Thursday, 27 October 2016 12:04

Financial Viability

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AUDIT OUTCOME

2015/16

n/a

2014/15

Clean audit outcome

2013/14

Clean audit outcome

2012/13

Financially unqualified with findings

FINANCIAL PERFORMANCE
Property rates - - - -
Service charges 126 194 116 303 132 685 118 136
Investment revenue 9 878 12 260 10 413 7 979
Transfers recognised - operational 401 795 376 281 348 651 318 908
Other own revenue 74 969 22 888 22 371 28 620
Total Revenue (excluding capital transfers and contributions) 612 836 527 733 514 120 473 643
Employee costs 177 079 176 152 157 176 151 411
Remuneration of councillors 10 974 10 836 9 944 9 466
Depreciation & asset impairment 58 620 83 433 56 330 80 075
Finance charges 5 184 2 433 2 976 1 919
Materials and bulk purchases 105 749 76 619 74 646 65 326
Transfers and grants 3 000 - - 152 157
Other expenditure 235 616 288 002 262 332 141 501
Total Expenditure 596 220 637 476 563 404 601 856
Surplus/(Deficit) 16 615 (109 743) (49 284) (128 213)
Transfers recognised - capital 63 380 228 862 184 442 148 505
Contributions recognised - capital & contributed assets - - - -
Surplus/(Deficit) after capital transfers & contributions 79 996 119 119 135 158 20 292
Share of surplus/(deficit) of associate - - - -
Surplus/(Deficit) for the year 79 996 119 119 135 158 20 292
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure 440 097 210 443 143 850 77 953
Transfers recognised - capital 420 417 169 345 142 774 77 276
Public contributions & donations - - - 677
Borrowing - - - -
Internally generated funds 19 680 41 098 1 076 -
Total sources of capital funds 440 097 210 443 143 850 77 953
FINANCIAL POSITION
Total current assets 515 370 452 340 408 090 262 973
Total non current assets 993 082 883 148 793 856 681 622
Total current liabilities 58 853 264 578 247 109 146 225
Total non current liabilities 130 944 2 394 6 021 9 954
Community wealth/Equity 1 318 655 1 068 516 948 816 788 416
CASH FLOWS
Net cash from (used) operating (178 443) 133 343 145 911 86 785
Net cash from (used) investing (239 645) (170 982) (160 396) (77 540)
Net cash from (used) financing 175 038 (5 149) 82 769 (3 407)
Cash/cash equivalents at the year end (27 891) 162 494 205 283 136 999
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure n/a - - -
Irregular expenditure n/a 1 017 - 26 715
Fruitless & wasteful expenditure n/a 1 833 172 291
SOURCE S71 Unaudited S71 Audited S71 Audited S71 Audited
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