Monthly Budget Statement January 2015

SWELLENDAM MUNICIPALITY PAGE 1 SWELLENDAM MUNICIPALITY In-Year Report Prepared in terms of the Local Government: Municipal Finance Management Act (56/2003): Municipal and Reporting Regulations, Government Gazette 32141, 17 April 2009. Monthly Statement January

SWELLENDAM MUNICIPALITY PAGE 2 Table of Contents Glossary... 3 PART 1 IN-YEAR REPORT... 5 Section 1 Mayor s Report... 5 Section 2 - Resolutions... 6 Section 3 Executive Summary... 7 Section 4 In-year budget statement tables... 18 PART 2 SUPPORTING DOCUMENTATION... 27 Section 5 Debtors' analysis... 28 Section 6 Creditors' analysis... 28 Section 7 Investment portfolio analysis... 29 Section 8 Allocation and grant receipts and expenditure... 30 Section 9 Capital programme performance... 33

SWELLENDAM MUNICIPALITY PAGE 3 Glossary Adjustments budget Prescribed in section 28 of the MFMA. The formal means by which a municipality January revise its annual budget during the year. Allocations Money received from Provincial or National Government or other municipalities. The financial plan of the Swellendam Municipality. related policy Policy of the municipality affecting or affected by the budget, examples include tariff policy, rates policy, credit control and debt collection policy. Capital expenditure - Spending on assets such as land, buildings and machinery. Any capital expenditure must be reflected as a non-current asset on the Municipality s balance sheet. Cash flow statement A statement including only actual receipts and expenditure by the Municipality. Cash payments and receipts do not always coincide with budgeted timings. For example, when an invoice is received by the Municipality it is shown as expenditure in the month it is received, even though it January not be paid in the same period. The same principle applies with the cash receipts. The Municipality recognises the revenue on date of billing whilst payment January not appear in the same period; the receipt is recognised at date of receipt. DORA Division of Revenue Act. Annual legislation that shows the total allocations made by national to provincial and local government. Equitable Share A general grant paid to Municipalities. It is predominantly targeted to help with free basic services. Fruitless and wasteful expenditure Expenditure that was made in vain and would have been avoided had reasonable care been exercised. GFS Government Finance Statistics. An internationally recognised classification system that facilitates like for like comparison between Municipalities. GRAP Generally Recognised Accounting Practice. The new standard for municipal accounting. IDP Integrated Development Plan. The main strategic planning document of the Municipality MBRR Local Government: Municipal Finance Management Act (56/2003): Municipal budget and reporting regulations. MFMA Local Government: Municipal Finance Management Act (56/2003). The principle piece of legislation relating to municipal financial management.

SWELLENDAM MUNICIPALITY PAGE 4 Sometimes referred to as the Act. MTREF Medium Term Revenue and Expenditure Framework. A medium term financial plan, usually 3 years, based on a fixed first year and indicative further two years budget allocations. Also includes details of the previous and current years financial position. Operating expenditure Spending on the day to day operations of the Municipality such as salaries and wages and general expenses. Rates Local Government tax levied in terms of the Local Government: Municipal Property Rates Act; Act 6 of 2004. The tax is based on the assessed market value of a property. To determine the rates payable, the assessed rateable value is multiplied by the rate in the rand. SDBIP Service Delivery and Implementation Plan. A detailed plan comprising quarterly performance targets and monthly budget estimates. Strategic objectives The main priorities of the Swellendam Municipality as set out in the IDP. ed spending must contribute towards the achievement of the strategic objectives. Unauthorised expenditure Generally, is spending without, or in excess of, an approved budget. Virement A transfer of budget. Virement policy - The policy that sets out the rules for budget transfers. Virements are normally allowed within a vote. Transfers between votes must be agreed by Council through an Adjustments. Vote One of the main segments into which a budget of a municipality is divided for the appropriation of money for the different departments of the municipality. In Swellendam Municipality this means at directorate level. The votes for Swellendam therefore are: Municipal Manager; Corporate Services; Financial Services; Engineers Services; and Community Services

SWELLENDAM MUNICIPALITY PAGE 5 PART 1 IN-YEAR REPORT Section 1 Mayor s Report 1.1 In-Year Report - Monthly Statement 1.1.1 Implementation of budget in terms of SDBIP No comments apart from that already mentioned in the Executive summary of this report. 1.1.2 Other information Additional clarity on the content of this report or answers to any questions is available from the Chief Financial Officer.

SWELLENDAM MUNICIPALITY PAGE 6 Section 2 - Resolutions Recommended resolution to Council with regard to January inyear report is: RESOLVED (a) That the Council take note of contents in the in-year monthly report for January as set out in the schedules contained in Section 4: a. Table C1 Monthly Statement Summary; b. Table C2 Monthly Statement Financial Performance (Standard classification); c. Table C3 Monthly Statement Financial Performance Standard classification (Revenue and expenditure by Municipal Vote) d. Table C4 Monthly Statement Financial Performance (Revenue by Source and Expenditure by Type) e. Table C5 Monthly Statement Capital Expenditure; f. Table C6 Monthly statement Financial Position; and g. Table C7 Monthly statement Cash Flows. (b) Any other resolutions required by the Council.

SWELLENDAM MUNICIPALITY PAGE 7 Section 3 Executive Summary 3.1 Introduction All the 2013/14 Audited outcomes columns reflect the amounts as per financial system. The Annual Financial Statements for 2013/14 has been finalised. The audit of the AFS will influence the audited outcomes and the opening balances. This will happen until after the audit report is finalised for 2013/14. 3.2 Financial Performance; Position and Cash flow Section 4 of this report includes the tables with the detail figures. 3.2.1 Financial Performance The detail of this section can be found in Section 4 of this report Table C2 (Summary per GFS); Table C3 (Summary per Municipal Vote) and Table C4 (Summary by Revenue Source and Expenditure Type). The latter is used to provide the executive summary. 3.2.1.1 The following table summarises the overall position on the capital and operating budgets. Take note that the Operating Expenditure only reflects the direct expenditure and exclude all indirect expenditure e.g. Administrative Costs. Capital Operating Operating Expenditure Income Expenditure R'000 R'000 R'000 Original 18 762 185 216 195 679 Adjustment 35 833 185 600 196 012 Plan to Date (SDBIP) 8 377 141 941 114 144 Actual 12 044 122 488 103 045

SWELLENDAM MUNICIPALITY PAGE 8 3.2.1.2 Revenue by Source The figures represented in this section are the accrued amounts and not actual cash receipts; in other words the amounts billed for property rates; service charges and interest as it become due. The total revenue excluding capital transfers and contributions for the month of January is R 9 254 million. The year to date billed revenue is R 122.248 million versus the year to date budgeted amount of R108.267 million which represents a variance of 13%. The comparisons of the major sources of revenue (Property rates and service charges) are illustrated in the figures 1 5 Figure 1 Property rates The Property rates are levied on an annual basis during January of each year. It is expected that there will only be minor changes to the year-to-date amount.

