HDA Annual Report

ANNUAL REPORT 2023/24

2023/24 Expenditure and Budget per Programme

Budget

Actuals

% Spent

R’000

R’000

R’000 126%

Programmes

Programme 1: Administration Programme 2: Land Assembly

160,909,400 202,315,271

34,085,967

32,129,092

94%

Programme 3: Programme Planning and Design, Regional Coordination and Human Settlement Implementation Support Service

345,960,064 229,641,334 540,955,430 464,085,697

66% 86%

Total

Revenue Collection

The table below gives the revenue from exchange transactions that have been collected by the HDA through the following streams:

Project management fees are earned for the implementation of projects in line with the funding agreements. The collection is in line with the capital expenditure incurred.

Fund management fees are earned in terms of the funding agreements entered with the Eastern Cape Provincial Government. The under-collection is in line with the capital expenditure incurred.

Interest income is earned on an operational grant received from the NDoHS and other revenue streams. The interest income earned is in line with the level of cash held in the banks during the year.

Other income: Rental income and other recoveries: Rental income is only incidental to the entity, land is leased out with the sole intention of protecting and securing the land and not for the generation of income. The properties are occupied by the tenants to avoid illegal invasion. Other recoveries for the year are mainly driven by a refund received from the City of Tshwane according to a court award that was paid by the Agency in the prior financial year.

2023/24

2022/23

(Over)/ Under Revenue Estimate

(Over)/ Under Revenue

Actual Revenue

Actual Revenue

Estimate

Source of revenue

R’000

R’000

R’000

R’000

R’000

R’000

Project Management fees Fund Management Fees Interest Income Rental Income and Other Recoveries

50,552

52,399

(1,847)

61,842

50,874

10,968

-

2,494

(2,494) (8,983)

-

4,067

(4,067) (6,487)

15,201

24,184

5,000

11,487

7,213

9,848

(2,635)

1,128

5,331

(4,203

Total

72,966

88,925 (15,959)

67,970

71,759

(3,789)

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