Presentation to the Standing Committee on Appropriations

11 July 2009

Presented by:

Cathy Motsisi

Chief Financial Officer

Financial Performance 31 March 2009

2008/09R’000

2007/08R’000

Budget allocation 4,30 billion 3,75 billion

Actual Expenditure 4,18 billion 3,40 billion

Spending as a percentage 97,4% 90,5%

Unspent funds 112 million 357 million

Unspent funds as a percentage 2.6% 9.5%

Expenditure per Economic Classification

Current Financial Year (2008/09)

Previous Financial Year (2007/08)

Economic Classification

Final Budget

Exp31 Mar 09

Budget Spent %

Final Budget

Exp31 Mar 09

Budget Spent %

Compensation of Employees

828,261 917 099 106% 746,438 746,436 100%

Goods & Services

743 834 735 914 99% 720,742 720 709 100%

Transfers & Subsidies

1 512 706 1 510 718 100% 1 412 142 1 404 198 99%

Machinery & Equipment

37 663 37 663 100%

Capital Infrastructure

1 139 529 988 373 87% 880 142 521 285 59%

TOTAL 4 301 992 4 189 767 97% 3 759 464 3 392 629 90%

Explanations to the Variance

• Under spending of R122 mil reflected under the Infrastructure Budget is attributable to the timing difference of processing payments to the Property Management Entity (PMTE).

• The full amount of R122 mil has already been requested as rollover for the 2009/10 financial year as it is already committed under the PMTE.

I Thank You