Raymond Mhlaba Local Municipality (EC129)

Raymond Mhlaba Local Municipality was established by the amalgamation of Nkonkobe Local Municipality and Nxuba Local Municipality on 3 August 2016. Financial, Employment and Service Delivery information for the new municipality is only available from the 2016/17 financial year. View historical information for Nkonkobe Local Municipality and Nxuba Local Municipality.

Financial Results

All values: R'0002019/202018/192017/182016/17
AUDIT OUTCOME Qualified auditQualified auditFinancially unqualifiedFinancially unqualified
FINANCIAL PERFORMANCE
Property rates533 28873 99859 86051 230
Service charges(17 296)97 43979 47262 527
Investment revenue3 1396743 6622 121
Transfers recognised - operational363 225156 192185 668154 940
Other own revenue24 40353 32027 02628 546
Total Revenue (excluding capital transfers and contributions)906 759381 623355 690299 364
Employee costs134 174133 752158 035115 286
Remuneration of councillors16 88517 02716 57413 170
Depreciation & asset impairment--30 04831 229
Finance charges--19 27913 729
Materials and bulk purchases10 77929 86567 80156 642
Transfers and grants4 46714 772-8 787
Other expenditure66 69099 372232 112155 520
Total Expenditure232 995294 788523 849394 364
Surplus/(Deficit)673 76486 835(168 159)(95 001)
Transfers recognised - capital17 908-19 98643 304
Contributions recognised - capital & contributed assets----
Surplus/(Deficit) after capital transfers & contributions691 67286 835(148 173)(51 696)
Share of surplus/(deficit) of associate----
Surplus/(Deficit) for the year691 67286 835(148 173)(51 696)
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure46 74250 27124944 018
Transfers recognised - capital46 74249 05224941 435
Public contributions & donationsn/a-n/an/a
Borrowing----
Internally generated funds-1 219-2 583
Total sources of capital funds46 74250 27124944 018
FINANCIAL POSITION
Total current assets832 823n/a(230 539)62 858
Total non current assets46 742n/a737 844571 277
Total current liabilities181 472n/a286 875196 455
Total non current liabilities-n/a23269 310
Community wealth/Equity6 420n/a368 371368 371
CASH FLOWS
Net cash from (used) operating(237 372)68 08413 21658 747
Net cash from (used) investing-(54 351)-(42 757)
Net cash from (used) financing(201)-1 999(6 426)
Cash/cash equivalents at the year end(237 572)30 97415 22019 558
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a-3 90326 780
Irregular expendituren/a71577 98330 156
Fruitless & wasteful expendituren/a16 02112 77411 528
SOURCEYTD Actual - C1 2020 Q4YTD Actual - C1 2019 Q4Audited Outcome - A1 2020Audited Outcome - A1 2020

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.