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Cape Agulhas MUNICIPALITY int Kaae AGULHAS MUNISIPALLLEDL Care AGULITAS MUNICIPALITY U MaASIPALA WASECAPE AGULIIAS | CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2015 CAPE AGULHAS LOCAL MUNICIPALITY Index Contents Page General Inforintion Auproval of he Consolidated Financial Statements Report of the Auditor General ‘Consolidate Statement of Financial Position Corsoldaled Statement af Financial Perfonnan Consoldiated Statement of Changes In Nel Assis Canealidaied Gash Flow Sialenient ‘Statement of eomparison of budgel and actual amounts - Consalcalen, Satornent of Financial Posiion ‘Statomant of comparison of tudgst ang actual amovnis - Gorsodated Staiemert nf Fisanclal Periermance ‘Slatomerr of comparison of sudget and aeiual aniounts - Consoldatod Cash Flow Statement Consaldatad Accoumring Policies Notes to the Consolidated Financial Staleinerts APPENDICES -Unauditad A Scherule of External Loars 1B Segmentat Staternan! of Financial Performance - Municipal Votes (1) Actual Versus Budge! (Operating Expenditure) CQ) Aciust Versus Budget (Acquistion of Propsrty, Plant arid Equipment) 1D Disclesun af Grants and Subsidies in Taims of Section 123 of MFMA, 56 of 2003, E National Treasury Appropriation Statements ~ Revenue anid Expenditure (Standard Classification = Ravorue and Expenctture (Municizal Vote Classilicaian) “Revenue and Expenditure (Revenve by Sourco and Expenditure by Type) = Captal Fxpandiure by Vote, Standard Classification and Funding = Gash Flows, CAPE AGULHAS LOCAL MUNICIPALITY ‘CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 JUNE 2045 ‘GENERAL INFORMATION rutipty coming be tag sean nae ear. eco Stir Ds eon oan med toe era Te Ge oar ety de lg a aie Salers Wevaneae (aor to Sara 27) "Sagan Wanngear lal SEO i Banat Ar ame seca eA holly aa iaeera to Sie Sieiy Chan treme pice 3 CAPE AGULHAS LOCAL MUNICIPALITY MEMBERS OF THE CAPE AGULHAS LOCAL MUNICIPALITY waro COUNCILOR 1 rH Oetohee 2 ir 9 lant Exevive Deputy Mayor 5 icRC Micrel eveeuvs Mayer) o 1 snes 5 Mr CD Burge Pinsational Me UR Maketvana Vere sf Fxerutve ayer Sew ee) Prepunal is EC blanhnus Soran Propat anal Mr 98 Cocleea srpersn uF MPA) Propane Ts EN Apes APPROVAL OF THE CONSOUDATED FINANCIAL STATEMENTS | am rasp er the separ al. of hese annual esotted nays a lament ar fondo dune 2015, abst a set eaten aap 1 fe 98 reterns of Soon 17% (1) athe Mintlnal Finarce Pecuene Ack are wher [lave signes en hrhat of the Eoonomic Faiz The anneal nancial etlercens Inve een prepared: aercnlrce it GRAP. | aokrovlecge tht a inal responce fs the syston of inten ancl cont ‘and ha: fe system of ftamal cn! pev.des reasonable esac thatthe Fanci acorn bn eed on, ‘hv rovewed the Ecoromie Enis cash fa focal of yar 30 ne 2016 on Ja paint fet tha Esonumis Prey san contrac i npertcral cxsconce "or he force fate ‘he extemal sues its enazorsite far indeiendentyrviow en unl vepecing 09 the Eeanomi E's nance tstemants, Liy-hattoe remmiaeminof Counce tn dena aro wiki the per its ofthe Ramer welaagad in Section 219 of Ie Gensttaton, rid w_1 the Remanertion GF Public Olin Prarots Act and tie Minster uf Prinfrast and Local Gover usenlS Setensinatovin secorcanc het Yusisor: vhs WDD ~ Bate nielpa anager Report of the auditor-general to the Western Cape Provincial Parliament.and the council on the Cape Agulhas Municipality Report on the consolidated and separate financial statements Infreduetion 1. have eusifad te consollntad and separate fhuancal statur'hts of he Gage Apuhew uripelty se out on pages 3 lo 77, Wich comprise the consolitated ane sopcrats| Matarnan! ef financial postion as at 0 dune 2018, tra consolidates and sexarate falenent aFfinancal petormunoo, caneclidaled and separate statement of charges Frnt assets, aersl daiad and separeta cash ly atatement anv! consolidated and eperato sisiement of compara of budget ard actual amor far he year fen Srded, as wall a5 the rofaa, oor prising asirnmaly ofsign Feant secourting ook hd other explanatory Inerrtion, Accounting officer's responsbilily tor the financial statements 2, “Tre acépanting