annual report 2010 - 2011 - Intsika Yethu Municipality
annual report 2010 - 2011 - Intsika Yethu Municipality
annual report 2010 - 2011 - Intsika Yethu Municipality
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<strong>Intsika</strong> <strong>Yethu</strong> <strong>Municipality</strong><br />
Annual Financial Statements for the year ended 30 June <strong>2011</strong><br />
Statement of Financial Performance<br />
Figures in Rand Notes <strong>2011</strong> <strong>2010</strong><br />
Revenue<br />
Property rates 11 3 402 286 1 617 990<br />
Service charges 12 376 339 1 302 736<br />
Rental of facilities and equipment 427 566 495 686<br />
Fines 113 025 70 910<br />
Licences and Permits 1 256 813 667 617<br />
Government grants & subsidies 13 99 032 765 81 044 468<br />
Receipts 9 720 473 -<br />
Interest - outstanding receivables 522 832 90 896<br />
Interest - external investments 692 938 1 056 695<br />
Other income 14 635 602 550 186<br />
Total Revenue 116 180 639 86 897 184<br />
Expenditure<br />
Personnel 16 (42 290 417) (30 682 830)<br />
Remuneration of councillors 17 (10 877 367) (10 269 293)<br />
Finance costs 20 (4 197) (185 388)<br />
Bad debts 18 (7 062 239) (2 819 204)<br />
Repairs and maintenance (8 422 481) (2 950 807)<br />
Bulk purchases 24 (352 225) (503 651)<br />
Contracted services 22 (218 255) (113 229)<br />
General Expenses 15 (32 962 557) (23 420 352)<br />
Total Expenditure (102 189 738) (70 944 754)<br />
Gain on disposal of assets and liabilities 23 233 87 307<br />
Revenue 116 180 639 86 897 184<br />
Expenditure (102 189 738) (70 944 754)<br />
Other 23 233 87 307<br />
Surplus for the year 14 014 134 16 039 737<br />
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