SWELLENDAM MUNICIPALITY PAGE 9 Figure 2 Electricity service charges The amount raised as reflected for the actual year to date represents 49.36% of the budget amount. During this time of the year electricity usage are fairly minimal but will increase as we approach the winter and will come in line with the year to date budget. The variance will be addressed in the adjustment budget. Figure 3 Water service charges The amount raised as reflected for the actual year to date represents 55.76% of the budget amount. The summer months ahead will lead to an increase of water consumption, based on past trends. Figure 4 Sanitation service charges

SWELLENDAM MUNICIPALITY PAGE 10 The amount raised as reflected for the actual year to date represents 52.42% of the budget amount. The sanitation levies are also a very stable stream of accruals. Figure 5 Refuse removal service charges The amount raised as reflected for the actual year to date represents 60.13 % of the budget amount. The refuse removal levies is also a very stable stream of accruals. The other sources of revenue that have material variances in rand value are: Interest earned outstanding debtors (IEOD) The budget amount for IEOD is R1.300 million whilst the year to date budget based on history is also R.758 million whilst the year to date actual revenue is R.255 million. The credit control function is being outsourced. They have certain measures in place to collect outstanding debt and in this case interest on outstanding debt. 3.2.1.2 Operating Expenditure by Type The figures in this section should represent the accrued amounts; in other words when the goods have been ordered; received or the invoice has been completed (reconciled with goods received and prices quoted) it should be captured as an expense. Shadow figures are reflected on the financial system once an order is issued. This action serves as a budgetary control mechanism and no actual financial entries are passed. These figures cannot be used for reporting purposes. The amounts included as expenditure are currently only those for which a payments run has been completed. The total expenditure amounts to R 103.045 million while the monthly actual amounts to R 10.570 million. The year to date budget is R 114.340 million which represents an under spending of 10% for the year.

SWELLENDAM MUNICIPALITY PAGE 11 The sources of expenditure that have material variances in rand value are: Employee related cost The budget for employee related is R 66.828 million of which only R33.301 million has been expended and represents 50% of the budget amount. Variances are due to vacant positions that are not filled. Debt Impairment The budget for debt impairment is R 2.765 million of which no expenditure occurred to date, uncertain whether debt will be written off; this decision will be made by council. Depreciation and Asset Impairment The budget for Depreciation and Asset Impairment is R 8.944 million of which R4.287 million occurred to date. This expenditure only occurs on a quarterly basis and will be in line at the end of each quarter. Finance charges The budget for finance charges is R 6.136 million of which R 1.911 million has been expended and represents 31.1% of the budget amount. The main reason for this adverse variance is due to the fact that finance chargers includes post retirement fund and long service awards, and the finance charges on these two items are done on at the end of financial year. Other materials The budget for other materials is R 1.519 million of which R.439 million has been expended and represents 29% of the budget amount. Expenditure will come in line during the year. Transfer and grants The budget for Transfer and grants is R 1.690 million of which R.705 million occurred to date. The main reason for this adverse variance is due to the fact that one of the grants is paid quarterly.

SWELLENDAM MUNICIPALITY PAGE 12 3.2.1.3 Operating Expenditure by Municipal Vote Original Adjusted Monthly actual YearTD actual YearTD budget variance MUNICIPAL MANAGER 7 394 987 7 394 987 402 021 3 551 830 4 313 742-297 678 CORPORATE SERVICES 24 711 383 24 711 383 1 155 792 10 238 815 14 414 973-1 298 236 FINANCIAL SERVICES 19 829 613 19 829 613 1 060 642 13 078 262 11 567 274-276 352 ENGINEERS SERVICE 93 364 860 93 364 860 5 341 806 43 381 423 54 462 835-5 859 051 COMMUNITY SERVICES 50 378 416 50 710 760 2 610 214 32 793 845 29 581 277-4 926 695 Total 195 679 259 196 011 603 10 570 476 103 044 175 114 340 102-12 658 012 Figure 7 Breakdown Operating Expenditure by Municipal Vote Municipal Manager The budget for Municipal Manager is R 7.394 million of which R3.552 million has been expended and represents 48% of the budget amount.

SWELLENDAM MUNICIPALITY PAGE 13 Figure 8 Breakdown Operating Expenditure by Municipal Vote Corporate Services The budget for Corporate Services is R 24.711 million of which R10.239 million has been expended and represents 41% of the budget amount. Figure 9 Breakdown Operating Expenditure by Municipal Vote Financial Services The budget for Financial Services is R 19.829 million of which R13.078 million has been expended and represents 66% of the budget amount. Figure 10 Breakdown Operating Expenditure by Municipal Vote Engineers Service The budget for Engineers Service is R 93.364 million of which R43.381 million has been expended and represents 46% of the budget amount.

SWELLENDAM MUNICIPALITY PAGE 14 Figure 11 Breakdown Operating Expenditure by Municipal Vote Community Services The budget for Community Service is R 50.710 million of which R32.794 million has been expended and represents 65% of the budget amount. 3.2.1.4 Capital Expenditure The capital spending for the month of January amounts to R.724 million. The budget for Capital Expenditure is R 35.833 million of which R 12.044 million has been expended and represents 34% of the budget amount. The loan agreement was finalized in January. The reason for the low capital spending is that the Municipality is in the process to finalize the Supply Chain procedures. Source of Finance Original R'000 Adjustment R'000 Year to date R'000 National Government 10 418 27 123 11 594 Provincal Government 355 964 252 Borrowing 7 989 7 746 198 Total 18762 35833 12044

SWELLENDAM MUNICIPALITY PAGE 15 3.2.2 Financial Position The breakdown of the financial position can be seen below: 3.2.2.1 Current Assets Cash The actual total cash available as 31 January amounts to R 22 259 319.26 Consumer debtors The value of the consumer debtors is R 8 039 766.04 inclusive of provision for bad debt. 3.2.2.2 Non-Current Assets The non-current assets amount to R 262 282 248.05 Current Liabilities Swellendam Municipality does not make use of an overdraft facility and the short term portion of long-term liabilities (Borrowings) has not been kept in a separate account. Consumer deposits The value of consumer deposits amounts to R 1 375 605.18 Trade and other payables The trade and other payable amount of 9 821 004.86 million Breakdown Prior year Year to date Balances Balances Payments received in advance 1 393 447.92 1 229 380.88 Salary control 3 218.75 677 073.53 Trade payables 1 226 999.57 1 508 337.18 Un-identified deposits 143 263.82 1 061 468.84 Other payables 7 200 295.62 85 744.43 Unspent conditional grants 2 309 541.48 5 259 000.00 Total 12 276 767.16 9 821 004.86

SWELLENDAM MUNICIPALITY PAGE 16 Trade payables The trade payables account is actually in a credit balance in the general ledger. This comprises invoices processed but not paid yet. Un-identified deposits Payments deposited into the municipality s bank account that cannot be identified are receipted in the unidentified deposit suspense account. The year-to-date figure however decreased. The allocation once known; will most definitely influence the consumer debtor. 3.2.2.3 Non-current Liabilities The value of non-current liabilities is unchanged due the non-passing of the short term entries. This together with the already mentioned entries for the provisions will ensure that the correct in-year amounts are reflected on the financial position. 3.2.2.4 Liquidity Ratio Current ratio Total current assets Total current liabilities 51 190 553.93 39 526 604.43 1.30 This measure estimates whether the municipality can pay debts due within one year from assets that it expects to turn into cash within that year. A ratio of less than one is often a cause for concern, particularly if it persists for any length of time. The ratio is greater than one and the municipality will be able to overcome their short term debt. 3.2.2.5 Stability Ratio Gearing ratio Borrowing Net Assets 40 162 618.92 231 567 756.36 17% Gearing measures the proportion of assets invested in the municipality that are financed by borrowing. The higher the level of borrowing the higher are the risks to the municipality, since the payment of interest and repayment of debts are not "optional" in the same way as dividends. If the financial leverage ratio of a company is higher than 100%, it indicates financial weakness. The municipality is in a good position as can be seen by the low 17%.

