In-Year Financial Budget Statement Report for the Month Ending 31July 2010 (Comparative

FMB /206/10 2010-08-13

IN-YEAR FINANCIAL BUDGET STATEMENT REPORT FOR THE MONTH ENDING 31JULY 2010 (COMPARATIVE STATEMENT REPORT)

PURPOSE

The purpose of this report is to comply with Section 71 of the Municipal Finance Management Act (MFMA) and the requirements as promulgated in the Government Gazette No 32141 of 17 April 2009.

BACKGROUND

Section 71 of the MFMA, and in terms of Section 28 of the Government Notice 32141 dated 17 April 2009, regarding the “Local Government: Municipal Finance Management Act 2003 Municipal Budget and Reporting Regulations” necessitates that specific financial particulars be reported on and in the formats prescribed, hence this report to meet legislative compliance.

“The accounting officer of a municipality-

“71(1) The accounting officer of a municipality must by no later than 10 working days after the end of each month submit to the mayor of the municipality and the relevant provincial treasury a statement in the prescribed format on the state of the municipality’s budget reflecting the following particulars for the month and for the financial year up to the end of that month: …”.

“28.The monthly budget statement of a municipality must be in the format specified as per Schedule C and include all the required tables, charts and explanatory information, taking into account any guidelines issued by the Minister in terms of section 168(1) of the Act.”

EXECUTIVE SUMMARY

KEY DATA (ANNEXURE A)

Annexure A includes certain Key Performance Indicators.

IN-YEAR BUDGET STATEMENT TABLES: JULY 2011 REPORT

The financial results for the one month ended 31 July 2011 are attached, consisting of the prescribed tables in terms of Government Gazette 32141 of 17 April 2009 as indicated in Annexure B on Pages 1-28.

PARENT MUNICIPALITY (PAGE 21)

Budget Performance Analysis

Summary Statement of Financial Performance(Page 21)

The Summary Statement of Financial Performance shown in Annexure B, Page21, Table SC10, is prepared on a similar basis to the prescribed budget format, detailing revenue by source type and expenditure by input type. The summary report indicates the following:

Operational Income and Expenditure Performance

With this being the first month of operations in the 2010/2011 financial year, initial projections have been conservative as it is too early in the year to notice any particular trends and patterns in respect of income and expenditure. Accordingly, a break-even position is forecasted. The full impact of the cost cutting initiatives together with expenditure/income patterns will become more apparent in the ensuing months.

CapitalExpenditure and Funding (Pages 9-10)

The Capital expenditure report shown in Annexure B,Page Numbers 9 - 10 , Table C5, has been prepared on the basis of the format required to be lodged electronically with National Treasury, and is categorised by municipal vote.

The forecasted capital expenditure indicates a spending of 100%. However, it is too early in the financial year to notice any particular trends and consequently, more accurate projections will unfold in the ensuing months.

The summary report indicates the following:-

Chart C1: 2010/2011 Capital Expenditure

Monthly Trend : Actual versus Target

MUNICIPAL ENTITIES (PAGE 22)

The projections for both the International Convention Centre (ICC) and Ushaka Marine World are in line with the budget at this early stage in the financial year.

STAFF EXPENDITURE (ANNEXURE C, PAGE 28)

In terms of Section 66 of the Municipal Finance Management Act, the Accounting Officer of a Municipality must, in a format and for periods as may be prescribed, report to the Council on all expenditure incurred by the municipality on staff salaries, wages, allowances and benefits, and in a manner that discloses such expenditure per type of expenditure, namely-

a)Salaries and wages

b)Contributions for pensions and medical aid

c)Travel, motor car, accommodation, subsistence and other allowances

d)Housing benefits and allowances

e)Overtime payments

f)Loans and advances, and

g)Any other type of benefit or allowance related to staff

DEBTORS

Table : Total Debtors Age Analysis as at 31 July 2010(Consumer & Other)

July 2010 / 0-30 Days / 31-60 days / 61-90 Days / 91-120 Days / 121-150 Days / 151-190 Days / 181 Days / Over 1 Year / Total
July 2010/11 / 1,187,762 / 230,812 / 166,248 / 84,542 / 152,346 / 156,369 / 537,708 / 2,363,403 / 4,879,190
July 2009/10 / 1,128,374 / 219,272 / 157,935 / 80,315 / 144,728 / 148,551 / 510,823 / 2,245,233 / 4,635,231

Chart C2 : Aged Debtors

Government / Business / Households / Other
July 2009/10 / 960,997 / 529,270 / 1,229,083 / 2,013,464
July 2010/11 / 990,718 / 545,640 / 1,267,096 / 2,075,736

COLLECTION RATE %

The comparative debtors’ collection rate for the main services are as follows:

Description / July 2010
Percentage(%)
Rates / 118.0
Electricity - Bulk / 97.0
- Domestic / 97.5
Water / 94.9
Average / 101.8

OTHER

Description / July 2010 (YTD)
Value of Police Fines Outstanding / R1036.7 m
Water Loss in Distribution ( % ) / 33%
Electricity Loss in Distribution / 5%
New Connections: Electricity / 921
: Water / 1255

The water loss in distribution has reduced from 37% in June 2010 to 33%. This is mainly due to the benefits of the water pipe replacement programme.

CREDITORS

Table : Aged Creditors

Bulk Elect / BulkWater / PAYE Ded / Vat / Pension
Retire.
Deduct / Loan
Repay-
ments / Trade
Creditors / Audit
General / Other / Total
July 2010/11 / 561,966 / 93,049 / 54,305 / - / 62,872 / 25,494 / 1,548,448 / - / 927,963 / 3,274,097
July 2009/10 / 310,248 / 88,587 / 33,772 / - / 49,210 / - / 314,317 / - / 1,071,756 / 1,867,889

CASH FLOW (PAGE 12)

The Cash Flow Report shown in Annexure B, Page 12, Table C7 has been prepared on the basis of the format required to be lodged with National Treasury.

This Report which is submitted in compliance with Section 71 of the MFMA and in terms of Government Notice 32141 dated 17 April 2009, relating to the “Local Government: Municipal Finance Management Act 2003 Municipal Budget and Reporting Regulations”,and the financial results and supporting documentation (Schedule C) as at 31July 2010, beconsidered by the Council.

(Original Signed) (Original Signed)

______

K.A. KUMAR DR. M.O. SUTCLIFFE

DEPUTY CITY MANAGER: CITY MANAGER

TREASURY

______

City Manager’s Quality Certification

I, Dr Michael Sutcliffe, the City Manager of the Ethekwini Municipality, hereby certify that -

the monthly report on the implementation of the budget and

financial state/affairs of the municipality

for the month of July 2010 has been prepared in accordance with the Municipal Finance Management Act and regulations made under that Act.

