Expanded Public Works Program(EPWP) 1 308 1 153 1153 1 153 0.00 Library Grant 934 1 413 1 732 934 0.00 Equitable share 20 566 20 652 20 652 20 652 0.00 Total 36 495 35 490 34 559 35 490 0.00 Variances are calculated by dividing the difference between actual and original/adjustments budget by the actual. Conditional grant (excl. MIG) 5.3.3 Level of Reliance on Grants & Subsidies Total grants Total Percentage and subsidies received operating revenue Financial year R’000 % 2014/15 46 023 90 576 50.81 2015/16 42 524 94 562 44.97 Reliance on grants The following graph indicates the municipality’s reliance on grants for the last two financial years: Reliance on grants 5.4 5.4.1 Liquidity Ratio 2014/15 2015/16 Description Basis of calculation Pre-audit outcome Audited outcome Current ratio Current assets/current liabilities 88.6 78.3 Liquidity financial ratio Liquidity ratio 5.4.2 Borrowing Management 2014/15 2015/16 Description Basis of calculation Pre-audit outcome Audited outcome
Expanded Public Works Program(EPWP) 1 308 1 153 1153 1 153 0.00 Library Grant 934 1 413 1 732 934 0.00 Equitable share 20 566 20 652 20 652 20 652 0.00 Total 36 495 35 490 34 559 35 490 0.00 Variances are calculated by dividing the difference between actual and original/adjustments budget by the actual. Conditional grant (excl. MIG) 5.3.3 Level of Reliance on Grants & Subsidies Financial year Total grants and subsidies received Total operating revenue Percentage R’000 % 2014/15 46 023 90 576 50.81 2015/16 42 524 94 562 44.97 Reliance on grants The following graph indicates the municipality’s reliance on grants for the last two financial years: Reliance on grants 5.4 5.4.1 Liquidity Ratio Description Basis of calculation 2014/15 2015/16 Pre-audit outcome Audited outcome Current ratio Current assets/current liabilities 88.6 78.3 Liquidity financial ratio Liquidity ratio 5.4.2 Borrowing Management Description Basis of calculation 2014/15 2015/16 Pre-audit outcome Audited outcome
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