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“ene Greater Letaba Municipality Annual Financial Statements for the year ended 30 June 2020 Greater Letaba Municipality Anna Financil Statement forthe ear eided 20 ue 2020 General Information Legal form of entity Loca Municipality of business and principal acti Protding municipal senices and mabianing the bestintrest of = bel carmen miry tthe Cres Lefaba area, Grasing of local authonty Categary 3 Loca Monicigalty in terms ef Remar eaton of public (Offee avers Ack ot 203 86), apoe Non Cle MP Matiou speaker Hon Cir MO Mexnanansa cher hip CrP Mampeuie Members ofthe Exestve Commitee Cle ND Mba Finance) Clit vara ( Sorperate and shared Senicos) CirsaR West ineantuctre). (le T a Rebadalle Water st Sunaion Serves) CIrSiP siseeta( Ezonomic Developme) Cr Seow Communty Senvtes) (rE Mathaba Publ Tanspor ard Roads) Cre Meret Agicuture ara Envronment) CSM Rasetsoe (Sports, Arts end Culture} Greater Letaba Municipality ‘Aru Financial Statement forthe yar ends 30 une 2020 General Informat Counetors Cr A Mangoro Clr Ravothate Ou ssivaley lV Nana Ela Labepe El PS Mohale iris egal lr ME Raletatann Ely Ramoedl Sn KE Ramana ME Masedh ‘it's Setamotea ‘rb Seema Cr MP None (le Wargo ‘eR Raabe (rR Rass Cie Mery lr Wakamene Care Ramat Cur Seba (FB Ngee Grd Setnoka fl SJ Horan Clr MF Hlapane Glee Bay GletdR Wace GieGH Nedaay Cle anesimoss CMEC Nosoala lez alae Gir Ty Sanyo Cir Se Rampyepesi Cle Same, GirSu onal ir totnon: ‘lr Hssesoke lr Konpane le PP lophatara Cle M. Ramaltela ir D Raphlewane Clesis tabeba ‘Adi committe: a axgate(Cratpersen) (Chit Finance Officer {CFO} IML Mamstepa (Acting 1 July 2019-31 November 2010) Tut tfahabata 1 December 2019. 30 June 2020, ‘Accounting Officer rk! Sroma Greater Letaba Municipality ‘Arnal Finan Statement for th yee nde 20 June 2020 General Information Registered ose ‘Business adaress Postal acuress Bonkers Auditors Enabling Legislations Level of rounding Civic Cert +4 Soha Sraet Modjadikioot Lingo Cive Cente 4430ma See! Moajaaissoot Limpope PO Bor 25 Mosjadiktoot 0325 Fa tos! Bank Auditor Ganera of South asica Division ef Revenue Act (Ae 3. 2026) oval Goverment Munisipal Finsnoe Management Ae (Act 56 of 2003), "4unicipal Property Rates Act (Ac 6 of 2000) Local Goveimnent Muizical System Act (At 32.2000) Goveramen Municinal Scr Ret (Act 17 el 1958) Nearest Rare Greater Letaba Municipality [nrua Financial Statemant for te year ended 20 June 2020 Index ‘The rears and statements et ou telew comprse the annual nancial laemerts presented the provincal eg ature: Pago ‘Accounting Ofcers Respensilies ara Aperosl 6 Accounting Offcars Reon 6 Statement o Financ Poston 7 Stament o Fanci Pefamance ° Statement of Charges Not Ascot fy cath Flow Statomant 10 ‘Statement af Comparison of Bud and Actual Amounts os Accountirg Plcies Dae Notes toe Annual Financial Statements as. ‘Abbreviations asa Development Rank of South Afica RAP Ganeraly Recognises Accourting Practice ‘icrARO Charred Insuto of Government nance, Aut & Risk Offces, iPsas Intemational Pub Sector Accounting Standards Nes uncial Eris ec ember ofthe Exceutve Coun eA uncial nance Management Act cow Compensation for Secuptiona Iries an rman ur Unemployment Insurence Fund wea ‘Wo kes Compensation Sesetance PAVE Payse youn sou ‘Skis Development Levy Greater Letaba Municipality ‘Anoual Fnanci Sinemet Ui Yr nae 0 uno 2920 Accounting Officer's Responsi ilities and Approval ‘he accoung ue