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Quarterly Budget Monitoring Report
Nama Khoi Municipality
4th Quarter 2011/12
1
To The Council
In accordance with Section 52(d) of the Municipal Finance Management Act, I submit the required report on the implementation of the budget and the financial state of affairs of Nama Khoi Municipality reflecting the particulars of the third quarter of the financial year 2011/2012.
The submission of this report forms part of my general responsibilities as the Mayor of Nama Khoi Municipality. This report intends to inform council on the financial affairs of Nama Khoi Municipality and enable council to fulfil its oversight responsibility.
W T CloeteMayor
Table of Contents Page
2
Revenue by Source - 5General Notes on Revenue by Source - 6Illustration of Revenue collected - 7
Expenditure by Source - 8General Notes on Expenditure by Source – 9Illustration of Expenditure - 10
Revenue and Expenditure by Vote - 11General Notes on Revenue by Vote - 12General Notes on Expenditure by Vote - 13
Revenue and Expenditure by Standard - 14General Notes on Revenue by Standard - 15
Expenditure by Standard - 16General Notes on Expenditure by Standard - 17
Capital Expenditure - 18Illustration of Capital Expenditure - 19General Notes on Capital Expenditure - 20
Cash Receipts by Source - 21Illustration of Cash Receipts by Source - 22
Cash Payments by Type - 23Illustration of Cash Payments - 24
Creditors Age Analysis - 25Illustration of creditors outstanding 26
3
Debtors Age Analysis - 27General Notes on Debtors Age Analysis 28Illustration of Debtors Age Analysis 29
Additional Information - 30-38
Additional Notes and Recommendations - 39
4
OPERATING REVENUE June Actuals Q4 ACTUALS Q4 BUDGET Variance Variance
% YTD Actuals Adjusted
Budget
Over/under collect Budget
for the year Property Rates -27 415 -40 454 -1 463 601 1 423 147 2.76% 26 101 355 20 693 477 5 407 878 Property Rates - Penalties And Collection Charges 56 844 161 911 -348 928 510 839 -46.40% 547 696 547 696 Service Charges 6 406 520 17 695 747 20 942 642 -3 246 895 84.50% 72 609 407 76 962 676 -4 353 269 Rent Of Facilities And Equipment 61 440 239 388 79 604 159 784 300.72% 920 153 867 096 53 057 Interest Earned - External Investments 55 357 78 420 370 744 -292 324 21.15% 310 418 683 584 -373 166 Interest Earned - Outstanding Debtors 155 521 357 342 -152 640 509 982 -234.11% 1 325 916 599 870 726 046 Dividends Received - - - - - Fines 3 336 10 525 -174 056 184 581 -6.05% 159 924 6 520 153 404 Licenses and Permits 90 735 248 191 -539 880 788 071 -45.97% 1 113 754 357 606 756 148 Agency Services 125 441 267 219 332 452 -65 233 80.38% 1 095 294 1 114 078 -18 784 Transfers Recognised - Operating - - 7 682 726 -7 682 726 0.00% 27 025 000 33 531 226 -6 506 226 Transfers Recognised - Capital - - - - - Other Revenue 6 500 693 6 907 101 5 001 750 1 905 351 138.09% 12 160 036 10 152 220 2 007 816 Gain On Disposal Of Property, Plant & Equipment - - - - - Total Operating Revenue Generated 13 428 472 25 925 390 31 730 814 -5 805 424 81.70% 143 368 953 144 968 353 -1 599 400 Less Revenue Foregone 435 995 1 330 218 1 330 218 5 157 207 5 157 207 Total Operating Revenue 12 992 477 24 595 172 31 730 814 -7 135 642 77.51% 138 211 746 144 968 353 -6 756 607
Nama Khoi Revenue by Source and Expenditure by Type 2011-2012
5
General Notes:
The analysis is based on the section 71 return forms and Adjusted Budget 2011-12 submitted to National Treasury.
Total Revenue for the fourth quarter shows a variance of R7 135 642, this means the municipality collected less revenue than what was budgeted for in the Adjusted Budget.
Total Revenue for the year shows a variance of R6 756 607, this means the municipality collected less revenue than what was budgeted for in the Adjusted Budget.
Property Rates for the fourth shows that the municipality revised the figures as it expected less revenue is going to be realised.
Property Rates for the year shows that the municipality collected R5 407 878 more than what was budgeted for in the Adjusted Budget.
Service Charges for the fourth quarter shows that the municipality collected R3 246 895 less than what budgeted for in the Adjusted Budget.
Service Charges for the year shows that the municipality collected R4 253 269 less than what budgeted for in the Adjusted Budget.
Rental of facilities and equipment for the fourth quarter shows that the municipality collected R159 784 more than what budgeted for in the Adjusted Budget.
Rental of facilities and equipment shows for the year that the municipality collected R53 057 more than what budgeted for in the Adjusted Budget.
The municipality adjusted the figures for fines in the adjusted budget to R6 520, in the fourth quarter the municipality collected R10 525 and the municipality collected R153 404 more in the year than what was budgeted for in the Adjusted Budgeted
6
Illustration of revenue collected each quarter
Quarter 1 55 279 392 Quarter 2 27 204 007 Quarter 3 30 424 746 Quarter 4 25 303 601 Total 138 211 746
Total Revenue
Quarter 1; 55279392;
40%
Quarter 2; 27204007; 20%Quarter 3; 30424746;
22%
Quarter 4; 25303601;
18%
Quarter 1Quarter 2Quarter 3Quarter 4
7
OPERATING EXPENDITURE June Actuals Q4 ACTUALS Q4 BUDGET Variance Variance
% YTD Actuals Adjusted
Budget
Over/under spending
Budget for the year
Employee Related Costs - Wages & Salaries 4 678 787 13 548 132 17 119 426 -3 571 294 79.14% 48 737 945 51 617 010 -2 879 065 Remuneration Of Councillors 355 390 1 067 891 -2 930 697 3 998 588 -36.44% 4 271 389 4 271 389 Debt Impairment 115 045 230 090 402 658 -172 568 57.14% 1 150 450 1 380 540 -230 090 Collection Costs - - - - - Depreciation and Asset Impairment - - -4 481 888 4 481 888 0.00% 358 032 358 032 Interest Expense - External Borrowings 185 305 205 648 529 918 -324 270 38.81% 1 439 977 1 104 636 335 341 Redemption Payments - External Borrowings (Gamap To Remove) -5 249 217 -5 249 217 -5 249 217 - - Bulk Purchases 27 127 170 27 127 170 24 187 342 2 939 828 112.15% 39 702 797 59 984 665 -20 281 868 Other Materials - - - 79 200 79 200 Contracted Services 2 006 650 2 043 810 145 272 1 898 539 1406.89% 2 194 202 481 484 1 712 718 Grants and Subsidies 12 540 188 161 -136 637 324 798 -137.71% 1 094 060 1 094 060 Other Expenditure 13 042 801 15 371 472 17 784 826 -2 413 354 86.43% 27 754 742 44 210 948 -16 456 206 Loss On Disposal Of Property, Plant & Equipment - - - 78 498 78 498 Contributions To/(From) Provisions 5 453 5 736 5 736 20 631 20 631 Total Direct Operating Expenditure 42 279 924 54 538 893 52 620 218 1 918 675 103.65% 126 881 923 158 779 283 -31 897 360
- Operating Surplus / (Deficit) - Total Revenue Less Total Exp -29 287 447 -29 235 292 -20 889 404 11 329 823 -13 810 930
8
General Notes:
Total expenditure for the fourth quarter shows that the municipality spend R1 918 675 more than what was budgeted for in the adjusted budget.
