Budget - IDP - SDBIP

Adjustment Budget 2023/2024

Section 28 of the MFMA determines that –

(1) A municipality may revise an approved annual budget through an adjustments budget.
(2)(b) An adjustments budget may appropriate additional revenues that have become available over and above those anticipated in the annual budget, but only to revise or accelerate spending programs already budgeted for.
(2)(c) An adjustments budget may, within a prescribed framework, authorise unforeseeable and unavoidable expenditure recommended by the mayor of the municipality.
(2)(d) An adjustments budget may authorise the utilisation of projected savings in one vote towards spending under another vote.
(2)(e) An adjustments budget may authorise the spending of funds that were unspent at the end of the past financial year where the under-spending could not reasonably have been foreseen at the time to include projected roll-overs when the annual budget for the current year was approved by the council;
(2)(f) An adjustments budget may correct any errors in the annual budget; and
(2)(g) An adjustments budget may provide for any other expenditure within a prescribed framework.
(3) An adjustments budget must be in a prescribed format.
(4) Only the mayor may table an adjustments budget in the municipal council, but an adjustments budget in terms of subsection (2)(b) to (g) may only be tabled within any prescribed limitations as to timing and frequency.

Section 23(1) of the Municipal Budget and Reporting Regulations determines that-

An adjustments budget referred to in section 28(2)(b), (d) and (f) of the Act may be tabled in the municipal council at any time after the mid-year budget and performance assessment has been tabled in the council, but not later than 28 February of the current year. The capital and operational budget have been evaluated and adjusted based on the abovementioned
legislative requirements.