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31 May 2019
3/14/2019
DRAFT MULTI-YEAR
OPERATING AND
CAPITAL BUDGET OF
THE 2019 -2022 2019-2022
Vincent Bongani Mkhefa
1
Copies of this document may be viewed:
In the foyers of all municipal buildings
All public libraries within the municipality
At www.bitou.gov.za
Bitou Municipality Multi-Year Budget 2019-2022 MTREF
i
Table of Contents
PART 1 –MULTI-YEAR BUDGET FOR THE 2019/20 MTREF ....................................................................... 4
1.1 COUNCIL RESOLUTIONS ................................................................................................................................ 4
1.2 EXECUTIVE SUMMARY.................................................................................................................................. 5
1.3 OPERATING REVENUE FRAMEWORK ............................................................................................................. 6
1.4 OPERATING EXPENDITURE FRAMEWORK .................................................................................................... 15
1.5 CAPITAL EXPENDITURE ............................................................................................................................... 19
Annexures
Annexure A - Rates, Tariffs and fees for 2018/2019
Annexure B –Supporting Documents and A schedule
Annexure C – Detail Capital Program
Annexure D - Budget Related Policy
Annexure E –MFMA Circular 89 & 91
Annexure F - Quality Certificate
Annexure G - Service level Standards
Bitou Municipality Multi-Year Budget 2019/20 MTREF
ii
Abbreviations and Acronyms
AMR Automated Meter Reading ASGISA Accelerated and Shared Growth
Initiative BPC Budget Planning Committee CBD Central Business District CFO Chief Financial Officer CM City Manager CPI Consumer Price Index CRRF Capital Replacement Reserve Fund DBSA Development Bank of South Africa DoRA Division of Revenue Act DWA Department of Water Affairs EE Employment Equity EEDSM Energy Efficiency Demand Side
Management EM Executive Mayor FBS Free basic services GAMAP Generally Accepted Municipal
Accounting Practice GDP Gross domestic product GDS Gauteng Growth and Development
Strategy GFS Government Financial Statistics GRAP General Recognised Accounting
Practice HR Human Resources HSRC Human Science Research Council IDP Integrated Development Strategy IT Information Technology kℓ kilolitre km kilometre KPA Key Performance Area KPI Key Performance Indicator kWh kilowatt ℓ litre
LED Local Economic Development MEC Member of the Executive Committee MFMA Municipal Financial Management Act
Programme MIG Municipal Infrastructure Grant MMC Member of Mayoral Committee MPRA Municipal Properties Rates Act MSA Municipal Systems Act MTEF Medium-term Expenditure
Framework MTREF Medium-term Revenue and
Expenditure Framework NDP National Development Plan NERSA National Electricity Regulator South
Africa NGO Non-Governmental organisations NKPIs National Key Performance Indicators OHS Occupational Health and Safety OP Operational Plan PBO Public Benefit Organisations PHC Provincial Health Care PMS Performance Management System PPE Property Plant and Equipment PPP Public Private Partnership PTIS Public Transport Infrastructure
System RG Restructuring Grant RSC Regional Services Council SALGA South African Local Government
Association SAPS South African Police Service SDBIP Service Delivery Budget
Implementation Plan SMME Small Micro and Medium Enterprises
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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Part 1 –Multi-Year Budget for the 2019/20 MTREF
1.1 Council Resolutions
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 5 of 24
1.2 Executive Summary
The application of sound financial management principles for the compilation of Bitou
Municipality’s financial plan has been the critical success factor to ensure that Bitou Municipality
remains financially viable and that municipal services are provided sustainably, economically and
equitably to all communities.
Bitou Municipality’s business and service delivery priorities are continuously being reviewed as
part of this year’s planning and Budgeting process. Where appropriate, funds have been
transferred to address crucial service delivery needs and to ensure compliance with legislative
requirements and to meet service delivery obligations in terms of the reviewed IDP.
Table 1 Consolidated Overview of the Final 2019/20 MTREF:
Description Current Year 2018/19 2019/20 Medium Term Revenue &
Expenditure Framework
R thousands Original Budget
Adjusted Budget
Budget Year
2019/20
Budget Year +1 2020/21
Budget Year +2 2021/22
Total Revenue (excluding capital transfers and contributions)
638 475 671 655 701 218 768 906 821 201
Total Expenditure 596 566 595 045 630 175 656 534 690 833
Surplus/(Deficit) 41 099 81 390 87 045
112 554 130 550 Transfers recognised - capital
Surplus/(Deficit) for the year 121 071 161 160 124 814 144 502 165 088
Total operating revenue is projected to grow by 4.4% to R701 million for the 2019/20 financial
year when compared to the adjustments Budget. The budget makes provision for the 5.6%
proposed general increase in tariffs.
Total operating expenditure is projected to grow by 5.6% to R630 million in 2019/20 financial
year. The growth in expenditure is influeced by the 6% salary increase to be provided to all
permanent staff and the 9% increase in electricity tariffs by Eskom.
Operating surpluses are projected for each year of the MTREF after taking capital funding into
account. The projected surplus before taking into account capital transfers is R87 million for the
2019/20 financial year and R112 million for 2020/21 and R165 million for 2021/22.
The Capital Budget budget for 2019/20 financial year is estimated at R77 million and a further
R72 million in 2020/21 and T77 million in 2021/22. The internally generated funds is the major
contributor to capital budget for the medium term expenditure framework.
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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1.3 Operating Revenue Framework
For Bitou Municipality to continue improving the quality of life of its citizens through the delivery
of high quality services, it is necessary to generate sufficient revenue from rates and service
charges; considering the review of the infrastructure grant by National Treasury and changes to
allocations to Municipalities. It is also important to ensure that all billable revenue is firstly,
charged correctly and secondly, adequately collected. This would mean devising means to collect
revenue in areas that are traditionally Eskom distribution areas and where the Municipality’s
collection efforts have had little to no effect. The prevailing economic circumstances are adding
to the difficulties in collecting the revenue due to the Municipality.
The spending required to address the needs of the community will inevitably always exceed
available funding; hence difficult choices have to be made in relation to tariff increases and
balancing expenditure against realistically anticipated revenue.
