Tag: Matthew Tibbetts
CIG still dodging CI$2.2B CS retirees healthcare liability
(CNS): At a Public Accounts Committee meeting on Thursday, senior officials once again dodged questions on how and when the Cayman Islands Government proposes to place its liability for the future healthcare needs of retired civil servants squarely on its books. This financial liability is currently only included in supporting notes that form part of […]
Gaps remain in management of major projects
(CNS): In the first three months of 2022 the Cayman Islands Government spent more than CI$15.7 million on major capital projects and roads, but few of the recommendations about oversight of public developments made by the Office of the Auditor General more than five years ago have been implemented.
Budget creaking under weight of COVID costs
(CNS): Government voted an additional CI$28.4 million for managing and administrating protocols surrounding the COVID-19 pandemic for this year, including quarantine and testing costs. In addition to paying people who are out of work as a result of the closed borders and supporting small businesses, the government is spending a significant amount on the isolation […]
Ministries still failing to report on cash collected
(CNS): Two of government’s most senior accountants, Financial Secretary Ken Jefferson and Accountant General Matthew Tibbetts, told Finance Committee Tuesday that work is underway to get each ministry to properly report on the coercive revenue they collect on their own books. Currently, funds that government entities collect from members of the public and businesses appear […]
Jefferson to lead on government books
(CNS): Financial Secretary Kenneth Jefferson has been formally identified as the person to take charge of core government’s overall financial reporting, the deputy governor has confirmed. After years of warnings from the Office of the Auditor General that a leader had to be appointed to deal with the ongoing weaknesses in government accounting, Franz Manderson told […]
Caymanian to take up top CIG beancounter post
(CNS): One of the government’s senior financial officers, Matthew Tibbetts has been appointed as the accountant general after an open and competitive recruitment process, officials said Wednesday. The post-holder is government’s principal accounting officer whose primary responsibility involves the consolidation of the government’s entire public sector budget and financial statements. Tibbetts is a Certified Public Accountant […]