SWELLENDAM MUNICIPALITY PAGE 17 3.2.3 Cash Flow The detail of this section can be found in Section 4 of this report Table C7 (Financial Position). The balance at the end of the period for the cash flow statement is amounts to R 30.490 m.

SWELLENDAM MUNICIPALITY PAGE 18 Section 4 In-year budget statement table 4.1 Monthly budget statements 4.1.1 Table C1: Monthly Statement Summary This table provide a summary of the most important information by pulling its information from the other tables to follow. WC034 Swellendam - Table C1 Consolidated Monthly Statement Summary - M07 January 2013/14 Audited Original Adjusted Monthly Outcome actual actual budget variance variance R thousands % Financial Performance YearTD YearTD Full Year Forecast Property rates 22 567 30 262 30 262 (60) 26 447 17 653 8 794 50% 26 714 Service charges 78 470 95 851 95 851 7 389 49 261 55 913 (6 652) -12% 82 518 Inv estment rev enue 665 450 450 78 507 263 245 93% 1 078 Transfers recognised - operational 47 316 49 964 50 348 893 38 874 29 370 9 504 32% 50 348 Other own revenue 13 071 8 689 8 689 953 7 399 5 069 2 331 46% 11 128 Total Revenue (excluding capital transfers 162 089 185 216 185 600 9 254 122 488 108 267 14 221 13% 171 786 and contributions) Employee costs 51 956 66 828 66 828 4 500 33 301 38 983 (5 682) -15% 54 386 Remuneration of Councillors 3 298 3 526 3 526 261 1 862 2 057 (195) -9% 3 229 Depreciation & asset impairment 6 002 8 944 8 944 4 287 5 217 (930) -18% 5 144 Finance charges 5 920 6 136 6 136 1 911 3 579 (1 668) -47% 6 136 Materials and bulk purchases 37 934 43 366 43 366 3 042 22 588 25 297 (2 709) -11% 39 758 Transfers and grants 1 495 1 690 1 690 83 705 986 (281) 1 690 Other expenditure 57 533 65 189 65 521 2 685 38 391 38 221 170 0% 68 142 Total Expenditure 164 138 195 679 196 012 10 570 103 045 114 340 (11 295) -10% 178 486 Surplus/(Deficit) (2 049) (10 463) (10 411) (1 317) 19 442 (6 073) 25 516-420% (6 699) Transfers recognised - capital 17 696 11 016 28 087 (1 486) 11 764 16 384 (4 620) -28% 28 087 Contributions & Contributed assets Surplus/(Deficit) after capital transfers & contributions 15 647 553 17 676 (2 803) 31 207 10 311 20 896 203% 21 388 Share of surplus/ (deficit) of associate Surplus/ (Deficit) for the year 15 647 553 17 676 (2 803) 31 207 10 311 20 896 203% 21 388 Capital expenditure & funds sources Capital expenditure 18 762 19 275 724 12 044 11 244 800 7% 34 720 Capital transfers recognised 10 773 28 087 721 11 897 16 384 (4 487) -27% 50 Public contributions & donations Borrowing 7 989 7 746 3 146 4 519 (4 372) -97% Internally generated funds 35 783 Total sources of capital funds 18 762 35 833 724 12 044 20 903 (8 859) -42% 35 833 Financial position Total current assets 17 216 32 404 32 404 51 191 32 404 Total non current assets 248 215 288 446 288 446 260 870 288 446 Total current liabilities 29 387 40 643 40 643 42 695 40 643 Total non current liabilities 38 744 67 322 67 322 42 378 67 322 Community wealth/equity 208 496 212 884 212 884 226 988 212 884 Cash flows Net cash from (used) operating 48 633 10 525 27 980 2 920 15 368 19 901 (4 533) -23% 10 525 Net cash from (used) inv esting (29 429) (18 690) (18 690) (724) (4 044) 34 091 (38 135) -112% (18 690) Net cash from (used) financing (1 700) 5 688 5 688 17 204 14 137 (13 933) -99% (2 058) Cash/cash equivalents at the month/year end 37 879 4 745 22 200 13 456 75 352 (61 896) -82% (8 296) Debtors & creditors analysis 0-30 Days 31-60 Days 61-90 Days 91-120 Days 121-150 Dys 151-180 Dys Debtors Age Analysis Description 181 Dys- Over 1Yr 1 Yr Total By Income Source 8 679 1 307 972 953 810 1 719 3 403 17 588 35 431 Creditors Age Analysis Year 2014/15 Total Creditors 892 160 5 1 1 058 Total

SWELLENDAM MUNICIPALITY PAGE 19 4.1.2 Table C2: Monthly Statement - Financial Performance (standard classification) WC034 Swellendam - Table C2 Consolidated Monthly Statement - Financial Performance (standard classification) - M07 January 2013/14 Year 2014/15 Description Ref Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance variance Full Year Forecast R thousands 1 % Revenue - Standard Governance and administration 53 236 56 257 56 257 345 44 712 33 614 11 098 33% 76 649 Executiv e and council 47 187 51 213 51 213 (60) 42 480 29 875 12 605 42% 72 822 and treasury office Corporate services 6 049 5 043 5 043 405 2 233 3 740 (1 507) -40% 3 827 Community and public safety 20 600 25 739 26 491 1 065 21 010 15 453 5 557 36% 36 017 Community and social services 20 596 25 737 26 489 1 065 21 007 15 452 5 555 36% 36 012 Sport and recreation 4 2 2 3 1 1 92% 5 Public safety Housing Health Economic and environmental services 26 370 18 346 35 052 (1 037) 19 223 20 447 (1 224) -6% 32 954 Planning and development 194 167 167 6 113 97 15 16% 193 Road transport 26 176 18 179 34 885 (1 043) 19 110 20 349 (1 239) -6% 32 760 Env ironmental protection Trading services 78 610 95 891 95 887 7 394 49 307 55 934 (6 627) -12% 84 526 Electricity 51 636 63 461 63 458 4 569 31 343 37 017 (5 674) -15% 53 731 Water 9 390 10 997 10 997 1 068 6 141 6 415 (274) -4% 10 528 Waste water management 11 224 13 812 13 811 1 083 7 240 8 056 (816) -10% 12 412 Waste management 6 359 7 621 7 621 673 4 582 4 446 137 3% 7 855 Other 4 Total Revenue - Standard 2 178 815 196 232 213 687 7 767 134 252 125 448 8 804 7% 230 146 Expenditure - Standard Governance and administration 47 518 47 984 47 984 2 485 25 336 23 410 1 927 8% 43 434 Executiv e and council 20 292 20 499 20 499 875 8 389 11 958 (3 568) -30% 14 381 and treasury office Corporate services 27 225 27 485 27 485 1 610 16 947 11 452 5 495 48% 29 053 Community and public safety 33 203 39 156 39 488 1 850 27 328 23 035 4 293 19% 46 848 Community and social services 31 748 37 348 37 680 1 752 26 505 21 980 4 525 21% 45 438 Sport and recreation 235 200 200 3 54 117 (63) -54% 92 Public safety 1 220 1 608 1 608 96 769 938 (169) -18% 1 318 Housing Health Economic and environmental services 22 212 28 061 28 036 1 672 13 193 16 354 (3 161) -19% 22 617 Planning and development 1 154 2 449 2 449 143 1 039 1 429 (389) -27% 1 781 Road transport 21 058 25 611 25 586 1 529 12 154 14 925 (2 771) -19% 20 836 Env ironmental protection Trading services 60 131 79 112 79 137 4 563 36 642 46 163 (9 521) -21% 62 815 Electricity 42 047 55 106 55 106 3 282 26 741 32 145 (5 404) -17% 45 842 Water 8 459 11 039 11 064 590 4 408 6 454 (2 046) -32% 7 557 Waste water management 5 066 7 137 7 137 393 3 107 4 163 (1 056) -25% 5 327 Waste management 4 559 5 829 5 829 298 2 385 3 400 (1 015) -30% 4 089 Other 1 083 1 367 1 367 0 543 797 (254) -32% 931 Total Expenditure - Standard 3 164 147 195 679 196 011 10 570 103 043 109 759 (6 716) -6% 176 645 Surplus/ (Deficit) for the year 14 668 553 17 676 (2 803) 31 209 15 690 15 520 99% 53 501 This table reflects the operating budget (Financial Performance) in the standard classifications which are the Government Finance Statistics Functions and Sub-functions. These are used by National Treasury to assist the compilation of national and international accounts for comparison purposes, regardless of the unique organisational structures used by the different institutions.

