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Wendy Hodges
5 years ago
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1 CHRIS HANI DEVELOPMENT AGENCY CHDA Revised Budget 2017/ /20 MTREF 2017/ /20 MTREF Original Budget 2017/18 To date Actuals Revised Budget 2017/18 Net Increase / Decrease Narrative CHDA - Operational Grant Increase of 2.8 million to accommodate the shortfallon budget CHDM - Bursary Administration Grant CHDM - Mechanisation Center Grant CHDM - SEZ Facilitation Grant - CHDM - Irrigation Schemes Grant DRDAR-Management of Irrigation Schemes DEA - Lukhanji Waste EPIP Grant CETA-Learnership and Internship and Bursary SUB-TOTAL: NON-EXCHANGE REVENUE Increase is due to CHDM projects that were not included in the original budget and increase in DRDAR and CETA allocation due to additional activities CHDA INCOME - INTEREST RECEIVED SUB-TOTAL: INT DIVS & RENT ON LAND No change in the anticipated budget CHDA INCOME - TENDER FEES CHDA INCOME - AGENCY FEES SUB-TOTAL: SALES GOODS & RENDERING SERVICE Reduced tender fees as the number of expected tender to be advertised in minimal. Agency Fees we antisipated more on the Lukhanji Buy Back Project which has only started now in January SUB-TOTAL: EXCHANGE REVENUE TOTAL: REVENUE Total revenue has increased due to the reasons stated above' MS - SALARIES & ALLOWANCES Salaries and Wages - CTC Performance Bonuses Leave Accrual Expense Leave Pay Expense - Acting Allowance Expense Sub Total: MS - SAL ALLOW & SERV BENEFITS MS - SOCIAL CONTRIBUTIONS Staff Benefits - Medical Aid Staff Benefits - Provident / Pension Statutory - UIF Levies Skills-SDL Levies New positions and vacant positions budget on the salaries budget was withheld due to the budget constraints after CHDM reduced the anticipated budget. Now we have consider those positions that why an increase in Salaries budget

2 SUB-TOTAL: MS - SOCIAL CONTRIBUTIONS Increase in social contributions equivalent to increase in salaries SUB-TOTAL: EMPLOYEE RELATED COST Increased detailed in above sub- totals OUTSOURCED SERVICES Audit Fees - Internal Security Expenses - Office SUB-TOTAL: OUTSOURCE SERVICES Increase equivalent to expenditure to date. Internal Audit has added to projects in their plan therefore it is anticipated that their costs will be more CONTR SERV-CONSULTANTS & PROFESSIONAL SE Accounting Fees Board - Fees Consulting Board - Secretariat and Admin HR / Payroll Services Recruitment Costs Legal Expenses Relocation of staff SUB-TOTAL: CONSULTANTS & PROF SERVICES CONTR SERV-CONTRACTORS Repairs and Maintenance - Office Equipme Repairs and Maintenance - Computers Repairs and Maintenance - Furniture etc Repairs and Maintenance - Vehicles Repairs and Maintenance - Buildings Decrease due decrease in board fees, Board Secretariat which is less expensive than the previous one and legal fees SUB-TOTAL: CONTRACTED SERVICES General decrease in general expenses as most of the assets are fairly new and we have procured new laptops OPERATIONAL COSTS Health and safety Sundries Annual Report Strategic Projects Corporate Research Knowledge Mngt Conference and Visits Stakeholder Engagement Strategic Planning and Review Advertising and Marketing Brand Promotion Audit Fees - External / AG Bank Charges Photocopier Rental Fuel Entertainment Courier and Postage Telephone and Fax IT Support Expenditure Intranet - Staff Portal Security and Antivirus Protection Internet and ADSL Licensing Fees Software Website Maintenance and Hosting Insurance Expense Board - Training and Development Staff Training and Development Board tools of trade Electricity and Water Rates - Office Printing and Consumables Subscriptions Board - Travel and Other Board Accomodation Board Air Travel Board Rental

