Oranjemund Town Council adopts proposed N$192.8 million budget for financial year
The Oranjemund Town Council this week adopted its 2021/2022 proposed budget amounting to N$192,857,741.
The budget includes an operating budget of N$91,834,340, capital budget of N$99,373,401 with provisions of N$ 1,650,000 for leave provisions and bad debts.
The highlights of the Council’s total provisional operational expenditure for 2020/21 is N$91,834,340 mostly made up of operational general expenses which accounts for over N$60 million which includes the service contract for the dumpsite management (N$ 800,000.00), wet services (over N$3 million), bulk purchase of electricity (N$ 33 million), abstraction and distribution of water (over N$ 2 million) and other expenditures such as tools and materials in support of the operations of Council.
The 2021/2022 capital budget includes numerous and significant on-going initiatives that prepare for the long term viability and sustainability of Oranjemund. Numerous projects are planned with an overall project cost estimate of N$ 99,373,401; this includes various carry over projects from 2019/2020 and for the new capital projects planned for the 2021/2022 financial year.
The Chairperson of Management Committee, Guamé Stephanus, further stated that the Management Committee together with its Council will be closely monitoring the 2021/2022 financial transactions to ensure that the Council is sustaining the desired levels of services, while moving forward with current developments to ensure growth and prosperity during the 2021/2022 financial year.
“Council is fully aware and understands the current unfavourable prevailing economic circumstances and after careful consideration thereof, the water related tariffs have not increased for the Newly Elected Councillors of the Oranjemund Town Council.