Key findings: P9114 - Financial Census of Municipalities, June 2009

Acid test ratio

Municipalities throughout the country recorded the acid test ratio of 1,3:1 and 1,1:1 during the financial years ended June 2008 and June 2009 respectively.

Current ratio

The current ratio of municipalities was 1,4:1 in 2008 financial year and dropped to 1,2:1 in 2009 financial year.

Municipal revenue stream

For 2009 financial year, `Service charges` (income from Water, Electricity and gas sales, as well as Refuse removal and Sewerage and sanitation charges) were the largest contributor to municipal revenue (37,5%), followed by `Grants and subsidies received` (32,7%), then