By JoNews Reporter
THE City of Johannesburg is to spend an extra R162-million on its capital budget and an additional R119-million on its operational budget for the 2004 / 5 financial year.
This additional funding increases the City's capital budget for the 2004/5 financial-year from R1,9-billion to just over R2-billion.
The operational budget has also been revised, partly to bring it in line with the Generally Accepted Municipal Accounting Practice, but also to incorporate an additional income of R119-million.
A full sitting of the council approved the revised budget on Thursday, 24 February.
The increased operational revenue was made possible by extra income from traffic fines and license fees, Regional Services Levies, property rates and grant funding.
"The additional revenue from these sources of income was used to cover a shortfall on Guarding of Municipal Properties, CUE Incident, Provision for Bad Debts and to accelerate other spending programmes that were already committed," according to a statement presented to the council.
"These outlets contributed an additional R119-million to the City's operating coffers," the statement added.
According to the document before council, the City managed to increase its budget because it generated more income from various sources, including:
- an additional R73-million grant from the provincial housing department;
- an extra R21-million from the province for the Alexandra Renewal Project;
- R44-million from the National Treasury;
- R3-million from US funding for the construction of facilities at the Metro Police academy; and
- R15-million apportioned for the relocation of the Metro Police headquarters to Martindale.
The allocation from National Treasury will go towards surfacing roads in Soweto, financing the Cosmo City project and for a "housing prototype programme".
The financial year ends in June.
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