Print name: Dr Michael Sutcliffe

City Manager of the Ethekwini Municipality (KZN000)

(Original Signed)

Signature: ______

Date: ______

______

Annexure A
eThekwini Municipality
Monthly Comparative Statement
KEY DATA - TOTAL COUNCIL
'JULY 2010
FINANCIAL / Full Year Budget 2010/2011 / Year to Date 2010/2011 / Full Year Forecast 2010/2011 / WORKING CAPITAL / 2009/2010 / Full Year Budget 2010/2011 / YTD Actual 2010/2011
Rm / Rm / Rm
CONSOLIDATED SUMMARY / LIQUIDITY RATIO (Cash & Invest. Only) / 51.6% / 40.0% / 49.0%
Total Income / 1 / 20,609.9 / 1,819.2 / 20,609.9 / Cash & Invest/ Current Liabilities
Total Expenditure / 1 / 20,609.9 / 1,429.7 / 20,609.9 / GEARING RATIO / 40.4% / 23.1% / 35.3%
Net Surplus/(Deficit) after Transfers / 0.0 / 389.6 / 0.0 / Total Debt Outstanding / Total Equity
(Note 1)
R&G and SERVICES / TOTAL CASH & INVESTMENTS / Rm / 2,141.5 / 2,709.1 / 1,927.0
R&G
Total Income / 10,268.8 / 1,048.5 / 10,268.8 / TOTAL LOANS OUTSTANDING / Rm / 7,911.6 / 10,068.2 / 9,199.0
Total Expenditure / 10,268.8 / 682.4 / 10,268.8
Net Surplus/(Deficit) after Transfers / 0.0 / 366.1 / 0.0
Electricity
Total Income / 7,594.2 / 586.7 / 7,594.2
Total Expenditure / 7,594.2 / 707.5 / 7,594.2 / DEBTORS / 2009/2010 / June 2010 / July 2010
Net Surplus/(Deficit) / 0.0 / (120.8) / 0.0 / Debtors Outstanding: Consumer
Gross Margin % / 37.9 / 42.3 / 39.5 / Total / Rm / 4,232.0 / 4,232.0 / 3,944.0
Rates / Rm / 2,396.0 / 2,396.0 / 2,133.0
Water / Electricity - Bulk / Rm / 265.0 / 265.0 / 655.0
Total Income / 2,632.6 / 180.8 / 2,632.6 / - Domestic / Rm / 419.0 / 419.0 / 103.0
Total Expenditure / 2,632.6 / 24.3 / 2,632.6 / Water / Rm / 1,152.0 / 1,152.0 / 1,053.0
Net Surplus/(Deficit) / 0.0 / 156.6 / 0.0
Gross Margin % / 46.0 / 48.0 / 46.0
No. of Days Outstanding:
Rates / 202 / 202 / 160
Housing / Electricity - Bulk / 90 / 90 / 90
Total Income / 52.1 / 2.8 / 52.1 / - Domestic / 90 / 90 / 90
Total Expenditure / 52.1 / 13.1 / 52.1 / Water / 205 / 205 / 184
Net Surplus/(Deficit) / 0.0 / (10.3) / 0.0 / *Figures are stated prior to adjusting Debtors with provision for bad debts.
MEMORANDUM / Actual 09/10 / June 2010 / July 2010 / Collection Rate: (%) / 2009/2010 / June 2010 / July 2010
Value of Fines outstanding / RM / 1015.1 / 1015.1 / 1036.7 / Rates Monthly and Annual (Combined) / 96.8 / 96.8 / 118.0
Electricity - Bulk / 97.0 / 97.0 / 97.0
- Domestic / 96.5 / 96.5 / 97.5
Note 1: / Water / 94.1 / 94.1 / 94.9
Income includes capital grants, and, expenditure includes contributions to capital
in lieu of these grants.
CAPITAL EXPENDITURE
OPERATIONAL / 2009/2010 / Full Year Budget 2009/2010 / Actual YTD 2010/2011 / HUMAN RESOURCES / 2009/2010 / Full Year Budget 2009/2010 / Actual YTD 2010/2011
New Connections / Employee related costs / Rm / 4,665.2 / 5,005.0 / 396.2
Electricity / 15,111 / 15,000 / 921 / Employee costs as % of Operating Exp. / 25.2 / 27.0 / 27.7
Water / 18,175 / 16,000 / 1,255 / Number of Permanent employees / 18,723 / 18,581 / 18,820
Number of Temporary Employees / 2,940 / 2,839 / 3,026
% Loss in Distribution
Electricity / 5 / 5 / 5 / Total Cost of Overtime / Rm / 309.1 / 225.4 / 50.4
* Water / 37.5 / 33.0 / 33.0
Total number of days sick leave / 164,741 / 2,439
Cost of Loss in Distribution
Electricity / Rm / 109.2 / 109 / 11.0 / Average days sick leave / 7.6 / 0.1
Water / Rm / 406.1 / 353.3 / 30.0
Total Leave Days Due / 415,145 / 427,931
Supply Coverage %
Electricity / 96 / 96 / 96
Water / 95 / 95 / 95
* The increase is attributable to the increase in leaks, un-metered and illegal connections.

