OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Actual amounts on comparable basis

Difference between final budget and actual Reference

Approved budget Adjustments

Final Budget

Amounts in Rand

STATEMENT OF FINANCIAL PERFORMANCE REVENUE REVENUE FROM EXCHANGE TRANSACTIONS Interest received Total revenue from exchange transactions REVENUE FROM NON-EXCHANGE TRANSACTIONS Levies Other income

- 1,512,000 1,512,000 1,030,364 (481,636)

23

-

-

-

74,792

74,792

23

- 1,512,000 1,512,000 1,105,156 (406,844)

25,430,000

43,232 25,473,232 26,528,367 1,055,135

23

Total revenue

25,430,000 1,555,232 26,985,232 27,633,523 648,291

EXPENDITURE Employee cost

(12,890,000)

954,223 (11,935,777) (10,718,037)

1,217,740

23

Consumer education and awareness (4,475,800)

(987,458)

(5,463,258)

(5,836,254)

(372,996)

23

Audit remuneration

(1,240,177)

- (1,240,177)

(1,159,714)

80,463

23

Board and Committee

(419,200)

-

(419,200)

(511,382)

(92,182)

23

Remuneration Professional fees and consulting

(2,483,160)

(470,395)

(2,953,555)

(1,418,906)

1,534,649

23

Operating lease expense

(570,000)

(221,402)

(791,402)

(769,394)

22,008

23

Other operating expenses

(3,281,063)

(710,000)

(3,991,063)

(2,706,067)

1,284,996

Depreciation

(55,000)

(132,000)

(187,000)

(122,660)

64,340

23

Finance costs

(15,600)

11,800

(3,800)

(5,259)

(1,459)

23

Total expenditure

(25,430,000) (1,555,232) (26,985,232) (23,247,673)

3,737,559

Surplus for the period

-

-

- 4,385,850 4,385,850

76

OMBUD COUNCIL ANNUAL REPORT 2024/25