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2016/01/111. CONTENTS 1.Background 2.Mandate 3.Financial Report 1 st Quarter 4.Performance Report 1 st Quarter 5.Projects Report 6.Educational Awards.

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Presentation on theme: "2016/01/111. CONTENTS 1.Background 2.Mandate 3.Financial Report 1 st Quarter 4.Performance Report 1 st Quarter 5.Projects Report 6.Educational Awards."— Presentation transcript:

1 2016/01/111

2 CONTENTS 1.Background 2.Mandate 3.Financial Report 1 st Quarter 4.Performance Report 1 st Quarter 5.Projects Report 6.Educational Awards 7.Human Resources 8.Accounting Authority Meetings 2016/01/112

3 BACKGROUND The Ingonyama Trust was established in 1994 by an Act of Parliament – Act No 3 of 1994 with His Majesty the King as the sole Trustee. An amendment Act in 1997 among other things established a Board to administer the affairs of the Trust. The Board comprises of eight members plus Isilo or his nominee as Chairperson. The eight (8) Board members are appointed by the Minister of Rural Development and Land Reform, after considering National and Provincial interests. The Trust is the one of the largest landowners in the Province with a total extent of 2,844,903 hectares held under some 1600 individual titles. The Trust owns land in all of the District Municipalities and Metro Municipal areas in KwaZulu-Natal. The Board sees Real Estate as its major activity. The core business of the Trust is to administer the land for the “material benefit and social wellbeing of the individual members of the tribes”. However, no alienation or burdening of the land may occur without the written permission of the relevant traditional or community authority. 2016/01/113

4 GRAPH ON FUNDING MODEL 2016/01/114 INGONYAMA TRUST BOARD 1. TRANSFER PAYMENT FROM THE DEPARTMENT OF RURAL DEVELOPMENT AND LAND REFORM 2. TRADING ACTIVITIES - LEASE INCOME - SERVITUDES - INVESTMENT INCOME

5 FUNDING MODEL The Ingonyama Trust Board obtains its funding from the following two sources. Transfer payment received from the Department of Rural Development and Land Reform, and income from trading and investing activities The income from trading activities consist mainly of lease income and compensation from servitudes. The ITB uses the income from trading activities because the Transfer payment received from the department is not sufficient to defray the total expenditure of the Trust. 2016/01/115

6 6 1st QUARTER EXPENDITURE 2015/2016 BUDGET FOR THE YEAR SPENDING TO THE END OF 1 st QUARTER BALANCE AVAILABLE FOR THE YEAR % OF THE TOTAL BUDGET SPENT IN THE 1 ST QUARTER EXPENDITURE PER PROGRAMME RRR% ADMINISTRATION 59 289 9146 540 07952 749 83511.03 LAND MANAGEMENT 2 585 9013 9042 581 997 0.15 RURAL DEVELOPMENT 9 000 000 6 033 605 2 966 395 67.04 TRADITIONAL COUNCIL AND COMMUNITY SUPPORT 16 766 6102 042 63814 723 972 12.18 87 642 425 14 620 226 73 022 19916.68

7 2016/01/117 BUDGET FOR THE YEAR SPENDING TO THE END OF 1st QUARTER BALANCE AVAILABLE FOR THE YEAR % OF THE TOTAL BUDGET SPENT IN THE FIRST QUARTER RRR% Economic Classification Compensation of employees 18 896 706 3 840 421 15 056 285 20.32 Goods and Services 43 002 114 4 564 11238 438 00210.61 Rent – Ulundi Office 210 000 54 450 155 550 25.93 Building and other fixed structures 14 000 000 36 425 13 963 575 0.26 Machinery, equipment, vehicles 11 033 605 6 102 1684 931 43755.31 Software and intangible Assets 500 000 22 650 477 350 4.53 87 642 425 14 620 226 72 544 849 16.68 1st QUARTER EXPENDITURE 2015/2016

8 NOTES ON EXPENDITURE The total amount spent including provisions for the 1st quarter amounted to R 14.6m. This represents 16.68 % of the total budget for the year. R 3 904 was spent on land management. R 6 m was utilised on rural development. R 2 m was spent on traditional council/ community support for the first quarter. R 6.5 m was utilised on administration costs (includes staff salaries). 2016/01/118

9 9 SCHEDULE OF GOODS AND SERVICES 1 st Quarter Actual R Legal fees - other 42 733 Advertising and public awareness campaign 189 000 Land Tenure Information System 3 904 Bank Charges 15 735 Cleaning repairs & other expenses 178 837 Payments to traditional council / community support– Administration and Other 1 703 148 Educational Awards 339 490 Projects launches and information sharing meetings 876 347 Motor Vehicle Expenses 35 301 Stationery and Printing 90 144 Travel,Accomodations,Meetings 262 384 Board Members’ Remuneration 197 869

