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Financial Performance: 2013-2014 Quarters 3 and 4; and 2014-2015 Quarter 1:

Detailed presentation on financial performance across quarters from 2013 to 2015 for Department of Rural Development and Land Reform. Includes program performance, spending analysis, and key account summaries.

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Financial Performance: 2013-2014 Quarters 3 and 4; and 2014-2015 Quarter 1:

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  1. Financial Performance: 2013-2014 Quarters 3 and 4; and 2014-2015 Quarter 1: Presentation to the Portfolio Committee on Rural Development and Land Reform 10 September 2014

  2. PRESENTATION OUTLINE • Executive Summary • DRDLR’s Performance per Programme and per Economic Classification • Agricultural Land Holding Account • Deeds Registration Trading Account • KwaZulu-Natal Ingonyama Trust Board

  3. Executive summary • Total spending to the 3rd Quarter of the 2013-2014 financial year amounted to R7.5 billion, representing 79.8% of the Final 2013-2014 Appropriation of R9.4 billion. • Spending for the 4th Quarter of 2013-2014 amounted to R1.9 billion, representing 20.1% of the Final 2013-2014 Appropriation, resulting in a 99.9% overall spending for the year and leaving a balance available at the end of the financial year of R5.7 million. • It is important to note that the 4th Quarter spending did not spike to abnormal levels, as the percentage spent of 20.1% was within the linear target of 25.0% per quarter. • The expenditure for the 1st Quarter of the 2014-2015 financial year amounted to R2.1 billion, representing 22.4% of the 2014-2015 Appropriation of R9.4 billion, and reflected a 2.6% or R248.1 million under spending of the linear target of 25.0%. • With regard to the Agricultural Land Holding Account (ALHA), the entity’s expenditure to the 3rd Quarter of the 2013-2014 fiscal year amounted to R1.3 billion, representing 79.3% of their R1.6 billion allocation. During the 4th Quarter the entity reflected expenditure of R348.3 million or 20.6%, which was within the linear target of 25.0% per quarter. Total spending for the 2013/2014 fiscal year amounted to R1.6 billion or 100.0%, leaving a balance of R198 thousand. • ALHA’s expenditure for the 1st Quarter of 2014-2015 amounted to R160.2 million, representing 37.3% of the 1st Quarter transfer to the amount of R428.9 million from the department to the entity. The total 2014-2015 allocation for transfer to the entity amounts to R1.9 billion and is transferred to the entity quarterly on their request.

  4. Executive summary – cont. • The Deeds Trading Account generates its own revenue. During the financial year 2013-14 it received transfer from the Department amounting to R214, 8 million to augment the budget E – Cadastre Project. • As far as the KwaZulu-Natal Ingonyama Trust Board is concerned, spending to the 3rd Quarter of the 2013/2014 fiscal year amounted to R83.1 million, representing 107.5% of their 2013/2014 budget of R77.3 million. Expenditure during the 4th Quarter amounted to R29.0 million, resulting in a R112.1 million total spending for the 2013/2014 financial year, and a R34.8 million over spending of their budget. The Board furthermore indicated that the full transfer from the department amounting to R14.5 million had been utilised. • The Board’s financial performance for the 1st Quarter of the 2014/2015 fiscal year amounted to R8.7 million, representing 13.8% of their R62.7 million budget for the year. The Board is allocated a total transfer of R17.3 million from the department for the 2014/2015 financial year, which is to be transferred quarterly on request. No transfer of funds had been made by the end of the 1st Quarter, but the amount of R 6.7 million (39.0%) has since been transferred in the 2nd Quarter, leaving a balance available for transfer of R10.6 million for the rest of the financial year.

  5. Per Programme

  6. Per Economic Classification

  7. 1. Administration

  8. 2. Geo-spatial and Cadastral Services

  9. 3. Rural Development

  10. 4. Restitution

  11. 5. Land Reform

  12. Agricultural Land Holding Account

  13. Per Province The total 2014/2015 ENE allocation for transfer to ALHA amounts to R1.9 billion and is transferred quarterly at the beginning of each quarter.

  14. Deeds Registration Trading Account

  15. Per Economic Classification

  16. KwaZulu-Natal Ingonyama Trust Board

  17. Per Economic Classification

  18. Thank You

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