Budget - IDP - SDBIP

Adjustment Budget 2022/2023

Section 28 of the MFMA determines that-
(1) A municipality may revise an approved annual budget through an adjustments budget.
(2)(b) An adjustments budget may appropriate additional revenues that have become available over and above those anticipated in the annual budget, but only to revise or accelerate spending programs already budgeted for.
(2)(c) An adjustments budget may, within a prescribed framework, authorise unforeseeable and unavoidable expenditure recommended by the mayor of the municipality.
(2)(d) An adjustments budget may authorise the utilisation of projected savings in one vote towards spending under another vote.
(2)(g) An adjustments budget may provide for any other expenditure within a prescribed framework.
(3) An adjustments budget must be in a prescribed format.
(4) Only the mayor may table an adjustments budget-in the municipal council, but an adjustments budget in terms of subsection (2)(b) to (g) may only be tabled within any prescribed limitations as to timing and frequency.

Section 23(3) of the Municipal Budget and Reporting Regulations determines that-
If a national or provincial adjustments budget a/locatesor transfers additional revenues to a municipality, the mayor of the municipality must, at the next available council meeting, but within 60 days of the approval of the relevant national or provincial adjustments budget, table an adjustments budget referred to in section(2)(b) of the Act in the municipal council to appropriate these additional revenues. The capital and operational budget have been evaluated and adjusted based on the abovementioned legislative requirements.

That the original budget as approved on 22 June 2022 be adjusted accordingly. Operating Income be decreased by R163,37 million to the revised amount of R8,65 billion. The Operating Expenditure be decreased by R76,14 million to the revised amount of R 8,08 billion. The Capital Expenditure Budget be increased by R28,80 million to the revised amount of R 1,31 billion for the 2022/23 financial year.