OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

Amounts in Rand

2025

2024

23. BUDGET DIFFERENCES (continued) OTHER OPERATING EXPENSES

The total operating expenses recognised as at 31 March 2025 is 32% less than the annual budget due to savings mainly in IT costs, International Travel and Consumables. The Council started operating independently from 1 April 2024 therefore it is the first year to identify the baseline for estimated costs resulting in the signficant underspend on operating expenses. The Council will more accurately budget in the next financial year based on the current year’s baseline costs. CONSUMER EDUCATION AND AWARENESS The total consumer education and awareness costs recognised as at 31 March 2025 is 7% more than the annual budget due to the Council intitiating more projects towards the end of the financial year with the intention on spending the approved cash surpluses retained from the 2023/2024 financial year. However, savings from the current year’s budget were used to offset the overspend on this expense. INTEREST RECEIVED The total interest received recognised as at 31 March 2025 is 32% less than the annual budget due to the Council receiving Levies in the bank account later in the year than anticipated.

24. COMMITMENTS AUTHORISED OPERATIONAL EXPENDITURE ALREADY CONTRACTED FOR BUT NOT PROVIDED FOR ● Computer services

-

62,068

● Board secretariat services

786,000

-

● Media buyng services

325,163

-

1,111,163

62,068

NOT YET CONTRACTED FOR AND AUTHORISED ● Computer software

-

294,068

● External audit services

1,642,242

-

1,642,242

294,068

93

OMBUD COUNCIL ANNUAL REPORT 2024/25