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uMngeni Local Municipality (KZN222)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aFinancially unqualifiedQualified auditQualified auditQualified audit
FINANCIAL PERFORMANCE
Property rates238 062231 694219 869204 868190 156
Service charges106 251102 90991 30585 00876 576
Investment revenue3 5202 5331 7152 6502 224
Transfers recognised - operational101 039106 60599 95780 09367 231
Other own revenue26 15732 40926 68918 05219 810
Total Revenue (excluding capital transfers and contributions)475 028476 149439 536390 671355 996
Employee costs137 502123 938125 190111 733106 981
Remuneration of councillors10 39710 0939 3309 3248 713
Depreciation and amortisation119 46870 23859 36373 44651 313
Finance charges7 3806 4477 2612 0152 335
Inventory consumed and bulk purchases152 359158 896129 445113 369108 352
Transfers and subsidies1 4076545734861 919
Other expenditure179 869152 465189 931165 917121 658
Total Expenditure608 382522 731521 092476 288401 270
Surplus/(Deficit)(133 354)(46 581)(81 556)(85 618)(45 274)
Transfers and subsidies - capital (monetary allocations)49 70321 64431 18325 48437 579
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions(83 651)(24 938)(50 373)(60 133)(7 695)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year(83 651)(24 938)(50 373)(60 133)(7 695)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure43 28033 89325 019(58 252)21 373
Transfers recognised - capital5 986-29 13020 278-
Borrowing-----
Internally generated funds1 1631119 1364 457-
Total sources of capital funds7 15011138 26624 735-
FINANCIAL POSITION
Total current assets74 03594 11784 674137 81136 759
Total non current assets1 012 2651 075 7721 105 4451 168 618(37 260)
Total current liabilities80 93178 79884 025111 45015 270
Total non current liabilities113 276115 296105 59085 733(3 225)
Community wealth/Equity979 7511 000 7341 000 5051 108 158(4 851)
CASH FLOWS
Net cash from (used) operating425 874391 406335 9861 132897
Net cash from (used) investing(55 345)(30 344)(1 900)(3 672)3 354
Net cash from (used) financing(2 630)(2 457)--814
Cash/cash equivalents at the year end381 521381 090366 18522 7155 065
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a283 02586 057124 52928 372
Irregular expendituren/a16 45621 9661199
Fruitless & wasteful expendituren/a4 6216472708
SOURCEAudited Outcome
C1 2024 Q1
Audited Outcome
A1 2023
Audited Outcome
A1 2023
Audited Outcome
A1 2022
Audited Outcome
A1 2021

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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