OMBUD COUNCIL ANNUAL REPORT 2024/25

PART B: PERFORMANCE INFORMATION

5. REVENUE COLLECTION

The Ombud Council received 4% more levy income than budgeted for the financial year.

Table 6: Budgeted Revenue

2024/25

2023/24

(OVER)/ UNDER REVENUE

(OVER)/ UNDER REVENUE

BUDGETED REVENUE

ACTUAL REVENUE

BUDGETED REVENUE

ACTUAL REVENUE

REVENUE

Levies

25,473,232

26,528,367

(1,055,135)

22,926,000

24,114,146

(1,188,146)

Government grant

-

-

-

8,000,000

8,000,000

-

Interest received

1,512,000

1,030,364

481,636

-

69,705

(69,705 )

Other income

-

74,792

(74,792)

-

4,973

(4,973)

26,985,232

27,633,523

(648,291)

30,926,000

32,188,824

(1,262,824)

100%

102%

(2%)

100%

104%

(4%)

The 2024/25 financial year was the second year in which the Ombud Council received levy income, since its PFMA listing effective 1 April 2023. It was also the first year in which the Ombud Council was funded solely by levies and did not receive additional contingency fiscal transfers. A transfer of R8 million received in the prior year was returned to the National Treasury during the year under review as it was not required.

6. CAPITAL INVESTMENT

The Ombud Council does not have any infrastructure projects requiring capital investment. The Council’s assets include computer equipment, office equipment and finance leased assets only. During the period under review there were no losses incurred on the disposal of any assets. Asset processes are in place to monitor and safeguard assets owned by the entity. All assets are insured.

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OMBUD COUNCIL ANNUAL REPORT 2024/25