10 2016/01/1110 SCHEDULE OF GOODS AND SERVICES (Contd) 1 st Quarter Actual R External Audit Fees 114 106 Internal Audit Fees 27 640 Electricity and Water 197 697 Telephone 19 194 Computer Software/Licencing Fee 17 870 Security Expenses 149 620 Internal Audit Committee Members’ Remuneration 3 109 Insurance 99 984 4 564 112

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12 NOTES ON 1 ST QUARTER INCOME The total revenue generated for the 1 ST Quarter amounted to R 23.6 m (Includes transfer payment), This represents 26.96 % of the total budget for the year, Transfer payment received for the first quarter is R 6.1m. 2016/01/1112

13 SCHEDULE OF REVENUE ITEMACTUAL FOR THE QUARTER BUDGET FOR THE YEAR % OF TOTAL YEARLY INCOME RENTAL INCOMER 14,537,750R 17,642,62182,40% SERVITUDES AND OTHERR 140,446R 352,65039,83% INVESTMENT INCOMER 2,836,495R 10,647,24826,64% RESERVES -R 40,930,90500.00% TRANSFER PAYMENTR 6,116,000R 18,069,00033,85% TOTAL INCOME FOR 1 ST QUARTERR 23,630,691R 87,642,42426,96% 2016/01/1113

14 PERFORMANCE REPORTING 1 st QUARTER 2015/16 2016/01/1114 PROGRAMME:Administration STRATEGIC GOAL:To administer the affairs of the Trust for the benefit and material wellbeing of the communities living on land under Ingonyama Trust Board STRATEGIC OBJECTIVE:Efficient resource management to ensure effective internal control systems in order to comply with legislative requirements

15 2016/01/1115

16 2016/01/1116

17 2016/01/1117 PERFORMANCE REPORTING 1 st QUARTER 2015/16 PROGRAMME: Land Management STRATEGIC GOAL:To administer the affairs of the Trust for the benefit and material well being of the communities living on land under Ingonyama Trust Board STRATEGIC OBJECTIVE:Efficient resource management to ensure effective internal control systems in order to comply with legislative requirements

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19 2016/01/1119 PERFORMANCE REPORTING 1 st QUARTER 2015/16 PROGRAMME:Rural Development STRATEGIC GOAL:To administer the affairs of the Trust for the benefit and material well being of the communities living on land under Ingonyama Trust Board STRATEGIC OBJECTIVE:Efficient resource management to ensure effective internal control systems in order to comply with legislative requirements

20 2016/01/1120

21 2016/01/1121 PERFORMANCE REPORTING 1 st QUARTER 2015/16 PROGRAMME: Traditional Council Support STRATEGIC GOAL:To administer the affairs of the Trust for the benefit and material well being of the communities living on land under Ingonyama Trust Board STRATEGIC OBJECTIVE:Efficient resource management to ensure effective internal control systems in order to comply with legislative requirements

22 2016/01/1122

23 HIGH IMPACT PROJECTS IDENTIFIED BY THE BOARD The Board initiated engagements with Richards Bay Minerals for the Zulti South mining operation where Richards Bay Minerals will be mining titanium on the land occupied by the Mkhwanazi and the Dube Traditional Councils. It is envisaged that this project will lead to job creation and will be seen as a catalyst for further development. The Traditional Councils have consented to this initiative and progress will be reported in the next quarter. 2016/01/1123

24 EDUCATIONAL AWARDS 2016/01/1124 MALESFEMALESTOTAL 171835 FIELDS OF STUDY Bachelor of Education (10) Bachelor Business Admin (1) Bachelor of Politics (1) Bachelor of Sports (1) Bachelor of Law (1) Bachelor of Arts (3) Bachelor of Commerce (5) Bachelor of Chemistry (3) Bachelor of Pharmacy (1) Bachelor of Agric (1) National Dip Office (2) National Dip Building (1) National Dip Elec (1) National Dip Enviro (1) Town Planning (1) Taxation (1) Public Relations (1) An amount of R 339,490 was paid on behalf of students from the Ximba TC

25 HUMAN RESOURCES 2016/01/1125 POSTNUMBERVACANTFILLED Permanent27324 Contract31328 The vacant positions are Chief Executive Officer Manager Real Estate Auxiliary Services Assistant – the post will be filled in the next quarter. Action taken to fill in these posts CEO – the post has been filled Manager Real Estate – Short-listing for this post took place on 11 June 2015, however no suitable candidates were found. The process to recruit for this post is on hand.

26 2016/01/1126 4th QUARTER ACCOUNTING AUTHORITY MEETINGS EXCO BOARD TENURE COMMITTEE 04 April 201522 May 2015 15 May 2015 04 June 2015

27 2016/01/1127

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