officer Is reavonable Zr the pleparation znd alr presentation 2 thees Jinenclal statements it sccerdace vith Souly Aioan Stanéards oi Gensvaly Recotriged Account Prac! uu (8A standards of GRAM) ane the raquireverts othe Munilpl France Managaivent Act of Suth Aes, 2703 (cl No of 200) (MFNAS fd Le Dion of Raveria Act of South Aca, 20% (Aat Np, 10 ef 2914) (GORA, ane for such infernal conta] an tho accor ing flee Gelemmices je necaseary to evanla ihe preparation of fraruitststemenit: Ina are rea Tram material mizstafomnemt, whether dust fraud or enor. Auditor-general’s respons)biity 8. ly responsibly is le exoreag en aphiof on Trove congaldated ard separsta fiancial Biatomaris Daeed ohm audit. Teonelictes my ated tn angordarue vith Itech! Btandurda or Acwling. Tove eancacds raqulethot | carly wlth et esl Tequrcmerte,and plar.ate perform the auc oblain -pasonsole assurance About ‘athther Ine igre stalertacls are Pre Hom rtedal missale"rent. 4. Arveutitirvotves gerfomnlng procedures a obin auc evidence abouthe amounts and dlacissiies in he caneeldated ard eaparece linoncil statements, Ths pronedures Selected depend ovthe autiters juegemént,nduding tre assesment. the risks cf Trateral igeater oft of the varealdated and wpparate financial elstsments, whothar dae lo faa "arto. Inking Lise ick assassiant, the eudtor conelders intra conve felevanto Ee murlleal ys sraparalicn 2nd ‘sir presenta of tha Farcal Stotaments inorder °e design aLch pravedies that are sppiopiet athe Grourrstanone, EU re for he patkoze of exprosbing an ooifien on Bis eTottkonens of he mnie lis intimal ama, n art olso includes evaluating the appropriateness of aceauntng 2olsan sed and she regsonablonees af aoscuntig euimates made by management se wall us oValLatrg the cveral presantallon of fg finateal setcments, belleve shat the aueitaxhianes | have olainsd 8 suticiatand apstopra's lo puvice a basis for-vy euetopres Opinion 6. Fury pinlor, the vonsolidates and separate ‘roncial siiemisnispseitenb fay inl maciialroapests re fnaneal peston af-he Sape Agulhes nunelpaliy ee st Bo ure 2013 unde tnancalperforiansé ars cash fowe for the year ther. ered 0 aucorbanca wih 84 e'snde'd9 of GRAP'and tho “oquremeri-of te MFMA ahd DuRR. Emplois of meters 1. dra atterlan to ty -natiars bole. My ophlor 8 nol modified i. wspeet of atl, Significant uncertainties 8, Ascisclonsd 09 note 8810 the consolidated and separate financial statements, the Taunisipuliy Is et sk far Be payrrant ef clans relating to cantar cfspules thor Tid perieg The amoctis Ir ihis gard wore weer at year-onn and ig aovson Ter any lability net ray ou has bean cade i toe Tinanclal statements Restotorer boi comesponding figures 8. Ae disclosed irra 49 1c theca wlldaled and saparele financial stotemarts, the onespondirg figures Tor 30 38 2014 have bean restate! am 8 rest 2 airors Clooavare: uring 2274-16 inthe yoneolklated ard eepavatefinawcal laternents of the Capo Agalhan Munlcpaly at, ars forthe yaar ended, 30 June 2044 Material impelments 40. As Gclosod inincta 20 and 21:0 he.corsoléetet and veparse fina ell statorents {fs unl paliy has povldeo irvramaal ct ‘eoehablas from exchargy ransacion® and racaiablee ftom nes-axcharag lransoctonsof 2 ml fon (25-14: RPT rrlfens ad 6-1 ein (2013-14 + 2,8 rellon)respoct.vly Additional matters 41 [draw adartsto the rimsara below, My opinion. « ag; mailed in regpen ofthese mailers Urousitlec’syppierentary scheciules 42, The supalorbentey Information wel out an pegas 740 84 compinot form part ofthe atiulteted and soparaiefiraselal ea:ements #7 le preeerted as adcitons! vfurmetior. hove nol aide thebe soredu'ss enkl accordingly I Gonot express on ‘aplelorthereor. Unousiled 2isclosure nines 48, Trtenrs of eaction {26(7}fa) ofthe MFIMA the runeipaliy fs requted fod close parle ofnor-sorplence oth the FMA. Ths dscioaure requirement sl "ot form Parl ofthe'ault of he consoklated ard seperate fnannel stalemarts art accordingly P30 net expats an osiicn ‘hereon, frongtial it consistend's in altar invormarion kucliciad in the annuai reprt “V1. The drat annual report has been racsiver ad no material