Introduction

The municipality is starting yet another year on a very high note. A new valuation roll for the period 2008 to 2012 will be implemented on 1 July 2008. The Municipality is one of only two municipalities within the Bojanala Platinum District Municipality region to implement a valuation roll that was compiled in terms of new legislation, the Local Government: Municipal Property Rates Act, Act No. 6 of 2004.

Together with the new valuation roll, the Municipality is implementing its Property Rates Policy consistent with the Act. The Council will also adopt a Property Rates By-Law that will give effect to the Property Rates Policy.

The Council took great care in observing the principles of equity, affordability, sustainability and cost efficiency in the compilation of these documents. We are confident that the Municipality’s revenue base is well established.

MFMA Reform Process

The Budget for 2008/2009 has, as in the previous two years, been structured to comply with the Municipal Finance Management Act. The Finance Department is still in the process of converting the accounting system to GRAP. The process wil probably take another year or two to complete.

Municipal Services

As in the past service delivery will remain one of our biggest challenges. The provision of bulk water for mining activities to the North and the West of the Pilanesberg Game Reserve as well as the Municipality is currently in a planning phase. These developments within the Municipal area is a very exciting prospect but also brings with it enormous duties and responsibilities. The delivery of basic services within our area of jurisdiction will therefore remain the major priority.

M.T.R.E.F.

The Medium Term Revenue and Expenditure Framework for 2008/2009 provides for Operating Expenditure of R 222 Million and R 22 million for the Moses Kotane Development Agency.

The Capital Expenditure will be R 163.7 Million and will be funded as follows:

The Capital Expenditure for the Moses Kotane Development Agency amounts to R 27,5 Million which will be financed as follows:

Conclusion

The draft Annual Budget for 2008/2009 and the MTREF for a three period is hereby tabled in terms of section 16 of the MFMA.

Please accept my appreciation for the support from the Speaker, Chief Whip, Executive Committee members and all other councillors for their assistance in achieving our goals.

The Municipal Manager and his staff must also be commended for their hard work and dedication to achieve the very ambitious goals.

Hon. Clr. P. L. Molelekeng (Mayor)
Chairperson of the Executive Committee