Page 193 - WCPP Annual Report 2021-22_Draft #7.6.2

Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part E: Financial Information for the year ended 31 March 2022

Notes to the Annual Financial Statements

37. Budget differences (continued)

37.1 Recoveries
The variance is as a result of income received in terms of previous years expenditure.

37.2 Other income
The variance is as a result of revenue received from parking and boutique sales which was more that the appropriated budget
amount.

37.3 Interest received
The variance is as a result of interest on bank account as well as interest on debts which was more than the appropriated
budget amount.
37.4 Employee costs

The variance is due to vacant posts which were not filled as anticipated.

37.5 Members remuneration

The variance is due to there being no member remuneration increase received for the current year as well as no payouts of
retirement benefits.

37.6 Transfer Payments
The variance is due to the Constituency Allowance allocation of National Parliament's being less than what we budgeted for.

37.7 General expenses
The variance is mainly due to the postponement of the SAGE 300 project, cyber security, travel and the delayed laptop refresh.

Differences between budget and actual amounts basis of preparation and presentation

Actual Amount on Comparable Basis as Presented in the Budget and 21,789,933
Actual Comparative Statement
Basis difference - Operating cash flows
Receivables 24,124
Payables (34,032)
Direct charge (4,643,843)
Interest received 2,672
Annual appropriation (9,305,279)

General expenses 25,127

Actual amount in the Cash Flow Statement 7,858,702

Changes from the approved budget to the final budget

The changes between the approved budget for provincial expenditure and the budget comparison statement for the expenditure

items is as a result of the change in classification between the approved budget and the budget comparison in order to meet
the requirements of GRAP.

The adjustments incurred between the approved budget and the final budget occurred due to the adjustment budget as well as
shifts within expenditure items. These adjustments are as follows:

Expenditure Approved Adjustment Shifts Virements Final budget
budget
Employee related costs 86,654,050 - (6,129,778) - 80,524,272
Members remuneration 49,774,646 - (281,117) - 49,493,529
Finance costs 1,006,000 - 43,532 - 1,049,532
Transfer payments 49,913,280 - 82,108 - 49,995,388

General expenditure 26,508,024 3,852,000 6,285,255 - 36,645,279

213,856,000 3,852,000 - - 217,708,000

Annual Report for 2021/22 Financial Year Page 178