Total Expenditure for the year shows that the municipality spend R31 897 360 more than what was budgeted for in the adjusted budget.
Depreciation in the fourth quarter shows that the municipality adjusted the figure by R4 481 888 and there was no actual expenditure, the total spend for the year is R358 032.
Employee related cost shows that the municipality spend R3 571 294 less in the fourth quarter and R2 879 065 less for the year.
Debt Impairment shows that the municipality spend R172 568 less in the fourth quarter and R230 090 less for the year
Interest expense shows that the municipality spend R324 270 less in the fourth quarter and R335 541 more for the year.
Bulk Purchases shows that the municipality spend R2 939 828 more in the fourth quarter and R20 281 868 less for the year.
Other Expenditure shows that the municipality spend R2 413 354 less in the fourth quarter and R16 456 206 less for the year.
The differences between actual and budget can be as result of transactions being processed after the compilation of the section 71 report.
9
Illustration of Expenditure for each quarter
Quarter 1 29 402 821 Quarter 2 24 388 942 Quarter 3 18 551 267 Quarter 4 54 538 893 Total 126 881 923
Total Expenditure
Quarter 1; 29402821;
23%
Quarter 2; 24388942;
19%
Quarter 3; 18551267; 15%
Quarter 4; 54538893;
43%
Quarter 1Quarter 2Quarter 3Quarter 4
10
11
June Quarter 4 Actuals
Quarter 4 Budget Variance Variance % YTD Actuals
Adjusted Budget
Over/under revenue collected
Revenue by VoteMunicipal Manager - Vote1 206 479 290 684 423 539 -132 855 68.63% 977 169 932 174 44 995 Financial Services - Vote2 332 027 -91 915 12 267 645 -12 359 560 -0.75% 48 429 822 55 799 661 -7 369 839 Corporate Services - Vote3 361 276 632 959 432 085 200 874 146.49% 1 714 894 1 573 146 141 748 Community Services: Community Development - Vote4 1 722 215 2 993 579 1 791 694 1 201 885 167.08% 8 852 188 10 966 444 -2 114 256 Community Services: Public Safety - Vote5 224 430 534 903 290 410 244 493 184.19% 2 232 391 2 270 485 -38 094 Electrical Engineering Services - Vote 6 4 386 770 11 309 805 2 204 896 9 104 909 512.94% 47 279 248 46 528 914 750 334 Infrastructure, Engineering and Technical Services - Vote7 5 759 280 9 633 586 -216 114 9 849 700 -4457.65% 28 726 034 26 897 529 1 828 505 Total Revenue by Vote 12 992 477 25 303 601 17 194 155 8 109 446 147.16% 138 211 746 144 968 353 -6 756 607
June Quarter 4 Actuals
Quarter 4 Budget Variance Variance % YTD Actuals
Adjusted Budget
Available Budget
Expenditure by Vote to be appropriated - - Municipal Manager - Vote1 2 884 350 5 351 382 3 215 885 2 135 497 166.40% 15 780 573 14 768 670 1 011 903 Financial Services - Vote2 2 574 995 4 095 573 1 062 513 3 033 060 385.46% 10 882 190 15 941 841 -5 059 651 Corporate Services - Vote3 2 742 880 4 245 995 2 015 368 2 230 627 210.68% 8 783 596 9 697 033 -913 437 Community Services: Community Development - Vote4 1 858 344 3 820 119 3 732 015 88 104 102.36% 12 691 329 16 600 335 -3 909 006 Community Services: Public Safety - Vote5 600 853 1 398 510 993 625 404 885 140.75% 4 459 110 4 365 147 93 963 Electrical Engineering Services - Vote 6 15 295 725 16 520 937 10 454 553 6 066 384 158.03% 39 128 524 51 979 786 -12 851 262 Infrastructure, Engineering and Technical Services - Vote7 16 322 777 19 106 377 9 870 855 9 235 522 193.56% 35 156 601 45 425 781 -10 269 180 Total Expenditure by Vote 42 279 924 54 538 893 31 344 815 23 194 078 174.00% 126 881 923 158 778 593 -31 896 670
- - Surplus/(Deficit) before assoc. -29 287 447 -29 235 292 -14 150 659 -15 084 633 206.60% 11 329 823 -13 810 240
Nama Khoi Quarter 4 Revenue and Expenditure by vote 2011-2012
General Notes:
12
Revenue by Vote
Total revenue for the fourth quarter shows that R8 109 446 more was collected than what was budgeted for in the Adjusted Budget.
Total revenue for the year shows that R6 756 607 less was collected than what was budgeted for in the Adjusted Budget.
Financial Services shows a difference of R12 359 560 in the fourth quarter which means the municipality collected less revenue than what was budgeted.
Financial Services shows a difference of R7 369 839 for the year which means the municipality collected less revenue than what was budgeted.
