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BUDGET of the Capricorn District Municipality for the 2015/16 has reached R1 billion after adjustment that was approved by council in line with Municipal Finance Management Act and Municipal budget and reporting regulation.
The adjustment was presented by Executive Mayor Gilbert Kganyago during a council meeting held recently. “An analysis was done on the expenditure trends throughout the first six months, and there was a need to make adjustments and reprioritise. There is a strain experienced in this 15/16 budget year”, said Kganyago. He said the total budget has adjusted from R 928 918 000 to R 1 003 038 406. From the roll-over budget of R 56 606 406 plus the overall adjustment of R 17 514 000, both added to the original budget, hence the R1 billion.
On operating revenue, the municipality realised an increase of the amount of R 15 000 000 from the water sales due to the improvement on payments by rate payers. Though there is a slight decrease on the operating budget of equitable shares and municipal infrastructure grant (MIG) that will now cover capital projects. “While operating expenditure increased to R 10 034 028 during the adjustment budget. The amount excludes the non-cash item which is depreciation of R 61 196 000”, said Kganyago.
The adjustments also affected salaries, which were decreased by R15m from savings of positions that were budgeted for in the original budget but not yet filled during the year. “Operating projects had a few decrease and some increases on various projects that led to the overall decrease of R2 221 032. The Bulk water purchases has decreased by R4 000 000 and repairs and maintenance increased by R6 134 830”, he said.
Capital budget has increased from R 301 632 000 to R 332 466 616 and the adjustments were made and there were some reduction and some increases in various projects, which led to the overall increase of R 7 429 972. Water projects increased by R5 108 775 during this adjustment.
There was also a decrease of R4 000 000 was also realised from the sanitation projects. A decrease was also realised at the emergency and disaster services to the amount of R2 300 000. An increase of R1 230 000 was realised in the corporate services department within the IT and Admin coordinated projects. “We therefore request that the council consider the 2015/16 adjustment Budget for approval”, the Mayor proposed, to which the council collectively responded by an approval.
ENDS
MO SENYATSI
MEDIA LIAISON OFFICER
CAPRICORN DISTRICT MUNICIPALITY
+27 82 417 2759/ +27 15 294 1245
BBM 2ACB4A1A – Twitter @mo_senyatsi
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Real people aren’t perfect. Perfect people aren’t real – Angazi Ubani
