2019/20 final budget summary

The total budget for 2019-2019 financial will be R566, 6 million with a R64, million increase from adjustments budget 2018/19, for the operating expenditure budget a R45,6 million increase and R18, 3 million increase for the capital budget.

All charges excluding electricity and Refuse are proposed to increase by 5% for the 2019/20 financial year, proposed to start 1 July 2019.

Property rates tariff is proposed to increase by 5% for the 2019/20 financial year as follows:   

The electricity tariff is proposed to increase by 13% as per the NERSA guideline.

Refuse tariffs are proposed to increase by 7% and all other tariffs are proposed to increase by 5%.

The 2019/2020 and outer years 2020/2021 and 2021/2022 is explained as follows:

Operating Revenue by source of R505, 351, 549. Operating Expenditure by source of R388, 292, 102. Capital Expenditure by source and municipal vote of R178, 384, 250.

The Mayor concluded by sending a message of hope to the people of Matatiele saying “in spite of the challenges that we are facing as Matatiele Local Municipality, including the state of roads, electricity, potholes and refuse removal we are today saying a new dawn has come and we will indeed take necessary measures to ensure that today is better than yesterday and tomorrow will be better than today,” he said.