Electrical Engineering shows a difference of R9 104 909 in the fourth quarter which means the municipality collected more revenue than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Electrical Engineering shows a difference of R750 334 for the year which means the municipality collected more revenue than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Infrastructure Engineering and Technical Services shows a difference of R9 849 700 in the fourth quarter which means the municipality collected more revenue than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Infrastructure Engineering and Technical Services shows a difference of R1 828 505 for the year which means the municipality collected more revenue than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Expenditure by Vote
13
Total expenditure for the fourth quarter shows that R23 194 078 more was spend than what was budgeted for in the Adjusted Budget.
Total Expenditure for the year shows that R31 896 670 less was spend than what was budgeted for in the Adjusted Budget, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Municipal Manager shows a difference of R2 135 497 in the fourth quarter which means the municipality spend more than what was budgeted.
Municipal Manager shows a difference of R1 011 903 for the year which means the municipality spend more than what was budgeted.
Financial Services shows a difference of R3 033 060 in the fourth quarter which means the municipality spend more than what was budgeted.
Financial Services shows a difference of R5 059 651 for the year which means the municipality spend less than what was budgeted.
Corporate Services shows a difference of R2 230 627 in the fourth quarter which means the municipality spend more than what was budgeted.
Corporate Services shows a difference of R913 437 for the year which means the municipality spend less than what was budgeted.
Electrical Engineering Services shows a difference of R6 066 384 in the fourth quarter which means the municipality spend more than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year
Electrical Engineering Services shows a difference of R12 851 262 for the year which means the municipality spend less than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year
Infrastructure, Engineering and Technical Services shows a difference of R9 235 522 in the fourth quarter which means the municipality spend more than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year
Infrastructure, Engineering and Technical Services shows a difference of R10 269 180 for the year which means the municipality spend less than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
14
June Quarter 4
Actuals Quarter 4
Budget Variance Variance
% YTD Actuals Adjusted
Budget
Over/under collection of
Revenue Revenue - StandardGovernance and administration 899 782 831 728 10 331 723 -9 499 995 8.05% 51 121 885 58 304 981 -7 183 096 Executive and council 206 479 290 684 218 906 71 778 132.79% 977 169 932 174 44 995 Budget and treasury office 332 027 -91 915 9 433 872 -9 525 787 -0.97% 48 429 822 55 799 661 -7 369 839 Corporate services 361 276 632 959 678 944 -45 985 93.23% 1 714 894 1 573 146 141 748 Community and public safety 1 287 717 1 747 570 2 856 857 -1 109 287 61.17% 4 501 566 6 353 215 -1 851 649 Community and social services 55 979 175 986 124 353 51 633 141.52% 1 061 333 1 746 490 -685 157 Sport and recreation 1 005 955 1 034 941 2 212 382 -1 177 441 46.78% 1 199 260 2 336 240 -1 136 980 Public safety 224 430 534 903 525 717 9 186 101.75% 2 232 391 2 270 485 -38 094 Housing - - - - - Health 1 353 1 740 -5 594 7 334 -31.10% 8 582 - 8 582 Economic and environmental services 2 743 585 2 748 433 1 194 996 1 553 437 230.00% 3 597 908 2 858 823 739 085 Planning and development - - - - - Road transport 2 743 585 2 748 433 1 182 765 1 565 668 232.37% 3 597 908 2 847 249 750 659 Environmental protection - 12 231 -12 231 0.00% 11 574 -11 574 Trading services 8 061 393 19 975 870 17 138 402 2 837 468 116.56% 78 990 387 76 960 694 2 029 693 Electricity 4 386 770 11 309 805 10 040 696 1 269 109 112.64% 47 279 248 46 528 914 750 334 Water 1 662 301 4 627 797 2 567 369 2 060 428 180.25% 18 559 704 17 192 926 1 366 778 Waste water management 1 353 394 2 257 356 2 904 255 -646 899 77.73% 6 568 422 6 845 780 -277 358 Waste management 643 394 1 725 985 1 626 081 99 904 106.14% 6 443 351 6 393 074 50 277 Other 15 534 54 927 219 069 -164 142 25.07% 139 662 490 640 -350 978 Total Revenue - Standard 12 992 477 25 303 601 31 741 047 -6 437 446 79.72% 138 211 746 144 968 353 -6 756 607
Nama Khoi Quarter 4 Revenue and Expenditure by standard 2011-2012
15
General Notes
Revenue by standard
Total revenue for the fourth quarter shows that R6 437 447 less was spend than what was budgeted for in the Adjusted Budget.
Total revenue for the year shows that R6 756 407 less was spend than what was budgeted for in the Adjusted Budget, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Budget and Treasury office shows a difference of R9 425 787 in the fourth quarter which means the municipality collected less than what was budgeted.
Budget and Treasury office shows a difference of R7 369 839 for the year which means the municipality collected less than what was budgeted.
Sport and Recreation shows a difference of R1 177 441 in the fourth quarter which means the municipality collected less than what was budgeted.
Sport and Recreation shows a difference of R1 136 980 for the year which means the municipality collected less than what was budgeted.
Road Transport shows a difference of R1 565 668 in the fourth quarter which means the municipality collected more than what was budgeted.
Road Transport shows a difference of R750 659 for the year which means the municipality collected more than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year.
Water shows a difference of R2 060 428 in the fourth quarter which means the municipality collected more than what was budgeted.
