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Gariep Local Municipality (EC144)

Gariep Local Municipality was disestablished and merged with Maletswai Local Municipality to establish Walter Sisulu Local Municipality on 3 August 2016. All information displayed here is historical information relating to the municipality before being disestablished.

Financial Results

All values: R'0002015/162014/152013/142012/132011/12
AUDIT OUTCOME Qualified auditQualified auditQualified auditAdverse auditQualified audit
FINANCIAL PERFORMANCE
Property rates7 2466 5117 6726 29210 382
Service charges24 09923 20223 08620 85945 534
Investment revenue1991401828775
Transfers recognised - operational46 61528 06927 42233 95431 107
Other own revenue7 4859 5676 41816 03220 473
Total Revenue (excluding capital transfers and contributions)85 64367 48864 78177 224107 571
Employee costs40 78530 43229 41228 42032 281
Remuneration of councillors3 4412 9602 8532 8432 570
Depreciation and amortisation16 41916 47816 64512 19310 809
Finance charges11 5605 4374 8722 4092 684
Inventory consumed and bulk purchases22 03320 96815 53720 41524 303
Transfers and subsidies1 6602 42435421610 490
Other expenditure29 86829 02328 87531 99774 719
Total Expenditure125 766107 72398 54798 493157 856
Surplus/(Deficit)(40 123)(40 235)(33 767)(21 269)(50 285)
Transfers and subsidies - capital (monetary allocations)28 20011 97616 10312 0445 925
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions(11 923)(28 259)(17 664)(9 225)(44 360)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(11 923)(28 259)(17 664)(9 225)(44 360)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure11 37410 12210 58318 3366 305
Transfers recognised - capital10 9549 9698 57815 3905 197
Borrowing----507
Internally generated funds4201532 004--
Total sources of capital funds11 37410 12210 58318 3366 305
FINANCIAL POSITION
Total current assets37 21825 11421 08828 52623 532
Total non current assets334 926324 309330 859152 347127 475
Total current liabilities133 057106 08778 00512 14491 179
Total non current liabilities21 83424 24926 605-38 848
Community wealth/Equity217 254219 087247 337168 72820 980
CASH FLOWS
Net cash from (used) operating26 11711 35913 76011 93910 276
Net cash from (used) investing(23 400)(10 122)(10 583)(13 278)(5 676)
Net cash from (used) financing(2 400)(1 822)(2 712)(889)(977)
Cash/cash equivalents at the year end1 0817651 350884(3 373)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure9 0502 3226 454-75 087
Irregular expenditure9 72911 0183 0648 60710 097
Fruitless & wasteful expenditure15 6535 5015 524-1 572
SOURCEAudited - C1 2017Audited Outcome - A1 2016Audited Outcome - A1 2016Audited Outcome - A1 2016S71 Audited

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.
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