RNM adopts 2023/2024 budget
Mzindle said the budget is based on the performances of agency services, interest on investments, interest on receivables, rental of fixed assets, sale of goods and services, fines, penalties and forfeits.
Ray Nkonyeni Municipality‘s adjustment budget showed an increase in both projected revenue and expenditure.
The 2023/24 budget was presented by mayor Zodwa Mzindle at a council meeting on Tuesday morning last week.
The proposed budget is to be adjusted by R25.1 million, which will then be an adjusted operating revenue of R1.276 billion.
Mzindle said the budget is based on the performances of agency services, interest on investments, interest on receivables, rental of fixed assets, sale of goods and services, fines, penalties and forfeits.
The proposed operating expenditure is R1.323 billion which is an increase of R70 million, and a capital revenue of R109.8 million with an increase of R13.2 million.
“The municipality applied for an additional R9, 6 million from the Neighbourhood Development Partnership Grant which has been approved, hence a total of R13.2 million additional capital revenue. The adjusted capital revenue is now R123 million.”
The mayor said that R14.7 million was moved from the operational budget for pothole repairs and R11,5 million reallocated towards capital projects, R7 million towards road reseals and R4,5 million towards the purchase of tipper trucks.
She said the municipality also reduced the capital budget for CCTV camera installations and reallocated the budget towards CCTV maintenance.
Mzindle asked council to also bear in mind Minister of Finance, Enock Godongwana’s words during his presentation of the budget speech.
She told council that when considering the adjustment budget, they must be mindful of the challenges the country is facing which also affects the municipality.
Councillors unanimously adopted the adjustment budget and said they hope that the money will be spent wisely and services be delivered to people.
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