Water shows a difference of R1 366 778 for the year which means the municipality collected more than what was budgeted, the difference can be explained by the adjustments that was made to June 2012 for transactions that was not updated on time during the year
16
June Quarter 4 Actuals
Quarter 4 Budget Variance
Variance % YTD Actuals
Adjusted Budget
Over/under Expenditure
Expenditure - Standard - - Governance and administration 8 202 225 13 692 950 11 485 793 2 207 157 119.22% 35 446 359 40 407 544 -4 961 185 Executive and council 2 884 350 5 351 382 4 048 495 1 302 888 132.18% 15 780 573 14 768 670 1 011 903 Budget and treasury office 2 574 995 4 095 573 3 899 328 196 246 105.03% 10 882 190 15 941 841 -5 059 651 Corporate services 2 742 880 4 245 995 3 537 971 708 024 120.01% 8 783 596 9 697 033 -913 437 Community and public safety 1 636 539 3 316 683 3 327 088 -10 405 99.69% 10 015 348 10 304 948 -289 600 Community and social services 319 337 878 680 2 009 834 -1 131 154 43.72% 3 615 784 5 400 128 -1 784 344 Sport and recreation 624 294 935 113 86 648 848 466 1079.22% 1 819 943 513 951 1 305 992 Public safety 600 853 1 398 510 1 218 895 179 616 114.74% 4 459 110 4 365 147 93 963 Housing - - - - - Health 92 055 104 380 11 712 92 669 891.26% 120 511 25 722 94 789 Economic and environmental services 5 078 948 6 265 825 4 522 996 1 742 830 138.53% 10 815 739 11 651 677 -835 938 Planning and development - - - - - Road transport 5 078 948 6 265 825 4 522 996 1 742 830 138.53% 10 815 739 11 651 677 -835 938 Environmental protection - - - - - Trading services 27 362 212 31 263 435 33 117 845 -1 854 410 94.40% 70 604 477 95 840 386 -25 235 909 Electricity 15 295 725 16 520 937 16 198 183 322 755 101.99% 39 128 524 51 979 786 -12 851 262 Water 10 196 705 11 046 969 9 991 401 1 055 569 110.56% 18 406 607 24 347 566 -5 940 959 Waste water management 1 047 124 1 793 583 3 397 884 -1 604 301 52.79% 5 934 255 9 426 538 -3 492 283 Waste management 960 609 2 017 395 3 530 378 -1 512 983 57.14% 6 967 816 10 086 496 -3 118 680 Other -137 951 -115 449 196 506 -311 955 -58.75% 167 275 574 038 -406 763 Total Expenditure - Standard 42 279 924 54 538 893 52 650 226 1 888 667 103.59% 126 881 923 158 778 593 -31 896 670
- - Surplus/(Deficit) before assoc. -29 287 447 -29 235 292 -20 909 179 -8 326 113 139.82% 11 329 823 -13 810 240
17
General Notes
Expenditure by standard
Total expenditure for the fourth quarter shows that R1 888 667 more was spend than what was budgeted for in the Adjusted Budget.
Total Expenditure for the year shows that R31 896 670 less was spend than what was budgeted for in the Adjusted Budget.
Executive and Council shows a difference of R1 302 888 in the fourth quarter which means the municipality spend more than what was budgeted.
Executive and Council shows a difference of R1 011 903 for the year which means the municipality spend more than what was budgeted
Road Transport shows a difference of R1 742 830 in the fourth quarter which means the municipality spend more than what was budgeted.
Road Transport shows a difference of R835 938 for the year which means the municipality spend less than what was budgeted.
Water shows a difference of R1 055 569 in the fourth quarter which means the municipality spend more than what was budgeted.
Water shows a difference of R5 940 959 for the year which means the municipality spend less than what was budgeted.
Waste Water Management shows a difference of R1 604 301 in the fourth quarter which means the municipality spend less than what was budgeted.
Waste Water Management shows a difference of R3 492 283 for the year which means the municipality spend less than what was budgeted.
Waste Management shows a difference of R1 512 983 in the fourth quarter which means the municipality spend less than what was budgeted.
Waste Management shows a difference of R3 118 680 for the year which means the municipality spend less than what was budgeted.
18
June Quarter 4
Actuals Quarter 4
Budget Variance Variance
% YTD Actuals Adjusted
Budget Over/under expenditure
Capital Expenditure - StandardGovernance and administration 5 453 5 701 5 701 295 778 295 778 Executive and council 4 897 4 897 4 897 281 421 281 421 Budget and treasury offi ce - - 13 180 13 180 Corporate services 556 804 804 1 177 1 177 Community and public safety 148 261 322 604 3 032 810 -2 710 206 10.64% 1 813 721 7 557 000 -5 743 279 Community and social services - 1 605 502 -1 605 502 0.00% 3 400 000 -3 400 000 Sport and recreation 148 261 322 604 1 427 308 -1 104 704 22.60% 1 813 721 4 157 000 -2 343 279 Public safety - - - - - Housing - - - - - Health - - - - - Economic and environmental services 51 228 137 889 2 000 324 -1 862 435 6.89% 1 079 554 4 744 000 -3 664 446 Planning and development - - - - - Road transport 51 228 137 889 2 000 324 -1 862 435 6.89% 1 079 554 4 744 000 -3 664 446 Environmental protection - - - - - Trading services 1 359 556 1 802 604 7 246 924 -5 444 320 24.87% 14 605 866 17 653 000 -3 047 134 Electricity 1 359 556 1 542 975 4 606 850 -3 063 875 33.49% 11 149 846 9 949 000 1 200 846 Water 14 801 1 412 366 -1 397 565 1.05% 119 437 2 929 000 -2 809 563 Waste water management 244 828 1 227 708 -982 880 19.94% 3 336 582 4 775 000 -1 438 418 Waste management - - - - - Other - - - - - Total Capital Expenditure - Standard 1 564 498 2 268 798 12 280 058 -10 011 260 18.48% 17 794 919 29 954 000 -12 159 081
Nama Khoi Quarter 4 Capital Expenditure by standard 2011-2012
19
Funded by: June Quarter 4
Actuals Quarter 4
Budget YTD Actuals Adjusted
Budget National Government 1 559 045 2 263 097 12 280 058 17 659 194 29 954 000 Provincial Government - - District Municipality - - Other transfers and grants - - Transfers recognised - capital - - Public contributions & donations - - Borrowing - - Internally generated funds 5 453 5 701 - 135 725 Total Capital Funding 1 564 498 2 268 798 12 280 058 17 794 919 29 954 000
Illustration of Capital Expenditure for each quarter
Quarter 1 2 765 333 Quarter 2 2 860 478 Quarter 3 9 900 310 Quarter 4 2 268 798 Total 17 794 919
Capital Expenditure
Quarter 1;
2,765,333
Quarter 2;
2,860,478
Quarter 3;
9,900,310
Quarter 4;
2,268,798
Quarter 1Quarter 2Quarter 3Quarter 4
20
General Notes
Capital Expenditure
Executive and council show that there was no budgeted figure but there was actual expenditure.
Community and social services show that there was no actual expenditure but there was a budgeted figure.
Sport and recreation shows that there was a difference for R1 104 704 in the fourth quarter which means the municipality spend less than what was budgeted.
Sport and recreation shows that there was a difference for R2 343 279 for the year which means the municipality spend less than what was budgeted.
