Limpopo Gambling Board Final

5.7 Linking performance with budgets

The Entity spent 93% of the allocated budget for the 2022/23 Financial Year. The budget was increased in November 2022 when the budget adjustment was tabled at the Legislature. For the 2022/23 Financial Year, the Entity was able to perform its aspects of service delivery in line with its core mandate. Covered under section 5 of the report is the spending per Unit for the current year against that of the previous financial year. 6 REVENUE COLLECTION

2021/2022 Actual Amount Collected

2022/2023

Actual Amount Collected

Sources of revenue

Sources of revenue Estimate

Sources of revenue

Estimate

R’000

R’000

R’000

R’000

Levies

112 724 129 779

Levies

164 770 196 036

Levies

Own Revenue TOTAL

Own Revenue

Own Revenue

14 895

11 495

13 247

11 841

127 619 141 274

Total

178 017 207 877

Total

In the current year, the revenue performed well and compared well to collection before the pandemic. Levies continued to come in well above budget as a result of the upliftment of the State of Disaster during the year under review, which allowed the punters to enjoy the gaming entertainment. Own revenue did not perform as expected and has been adjusted for future budgets to reflect a fairer collection. Total revenue amounting to R 208 million was collected for the year under review against a budget of R 178 million. 7 CAPITAL INVESTMENT

2021/2022

2022/2023

(Over)/Under Expendi ture

(Over)/ Under Expenditure

Infrastru ture projects Budget

Actual Expenditure

Actual Expenditure

Budget

R’000

R’000

R’000

R’000

R’000

R’000

Not Applicable to the Limpopo Gambling Board

LIMPOPO GAMBLING BOARD 2022/23

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