 710,934 17,000 17,000 667,095 28,000 117,000 201,500 755,580 6,261,225 2,345,595 17,500 500,000 11,638,429 STAFF AND COMPLIMENTARY FOOD CONSUMPTION FOR THE MONTH OF JULY 2024 DESCRIPTION GENERAL STAFF FOOD STAFF A & G Jul-24 =N= 728,-,637.00 766,792.00 Jun-24 VARIANCE =N= =N= 689,-,-,-,892.00 705,540.00 61,252.00 MEGA-FLOAT RECONCILIATION An audit review of front desk utilization of mega float during the month revealed that, a total of N161,800.00 was refunded to check-out guests. The figure was reconciled. Please find enclosed Appendix I to VI for details. FRONT DESK UTILISATION OF MEGA FLOAT RECONCILIATION OPENING BALANCE TOTAL RE-EMBUSMENT FROM ACCOUNT TOTAL REFUND TO GUESS 01-31/07/2024 EXPECTED CASH BALANCE ACTUAL CASH BALANCE DIIFERENCE =N= 200,-,-,800.00 (161,-,-,000.00 - Please find enclosed Appendix I to VI for details. FUEL PURCHASED ITEM DIESEL PETROL GAS TOTAL FOR Jul-24 AMOUNT =N= 12,-,164,-,107.00 LTRS 16,242,107.00 THE MONTH OF JULY 2024 Jun-24 AMOUNT VARIANCE =N= =N= 5,000.00 6,224,600.00 9,939,-,107.00 - LTRS 6,224,600.00 10,017,507.00 126.61 petrol was bought for the month. The diesel purchased for the month is HIGHER compared to the previous month. Furthermore, all the guest checks used in the transactions by the outlet cashiers for the month were properly utilized and no guest checks were detected missing. The activities of the front office and the hotel central cashier were looked into, and all the cash receipts, advance deposit payment receipts, function/banquet receipts, and refund booklet were thoroughly checked. The analysis of bank lodgment, daily cash analysis, daily sales analysis, two-month sales summary report banquet income, and cash expenses analysis for the month under review are enclosed in this report. Please find Appendix I to VI for details. Micheal Nkwocha (Internal Auditor & Data Entry Specialist)