CITY OF CAPE TOWN
21 AUGUST 2013
STATEMENT BY THE CITY’S EXECUTIVE DEPUTY MAYOR,
ALDERMAN IAN NEILSON
City adjusts budget to maximise delivery
The City of Cape Town notes today’s criticism by the ANC caucus of the
Adjustments Budget put before Council today. The responses from DA
councillors provided clarity on the hollowness of ANC claims.
An Adjustments budget is a standard and expected process in
municipalities around the country and even in National government. That
the ANC caucus every year tries to find impropriety on the part of this
administration with regards to this very normal procedure points to the
dearth of areas of criticism that they have at their disposal.
The City of Cape Town has, for the financial year 2012/2013, spent
92.9% of its capital budget demonstrating once again why Cape Town
stands head and shoulders above other municipalities with regards to
service provision and financial management. It is noteworthy that the City
of Cape Town’s actual capital spend is higher than that of any other
municipality in South Africa. The City has spent R23 billion in capital over
the past five years.
The content of a roll-over adjustments budget is strongly regulated by the
National Treasury. The budget contains primarily:



Rollover of unspent capital from the previous financial year.
Inclusion of additional grant funding.
Shifting of funds between votes.
Only 2.2% of last year’s capital budget has been rolled over to the new
financial year, equating to R137m. A further R25m of new capital grant
funding is added to the budget.
The roll-over is essential to enable projects that were funded in last year’s
budget to be completed.
These budget amendments will have no detrimental impact on the
provision of basic services, other than the changes to the implementation
timeframes of capital works.
Adjustments Budget by funding source: Capital (R ‘000)
Major fund
source
Capital Grants
and Donations
Capital
Replacement
Reserve
External
Financing Fund
Revenue
TOTAL
Original
budget
2013/14
2 583 308
Rollover
7 445
Sundry
Proposed
adjustments budget
2013/14
26 790
261 7543
700 820
50 349
(1 582)
2 149 497
79 172
-
2 228 669
25 207
16 968
5 612 765
16 968
5 450 592 136 966
749 586
End
Issued by: Integrated Strategic Communication and Branding
Department, City of Cape Town
Media enquiries: Priya Reddy, Spokesperson for the Executive
Deputy Mayor of Cape Town, Tel: 021 400 4699 or Cell: 084 549
3935, E-mail: priya.reddy@capetown.gov.za