ELRC 202324 Annual Report

EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

Annexures for the year ended 31 March 2024

L EDUCATION LABOUR RELATIONS COUNCI

Supplimentary information to the Annual Financial Statements for the year ended 31 March 2024

ANNEXURE 1

Fruitless and wasteful expenditure Fruitless and wasteful expenditure means expenditure which is made in vain and would have been avoided had reasonable care been exercised. Where an investigation determines, a receivable will be recorded against an employee or party who has been found to have incurred the fruitless and wasteful expenditure. In instances where a receivable is not raised against an employee or the amount is irrecoverable, the General Secretary may write off the debt.

Fruitless and wasteful expenditure is accounted for in terms of the Council’s Supply Chain Management Policy.

2024 R

2023 R

Fruitless and wasteful expenditure

Opening balance

12 837

-

Add: Fruitless and wasteful expenditure incurred during the year

12 035

23 171

Less: Recovered during the year

(7 340)

(7 281)

Less: Condoned

(17 532)

(3 053)

Closing balance

-

12 837

The Council implements improved controls and where fruitless expenditure is incurred; such is recovered from the relevant official or party member.

160