requis y the Muniopal France Management Al (fat of 2008) 0 maintain adequate sozouing reco end I sponsor he arse: ed sear oe aal fail sient ate than infratan “clea his pst is “ensonauiyclthe sceaunng chest eve Bae srl tone ates (ary preser ra sats a toe fhe murcpa'y est endo re ancl oar and theese a reponse coon News fr the eras thn ended. enoal auatrs at engaged ts express on ndebendentopan on Pe asl For Sele ae uae gen unstated accesso francal oars and lle cl Practos (GRAD) clan ry bose oiapatce in aceadoncs vith Stance of Derary Recognised Accounting relatens, gules ao cecune ad ty the Recourg Slane Bes “Tho anual franca statements sve based ucon ‘eons ane pen judgments desires roptte accounting polices consistently app! and supoored by “To acceurngofeer ainaoissges Int ha x mat espns ‘or yet cf tamal nail cote eesbened by Ihe munity and olace cotaceable“nptanes en marina 2 avana coil endrovmare. To sna rs acuning offcer to reel tess reopenstltes, te aecouring iter tle strdard for eal coil aod at eatcg fe Poe {nor of deft in a vow fects rarer. Ine sundaes ede he paper deegatan of espowsalies wilin ck elncd Faneror, eet secouring prooudues sa see nayregnn c test STEue 2) acct etl stake “These comics a menor wrovgrtr te mrlegally ane al employeon to fea ia iain Ie highest cca) stendard in ensuiea fw muniipa is eusress feared in a mens tinal essence cicunelaness ave ‘epreaen The focus of askmsragerent irs murcestty Isc" eesthne,aeceseog)maney a anc ranking low, terms otis acess te muntpally. Wile ororatng #3 carsc-be fly imate tho mun aly e7seavou Ia rmice Dy ensuing that agpopiise restuatre cimols stone and ence! behaviour wo arsed sd manesed ii ‘ne scoouin ofcers of he aaincn_ bass en Io infemaion and eslanaions gen iy managorant that ne sys ot ines! conel ov doe rossenabla assurance Inline feayeal aco may Oe sled 6" fre posaaton othe Sra Mandl states, However any sistem af isin! “nancal cowl een provds Sol wasohabo and aot aback “Te sccouning ofc ha esc tha nial cst lm freee a tha year 30 June 2021 a, the ight he ‘ovo snd tn cert ari poston ‘hos ses Re hemurssoaiy as aeons to adeaaerenuree ea. Spurabonl soncafartne eeceeab tus tenping nur ipaliss and municipal eres for sabrting ter sen fianeal tan siiamerts aad vlsios pont fer tata atthe end of et 2025. Tne nate lana tts mr dey fs the apssion of unl ne Shales, Aral Repars A epinone, na verigrepors 1 MIF on 05 fugu 220, “Te conto of his reren fas rn te Winslet o Cooper Governance én Talon fs" announce et of the Dessir Nonasomont Act fo enable govtrmant ond tho coy alge i ‘nanye dns sires Yo Cont us over urtaod ° " ™ “ Ino annual nanos! sialenes sl ot on sane? 19 70. whley nave bse p-ypated onthe gong exnee aporored oy seccuing use a 31 Outer 2020 and were saNede Greater Letaba Municipality ‘Annual Financia Stsement fo the year ended 90 ne 2029 Accounting Officer's Report “Te accounting ofcer susmits ms fer forthe year ended 20 June 2000, 1. Review ofactviios ain business and operations Net surplus othe municpaty cK 71825 591 (2018 surplus REA 791 953, 2. Going concom ‘We dra tention nthe fat hat at 20 June 2920 the muncpalty had av secumultod sures of 21 00835077 en that the mnieipaliy’s ttl assets exceeds abies by 1008 San #77 ‘Te aust nancal statements have boon prepare onthe tas cf accounting poles apolale toa going concern. THs bass presures lil ds wl be avaiable fo nance ‘vue operatons anna he ralsaton of ascend seen of liabites, comingentobigatone snd cmmtments wl Cccur ithe udnary couse o business. 