1. Quarter 4 DRDLR’s Financial Performance Report Presentation to the Portfolio Committee on Rural Development and Land Reform 30 May 2018

2. Overall financial performance
Drawings for the quarter amounted to R2.420 billion. However, expenditure for the quarter amounted to R4.054 billion which means that drawings were overspent by 68%. However, funds were available in the bank (due to unspent funds from the previous quarters ) account to accommodate this expenditure.
Departmental expenditure to date amounted to R billion or 99 per cent of the adjusted appropriation of R billion, leaving total unspent funds of R105.9 million.
Unspent funds were mainly due to vacant posts. 2

3. Drawings vs spending per programme
Overspending areas were mainly due to fast tracking of projects that lagged from previous quarters. 3

4. Drawings vs spending per Economic class
Overspending mainly on G&S was due to transfer of capital contribution towards the construction of the new building through a PPP transaction;
HH overspending was due to fast-tracking of projects that lagged from the previous quarters;
Prov. & Local Govt. was payment of rates and taxes owed from the municipalities;
Land and Subsoil Assets due to acquisition of land that had to be registered in the department’s name pending finalisation of the claims. 4

5. Budget vs Spending per programme5

6. Budget vs Spending per Economic Class6

7. Quarterly Comparison of expenditure per programme7

8. Quarterly Comparison of expenditure per Eco class8

9. 4TH QUARTER FINANCIAL PERFORMANCE
ALHA
4TH QUARTER FINANCIAL PERFORMANCE

10. OVERALL FINANCIAL PERFORMANCE
Drawings for the quarter amounted to R 368 million. However, expenditure for the quarter amounted to R 279 million representing by 76%.
Entity expenditure to date amounted to R 745 million or 51% of the adjusted appropriation of R 1.4 billion, leaving total unspent funds of R 974 million.
Unspent funds were mainly due to low spending in the following programmes
One Household One Hectare (1H1H) 29%
Strengthening of Relative Rights (SRR) 2%
Recap Commitments %
Planning % 2

11. Q4 DRAWINGS VS SPENDING PER PROGRAMME3

12. Q4 BUDGET VS SPENDING PER PROGRAMME

13. YEAR-TO-DATE BUDGET VS SPENDING PER PROVINCE5

14. QUARTERLY COMPARISON OF EXPENDITURE PER PROGRAMME6

15. QUARTERLY COMPARISON OF EXPENDITURE PER PROVINCE7

16. Registration of Deeds Trading Account Fourth Quarter Financial Performance report : (01 January – 31 March 2018) .

17. Executive summary
The Deeds Registration Trading Account is a self-funding trading entity generating its own income, mainly from the registration of deeds and the sale of deeds registration information, of which revenue generated represents budget.
In terms of PFMA Trading entities are not allowed to budget for deficit unless there are special arrangements, as a result of these the expenditure projected was aligned to the revenue projected.
Deeds Trading Account (billed) R136 million revenue and collected R135 million revenue representing R1 million under collection.
The entity projected R175,6 million revenue to be billed and collected for fourth quarter; but received R139,1 million which includes interest from the bank, resulted in under collection of R 36,5 million and represents 79% of the projected revenue of R175.6 million.
The entity collected 99% of the billed amount which is above 95% set target on collection.
Debtors are given 30 days after billing to settle their accounts and are suspended after 30 days and handed to debt collector after 90 days
Revenue collected in the third quarter amounted to R192,9 million which represented 99% of the R194,6 million revenue billed.
When comparing revenue collection between two quarters,(3rd quarter R192,9mil) and (4th quarter R135 mil) there is a decrease in collection of R57,9 million.
Spending on compensation of employees amounted to R117,5 million representing 84% of their projections of R139,5 million.
Deeds spending on goods and services amounted to R53,3 million, representing 98,5% of the projected spending of R54,1 million.
Revenue collected amounted to R135 million vs expenditure of R170,8 million which represents 127% of spending vs revenue collected, leaving negative balance of R35,8 million. When comparing the spending vs revenue collected for both quarter 3 and 4, on the third quarter was 90% and 127% on fourth quarter.

