Portfolio report - Mangaung.co.za

Millions
1,700
1,600
1,500
1,400
1,300
1,200
1,100
1,000
900
800
700
600
500
400
300
200
100
-
Operating Expenditure per Vote as at 30 April 2013
Budget Adj Budget YTD Actual YTD Budget
The under expenditure on all services is due to the slow implementation and spending of projects.
Cash Flow Statement (CFS) (Annexure A – Table C7)
The CFS report for the period ending 30 April 2013 indicates a closing balance (cash and cash
equivalents) of R894.924 million which comprises of the following:
Bank balance and cash R24.168 million (Mangaung)
Centlec R289.132 million (Centlec)
Investment deposits R581.624 million (Mangaung)
The abovementioned figures as well as the figures below include cash from the entity according to
figures submitted by them that could not be confirmed at the stage of compiling the report.
Under the cash flow from operating activities category:
Ratepayers and other reflect a year to date amount of R3 302.419 million (R439.072
million favourable variance) compared to a year to date target of R2 863.347 million
(an over collection of R439.072 million for the period). According to the entity’s
cashflow statement they have received R474.498 million more than the projected budget
amount;
Operating grants and subsidies show a year to date amount of R657.667 million
compared to a year to date target of R514.823 million (R142.843 million favourable
variance) and
Capital grants and subsidies show a year to date amount of R573.310 million compared
to a year to date target of R580.624 million (R7.314 million favourable variance).
With regard to payments:
Cash and creditor payments indicate a year to date amount of R3 517.275 million
(R381.132 million unfavourable variance) compared to a target of R3 136.143 million
due to over spending during the first ten months of the year. According to the entity’s
cashflow statement they have spent R391.791 million more than the projected budget
amount;
8