executive summary by s7Ac1o7V

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									INGWE MUNICIPALITY 2012/2013 BUDGET

EXECUTIVE SUMMARY


The tabling of 2012/2013 budget is an indicative of Ingwe Municipality’s
commitment to the people of the municipal area ,a totaling of R 117 513 486.82
separated between and operating of R 57 458 262.82 and a capital budget of R
60 055 224.In keeping with the Municipality’s commitment towards financial
viability and sustainability combined with fiscal stability and improved quality of
life for all our citizens, Ingwe Municipality represents a balance between the
needs of the community ,affordability and sustainability.

The medium term budget posed many challenges, which had to be addressed
and overcome against the limitation of resources and vast priorities. This budget
has been prepared in terms of guidelines as contained in National Treasury’s
MFMA circular 58 and circular 59 which has guided the preparation of this budget
conscious of service delivery that is both tangible sustainable and reflects value
for the citizens whether in the long run or short run.

Hereunder is a summary of the approved budget:

BUDGET PER MUNICIPAL VOTE

Description                      Revenue             Operating           Capital Budget
                                                     Budget
Executive and Council            R0                  R 13 238 024.55     R0
Budget and Treasury              R 57 458 262.82     R 17 532 013.60     R0
Infrastructure Planning          R 60 055 224.00     R 10 428 833.60     R60 055 224.00
Corporate &Social Services                           R 8 029 381.10      R0
Community Development                                R 8 230 010.78      R0

TOTAL                            R 117 513 486.82    R 57 458 262.80 R60 055 224.00


FUNDING THE CAPITAL BUDGET

Description                                Amount
Municipal Infrastructure Grant             R 20 099 000.00
Internal Funding                           R 11 416 960.00
Electrification Projects                   R 9 000 000.00
Housing                                    R 19 539 264.00

TOTAL                                      R 60 055 224.00

								
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