Provide a critical discussion of the adjustments to the 2020/21 operational expenditure, including the major considerations for
Fantastic news! We've Found the answer you've been seeking!
Question:
Provide a critical discussion of the adjustments to the 2020/21 operational expenditure, including the major
considerations for these adjustments?
Evaluate the impact of the adjustment budget on service delivery.
Transcribed Image Text:
2020/21 Special Consolidated Adjusted operating expenditure 2020/21 APPROVED BUDGET R CONSOLIDATED Expenditure By Type Employee related costs Remuneration of councillors Debt impairment Depreciation & asset impairment Finance charges Bulk purchases Other materials Contracted services Transfers and subsidies Other expenditure Loss on disposal of PPE Total Expenditure Surplus/(Deficit) Transfers and subsidies - capital Surplus/(Deficit) after capital transfers & contributions 9,754,167,674 142,795,066 3,073,502,136 2,354,666,981 1,128,804,896 16,850,921,749 2,078,606,487 4,492,179,533 676,942,794 1,190,386,683 13,000,000 ACTUALS as at % 31 August 2020 Actuals R 2,429,828,639 1,508,245,014 15.5% 23,681,828 16.6% 510,090,693 16.6% 391,641,957 16.6% 117,591,477 10.4% 3,420,614,849 20.3% 142,011,611 6.8% 337,216,302 7.5% 28,682,901 4.2% 88,981,412 7.5% 3,901 0.0% 41,755,973,999 6,568,761,944 15.7% (10,836,600) 1,836,144,207 2,440,665,239 84,847,162 3.5% 1,920,991,369 2020/21 Proposed 2020/21 Budget Adjustments after Adjustments R R 633,353,618 304,308,894 154,962,999 73,315,107 (223,071,126) 42,885,739 (28,265,904) (68,008,732) 10,387,521,292 142,795,066 3,377,811,030 2,509,629,980 1,202,120,003 16,850,921,749 1,855,535,361 4,535,065,272 648,676,890 1,122,377,951 13,000,000 889,480,595 42,645,454,594 (10,836,600) (305,059,000) 2,135,606,239 (305,059,000) 2,124,769,639 2020/21 Special Consolidated Adjusted operating expenditure 2020/21 APPROVED BUDGET R CONSOLIDATED Expenditure By Type Employee related costs Remuneration of councillors Debt impairment Depreciation & asset impairment Finance charges Bulk purchases Other materials Contracted services Transfers and subsidies Other expenditure Loss on disposal of PPE Total Expenditure Surplus/(Deficit) Transfers and subsidies - capital Surplus/(Deficit) after capital transfers & contributions 9,754,167,674 142,795,066 3,073,502,136 2,354,666,981 1,128,804,896 16,850,921,749 2,078,606,487 4,492,179,533 676,942,794 1,190,386,683 13,000,000 ACTUALS as at % 31 August 2020 Actuals R 2,429,828,639 1,508,245,014 15.5% 23,681,828 16.6% 510,090,693 16.6% 391,641,957 16.6% 117,591,477 10.4% 3,420,614,849 20.3% 142,011,611 6.8% 337,216,302 7.5% 28,682,901 4.2% 88,981,412 7.5% 3,901 0.0% 41,755,973,999 6,568,761,944 15.7% (10,836,600) 1,836,144,207 2,440,665,239 84,847,162 3.5% 1,920,991,369 2020/21 Proposed 2020/21 Budget Adjustments after Adjustments R R 633,353,618 304,308,894 154,962,999 73,315,107 (223,071,126) 42,885,739 (28,265,904) (68,008,732) 10,387,521,292 142,795,066 3,377,811,030 2,509,629,980 1,202,120,003 16,850,921,749 1,855,535,361 4,535,065,272 648,676,890 1,122,377,951 13,000,000 889,480,595 42,645,454,594 (10,836,600) (305,059,000) 2,135,606,239 (305,059,000) 2,124,769,639
Expert Answer:
Answer rating: 100% (QA)
The adjustments to the 202021 operational expenditure are significant and have a number of major considerations The increase in employment costs The i... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Posted Date:
Students also viewed these accounting questions
-
Use the attached "words.txt" file to store the words along with their ranks in an AVL tree. Then provide the user the option to search for any word. If the word exists the program displays the rank...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A water sprinkler sprays water over a distance of 30 feet while rotating through an angle of 135. What area of lawn receives water? 135 30 ft
-
A 1.5 kg block is initially at rest on a horizontal frictionless surface when a horizontal force along an x axis is applied to the block. The force is given by F(x) = (2.5 x2)i N, where x is in...
