The following table is a summary of the 2018/19 MTREF (classified by main revenue source): Table 2 Summary of revenue classified by main revenue source In line with the formats prescribed by the Municipal Budget and Reporting Regulations, capital transfers and contributions are excluded from the operating statement, as inclusion of these revenue sources would distort the calculation of the operating surplus/deficit. Plans are in place to address the lack of revenue collected and improve the collection rate. The increase in outer years can be mainly attributed to the increased share that the sale of electricity contributes to the total revenue mix, which in turn is due to rapid increases in the Eskom tariffs for bulk electricity. The above table excludes revenue foregone arising from discounts and rebates associated with the tariff policies of the Municipality. There is an urgent need to review the tariffs on services to reflect an effective and market related tariff that is sustainable. Table 3 Operating Transfers and Grant Receipts NC064 Kamiesberg - Supporting Table SA18 Transfers and grant receipts 2018/19 Medium Term Revenue & Description 2014/15 2015/16 2016/17 Current Year 2017/18 Expenditure Framework Budget Budget Budget Audited Audited Audited Original Adjusted Full Year R thousand Year Year +1 Year +2 Outcome Outcome Outcome Budget Budget Forecast 2018/19 2019/20 2020/21 1, RECEIPTS: 2 Operating Transfers and Grants 20 20 20 24 25 28 National Government: – – – 185 185 185 883 385 118 18 18 18 20 22 24 Local Government Equitable Share 175 175 175 768 505 106 2 2 2 2 2 3 Finance Management 010 010 010 415 880 312 Integrated National Electrification Programme 700 – 700 1 EPWP Incentive 000 20 20 20 24 25 28 Total Operating Transfers and Grants 5 – – – 185 185 185 883 385 118 Capital Transfers and Grants
The following table is a summary of the 2018/19 MTREF (classified by main revenue source): Table 2 Summary of revenue classified by main revenue source In line with the formats prescribed by the Municipal Budget and Reporting Regulations, capital transfers and contributions are excluded from the operating statement, as inclusion of these revenue sources would distort the calculation of the operating surplus/deficit. Plans are in place to address the lack of revenue collected and improve the collection rate. The increase in outer years can be mainly attributed to the increased share that the sale of electricity contributes to the total revenue mix, which in turn is due to rapid increases in the Eskom tariffs for bulk electricity. The above table excludes revenue foregone arising from discounts and rebates associated with the tariff policies of the Municipality. There is an urgent need to review the tariffs on services to reflect an effective and market related tariff that is sustainable. Table 3 Operating Transfers and Grant Receipts NC064 Kamiesberg - Supporting Table SA18 Transfers and grant receipts Description 2014/15 2015/16 2016/17 Current Year 2017/18 2018/19 Medium Term Revenue & Expenditure Framework R thousand Audited Outcome Audited Outcome Audited Outcome Original Budget Adjusted Budget Full Year Forecast Budget Year 2018/19 Budget Year +1 2019/20 Budget Year +2 2020/21 RECEIPTS: 1, 2 Operating Transfers and Grants National Government: – – – 20 185 20 185 20 185 24 883 25 385 28 118 Local Government Equitable Share 18 175 18 175 18 175 20 768 22 505 24 106 Finance Management 2 010 2 010 2 010 2 415 2 880 3 312 Integrated National Electrification Programme 700 – 700 EPWP Incentive 1 000 Total Operating Transfers and Grants 5 – – – 20 185 20 185 20 185 24 883 25 385 28 118 Capital Transfers and Grants
FINAL-ANNUAL-BUDGET-18-19.docx