Entire Document - Chris Hani District Municipality

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The effect of the Change in Accounting Policy is as follows: Government Grants & Subsidies Provision Longterm Service Current Provisions Accumulated Surplus R R R R (Ex Note 32.1) (Ex Note 32.4) (Ex Note 32.2) Amount per AFS previously published for 2007/2008 Reclassification of Assets obtained from Grants 449 367 707 65 589 125 110 999 039 848 511 1 175 893 - (1 229 091) 2 404 984 Implementation of IAS 19 - 2 709 555 - (2 709 555) Implementation of GRAP 13 - - (9 904) 9 904 Restated Amount currently disclosed for 2007/2008 450 543 600 68 298 679 109 760 043 553 845 The effect of the above-mentioned changes in Accounting Policies on the profit and loss is an increase of R1 064 675 in the surplus for the financial year 2007/2008 and the nature of the changes in the Accounting Policies is as follows: Operating Lease Liabilities R Accumulated Surplus R GAMAP 9 Revenue (sections applicable to Non-exchange Transactions) - (2 404 984) GRAP 13 Leases - (9 904) IAS 19 Employee Benefits - 2 709 555 Total Decrease/(Increase) in Surplus as at 30 June - 294 666 The above-mentioned changes in Accounting Policies had no effect on the Accumulated Surplus as at 30 June 2008, but the Accumulated Surplus as at 30 June 2007 has increased by R28 592 million. 32. CORRECTION OF ERROR Corrections were made and appropriated to the Accumulated Surplus Account during the financial years ended 30 June. Details of the appropriations are as follows: Unappropriated Surplus Account: Operating Lease Liabilities R Accumulated Surplus R Corrections to Bank (4 262 286) (1 642 247) Corrections to Creditors 7 721 811 1 525 191 Corrections to Debtors (230 347) (4 803 503) Corrections to Suspense Control Accounts - (8 816 480) Corrections to Unspent Conditional Grants - 19 269 172 Corrections to VAT Receivable 4 798 914 4 420 Corrections to Expenditure 470 542 4 627 604 Corrections to Revenue 2 178 1 048 027 Adjustment of Government Grant Reserve (2 336 460) (3 512 079) Property, Plant and Equipment - (270 449) Increase/(Decrease) in Unapprropriated Surplus Account 6 164 352 7 429 656 172
Operating Lease Liabilities R Accumulated Surplus R Government Grants Reserve: Interest reversed from Government Grant Reserve - (361 222) Adjustment of Balance to agree to Assets funded from Grants - 3 512 079 Increase/(Decrease) in Government Grants Reserve - 3 150 857 Increase/(Decrease) in Accumulated Surplus Account 6 164 352 10 580 513 32.1 Reclassification of Revenue The prior year figures of Revenue Classes have been restated to correctly classify the nature of Revenue of the municipality. The effect of the Correction of Error is as follows: 2007/2008 Revenue 2008/2009 Revenue Restated Amount R R R Interest Earned - External Investments 9 544 281 9 896 474 (352 193) Interest Earned - Other 352 193 - 352 193 Income for Agency Services 31 830 356 - 31 830 356 Government Grants and Subsidies Received 139 383 160 449 367 707 (309 984 548) Recovered from Non-conditional Grants 27 708 849 - 27 708 849 Recovered from Conditional Grants 250 445 343 - 250 445 343 459 264 181 459 264 181 0 32.2 Reclassification of Expenditure The prior year figures of Expenditure Classes have been restated to correctly classify the nature of Expenditure of the municipality. The effect of the Correction of Error is as follows: 2007/2008 Expenditure 2008/2009 Expenditure Restated Amount R R R Employee Related Costs 63 504 390 67 069 683 (3 565 293) Grants and Subsidies Paid 135 290 269 536 225 (269 400 935) General Expenses 101 677 220 110 999 039 (9 321 819) Contributions to Provisions 4 060 442 - 4 060 442 Contribution to Asset Finance Reserve 1 229 091 - 1 229 091 General Expenses: Non-conditional Grants 26 553 170 - 26 553 170 General Expenses: Conditional Grants 250 445 343 - 250 445 343 447 604 946 447 604 946 0 173
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Table of Contents PART ONE: INTRODU
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PART ONE INTRODUCTION AND OVERVIEW
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providing us with your comments, vi
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SPECIAL PROGRAMMES SUCH AS YOUTH, W
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1.3.4 Values • Respect and Divers
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1.4 OVERVIEW OF THE MUNICIPALITY Mp
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SMME Development The District funde
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Corporate Services Directorate Ayan
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NAME OF SCHEME NUMBER OF MEMBERS AS
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organisation, can be seen to be inf
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2.1.4.5 Power Track Vehicle Managem
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2.2.0.1 Introduction A huge allocat
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In the 2008/2009 financial year Wat
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Integrated Planning and Economic De
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The implementation of housing co-or
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Livestock Improvement (Marketing Fa
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Chris Hani Month events Measurable
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Percentage Complete 99,9% Budget Sp
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Regional/LED Strategy Measurable Ou
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Health and Community Services Direc
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Due to the success of this project