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ANNEXURE B

KZN000 eThekwini - Table C1 Consolidated Monthly Budget Statement Summary - M01 July
Description / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / Monthly actual / YearTD actual / YearTD budget / YTD variance / YTD variance / Full Year Forecast
R thousands / %
Financial Performance
Property rates / 4,451,182 / 4,212,852 / 4,212,852 / 373,116 / 373,116 / 351,071 / 22,045 / 6% / 4,212,852
Service charges / 8,173,969 / 10,483,984 / 10,483,984 / 786,826 / 786,826 / 873,665 / (86,840) / -10% / 10,483,984
Investment revenue / 292,128 / 289,467 / 289,467 / 15,179 / 15,179 / 24,122 / (8,943) / -37% / 289,467
Transfers recognised - operational / 1,435,598 / 1,595,398 / 1,595,398 / 589,389 / 589,389 / 132,950 / 456,439 / 343% / 1,595,398
Other own revenue / 1,758,269 / 2,251,566 / 2,251,566 / 73,366 / 73,366 / 187,631 / (114,264) / -61% / 2,251,566
Total Revenue (excluding capital transfers and contributions) / 16,111,147 / 18,833,267 / 18,833,267 / 1,837,876 / 1,837,876 / 1,569,439 / 268,437 / 17% / 18,833,267
Employee costs / 4,722,734 / 5,117,327 / 5,117,327 / 403,846 / 403,846 / 426,444 / (22,597) / -5% / 5,117,327
Remuneration of Councillors / 71,942 / 74,839 / 74,839 / 5,422 / 5,422 / 6,237 / (815) / -13% / 74,839
Depreciation & asset impairment / 1,457,880 / 1,494,911 / 1,494,911 / 124,460 / 124,460 / 124,576 / (116) / -0% / 1,494,911
Finance charges / 694,757 / 896,381 / 896,381 / 46,070 / 46,070 / 74,698 / (28,629) / -38% / 896,381
Materials and bulk purchases / 4,560,927 / 6,020,763 / 6,020,763 / 566,532 / 566,532 / 501,730 / 64,802 / 13% / 6,020,763
Transfers and grants / 152,574 / 159,516 / 159,516 / 12,770 / 12,770 / 13,293 / (523) / 159,516
Other expenditure / 5,155,905 / 5,109,022 / 5,109,022 / 299,123 / 299,123 / 425,752 / (126,629) / -30% / 5,109,022
Total Expenditure / 16,816,720 / 18,872,759 / 18,872,759 / 1,458,223 / 1,458,223 / 1,572,730 / (114,507) / -7% / 18,872,759
Surplus/(Deficit) / (705,573) / (39,492) / (39,492) / 379,653 / 379,653 / (3,291) / 382,944 / -11636% / (39,492)
Transfers recognised - capital / 1,944,698 / 2,070,420 / 2,070,420 / – / – / 172,535 / (172,535) / -100% / 2,070,420
Contributions & Contributed assets / – / – / – / – / – / – / – / –
Surplus/(Deficit) after capital transfers & contributions / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / 210,409 / 124% / 2,030,928
Surplus/ (Deficit) for the year / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / 210,409 / 124% / 2,030,928
Capital expenditure & funds sources
Capital expenditure / 6,740,960 / 5,384,458 / 5,384,458 / 46,706 / 46,706 / 448,705 / (401,999) / -90% / 5,384,458
Capital transfers recognised / 2,510,470 / 2,070,420 / 2,070,420 / – / – / 172,535 / (172,535) / -100% / 2,070,420
Public contributions & donations / 5,000 / – / – / – / – / – / – / –
Borrowing / 1,800,885 / 2,280,000 / 2,280,000 / – / – / 190,000 / (190,000) / -100% / 2,280,000
Internally generated funds / 2,424,605 / 1,034,038 / 1,034,038 / 46,706 / 46,706 / 86,170 / (39,464) / -46% / 1,034,038
Total sources of capital funds / 6,740,960 / 5,384,458 / 5,384,458 / 46,706 / 46,706 / 448,705 / (401,999) / -90% / 5,384,458
Financial position
Total current assets / 9,214,060 / 9,735,613 / 9,735,613 / 9,158,920 / 9,735,613
Total non current assets / 28,068,493 / 35,143,929 / 35,143,929 / 34,881,094 / 35,143,929
Total current liabilities / 8,168,711 / 9,451,035 / 9,451,035 / 7,472,251 / 9,451,035
Total non current liabilities / 11,017,319 / 12,865,424 / 12,865,424 / 11,568,774 / 12,865,424
Community wealth/Equity / 18,096,523 / 22,563,083 / 22,563,083 / 24,998,989 / 22,563,083
Cash flows
Net cash from (used) operating / 3,002,285 / 3,294,385 / 3,294,385 / 196,938 / 196,938 / 274,532 / (77,594) / -28% / 3,294,385
Net cash from (used) investing / (6,734,500) / (5,331,713) / (5,331,713) / (873,602) / (873,602) / (444,309) / (429,293) / 97% / (5,331,713)
Net cash from (used) financing / 1,103,334 / 1,867,516 / 1,867,516 / 513 / 513 / 155,626 / (155,113) / -100% / 1,867,516
Cash/cash equivalents at the month/year end / (1,534,950) / 2,812,630 / 2,812,630 / – / 1,035,100 / 2,968,291 / (1,933,191) / -65% / 1,541,439
Debtors & creditors analysis / 0-30 Days / 31-60 Days / 61-90 Days / 91-120 Days / 121-150 Dys / 151-180 Dys / 181 Dys-1 Yr / Over 1Yr / Total
Debtors Age Analysis
Total By Revenue Source / 1,187,762 / 230,812 / 166,248 / 84,542 / 152,346 / 156,369 / 537,708 / 2,363,404 / 4,879,190
Creditors Age Analysis
Total Creditors / 3,274,097 / – / – / – / – / – / – / – / 3,274,097

