Mr LJ Mahlangu - Municipal Demarcation Board

Chapter 3
SUMMARY OF
FINANCIAL RESULTS
FOR THE YEAR ENDED 31 MARCH 2012
The total MTEF allocation for the year amounted to R38 482 000. Income from sales of maps amounted
to R17 853 whilst interest earned from bank amounted to R623 216. The total revenue for the current
financial year is R39 123 000 and R37 879 000 (2010/11), an increase of 3% from the previous year.
The total expenditure for the year amounted to R35 817 766 resulting in a surplus of R3 304 344. The
surplus for the year represents 9% of MTEF allocation.
Detailed budget information is presented below, indicating the budget, actual expenditure and variance.
Table 1: Actual Expenditure per Expenditure Item
Revenue
R
Actual
31 MUNICIPAL DEMARCATION BOARD - Annual Report 2012
R
Budget
R
Variance
Government grants 38 482 000 38 482 000 -
Interest received 623 216 857 000 233 784
Sales of maps 17 858 - (17 858)
Total income 39 123 074 39 339 000 215 926
Expenses
Advertisements & promotions 445 633 262 107 (183 526)
Annual subscription 786 585 599 579 (187 006)
External audit fees 796 675 950 000 153 325
Internal audit fees 699 544 1 015 690 316 146
Bank charges 23 490 28 001 4 511
Capacity assessment 3 145 083 4 265 685 1 120 602
Catering expenses 86 368 85 206 (1 162)
Cleaning services 209 692 208 678 (1 014)
Computer consumables 182 726 181 621 (1 105)
Conference and seminars 342 423 342 997 574
Consulting fees 1 798 296 1 955 562 157 266