Road Transport shows that there was a difference for R1 862 433 in the fourth quarter which means the municipality spend less than what was budgeted.
Road Transport shows that there was a difference for R3 664 446 for the year which means the municipality spend less than what was budgeted.
Electricity shows that there was a difference for R3 063 875 in the fourth quarter which means the municipality spend less than what was budgeted.
Electricity shows that there was a difference for R1 200 846 for the year which means the municipality spend more than what was budgeted.
Water shows that there was a difference for R1 397 656 in the fourth quarter which means the municipality spend less than what was budgeted.
Water shows that there was a difference for R2 809 563 for the year which means the municipality spend less than what was budgeted.
Waste Water Management shows that there was a difference for R982 880 in the fourth quarter which means the municipality spend less than what was budgeted.
Waste Water Management shows that there was a difference for R1 438 418 for the year which means the municipality spend less than what was budgeted.
21
June Quarter 4 Actuals YTD Actuals
Cash Receipts by SourceProperty rates 1 328 811 4 168 141 19 613 351 Property rates - penalties & collection charges - - - Service charges - electricity revenue 4 258 816 12 094 973 42 176 991 Service charges - water revenue 1 129 639 4 419 294 17 558 417 Service charges - sanitation revenue 305 784 973 070 4 247 589 Service charges - refuse revenue 397 187 1 243 611 5 152 873 Service charges - other 58 302 283 465 943 109 Rental of facilities and equipment 137 567 279 638 1 157 187 Interest earned - external investments 55 357 99 473 280 822 Interest earned - outstanding debtors - - - Dividends received - - - Fines 70 267 77 235 252 329 Licences and permits 90 735 184 472 870 734 Agency services - - 192 995 Transfer receipts - operational - - 42 390 357 Other revenue 5 693 065 16 002 014 62 322 801 Cash Receipts by Source 13 525 530 39 825 386 197 159 554
Other Cash Flows/Receipts by SourceTransfer receipts - capital 8 801 448 Total Cash Receipts by Source 13 525 530 39 825 386 205 961 002
Nama Khoi Quarter 4 Cash Flow by Source/Type 2011-2012
22
Illustration of Cash Receipts for each quarter
Quarter 1 57 186 060 Quarter 2 59 718 342 Quarter 3 49 231 014 Quarter 4 39 825 386 Total Receipts 205 960 802
Cash Receipts
Quarter 1; 57186060;
28%
Quarter 2; 59718342;
29%Quarter 3; 49231014;
24%
Quarter 4; 39825386;
19%
Quarter 1Quarter 2Quarter 3Quarter 4
23
June Quarter 4 Actuals YTD Actuals
Cash Payments by TypeEmployee related costs 3 927 065 11 493 387 42 552 790 Remuneration of councillors 352 210 1 058 352 4 104 465 Collection costs - - - Interest paid 195 974 309 724 975 811 Bulk purchases - Electricity - 3 439 933 36 532 137 Bulk purchases - Water & Sewer - - 8 647 978 Other materials - - - Contracted services 21 181 63 543 364 240 Grants and subsidies paid - other municipalities - - - Grants and subsidies paid - other - - - General expenses 6 196 599 14 593 639 58 188 261 Cash Payments by Type 10 693 030 30 958 576 151 365 681
Other Cash Flows/Payments by Type 1 290 338 8 904 732 53 540 732 Capital assets 832 995 7 379 255 15 886 010 Repayment of borrowing 457 343 753 477 3 251 144 Other Cash Flows/Payments - 772 000 34 403 577
Total Cash Payments by Type 11 983 368 39 863 308 204 906 413 Net Increase/(Decrease) in Cash Held 1 542 162 -37 922 1 054 589 Cash/cash equivalents at the month/year begin: 1 721 464 3 301 549 2 209 037 Cash/cash equivalents at the month/year end: 3 263 626 3 263 626 3 263 626
Illustration of Cash Payments for each quarter
24
Quarter 1 55 736 130 Quarter 2 59 803 115 Quarter 3 49 503 860 Quarter 4 39 863 308 Total Payments 204 906 413
Cash Payments
Quarter 1; 55736130;
27%
Quarter 2; 59803115;
29%Quarter 3; 49503860;
24%
Quarter 4; 39863308;
19%
Quarter 1Quarter 2Quarter 3Quarter 4
General Notes
Cash Flow Statements
I could not make any comparisons between the actual cash flow and the adjusted cash flow, reason being the monthly budgeted flow in the adjusted budget was not done.
The actual cash flow for the fourth quarter and for the year shows cash and cash equivalents at year end of R3 263 626.
25
0 - 30 Days 31 - 60 Days 61 - 90 Days 91 - 120 Days Total-Bulk Electricity 4 939 754 3 208 215 6 462 734 14 610 703 Bulk Water 1 267 836 1 353 467 1 433 683 6 338 430 10 393 416 PAYE deductions - - - - - VAT (output less input) - - - - - Pensions / Retirement deductions - - - - - Loan repayments - - - - - Trade Creditors 391 244 463 427 35 915 574 484 1 465 071 Auditor General - - - - - Other - - - - - Total 6 598 834 1 816 895 4 677 813 13 375 649 26 469 190
Nama Khoi Municipality Creditors Age Analysis 30 June 2012
General Notes
The total outstanding creditors at 30 June 2012 was R26 469 190.
The total bulk electricity outstanding was R14 610 703 of which R6 462 734 has been outstanding for more than 90 days.
The total bulk water outstanding was R10 393 416 of which R6 338 430 has been outstanding for more than 90 days.
Trade creditors outstanding was R1 465 071 of which R574 484 has been outstanding for more than 90 days.
