Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
Facebook Twitter Instagram
Trending
  • Abalone poacher nabbed in Makhanda
  • Brumbies taste defeat under controversial circumstances
  • Another Makhanda boxing legend passes away
  • Luyolo Matiwane makes the Eastern Cape under-17 team
  • RMR 89.7 FM celebrates radio licence renewal
  • As whistleblowers come forward, it’s our duty to protect them
  • Makhanda Fire Brigade praised by residents
  • Two deaths shock Makhanda
Facebook Twitter Instagram
Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
Grocott's Mail
You are at:Home»Uncategorized»How the municipal grants work
Uncategorized

How the municipal grants work

Grocott's MailBy Grocott's MailDecember 14, 2011No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

State funds for municipalities comes in the form of conditional and unconditional (equitable share) grants. These are declared in the annual Division of Revenue Bill, which is passed into a law immediately after the budget speech by the Finance Minister in early February.

State funds for municipalities comes in the form of conditional and unconditional (equitable share) grants. These are declared in the annual Division of Revenue Bill, which is passed into a law immediately after the budget speech by the Finance Minister in early February.

The municipality receives these funds through tranches that are determined by the municipality's cash flow. The equitable share is nationally generated income that must be shared fairly between national, provincial and local government, based on the functions each has to fulfil, and the amount of revenue they are able to generate on their own.

This equitable share of national revenue covers operating transfers to municipalities to subsidise the operations of the municipality and for the provision of a basic level of services to the poor or indigent. Conditional grants may be used only for their intended purpose, as indicated in the Division of Revenue Bill.

If a municipality fails to spend all the funds it receives through a conditional grant during a financial year, it loses them, unless it makes a special application to the National Treasury. If Treasury does not approve the roll-over, the municipality is required to pay back the unspent portion to Treasury.

Previous ArticleMore confusion over Makana’s missing millions
Next Article Media flurry over Grahamstown woman’s drug arrest
Grocott's Mail

Comments are closed.

Tweets by Grocotts
Newsletter



Listen

The Rhodes University Community Engagement Division has launched Engagement in Action, a new podcast which aims to bring to life some of the many ways in which the University interacts with communities around it. Check it out below.

Humans of Makhanda

Humans of Makhanda

Weather    |     About     |     Advertise     |     Subscribe     |     Contact     |     Support Grocott’s Mail

© 2023 Maintained by School of Journalism & Media Studies.

Type above and press Enter to search. Press Esc to cancel.