SWELLENDAM MUNICIPALITY PAGE 20 4.1.3 Table C3: Monthly Statement - Financial WC034 Swellendam - Table C3 Consolidated Monthly Statement - Financial Performance (revenue and expenditure by municipal vote) - M07 Vote Description 2013/14 Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance R thousands % Revenue by Vote 1 variance Full Year Forecast Vote 1 - Municipal Manager 161 114 114 12 34 67 (33) -49.5% 43 Vote 2 - Corporate Serv ices 47 910 52 005 52 005 (18) 42 906 30 336 12 569 41.4% 54 056 Vote 3 - Finance Service 5 520 4 493 4 493 369 1 919 2 621 (702) -26.8% 3 100 Vote 4 - Engineers Serv ice 92 220 101 014 117 719 5 062 58 946 68 670 (9 724) -14.2% 107 767 Vote 5 - Community Serv ices 33 004 38 607 39 356 2 342 30 447 22 957 7 490 32.6% 56 211 Vote 6 - [NAME OF VOTE 6] Vote 7 - [NAME OF VOTE 7] Vote 8 - [NAME OF VOTE 8] Vote 9 - [NAME OF VOTE 9] Vote 10 - [NAME OF VOTE 10] Vote 11 - [NAME OF VOTE 11] Vote 12 - [NAME OF VOTE 12] Vote 13 - [NAME OF VOTE 13] Vote 14 - [NAME OF VOTE 14] Vote 15 - [NAME OF VOTE 15] Total Revenue by Vote 2 178 815 196 232 213 687 7 767 134 252 124 651 9 601 7.7% 221 178 Expenditure by Vote 1 Ref Year 2014/15 Vote 1 - Municipal Manager 7 387 7 395 7 395 402 3 552 4 314 (762) -17.7% 7 102 Vote 2 - Corporate Serv ices 21 391 24 711 24 711 1 156 10 239 14 415 (4 176) -29.0% 17 552 Vote 3 - Finance Serv ice 21 020 19 830 19 830 1 061 13 078 11 567 1 511 13.1% 22 420 Vote 4 - Engineers Serv ice 71 323 93 365 93 365 5 342 43 381 54 463 (11 081) -20.3% 74 368 Vote 5 - Community Serv ices 43 012 50 378 50 711 2 610 32 794 29 581 3 213 10.9% 56 218 Vote 6 - [NAME OF VOTE 6] Vote 7 - [NAME OF VOTE 7] Vote 8 - [NAME OF VOTE 8] Vote 9 - [NAME OF VOTE 9] Vote 10 - [NAME OF VOTE 10] Vote 11 - [NAME OF VOTE 11] Vote 12 - [NAME OF VOTE 12] Vote 13 - [NAME OF VOTE 13] Vote 14 - [NAME OF VOTE 14] Vote 15 - [NAME OF VOTE 15] Total Expenditure by Vote 2 164 132 195 679 196 012 10 570 103 044 114 340 (11 296) -9.9% 177 661 Surplus/ (Deficit) for the year 2 14 683 553 17 676 (2 803) 31 208 10 311 20 897 202.7% 43 517 The budget is approved by Council on the municipal vote level. The municipal votes reflect the organisational structure of the municipality. On the next paged; as part of Table C3; a table with the sub-votes is also prepared.

SWELLENDAM MUNICIPALITY PAGE 21 4.1.3 Table C3C: Monthly Statement - Financial WC034 Swellendam - Table C3 Consolidated Monthly Statement - Financial Performance (revenue and expenditure by municipal vote) - A - M07 Janu Vote Description Ref 2013/14 Year 2014/15 R thousand Audited Original Adjusted Monthly YearTD YearTD Full Year variance variance Outcome actual actual budget Forecast % Revenue by Vote 1 Vote 1 - Municipal Manager 161 114 114 12 34 67 (33) -49% 43 1.1 - Municipal Manager 1.2 - Tourism 1.3 - Local Economic Dev elopment 1.4 - IDP 1.5 - Rented Buildings 161 114 114 12 34 67 (176) -265% 43 Vote 2 - Corporate Services 47 910 52 005 52 005 (18) 42 906 30 336 12 569 41% 54 056 2.1 - Building Control 524 550 550 36 311 321 30 9% 550 2.2 - Council General 47 187 51 213 51 213 (60) 42 480 29 875 (1 805) -6% 53 288 2.3 - Corporate Services 5 2 2 #DIV/0! 5 2.4 - Human Resources 2.5 - Meent 2.6 - Town Planning 194 167 167 6 113 97 11 11% 213 2.7 - Commonage 74 74 43 Vote 3 - Finance Service 5 520 4 493 4 493 369 1 919 2 621 (702) -27% 3 100 3.1 - Financial Services 5 520 4 493 4 493 369 1 919 2 621 (351) -13% 3 100 3.2 - Stores Vote 4 - Engineers Service 92 220 101 014 117 719 5 062 58 946 68 670 (9 724) -14% 107 767 4.1 - Electricity 51 636 63 461 63 461 4 569 31 343 37 019 (5 676) -15% 53 548 4.2 - Engineers Services 19 960 12 716 29 422 (1 658) 14 221 17 163 (2 942) -17% 31 759 4.3 - Main Roads 20 20 12 (12) -100% 4.4 - Office Buildings 4.5 - Sewerage 11 222 13 812 13 812 1 083 7 240 8 057 (817) -10% 12 314 4.6 - Stormw ater 2 4.7 - Street Lights 4.8 - Streets 10 8 8 5 (1) -14% 4.9 - Water 9 390 10 997 10 997 1 068 6 141 6 415 255 4% 10 146 4.10 - Workshop Fleet Vote 5 - Community Services 33 004 38 607 39 356 2 342 30 447 22 957 7 490 33% 56 211 5.1 - Caravan Park 662 548 548 72 414 320 14 4% 684 5.2 - Cemeteries 32 20 20 5 20 12 1 12% 29 5.3 - Community Services 17 773 21 066 21 398 713 18 291 12 482 (1 733) -14% 35 155 5.4 - Library 1 925 3 911 4 328 262 2 248 2 525 (324) -13% 3 971 5.5 - Parks 5.6 - Pound 43 3 3 0 1 2 (0) -14% 1 5.7 - Refuse 6 359 7 621 7 621 673 4 582 4 446 317 7% 7 817 5.8 - Sports And Recreations 4 2 2 3 1 1 92% 5 5.9 - Traffic And Licensing 6 206 5 435 5 435 616 4 889 3 170 188 6% 8 547 Total Revenue by Vote 2 178 815 196 232 213 687 7 767 134 252 124 651 9 601 8% 221 178