The municipality’s revenue strategy is built around the following key components:
• National Treasury’s guidelines and macroeconomic policy;
• Revenue enhancement and maximizing the revenue base;
• Efficient revenue management, which aims to ensure a minimum 95% annual collection
rate for property rates and other key service charges;
• Electricity tariff increases as to be approved by the National Electricity Regulator of South
Africa (NERSA);
• Moving towards cost reflective tariff increases for waste management.
• Ensuring that Electricity services are profitable.
• Budgeting for a moderate surplus to ensure availability of cash reserves to back statutory
funds and current provisions.
• Fully subsidizing all indigent households in terms of the relief offered by the municipality
The following table is a summary of the 2017/18 MTREF (classified by main revenue source):
Table 2 Summary of revenue classified by main revenue source:
Description Budget Year 2019/20
Budget Year +1 2020/21
Budget Year +2 2021/22
Revenue By Source
Property rates 145,672,032.00 153,829,665.79 162,444,127.08
Service charges - electricity revenue 174,827,891.60 184,618,253.53 194,956,875.73
Service charges - water revenue 70,810,080.00 74,950,286.40 79,404,287.85
Service charges - sanitation revenue 52,846,464.00 55,805,865.98 58,930,994.48
Service charges - refuse revenue 40,437,408.00 42,701,902.85 45,093,209.41
Rental of facilities and equipment 1,647,360.00 1,736,317.44 1,830,078.58
Interest earned - external investments 8,088,960.00 8,525,763.84 8,986,155.09
Interest earned - outstanding debtors 5,970,624.00 6,293,037.70 6,632,861.73
Dividends received
Fines, penalties and forfeits 50,035,392.00 52,737,303.17 55,585,117.54
Licences and permits 367,488.00 387,332.35 408,248.30
Agency services 2,021,184.00 2,130,327.94 2,245,365.64
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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Transfers and subsidies 136,831,000.00 103,892,000.00 118,157,000.00
Other revenue 10,836,152.45 11,421,304.68 12,060,897.74
Gains on disposal of PPE 825,792.00 870,384.77 917,385.55
Total Revenue (excluding capital transfers and contributions)
701,217,828.05 699,899,746.43 747,652,604.71
Revenue generated from services charges remain the major source of revenue for the municipality
amounting to 48% (46% for 2017/18) of total revenue. The major sources of revenue for the
2018/2019 financial year can be summarized as follows:
Property rates21%
Service charges -electricity revenue
25%
Service charges -water revenue
11%
Service charges -sanitation revenue
7%
Service charges -refuse revenue
6%
Rental of facilities and equipment
0%
Interest earned -external investments
1%
Interest earned -outstanding debtors
1%
Fines, penalties and forfeits
7%
Licences and permits0%
Agency services0%
Transfers and subsidies
20%
Other revenue1%
Gains on disposal of PPE0%
REVENUE
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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Electricity is the major source of revenue followed by Property Rates. As mentioned above
services charges are the main source of municipal revenue. Revenue from transfers recognised
operational makes 23% of the total revenue the same as previous financial year. The revenue
structure of the municipality remains the same. The major services bringing significant
contribution to the municipality is property rates as non exchange revenue and grants from national
and provicnial fiscus. The Water and Sanitation departments are generating sufficient surplus to
assist in provision of other services. The electricity function is not generating sufficient revenue to
contribuite profitably to the municipality.
The municipality generates 80% of the total revenue and this is effect without taking the rebates
into consideration. The revenue only consider the 50kwh provided to more than 6000 consumers
residing in sub economical areas.
Table 4 Operating Transfers and Grant Receipts
Description 2019/20 Medium Term Revenue & Expenditure Framework
R thousand Budget Year
2019/20
Budget Year +1 2020/21
Budget Year +2 2021/22
RECEIPTS:
Operating Transfers and Grants
National Government: 97,820
105,951
118,157
Local Government Equitable Share 93,691
104,401
116,607
Finance Management 1,550
1,550
1,550
Municipal Systems Improvement –
EPWP Incentive 2,579
–
–
Integrated National Electrification Programme
Municipal Drought Relief
Provincial Government: 40,671
61,483
68,035
Housing 28,721
49,440
55,485
Western Cape Financial Management Capacity Building Grant
710
Library Conditional Grant 2,022
2,142
2,260
Library service: Replacement Funding 9,089
9,654
10,143
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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Thusong Grant 100
Fiancial assistance Maitainance and constrution of transport infratructure
129
147
147
Total Operating Transfers and Grants 138,491
167,434
186,192
Capital Transfers and Grants
National Government: 27,001
26,089
27,406
Municipal Infrastructure Grant (MIG) 20,173
21,089
22,406
Integrated National Electrification Programme Grant 6,828
5,000
5,000
Provincial Government: 10,940
6,041
7,315
Regional Socio Economic Projects (Municipal Projects) 2,600
2,000
Fire Service Capacity Building Grant 841
Housing 8,340
3,200
7,315
Total Capital Transfers and Grants 37,941
32,130
34,721
TOTAL RECEIPTS OF TRANSFERS & GRANTS 176,432
199,564
220,913
The municipality will receive R176 million in grants which is a mix of both conditional and
unconditional grants. The municipality will receive R97 million in 2019/2020 increasing to R118
in 2021/22. The MIG grant will be increased to R20 million in the 2019/20 financial which is
insignicant increase as compared to R17 million in the current year. The municipality will receive
an increase in the 2018/19 financial year of R6.8 million and this will result into a decrease in the
grant for 2019/20.
The Department of Human Settlement Western Cape provicial govement have allocated R37
million for the 2019/20 financial year for human settlement projects. This include services for
TRAs and Top Structures in Kwano. A further R52 million is allocated in 2020/21 and R62 million
in 2021/22 financial year.
Tariff Setting
Tariff-setting is a pivotal and strategic part of the compilation of any Budget. When rates, tariffs
and other charges were revised, local economic conditions, input costs and the affordability of
services must be taken into account to ensure the financial sustainability of the Municipality.
Other factors contributing to the rising cost, include the salaries and wages increase above upper
boundary, the level of services provided, the excessive increase in the price of operational cost like
chemicals, spares and other materials that collectively contribute to the extent that tariffs needs to
be increased annually. The comment from Provincial Treasury about the unsustaibility of our
tariffs is noted. Management will be implementing a new tariff model in 2018/2019 that will ensure
that cost are recovered and the municipality continue to be sustainable.