3 Domestic Accomodation Domestic Daily Allowance Domestic Food and Beverages Domestic Incidental Costs Domestic Car Rental Domestic Milleage Domestic Other Transport Domestic Flights Domestic Railway Transport Domestic Road Transport Domestic Water Transport International Accomodation International Dailly Allowance International Food and Beverages International Incidental Cost International Air Transport SUB-TOTAL: OPERATIONAL COST INVENTORY Increase was influence by IT related costs as we have to implement MSCOA have new system and also now that we have a new server we needed to install a lot of softwares that protect the IT environment. For MSCOA initial we anticipated to get funds from CHDM our proposed budget was not approved as desired Cleaning Stores and Materials SUB-TOTAL: INVENTORY OPERATING LEASES Rental - Office SUB-TOTAL: OPERATING LEASES CHDA - WRITE - OFFS T&S-OP: MONET ALLOC-OTHER CHDA - Irrigation Schemes Expenditure - - CHDA - Value Chain - Crop Production CHDA - Value Chain - Livestock Developme CHDA - Value Chain - Forestry Developmen CHDA-'Social Facilitation CHDA - INV PROMO/ SMME DEV EXPENDITURE CHDM - MECHANISATION CENTER EXPENDITURE DRDAR-Management of Irrigation Schemes CHDM - IRRIGATION SCHEMES EXPENDITURE CHDM - BURSARY FUND EXOENDITURE DEA - LUKHANJI WASTE PROJECT EXPENDITURE Career Exhibitions CETA-Learnership and Internship SUB-TOTAL: T & S O: MON-PROV DEPT EC Increase is due to CHDM projects that were not included in the original budget and increase in DRDAR and CETA allocation due to additional activities DEPRECIATION & AMORTISATION CHDA - IMPAIRMENTS EXPENSE CHDA - DEPRECIATION EXPENSE Office Equipment Computer Equipment Vehicles Intangibles SUB-TOTAL: DEPRECIATION & AMORTISATION No Change ASSET FINANCE RESERVE Computers Computer Software Furniture and Equipment Office Building SUB-TOTAL: ASSET FINANCE RESERVE Increase on budget due to the naratives detailed above

4 Surplus/Defecit

5 Land & Buildings - Net Value (LAND) Land & Buildings Cost Land & Buildings - Net Value (BUILDINGS) Land & Buildings Cost

6 Motor Vehicles - Net Value Motor Vehicles Cost Furniture & Fittings - Net value FURNITURE AND FITTINGS COST Furniture & Fittings - Accum Depre Office Equipment - Net Value OFFICE EQUIPMENT COST Office Equipment - Accum Depre

7 Computer Equipment - Net Value COMPUTER EQUIPMENT COST Computer Equipment - Accum Depre

8 LEASE PAYABLE Provision for Future Expenses Provision for Leave PROVISION FOR 13TH CHEQUE SALARIES AND WAGES CONTROL SALARIES PAYE CONTROL SALARIES UIF CONTROL CHDA - SKILLS LIABILITY FUND CHDM CHDA - LOAN FROM SKILLS FUND COMMITMENTS - SKILLS FUND SUPPLER CONTROL ACCOUNT CHDM - IRR/SCHEMES LIABILITY FUND (IPED) TRADE AND OTHER PAYABLES GFADA - PROJECT FUND LIABILITY ACC DEA - PROJECT FUND LIABILITY ACC Provision for Workmen's compensation VAT / TAX CONTROL ACCOUNT (Payable)

9 Retained Income / (Accumulated Loss) GENERAL RESERVE / BENEFICIARY FUNDS INCOME - GRANT FUNDING INCOME - THIRD PARTY GRANT INCOME INCOME - OPERATING ACTIVITIES CHDA - ADMINISTRATION EXPENSES General Expenses CHDA - COMMUNICATION EXPENSES CHDA - GENERAL MARKETING AND NETWORKING CHDA - OCCUPANCY EXPENSES CHDA - STAFF COSTS OTHER EXPENSE ITEMS - ROUNDING DONATIONS CHDA - AGRIBUSINESS EXPENDITURE VARIOUS - RURAL INFRA /MECHANISATION CHDA - OTHER CORPORATE INITIATIVES

SG&A AND EXPENSE CATEGORIZATION POLICY

fjrake,&scull QHSE Ref. No. IMS/FIN/SGA/05Rev. 01 SG&A AND EXPENSE CA TEGORIZA TION 21st May2009 SG&A AND EXPENSE CATEGORIZATION POLICY Rev Date Revision Record 21/05/09 First issue for approval Page 1