CONSOLIDATED OVERVIEW OF THE 2013/2014 MTREF Total operating revenue has decreased by 15.9 per cent or R54 million for the 2013/14 financial year when compared to the 2012/13 Adjustments Budget. For the two outer years, operational revenue will increase by 10.1 and 13.7 per cent respectively, equating to a total revenue growth of R8 million over the MTREF when compared to the 2012/13 financial year. Total operating expenditure for the 2013/14 financial year has been appropriated at R246, 1 million and translates into a budgeted surplus of R43 million. When compared to the 2012/13 Adjustments Budget, operational expenditure has decreased by 1.6 per cent in the 2013/14 budget and by 3.1 and 7.5 per cent for each of the respective outer years of the MTREF. The operating surplus for the two outer years steadily increases to R65.6 million and then stabilise at R68.9 million. These surpluses will be used to fund capital expenditure and to further ensure cash backing of reserves and funds.
CONSOLIDATED OVERVIEW OF THE 2013/2014 MTREF Total operating revenue has decreased by 15.9 per cent or R54 million for the 2013/14 financial year when compared to the 2012/13 Adjustments Budget. For the two outer years, operational revenue will increase by 10.1 and 13.7 per cent respectively, equating to a total revenue growth of R8 million over the MTREF when compared to the 2012/13 financial year. Total operating expenditure for the 2013/14 financial year has been appropriated at R246, 1 million and translates into a budgeted surplus of R43 million. When compared to the 2012/13 Adjustments Budget, operational expenditure has decreased by 1.6 per cent in the 2013/14 budget and by 3.1 and 7.5 per cent for each of the respective outer years of the MTREF. The operating surplus for the two outer years steadily increases to R65.6 million and then stabilise at R68.9 million. These surpluses will be used to fund capital expenditure and to further ensure cash backing of reserves and funds.
UMTSHEZI-FINAL-SDBIP-2015.docx