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Randfontein Local Municipality (GT482)

Randfontein Local Municipality was disestablished and merged with Westonaria Local Municipality to establish Rand West City 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 Financially unqualifiedAdverse auditQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates104 722106 37474 97577 85165 093
Service charges562 796535 429496 533463 932423 715
Investment revenue3 8263 0962 3393 4711 333
Transfers recognised - operational125 522120 065107 094137 118133 441
Other own revenue49 44248 52253 60759 13055 466
Total Revenue (excluding capital transfers and contributions)846 307813 485734 548741 502679 048
Employee costs237 456220 397209 425192 312182 982
Remuneration of councillors19 55816 22514 07213 74712 790
Depreciation and amortisation100 66785 39787 596104 804107 826
Finance charges22 64120 95924 48817 87913 937
Inventory consumed and bulk purchases415 563363 120329 572292 648271 455
Transfers and subsidies315420420420400
Other expenditure210 419204 089205 046193 865137 353
Total Expenditure1 006 618910 607870 619815 675726 742
Surplus/(Deficit)(160 310)(97 122)(136 071)(74 173)(47 694)
Transfers and subsidies - capital (monetary allocations)89 44140 89137 618--
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions(70 869)(56 231)(98 454)(74 173)(47 694)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(70 869)(56 231)(98 454)(74 173)(47 694)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure139 882109 28476 18257 774125 724
Transfers recognised - capital104 18139 15039 61034 03735 816
Borrowing----51 180
Internally generated funds35 70170 13436 57223 73738 729
Total sources of capital funds139 882109 28476 18257 774125 724
FINANCIAL POSITION
Total current assets187 468122 624132 530125 193132 546
Total non current assets2 374 1132 554 1622 611 4012 632 0222 669 068
Total current liabilities456 817264 653285 615243 633237 038
Total non current liabilities98 69890 85380 92187 89791 902
Community wealth/Equity2 006 0662 321 2802 377 3952 425 6842 472 673
CASH FLOWS
Net cash from (used) operating189 04574 119107 023143 6531 250 903
Net cash from (used) investing(124 602)(84 576)(78 204)(68 766)(126 544)
Net cash from (used) financing(9 778)(10 925)(25 070)(25 692)(36 518)
Cash/cash equivalents at the year end86 17531 51052 89349 1441 085 009
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure48 321-8131 03521 933
Irregular expenditure140 844164 55699 53636 04417 540
Fruitless & wasteful expenditure13 89511 24623 2038 6204 224
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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