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KZN000 eThekwini - Table C2 Consolidated Monthly Budget Statement - Financial Performance (standard classification) - M01 July
Description / Ref / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / Monthly actual / YearTD actual / YearTD budget / YTD variance / YTD variance / Full Year Forecast
R thousands / 1 / %
Revenue - Standard
Governance and administration / 5,701,758 / 6,260,838 / 6,260,838 / 974,498 / 974,498 / 521,737 / 452,761 / 87% / 6,260,838
Executive and council / 2,724 / 2,199 / 2,199 / 82 / 82 / 183 / (102) / -55% / 2,199
Budget and treasury office / 5,580,444 / 6,047,312 / 6,047,312 / 965,839 / 965,839 / 503,943 / 461,896 / 92% / 6,047,312
Corporate services / 118,590 / 211,327 / 211,327 / 8,578 / 8,578 / 17,611 / (9,033) / -51% / 211,327
Community and public safety / 1,380,738 / 1,317,934 / 1,317,934 / 17,144 / 17,144 / 109,828 / (92,684) / -84% / 1,317,934
Community and social services / 22,311 / 25,021 / 25,021 / 2,113 / 2,113 / 2,085 / 28 / 1% / 25,021
Sport and recreation / 10,130 / 18,894 / 18,894 / 418 / 418 / 1,575 / (1,156) / -73% / 18,894
Public safety / 87,174 / 171,319 / 171,319 / 8,956 / 8,956 / 14,277 / (5,321) / -37% / 171,319
Housing / 1,218,495 / 1,060,553 / 1,060,553 / 5,657 / 5,657 / 88,379 / (82,723) / -94% / 1,060,553
Health / 42,628 / 42,147 / 42,147 / 0 / 0 / 3,512 / (3,512) / -100% / 42,147
Economic and environmental services / 1,538,970 / 1,077,345 / 1,077,345 / 12,381 / 12,381 / 89,779 / (77,397) / -86% / 1,077,345
Planning and development / 856,989 / 333,518 / 333,518 / 3,317 / 3,317 / 27,793 / (24,476) / -88% / 333,518
Road transport / 678,807 / 736,825 / 736,825 / 8,962 / 8,962 / 61,402 / (52,440) / -85% / 736,825
Environmental protection / 3,174 / 7,002 / 7,002 / 103 / 103 / 584 / (481) / -82% / 7,002
Trading services / 9,129,924 / 11,880,126 / 11,880,126 / 813,865 / 813,865 / 990,011 / (176,146) / -18% / 11,880,126
Electricity / 6,022,032 / 7,623,380 / 7,623,380 / 588,628 / 588,628 / 635,282 / (46,654) / -7% / 7,623,380
Water / 2,330,367 / 2,632,568 / 2,632,568 / 180,823 / 180,823 / 219,381 / (38,558) / -18% / 2,632,568
Waste water management / 333,967 / 989,102 / 989,102 / 13,677 / 13,677 / 82,425 / (68,748) / -83% / 989,102
Waste management / 443,559 / 635,076 / 635,076 / 30,737 / 30,737 / 52,923 / (22,186) / -42% / 635,076
Other / 4 / 304,455 / 367,444 / 367,444 / 19,988 / 19,988 / 30,620 / (10,632) / -35% / 367,444
Total Revenue - Standard / 2 / 18,055,845 / 20,903,687 / 20,903,687 / 1,837,876 / 1,837,876 / 1,741,974 / 95,902 / 6% / 20,903,687
Expenditure - Standard
Governance and administration / 1,967,149 / 2,530,875 / 2,530,875 / 155,514 / 155,514 / 210,906 / (55,392) / -26% / 2,530,875
Executive and council / 192,112 / 202,699 / 202,699 / 14,569 / 14,569 / 16,892 / (2,322) / -14% / 202,699
Budget and treasury office / 813,650 / 1,200,993 / 1,200,993 / 53,444 / 53,444 / 100,083 / (46,639) / -47% / 1,200,993
Corporate services / 961,387 / 1,127,183 / 1,127,183 / 87,501 / 87,501 / 93,932 / (6,431) / -7% / 1,127,183
Community and public safety / 2,998,956 / 3,132,198 / 3,132,198 / 281,610 / 281,610 / 261,017 / 20,594 / 8% / 3,132,198
Community and social services / 466,000 / 537,729 / 537,729 / 38,399 / 38,399 / 44,811 / (6,412) / -14% / 537,729
Sport and recreation / 729,370 / 863,796 / 863,796 / 81,839 / 81,839 / 71,983 / 9,856 / 14% / 863,796
Public safety / 899,358 / 984,173 / 984,173 / 93,771 / 93,771 / 82,014 / 11,757 / 14% / 984,173
Housing / 639,878 / 442,639 / 442,639 / 45,710 / 45,710 / 36,887 / 8,823 / 24% / 442,639
Health / 264,350 / 303,861 / 303,861 / 21,891 / 21,891 / 25,322 / (3,431) / -14% / 303,861
Economic and environmental services / 2,314,690 / 2,175,889 / 2,175,889 / 172,706 / 172,706 / 181,324 / (8,618) / -5% / 2,175,889
Planning and development / 759,042 / 746,856 / 746,856 / 46,603 / 46,603 / 62,238 / (15,635) / -25% / 746,856
Road transport / 1,456,461 / 1,319,799 / 1,319,799 / 117,909 / 117,909 / 109,983 / 7,925 / 7% / 1,319,799
Environmental protection / 99,187 / 109,234 / 109,234 / 8,195 / 8,195 / 9,103 / (908) / -10% / 109,234
Trading services / 9,124,569 / 10,560,710 / 10,560,710 / 812,923 / 812,923 / 880,059 / (67,136) / -8% / 10,560,710
Electricity / 5,028,080 / 6,581,555 / 6,581,555 / 699,164 / 699,164 / 548,463 / 150,701 / 27% / 6,581,555
Water / 2,587,971 / 2,388,267 / 2,388,267 / 24,893 / 24,893 / 199,022 / (174,129) / -87% / 2,388,267
Waste water management / 816,554 / 811,011 / 811,011 / 45,277 / 45,277 / 67,584 / (22,308) / -33% / 811,011
Waste management / 691,964 / 779,877 / 779,877 / 43,590 / 43,590 / 64,990 / (21,400) / -33% / 779,877
Other / 411,356 / 473,087 / 473,087 / 35,470 / 35,470 / 39,424 / (3,954) / -10% / 473,087
Total Expenditure - Standard / 3 / 16,816,720 / 18,872,759 / 18,872,759 / 1,458,223 / 1,458,223 / 1,572,730 / (114,506) / -7% / 18,872,759
Surplus/ (Deficit) for the year / 1,239,126 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / (18,604) / -11% / 2,030,928