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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1.3.1 Property Rates
Property rates cover the cost of the provision of general services. Determining the effective
property rate tariff is therefore an integral part of the municipality’s Budgeting process. The
property rates tariffs is not consumption based and its influenced by the demand in services by
communities. If communities wants more services to be expanded the property rates will mostly
be used to fund the services.
An increase of 5.6% in property rates tariff is proposed for the 2018/2019 financial year. The
increase is in line with the guideline by circular 92.
The following stipulations in the Property Rates Policy are highlighted:
• The first R 15 000 of the market value of a property used for residential purposes is
exempted from the rate-able value (Section 17(h) of the MPRA).
• In terms of the property rates policy of the municipality all residential properties (excluding
vacant stands) with a value of up to R 350,000 are exempted from paying assessment rates.
• Relief measures based on income will be removed in terms of the current tariffs.
• The Municipality may also award a 100% rebate on the assessment rates of rateable
properties of certain classes such as registered welfare organizations, institutions or
organizations performing charitable work and public benefit organizations as defined in
the property rates policy of the municipality. The owner of such a property must apply to
the Chief Financial Officer in the prescribed format and at the prescribed date in order to
qualify for the relief.
The categories of rateable properties for purposes of levying rates and the proposed rates for the
2019/20 financial year based on a 5.6% increase from 1 July 2019 are contained below:
Table 5 Comparison of proposed rates to be levied for 2018/19
Category Proposed tariff
(from 1 July 2019)
Approved tariff
(from 1 July 2018)
R R
Residential properties 0.00547 0.00518
Residential properties - vacant land 0.00713 0.00673
Agricultural 0.00136 0.00129
Agricultural Vacant 0.00136 0.00129
Industrial properties 0.00821 0.00867
Business and commercial properties 0.00821 0.00867
Business Vacant 0.01096 0.01038
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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State-owned properties 0.00821 0.00867
Public Service Infrastructure 0.00136 0.00129
1.3.2 Sale of Water and Impact of Tariff Increases
South Africa faces similar challenges with regard to water supply as it did with electricity, since
demand growth outstrips supply. National Treasury Budget Circular 89 makes specific reference
to the fact that water tariffs should be cost reflective and that municipalities should ensure that
water complies with all applicable quality standards. The water tariff structure must therefore
ensure that:
• Water tariffs are fully cost-reflective – including the cost of maintenance and renewal of
purification plants, water networks and the cost associated with reticulation expansion;
• Water tariffs are structured to protect basic levels of service and ensure the provision of
free water to the poorest of the poor (indigent); and
• Water tariffs are designed to encourage efficient and sustainable consumption.
• Punitive tariffs are introduced to encourage efficient water use during drought periods.
A tariff increase of 5.6% is proposed from 1 July 2019 for water. This is based on input cost
assumptions inclusive of the increase in the cost of bulk water from Department of Water Affairs,
standard levels set by the same department and increased wage bill and the cost of other inputs
increasing by between 6% and 7%.
The tariff structure has changed to be in line with the adopted drought levels. This means that the
tariffs will have 5 stages of the penalty tariffs in line with the policy.
1.3.3 Sale of Electricity and Impact of Tariff Increases
The council have re introduced the free basic services that is provided to all consumers in the sub
economic areas irrespective of the Registered indigents will be granted 50 kWh per month free of
charge but this service will be discontinued to sub economical areas.
The following table shows the impact of the proposed increases in electricity tariffs on the
electricity charges for domestic customers:
Table 6 Comparison current vs. new electricity charges (Domestic up to 60A connection)
Monthly
Consumption
Current amount
payable
Proposed amount
Payable
Difference
(Increase)
kWh R R R
100 95.69 101.04 5.36
250 257.88 272.32 14.44
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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500 600.28 633.89 33.61
750 1 037.31 1 095.40 58.09
1.3.4 Sanitation and Impact of Tariff Increases
A tariff increase of 5.6% for sanitation from 1 July 2019 is proposed. The increase in tariffs can
also be ascribed to rising wage cost, the increase in electricity used in purification and pumping
processes, the service standards set by Department of Water and Sanitation and the general
increase in the price of goods and services. It must also be emphasized that the municipality must
ensure that purification processes complies with quality standards and that green drop status is
maintained. Additional Budgetary allocation was made for the full time employment of process
controllers and other waste water purification staff members critical in maintaining high quality
purification processes and results. The department also requires additional staff to effectively
perform its functions.
Table 7 Comparison between current sanitation charges and increases
2019/20
TARIFF PER
Annum (R)
2018/2019
TARIFF PER
Annum (R)
Single Residential 5 263.10 4,984.00
Shops, B&B’s Offices, Hotels 8 093.18 7,664.00
Single residential used for business purposes,
restaurants
1 0520.09 9,963.00
Group housing and resort zones 5 263.10 4,984.00
Residential property valuation below R350,000 (70% /
50%rebate on single residential tariff)
5 263.10 4,984.00
Septic tank removals 484.70 459.00
Sanitation fee no waterborne sewerage 2 057.09 1,948.00
The following table shows the impact of the proposed increases of in sanitation tariffs on the
amounts charged per consumer category
1.3.5 Waste Removal and Impact of Tariff Increases
Budget Circulars 89 state that municipalities should strive to Budget with a moderate surplus in
order to ensure that the required funding levels are maintained and to ensure that the provision for
the rehabilitation of the land fill site is cash backed. The Municipality have closed the land fill
site and it is now shipping the waste to Moseelbay.
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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The municipality has no alternative but to transport its waste to the Petro SA dumpsite in Mossel
Bay at an exorbitant cost. PetroSA has already given five extensions and the last one is that they
will close their dumpsite on 30 June 2018 and will not give any further extension. This is a serious
challenge not only facing Bitou Municipality but the whole of the Eden district Municipalities.
Engagements are continuing at regional level and include provincial departments to find a lasting
solution through development of a regional landfill site. The municipality have made a provision
of R11 million in the budget over two financial years to contribute to the construction of the
regional landfill site by the district municipality.
Waste minimisation become our next strategy in reducing waste management costs and the
department will be developing strategies in addressing the waste minimisation process. The
expectation is that by the end of 2018/2019 financial year the strategy should be in full force and
communities should actively participate in this regard. If the communities are not gonna play role
in this regard the cost of waste management will continue to grow each year.
