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George Local Municipality (WC044)

Financial Results

All values: R'0002022/232021/222020/212019/202018/19
AUDIT OUTCOME n/aClean auditClean auditFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates384 703347 220322 755302 109270 173
Service charges1 296 5121 221 9841 090 6071 015 515933 431
Investment revenue60 65915 41916 36833 52646 246
Transfers recognised - operational644 948570 643614 980549 028460 258
Other own revenue301 310262 104176 421187 256194 699
Total Revenue (excluding capital transfers and contributions)2 688 1312 417 3702 221 1312 087 4351 904 807
Employee costs645 081599 156585 295533 150520 124
Remuneration of councillors25 55723 78321 85322 51622 017
Depreciation & asset impairment188 175166 335158 415158 186142 900
Finance charges45 06536 70140 39943 77242 264
Materials and bulk purchases729 898696 851585 701547 954478 572
Transfers and grants45 75787 691160 38383 37865 525
Other expenditure995 792782 716672 040634 954761 081
Total Expenditure2 675 3242 393 2332 224 0862 023 9092 032 484
Surplus/(Deficit)12 80724 137(2 955)63 526(127 677)
Transfers recognised - capital400 438214 63082 91762 552114 410
Contributions recognised - capital & contributed assets-58-16 84013 260
Surplus/(Deficit) after capital transfers & contributions413 245238 82479 962142 918(7)
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year413 245238 82479 962142 918(7)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure722 909452 598191 181156 018154 315
Transfers recognised - capital200 796195 85276 95160 57459 353
Public contributions & donationsn/an/an/an/an/a
Borrowing234 206124 29433 2564 10918 776
Internally generated funds(90 137)132 45280 97591 33579 586
Total sources of capital funds344 865452 598191 181156 018157 715
FINANCIAL POSITION
Total current assets1 097 787854 031(124 540)160 886(78 760)
Total non current assets4 029 0453 490 63936 607(5 895)102 980
Total current liabilities1 128 562746 025(106 442)43 102(112 909)
Total non current liabilities178 250189 94748 128(11 087)8 384
Community wealth/Equity3 406 7763 169 874(29 611)123 004128 752
CASH FLOWS
Net cash from (used) operating5 041 0243 645 6853 587 9813 275 7473 105 528
Net cash from (used) investing(700 371)(44 832)(4 055)90 701224 508
Net cash from (used) financing(49 557)(39 646)(41 476)(39 167)(19 184)
Cash/cash equivalents at the year end4 883 6294 030 8283 542 4503 327 2813 310 852
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a3 28884 13488155 025
Irregular expendituren/a15 3825 5333 528620 892
Fruitless & wasteful expendituren/a72922--
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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