Special Adjustment Budget Presentation to Northern Cape Provincial Executive Council
Explore a detailed presentation highlighting institutional challenges, financial overview, revenue adjustments, property rates, and expenditure in the Special Adjustment Budget for Phokwane Local Municipality. Key issues include budget deficits, compliance issues, revenue collection challenges, and infrastructure funding gaps.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
PRESENTATION TO NORTHERN PRESENTATION TO NORTHERN CAPE PROVINCIAL EXECUTIVE CAPE PROVINCIAL EXECUTIVE COUNCIL COUNCIL KIMBERLEY KIMBERLEY OCTOBER 2020 OCTOBER 2020 1 2020/21 SPECIAL ADJUSTMENT BUDGET PHOKWANE LOCAL MUNICIPALITY
Institutional Challenges Institutional Challenges 2 Persistent Budget & Operating Deficit (2014/15-2019/20) Negative Audit Opinion Property Rates not linked to Rate & General Account Property Rates Levy Compliance Issues Trading Services Tariffs not Cost Reflective: putting pressure on Rates Lack of systematic Revenue & Debt Collection Lack of Infrastructure Replacement Programme & Funding Lack of O & M Programmes/Funding gap (Reactive Repairs)
Consolidated Overview of Consolidated Overview of the 2020/21 MTREF the 2020/21 MTREF 3 Special Adjustment Budget 2020/21 Adjustment Budget 2019/20 Budget 2020/21 Total Operating Revenue 339,994,014 424,931,462 421,180,837 Total Operating Expenditure Surplus/Deficit 294,430,553 45,563,461 346,620,452 78,311,010 400,971,031 20,209,806 Total Capital Expenditure 62,434,043 93,082,214 118,967,194
Revenue 4 Total Adjustsments 2020/21 -22 240 975 Adjusted Budget 2020/21 37 074 098.00 - 106,469,645.00 - 100,084,299.00 - 5,849,904.00 - 2,375,404.00 Revenue By Source Property rates Service charges - electricity revenue Service charges - water revenue Service charges - sanitation revenue Service charges - refuse revenue Original Bodget 2020/21 59,315,073.00 106,469,645.00 100,084,299.00 5,849,904.00 2,375,404.00 Rental of facilities and equipment Interest earned - external investments Interest earned - outstanding debtors Fines, penalties and forfeits Transfers and subsidies Other revenue Total Revenue (excluding capital transfers and contributions) 500,000.00 3,013,623.00 30,611,581.00 270,000.00 116,384,000.00 57,933.00 - - - - 500,000.00 3,013,623.00 30,611,581.00 270,000.00 134,874,000.00 57,933.00 18,490,000.00 - 424,931,462.00 -3 750 625 421 180 837
Expenditure 6 Original Bodget 2020/21 86,095,084.00 7,199,669.00 30,081,118.00 30,000,000.00 150,000.00 151,427,318.00 11,171,513.00 17,402,128.00 1,250,403.00 11,843,219.00 346,620,452.00 Total Adjustsments 2020/21 (4,930,200.00) (3,599,829.00) Adjusted Budget 2020/21 81,164,884.00 3,599,840.00 - 30,081,118.00 80,000,000.00 - 150,000.00 - 151,427,318.00 16,542,013.00 17,902,128.00 - 1,250,403.00 18,853,327.00 400,971,031.00 Expenditure By Type Employee related costs Remuneration of councillors Debt impairment Depreciation & asset impairment Finance charges Bulk purchases Other materials Contracted services Transfers and subsidies Other expenditure Total Expenditure 50,000,000.00 5,370,500.00 500,000.00 7,010,108.00 54,350,579.00 Surplus/(Deficit) 78,311,010.00 -58 101 204 20 209 806
2020/21 Capital Budget 7 Original Bodget 2020/21 4,000,000.00 4,000,000.00 89,082,214.00 11,396,066.00 44,486,148.00 22,900,000.00 10,300,000.00 93,082,214.00 Total Adjustsments 2020/21 1,550,000.00 1,550,000.00 24,334,980.00 16,709,865.00 10,441,900.00 (2,816,785.00) 25,884,980.00 Adjusted Budget 2020/21 5,550,000.00 5,550,000.00 113,417,194.00 28,105,931.00 54,928,048.00 20,083,215.00 10,300,000.00 118,967,194.00 Capital Expenditure - Functional Governance and administration Finance and administration Trading services Energy sources Water management Waste water management Waste management Total Capital Expenditure - Functional -
Capital: Internal Funding 8 33 MILLION Honey Sucker (3) Bossieslanger(3) Refuse Truck (3) Bulk Metering-WTW (3) Tipper Trucks (2) TLB (3) Bakkies (6) Cherry Picker (1) Skip Loader Truck(1) Refuse Skips (40) HV Sewer Cleaner(3)
Thank You Thank You 9
