1. 2014/15 Fourth Quarter Results
Standing Committee on Finance

2. Introduction
The Commission in adherence to the Public Finance Management Act has submitted the following fourth quarterly results to the National Treasury.
Sufficient governance and internal control measures are in place to ensure the Commission’s mandate is carried out in an effective and efficient manner.

3. 4th Quarter Performance information
The Commission undertook the following in terms of its mandate
Parliament
Submission on the 2015 Division of Revenue of Revenue Bill
Standing Committee on Appropriations and Select Committee on Appropriations
Submission on the2015 Fiscal Frameworks and Revenue Proposals
Standing and Select Committees on Finance
Submission on the 2015 Appropriations Bill
Standing Committee on Appropriations

4. Performance Cont.. Parliamentary Requests:
Portfolio Committee on Higher Education and Training
DHET Strategic Plan, APP, Budget and Audit Outcomes
Portfolio Committee on Agriculture, Forestry and Fisheries
DAFF Strategic Plan, APP, Budget and Audit Outcomes
Portfolio Committee on Economic Development
DED Strategic Plan, APP, Budget and Audit Outcomes

5. Performance Cont… Other Organs of State KZN Cogta
Department of Health Task Team (Ministerial Task team on health data advisory)
Municipal Demarcation Board Task Team (Ongoing work on municipal viability and demarcation)
National Treasury Task (Reference Group on the review of the Local Government Conditional Grants)
SALGA NMA
Review of the LGFF current work
KZN Cogta
Demarcation and financial sustainability issues

6. Performance Cont..
Tabling of the ‘Household Vulnerability to Climate Change Disasters: The Case of Two South African Provinces’ report on 4 February 2015 in Parliament and a press conference on 5 February 2015.
Finalisation and tabling with Parliament of the 20th Anniversary Conference Report on 4 February 2015.
Conducted Policy Costing Workshop to Researchers at Parliament

7. Performance Cont…
Publication of technical report , policy briefs, journal and book chapter publications as well as meeting all targets for library transactions and reference acquisition
Presented at Limpopo Provincial Treasury Workshop on Public Sector Corporate Governance and Ethical Workshop that was held from 16th – 18th February

8. Corporate/Admin
Recruitment completed for three vacancies in research and appointment of three interns
Lease agreement with Public Works Department still not finalised
Matter has been raised at the highest level with Ministers of Finance and Public Works
Matter outstanding since March 2014
Currently Commission is operating on a month by month basis which is a very significant risk

9. Achievements
Finalised Annual Enterprise Risk Assessment and Fraud prevention framework during the quarter.
Ensured the continuous monitoring and reporting of identified risks throughout the Commission.
Biggest risk is with current load shedding and sometimes unreliable water supply to the office premises
Have put in place measures to mitigate the risks which are generally beyond our control

10. Research Lekgotla, 15-16 January 2013
Other Work
Forum for Institutions Supporting Democracy
Presidential Remuneration Review Commission
Heads of Entities falling under Minister of Finance
Research Lekgotla, January 2013

11. 4th Quarter Financial Performance
Annual Budget
4th Quarter Budget
4th Quarter Actuals
Variance for 4th Quarter
Revenue
( )
Total
( )
Expenses:
Employee Cost
( )
Building and Premises Cost
73 259
Proffessional Cost
23 975
Other Operating Expenditure
Capital Expenditure
72 985
37 015
( )
Surplus/(Deficit)

12. Commentary
Additional funding of 800 thousand rands received to aid with replacing obsolete assets
Temporary staff costs incurred during the period for employee on extended sick leave, and recruitment costs for vacant position during the financial year.
Cost containment measures implemented in cleaning and repairs and maintenance costs
Cost containment measures implemented in printing and stationery and travel expenses during the quarter.

13. THANK YOU