2013_14 IDP Review.pdf - KZN Development Planning

SECTION F: FINANCIAL PLAN1. BUDGET OVERVIEWThe draft Budget for 2013/14 financial year has been prepared, aligned and integrated into the draft 2013/14 IDP Review. The budget belowalso contains indicative figures for 2014/15 and 2015/16 and revised budget for 2012/13.The municipal income for 2012/13 was R 551,848,326.00 and it has increased to R 496,331,518.00 for 2013/14 financialyear; and the decrease was due to to decrease of the grant allocation which was being received from National and Provincialgovernment;The expenditure for 2012/13 was R 550,901,756.00 and it will be decreasing to R 496,331,518.00 for 2013/14 financial year;The budget for operational programmes for 2012/13 was R 92,548,880.00 and it will be increasing to R 108,770,475 financialyear; and the increase is necessitated by the fact that the municipality is intending to improve service delivery therebydeveloping the communities; and The budget for capital projects for 2012/13 was R 196,447,000.00 and it has decreased to R 186,505,000.00 for 2013/14financial year due to the decrease of MIG and other grants allocation. .Draft 2013/14 IDP Review Page 277Prepared by Umzinyathi District Municiplity22 March 2013