In accordance with the National Treasury directive cost reflective tariff setting is applied, which
result in an increase of 5.6% in the waste removal tariff with effect from 1 July 2019. To avoid
further higher than normal increases in the refuse tariff it is essential that consumers make use of
composting and recycling to reduce refuse volumes. The Municipality will continue to educate
community on waste management, recycling and composite.
The following table compares current and proposed amounts payable from 1 July 2019:
Table 8 Comparison between current waste removal fees and increases
Proposed
Tariff
2019/20
Approved
Tariff
2018/19
Difference
Per
Annum
One removal per bin per week Per Annum
(R)
Per Annum
(R)
Per month
(R)
Domestic 140ℓ container removed
once a week 2 883.47
2,730.56 152.91
Business/Commercial 240ℓ
container removed once a week 4 181.76
3,960.00 221.76
1.3.6 Overall impact of tariff increases on households
The overall impact of the tariff increases on household’s bills has been kept to between 5.6%, with
the increase for indigent households at 0% due to full subsidization.
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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Bitou Municipality Multi-Year Budget 2019/20 MTREF
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1.4 Operating Expenditure Framework
Bitou Municipality’s expenditure framework for the 2018/20 Budget and MTREF is informed by
the following:
• The new approved organisational structure approved by council.
• Balanced Budget constraints (operating expenditure should not exceed operating revenue)
unless there are existing uncommitted cash-backed reserves to fund any deficit;
• The financial recovery of the municipality to ensure the required funding levels are
achieved and maintained.
• Continued provision of basic services and financial sustainability
• Operational gains and efficiencies will be directed to ensure appropriate cash backing of
statutory funds, provisions and reserves as well as funding the capital Budget and other
core services.
The following table is a high level summary of the 2019/20 Budget and MTREF (classified per
main type of operating expenditure):
Table 8 Summary of operating expenditure by standard classification item
Expenditure By Type Budget Year 2019/20
Budget Year +1 2020/21
Budget Year +2 2021/22
Employee related costs 221,327,899.58
233,279,606.16
245,876,704.89
Remuneration of councillors 7,122,960.00
7,479,108.00
7,853,063.40
Debt impairment 42,358,272.00
44,645,618.69
47,056,482.10
Depreciation & asset impairment 33,701,184.00
35,521,047.94
37,439,184.52
Finance charges 18,681,862.50
19,690,683.08
20,753,979.96
Bulk purchases 120,219,090.30
129,013,410.10
138,451,165.37
Other materials 4,963,200.00
5,231,212.80
5,513,698.29
Contracted services 109,820,448.00
115,113,096.29
121,329,203.49
Transfers and subsidies 8,830,000.00
7,530,000.00
13,300,000.00
Other expenditure 63,149,856.00
66,559,948.22
66,559,948.22
Loss on disposal of PPE
Total Expenditure 630,174,772.38
664,063,731.28
704,133,430.25
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 16 of 24
The budget for employee related cost is R221 million and councillors remuneration is R7.1 million
The total employee cost including councillors remuneration is 36%. The municipality is having
28% vacacy rate and no new position have been budgeted in the 2019/20 financial year.
It is important for council to note that the budget for employee cost is close to the national norm
of 40% as guided by treasury. The cost for employees include overtime and other emeployee cost
that are manageable. Management will have to implement measures to monitor cost related to
overtime and other allowances.
A provision was made for the debt impairment of R42 million for the 2019/20 financial year and
increasing to R47 in 2021/22. The impairement is mainly influenced by the traffic fines income
and the impairment of long outstanding debtors. The collection rate for the municipality is between
80% and 95%. The changes in the debt collection policy will have a significant impact in the
collection rate. The council should note that the impairment might increasing depending on
whether council is able to collect outstanding debtors.
The budget made provision for depreciation provision of R33 million for the 2019/20 financial
year. The depreciation budget its increased by a percentage of assets to be capitalised in the next
financial year. Management could not make an exact estimate of the asset capitalisation thefore
assumptions based on history is used to calculate depreciation.
Finance charges consist primarily of the repayment of interest on long-term borrowing (cost of
capital). Finance charges make up 3% (R18 million) of operating expenditure excluding annual
redemption for 2019/20 and remains constant through the remainder of the MTREF. Bitou
Municipality has small room in its prudential limits for borrowing and care needs to be taken to
ensure that annual finance charges remains within the affordability threshold of ratepayers and
consumers considering the prevailing economic circumstances.
Bulk purchases are directly informed by the purchase of electricity from Eskom. The annual price
increases have been factored into the Budget appropriations and directly inform the revenue
provisions. .
Contracted services relates to the provision of services by means of the appointment of service
providers where the necessary in-house skills are not available or have not yet been adequately
developed. Certain functions also require the contracting of specialist knowledge contracted from
time to time due to the fact that the municipality cannot afford to employ experts on a full-time
basis. This category of expenditure increased to R109 million. 16% of the municipal expenditure
is on contracted services. In terms of mSCOA all services that you request an external service
provider to perform is classified as contracted services. If the municipality orders a service
provider to prepare food for the meeting the transaction classified as contracted services. The
reclassification has neccesitated the Accounting officer to put measure in place before any service
is outsourced. In terms of norms by National treasury the contracted services should not exceed
6% of your operating budget. Management needs to closely monitor expenditure relating to
contracted services and review whether its cost effective to continue to outsource services.
Other expenditure comprises of various line items relating to the daily operations of the
municipality. This group of expenditure has also been identified as an area in which cost savings
and efficiencies can be achieved.
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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The following graph provides a breakdown of the main expenditure categories for the 2019/20
financial year.
Figure 2: Main operational expenditure categories for the 2018/19 financial year
1.4.1 Priority given to repairs and maintenance
In order to ensure the health of the assets of the municipality and to prolong the useful lives, it is
necessary to ensure that repairs and maintenance is adequately Budgeted. Budget circular 89
cautions municipalities not to affect savings in repairs and maintenance to balance the Budget but
to ensure that sufficient budgetary allocation is made for this expenditure item. In line with Bitou
Municipality’s repairs and maintenance plan this group of expenditure has been prioritized to
ensure sustainability of Bitou Municipality’s infrastructure.
