Draft Budget 201011 Submission - 06 May 2010 - PART 1 – ANNUAL BUDGET.docVIP

TABLE OF CONTENTS Section Description Page 1 ANNUAL BUDGET Executive Mayor’s Report 2 Resolutions 2 Executive Summary 3 Annual Budget Tables 13 2 SUPPORTING DOCUMENTATION 14 Overview of annual budget process 14 Overview of alignment of annual budget with Integrated Development Plan 16 Measurable Performance Objectives and Indicators 21 Overview of budget-related policies 22 Overview of budget assumptions 24 Overview of budget funding 25 Allocations and grants made by the municipality 27 Councillor and board member allowances and employee benefits 27 Monthly Targets for Revenue and Expenditure 27 Contracts having future budgetary implications 28 Capital expenditure details 29 Legislation compliance status 31 Other supporting documents 32 Annual budgets of municipal entities attached to the municipalities annual budget 32 Municipal Manager’s quality certification 33 PART 1 – ANNUAL BUDGET EXECUTIVE MAYOR’S REPORT To be tabled in Council under a separate cover. BUDGET RELATED RESOLUTION 2.1 That in terms of Section 24 of the Municipal Finance Management Act, 56 of 2003, the annual budget of the municipality’s Operating Revenue of R3 421,7 million, Operating Expenditure of R3 134,3 million and Capital Expenditure Budget of R 771,5 million for the financial year 2010/11, and indicative allocations for the two projected outer years 2011/12 and 2012/13, be approved as set-out in the following tables: Budgeted Financial Performance (revenue and expenditure by standard classification); - Table A2 Budgeted Financial Performance (revenue and expenditure by municipal vote); -Table A3 Budgeted Financial Performance (revenue by source and expenditure by type); - Table A4 and, Multi-year and single year capital appropriations by municipal vote and standard classification and associated funding by source – Table A5. 2.2 That the financial position, cash flow, cash-backed reserve/accumulated surplus, asset management and bas