-
Discuss the importance of the sales budget in the corporate budgetary process.
-
The 2015 annual report of The Procter & Gamble Company (P&G is available at www.pginvestor.com. After reviewing P&Gs annual report, respond to the following questions: P&Gs consolidated balance sheet...
-
A firm has experienced an increasing current ratio but a decreasing operating cash flow to current liabilities ratio during the last three years. What is the likely explanation for these results?
-
Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below: Time 0 X Y 1 -$2,000 200 -$2,000 2,000 234 600 200 800 100 4 1,400 75 1. What is the...
-
Multiple Choice Questions: The operations manager for the Blue Moon Brewing Co. produces two beers: Lite (L) and Dark (D). Two of his resources are constrained: production time, which is limited to 8...
-
You will create an one-page job posting for an undercover cyber detective (using the example link as a template). Please create your own listing. It is acceptable to use other listings you find as a...
-
Consider we replaced the laser with an incandescent flashlight; the intensity of the flashlight as it reaches the polarizers is 24 W/m. 1. With no background light, find the angle between the...
-
A gas stream comprising of air and vapour of an organic compound is to be scrubbed in an absorption tower for separation of organic compound by absorption in oil. The operation is countercurrent....
-
8) The figure shows the velocity-time graph of a particle which moves along a straight line from rest to rest in 30 seconds. The parts OA and AB are straight lines and the curve BC is an arc of the...
-
Four charged objects, A-D, are arranges on the corners of a rectangle with sides of length 3 cm and 6 cm, as shown in the figure. Objects A, C and D have charges of +8e. Determine the sign and...
-
We have the following information for Essilor Luxottica Introduction Income Statement Revenue ( ttm ) 1 . 0 6 B Revenue Per Share ( ttm ) 2 . 5 5 Quarterly Revenue Growth ( yoy ) - 3 . 6 0 %...
-
The following book and fair values were available for Westmont Company as of March 1. Book Value Fair Value Inventory Land Buildings $ 231,000 $ 191,758 822,000 1,119,758 2,138,000 2,447,258 Common...
-
Write a while loop that uses an explicit iterator to accomplish the same thing as Exercise 7.3. Exercise 7.3. Write a for-each loop that calls the addInterest method on each BankAccount object in a...
-
Record the following endowment activity events of Private University: 1. An alumnus donates $250,000 to the endowment fund. The cash is fully invested in bonds with a face value of $242,000 that are...
-
Why are fixed assets, acquired with proceeds from general obligation bond issues, not permanently accounted for in a capital projects fund?
-
Lucy Company issues securities with a fair value of $468,000 for a 90% interest in Diamond Company on January 1, 2011, at which time Diamond Company has the following balance sheet: It is believed...
-
Because the feed underflow in Example 14-1 was not the same as in the other stages, we had to do the feed stage calculation separately, but connected to, the calculation for the remainder of the...
-
Derive Eq. (14-15a) and the corresponding equation for \(\mathrm{x}_{\mathrm{D}, \mathrm{M}}\). (14--15a) XA.M EOYA,0 + FXA,N+1 EO+F 0+(1000) (0.2) 662+1000 = 0.120
-
Adapt the Kremser equation to leaching with constant flow rates.
Study smarter with the SolutionInn App