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In observing HIV/AIDS days the CHDM
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Budget 2008/09 Key Deliverables •
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Challenges& Proposed Solutions Meas
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Budget Spent R125 000 Stakeholder/
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2.4.4 Disaster Management UNIT This
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critical areas. 2.4.4.5 INCIDENTS O
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2.4.5 Fire and Emergency Services U
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Stakeholders/partners Challenges Me
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2.5.0.1 Introduction For the financ
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Key Deliverables • Asset identifi
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• The possible rescheduling/timin
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Project leader T. Somtombo/ M. Mash
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Measurable outcome Activities/Proje
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72 Good Governance
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Communication strategy The District
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Stakeholders/partners Challenges Me
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2.6.2 INTERNAL AUDIT Services UNIT
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Challenges Measurable outcome Execu
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The SPU coordinating committee and
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We would like to highlight and comm
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3.1 Introduction to the Annual Fina
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3.2 Audit Report to the Annual Fina
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APPENDIX A QUALITY MATURITY MODEL O
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3.4 MFMA - Requirements The audit r
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IRONPORT LICENSES STATUS BEFORE 200
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provide sufficient evidence to iden
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25. The mayor did not submit to cou
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No. Matter Y N •The audit committ
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Usefulness and reliability of repor
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The overall operating results for t
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5. ACCUMULATED SURPLUS The balance
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13. LONG-TERM RECEIVABLES Long-term
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3.8 STATEMENT OF FINANCIAL PERFORMA
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3.10 CASH FLOW STATEMENT FOR THE YE
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1.1 Changes in Accounting Policy an
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Management has considered all the o
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2.7 Heritage Assets Heritage assets
Page 121 and 122: The municipality did not perform im
Page 123 and 124: Based on management’s judgement,
Page 125 and 126: Cash includes cash-on-hand (includi
Page 127 and 128: 5.5 Derecognition of Financial Asse
Page 129 and 130: 7.3 Transitional Provisions The rec
Page 131 and 132: 9.2.8 Sale of Goods Revenue from th
Page 133 and 134: of performance bonuses only when th
Page 135 and 136: amount of the Municipality’s net
Page 137 and 138: Changes in Accounting Estimates are
Page 139 and 140: 2.1 Reconciliation of Provision for
Page 141 and 142: 4.3 Cash and Cash Equivalents 2009
Page 143 and 144: Description Land and Buildings Infr
Page 145 and 146: The movement in Intangible Assets i
Page 147 and 148: Study Loans In terms of the MFMA no
Page 149 and 150: Unspent Conditional Grants have bee
Page 151 and 152: The municipality provides certain p
Page 153 and 154: The history of experienced adjustme
Page 155 and 156: 2009 2008 R R Present Value of Fund
Page 157 and 158: Interest Earned on Financial Assets
Page 159 and 160: The Financial Management Grant is p
Page 161 and 162: 20.11 Provincial: Office of the Pre
Page 163 and 164: 20.17 ProvinciaL: Department ROADS
Page 165 and 166: Remuneration of the Director: Finan
Page 167 and 168: 25. Impairment Losses 25.1 Impairme
Page 169 and 170: 29.1 Material Losses 2009 2008 R R
Page 171: Reserves Deferred Revenue Accumulat
Page 175 and 176: The effect of the Correction of Err
Page 177 and 178: Incident Budgeted amounts exceeded:
Page 179 and 180: 38.7 Non-Compliance with Chapter 11
Page 181 and 182: 2009 2008 R R Own Resources - - 9 4
Page 183 and 184: The capital structure of the munici
Page 185 and 186: Description Note ref in AFS Average
Page 187 and 188: 2009 2008 R R Long-term Receivables
Page 189 and 190: • The statutory valuation perform
Page 191 and 192: 44. CONTINGENT ASSETS 2009 2008 R R
Page 193 and 194: Appendices 193
Page 195 and 196: 3.13 Appendices to the AnnuAl FinAn
Page 197 and 198: Cost / Revaluation Accumulated Depr
Page 199 and 200: Appendix c - seGmentAl AnAlYsis oF
Page 201 and 202: Description 2008/2009 Actual 2008/2
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Page 205 and 206: Annexure A Three Year Capital Plan
Page 207 and 208: Project Number (1) Project Name Fun
Page 209 and 210: Project Number (1) Project Name Fun
Page 211 and 212: AUDIT REPORT FINDING: PROPERTY, PLA
Page 213 and 214: AUDIT REPORT FINDING: IRREGULAR EXP
Page 215 and 216: Acronyms 215
Page 217 and 218: 217
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