Iecesistencies wi tha, Thascal siatowents have Reed fcund, The final printer's prof of the anual ropart l bi revteved. gar ony material ponsistoreles fer Went wil be comunicated to managarrart. Shout! he heeneistancies net be cartacad. t may reeulln the rater belng ineluged F the audtreaor. Report on other legal.and 1egutatory requirements 46 Inaccortionce wit the Puble fut Act of South Atica, 2004 ot Na. 25 of 2008) {PAA} and ihd genera! nolco Issued in lrins theron, | have a respeneiilty to report naire or the epored performanes Information acarst predetermined objectives for 48, Sclected objectives presente n ‘he gnhual performance rupodt, comypliants wlth Tealelofan eve inlrnel contrel, Tae oljaclva of my fasts was ‘0 identity reporkble findings ee described under erch auahoadng, bit wot Lo galher evtdente lo expreks ‘assura'ke on ‘hese mle, Accordingly, | Go net express an ooinior ur conclusion on trese mele, Predetermined oblectives 17. parfoamed prosaoures to abtah evklencs avout the useiiness ane wine iy uf tno reported parannance inorehtion “or the faloveng selected ubjsclwes presantod i her Shiva petformonce,report ul the unica forthe yasr at ud $0 June 20°8: + Skategic Obloutve 3.2 @) Develops and reguiae maintsnanoe of lk Infragtaclure sian ea 7uuce storm wale networks, potekle water retoores, Waste ‘voter treateent plant, jad and (vlagrelad hurtan selon es pages 74 to 78, + Slieioge Osfentives.5:2d:_Provisior of quay baste cenvicas-wuch. 98 wator, lect uly,rateee emaval and santo pages 70 1a 79: + italogie Objestes .2 To feitfato the holistic developmert of people, expend fhe salay rol or wu aerable grovoe ar mplomért sustesnable wragremmes Ic ‘gravatar Ivelhogds 2ages 80 0 82, 48, evaluated the nppuiledpertermance irfermalon against the ovarai ctions af ‘olulneee and really, 42. | evaluated the users cf Ihe repoited per‘onr anus Iflormatan fo delenit ‘whathor ves preseild in accaldance wh tha National Traaau'ys annual reporting Frinalplos ond whats! he rezoned performancy was conestant. wilh she planned Epjectec arc pororned esl fo determina whetrsr indicators on tages were wel defined, varligale, spat. meesicable, rebound arid rolzvent,s.ruited by the Notignal” reashly # Pamewert fr managing pngrarmie verfcian inertton (PMPPI, 20, | aesoasel the rash af tw foported-perfermence Informstan fo determine vhotRcr ios vai, aecurale ane complete 21, eid netidents fy materia Fading oa the wwefuness nd rat ablty of:€ reponet patetmares “fermallon or sl rs Selected objettves: Additional matters 22 Athough derttad re material aeings onthe ussfulnoss ancl relist of he Feaortad per'arrange Iormation tee the selected abjedt ves | ran ation ta the “afowing nallers Ack vemert ol panrec tages 23. Refer bithe annual psrfarmarce ceport on pazes 76 to 76, 80 10 82 and Bo BS for Infornation on {ho gohimoarméat of he planned largess te ih year. Urqucitad supplerrenary intormalion ‘2k The supplememanyinfuatia sol oul ch pasos 07 10°74, 77 to 79sec Bd to “79 nolfomn parrof ie annual pulermance reparl afd le presentec as uddtora Inomieton [rave rot audied schedules and, aszdingly, | da not repatthered. (Compliunge with legislation 25. | performed procecunas lo abtan evidence thet the nizniepalty ac ex with applbeala egelaton regarding nancial reatints, “ancl ranagamant urd alher felbted matter | oid ral dentiy any Instances of materal nc complet whit pacific nattersin key legiaticn, #5 Got gu: inthe genera. notice lsu n terms. ct the PAS. Internal contre! 26. Leonsideréd ntemal conic relevant te my audtot the conot dated and estate Thonoial slatongnt, tho anrudl pe Tomeaiios pet ara careplanoe Wi lagisialer. | id notideny any sgnitean: ce'clar ios Internal cant The Southernmost Develapment Agency (SOG) Limited 27. There were 1o matters tu repart in respect et prformares ugalnst pradesonnined Gdjestier-complionee wth fas andl regulatons ar intemal control as the entiy Wa ‘cL operedeal fring the yee: uncer review. Tho cele. 1&1 the process of seragie-ring the aly. Aad. Gentred cape Towrt 90 Revamber 2015 ~ ra | Aanting ua Se conser vedio ath esa mae —