Repairs and maintenance is increases by R33 million as compared to the adjustment budget. The
budget for repairs and maintainance is 5% of the carrying value of the assets. We have develop a
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 18 of 24
mechanism to ensure that the budget is linked to the state of each assets. Management have taken
all assets which were classified to be problematic during the last assets verification and requested
various departments to budget for the maintenance of those assets. The system did not work as
expected because it requires planned mainteance plans rather than reactive manitenance.
We hope that management will improve in the asset management division and ensure that each
asset is asse is properly assessed and budget allocated for the repair or maintenance of those assets.
1.4.2 Free Basic Services: Basic Social Services Package
The social package assists households that are poor or face other circumstances that limit their
ability to pay for services. To receive these free services the households are required to register in
terms of Bitou Municipality’s Indigent Policy. It is estimated that between 4378 and 4600
households will receive subsidies on tariffs and rates in the 2019/20 financial year, either by means
of the full basket of services given as Indigent subsidies or in terms of the property value threshold
where owners of properties with a value of less than R 350 000 qualify for services at sub-
economic tariffs. The estimated expenditure on free and subsidized services, inclusive of
assessment rate rebates will exceed R 42 million for the 2019/20 financial year.
The results of Census 2011 has also shown that the population of Bitou have significantly increased
over the last 10 years, making it the fourth fastest growing area, measured by population in the
country from census to census. The indigent process is one of self-registration therefore
households needing assistance must annually apply for the subsidy. Detail relating to free services,
cost of free basis services, revenue lost owing to free basic services as well as basic service delivery
measurement is contained in Table 27 MBRR A10 (Basic Service Delivery Measurement).
The cost of the social package of the registered indigent households is largely financed by national
government through the local government equitable share received in terms of the annual Division
of Revenue Act.
Bitou Municipality Multi-Year Budget 2019/20 MTREF
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1.5 Capital expenditure
The following table provides a breakdown of Budgeted Capital Expenditure by vote:Table 10
2019/20 Medium-term capital Budget per vote
Capital Expenditure - Functional
Governance and administration – – – 2,092 (582) (582) (582) 1,954 1,446 –
Ex ecutiv e and council
Finance and administration 2,092 (582) (582) (582) 1,954 1,446 –
Internal audit
Community and public safety – – – 6,031 (1,397) (1,397) (1,397) 3,360 2,247 1,620
Community and social serv ices 703 (397) (397) (397) 1,043 – –
Sport and recreation 4,978 (1,000) (1,000) (1,000) 2,231 2,247 1,620
Public safety 350 87 – –
Housing
Health
Economic and environmental services – – – 27,318 2,715 2,715 2,715 17,176 23,093 21,834
Planning and dev elopment 2,094 – – 3,450 4,900 3,200
Road transport 25,224 2,715 2,715 2,715 13,726 18,193 18,634
Env ironmental protection
Trading services – – – 46,528 1,107 1,107 1,107 54,315 43,505 54,595
Energy sources 12,306 (57) (57) (57) 18,868 10,645 17,167
Water management 13,820 264 264 264 20,838 21,252 25,196
Waste w ater management 19,402 900 900 900 13,610 10,608 11,233
Waste management 1,000 1,000 1,000 1,000
Other – 161
Total Capital Expenditure - Functional 3 – – – 81,969 1,843 1,843 1,843 76,965 70,290 78,049
Funded by:
National Gov ernment 24,210 27,239 23,338 25,522
Prov incial Gov ernment 10,703 608 608 608 9,682 3,200 7,315
District Municipality
Other transfers and grants
Transfers recognised - capital 4 – – – 34,913 608 608 608 36,921 26,538 32,837
Borrowing 6
Internally generated funds 47,056 1,235 1,235 1,235 40,044 43,752 45,212
Total Capital Funding 7 – – – 81,969 1,843 1,843 1,843 76,965 70,290 78,049
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 20 of 24
Description 2015/16 2016/17 2017/18
R thousandsAudited
Outcome
Audited
Outcome
Audited
Outcome
Original
Budget
Adjusted
Budget
Full Year
Forecast
Pre-audit
outcome
Budget Year
2019/20
Budget Year
+1 2020/21
Budget Year
+2 2021/22
Financial Performance
Property rates – – 121,810 130,947 137,947 137,947 137,947 145,672 153,830 162,444
Serv ice charges – – 278,312 318,405 325,078 325,078 325,078 344,262 363,541 383,899
Inv estment rev enue – – 12,304 8,842 7,660 7,660 7,660 8,089 8,526 8,986
Transfers recognised - operational – – 127,604 149,028 133,075 133,075 133,075 138,491 167,434 186,192
Other ow n rev enue – – 80,506 55,192 67,902 67,902 67,902 71,704 75,576 79,680
Total Revenue (excluding capital transfers and
contributions)
– – 620,535 662,413 671,662 671,662 671,661 708,218 768,907 821,202
Employ ee costs – – 197,932 209,541 209,591 209,591 209,591 221,328 233,280 245,877
Remuneration of councillors – – 6,038 7,047 6,849 6,849 6,849 7,123 7,479 7,853
Depreciation & asset impairment – – 30,600 29,908 31,914 31,914 31,914 33,701 35,521 37,439