18. Consolidation : Economic Classification
R’000
Quarter 4 Projected Revenue
Quarter 4 Revenue collected
Variance
Quarter 4 %
Quarter 3
Quarter 2
Quarter 1
Revenue
36 414
78,8%
112%
Interest
4 212
4 111
101
97,6%
121%
Total Revenue
36 515
79,2%
113%
66.1%
20%
Economic Classification
Quarter 4 Projected Expenditure
Quarter 4 Actual spending
Compensation of Employees
21 964
84,3%
89%
61.3%
21.0%
Goods and services
54 121
53 312
809
98,5%
122%
78.5%
6.0%
Depreciation
14 833
8 717
6 116
58,8%
57%
55.5%
Total Operating Expenditure
28 889
86,1%
93%
65.8%
18.0%
Assets
959
483
476
50,4%
58%
3.0%
5.0%
Surplus/ (Deficit) from Operating Activities
(32 812)
(40 438)

19. Expenditure per office- Economic Classification
Name of
Office
Quarter 4 Revenue Generated ( Billed)
Quarter 4 Revenue collected
Quarter 4 Comp of Employees
Quarter 4 Goods and Services
Quarter 4 Assets
Q4 Total Exp
Variance: Revenue Collected & actual exp Q4 %
Spent
OCRD
31 056
30 428
14 664
38 050 23
52 714
(22 286)
173%
PTA
29 362
29 319
24 000
3 091
27 091
2 228
92%
JHB
17 585
17 567
15 506
1 950 90
17 456
111
99%
CPT
28 509
28 482
18 492
2 117 35
20 609
7 873
72%
PMB
11 324
11 316
14 415
2 008 60
16 423
(5 107)
145%
BLM
4 364
4 095
9 702
1 332 38
11 034
(6 939)
269%
KIM
1 191
3 169
722
212
3 891
(2 700)
327%
VRY
848
3 254
769
4 023
(3 175)
474%
KWT
4 626
3 293
1 223
4 516
110
98%
UMT
264
2 093
299
2 392
(2 128)
906%
NEL
4 031
4 026
6 149
1 232
7 381
(3 355)
183%
LMP
2 885
2 830
519 25
3 349
(464)
116%
Total
53 312
483
(35 832)
127%

20. Revenue collected in Q 1 v/s Q 2 v/s Q3 v/s Q4
Name of
Office
Quarter 1 Revenue Generated ( Billed)
Quarter 1 Revenue collected
Quarter 2 Revenue Generated ( Billed)
Quarter 2 Revenue collected
Quarter 3 Revenue Generated ( Billed)
Quarter 3 Revenue collected
Quarter 4 Revenue Generated ( Billed)
Quarter 4 Revenue collected
OCRD
39 965
35 108
51 032
28 702
41 364
40 266
31 056
30 428
PTA
37 519
35 252
35 170
23 975
46 893
46 847
29 362
29 319
JHB
20 119
19 460
21 460
14 895
24 351
24 322
17 585
17 567
CPT
36 964
35 155
37 917
25 573
43 274
43 224
28 509
28 482
PMB
14 136
9 274
15 555
10 743
17 329
17 322
11 324
11 316
BLM
4 554
3 835
4 885
2 631
5 654
5 304
4 364
4 095
KIM
1 090
1 074
1 428
961
1 615
1 191
VRY
852
767
842
644
1 204
1 203
848
KWT
1 597
1 580
1 811
1 248
2 010
2 009
4 626
UMT
322
313
272
211
306
264
NEL
3 911
3 838
4 213
2 955
5 853
4 031
4 026
LMP
1 298
3 279
2 113
4 727
2 885
Total

21. Performance per Quarter6

22. Quarter 4: Performance per Office7

23. Thank You