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George Local Municipality (WC044)

Financial Results

All values: R'0002023/242022/232021/222020/212019/20
AUDIT OUTCOME Clean auditClean auditClean auditClean auditFinancially unqualified
FINANCIAL PERFORMANCE
Property rates443 330384 703347 220322 755302 109
Service charges1 487 0711 296 5121 221 9841 090 6071 015 515
Investment revenue100 63260 65915 41916 36833 526
Transfers recognised - operational681 506644 948570 643614 980549 028
Other own revenue422 302301 310262 104176 421187 256
Total Revenue (excluding capital transfers and contributions)3 134 8412 688 1312 417 3702 221 1312 087 435
Employee costs692 681645 081599 156585 295533 150
Remuneration of councillors25 56425 55723 78321 85322 516
Depreciation and amortisation248 122188 175166 335158 415158 186
Finance charges66 51945 06536 70140 39943 772
Inventory consumed and bulk purchases963 558729 898696 851585 701547 954
Transfers and subsidies85 76545 75787 691160 38383 378
Other expenditure1 011 707995 792783 095672 040634 954
Total Expenditure3 093 9172 675 3242 393 6132 224 0862 023 909
Surplus/(Deficit)40 92412 80723 757(2 955)63 526
Transfers and subsidies - capital (monetary allocations)571 849400 438214 63082 91762 552
Transfers and subsidies - capital (in-kind)--58-16 840
Surplus/(Deficit) after capital transfers & contributions612 773413 245238 44579 962142 918
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year612 773413 245238 44579 962142 918
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure948 498722 909452 598191 181156 018
Transfers recognised - capital501 696200 796195 85276 95160 574
Borrowing240 234234 206124 29433 2564 109
Internally generated funds206 568(90 137)132 45280 97591 335
Total sources of capital funds948 498344 865452 598191 181156 018
FINANCIAL POSITION
Total current assets1 611 7461 097 787853 652(124 540)160 886
Total non current assets4 793 0444 029 0453 490 63936 607(5 895)
Total current liabilities1 615 2951 128 562746 025(106 442)43 102
Total non current liabilities377 398178 250189 94748 128(11 087)
Community wealth/Equity4 412 0973 817 6243 408 319(29 611)123 004
CASH FLOWS
Net cash from (used) operating6 919 2775 041 0243 645 6853 587 9813 275 747
Net cash from (used) investing(7 342)(700 371)(13 965)(4 055)90 701
Net cash from (used) financing85(49 387)(39 209)(41 476)(39 167)
Cash/cash equivalents at the year end7 755 8994 883 7984 062 1323 542 4503 327 281
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expenditure31 271-3 28884 134881
Irregular expenditure40 04217315 3825 5333 528
Fruitless & wasteful expenditure--72922-
SOURCEAudited Outcome
C1 2025 Q1
Audited Outcome
A1 2024
Audited Outcome
A1 2024
Audited Outcome
A1 2023
Audited Outcome
A1 2022

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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