Debt Management There is a dispute by Leopard Creek Estate To ensure that the Appeal Board 30 June 2015 Debt Management is effectively managed through implementation on the value of properties on the valuation meet 29 April 2015. NKLM: Chief Financial roll. Nonpayment of rates as per the Officer of the debt and credit control valuation roll has led to a large outstanding policy. balance on the debtors’ book. The The dispute is on property rates, National and provincial Valuation Appeal Board is dealing with the the Leopard Creek Estate provides Monthly basis Government Debt: matter. its own basic services. NKLM: Chief Financial Basic Services: (2014)- Officer R2 095 741 (2013)- R2 446 There are other customers who fail to pay 263 their accounts however the credit control Provincial CoGTA to Property Rates: (2014)- policy is effectively implemented. assist in monitoring the R6 124 271, (2013)- R6 332 Valuation Board 242 4.9 Debtors Age The overall debt is improving except There is an objection on the value of the To ensure that the Appeal Board - 30 June 2015 for Leopard Creek Estate currently on Leopard Creek Estate property. meet in order to recover the debt. NKLM: Municipal +120 days on the debtors’ book. (R48 Manager 501 981.76) 4.10 Indigent Policy Indigent policy is in place, indigents The municipality is providing water to Implementation of flat rates that 01 July 2015 are being managed effectively through villages which are receiving free water. will exclude the indigents NKLM: Chief Financial an indigent register Officer The municipality does not have a system To source funds to procure the to detect the accuracy of the information system that will enable the supplied by people registering as indigent. municipality to confirm the validity of information supplied by the people who applied to be indigent. Data cleansing will be required 4.11 Debtor Reconciliations Monthly debtors reconciliations are The municipality does not have challenges being conducted balanced with debtors reconciliations (POE – Debtors list and debtors reconciliation)
Debt Management Debt Management is effectively managed through implementation of the debt and credit control policy. National and provincial Government Debt: Basic Services: (2014)- R2 095 741 (2013)- R2 446 263 Property Rates: (2014)- R6 124 271, (2013)- R6 332 242 There is a dispute by Leopard Creek Estate on the value of properties on the valuation roll. Nonpayment of rates as per the valuation roll has led to a large outstanding balance on the debtors’ book. The Valuation Appeal Board is dealing with the matter. There are other customers who fail to pay their accounts however the credit control policy is effectively implemented. To ensure that the Appeal Board meet 29 April 2015. The dispute is on property rates, the Leopard Creek Estate provides its own basic services. 30 June 2015 NKLM: Chief Financial Officer Monthly basis NKLM: Chief Financial Officer Provincial CoGTA to assist in monitoring the Valuation Board 4.9 Debtors Age The overall debt is improving except for Leopard Creek Estate currently on +120 days on the debtors’ book. (R48 501 981.76) There is an objection on the value of the Leopard Creek Estate property. To ensure that the Appeal Board meet in order to recover the debt. - 30 June 2015 NKLM: Municipal Manager 4.10 Indigent Policy Indigent policy is in place, indigents are being managed effectively through an indigent register The municipality is providing water to villages which are receiving free water. The municipality does not have a system to detect the accuracy of the information supplied by people registering as indigent. Implementation of flat rates that will exclude the indigents To source funds to procure the system that will enable the municipality to confirm the validity of information supplied by the people who applied to be indigent. Data cleansing will be required 01 July 2015 NKLM: Chief Financial Officer 4.11 Debtor Reconciliations Monthly debtors reconciliations are being conducted balanced The municipality does not have challenges with debtors reconciliations (POE – Debtors list and debtors reconciliation)
IDP1617.docx