Page 228 - UGU Dstrct Mun IDP Report '21-22

6.1.5 Capital Budget 2021 / 2022
The 2018 / 2019 Capital Budget amounts to R 314 000 000.00 as reflected in Table 6.1.5.1 below.
Table 6.1.5.1: Capital Budget 2021 / 2022
Municipality
Minimum MIG Funded Projects
Minimum WSIG Funded Projects
Total Capital Projects
Umdoni
R 126 575 751.90
R 2 000 000
R 128 55 751.90
Umzumbe
R 0.00
R 0.00
R 0.00
Umuziwabantu
R 3 446 644.10
R 0.00
R 3 446 644.10
Ray Nkonyeni
R 62 725 404
R 23 000 000
R 85 726 404
Whole of the District
R 20 000 000
R 47 350 000
R 62 350 000
Total 2021 / 2022 Allocation
R 212 747 800
R 72 350 000
R 285 097 800
Plus, PMU fees limited to a Maximum of 5%
R 42 776 200
R 42 776 200
Grand Total Grants Funded
R 255 524 000
R 72 350 000
R 327 874 000
Capital Expenditure Internally Funded
R 48 450 000
Total Capital Budget
R 255 524 000
R 72 350 000
R 376 324 000
Source: Ugu District Municipality Draft Budget, 2021
6.2 Five-Year Financial Plan
The five-year financial plan is prepared in terms of Section 26 (h) of the Local Government: Municipal Systems Act and Planning and Performance Regulations 2001, which stipulates that a financial plan must be prepared as part of the Integrated Development Plan (IDP). The financial plan includes an Operating Budget, a Capital Investment Programme, and the Sources of Funding for the Capital Investment Programme, financial strategies and programmes, various financial management policies adopted by Council, key financial targets, key performance indicators, and a budget according to the IDP priorities. The 2017 / 2018 – 2021 / 2022 Financial Plan is attached as Annexure 9.
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