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KZN000 eThekwini - Table C3 Consolidated Monthly Budget Statement - Financial Performance (revenue and expenditure by municipal vote) - M01 July
Vote Description / Ref / 2009/10 / Budget Year 2010/11
[Insert departmental structure etc 3.] / Audited Outcome / Original Budget / Adjusted Budget / Monthly actual / YearTD actual / YearTD budget / YTD variance / YTD variance / Full Year Forecast
R thousands / %
Revenue by Vote / 1
Vote 1 - Office of the City Manager / 806,401 / 123,734 / 123,734 / 767 / 767 / 10,311 / (9,544) / -93% / 123,734
Vote 2 - Treasury / 6,416,917 / 6,408,611 / 6,408,611 / 976,895 / 976,895 / 534,051 / 442,844 / 83% / 6,408,611
Vote 3 - Governance / 3,401 / 4,531 / 4,531 / 144 / 144 / 378 / (233) / -62% / 4,531
Vote 4 - Corporate and Human Resources / 17,016 / 15,300 / 15,300 / 0 / 0 / 1,275 / (1,275) / -100% / 15,300
Vote 5 - Sustainable Development & City Enterprises / 110,048 / 175,859 / 175,859 / 4,115 / 4,115 / 14,655 / (10,540) / -72% / 175,859
Vote 6 - Safety and Security / 113,738 / 197,970 / 197,970 / 10,878 / 10,878 / 16,498 / (5,619) / -34% / 197,970
Vote 7 - Health and Social Services / 77,598 / 81,432 / 81,432 / 2,571 / 2,571 / 6,786 / (4,215) / -62% / 81,432
Vote 8 - Procurement and Infrastructure / 1,713,675 / 3,261,373 / 3,261,373 / 53,081 / 53,081 / 271,781 / (218,701) / -80% / 3,261,373
Vote 9 - Electricity / 6,006,290 / 7,594,206 / 7,594,206 / 586,709 / 586,709 / 632,851 / (46,141) / -7% / 7,594,206
Vote 10 - Water / 2,330,367 / 2,632,568 / 2,632,568 / 180,823 / 180,823 / 219,381 / (38,557) / -18% / 2,632,568
Vote 11 - Formal Housing / 217,324 / 52,136 / 52,136 / 2,770 / 2,770 / 4,345 / (1,575) / -36% / 52,136
Vote 12 - Market / 137 / 57,519 / 57,519 / 172 / 172 / 4,793 / (4,621) / -96% / 57,519
Vote 13 - Airport / 5,157 / 4,709 / 4,709 / 293 / 293 / 392 / (100) / -25% / 4,709
Vote 14 - I.C.C. Durban (PTY) Limited / 112,350 / 145,614 / 145,614 / 10,274 / 10,274 / 12,135 / (1,861) / -15% / 145,614
Vote 15 - Durban Marine Theme Park (PTY) LTD / 125,425 / 148,125 / 148,125 / 8,383 / 8,383 / 12,344 / (3,961) / -32% / 148,125
Total Revenue by Vote / 2 / 18,055,845 / 20,903,687 / 20,903,687 / 1,837,876 / 1,837,876 / 1,741,974 / 95,902 / 0 / 20,903,687
Expenditure by Vote / 1
Vote 1 - Office of the City Manager / 612,604 / 709,599 / 709,599 / 80,936 / 80,936 / 59,133 / 21,802 / 37% / 709,599
Vote 2 - Treasury / 1,340,881 / 1,691,460 / 1,691,460 / 88,653 / 88,653 / 140,955 / (52,302) / (0) / 1,691,460
Vote 3 - Governance / 280,950 / 335,436 / 335,436 / 19,326 / 19,326 / 27,953 / (8,627) / (0) / 335,436
Vote 4 - Corporate and Human Resources / 231,637 / 280,689 / 280,689 / 18,084 / 18,084 / 23,391 / (5,306) / (0) / 280,689
Vote 5 - Sustainable Development & City Enterprises / 406,872 / 444,680 / 444,680 / 38,967 / 38,967 / 37,057 / 1,910 / 0 / 444,680
Vote 6 - Safety and Security / 801,113 / 865,810 / 865,810 / 86,031 / 86,031 / 72,151 / 13,881 / 0 / 865,810
Vote 7 - Health and Social Services / 1,347,396 / 1,471,854 / 1,471,854 / 101,394 / 101,394 / 122,655 / (21,261) / (0) / 1,471,854
Vote 8 - Procurement and Infrastructure / 3,380,087 / 3,479,237 / 3,479,237 / 248,968 / 248,968 / 289,936 / (40,968) / (0) / 3,479,237
Vote 9 - Electricity / 5,121,952 / 6,701,177 / 6,701,177 / 707,545 / 707,545 / 558,431 / 149,114 / 0 / 6,701,177
Vote 10 - Water / 2,588,044 / 2,388,267 / 2,388,267 / 24,257 / 24,257 / 199,022 / (174,766) / (0) / 2,388,267
Vote 11 - Formal Housing / 345,666 / 87,214 / 87,214 / 13,076 / 13,076 / 7,268 / 5,808 / 0 / 87,214
Vote 12 - Market / 31,676 / 43,237 / 43,237 / 2,243 / 2,243 / 3,603 / (1,360) / (0) / 43,237
Vote 13 - Airport / 4,587 / 5,275 / 5,275 / 182 / 182 / 440 / (257) / (0) / 5,275
Vote 14 - I.C.C. Durban (PTY) Limited / 161,543 / 185,134 / 185,134 / 16,191 / 16,191 / 15,428 / 763 / 0 / 185,134
Vote 15 - Durban Marine Theme Park (PTY) LTD / 161,712 / 183,690 / 183,690 / 12,370 / 12,370 / 15,308 / (2,938) / -19% / 183,690
Total Expenditure by Vote / 2 / 16,816,720 / 18,872,759 / 18,872,759 / 1,458,223 / 1,458,223 / 1,572,730 / (114,507) / -7% / 18,872,759
Surplus/ (Deficit) for the year / 2 / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / (18,604) / -11% / 2,030,928

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KZN000 eThekwini - Table C4 Consolidated Monthly Budget Statement - Financial Performance (revenue and expenditure) - M01 July
Description / Ref / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / Monthly actual / YearTD actual / YearTD budget / YTD variance / YTD variance / Full Year Forecast
R thousands / %
Revenue By Source
Property rates / 4,300,496 / 4,062,100 / 4,062,100 / 358,970 / 358,970 / 338,508 / 20,462 / 6% / 4,062,100
Property rates - penalties & collection charges / 150,686 / 150,752 / 150,752 / 14,146 / 14,146 / 12,563 / 1,583 / 13% / 150,752
Service charges - electricity revenue / 5,761,755 / 7,279,142 / 7,279,142 / 573,586 / 573,586 / 606,595 / (33,009) / -5% / 7,279,142
Service charges - water revenue / 1,877,151 / 2,091,742 / 2,091,742 / 161,261 / 161,261 / 174,312 / (13,051) / -7% / 2,091,742
Service charges - sanitation revenue / 68,138 / 590,857 / 590,857 / 13,160 / 13,160 / 49,238 / (36,078) / -73% / 590,857
Service charges - refuse revenue / 342,789 / 359,620 / 359,620 / 30,410 / 30,410 / 29,968 / 442 / 1% / 359,620
Service charges - other / 124,137 / 162,623 / 162,623 / 8,409 / 8,409 / 13,552 / (5,143) / -38% / 162,623
Rental of facilities and equipment / 281,504 / 382,697 / 382,697 / 15,745 / 15,745 / 31,891 / (16,146) / -51% / 382,697
Interest earned - external investments / 194,341 / 176,223 / 176,223 / 8,260 / 8,260 / 14,685 / (6,425) / -44% / 176,223
Interest earned - outstanding debtors / 97,787 / 113,244 / 113,244 / 6,919 / 6,919 / 9,437 / (2,518) / -27% / 113,244
Dividends received / – / – / – / – / – / – / – / –
Fines / 79,391 / 161,249 / 161,249 / 8,972 / 8,972 / 13,437 / (4,465) / -33% / 161,249
Licences and permits / 27,914 / 27,408 / 27,408 / 2,010 / 2,010 / 2,284 / (274) / -12% / 27,408
Agency services / – / – / – / – / – / – / – / –
Transfers recognised - operational / 1,435,598 / 1,595,398 / 1,595,398 / 589,389 / 589,389 / 132,950 / 456,439 / 343% / 1,595,398
Other revenue / 1,346,957 / 1,657,202 / 1,657,202 / 46,639 / 46,639 / 138,100 / (91,461) / -66% / 1,657,202
Gains on disposal of PPE / 22,503 / 23,010 / 23,010 / – / – / 1,918 / (1,918) / -100% / 23,010
Total Revenue (excluding capital transfers and contributions) / 16,111,147 / 18,833,267 / 18,833,267 / 1,837,876 / 1,837,876 / 1,569,439 / 268,437 / 17% / 18,833,267
Expenditure By Type
Employee related costs / 4,722,734 / 5,117,327 / 5,117,327 / 403,846 / 403,846 / 426,444 / (22,597) / -5% / 5,117,327
Remuneration of councillors / 71,942 / 74,839 / 74,839 / 5,422 / 5,422 / 6,237 / (815) / -13% / 74,839
Debt impairment / 316,883 / 359,935 / 359,935 / (58,035) / (58,035) / 29,995 / (88,030) / -293% / 359,935
Depreciation & asset impairment / 1,457,880 / 1,494,911 / 1,494,911 / 124,460 / 124,460 / 124,576 / (116) / 0% / 1,494,911
Finance charges / 694,757 / 896,381 / 896,381 / 46,070 / 46,070 / 74,698 / (28,629) / -38% / 896,381
Bulk purchases / 4,560,927 / 5,756,228 / 5,756,228 / 566,532 / 566,532 / 479,686 / 86,846 / 18% / 5,756,228
Other materials / 264,535 / 264,535 / – / – / 22,045 / (22,045) / -100% / 264,535
Contracted services / 752,884 / 2,223,781 / 2,223,781 / 35,631 / 35,631 / 185,315 / (149,684) / -81% / 2,223,781
Transfers and grants / 152,574 / 159,516 / 159,516 / 12,770 / 12,770 / 13,293 / (523) / -4% / 159,516
Other expenditure / 4,075,239 / 2,524,106 / 2,524,106 / 321,527 / 321,527 / 210,342 / 111,185 / 53% / 2,524,106
Loss on disposal of PPE / 10,900 / 1,200 / 1,200 / – / – / 100 / (100) / -100% / 1,200
Total Expenditure / 16,816,720 / 18,872,759 / 18,872,759 / 1,458,223 / 1,458,223 / 1,572,730 / (114,507) / -7% / 18,872,759
Surplus/(Deficit) / (705,573) / (39,492) / (39,492) / 379,653 / 379,653 / (3,291) / 153,931 / (0) / (39,492)
Transfers recognised - capital / 1,944,698 / 2,070,420 / 2,070,420 / – / – / 172,535 / 2,070,420
Contributions recognised - capital / – / – / – / – / – / – / –
Contributed assets / – / – / – / – / – / – / –
Surplus/(Deficit) after capital transfers & contributions / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / 2,030,928
Taxation / – / – / – / – / – / – / – / –
Surplus/(Deficit) after taxation / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / 2,030,928
Attributable to minorities / – / – / – / – / – / – / –
Surplus/(Deficit) attributable to municipality / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / 2,030,928
Share of surplus/ (deficit) of associate / – / – / – / – / – / –
Surplus/ (Deficit) for the year / 1,239,125 / 2,030,928 / 2,030,928 / 379,653 / 379,653 / 169,244 / 2,030,928
Total Revenue (excluding capital transfers and contributions) including capital transfers/contributions etc / 18,055,845 / 20,903,687 / 20,903,687 / 1,837,876 / 1,837,876 / 1,741,974 / 20,903,687

