LIM332 Greater Letaba AFS 2019-20 unaudited

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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.
Timea Teas v1
‘abe 960 7 4009 360 «77