SWELLENDAM MUNICIPALITY PAGE 22 Expenditure by Vote 1 Vote 1 - Municipal Manager 7 387 7 395 7 395 402 3 552 4 314 (762) -18% 7 102 1.1 - Municipal Manager 5 860 5 884 5 884 401 2 992 3 432 (440) -13% 5 984 1.2 - Tourism 1 083 1 367 1 367 0 543 797 (254) -32% 1 087 1.3 - Local Economic Development 354 58 58 0 1 34 (33) -98% 1 1.4 - IDP 86 63 63 0 12 37 (25) -69% 23 1.5 - Rented Buildings 3 23 23 4 13 (9) -68% 7 Vote 2 - Corporate Services 21 391 24 711 24 711 1 156 10 239 14 415 (4 176) -29% 17 552 2.1 - Building Control 490 32 32 3 19 (0) -2% 6 2.2 - Corporate Services 5 634 7 209 7 209 540 3 791 4 205 (112) -3% 6 499 2.3 - Council General 13 992 14 494 14 494 473 5 385 8 455 (847) -10% 9 231 2.4 - Human Resources 2.5 - Meent 2.6 - Town Planning 1 274 2 449 2 449 143 1 039 1 429 (92) -6% 1 781 2.7 - Commonage 527 527 20 307 (24) -8% 35 Vote 3 - Finance Service 21 020 19 830 19 830 1 061 13 078 11 567 1 511 13% 22 420 3.1 - Financial Services 20 740 19 811 19 811 1 061 13 078 11 557 1 522 13% 22 420 3.2 - Stores 280 18 18 11 (11) -100% Vote 4 - Engineers Service 71 323 93 365 93 365 5 342 43 381 54 463 (11 081) -20% 74 368 4.1 - Electricity 42 047 55 106 55 106 3 282 26 741 32 145 (5 404) -17% 45 842 4.2 - Engineers Services 6 437 8 053 8 053 536 3 899 4 698 (799) -17% 6 684 4.3 - Main Roads 24 24 14 (14) -100% 4.4 - Office Buildings 81 414 414 10 74 242 (167) -69% 127 4.5 - Sewerage 4 325 6 467 6 467 361 2 702 3 773 (1 071) -28% 4 631 4.6 - Stormwater 742 670 670 31 405 391 15 4% 695 4.7 - Street Lights 1 220 1 608 1 608 96 769 938 (169) -18% 1 318 4.8 - Streets 7 664 9 736 9 736 436 4 380 5 679 (1 299) -23% 7 508 4.9 - Water 8 333 11 039 11 039 590 4 408 6 440 (2 031) -32% 7 557 4.10 - Workshop Fleet 475 247 247 0 2 144 (142) -98% 4 Vote 5 - Community Services 43 012 50 378 50 711 2 610 32 794 29 581 3 213 11% 56 218 5.1 - Caravan Park 748 1 223 1 223 57 503 713 (210) -29% 863 5.2 - Cemeteries 144 143 143 3 26 84 (57) -69% 45 5.3 - Community Services 21 699 24 752 25 085 1 039 20 249 14 633 5 616 38% 34 713 5.4 - Library 3 505 3 526 3 526 244 2 288 2 057 231 11% 3 922 5.5 - Parks 5 637 7 143 7 143 409 3 410 4 167 (756) -18% 5 846 5.6 - Pound 12 10 10 3 6 (3) -47% 5 5.7 - Refuse 4 551 5 829 5 829 298 2 385 3 400 (1 015) -30% 4 089 5.8 - Sports And Recreations 235 200 200 3 54 117 (63) -54% 92 5.9 - Traffic And Licensing 6 481 7 551 7 551 557 3 875 4 405 (530) -12% 6 643 Total Expenditure by Vote 2 164 132 195 679 196 012 10 570 103 044 114 340 (11 296) (0) 177 661 Surplus/ (Deficit) for the year 2 14 683 553 17 676 (2 803) 31 208 10 311 20 897 0 43 517

