ADJUSTMENT BUDGET FOR 2016/2017 FINANCIAL YEAR APPROVED
The Ray Nkonyeni Municipality unanimously approved the 2016/2017 Adjustment Budget of R1, 096. 8 billion at the Council meeting held earlier today.
 
The adjustment of the budget from the original R983, 6 million was mainly as a result of several factors like revenue which has decreased, salaries and allowances due to equalization as a result of amalgamation, contracted services and grants from other spheres of government.
 
When presenting the Adjustment Budget, Her Worship the Mayor highlighted a number of projects allocated to municipal clusters which amount to about R135 million excluding the projects which are regarded as municipal wide projects and departmental capital items. This total budget of R1, 096. 8 is made up of the Operating Budget of R943, 5 million and Capital Budget of R153, 3 million.
 
The Mayor emphasised that the municipality had to keep on soldiering forward to change the lives of the communities for the better even though there are tougher times in terms of economic situation globally. She further emphasised that this budget will go a long way in fulfilling the vision of the Freedom Charter that South Africa belongs to all who lives in it. The Council also felt that this adjustment budget will go a long way in addressing the challenges faced by our communities and bring some dignity in their lives.
 
The detailed adjusted budget of R1, 096. 8 billion will be accessible in the municipal website www.rnm.gov.za
HCM Terms & Conditions | Private Policy | Contact Us | Sign In