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FS000 Mangaung - Supporting Table SC1 Material variance explanations - M07 January Description Variance Reasons for material deviations Remedial or corrective steps/remarks R thousands Revenue By Source Property Rates 11,151 On target No remedial steps required Electricity Revenue 67,888 On target No remedial steps required Water Revenue (6,431) On target, seasonal fluctuation No remedial steps required Sanitation Revenue 4,894 On target No remedial steps required Refuse removal 13,188 On target No remedial steps required Rental of Facilities and Equipment (6,218) Low demand Interest earned - external investments (3,425) Low investment balance and interest rate No remedial steps required Interest earned -outstanding debtors 53,193 Under budgeted To be rectified with adjustments budget Fines (915) Less traffic fines collected Other Revenue Less collected on various revenue items and non cash as well as (117,377) GRAP issues only accounted for at year end Transfers recognised - operational 78,170 Equitable share received in advance No remedial steps required Expenditure By Type Employee related cost 41 On target, vacancies not filled Depreciation and asset impairment (1,714) Slow and under spending of capital projects Debt impairment (22,622) Impairment not accrued by Centlec Bulk Purchases (95,329) Seasonal fluctuation and outstandind electricity account No remedial steps required Finance charges New external loan not yet taken up in full and only payable in (33,842) December 2012 and June 2013 and slow spending No remedial steps required Other materials (Repairs and maintenance) (79,341) Under and slow spending and implementation of projects There is a need to accelerate this spending Contracted services 42,149 Over spending Will be rectified through the adjustments budget Transfers and Grants (80,470) Grants to Centlec not yet recognised Other expenditure Under spending and GRAP related issues only accounted for at (262,044) year end Capital Expenditure Capital Expenditure Projects in total (127,122) Under and slow spending and implementation of projects Cash Flow Ratepayers and other 245,078 Reliability of Centlec's figures questionable Government - Operating Grants 125,702 Equitable share and fuel levy received in advance No remedial steps required Government - Capital Grants 299,797 USDG received in advance No remedial steps required Suppliers and employees 180,799 Reliability of Centlec's figures questionable Transfers and grants (80,603) Grants to Centlec not yet paid over in full Municipal Entities Revenue (16,061) On target -Seasonal fluctuation - electricity Operating expenditure (181,439) Under spending and purchase of bulk electricity not paid in full Capital expenditure (21,748) Under spending 30
FS000 Mangaung - Supporting Table SC2 Monthly Budget Statement - performance indicators - M07 January 2011/12 Budget Year 2012/13 Description of financial indicator Basis of calculation Audited Original Adjusted YearTD actual Outcome Budget Budget Full Year Forecast Borrowing Management Capital Charges to Operating Expenditure Interest & principal paid/Operating Expenditure 0.0% 6.4% 0.0% 0.2% 2.7% Borrowed funding of 'own' capital expenditure Borrowings/Capital expenditure excl. transfers and 0.0% 14.0% 0.0% 4.9% 14.0% Safety of Capital Debt to Equity Loans, Accounts Payable, Overdraft & Tax Provision/ 0.0% 24.6% 19.4% 19.9% 24.6% Gearing Long Term Borrowing/ Funds & Reserves 0.0% 17.0% 10.2% 10.4% 17.0% Liquidity Current Ratio Current assets/current liabilities 0.0% 101.7% 88.1% 96.8% 101.7% Liquidity Ratio Monetary Assets/Current Liabilities 0.0% 36.7% 31.9% 39.2% 36.7% Revenue Management Annual Debtors Collection Rate Last 12 Mths Receipts/ Last 12 Mths Billing 92.5% 92.3% 92.5% (Payment Level %) Outstanding Debtors to Revenue Total Outstanding Debtors to Annual Revenue 0.0% 11.5% 0.0% 44.1% 11.5% Longstanding Debtors Recovered Debtors > 12 Mths Recovered/Total Debtors > 0.0% 0.0% 0.0% 0.0% 0.0% Creditors Management 12 M th Old Creditors System Efficiency % of Creditors Paid Within Terms (within MFMA s 65(e)) 95.0% 0.0% 97.5% 95.0% Funding of Provisions Percentage Of Provisions Not Funded Unfunded Provisions/Total Provisions Other Indicators Electricity Distribution Losses Water Distribution Losses % Volume (units purchased and generated less units sold)/units purchased and generated % Volume (units purchased and own source less units sold)/Total units purchased and own source 18.0% N/A N/A 18.0% 32.0% 0.0% 23.1% 32.0% Employee costs Employee costs/Total Revenue - capital revenue 0.0% 21.9% 0.0% 21.2% 21.9% Repairs & Maintenance R&M/Total Revenue - capital revenue 0.0% 5.5% 0.0% 2.3% 5.5% Interest & Depreciation I&D/Total Revenue - capital revenue 0.0% 6.1% 0.0% 0.2% 2.6% IDP regulation financial viability indicators i. Debt coverage (Total Operating Revenue - Operating Grants)/Debt service payments due within financial year) ii. O/S Service Debtors to Revenue iii. Cost coverage Total outstanding service debtors/annual revenue received for services (Available cash + Investments)/monthly fixed operational expenditure 52.3% 0.0% 4995.1% 52.3% 17.1% 0.0% 18.1% 17.1% 1.2 0.0 2.3 1.2 31
Page 1 and 2: 11 FEBRUARY 2013 THE CITY MANAGER T
Page 3 and 4: Other expenditure (R262.044m) favou
Page 5 and 6: The following charts compare the ac
Page 7 and 8: The following chart compares the ye
Page 9 and 10: 2013 amounts to R1 698.212 million
Page 11: Key performance indicators (Annexur
Page 14 and 15: The specific format for the report
Page 16 and 17: FS000 Mangaung - Contact Informatio
Page 18 and 19: FS000 Mangaung - Table C2 Consolida
Page 20 and 21: 2011/12 Budget Year 2012/13 Descrip
Page 32 and 33: FS000 Mangaung - Supporting Table S
Page 40: FS000 Mangaung - Supporting Table S

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