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Eastern Cape Province 2007/08 Expenditure Report on Q2 Conditional Grants & Infrastructure

Eastern Cape Province 2007/08 Expenditure Report on Q2 Conditional Grants & Infrastructure. Presentation by: W.H. Nel MEC for Finance (06 November 2007, Cape Town). Purpose. Budget Summary. Conditional Grants. Infrastructure. Expenditure trends on Conditional Grants. Discussion.

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Eastern Cape Province 2007/08 Expenditure Report on Q2 Conditional Grants & Infrastructure

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  1. Eastern Cape Province2007/08 Expenditure Report on Q2 Conditional Grants & Infrastructure Presentation by: W.H. Nel MEC for Finance (06 November 2007, Cape Town)

  2. Purpose. Budget Summary. Conditional Grants. Infrastructure. Expenditure trends on Conditional Grants. Discussion. Presentation Outline

  3. Purpose • The purpose of this report is to update the Select Committee on Finance on the second quarter performance of conditional grants and Infrastructure for 200708 financial year.

  4. Budget Summary • For 2007/08 financial year Eastern Cape has a budget of R31, 4 billion, of which: • Of this amount, Conditional Grant accounts for R3, 7 billion and Infrastructure R3, 8 billion.

  5. Conditional Grants • Q1 expenditure stood at R429 million against projections of R749, 7 million, recording an under spending of R320, 7 million. • Q2 expenditure somewhat improves with actual expenditure standing at R822, 2 million against projections of R599, 7 million, thus leading to an over expenditure of R222, 5 million.

  6. Infrastructure. • On a month-to-month basis, actual expenditure significantly increased in the reporting period. In the month of April for example, actual spending stood at R91, 9 million and increased to R98, 5 million in May. • In June the figure increased to R252 million, and again to R311, 8 million in July. In the month of August the figure increased to R365 million. • In the month of September the expenditure on infrastructure further increased to R377, 6 million. With regard to the under expenditure amount of R404, 8 million, the bulk of this total amount (R240, 2 million) relates to the Department of Education under-spending.

  7. Conditional Grants: Actual Expenditure

  8. Conditional Grants: Projected & Actual Expenditure

  9. Expenditure trends: Under expenditure

  10. Infrastructure Expenditure

  11. RECOMMENDATIONS AND WAY FORWARD • The following proposed steps to be taken to further improve the overall conditional grants spending in the Province: • Proper strategic planning; • Better alignment of budget with targets set out in the strategic plan; • Project design is properly done resulting in achievable cashflows; • Multi year commitments are planned and budgeted for; and • Better spending on planning budgets that would be continually monitored.

  12. THANK YOU

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