SWELLENDAM MUNICIPALITY PAGE 23 4.1.5Table C4: Monthly Statement - Financial Performance (revenue and expenditure) This table reflects the operating budget and actual figures of the financial performance. The revenue is specifically set out by source due to the fact that Council approves the revenue budget by source and the expenditure budget by vote. WC034 Swellendam - Table C4 Consolidated Monthly Statement - Financial Performance (revenue and expenditure) - M07 January 2013/14 Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance R thousands % variance Full Year Revenue By Source Property rates 22 567 30 262 30 262 (60) 26 447 17 653 8 794 50% 26 714 Property rates - penalties & collection charges Service charges - electricity revenue 50 565 63 423 63 423 4 565 31 303 36 997 (5 693) -15% 52 545 Service charges - water revenue 10 309 10 985 10 985 1 067 6 125 6 408 (283) -4% 9 966 Service charges - sanitation revenue 11 210 13 812 13 812 1 083 7 240 8 057 (817) -10% 12 231 Service charges - refuse revenue 6 359 7 621 7 621 673 4 582 4 446 137 3% 7 764 Service charges - other 26 10 10 1 9 6 4 62% 13 Rental of facilities and equipment 1 197 912 912 113 736 532 204 38% 1 199 Interest earned - ex ternal inv estments 665 450 450 78 507 263 245 93% 813 Interest earned - outstanding debtors 636 1 300 1 300 139 255 758 (503) -66% 265 Div idends receiv ed Fines 3 597 3 269 3 269 440 3 112 1 907 1 205 63% 5 247 Licences and permits 2 643 1 Agency services 25 2 185 2 185 178 1 792 1 275 518 41% 3 078 Transfers recognised - operational 47 316 49 964 50 348 893 38 874 29 370 9 504 32% 50 348 Other revenue 4 973 1 024 1 024 83 748 597 151 25% 1 337 Gains on disposal of PPE 756 756 #DIV/0! Total Revenue (excluding capital transfers and contributions) 162 089 185 216 185 600 9 254 122 488 108 267 14 221 13% 171 521 Expenditure By Type Forecast Employee related costs 51 956 66 828 66 828 4 500 33 301 38 983 (5 682) -15% 54 386 Remuneration of councillors 3 298 3 526 3 526 261 1 862 2 057 (195) -9% 3 229 Debt impairment 2 765 2 765 1 613 (1 613) -100% Depreciation & asset impairment 6 002 8 944 8 944 4 287 5 217 (930) -18% 5 144 Finance charges 5 920 6 136 6 136 1 911 3 579 (1 668) -47% 6 136 Bulk purchases 36 751 41 848 41 848 2 856 22 149 24 411 (2 262) -9% 39 274 Other materials 1 184 1 519 1 519 185 439 886 (447) -50% 484 Contracted serv ices 1 591 Transfers and grants 1 495 1 690 1 690 83 705 986 (281) -28% 1 690 Other expenditure 55 942 62 424 62 756 2 685 38 391 36 608 1 783 5% 68 142 Loss on disposal of PPE Total Expenditure 164 138 195 679 196 012 10 570 103 045 114 340 (11 295) -10% 178 486 Surplus/(Deficit) (2 049) (10 463) (10 411) (1 317) 19 442 (6 073) 25 516 (0) (6 964) Transfers recognised - capital 17 696 11 016 28 087 (1 486) 11 764 16 384 (4 620) (0) 28 087 Contributions recognised - capital Contributed assets Surplus/(Deficit) after capital transfers & contributions Tax ation 15 647 553 17 676 (2 803) 31 207 10 311 21 123 Surplus/(Deficit) after taxation 15 647 553 17 676 (2 803) 31 207 10 311 21 123 Attributable to minorities Description Surplus/(Deficit) attributable to municipality 15 647 553 17 676 (2 803) 31 207 10 311 21 123 Share of surplus/ (deficit) of associate Ref Year 2014/15 Surplus/ (Deficit) for the year 15 647 553 17 676 (2 803) 31 207 10 311 21 123

SWELLENDAM MUNICIPALITY PAGE 24 4.1.6 Table C5: Monthly Statement - Capital Expenditure (municipal vote, standard classification and funding)

SWELLENDAM MUNICIPALITY PAGE 25 WC034 Swellendam - Table C5 Consolidated Monthly Statement - Capital Expenditure (municipal vote, standard classification and funding - M07 January 2013/14 Year 2014/15 Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance R thousands 1 % Multi-Year expenditure appropriation 2 variance Full Year Forecast Vote 1 - Municipal Manager Vote 2 - Corporate Serv ices Vote 3 - Finance Service 529 529 48 97 309 (211) -68% 529 Vote 4 - Engineers Service 910 910 531 (531) -100% Vote 5 - Community Serv ices Vote 6 - [NAME OF VOTE 6] Vote 7 - [NAME OF VOTE 7] Vote 8 - [NAME OF VOTE 8] Vote 9 - [NAME OF VOTE 9] Vote 10 - [NAME OF VOTE 10] Vote 11 - [NAME OF VOTE 11] Vote 12 - [NAME OF VOTE 12] Vote 13 - [NAME OF VOTE 13] Vote 14 - [NAME OF VOTE 14] Vote 15 - [NAME OF VOTE 15] Total Capital Multi-year expenditure 4,7 1 439 1 439 48 97 840 (742) -88% 529 Single Year expenditure appropriation 2 Vote 1 - Municipal Manager Vote 2 - Corporate Services 368 368 3 7 215 (207) -97% 368 Vote 3 - Finance Serv ice Vote 4 - Engineers Service 14 612 14 760 673 11 684 8 610 3 074 36% 32 228 Vote 5 - Community Services 2 343 2 708 255 1 580 (1 325) -84% 1 595 Vote 6 - [NAME OF VOTE 6] Vote 7 - [NAME OF VOTE 7] Vote 8 - [NAME OF VOTE 8] Vote 9 - [NAME OF VOTE 9] Vote 10 - [NAME OF VOTE 10] Vote 11 - [NAME OF VOTE 11] Vote 12 - [NAME OF VOTE 12] Vote 13 - [NAME OF VOTE 13] Vote 14 - [NAME OF VOTE 14] Vote 15 - [NAME OF VOTE 15] Total Capital single-year expenditure 4 17 322 17 836 676 11 946 10 404 1 542 15% 34 191 Total Capital Expenditure 18 762 19 275 724 12 044 11 244 800 7% 34 720 Capital Expenditure - Standard Classification Governance and administration 1 006 1 006 48 138 587 (449) -76% 1 006 Executiv e and council 50 50 29 (29) -100% 50 and treasury office 529 529 48 97 309 (211) -68% 529 Corporate services 427 427 41 249 (208) -84% 427 Community and public safety 2 343 2 709 52 434 1 580 (1 146) -73% 2 708 Community and social services 2 343 2 709 255 1 580 (1 325) -84% 2 708 Sport and recreation Public safety 52 179 179 #DIV/0! Housing Health Economic and environmental services 3 132 3 132 145 1 141 1 827 (685) -38% 3 132 Planning and development 291 291 3 3 170 (167) -98% 291 Road transport 2 840 2 840 142 1 138 1 657 (518) -31% 2 840 Env ironmental protection Trading services 12 282 28 988 479 10 330 16 910 (6 580) -39% 24 629 Electricity 1 000 1 000 583 (583) -100% 1 000 Water 6 923 6 923 265 3 115 4 038 (923) -23% 6 923 Waste water management 4 359 21 065 214 7 214 12 288 (5 073) -41% 16 706 Waste management Other Total Capital Expenditure - Standard Classification 3 18 762 35 834 724 12 044 20 903 (8 860) -42% 31 474 Funded by: Vote Description Ref National Government 10 418 27 123 669 11 594 15 822 (4 228) -27% 50 Provincial Government 355 964 252 562 (310) -55% District Municipality Other transfers and grants #VALUE! #VALUE! Transfers recognised - capital 10 773 28 087 669 11 846 16 384 (4 538) -28% 50 Public contributions & donations 5 Borrowing 6 7 989 7 746 55 198 4 519 (4 320) -96% Internally generated funds 35 783 Total Capital Funding 18 762 35 833 724 12 044 20 903 (8 858) -42% 35 833

