PORTFOLIO COMMITTEE MEETING

PRESENTATION ON ALLOCATED BUDGET FOR THE YEAR 2014-15

3rd JULY 2014

PRESENTATION LAYOUT

Purpose Allocated budget for the year 2014-15 Recommendations Closure

PURPOSE

The purpose of the presentation is for the Portfolio Committee Members to note the allocated budget for the year 2014-15

MTEF ALLOCATION COMPARED TO ACTUAL LOADED BUDGET FOR THE YEAR 2014-15

ECONOMIC CLASSIFICATION MTEF ALLOCATION

ACTUAL BUDGET ALLOCATION SHORTFALL

% SHORTFALL

Personnel 25 813 000 29 454 093,00 -3 641 093,00 -14%

Goods and Services 16 876 000 21 678 608,00 -4 802 608,00 -28%

TOTAL 42 689 000 51 132 701,00 -8 443 701,00 -20%

NOTES:

The total actual budget allocation included standards directorate grant budget allocation of R2 606 531 which is funded separately.

Therefore the total budget shortfall will be R5 838 171 (R8 444 701-R2 606 531).

HOW THE BUDGET SHORTFALL WILL BE FUNDED

Funding of the shortfall

DESCRIPTION AMOUNTS    

Personnel Savings 1 488 171    

Interest received 850 000    

Accreditation revenue 3 500 000    

TOTAL 5 838 171    

NOTES:The Personnel savings will be realised on the prorated savings for the year 2014-15. The positions are funded and still not yet filled.The interest received will be realised on the unspent grant money allocated to Standards Directorate and also accumulated surpluses.

Accreditation revenue will be realised based on the number of applications received from Institutions for accreditation.

CONCERNMTEF allocations can no longer sustain CHE without rollover funds.

BUDGET ALLOCATION FOR THE YEAR 2014-15 PER DIRECTORATE

ECONOMIC CLASSIFICATION CEO

QUALITY PROMOTION & CAPACITY DEVELOPMENT

CORPORATE SERVICES

MONITORING & EVAULATION ACCREDITATION

NATIONAL REVIEWS

INSTITUIONAL AUDITS STANDARDS

TOTAL BUDGET ALLOCATION

Personnel 2 386 148,00 1 707 978,00 7 927 544,00 3 665 417,00 5 620 756,00 2 302 743,00 3 696 806,00 2 146 701,00 29 454 093,00

Goods & Services 1 722 645,00 430 006,00 10 407 465,00 2 220 989,00 3 851 092,00 386 738,00 1 399 844,00 459 830,00 20 878 609,00

CAPEX     800 000,00          800 000,00

TOTAL 4 108 793,00 2 137 984,00 19 135 009,00 5 886 406,00 9 471 848,00 2 689 481,00 5 096 650,00 2 606 531,00 51 132 702,00

RECOMMENDATIONS

Portfolio Committee Members to note the allocated budget for the year 2014-15

THANK YOU