(PMG Editor’s Note: Graphs not included) EXPENDITURE AGAINST BUDGET (31/10/2000) -Adjustments estimate
-Original budget
-Funds requested up to Oct. 2000
-Expenditure up to Oct. 2000
-R71 767 000
-R57 707 000
-R40 888 000
- R28 677 000
(PMG Editor’s Note: Graphs not included) EXPENDITURE AGAINST BUDGET (31/10/2000)
-To date SRSA requested a total amount of R40 888 000 which was based on a projected expenditure figure.
-The actual expenditure figure till the end of October amounted to R28 677 000
-The variance between the projected and actual expenditure is mainly due to a result of vacant posts that exists within SRSA and transfer payments that could not be paid out to the SASC and various federations.
-The drawings were revised in order to include the adjustment estimate figures, as well as to take into account funds already requested but not utilised.
MTEF
SRSA requested an additional amount of R105,83 million for the following purposes, of which the programme officer at treasury only recommended an additional amount of R15 million.
· Sport Facilities.
Not recommended as sport facilities is a local government competency.
· South African Institute for Drug Free Sport.
An amount of R2,0 million was recommended.
· Hosting of and participation in international events.
An amount of R13,0 million was recommended, but it was further mentioned that the increase can also be utilized for the following purposes which were not separately recommended.
-School Sport.
The program officer feels that this is a function shift and that funds should be shifted from the Department of Education for this purpose.
-Projects relating to government priorities.
Part of the R13,0 million can be utilised for this purpose.
-South African Sports Commission.
Not recommended as it was indicated during the launch of legislation that this would not entail additional expenditure and the SASC would do its own fund-raising.
-Grants to National Sport Federations.
Part of the R13,0 million can be utilised for this purpose.
The committee also sounded very positive towards the recommendation of the additional allocation.
SRSA does not know what the outcome is yet, but an additional amount of R15,0 million will constitute an increase of 27,4% in the baseline allocation.
IMPLEMENTATION OF THE PUBLIC FINANCE
MANAGEMENT ACT The following actions were taken within SRSA:
· Training courses were attended.
· An implementation plan was drawn up, stating actions to be taken, dates to be completed by, and officials responsible for the actions.
· Staff are provided with information, by means of circulars and the monthly newsletter in SRSA.
· Additional funds were requested in order to appoint a chief financial officer.
· Months have been closed in order to comply with the PFMA.
· Reporting to Treasury is done in order to comply with the PFMA.
· SRSA is in the process of:
-Outsourcing the internal audit function.
-Restructuring the audit committee in accordance with the requirements in the PFMA.
-Implementing the actions as stated in the plan.