Saturday, 01 October 2016 17:39

Financial Management

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All values: R'000 2015/16 2014/15 2013/14 2012/13
AUDIT OUTCOME n/a Financially unqualified with findings Financially unqualified with findings Financially unqualified with findings
ll values: R'000 2015/16 2014/15 2013/14 2012/13
         
FINANCIAL PERFORMANCE
Property rates 92 348 85 161 85 766 71 259
Service charges 130 923 104 623 96 957 91 834
Investment revenue 5 211 1 996 1 049 432
Transfers recognised - operational 51 078 55 825 52 851 53 729
Other own revenue 12 761 22 599 11 041 8 726
Total Revenue (excluding capital transfers and contributions) 292 321 270 204 247 664 225 980
Employee costs 86 588 85 423 85 920 85 644
Remuneration of councillors 5 265 4 851 4 555 4 268
Depreciation & asset impairment 72 636 50 290 38 275 33 225
Finance charges 1 290 1 293 2 657 8 236
Materials and bulk purchases 76 546 68 479 60 070 64 917
Transfers and grants 16 212 4 433 5 072 3 158
Other expenditure 48 996 58 737 54 402 78 101
Total Expenditure 307 533 273 507 250 952 277 549
Surplus/(Deficit) (15 213) (3 303) (3 288) (51 569)
Transfers recognised - capital 20 140 54 401 33 502 31 409
Contributions recognised - capital & contributed assets - - - -
Surplus/(Deficit) after capital transfers & contributions 4 927 51 098 30 215 (20 160)
Share of surplus/(deficit) of associate - - - -
Surplus/(Deficit) for the year 4 927 51 098 30 215 (20 160)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure 24 377 55 976 53 148 45 080
Transfers recognised - capital 14 828 - 12 651 36 376
Public contributions & donations 627 - - -
Borrowing - - - -
Internally generated funds 8 921 55 976 40 497 8 704
Total sources of capital funds 24 377 55 976 53 148 45 080
FINANCIAL POSITION
Total current assets 137 843 84 555 31 763 24 822
Total non current assets 499 061 509 467 506 731 506 965
Total current liabilities 45 902 45 263 44 992 68 375
Total non current liabilities 21 656 22 616 22 917 23 832
Community wealth/Equity 569 345 526 144 470 585 439 580
CASH FLOWS
Net cash from (used) operating 81 249 97 973 69 813 27 200
Net cash from (used) investing (25 686) (55 796) (39 653) (35 323)
Net cash from (used) financing 3 970 (2 984) (706) (629)
Cash/cash equivalents at the year end 112 250 52 716 28 931 (523)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure n/a - - 29 318
Irregular expenditure n/a 2 167 2 040 16 113
Fruitless & wasteful expenditure n/a 214 493 261
SOURCE S71 Unaudited S71 Audited S71 Audited S71 Audited
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