SWELLENDAM MUNICIPALITY PAGE 26 4.1.7 Table C6: Monthly Statement Financial Position WC034 Swellendam - Table C6 Consolidated Monthly Statement - Financial Position - M07 January 2013/14 Year 2014/15 Description Ref Audited Original Adjusted YearTD Full Year R thousands 1 ASSETS Current assets Outcome actual Forecast Cash 3 892 2 870 2 870 20 889 2 870 Call inv estment deposits 1 127 1 875 1 875 8 000 1 875 Consumer debtors 6 381 7 880 7 880 8 040 7 880 Other debtors 4 643 3 000 3 000 13 273 3 000 Current portion of long-term receiv ables 80 80 80 Inv entory 1 173 16 700 16 700 989 16 700 Total current assets 17 216 32 404 32 404 51 191 32 404 Non current assets Long-term receiv ables 348 123 123 348 123 Inv estments Inv estment property 25 404 25 314 25 314 25 404 25 314 Inv estments in Associate Property, plant and equipment 222 409 259 266 259 266 235 040 259 266 Agricultural Biological assets Intangible assets 55 55 55 79 55 Other non-current assets 3 688 3 688 3 688 Total non current assets 248 215 288 446 288 446 260 870 288 446 TOTAL ASSETS 265 432 320 850 320 850 312 061 320 850 LIABILITIES Current liabilities Bank ov erdraft Borrow ing 2 151 2 151 2 151 Consumer deposits 1 152 1 272 1 272 1 376 1 272 Trade and other pay ables 18 216 27 127 27 127 9 821 27 127 Prov isions 10 019 10 093 10 093 28 330 10 093 Total current liabilities 29 387 40 643 40 643 39 527 40 643 Non current liabilities Borrow ing 36 172 37 816 37 816 40 163 37 816 Prov isions 2 572 29 506 29 506 2 216 29 506 Total non current liabilities 38 744 67 322 67 322 42 378 67 322 TOTAL LIABILITIES 68 131 107 965 107 965 81 905 107 965 NET ASSETS 2 197 300 212 884 212 884 230 156 212 884 COMMUNITY WEALTH/EQUITY Accumulated Surplus/(Deficit) 204 520 209 084 209 084 226 208 209 084 Reserv es 3 977 3 800 3 800 3 947 3 800 TOTAL COMMUNITY WEALTH/EQUITY 2 208 496 212 884 212 884 230 156 212 884

SWELLENDAM MUNICIPALITY PAGE 27 4.1.8 Table C7: Monthly Statement - Cash Flow WC034 Swellendam - Table C7 Consolidated Monthly Statement - Cash Flow - M07 January 2013/14 Year 2014/15 Description Ref Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance variance Full Year Forecast R thousands 1 % CASH FLOW FROM OPERATING ACTIVITIES Receipts Ratepayers and other 107 017 128 286 128 286 16 251 77 662 74 834 2 828 4% 128 286 Gov ernment - operating 49 964 50 348 167 38 727 29 370 9 357 32% 49 964 Gov ernment - capital 11 016 28 087 1 004 19 465 16 384 3 081 19% 11 016 Interest 3 386 1 750 1 750 78 507 1 021 (514) -50% 1 750 Div idends Payments Suppliers and employees (59 303) (172 665) (172 665) (10 418) (102 718) (100 721) 1 997-2% (172 665) Finance charges (2 467) (6 136) (6 136) (535) 535 #DIV/0! (6 136) Transfers and Grants (1 690) (1 690) (83) (705) (986) (281) 28% (1 690) NET CASH FROM/(USED) OPERATING ACTIVITIES 48 633 10 525 27 980 6 999 32 403 19 901 12 501 63% 10 525 CASH FLOWS FROM INVESTING ACTIVITIES Receipts Proceeds on disposal of PPE Decrease (Increase) in non-current debtors 72 72 72 Decrease (increase) other non-current receiv ables 68 Decrease (increase) in non-current inv estments 8 000 8 000 #DIV/0! Payments Capital assets (29 497) (18 762) (18 762) (724) (12 044) 34 091 46 135 135% (18 762) NET CASH FROM/(USED) INVESTING ACTIVITIES (29 429) (18 690) (18 690) (724) (4 044) 34 091 38 135 112% (18 690) CASH FLOWS FROM FINANCING ACTIVITIES Receipts Short term loans Borrowing long term/refinancing 7 746 7 746 11 667 (11 667) -100% Increase (decrease) in consumer deposits 32 60 60 17 204 1 660 (1 456) -88% 60 Payments Repay ment of borrow ing (1 732) (2 118) (2 118) 811 811 100% (2 118) NET CASH FROM/(USED) FINANCING ACTIVITIES (1 700) 5 688 5 688 17 204 14 137 13 933 99% (2 058) NET INCREASE/ (DECREASE) IN CASH HELD 17 504 (2 476) 14 979 6 293 28 563 68 130 (10 222) Cash/cash equiv alents at beginning: 20 375 7 222 7 222 1 927 7 222 1 927 Cash/cash equiv alents at month/y ear end: 37 879 4 745 22 200 30 490 75 352 (8 296)

SWELLENDAM MUNICIPALITY PAGE 28 PART 2 SUPPORTING DOCUMENTATION Section 5Debtors' analysis 5.1 Supporting Table SC3 WC034 Swellendam - Supporting Table SC3 Monthly Statement - aged debtors - M07 January Description Year 2014/15 Actual Bad Total Impairment - NT Debts Written 0-30 Days 31-60 Days 61-90 Days 91-120 Days 121-150 Dys 151-180 Dys 181 Dys-1 Yr Over 1Yr Total over 90 Bad Debts i.t.o Code Off against days Council Policy R thousands Debtors Debtors Age Analysis By Income Source Trade and Other Receiv ables from Ex change Transactions - Water 1200 2 608 384 329 276 345 243 1 746 5 556 11 488 8 167 Trade and Other Receiv ables from Ex change Transactions - Electricity 1300 4 019 374 297 144 113 124 530 2 115 7 716 3 026 Receivables from Non-exchange Transactions - Property Rates 1400 1 533 233 127 105 97 90 528 2 236 4 948 3 056 Receivables from Exchange Transactions - Waste Water Management 1500 1 352 218 168 128 116 121 583 2 841 5 527 3 789 Receivables from Exchange Transactions - Waste Management 1600 870 139 111 87 77 66 346 1 746 3 442 2 322 Receivables from Exchange Transactions - Property Rental Debtors 1700 25 4 2 2 4 2 18 119 175 145 Interest on Arrear Debtor Accounts 1810 28 15 38 28 46 38 339 2 109 2 640 2 559 Recoverable unauthorised, irregular, fruitless and wasteful expenditure 1820 Other 1900 (1 662) 63 40 119 43 54 525 825 8 1 567 Total By Income Source 2000 8 773 1 429 1 112 889 842 737 4 615 17 547 35 943 24 630 2013/14 - totals only Debtors Age Analysis By Customer Group Organs of State 2200 293 133 84 1 110 298 298 298 298 2 812 2 301 Commercial 2300 2 624 163 131 112 143 92 777 1 377 5 417 2 500 Households 2400 5 482 838 637 512 541 511 2 798 14 761 26 080 19 123 Other 2500 374 294 260 (846) (140) (163) 743 1 111 1 634 706 Total By Customer Group 2600 8 773 1 429 1 112 889 842 737 4 615 17 547 35 943 24 630 Table SC3 is the only debtors report required by the MBRR. The age analysis includes all debtor accounts from the billing module. This only includes debtor amounts that originated from a billing perspective. Section 6Creditors' analysis 6.1 Supporting Table SC4 WC034 Swellendam - Supporting Table SC4 Monthly Statement - aged creditors - M07 January Year 2014/15 Prior y ear Description NT 0-31 - 61-91 - 121-151 - 181 Days - Over 1 Total totals for chart Code R thousands 30 Days 60 Days 90 Days 120 Days 150 Days 180 Days 1 Year Year (same period) Creditors Age Analysis By Customer Type Bulk Electricity 0100 Bulk Water 0200 PAYE deductions 0300 VAT (output less input) 0400 Pensions / Retirement deductions 0500 Loan repay ments 0600 145 622 183 1 951 Trade Creditors 0700 Auditor General 0800 Other 0900 Total By Customer Type 1000 145 622 183 1 951

