ADVERTISEMENT

uPhongolo Local Municipality (KZN262)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Financially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates48 20848 13545 57143 25344 040
Service charges83 58264 79456 51757 71757 764
Investment revenue4 4624 5432 4491 3011 805
Transfers recognised - operational201 784192 426196 294178 841185 925
Other own revenue19 12514 17110 64025 01427 181
Total Revenue (excluding capital transfers and contributions)357 161324 070311 470306 126316 716
Employee costs145 878133 336122 588104 229101 952
Remuneration of councillors11 59311 29411 12510 1839 669
Depreciation and amortisation35 15224 99425 37228 02425 338
Finance charges1 4831 3671 3251 3951 230
Inventory consumed and bulk purchases84 81968 13549 52551 97763 220
Transfers and subsidies-21 400-3501 495
Other expenditure149 277141 051116 910194 019103 774
Total Expenditure428 201401 578326 844390 177306 677
Surplus/(Deficit)(71 040)(77 508)(15 374)(84 051)10 040
Transfers and subsidies - capital (monetary allocations)101 91279 88642 03988 51035 823
Transfers and subsidies - capital (in-kind)-----
Surplus/(Deficit) after capital transfers & contributions30 8732 37826 6664 45945 862
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year30 8732 37826 6664 45945 862
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure106 62874 07077 84196 19662 752
Transfers recognised - capital91 54868 39071 56076 38137 833
Borrowing-----
Internally generated funds15 0815 6806 28119 81524 919
Total sources of capital funds106 62874 07077 84196 19662 752
FINANCIAL POSITION
Total current assets92 27272 91656 13150 67437 876
Total non current assets479 728438 972439 502427 354417 818
Total current liabilities99 54372 34255 48163 85643 362
Total non current liabilities19 84916 22915 77316 27811 133
Community wealth/Equity421 736420 940397 713393 435355 336
CASH FLOWS
Net cash from (used) operating(200 616)(67 823)(204 036)(244 272)(46 354)
Net cash from (used) investing(29 984)46---
Net cash from (used) financing---(2 235)(6 700)
Cash/cash equivalents at the year end(205 776)(61 913)(193 604)(242 848)(23 775)
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure50 143137 76232 45182 89321 187
Irregular expenditure6922173224 613404
Fruitless & wasteful expenditure1 978137 9296553
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.
ADVERTISEMENT
ADVERTISEMENT