The Council of CDM adopted a budget of R1.2 billion for the financial year 2021/2022. The 2021/2022 – 2025/2026 IDP and Budget was adopted during a Council meeting held on 21 May 20201 at Bolivia Lodge.
The Council, chaired by Council Speaker Cllr Monicca Mohale approved the 2021/2022- 2025/2026 Final IDP/ Budget comprised of R323,9m Capital Expenditure and Operational Expenditure of R877,2m.
The overall budget included R 950 767 000 of grants plus revenue from water sales, the interest on investment and the other income from sale of tenders. The budget is 91% grant funded.
On the Operating Revenue, apart from revenue from grants, there was an increase of 2% on the interest on investments, totalling to R21 235 000. Another increase of about 6% was on the water sales, totalling to R76 436 000.
The Operating Expenditure is R877,2m which include R364 796 000 budget for salaries and councillors’ allowances of R17 343 000. Operating projects budget of R67 232 000 and the repairs and maintenance of R20 388 000.
The Capital Budget which is R323 927 000, have projects funded from Equitable Share and MIG. The Capital budget includes Operations & Maintenance of R25 720 000. Corporate Services has also been allocated a budget of R8 567 000 that will cover IT related expenses, purchase of furniture, vehicles and fire services fleet.
The budget speech was presented by the Executive Mayor Cllr John Mpe.