South African Local Government Association
Schedule 3A public entity i.t.o. the Public Finance Management Act, 1999 and recognised i.t.o. the
Organised Local Government Act, 1997
Annual Financial Statements for the year ended 31 March 2017
Notes to the Annual Financial Statements
2017
Figures in Rand
39.
2016
Statement of comparative budget and actual information (continued)
Explanation of variances between actuals and final approved budget (variances greater or equal to
10 per cent)
•
All categories have variances less than 10 per cent.
Reconciliation between budget and statement of financial performance
Reconciliation of budget surplus/deficit with the surplus/deficit in the statement of financial
performance:
Net surplus per the statement of financial performance
Adjusted for:
Fair value adjustments
(Add)/less: (negative)/positive variance in revenue
Less: positive variance in expenditure
Less: positive variance in non-operating income or expenditure
Net surplus per approved budget
246
15 024 508 27 122 025
-
1 075 135
(11 183 682)
(273 714)
4 642 247 -
6 591 998
(16 681 178)
(4 672 964)
12 359 881