Finance charges – – 17,658 17,805 16,945 16,945 16,945 18,682 19,691 20,754
Materials and bulk purchases – – 128,585 115,261 116,724 116,724 116,724 125,182 134,245 143,965
Transfers and grants – – 5,776 11,500 6,571 6,571 6,571 8,830 7,530 13,300
Other ex penditure – – 222,120 226,503 201,672 201,671 201,671 215,329 226,319 234,946
Total Expenditure – – 608,710 617,565 590,265 590,265 590,265 630,175 664,064 704,134
Surplus/(Deficit) – – 11,825 44,848 81,396 81,396 81,396 78,043 104,842 117,068
Transfers and subsidies - capital (monetary allocations) (National / Prov incial and District)– – 51,017 38,545 79,770 79,770 79,770 37,941 32,130 34,721
Contributions recognised - capital & contributed assets – – – – – – – – – –
Surplus/(Deficit) after capital transfers &
contributions
– – 62,842 83,393 161,166 161,166 161,166 115,984 136,972 151,789
Share of surplus/ (deficit) of associate – – – – – – – – – –
Surplus/(Deficit) for the year – – 62,842 83,393 161,166 161,166 161,166 115,984 136,972 151,789
Capital expenditure & funds sources
Capital expenditure – – – 81,969 1,843 1,843 1,843 76,965 70,290 78,049
Transfers recognised - capital – – – 34,913 608 608 608 36,921 26,538 32,837
Borrow ing – – – – – – – – – –
Internally generated funds – – – 47,056 1,235 1,235 1,235 40,044 43,752 45,212
Total sources of capital funds – – – 81,969 1,843 1,843 1,843 76,965 70,290 78,049
Financial position
Total current assets – – 368,102 288,149 331,922 273,154 273,154 354,288 284,759 300,136
Total non current assets – – 1,089,759 1,079,594 1,086,588 1,086,588 1,086,588 1,147,437 1,209,399 1,274,706
Total current liabilities – – 131,755 96,048 96,048 96,048 96,048 101,427 106,904 112,677
Total non current liabilities – – 264,864 234,937 234,937 234,937 234,937 248,093 261,491 275,611
Community w ealth/Equity – – 1,061,242 1,036,758 1,087,525 1,028,757 1,028,757 1,152,205 1,125,764 1,186,555
Cash flows
Net cash from (used) operating – – 114,153 81,373 61,522 61,522 61,522 115,938 135,804 153,087
Net cash from (used) inv esting – – (113,809) (122,456) (124,697) (124,697) (124,697) (70,783) (70,650) (76,744)
Net cash from (used) financing – – 14,414 (18,871) (18,871) (18,871) (18,871) (19,804) (17,812) (15,987)
Cash/cash equivalents at the year end – 120,963 155,571 80,859 58,768 58,768 58,768 84,118 131,459 191,815
Cash backing/surplus reconciliation
Cash and inv estments av ailable – – 305,389 121,963 155,736 96,968 96,968 168,236 88,660 93,448
Application of cash and inv estments – – 56,802 (71,556) (64,931) (64,931) (64,931) (67,218) (70,591) (74,125)
Balance - surplus (shortfall) – – 248,587 193,519 220,667 161,899 161,899 235,454 159,251 167,573
Asset management
Asset register summary (WDV) – – 1,323,175 1,152,407 1,152,407 1,152,407 1,152,407 1,216,150 1,281,822 1,351,553
Depreciation – – 30,600 29,908 31,915 31,915 31,915 31,914 33,701 35,521
Renew al and Upgrading of Ex isting Assets – – – 48,048 1,787 2,589 2,589 – – –
Repairs and Maintenance – – – 65,257 62,651 62,651 62,651 62,191 63,080 66,216
Free services
Cost of Free Basic Serv ices prov ided – – – – – – – – – –
Rev enue cost of free serv ices prov ided – – 52,151 60,418 61,798 61,798 65,431 65,431 69,095 72,964
Households below minimum service level
Water: – – – – – – – – – –
Sanitation/sew erage: – – – 0 0 0 0 0 0 0
Energy : – – – – – – – – – –
Refuse: – – – – – – – – – –
2019/20 Medium Term Revenue &
Expenditure FrameworkCurrent Year 2018/19
WC047 Bitou - Table A1 Budget Summary
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 21 of 24
WC047 Bitou - Table A2 Budgeted Financial Performance (revenue and expenditure by functional classification)
Functional Classification Description Ref 2015/16 2016/17 2017/18
R thousand 1Audited
Outcome
Audited
Outcome
Audited
Outcome
Original
Budget
Adjusted
Budget
Full Year
Forecast
Budget Year
2019/20
Budget Year
+1 2020/21
Budget Year
+2 2021/22
Revenue - Functional
Governance and administration – – 174,831 200,627 197,763 197,763 226,664 253,488 278,807
Ex ecutiv e and council – – 32,697 48,059 39,097 39,097 50,756 53,496 56,385
Finance and administration – – 142,134 152,569 158,666 158,666 175,909 199,992 222,421
Internal audit – – – – – – – – –
Community and public safety – – – 99,834 141,372 141,372 98,693 104,022 109,639
Community and social serv ices – – – 12,668 11,961 11,961 14,019 14,777 15,574
Sport and recreation – – – 475 524 524 777 819 863
Public safety – – – 26,658 49,552 49,552 118 125 131
Housing – – – 60,033 79,335 79,335 83,778 88,302 93,070
Health – – – – – – – – –
Economic and environmental services – – 8,318 10,267 16,588 16,588 12,165 12,822 13,514
Planning and dev elopment – – 8,318 9,414 15,735 15,735 11,264 11,873 12,514
Road transport – – – 853 853 853 901 949 1,001
Env ironmental protection – – – – – – – – –
Trading services – – 433,795 386,858 395,709 395,709 404,569 426,416 449,443
Energy sources – – – 188,884 186,683 186,683 198,005 208,698 219,967
Water management – – 289,006 95,549 101,753 101,753 105,712 111,420 117,437
Waste w ater management – – – 61,331 58,125 58,125 61,338 64,650 68,141
Waste management – – 144,790 41,094 49,147 49,147 39,514 41,648 43,897
Other 4 – – – 3,371 – – 4,068 4,287 4,519
Total Revenue - Functional 2 – – 616,945 700,958 751,431 751,431 746,159 801,036 855,922
