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George Local Municipality (WC044)

Financial Results

All values: R'0002025/262024/252023/242022/232021/22
AUDIT OUTCOME n/aClean auditClean auditClean auditClean audit
FINANCIAL PERFORMANCE
Property rates516 204478 380443 330384 703347 220
Service charges1 923 0831 713 2131 481 3241 296 5121 221 984
Investment revenue88 915116 822100 63260 65915 419
Transfers recognised - operational744 761705 334686 499644 948570 643
Other own revenue316 387345 867276 584301 310262 104
Total Revenue (excluding capital transfers and contributions)3 589 3513 359 6172 988 3692 688 1312 417 370
Employee costs765 332720 226670 061645 081599 156
Remuneration of councillors31 95527 69725 56425 55723 783
Depreciation and amortisation292 567283 029216 787188 175166 335
Finance charges140 67383 07164 22845 06536 701
Inventory consumed and bulk purchases1 114 0361 019 051912 397729 898696 851
Transfers and subsidies115 449103 41585 76545 75787 691
Other expenditure1 250 7401 138 744967 643995 792783 095
Total Expenditure3 710 7523 375 2352 942 4462 675 3242 393 613
Surplus/(Deficit)(121 402)(15 619)45 92312 80723 757
Transfers and subsidies - capital (monetary allocations)395 378952 679575 669400 438214 630
Transfers and subsidies - capital (in-kind)----58
Surplus/(Deficit) after capital transfers & contributions273 976937 060621 592413 245238 445
Income Taxn/an/an/an/an/a
Surplus/(Deficit) after Income Taxn/an/an/an/an/a
Share of surplus/(deficit) of associate-----
Surplus/(Deficit) for the year273 976937 060621 592413 245238 445
CAPITAL EXPENDITURE & FUNDS SOURCES
Capital expenditure107 2161 401 167948 498722 909452 598
Transfers recognised - capital281870 303523 249200 796195 852
Borrowing62 813457 417284 043234 206124 294
Internally generated funds44 12173 448141 206(90 137)132 452
Total sources of capital funds107 2161 401 167948 498344 865452 598
FINANCIAL POSITION
Total current assets1 622 5051 708 5981 611 7461 097 787853 652
Total non current assets6 569 6215 928 3774 821 5664 029 0453 490 639
Total current liabilities827 2471 174 3301 260 9431 128 562746 025
Total non current liabilities1 808 8731 216 027727 197178 250189 947
Community wealth/Equity5 519 4636 045 9054 445 1723 817 6243 408 319
CASH FLOWS
Net cash from (used) operating1 566 3496 949 0787 336 5815 041 0243 645 685
Net cash from (used) investing(1 155 268)(715 683)(405 293)(700 371)(13 965)
Net cash from (used) financing916345 4345 418(49 387)(39 209)
Cash/cash equivalents at the year end1 739 5547 935 8487 780 5854 883 7984 062 132
UNAUTHORISED, IRREGULAR, FRUITLESS & WASTEFUL EXPENDITURE
Unauthorised expendituren/a27 44031 271-3 288
Irregular expendituren/a59 98240 04217315 382
Fruitless & wasteful expendituren/a254--729
SOURCEAudited Outcome
A1 2027 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2026 Q1
Audited Outcome
A1 2024

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.
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