Medium Term Revenue and Expenditure Framework 2016/17 – 2018/19
The 2016/17 MTREF budget is prepared in compliance with the MFMA (No 56 of 2003). The MTREF is a financial plan that enables the municipality to achieve its vision and mission through the IDP Strategy which is informed by the development agenda and community/stakeholder inputs.
The budget serves to bring to light the current council developmental priorities as outlined below:
- Poverty reduction, job creation , rural and economic development
- Financial sustainability
- Spatial development and the built environment
- Eradication of bucket system, VIP toilets in Bloemfontein, Bloemspruit, Botshabelo and Thaba Nchu, as well as roads and the ageing infrastructure.
- Human settlements
- Public transport
- Environment management and climate change
- Social and community services
- Good governance
The outcome of the municipal actual performance against the 2013/14 budget can be summarised as follows:
The actual revenue realised was at 84.51% of the adjusted revenue budget of R 5,781 billion. The actual expenditure incurred for the year was at 95% of the adjustment budget amount of R 5,581 billion. The resultant outcome was the recorded surplus of R 954,402 million for the year, as against the budgeted surplus of R 1,236 billion.
The municipality has maintained an actual spending level of 103.56% against the approved budget over the past five (5) years. The average spending in terms of the adjustment budget is 76.09%, there is thus a need to improve the level of performance on the Adjustment Budget projects. The 2014/15 expenditure on capital budget (86.24%) is the highest over the period of 5 years.