Portfolio report - Mangaung.co.za
Portfolio report - Mangaung.co.za
Portfolio report - Mangaung.co.za
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
MAN <strong>Mangaung</strong> - Supporting Table SC1 Material variance explanations - M01 July<br />
Description<br />
Variance Reasons for material deviations Remedial or <strong>co</strong>rrective steps/remarks<br />
R thousands<br />
Revenue By Source<br />
Property Rates 38,041 Exceeding target, waiting for objections against valuations to be<br />
finaliced<br />
Electricity Revenue 12,808 Seasonal fluctuation No remedial steps required<br />
Water Revenue (9,562) On target, seasonal fluctuation No remedial steps required<br />
Sanitation Revenue<br />
5,446 Exceeding target, waiting for objections against valuations to be<br />
finaliced<br />
Refuse removal 1,557 On target No remedial steps required<br />
Rental of Facilities and Equipment<br />
(788) Low demand<br />
Interest earned - external investments (3,425) Low investment balance and interest rate No remedial steps required<br />
Interest earned -outstanding debtors<br />
(1,022) Over budgeted<br />
Fines<br />
(659) Less traffic fines <strong>co</strong>llected<br />
Agency services<br />
(303) Non Less availability <strong>co</strong>llected on of various figures from revenue entity items and non cash as well as<br />
Other Revenue (57,183) GRAP issues only ac<strong>co</strong>unted for at year end<br />
Transfers re<strong>co</strong>gnised - operational 199,084 Equitable share received in advance No remedial steps required<br />
Expenditure By Type<br />
Employee related <strong>co</strong>st (12,592) Unfilled vacanciec Positions to be filled<br />
Depreciation and asset impairment 1 On target No remedial steps required<br />
Debt impairment 1 On target No remedial steps required<br />
Bulk Purchases 16,404 Seasonal fluctuation No remedial steps required<br />
Finance charges (4,111) External loan not yet fully utilised No remedial steps required<br />
Other materials (Repairs and maintenance) (22,818) Under and slow spending and implementation of projects There is a need to accelerate this spending<br />
Contracted services (19,048) Under and slow spending and implementation of projects There is a need to accelerate this spending<br />
Transfers and Grants<br />
(10,016) Grants to Centlec not yet re<strong>co</strong>gnised<br />
Other expenditure<br />
(24,182) Under spending and GRAP related issues only ac<strong>co</strong>unted for at<br />
year end<br />
Capital Expenditure<br />
Capital Expenditure Projects in total (54,589) Under and slow spending and implementation of projects There is a need to accelerate this spending<br />
Cash Flow<br />
Ratepayers and other (64,817) Under <strong>co</strong>llection There is a need to accelerate <strong>co</strong>llections<br />
Government - Operating Grants 204,084 Equitable share received in advance for five months No remedial steps required<br />
Government - Capital Grants (40,197) Urban Settlements Development grant with held - R89.5 million There is a need to accelerate this spending<br />
Suppliers and employees<br />
(91,727) Under spending<br />
Transfers and grants<br />
(9,952) Grants to Centlec not yet paid over in full<br />
Municipal Entities<br />
Revenue (4,696) Seasonal fluctuation No remedial steps required<br />
Operating expenditure 11,497 Over spending and seasonal fluctuation on sale of electricity No remedial steps required<br />
Capital expenditure (11,386) Under spending There is a need to accelerate this spending<br />
31
Change language