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KZN000 eThekwini - Table C5 Consolidated Monthly Budget Statement - Capital Expenditure (municipal vote, standard classification and funding - M01 July
Vote Description / Ref / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / Monthly actual / YearTD actual / YearTD budget / YTD variance / YTD variance / Full Year Forecast
R thousands / 1 / %
Single Year expenditure appropriation / 2
Vote 1 - Office of the City Manager / 1,226,105 / 283,736 / 283,736 / 10,359 / 10,359 / 23,645 / (13,286) / -56% / 283,736
Vote 2 - Treasury / 228,038 / 127,550 / 127,550 / – / – / 10,629 / (10,629) / -100% / 127,550
Vote 3 - Governance / 35,888 / 35,000 / 35,000 / – / – / 2,917 / (2,917) / -100% / 35,000
Vote 4 - Corporate and Human Resources / 8,362 / 16,472 / 16,472 / – / – / 1,373 / (1,373) / -100% / 16,472
Vote 5 - Sustainable Development & City Enterprises / 303,388 / 206,605 / 206,605 / 238 / 238 / 17,217 / (16,979) / -99% / 206,605
Vote 6 - Safety and Security / 62,559 / 44,000 / 44,000 / – / – / 3,667 / (3,667) / -100% / 44,000
Vote 7 - Health and Social Services / 69,656 / 76,050 / 76,050 / – / – / 6,338 / (6,338) / -100% / 76,050
Vote 8 - Procurement and Infrastructure / 2,658,492 / 2,880,862 / 2,880,862 / 3,325 / 3,325 / 240,072 / (236,747) / -99% / 2,880,862
Vote 9 - Electricity / 555,552 / 868,830 / 868,830 / 23,947 / 23,947 / 72,403 / (48,456) / -67% / 868,830
Vote 10 - Water / 1,517,979 / 823,067 / 823,067 / 8,476 / 8,476 / 68,589 / (60,113) / -88% / 823,067
Vote 11 - Formal Housing / 34,653 / – / – / – / – / – / – / –
Vote 12 - Market / 2,170 / 8,400 / 8,400 / 3 / 3 / 700 / (697) / -100% / 8,400
Vote 13 - Airport / – / – / – / – / – / – / – / –
Vote 14 - I.C.C. Durban (PTY) Limited / 4,809 / 10,000 / 10,000 / – / – / 833 / (833) / -100% / 10,000
Vote 15 - Durban Marine Theme Park (PTY) LTD / 33,309 / 3,886 / 3,886 / 358 / 358 / 324 / 34 / 11% / 3,886
Total Capital single-year expenditure / 4 / 6,740,960 / 5,384,458 / 5,384,458 / 46,706 / 46,706 / 448,705 / (401,999) / -90% / 5,384,458
Total Capital Expenditure / 6,740,960 / 5,384,458 / 5,384,458 / 46,706 / 46,706 / 448,705 / (401,999) / -90% / 5,384,458
Capital Expenditure - Standard Classification
Governance and administration / 253,027 / 287,472 / 287,472 / (1) / (1) / 23,956 / (23,957) / -100% / 287,472
Executive and council / 29,960 / 35,000 / 35,000 / – / – / 2,917 / (2,917) / -100% / 35,000
Budget and treasury office / 104,958 / 236,000 / 236,000 / (1) / (1) / 19,667 / (19,668) / -100% / 236,000
Corporate services / 118,109 / 16,472 / 16,472 / – / – / 1,373 / (1,373) / -100% / 16,472
Community and public safety / 1,416,712 / 1,302,750 / 1,302,750 / – / – / 108,563 / (108,563) / -100% / 1,302,750
Community and social services / 43,950 / 52,200 / 52,200 / – / – / 4,350 / (4,350) / -100% / 52,200
Sport and recreation / 10,094 / 15,350 / 15,350 / – / – / 1,279 / (1,279) / -100% / 15,350
Public safety / 56,841 / 44,000 / 44,000 / – / – / 3,667 / (3,667) / -100% / 44,000
Housing / 1,301,768 / 1,182,700 / 1,182,700 / – / – / 98,558 / (98,558) / -100% / 1,182,700
Health / 4,059 / 8,500 / 8,500 / – / – / 708 / (708) / -100% / 8,500
Economic and environmental services / 1,892,548 / 1,372,662 / 1,372,662 / 12,442 / 12,442 / 114,389 / (101,947) / -89% / 1,372,662
Planning and development / 950,058 / 405,841 / 405,841 / 10,753 / 10,753 / 33,820 / (23,067) / -68% / 405,841
Road transport / 942,080 / 964,821 / 964,821 / 1,684 / 1,684 / 80,402 / (78,718) / -98% / 964,821
Environmental protection / 410 / 2,000 / 2,000 / 5 / 5 / 167 / (162) / -97% / 2,000
Trading services / 2,509,004 / 2,398,288 / 2,398,288 / 33,904 / 33,904 / 199,857 / (165,953) / -83% / 2,398,288
Electricity / 515,801 / 868,830 / 868,830 / 23,947 / 23,947 / 72,403 / (48,456) / -67% / 868,830
Water / 1,479,465 / 823,067 / 823,067 / 8,476 / 8,476 / 68,589 / (60,113) / -88% / 823,067
Waste water management / 417,307 / 598,691 / 598,691 / 1,481 / 1,481 / 49,891 / (48,410) / -97% / 598,691
Waste management / 96,431 / 107,700 / 107,700 / – / – / 8,975 / (8,975) / -100% / 107,700
Other / 669,669 / 23,286 / 23,286 / 361 / 361 / 1,941 / (1,580) / -81% / 23,286
Total Capital Expenditure - Standard Classification / 3 / 6,740,960 / 5,384,458 / 5,384,458 / 46,706 / 46,706 / 448,705 / (401,999) / -90% / 5,384,458
Funded by:
National Government / 1,569,979 / 1,160,420 / 1,160,420 / – / – / 96,702 / (96,702) / -100% / 1,160,420
Provincial Government / 911,000 / 910,000 / 910,000 / – / – / 75,833 / (75,833) / -100% / 910,000
District Municipality / – / – / – / – / – / – / – / –
Other transfers and grants / 29,491 / – / – / – / – / – / – / –
Transfers recognised - capital / 2,510,470 / 2,070,420 / 2,070,420 / – / – / 172,535 / (172,535) / -100% / 2,070,420
Public contributions & donations / 5 / 5,000 / – / – / – / – / – / – / –
Borrowing / 6 / 1,800,885 / 2,280,000 / 2,280,000 / – / – / 190,000 / (190,000) / -100% / 2,280,000
Internally generated funds / 2,424,605 / 1,034,038 / 1,034,038 / 46,706 / 46,706 / 86,170 / (39,464) / -46% / 1,034,038
Total Capital Funding / 6,740,960 / 5,384,458 / 5,384,458 / 46,706 / 46,706 / 448,705 / (401,999) / -90% / 5,384,458
20,903,687
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KZN000 eThekwini - Table C6 Consolidated Monthly Budget Statement - Financial Position - M01 July
Description / Ref / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / YearTD actual / Full Year Forecast
R thousands / 1
ASSETS
Current assets
Cash / 2,700,191 / 826,677 / 826,677 / 1,814,129 / 826,677
Call investment deposits / 1,527,309 / 2,709,100 / 2,709,100 / 1,174,467 / 2,709,100
Consumer debtors / 2,522,954 / 2,866,074 / 2,866,074 / 2,866,074 / 2,866,074
Other debtors / 2,220,406 / 3,065,698 / 3,065,698 / 3,065,698 / 3,065,698
Current portion of long-term receivables / 13,955 / 11,304 / 11,304 / 11,304 / 11,304
Inventory / 229,245 / 256,760 / 256,760 / 227,248 / 256,760
Total current assets / 9,214,060 / 9,735,613 / 9,735,613 / 9,158,920 / 9,735,613
Non current assets
Long-term receivables / 915,012 / 969,692 / 969,692 / 732,449 / 969,692
Investments / 327,044 / – / – / – / –
Investment property / 367,014 / 389,141 / 389,141 / 377,502 / 389,141
Investments in Associate / 707,403 / 707,389 / 707,389 / 864,492 / 707,389
Property, plant and equipment / 25,251,546 / 32,451,333 / 32,451,333 / 32,451,333 / 32,451,333
Agricultural / – / – / – / – / –
Biological assets / – / – / – / – / –
Intangible assets / 343,623 / 469,523 / 469,523 / 298,467 / 469,523
Other non-current assets / 156,851 / 156,851 / 156,851 / 156,851 / 156,851
Total non current assets / 28,068,493 / 35,143,929 / 35,143,929 / 34,881,094 / 35,143,929
TOTAL ASSETS / 37,282,553 / 44,879,542 / 44,879,542 / 44,040,014 / 44,879,542
LIABILITIES
Current liabilities
Bank overdraft / 2,804,451 / 711,384 / 711,384 / 1,717,016 / 711,384
Borrowing / 524,299 / 624,897 / 624,897 / 524,299 / 624,897
Consumer deposits / 646,579 / 927,338 / 927,338 / 904,565 / 927,338
Trade and other payables / 4,166,244 / 7,149,856 / 7,149,856 / 4,281,264 / 7,149,856
Provisions / 27,138 / 37,560 / 37,560 / 45,107 / 37,560
Total current liabilities / 8,168,711 / 9,451,035 / 9,451,035 / 7,472,251 / 9,451,035
Non current liabilities
Borrowing / 9,287,357 / 11,108,918 / 11,108,918 / 9,812,268 / 11,108,918
Provisions / 1,729,962 / 1,756,506 / 1,756,506 / 1,756,506 / 1,756,506
Total non current liabilities / 11,017,319 / 12,865,424 / 12,865,424 / 11,568,774 / 12,865,424
TOTAL LIABILITIES / 19,186,030 / 22,316,459 / 22,316,459 / 19,041,025 / 22,316,459
NET ASSETS / 2 / 18,096,523 / 22,563,083 / 22,563,083 / 24,998,989 / 22,563,083
COMMUNITY WEALTH/EQUITY
Accumulated Surplus/(Deficit) / 8,106,531 / 9,606,333 / 9,606,333 / 15,060,011 / 9,606,333
Reserves / 9,989,992 / 12,956,750 / 12,956,750 / 9,938,978 / 12,956,750
TOTAL COMMUNITY WEALTH/EQUITY / 2 / 18,096,523 / 22,563,083 / 22,563,083 / 24,998,989 / 22,563,083

