Council sitting today endorsed the Ray Nkonyeni Municipality 2018/2019 Mid-Year Budget and Performance Assessment, for the period covering 1 July 2018 to 31 December 2018 in terms of Section 72 of the Municipal Finance Management Act (MFMA).

As per the direction by the MFMA, the Accounting Officer is obliged that by the 25th of January of each year they must have done the assessment of the Municipality for that half of the financial year and have submitted the report to the Mayor, the National Treasury and the relevant Provincial Treasury. These assessments are to provide a high level report regarding the state of the budget. In addition the monthly reports are tabled in terms Section 71 of the MFMA.

Ray Nkonyeni Municipality Mid-Year Budget Assessment as well as the status of operations within the Municipality tabled today show that Municipality is still on the right track in terms of its operations and spending of the approved budget. In regards to grant expenditure, the municipality is at 52% on MIG and 42% on INEP which shows a healthy scenario. The tabling of this report will enable Council to monitor progress and undertake necessary interventions.

Issued by
Simon M April
Senior Manager: Mayoralty and Communications
+27 72 057 5387
+27 86 529 7121
Simon.April@rnm.gov.za / Simon.Apri95@gmail.com