Expenditure - Functional
Governance and administration – – 121,858 144,302 146,530 146,530 155,541 163,236 173,399
Ex ecutiv e and council – – 40,595 27,037 33,262 33,262 35,930 37,165 40,521
Finance and administration – – 81,262 112,484 109,037 109,037 115,143 121,361 127,914
Internal audit – – – 4,781 4,231 4,231 4,468 4,710 4,964
Community and public safety – – – 144,569 140,714 140,714 148,594 156,636 165,113
Community and social serv ices – – – 21,840 20,105 20,105 21,230 22,395 23,623
Sport and recreation – – – 19,440 19,624 19,624 20,723 21,842 23,022
Public safety – – – 47,416 66,963 66,963 70,713 74,532 78,557
Housing – – – 55,873 34,021 34,021 35,927 37,867 39,911
Health – – – – – – – – –
Economic and environmental services – – 27,985 75,915 75,424 75,424 79,648 83,949 88,482
Planning and dev elopment – – 27,985 42,740 43,519 43,519 45,956 48,437 51,053
Road transport – – – 33,175 31,905 31,905 33,692 35,511 37,429
Env ironmental protection – – – – – – – – –
Trading services – – 380,539 243,202 223,329 223,329 239,885 254,494 260,333
Energy sources – – – 149,844 143,888 143,888 149,970 159,687 167,138
Water management – – 228,984 43,008 36,329 36,329 38,363 40,435 42,619
Waste w ater management – – – 18,161 16,567 16,567 17,495 18,439 19,435
Waste management – – 151,555 32,189 26,546 26,546 34,057 35,932 31,142
Other 4 – – – 9,577 4,267 4,267 6,506 5,749 16,806
Total Expenditure - Functional 3 – – 530,382 617,565 590,265 590,265 630,175 664,064 704,133
Surplus/(Deficit) for the year – – 86,562 83,393 161,166 161,166 115,985 136,972 151,788
Current Year 2018/192019/20 Medium Term Revenue &
Expenditure Framework
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 22 of 24
WC047 Bitou - Table A3 Budgeted Financial Performance (revenue and expenditure by municipal vote)
Vote Description Ref 2015/16 2016/17 2017/18
R thousandAudited
Outcome
Audited
Outcome
Audited
Outcome
Original
Budget
Adjusted
Budget
Full Year
Forecast
Budget Year
2019/20
Budget Year
+1 2020/21
Budget Year
+2 2021/22
Revenue by Vote 1
Vote 1 - Council – – 30,759 3,291 3,301 3,301 3,476 3,664 3,869
Vote 2 - Office of the Municipal Manager – – 1,938 44,768 35,796 35,796 47,275 49,828 52,618
Vote 3 - Community Serv ices – – 146,594 142,336 191,234 191,234 189,253 199,473 210,643
Vote 4 - Corporate Serv ices – – 437 360 701 701 380 401 423
Vote 5 - Financial Serv ices – – 141,698 150,801 157,248 157,248 186,835 211,509 233,381
Vote 6 - Strategic Serv ices – – 6,514 10,171 8,530 8,530 7,545 7,952 8,398
Vote 7 - Engineering Serv ices – – 289,006 349,232 354,621 354,621 311,394 328,210 346,589
Vote 8 - – – – – – – – – –
Vote 9 - – – – – – – – – –
Vote 10 - – – – – – – – – –
Vote 11 - – – – – – – – – –
Vote 12 - – – – – – – – – –
Vote 13 - – – – – – – – – –
Vote 14 - – – – – – – – – –
Vote 15 - – – – – – – – – –
Total Revenue by Vote 2 – – 616,945 700,959 751,431 751,431 746,159 801,036 855,922
Expenditure by Vote to be appropriated 1
Vote 1 - Council – – 19,598 7,209 6,945 6,945 8,705 9,175 9,688
Vote 2 - Office of the Municipal Manager – – 22,548 27,044 27,473 27,473 29,500 30,388 33,438
Vote 3 - Community Serv ices – – 153,496 183,087 178,193 178,193 183,515 195,098 199,280
Vote 4 - Corporate Serv ices – – 38,084 43,066 48,645 48,645 53,746 56,648 59,821
Vote 5 - Financial Serv ices – – 41,238 50,348 45,517 45,517 51,485 54,265 57,304
Vote 6 - Strategic Serv ices – – 27,968 41,122 36,284 36,284 40,919 42,020 55,118
Vote 7 - Engineering Serv ices – – 227,450 265,689 247,208 247,208 262,305 276,469 289,484
Vote 8 - – – – – – – – – –
Vote 9 - – – – – – – – – –
Vote 10 - – – – – – – – – –
Vote 11 - – – – – – – – – –
Vote 12 - – – – – – – – – –
Vote 13 - – – – – – – – – –
Vote 14 - – – – – – – – – –
Vote 15 - – – – – – – – – –
Total Expenditure by Vote 2 – – 530,383 617,564 590,265 590,265 630,175 664,064 704,133
Surplus/(Deficit) for the year 2 – – 86,562 83,395 161,166 161,166 115,984 136,972 151,789
References
1. Insert 'Vote'; e.g. department, if different to functional classification structure
2. Must reconcile to Budgeted Financial Performance (revenue and expenditure)
3. Assign share in 'associate' to relevant Vote
check Surplus/(Deficit) for the year - - - - - - - - -
Current Year 2018/192019/20 Medium Term Revenue &
Expenditure Framework
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 23 of 24
WC047 Bitou - Table A4 Budgeted Financial Performance (revenue and expenditure)
Description Ref 2015/16 2016/17 2017/18
R thousand 1Audited
Outcome
Audited
Outcome
Audited
Outcome
Original
Budget
Adjusted
Budget
Full Year
Forecast
Pre-audit
outcome
Budget Year
2019/20
Budget Year
+1 2020/21
Budget Year
+2 2021/22
Revenue By Source
Property rates 2 – – 121,810 130,947 137,947 137,947 137,947 145,672 153,830 162,444
Serv ice charges - electricity rev enue 2 – – 134,532 165,845 164,465 164,465 164,465 174,655 184,436 194,765
Serv ice charges - w ater rev enue 2 – – 77,542 67,802 72,269 72,269 72,275 76,322 80,596 85,110
Serv ice charges - sanitation rev enue 2 – – 22,961 53,297 50,044 50,044 50,044 52,846 55,806 58,931
Serv ice charges - refuse rev enue 2 – – 43,277 31,443 38,293 38,293 38,293 40,437 42,702 45,093
Rental of facilities and equipment 1,102 1,560 1,560 1,560 1,560 1,647 1,736 1,830
Interest earned - ex ternal inv estments 12,304 8,842 7,660 7,660 7,660 8,089 8,526 8,986