3. Subsequent events Adjusting events Np subsequent events oscued afer year end 4. Accounting Offices itorestin contracts None have been ident, 5. Accounting polices ‘Te anrusl rans catomentspropared ic accordance withthe South Aca Sateen of Generally Recageised -Attouning Pratioe (GRA), isusing any interprets and draclves sued by Aesountng Sat aotds Board aadin ‘accordance wih section 12213} ofthe Muncie Finance Management A het No 3. 2203), 6. Accounting Officer ‘The accouiing ce of We municipality dung he Year ano the dae of he repo ea ones Drki Sova Greater Letaba Municipal ‘Annual Financ Satement rte oar svded 20 sure 2080 ‘Statement of Financial Position as at 30 June 2020 Figuresia Rena Tomy 20 ae Resta Curent Asseta Inventeres 3 seater ase6ai2 Feceivales rom exchanga transactions 4% neessv674 eBces a45 Fecaivales rom non-exchengo tansastions 5 7866551647205 at rezeiratle 43225613 T4004 Consumer deblors 8 1281277 624 5as (Cass ana coon equients 7 BIg aatos75 Tiwser srs Tae Te Non-Curent Assets Invest property 8 213057 azz 028 Proper, plant and equipment 2 en2 200544 c0B 28675 Ineangile assets 10 28525 12362 esta ascot " 548.600 586 £00 aaa a0 026 aoa 109 zat Total Assets “Tan3ar4 604 4023065 08 Uabitian Current Litiitios Finance lease ebigation “4 390 406 Paynes fom exchange kansactone 2 ve ree4s0 71270178 Consumer depois 13 anesu ara aaa Empioyee bent oteation "3 brz070 sos 8 Unspent conciena grants sol eins 4 eer Temas Teas Non.Curentinbiies Eneloyeebeneftebgation 18 12088917 12708 701 Prolene 6 aae705 364000 aac aR “otal Uabitiee T5463 605 05679 164 Net Assets Too0 380 977 957 985 256 Acai pha ove sso 977 697 209266 Greater Letaba Municipality ‘nual Francia Statement forth yea ended £0 une 2029 Statement of ancial Performance Fauesin Rand Tae Bia Ey estas Rovenve rom exchange transactions Servos crareos Feta facies and equipment Interest receved- outstanding recavales Agency servis LUpencts and permits Other Income Interest ecoed- investment ‘Total revenue from oxcange trensactions Revenue from romexchange transactions “aration revenue Propet rates CCovernmert grants & subsites Fines, Ponaies and Faris (Other raneterrevonue Tota revenue from non-exchanee transactions Tota venue Expencitore Empoyee ‘ited costs Femunoraor of cours Buk pucnases ‘Contacted srvicas CanecalEspenses Total expenciture ‘Surplus forth year 20897005 18077 axe sr72s 16S 10257788 18723671 zowrso 2702473, 3474073 1es2 418 +040 038 Toast zz 44302762 seacor1 96mB 078 seuuiawes 329371 680 4266 B30 503 1 RCL) aoa Fas 98 s60 459 089 107 238.997) (97374 058), 279919) (21983 981) (485074) (1455 858), (a7 g05612) (27420 022) (927364) (14766 931) (e221 108) (21 21 822), (909 990 6ur) Iu 175 338), (352 914 407) (319 667 030) THe25551 6479195 Greater Lotaba Municipality ‘anual Finacial Siatement fre yer onded 30 sue 2020 Statement of Changes in Net Assets Figure in Rand Fecumuated Taal Supls assets Balance at 1 Juy 2018, Changes inna aszets ‘Sus forthe year Total cnanges Opening tatace a provously ropes Pater 7 Correcton a eras refer t Note 47) Restted” Balance at Of July 2010 ac restated Changes i nt assets Supls forthe year Tata changes Balance at 29 June 2920 Notes) ‘72504 209, 672-504 308 SaTa1955 e471 952 BaTO ass GE TET 858 B37 5750S EST TS BBS (99600) 190 606) S57 568 258 657 306 258 Ti26601 _riRaRsa. 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