quarterly-consolidated-statement-on-municipal-finances-per-s71-7-of-the-mfma-q3-2024-25.pdf

Summary

The document presents a comprehensive financial summary compiled by the Western Cape Provincial Treasury detailing the consolidated budgetary performance of its municipalities. This Quarterly Consolidated Statement adheres to the Local Government: Municipal Finance Management Act (MFMA) requirements by summarizing fiscal activities for the third quarter of the 2024/25 financial year, ending March 31, 2025. Aggregate data indicates that municipalities achieved 71.9 per cent of total adjusted revenue and 63.7 per cent of total expenditure during this period. The report highlights an underperformance in capital spending, which reached only 48.9 per cent of the aggregated budget, despite overall operating expenditure increasing year-on-year. Furthermore, municipalities face substantial financial risks, characterized by aggregated consumer debtors totalling R15.67 billion, most of which is owed by residential households. Finally, the Provincial Treasury noted ongoing data quality issues in municipal financial submissions and affirmed its commitment to providing support to ensure credible reporting.