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Merafong City Local Municipality (GT484)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Qualified auditQualified auditDisclaimer of auditDisclaimer of auditAdverse audit
FINANCIAL PERFORMANCE
Property rates525 259765 344581 883567 514541 111
Service charges885 064839 443841 370812 884753 764
Investment revenue11 17219 70912 7585 0464 848
Transfers recognised - operational361 224325 561378 304256 019252 673
Other own revenue394 705577 638258 446268 339234 397
Total Revenue (excluding capital transfers and contributions)2 177 4242 527 6952 072 7611 909 8021 786 793
Employee costs439 612414 909370 511367 065349 925
Remuneration of councillors27 10326 33225 46022 28222 590
Depreciation and amortisation245 449123 250172 764220 800142 963
Finance charges285 710197 304157 32582 06750 276
Inventory consumed and bulk purchases750 487826 078684 004584 317589 689
Transfers and subsidies5067485223212 295
Other expenditure1 815 6201 674 395985 0891 095 8651 127 689
Total Expenditure3 564 4863 263 0162 395 6752 372 7182 285 428
Surplus/(Deficit)(1 387 061)(735 321)(322 913)(462 916)(498 634)
Transfers and subsidies - capital (monetary allocations)149 974158 94381 732122 479104 878
Transfers and subsidies - capital (in-kind)(126)9(9)--
Surplus/(Deficit) after capital transfers & contributions(1 237 214)(576 369)(241 191)(340 437)(393 757)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(1 237 214)(576 369)(241 191)(340 437)(393 757)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure217 924210 663164 21350 931354 553
Transfers recognised - capital210 678197 821170 43043 065243 253
Borrowing-----
Internally generated funds7 24619 837-7 4155 786
Total sources of capital funds217 924217 658170 43050 480249 040
FINANCIAL POSITION
Total current assets860 733884 717890 74874 073(286 114)
Total non current assets3 383 5263 495 6863 497 186(91 286)14 676
Total current liabilities3 733 3972 586 3952 047 526319 509119 392
Total non current liabilities169 854159 625159 417(14 030)2 978
Community wealth/Equity1 578 2222 210 7522 422 18217 746(52)
CASH FLOWS
Net cash from (used) operating362 087(683 977)328 417(1 029 734)(413 886)
Net cash from (used) investing(150 850)----
Net cash from (used) financing----(1 150)
Cash/cash equivalents at the year end367 217(478 262)534 132(1 076 821)(415 036)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure1 065 0401 030 055---
Irregular expenditure138 917209 249280 37549 12733 894
Fruitless & wasteful expenditure207 299157 779138 444168 54046 119
SOURCEAudited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2024
Audited Outcome
A1 2023

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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