Interest earned - outstanding debtors 15,691 5,654 5,654 5,654 5,654 5,971 6,293 6,633
Div idends receiv ed
Fines, penalties and forfeits 52,036 23,813 47,382 47,382 47,382 50,035 52,737 55,585
Licences and permits 572 2,500 348 348 348 367 387 408
Agency serv ices 1,665 1,372 1,914 1,914 1,914 2,021 2,130 2,245
Transfers and subsidies 127,604 125,108 133,075 133,075 133,075 138,491 167,434 186,192
Other rev enue 2 – – 9,439 19,510 10,262 10,262 10,262 10,836 11,421 12,061
Gains on disposal of PPE 782 782 782 782 826 870 917
Total Revenue (excluding capital transfers
and contributions)
– – 620,535 638,475 671,655 671,655 671,661 708,218 768,906 821,201
Expenditure By Type
Employ ee related costs 2 – – 197,932 209,541 209,591 209,591 209,591 221,328 233,280 245,877
Remuneration of councillors 6,038 7,047 6,849 6,849 6,849 7,123 7,479 7,853
Debt impairment 3 31,341 20,112 40,112 40,112 40,112 42,358 44,646 47,056
Depreciation & asset impairment 2 – – 30,600 29,908 31,914 31,914 31,914 33,701 35,521 37,439
Finance charges 17,658 17,805 16,945 16,945 16,945 18,682 19,691 20,754
Bulk purchases 2 – – 107,092 112,024 112,024 112,024 112,024 120,219 129,013 138,451
Other materials 8 21,493 3,237 4,700 4,700 4,700 4,963 5,231 5,514
Contracted serv ices – – 68,261 115,525 101,758 101,758 101,758 109,820 115,113 121,329
Transfers and subsidies – – 5,776 11,500 6,571 6,571 6,571 – – –
Other ex penditure 4, 5 – – 56,005 69,867 59,801 59,801 59,801 63,150 66,560 66,560
Loss on disposal of PPE 66,513
Total Expenditure – – 608,710 596,566 590,265 590,265 590,265 621,345 656,534 690,833
Surplus/(Deficit) – – 11,825 41,909 81,390 81,390 81,396 86,873 112,372 130,367
Transfers and subsidies - capital (monetary
allocations) (National / Prov incial and District) 51,017 79,162 79,770 79,770 79,770 37,941 32,130 34,721
Transfers and subsidies - capital (monetary
allocations) (National / Prov incial Departmental
Agencies, Households, Non-profit Institutions,
Priv ate Enterprises, Public Corporatons, Higher 6 – – – – – – – – – –
Transfers and subsidies - capital (in-kind - all)
Surplus/(Deficit) after capital transfers &
contributions
– – 62,842 121,071 161,160 161,160 161,166 124,814 144,502 165,088
Tax ation
Surplus/(Deficit) after taxation – – 62,842 121,071 161,160 161,160 161,166 124,814 144,502 165,088
Attributable to minorities
Surplus/(Deficit) attributable to municipality – – 62,842 121,071 161,160 161,160 161,166 124,814 144,502 165,088
Share of surplus/ (deficit) of associate 7
Surplus/(Deficit) for the year – – 62,842 121,071 161,160 161,160 161,166 124,814 144,502 165,088
2019/20 Medium Term Revenue &
Expenditure FrameworkCurrent Year 2018/19
Bitou Municipality Multi-Year Budget 2019/20 MTREF
Page 24 of 24
WC047 Bitou - Table A7 Budgeted Cash Flows
Description Ref 2015/16 2016/17 2017/18
R thousandAudited
Outcome
Audited
Outcome
Audited
Outcome
Original
Budget
Adjusted
Budget
Full Year
Forecast
Pre-audit
outcome
Budget Year
2019/20
Budget Year
+1 2020/21
Budget Year
+2 2021/22
CASH FLOW FROM OPERATING ACTIVITIES
Receipts
Property rates 121,810 121,803 117,255 117,255 117,255 123,821 130,508 137,555
Serv ice charges 248,332 296,172 277,489 277,489 277,489 301,608 317,895 335,061
Other rev enue 30,053 30,053 30,053 30,053 19,876 20,949 22,080
Gov ernment - operating 1 141,471 125,108 133,075 133,075 133,075 138,491 167,434 186,192
Gov ernment - capital 1 51,017 38,545 38,545 38,545 38,545 37,941 32,130 34,721
Interest 20,292 14,101 14,101 14,101 14,101 11,074 11,672 12,303
Div idends – – –
Payments
Suppliers and employ ees (451,111) (517,337) (521,924) (521,924) (521,924) (498,191) (525,093) (554,032)
Finance charges (17,658) (15,572) (15,572) (15,572) (15,572) (18,682) (19,691) (20,793)
Transfers and Grants 1 (11,500) (11,500) (11,500) (11,500) – – –
NET CASH FROM/(USED) OPERATING ACTIVITIES – – 114,153 81,373 61,522 61,522 61,522 115,938 135,804 153,087
CASH FLOWS FROM INVESTING ACTIVITIES
Receipts
Proceeds on disposal of PPE (113,062) 1,274 1,274 1,274 1,274 – – –
Decrease (Increase) in non-current debtors – – –
Decrease (increase) other non-current receiv ables 3 2 2 2 2 – – –
Decrease (increase) in non-current inv estments (750) (1,146) (1,146) (1,146) (1,146) – – –
Payments
Capital assets (122,586) (124,827) (124,827) (124,827) (70,783) (70,650) (76,744)
NET CASH FROM/(USED) INVESTING ACTIVITIES – – (113,809) (122,456) (124,697) (124,697) (124,697) (70,783) (70,650) (76,744)
CASH FLOWS FROM FINANCING ACTIVITIES
Receipts
Short term loans (18,164) – – –
Borrow ing long term/refinancing 30,874 – – –
Increase (decrease) in consumer deposits 1,705 352 352 352 352 – – –
Payments
Repay ment of borrow ing (19,223) (19,223) (19,223) (19,223) (19,804) (17,812) (15,987)
NET CASH FROM/(USED) FINANCING ACTIVITIES – – 14,414 (18,871) (18,871) (18,871) (18,871) (19,804) (17,812) (15,987)
NET INCREASE/ (DECREASE) IN CASH HELD – – 14,758 (59,954) (82,046) (82,046) (82,046) 25,350 47,341 60,356
Cash/cash equiv alents at the y ear begin: 2 126,055 140,813 140,813 140,813 140,813 58,768 84,118 131,459
Cash/cash equiv alents at the y ear end: 2 – – 140,814 80,859 58,768 58,768 58,768 84,118 131,459 191,815
2019/20 Medium Term Revenue &
Expenditure FrameworkCurrent Year 2018/19
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