Page 266 - Department of Social Development Annual Report 2021

PART E: FINANCIAL INFORMATION

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2021

3. AID ASSISTANCE

Note 2020/21 2019/20

R’000 R’000

Opening Balance 116 1 561
Transferred from statement of financial performance (19 421) 30 810
Transfers to or from retained funds 25 000 (29 997)
Paid during the year (116) (2 258)
Closing Balance 5 579 116

The Department entered into an agreement with PACT SA to provide administrative assistance in
management of the Government to Government project that is funded by USAID. USAID funded
an amount of R12,714 million during the current financial year.

The closing balance of R5,579 million is made up of unspent funds on the USAID funded G2G
project amounting to R3,32 million and an amount of R2,259 million unspent funds from the KfW
donor funded project for the construction of secure care centres in Provinces.
The funds received by the department from the Criminal Asset Recovery Account. managed by the
Department of Justice and Constitutional Affairs is recorded as Aid Assistance and a surplus at the
end of the financial year is transferred to retained funds.

3.1 Analysis of balance by source

Note 2020/21 2019/20
R’000 R’000

Aid assistance from RDP 5 579 116
Closing balance 3 5 579 116

The Department entered into an agreement with PACT SA to provide administrative assistance in
management of the Government to Government project that is funded by USAID. An amount of
R12,714 million was transferred to the Department during current financial year.

3.2 Analysis of balance

Note 2020/21 2019/20

R’000 R’000
Aid assistance unutilised 5 579 116
Closing balance 3 5 579 116

The Department entered into an agreement with PACT SA to provide administrative assistance in
management of the Government to Government project that is funded by USAID. USAID funded
an amount of R12,714 million during current financial year.

266 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21