26
Figure Illustrating age creditors per month outstanding
30 Days; 6598833.77;
25%
60 Days; 1816894.54;
7%
90 Days; 4677812.62;
18%
120 Days; 13375649;
51%
30 Days60 Days90 Days120 Days
27
Detail 0 - 30 Days 31 - 60 Days 61 - 90 Days 91 - 120 Days 121 - 150 Days 151 - 180 Days Total-Debtors Age Analysis By Income SourceWater Tariffs 717 063 460 336 447 844 349 535 393 988 7 055 259 9 424 025 Electricity Tariffs 2 519 944 301 046 104 042 193 132 78 396 1 195 633 4 392 193 Rates (Property Rates) 975 309 556 753 390 356 346 597 341 777 9 379 538 11 990 330 Sewerage / Sanitation Tariffs 371 891 138 490 76 019 70 457 62 514 2 209 561 2 928 932 Refuse Removal Tariffs 574 283 256 727 170 558 158 572 149 309 5 482 011 6 791 460 Housing (Rental Income) - RSC LeviesOther 201 555 120 174 113 174 101 976 116 733 4 174 595 4 828 207 Total By Income Source 5 360 045 1 833 526 1 301 993 1 220 269 1 142 717 29 496 597 40 355 147
Debtors Age Analysis By Customer GroupGovernment 384 935 223 409 108 929 96 690 53 689 701 699 1 569 351 Business 2 186 651 333 704 229 325 214 985 209 780 4 268 388 7 442 833 Households 2 788 459 1 276 413 963 739 908 594 879 248 24 526 510 31 342 963 Other - Total By Customer Group 5 360 045 1 833 526 1 301 993 1 220 269 1 142 717 29 496 597 40 355 147
Nama Khoi Municiapality Debtors Age Analysis 30 June 2012
28
General Notes
Total Debtors outstanding at 30 June 2012 was R40 355 147
Water outstanding at 30 June 2012 was R9 424 025 with R7 055 259 outstanding more than 150 days.
Electricity outstanding at 30 June 2012 was R4 392 193 with R1 195 633 outstanding more than 150 days.
Rates outstanding at 30 June 2012 was R11 990 330 with R9 379 538 outstanding more than 150 days.
Sewerage outstanding at 30 June 2012 was R2 928 932 with R2 209 561 outstanding more than 150 days.
Refuse removal outstanding at 30 June 2012 was R6 791 460 with R5 482 011 outstanding more than 150 days.
Other Services outstanding at 30 June 2012 was R4 828 207 with R4 174 595 outstanding more than 150 days.
Debtors age analysis by group.
Government departments did have an outstanding balance at 30 June 2012 of R1 569 351 with R701 699 outstanding more than 150 days.
Businesses did have an outstanding balance at 30 June 2012 of R7 442 833 with R4 268 388 outstanding more than 150 days.
Households did have an outstanding balance at 30 June 2012 of R31 342 963 with R24 526 510 outstanding more than 150 days.
29
Figure illustrating debtors per month outstanding
30 Days; 5360045;
13%
60 Days ; 1833526;
5%
90 Days; 1301993;
3%120 + Days; 31859583;
79%
30 Days60 Days 90 Days120 + Days
30
Additional Information
39851 01/02/12 F X CUPIDO 12 January 2012 5 5 687.5139852 01/02/12 G CLOETE 12 January 2012 5 5 687.5139853 01/02/12 S KLEINBOOI 12 January 2012 5 5 687.5139856 01/02/12 A M MAGERMAN 12 January 2012 5 5 687.5139857 01/02/12 E F MARITZ 12 January 2012 5 4 695.0439858 01/02/12 L F FABER 12 January 2012 5 9 889.8139863 01/02/12 G Y PIETERS 12 January 2012 5 5 687.5140257 08/03/12 SCHREUDERS PROKUREURS maart 2012 3 95.0040385 26/03/12 W T CLOETE maart 2012 3 208.0040660 20/04/12 UNDULATA COUNTRY LODGE april. 12 2 2 260.0040721 30/04/12 LEGAL WISE april. 12 2 2 560.0040931 18/05/12 P SWARTBOOI Mei 12 1 1 248.0041022 31/05/12 TWELVE DEVELOPMENTAL SERVICES Mei 12 1 26 669.6941037 31/05/12 NAMA KHOI MUNISIPALITEIT Mei 12 1 1 769.8441114 06/06/12 METOREX LTD Junie 12 0 100.0041115 06/06/12 M M BROWN Junie 12 0 79.0041203 15/06/12 B-FLEX ENGINEERING SUPPLIES Junie 12 0 4 815.3641211 15/06/12 J KLEINBOOI Junie 12 0 400.0041219 18/06/12 TIME FREIGHT Junie 12 0 9 163.3341231 19/06/12 SPRINGBOK WINDSCREEN CLINIC BK Junie 12 0 562.3041234 19/06/12 M GALLIE Junie 12 0 165.6941258 20/06/12 M AURET Junie 12 0 669.9041279 22/06/12 G MAAS Junie 12 0 250.0041285 22/06/12 S W CLOETE Junie 12 0 506.0041286 22/06/12 C F FIELDING Junie 12 0 156.4041287 22/06/12 VREDEKLOOF ACCOMODATION Junie 12 0 1 600.0041289 22/06/12 REDNIC BK Junie 12 0 11 704.0041290 22/06/12 OPPI HOEK KAFEE Junie 12 0 836.0041294 25/06/12 J C BASSON Junie 12 0 208.0041306 25/06/12 WALTONS STATIONARY Co.(Pty)Lim Junie 12 0 4 113.8441314 26/06/12 C JOSEPH Junie 12 0 764.00
OUTSTANDING CHEQUES 30/06/12Nama Khoi Municipality
31
