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Devolution of Property Rates Grant: Progress, Expenditure, Risks, and Challenges

This presentation aims to inform the Select Committee on Appropriations on the progress made in the devolution of property rates grant since May 2010, expenditure of the 2010/11 grant allocation, unquantified financial risks, and challenges in implementation.

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Devolution of Property Rates Grant: Progress, Expenditure, Risks, and Challenges

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  1. PRESENTATION TO THE SELECT COMMITTEE ON APPROPRIATIONS (SCOA) ON DEVOLUTION OF PROPERTY RATE FUNDS GRANT 12 OCTOBER 2010 Mr Joey Pillay

  2. Municipal RatesSCOA Presentation – 12 October 2010 • To inform SCOA on progress made on the Devolution of Property Rates Grant since May 2010 • Expenditure of 2010/11 Grant allocation • Unquantified financial risks • Challenges • Reporting

  3. Municipal RatesSCOA Presentation – 12 October Expenditure of 2010/11 Grant Allocation

  4. Municipal RatesSCOA Presentation – 12 October 2010 Unquantified Financial Risks • Properties not invoiced by Municipalities, but owned by WCPG • WCPG properties recently improved with infrastructure but not billed accordingly • Properties being acquired for health and educational purposes • Rates payable in accordance with lease agreement • Embarking on a project to ensure completeness of asset register, which could effect the rates liability

  5. Municipal RatesSCOA Presentation – 12 October 2010 CHALLENGES

  6. Municipal RatesSCOA Presentation – 12 October 2010 Unquantified Financial Risks • Properties not invoiced by Municipalities, but owned by WCPG • WCPG properties recently improved with infrastructure but not billed accordingly • Properties being acquired for health and educational purposes • Rates payable in accordance with lease agreement • Embarking on a project to ensure completeness of asset register, which could effect the rates liability

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