Statistics Act, 1999
R 385
Public Audit Act, 2004 (Act No. 25 of 2004)Memorandum of Agreement (2020)Annexure AB. Criteria: Financial Performance IndicatorsB.4. Operational overspending |
Description:
This ratio measures the extent to which Budgeted Operating Expenditure has been spent during the financial year, under review. The ratio also assesses whether the auditee has effective controls in place to ensure that expenditure is incurred in accordance with an approved budget
Calculation
Actual Operating Expenditure / Budgeted Operating Expenditure x 100
|
Score |
Rating |
|
Score 3 |
Over-spending of more than 25% of operational budget |
|
Score 2 |
Over-spending of between 10% and 25% of operational budget |
|
Score 1 |
Over-spending of less than 10% of operational budget |
