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George Local Municipality (WC044)

Financial Results

All values: R'0002024/252023/242022/232021/222020/21
AUDIT OUTCOME Clean auditClean auditClean auditClean auditClean audit
FINANCIAL PERFORMANCE
Property rates478 380443 330384 703347 220322 755
Service charges1 713 2131 481 3241 296 5121 221 9841 090 607
Investment revenue116 822100 63260 65915 41916 368
Transfers recognised - operational705 334686 499644 948570 643614 980
Other own revenue345 867276 584301 310262 104176 421
Total Revenue (excluding capital transfers and contributions)3 359 6172 988 3692 688 1312 417 3702 221 131
Employee costs720 226670 061645 081599 156585 295
Remuneration of councillors27 69725 56425 55723 78321 853
Depreciation and amortisation283 029216 787188 175166 335158 415
Finance charges83 07164 22845 06536 70140 399
Inventory consumed and bulk purchases1 019 051912 397729 898696 851585 701
Transfers and subsidies103 41585 76545 75787 691160 383
Other expenditure1 138 744967 643995 792783 095672 040
Total Expenditure3 375 2352 942 4462 675 3242 393 6132 224 086
Surplus/(Deficit)(15 619)45 92312 80723 757(2 955)
Transfers and subsidies - capital (monetary allocations)952 679575 669400 438214 63082 917
Transfers and subsidies - capital (in-kind)---58-
Surplus/(Deficit) after capital transfers & contributions937 060621 592413 245238 44579 962
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year937 060621 592413 245238 44579 962
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure1 401 167948 498722 909452 598191 181
Transfers recognised - capital870 303523 249200 796195 85276 951
Borrowing457 417284 043234 206124 29433 256
Internally generated funds73 448141 206(90 137)132 45280 975
Total sources of capital funds1 401 167948 498344 865452 598191 181
FINANCIAL POSITION
Total current assets1 708 5981 611 7461 097 787853 652(124 540)
Total non current assets5 928 3774 821 5664 029 0453 490 63936 607
Total current liabilities1 174 3301 260 9431 128 562746 025(106 442)
Total non current liabilities1 216 027727 197178 250189 94748 128
Community wealth/Equity6 045 9054 445 1723 817 6243 408 319(29 611)
CASH FLOWS
Net cash from (used) operating6 949 0787 336 5815 041 0243 645 6853 587 981
Net cash from (used) investing(715 683)(405 293)(700 371)(13 965)(4 055)
Net cash from (used) financing345 4345 418(49 387)(39 209)(41 476)
Cash/cash equivalents at the year end7 935 8487 780 5854 883 7984 062 1323 542 450
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure27 44031 271-3 28884 134
Irregular expenditure59 98240 04217315 3825 533
Fruitless & wasteful expenditure254--72922
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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