Budget 2021 Summary
The Kanifing Municipal Council produces an annual budget to manage the financial resources of the Council. In line with the Local Government Finance and Audit Act 2004, the Council has the right and obligation to formulate, approve and execute a financial budget. The 2021 budget of KMC is in conformity with KMC’s Strategic Plan (2019-2022), Waste Management Plan (2017-2021), and Finance Manual. It is also aligned with The Gambia’s decentralisation efforts and the National Development Plan.
Revenue:
The revenue projected for the fiscal year 2021 amounts to D 280,429,161.15 (Two hundred and eighty million, four hundred and twenty-nine thousand, one hundred and sixty -one Dalasis) showing an increment in the total revenue budget of D 4,968,006.66 representing an increase of 30.77% compared to the 2020 budget. The projected revenue comprises of Trade License, Administration income, Markets income, Property Rates, Property Leasing, and Government Subvention.
Therefore, the revenue projection for 2021 analysed above is distributed among the revenue earning units as follows: Administration 1%, Market 20%, License 30%, Rates and Taxes 35%, Government Subventions 13%, and Car Park fees 1% as illustrated in the pie chart below.
Expenditure:
The projected expenditure for 2021 amounts to D 260,258,993.29 indicating an increment of D 52,154,215.59 (25%) compared to the 2020 total expenditure forecast. Out of the total expenditure budget for 2021, D 92,142,348.69 (35.4%) represents the Recurrent expenditures, which comprises of Emolument, Administration, and Maintenance expenses, while D 168,116,644.60 (64.6%) goes to Development expenditures. This division of Recurrent and Development expenditures is aligned with the Local Government Finance and Audit Act 2004.
Budget 2023 Summary
