Cacadu District Municipality budget approved
At the most recent council meeting (26 May 2010) of the Cacadu District Municipality, Mayor Mvoko presented the budget and IDP to all concerned. An extract of his speech follows below:
The IDP, is the District’s 5 year plan that guides development and service delivery. The IDP is based on the needs of the community and the district stakeholders and should respond to the challenges of economic growth, infrastructure and poverty in the district. The IDP outlines the 5 year strategic objectives, key performance indicators and targets programmes and the delivery agenda for the year ahead. The IDP also provides an overview of intergovernmental alignment, summarises the Spatial Developmental Framework and outlines the Performance Management System.
In 2007, we approved a 5 year IDP for the 2007 – 2011 electoral term. The Municipal System Act requires us to review the IDP annually, taking into account an assessment of performance as well as changes in priorities and external circumstances. The CDM has identified a number of key IDP interventions. These represent flagship programmes that will accelerate the achievement of the principles contained in our Growth and Development Strategy.
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Building sound relationships with Local Municipalities;
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Revitalising local government support and capacity building;
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Launch district wide initiatives to address the water crises; and
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Strengthen the Cacadu District Municipality’s role as a facilitator of inter governmental and stakeholders co-ordination.
The financial position of the Cacadu District Municipality is still strong, although it has a weak taxbase. The Municipality achieved unqualified audit reports in 2006/7, 2007/2008 and 2008/2009 financial years reflecting the drive towards financial management excellence. In the 2008/09 financial year the Municipality achieved a spending of R237.0 million of the total capital and operating budget. The overall forecasted financial performance results for the 2009/2010 year reflect a forecasted total spending of R413.9 million and operating surplus of R10,7 million.
This year we are tabling a budget amounting to R279.4 million which represents a decrease of 36% over the 2009/2010 financial year adjusted budget. The decrease is mainly due to the conditional grant funds which targeting flood damaged areas in KouKamma Local Municipality, which were spent in the previous financial year.
The Budget is more than a mere balancing of available revenue to meet expenditure needs. The budget is a policy instrument which seeks to transform our society with huge developmental needs.
Click on http://www.cacadu.co.za/municipality/document_library/1/ for the complete budget in PDF.
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