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KZN000 eThekwini - Table C7 Consolidated Monthly Budget Statement - Cash Flow - M01 July
Description / Ref / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / Monthly actual / YearTD actual / YearTD budget / YTD variance / YTD variance / Full Year Forecast
R thousands / 1 / %
CASH FLOW FROM OPERATING ACTIVITIES
Receipts
Ratepayers and other / 14,458,75 / 16,465,259 / 16,465,259 / 1,225,130 / 1,225,130 / 1,372,105 / (146,974) / -11% / 16,465,259
Government - operating / 1,435,598 / 1,595,398 / 1,595,398 / 788,026 / 788,026 / 132,950 / 655,076 / 493% / 1,595,398
Government - capital / 1,944,698 / 2,070,420 / 2,070,420 / – / – / 172,535 / (172,535) / -100% / 2,070,420
Interest / 194,341 / 176,366 / 176,366 / – / – / 14,697 / (14,697) / -100% / 176,366
Dividends / – / – / – / – / – / – / – / –
Payments
Suppliers and employees / 14,183,726 / (15,957,161) / (15,957,161) / (1,816,218) / (1,816,218) / (1,329,763) / 486,455 / -37% / (15,957,161)
Finance charges / (694,757) / (896,381) / (896,381) / – / – / (74,698) / (74,698) / 100% / (896,381)
Transfers and Grants / (152,574) / (159,516) / (159,516) / – / – / (13,293) / (13,293) / 100% / (159,516)
NET CASH FROM/(USED) OPERATING ACTIVITIES / 3,002,285 / 3,294,385 / 3,294,385 / 196,938 / 196,938 / 274,532 / (77,594) / -28% / 3,294,385
CASH FLOWS FROM INVESTING ACTIVITIES
Receipts
Proceeds on disposal of PPE / (11,603) / 21,810 / 21,810 / – / – / 1,818 / (1,818) / -100% / 21,810
Decrease (Increase) in non-current debtors / (376) / 55 / 55 / – / – / 5 / (5) / -100% / 55
Decrease (increase) other non-current receivables / (175,496) / 19,837 / 19,837 / – / – / 1,653 / (1,653) / -100% / 19,837
Decrease (increase) in non-current investments / 155,817 / 27,044 / 27,044 / (16,681) / (16,681) / 2,254 / (18,935) / -840% / 27,044
Payments
Capital assets / 6,702,842 / 5,400,459 / 5,400,459 / (856,921) / (856,921) / (450,038) / 406,883 / -90% / (5,400,459)
NET CASH FROM/(USED) INVESTING ACTIVITIES / (6,734,500) / (5,331,713) / (5,331,713) / (873,602) / (873,602) / (444,309) / 429,293 / -97% / (5,331,713)
CASH FLOWS FROM FINANCING ACTIVITIES
Receipts
Short term loans / – / – / – / – / – / – / – / –
Borrowing long term/refinancing / 1,116,512 / 2,280,000 / 2,280,000 / – / – / 190,000 / (190,000) / -100% / 2,280,000
Increase (decrease) in consumer deposits / 70,468 / 114,639 / 114,639 / 513 / 513 / 9,553 / (9,040) / -95% / 114,639
Payments
Repayment of borrowing / (83,646) / (527,123) / (527,123) / – / – / (43,927) / (43,927) / 100% / (527,123)
NET CASH FROM/(USED) FINANCING ACTIVITIES / 1,103,334 / 1,867,516 / 1,867,516 / 513 / 513 / 155,626 / 155,113 / 100% / 1,867,516
NET INCREASE/ (DECREASE) IN CASH HELD / (2,628,881) / (169,812) / (169,812) / (676,151) / (676,151) / (14,151) / (169,812)
Cash/cash equivalents at beginning: / 1,093,931 / 2,982,442 / 2,982,442 / 1,711,251 / 2,982,442 / 1,711,251
Cash/cash equivalents at month/year end: / (1,534,950) / 2,812,630 / 2,812,630 / 1,035,100 / 2,968,291 / 1,541,439

