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2013/ 2014 Budget

2013/ 2014 Budget. Content . Budget Overview and process Budget Assumptions Operational budget Capital budget Sensitivity analyses Policies. 1. BUDGET PROCESS OVERVIEW. 2. Budget Assumptions. 6.2% increase provided for Bulk water;

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2013/ 2014 Budget

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  1. 2013/ 2014 Budget

  2. Content • Budget Overview and process • Budget Assumptions • Operational budget • Capital budget • Sensitivity analyses • Policies

  3. 1. BUDGET PROCESS OVERVIEW

  4. 2. Budget Assumptions • 6.2% increase provided for Bulk water; • 7.55% increase provided for Eskom Electricity Bulk purchases; • No external loans will be taken up to fund Capex; • Grants are budgeted in terms of DORA allocations; • Budget is informed by the IDP (needs were identified through a consultation process;

  5. Budget assumptions (continued) Revenue and tariff increase assumptions: • The 2013/14 budget assume a Debtors recovery rate of 98%; • CPIX and affordability taken into account, but is cost reflective; • Electricity = 7.53% (with a free 50 kWh per month to indigent households, which is to be financed from the Equitable share); • Water = 7% (with a free 6 kilolitres per month to indigent households); • Refuse =15% • Rates = 4% (Based on new valuation roll: Although the rate only increase with 4%, the total rates revenue increase with ±8% due to the new valuation roll with increased valuations) • Sewerage = 8% • Sundry tariffs ( Rental of halls, building plan fees, etc.) = 6%

  6. Budget assumptions (continued) Property Rates: Retain the existing principles as contained in thecurrent policy and maintain the income levels and income categories for rebate purposes to pensioners as follows: Monthly IncomeRebate R0 - R3 000 100% R3 001 - R4 200 90% R4 201 - R4 600 80% R4 601 - R5 200 70% R5 201 - R5 800 60% R5 801 - R6 400 50% R6 401 - R7 000 40% R7 001 - R7 500 30% R7 501 - R8 000 20% R8 001 - R8 500 10%

  7. Budget assumptions (continued) Comparison of rate increases from previous year:

  8. 3. Operational budget

  9. Draft Budget Revenue by Source 2013/2014

  10. Estimates per Expenditure Type 2013/2014

  11. 4. CAPITAL BUDGET

  12. Capital budget are funded from:

  13. 5. Sensitivity analysis

  14. Effect of new tariff increases on monthly account

  15. Effect of new tariff increases on monthly account

  16. Effect of new tariff increases on monthly account

  17. Effect of new tariff increases on monthly account

  18. 6. Budget policies for public comment • Supply Chain Management policy • Customer care and management, credit control and debt collection policy • Property rates policy • Tariff policy • Borrowing policy • Cash management and investment policy • Asset management policy • Virement policy • Funding and reserve policy

  19. Dankie! Thank You! • ndiyabulela! • !

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