In terms of Section 71 of the MFMA,Accounting Officer of the Municipality must by no later than 10 working days after the end of each month submit to the mayor of the municipality and relavent National and Provincial treasury, a statement in the prescribed format on the state of the municipalityâs budget reflecting the following particulars for the finanacial year up to the end of that month.
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The total actual YTD operating expenditure for the period ending 31 March 2021 amounted to R24 671 445.03 while the YTD budget was R 109 842 015.015. Operational expenditure is largely defined by the General Expense, Repairs and Maintenance and employee relatd costs. The year to date expenditure performance indicate a spend of 53% of the budgeted operating.Â
While the YTD capital expenditure budget was R 89521 422.
The total operational and capital grant budgeted is R 25 244 000 and the actual expenditure to date is R 12 565 630.7 and the percentage spend is 50% exclusive of equitable share.