41320 28/06/12 DEPT SAFETY AND LIAISON Junie 12 0 8 280.0041322 28/06/12 DEPT SAFETY AND LIAISON Junie 12 0 113 655.2641324 29/06/12 SABC TV LICENCE Junie 12 0 9 750.0041325 29/06/12 SPRINGBOK AUTO ELECTRICAL SERV Junie 12 0 5 000.0041329 29/06/12 P B CLOETE Junie 12 0 3 218.2341330 29/06/12 NAMA KHOI MUNISIPALITEIT Junie 12 0 981.7741331 29/06/12 C J MINNIE Junie 12 0 419.9841332 29/06/12 T VAN WYK KOTZE Junie 12 0 1 116.0041333 29/06/12 NAMA KHOI MUNISIPALITEIT Junie 12 0 779.6041334 29/06/12 T ROSE Junie 12 0 180.0441335 29/06/12 POP IN Junie 12 0 12 379.2541336 29/06/12 MUNISIPALE TESOURIE Junie 12 0 3 000.0041337 29/06/12 MUNISIPALE TESOURIE Junie 12 0 3 000.0041338 29/06/12 MUNISIPALE TESOURIE Junie 12 0 3 000.0041339 29/06/12 MUNISIPALE TESOURIE Junie 12 0 3 000.0041340 29/06/12 MUNISIPALE TESOURIE Junie 12 0 3 000.0041341 29/06/12 MUNISIPALE TESOURIE Junie 12 0 3 000.0041344 29/06/12 M B CLOETE Junie 12 0 960.0041348 29/06/12 DEPT SAFETY AND LIAISON Junie 12 0 180 754.9941349 29/06/12 DRIVERS LICENCE CARD ACCOUNT Junie 12 0 5 400.0041350 29/06/12 DEPT SAFETY AND LIAISON Junie 12 0 8 892.0041352 29/06/12 OLD MUTUAL Junie 12 0 4 640.7941353 29/06/12 SANLAM Junie 12 0 6 614.68
494 949.34
OUTSTANDING CHEQUES 30/06/12Nama Khoi Municipality
32
INVESTMENTS:Investments as at 30 June 2012
Details Balance 01/04/2012
Interest Received
Transfers out Transfers in Balance 30/06/2012
FMG 198 139.56 1 496.81 1 968.82 0.00 197 667.55
Land sales 1 005.71 7.57 13.28 0.00 1 000.00
DME 7 642 695.25 42 700.68 6 316 188.33 0.00 1 369 147.60
MSIG 586 858.53 2 082.48 570 604.28 0.00 18 336.73
Housing 2 354 806.32 15 797.85 18 365.78 0.00 2 352 238.39
MIG 13 465 142.85 78 460.68 3 589 326.52 0.00 9 954 277.01
NDM 601 432.91 1 667.52 503 100.43 0.00 100 000.00
Library 0.00 772.08 772.08 772 000.00 772 000.00
Total 24 850 081.13 142 985.67 11 000 339.52 772 000.00 14 764 667.28
33
Government Grants Received and Spend April 2012-June 2012
Operating & Capital Grants Received ExpenditureEquitable SharesMunicipal Infrastructure Grant R720 122Housing R122 451 R343 080Department of Mineral & Energy R1 542 975Financial Management Grant R116 691Municipal Systems Improvement Grant R88 123LibraryTotal R122 451 R2 810 991
BORROWINGS: at 30 June 2012
34
BALANCE 01/20/12
RECEIVED REDEEMED CURRENT
DBSA R7 035 319 R502 874 6 532 445
Total R7 035 319 R502 874 6 532 445
35
DIENSPUNT UITSTAANDE 0P 31.05.12
PLUS HEFFINGS
MIN ONTVANGSTE
UITSTAANDEOP 30.06.12
STYGING/(DALING)
A B C D E F
BELASTING:
Springbok 2 466 494.55 1 098 156.71 1 035 285.28 2 529 365.98 62 871.43 2.55%
Steinkopf 3 533 250.59 238 487.17 135 894.50 3 635 843.26 102 592.67 2.90%
Concordia 971 438.09 137 256.12 115 521.42 993 172.79 21 734.70 2.24%
Komaggas 2 715 626.71 48 958.32 13 674.70 2 750 910.33 35 283.62 1.30%
Okiep 632 159.53 121 806.97 114 965.22 639 001.28 6 841.75 1.08%
Nababeep 447 918.02 192 117.00 173 306.75 466 728.27 18 810.25 4.20%
TOTAAL BELASTING 10 766 887.49 1 836 782.29 1 588 647.87 11 015 021.91 248 134.42 2.30%
DIENSTE:
Springbok 2 535 633.31 3 469 088.12 3 586 418.07 2 418 303.36 (117 329.95) (4.63%)
Steinkopf 3 550 237.38 372 082.31 277 046.44 3 645 273.25 95 035.87 2.68%
Concordia 1 935 548.58 501 989.37 478 901.72 1 958 636.23 23 087.65 1.19%
Komaggas 7 198 318.32 120 849.34 30 533.89 7 288 633.77 90 315.45 1.25%
Okiep 1 533 597.35 297 171.25 322 638.37 1 508 130.23 (25 467.12) (1.66%)
Nababeep 2 511 086.74 715 564.60 692 190.36 2 534 460.98 23 374.24 0.93%
TOTAAL DIENSTE 19 264 421.68 5 476 744.99 5 387 728.85 19 353 437.82 89 016.14 0.46%
% STYGING/(DALING)
NAMA KHOI MUNISIPALITEITVERSLAG OOR UITSTAANDE GELDE VIR JUNIE 2012
G
36
DIENSPUNT UITSTAANDE 0P 31.05.12 PLUS HEFFINGS MIN
ONTVANGSTE UITSTAANDEOP 30.06.12
STYGING/(DALING)
% STYGING/(DALING)
GRONDVERKOPE:
Springbok 115 703.32 3 480.49 4 087.38 115 096.43 (606.89) (0.52%)
Steinkopf 156 769.48 1 490.16 651.02 157 608.62 839.14 0.54%
Concordia 138 785.60 3 131.58 2 262.35 139 654.83 869.23 0.63%
Kommagas 76 551.57 270.00 270.00 76 551.57 - 0.00%
Okiep 203 017.33 1 447.23 1 706.84 202 757.72 (259.61) (0.13%)
Nababeep 48 028.97 1 396.93 375.56 49 050.34 1 021.37 2.13%
TOTAAL GRONDVERKOPE 738 856.27 11 216.39 9 353.15 740 719.51 1 863.24 0.25%
WEIDINGS-FOOIE:
Springbok 5 676.51 2 715.80 2 684.42 5 707.89 31.38 0.55%
Steinkopf 489 019.44 34 649.06 21 750.03 501 918.47 12 899.03 2.64%
Concordia 223 692.55 24 924.20 17 659.57 230 957.18 7 264.63 3.25%
Komaggas 450 760.74 8 590.29 1 733.02 457 618.01 6 857.27 1.52%
Okiep 15 165.95 3 287.57 3 140.40 15 313.12 147.17 0.97%
Nababeep 7 109.22 2 228.62 1 981.58 7 356.26 247.04 3.47%
TOTAAL WEIDINGSFOOIE 1 191 424.41 76 395.54 48 949.02 1 218 870.93 27 446.52 2.30%
37
DIENSPUNT UITSTAANDE 0P 31.05.12 PLUS HEFFINGS MIN
ONTVANGSTE UITSTAANDEOP 30.06.12
STYGING/(DALING)
% STYGING/(DALING)
DIVERSE:
