Nelson Mandela Bay Municipality’s healthy financial position received a major
thumbs up from all corners including opposition parties amid frank discussions
on how to improve the overall performance of the institution at a joint sitting
of the Budget & Treasury and Mayoral Committees today.
sitting, convened to consider the Adjustments Budget for 2015/2016, noted with
appreciation that the cash position of the Nelson Mandela Bay Municipality
improved by R163.9 million from R1,19 billion in the original 2015/16 budget to
R1,36 billion in the Consolidated Adjustments budget which includes the
municipal entity (MBDA).
This shows that the budget is funded and a
commitment was made that the municipality will have to maintain and improve on
its efforts to enforce strict cash flow management and continuous
addition to this, the total expenditure of the institution increased with 5.7%
from R8,82 billion in the original 2015/2016 budget to R9,32 billion.
Executive Mayor Bicks Ndoni said: "The figures indicate that we are turning a
corner and must commend our senior management for their role to make this
possible. We need to maintain our revenue collection rate of 92% and must
improve on it”.
presentation to council Nelson Mandela Bay Municipality Chief Financial Officer,
Mr Trevor Harper, gave an undertaking that the current collection rate will be
improved on, citing a target of 96% as a result of certain interventions that
are being implemented in this regard.
Adjustments Budget will now be tabled for consideration at a full sitting of
Council on Monday, 22 February and the lifting of a moratorium on the filling of
critical vacancies (as imposed by a council decision in June last year) will
also be considered.
on behalf of the Nelson Mandela Bay Municipality by Acting Communications
Director, Kupido Baron (082 780 2726 / 041 506 1500 / firstname.lastname@example.org).