SWELLENDAM MUNICIPALITY PAGE 29 Section 7Investment portfolio analysis 7.1 Supporting Table SC5 WC034 Swellendam - Supporting Table SC5 Monthly Statement - investment portfolio - M07 January Investments by maturity Name of institution & investment ID Ref R thousands Municipality Type of Expiry date Period of Investment Investment of investment Yrs/Months Accrued Yield for the interest for month 1 the month (%) Market value at beginning of the month Change in Market market value at end value of the month Nedbank Call Call 18 4 000 Absa Bank Call Call 19 4 000 Municipality sub-total 37 8 000 Entities Entities sub-total TOTAL INVESTMENTS AND INTEREST 2 37 8 000

SWELLENDAM MUNICIPALITY PAGE 30 Section 8 Allocation and grant receipts and expenditure 8.1 Supporting Table SC6 Grant receipts

SWELLENDAM MUNICIPALITY PAGE 31 WC034 Swellendam - Supporting Table SC6 Monthly Statement - transfers and grant receipts - M07 January 2013/14 Year 2014/15 Description Ref Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance variance R thousands % RECEIPTS: 1,2 Full Year Forecast Operating Transfers and Grants National Government: 24 321 25 758 17 895 8 288 6 979 84.2% Local Gov ernment Equitable Share 19 857 20 938 15 267 8 288 6 979 84.2% Finance Management 1 400 1 600 1 600 Municipal Systems Improvement 320 115 115 EPWP Incentive 1 000 1 305 913 Integrated National Electrification Programme Municipal Infrastructure Grant 3 1 744 1 800 Other transfers and grants [insert description] Provincial Government: 28 770 24 207 167 21 862 17 972 #DIV/0! Housing 25 554 20 894 17 266 17 266 #DIV/0! Library Serv ices 344 800 167 800 CDW 66 Organisational Redesign 4 1 100 Financial Support 1 683 706 706 #DIV/0! Mainroad 23 20 Upgrading of Roads SETA Library Services-MRF 3 482 2 493 1 030 3 090 Other transfers and grants [insert description] District Municipality: [insert description] Other grant providers: Total Operating Transfers and Grants 5 53 091 49 964 167 39 757 8 288 24 951 301.0% Capital Transfers and Grants National Government: 27 610 10 418 1 004 19 465 18 646 #DIV/0! Local Gov ernment Equitable Share Finance Management Municipal Systems Improvement 570 819 819 EPWP Incentive Integrated National Electrification Programme Municipal Infrastructure Grant 9 298 9 599 11 059 11 059 #DIV/0! Department of Water Affairs 17 742 1 004 7 587 7 587 #DIV/0! RBIC Other capital transfers [insert description] Provincial Government: 355 Library Services-MRF 355 Housing Infrastructure District Municipality: [insert description] Other grant providers: [insert description] Total Capital Transfers and Grants 5 27 610 10 773 1 004 19 465 18 646 #DIV/0! TOTAL RECEIPTS OF TRANSFERS & GRANTS 5 80 701 60 737 1 171 59 222 8 288 43 597 526.0%

SWELLENDAM MUNICIPALITY PAGE 32 8.2 Supporting Table SC7 (1) Grant expenditure WC034 Swellendam - Supporting Table SC7(1) Monthly Statement - transfers and grant expenditure - M07 January 2013/14 Year 2014/15 Description Ref Audited Outcome Original Adjusted Monthly actual YearTD actual YearTD budget variance variance R thousands % EXPENDITURE Full Year Forecast Operating expenditure of Transfers and Grants National Government: 24 321 25 758 1 929 15 151 1 878 12 071 642.8% Local Gov ernment Equitable Share 19 857 20 938 1 745 12 215 1 745 10 470 600.1% Finance Management 1 400 1 600 25 832 133 699 525.6% Municipal Systems Improvement 320 115 6 15 15 #DIV/0! EPWP Incentive 1 000 1 305 144 887 887 #DIV/0! Integrated National Electrification Programme Flood Damage Municipal Infrastructure Grant 1 744 1 800 9 1 202 Other transfers and grants [insert description] Provincial Government: 28 770 24 207 992 20 244 275 18 214 6623.3% Housing 25 554 20 894 683 17 974 17 974 #DIV/0! Library Serv ices 344 800 35 307 67 240 358.2% CDW 66 Organisational Redesign 1 100 Financial Support 1 683 49 49 Mainroad 23 20 Multi-purpose Centrum Upgrading of Roads Project Readiness Library Services-MRF 3 482 2 493 225 1 914 208 1 706 820.2% District Municipality: [insert description] Other grant providers: Total operating expenditure of Transfers and Grants: 53 091 49 965 2 921 35 395 2 153 30 285 1406.8% Capital expenditure of Transfers and Grants National Government: 27 610 10 418 1 300 15 261 15 168 #DIV/0! Local Gov ernment Equitable Share Finance Management Municipal Systems Improvement 570 819 44 93 EPWP Incentive Integrated National Electrification Programme Municipal Infrastructure Grant 9 298 9 599 1 256 8 585 8 585 #DIV/0! Department of Water Affairs 17 742 6 583 6 583 #DIV/0! Flood Damage RBIC Other capital transfers [insert description] Provincial Government: 355 255 255 #DIV/0! Library Services-MRF 355 255 255 #DIV/0! Housing Infrastructure District Municipality: Other grant providers: Total capital expenditure of Transfers and Grants 27 610 10 773 1 300 15 516 15 423 #DIV/0! TOTAL EXPENDITURE OF TRANSFERS AND GRANTS 80 701 60 738 4 221 50 911 2 153 45 708 2123.2%

SWELLENDAM MUNICIPALITY PAGE 33 8.3 Supporting Table SC7 (2) Grant expenditure against approved rollovers WC034 Swellendam - Supporting Table SC7(2) Monthly Statement - Expenditure against approved rollovers - M07 January Approved Rollover 2013/14 Monthly actual YearTD actual variance variance R thousands % EXPENDITURE Operating expenditure of Approved Roll-overs National Government: Local Gov ernment Equitable Share Finance Management Municipal Systems Improvement EPWP Incentive Integrated National Electrification Programme Municipal Infrastructure Grant Other transfers and grants [insert description] Provincial Government: Housing CDW Description Library subscription Financial Support Human settlements District Municipality: [insert description] Other grant providers: Total operating expenditure of Approved Roll-overs Capital expenditure of Approved Roll-overs Ref Year 2014/15 National Government: 2 907 Local Gov ernment Equitable Share Municipal Infrastructure Grant Department of Water Affairs RBIC 2 907 Other capital transfers [insert description] Provincial Government: Housing Infrastructure District Municipality: Other grant providers: Total capital expenditure of Approved Roll-overs 2 907 TOTAL EXPENDITURE OF APPROVED ROLL-OVERS 2 907 8.4 Comments The required supporting tables are not currently available. The compilation of these tables is part of the corrective steps as provided in Section 3 of this report.