{"id":304143,"date":"2021-05-15T17:46:58","date_gmt":"2021-05-15T15:46:58","guid":{"rendered":"https:\/\/informante.web.na\/?p=304143"},"modified":"2021-05-15T17:47:01","modified_gmt":"2021-05-15T15:47:01","slug":"ongwediva-tables-a-provisional-budget","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=304143","title":{"rendered":"Ongwediva tables a provisional budget"},"content":{"rendered":"

Maria David<\/p>\n

\u00a0<\/p>\n

ONGWEDIVA Town Council has tabled its provisional budget of N$147 million for the 2021\/22 financial year on Tuesday.<\/p>\n

\u00a0<\/p>\n

The budget tabled has increased by 1.15% from about N$145 million in the 2020\/21 financial year.<\/p>\n

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Tabling the budget, Ongwediva Town Mayor Taarah Shalyefu, stated that the budget subjected to approval by the Ministry of Urban and Rural Development.<\/p>\n

\u00a0<\/p>\n

According to him, council tariffs remain unchanged amidst the outbreak of COVID-19 that has affected the economy of the country. As such they are expected to operate on a cost-recovery basis.<\/p>\n

\u00a0<\/p>\n

“Our budget has been balanced as duly required with operating income, proceeds from the sale of erven, road maintenance refunds by Roads Fund Administration (RFA), Government subsidies, and minimal contributions from Council\u2019s existing reserves,” he said.<\/p>\n

\u00a0<\/p>\n

He noted that all other things being equal, this approach would have no negative effects on Council\u2019s operations.<\/p>\n

\u00a0<\/p>\n\n\n

\"Ongwediva
ONGWEDIVA Town mayor Taarah Shalyefu tabled his provisional budget. – Photo by Maria David<\/figcaption><\/figure><\/div>\n\n\n

\u00a0<\/p>\n

Shalyefu explained that the council is determined to addressing the socio-economic challenges facing people, especially the delivery of serviced land and basic amenities, the upgrading of settlement areas to proclaim townships, the promotion of investment and local economic development, and the improvement of safety and social welfare, thus proposed budget.<\/p>\n

\u00a0<\/p>\n

He indicated that the budget will be financed by funds as per Medium Term Expenditure Framework (MTEF) 2021\/22 amounting to N$ 2 million, Sale of erven amounting to N$ 5 million, Refunds by Roads Fund Administration amounting to N$2.1 million, operational revenues amounting to N$ 95.8 million and Council\u2019s own reserves amounting to N$42 million.<\/p>\n

\u00a0<\/p>\n

Shalyefu revealed that included in the total expenditure of about N$ 147 million are provision for depreciation of N$ 12 million, provision for leave days of N$ 461000, provision for doubtful debts of N$ 12 million, and provision for leave days amounting to N$ 461 000 in compliance with the Council\u2019s adopted International Public Sector Accounting Standards (IPSAS) two years ago.<\/p>\n

\u00a0<\/p>\n

Moreover, he stated that a considerable portion of the budget amounting to N$29.2 million is devoted to capital projects, representing about 20% of the total budget, whereas 80% is devoted to operational expenditure and provisions amounting to N$117.2 million.<\/p>\n

\u00a0<\/p>\n

He pointed out that they are committed to strive to deliver effective and efficient services and the residents\u2019 expectations once resources are available.<\/p>\n

\u00a0<\/p>\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Maria David \u00a0 ONGWEDIVA Town Council has tabled its provisional budget of N$147 million for the 2021\/22 financial year on Tuesday. \u00a0 The budget tabled has increased by 1.15% from about N$145 million in the 2020\/21 financial year. \u00a0 Tabling the budget, Ongwediva Town Mayor Taarah Shalyefu, stated that the budget subjected to approval by …<\/p>\n","protected":false},"author":10,"featured_media":304147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-304143","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"\nOngwediva tables a provisional budget - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"ONGWEDIVA Town Council has tabled its provisional budget of N$147 million for the 2021\/22 financial year on Tuesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=304143\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ongwediva tables a provisional budget - 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