Umuziwabantu budgets R300m for 2024/2025
The municipality is one of the smallest in the Ugu District, with 11 wards and revenue is collected from only two wards.
The mayor of Umuziwabantu Municipality, Sboniso Zungu, tabled a R300m budget for the 2024/2025 financial year at council chambers last Thursday.
“As part of the turnaround strategy of increasing the revenue for the municipality, we should refrain from funding the budget using our reserves, rather utilise the realistically anticipated revenue to be collected as well as gazetted grants for at least three to five years; this will help us to see an improvement in terms of our financial position.”
Zungu added that the municipality is one of the smallest in the Ugu District, with 11 wards. Also, revenue is collected from only two wards, with the balance being rural areas.
He said the the total operating revenue has increased by 1.7% for 2024/2025 when compared with the 2023/2024 adjusted budget.
“The capital budget of R28m for 2024/2025 has decreased by 39% or R18 million when compared with the 2023/2024 adjusted budget. This is due to the limited resources, as well as control that the municipality is trying to implement, such as refraining from funding the budget with reserves as it strains our financial status, as our cash-backed funds are gradually decreasing every year.”
Zungu said that the overall operational expenditure has decreased by 6%, and they are unable to increase by CPI due to the cost-cutting measures that have been applied, as their resources are extremely limited.
Furthermore, the repairs and maintenance allocation has increased by 4%.
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