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KZN000 eThekwini - Supporting Table SC2 Monthly Budget Statement - performance indicators - M01 July
Description of financial indicator / Basis of calculation / Ref / 2009/10 / Budget Year 2010/11
Audited Outcome / Original Budget / Adjusted Budget / YearTD actual / Full Year Forecast
Percentage
Borrowing Management
Borrowing to Asset Ratio / Total Long-term Borrowing/ Total Assets / 24.9% / 24.8% / 24.8% / 22.3% / 24.8%
Capital Charges to Operating Expenditure / Interest & principal paid/Operating Expenditure / 12.8% / 12.7% / 12.7% / 11.7% / 12.7%
Borrowed funding of 'own'capital expenditure / Borrowings/Capital expenditure excl. transfers and grants and contributions / 26.7% / 42.3% / 42.3% / 0.0% / 42.3%
Safety of Capital
Debt to Equity / Loans, Creditors, Overdraft & Tax Provision/ Funds & Reserves / 92.7% / 86.8% / 86.8% / 65.3% / 86.8%
Gearing / Long Term Borrowing/ Funds & Reserves / 93.0% / 85.7% / 85.7% / 98.7% / 85.7%
Liquidity
Current Ratio 1 / Current assets/current liabilities / 1 / 112.8% / 103.0% / 103.0% / 122.6% / 103.0%
Liquidity Ratio / Monetary Assets/Current Liabilities / 21.4% / 29.9% / 29.9% / 17.0% / 29.9%
Revenue Management
Longstanding Debtors Reduction Due To Recovery / Debtors > 12 Mths Recovered/Total Debtors >
12 Months Old / 21.8% / 78.9% / 78.9% / 63.9% / 78.9%
Creditors Management
Creditors System Efficiency / % of Creditors Paid Within Terms (within MFMA s 65(e)) / 100.0% / 100.0% / 100.0% / 100.0% / 100.0%
Other Indicators
Electricity Distribution Losses / % Volume (units purchased and generated less units sold)/units purchased and generated / 2 / 5.0% / 5.0% / 5.0% / 5.0% / 5.0%
Water Distribution Losses / % Volume (units purchased and own source less units sold)/Total units purchased and own source / 2 / 39.0% / 35.0% / 35.0% / 37.5% / 35.0%
Employee costs / Employee costs/Total Revenue - capital revenue / 29.3% / 27.2% / 27.2% / 22.0% / 27.2%
Repairs & Maintenance / R&M/Total Revenue - capital revenue / 10.9% / 11.0% / 11.0% / 7.7% / 11.0%
Interest & Depreciation / I&D/Total Revenue - capital revenue / 13.4% / 12.7% / 12.7% / 9.3% / 12.7%
IDP regulation financial viability indicators
ii. O/S Service Debtors to Revenue / Total outstanding service debtors/annual revenue received for services / 45.1% / 27.7% / 27.7% / 34.7% / 27.7%
iii. Cost coverage / (Available cash + Investments)/monthly fixed operational expenditure / 2.5 / 3.6 / 3.6 / 1.7 / 3.6

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