Springbok 927 790.28 67 609.82 60 723.01 934 677.09 6 886.81 0.74%
Steinkopf 351 175.96 23 185.24 26 427.85 347 933.35 (3 242.61) (0.92%)
Concordia 380 351.54 13 721.60 18 540.01 375 533.13 (4 818.41) (1.27%)
Komaggas 630 831.93 11 069.94 24 586.99 617 314.88 (13 517.05) (2.14%)
Okiep 135 232.30 2 087.03 3 904.79 133 414.54 (1 817.76) (1.34%)
Nababeep 253 339.38 8 235.34 3 385.08 258 189.64 4 850.26 1.91%
TOTAAL DIVERSE 2 678 721.39 125 908.97 137 567.73 2 667 062.63 (11 658.76) (0.44%)
GROOT TOTAAL 34 640 311.24 7 527 048.18 7 172 246.62 34 995 112.80 354 801.56 1.02%
TOTAAL PER DIENSPUNT:
Springbok 6 051 297.97 4 641 050.94 4 689 198.16 6 003 150.75 (48 147.22) (0.80%)
Steinkopf 8 080 452.85 669 893.94 461 769.84 8 288 576.95 208 124.10 2.58%
Concordia 3 649 816.36 681 022.87 632 885.07 3 697 954.16 48 137.80 1.32%
Komaggas 11 072 089.27 189 737.89 70 798.60 11 191 028.56 118 939.29 1.07%
Okiep 2 519 172.46 425 800.05 446 355.62 2 498 616.89 (20 555.57) (0.82%)
Nababeep 3 267 482.33 919 542.49 871 239.33 3 315 785.49 48 303.16 1.48%
34 640 311.24 7 527 048.18 7 172 246.62 34 995 112.80 354 801.56 1.02%
38
A B C D E F G H I
1 3 649 816.36 681 022.87 632 885.07 3 697 954.16 48 137.80 93% 17%CONCORDIA
2 4 039 375.74 372 506.64 263 822.33 4 148 060.05 108 684.31 71% 6%STEINKOPF
3 4 041 077.11 297 387.30 197 947.51 4 140 516.90 99 439.79 67% 5%STEINKOPF
4 3 873 497.22 4 254 385.60 4 266 797.37 3 861 085.45 (12 411.77) 100% 51%SPRINGBOK
5 1 202 971.75 307 023.27 290 355.57 1 219 639.45 16 667.70 95% 24%BERGSIG
6 2 519 172.46 425 800.05 446 355.62 2 498 616.89 (20 555.57) 105% 18%OKIEP
7 974 829.00 79 642.07 132 045.22 922 425.85 (52 403.15) 166% 14%MKLOOF/VWATER
8 11 072 089.27 189 737.89 70 798.60 11 191 028.56 118 939.29 38% 1%KGAS
9 3 267 482.33 919 542.49 871 239.33 3 315 785.49 48 303.16 95% 26%NABABEEP
34 640 311.24 7 527 048.18 7 172 246.62 34 995 112.80 354 801.56 93% 20%
U/S BALANS 30.06.12
STYGING/(DALING)
BET % TEENOOR
MND HEFFING
BET % TEENOOR TOTALE
UITSTAAN-DES
NAMA KHOI MUNISIPALITEITSTATISTIEKE VAN UITSTAANDE DEBITEURE PER WYK
VIR DIE PERIODE 31.05.12 - 30.06.12
WYKU/S BALANS
31.05.12DORPEPLUS HEFFINGS
MINONTVANG-
STES
39
MAAND EENHEDE AANGEKOOP
MIN TRANSFORMATORS
EENHEDE VERKOOP
KITSKRAG VERKOOP
REGSTELLINGS OP VERKOPE
EENHEDE VERSKIL
% VERLIES
BEDRAG VAN VERLIES
April 5 045 506 159 840 2 097 609 GR.E: 140 950 -21608 1 110 709 22% 399 855 KK: 1 558 006
Mei 4 994 299 159 840 2 206 721 GR.E: 141 750 36705 823 947 16% 296 621 KK: 1 625 336
Junie 5 714 001 159 840 2 252 833 GR.E: 142 500 10959 1 290 161 23% 464 458 KK: 1 857 708
TOTALE 15 753 806 479 520 6 557 163 Total G E 425 200 26056 3224817 20% 1 160 934 TOtal KK 5 041 050
ELEKTRIESE-LYNVERLIESE (KWH) April 2012 TOT JUNIE 2012NAMA KHOI MUNISIPALITEIT
MAAND EENHEDE AANGEKOOP
EENHEDE VERKOOP
REGSTELLINGS OP VERKOPE
EENHEDE VERSKIL
% VERLIES
BEDRAG VAN VERLIES
April 179 480 153 422 (2 499) 28 557 16% 287 855 Mei 169 438 110 050 (14 494) 73 882 44% 744 731 Junie 158 718 114 970 (5 812) 49 560 31% 499 565 Total 507 636 378 442 (22 805) 151 999 30% 1 532 150
01 JULIE 2011 TOT 30 JUNIE 2012WATER LYNVERLIESE
NAMA KHOI MUNISIPALITEIT
40
Additional Notes and Recommendations
In the financial year there was transactions being processed and updated after the 10 th working day after month end, this resulted in the section 71 reports and the budget comparison not reconciling at year end, therefore the amounts for June 2012 are very high compared to the previous two month this is due to the adjustments that was made.
Monthly projections need to be made taking in to account actual spending and receipts to ensure a better comparison between the section 71 and the budget.
The municipality must ensure that all information needed on the A1 schedule is complete for comparison to the section 71, I am pleased to inform you that all information on the A1 Schedule for the 2012-2013 was completed.
Capital Expenditure on all projects on the section 71 and budget must align and the municipality must ensure that capital expenditure are on projects that was adopted by Council.
Age creditors show that the municipality have outstanding creditors for more than 90 days, the municipality should strive to pay creditors within 30 days.
Age debtors show that the outstanding debtors are still on the rise despite efforts by the municipality.
The municipality have a positive balance at 30 June 2012 but there were still outstanding cheques.
I would like to state that information on the report was extracted from reports submitted to National Treasury.
41
