City improves spending

2017-08-29 06:01

The City of Cape Town has again managed to raise the bar as it pertains to our financial performance.

The latest statistics for the 2016/17 financial year shows that we achieved a capital spend of approximately 92.8% of our R6.4bn capital budget – up from about 89% in the previous financial year and just over 80% in the 2013/14 financial year. In addition, the capital budget for the previous financial year was also the largest that we’ve had over the past five years.

This achievement is as a result of highly skilled, passionate and dedicated members of staff and project managers. We have worked hard to overcome some project management challenges over the past year and it is paying off. The extra transparency that we’ve brought into our systems and adjusting our processes to ensure that projects are strategically linked and tender-ready prior to being included on the budget have all contributed to a better efficiency in the City. This is important as we are not simply driving expenditure percentages, but have key targets. A very small percentage of our capital projects have been delayed, largely due to community dynamics or violence in some areas.

Our financial performance shows that our investment in and maintenance of infrastructure is solid, that our service delivery projects are on track, and that the money is being spent where it is needed. It demonstrates that we have the expertise and good governance structures to enable us to spend the money appropriately in the first place.

Johan van der Merwe Mayco member for finance

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