Home » »Unlabelled » Mhondoro-Ngezi RDC boasts of 2019 financial status
October 24, 2019 / comments : 0
John Murwira in Mhondoro
Mhondoro Ngezi Rural District Council is buoyed by a satisfactory
financial position which stands at 78 %, despite the hard economic
challenges facing the country.
Addressing a third quarter full council meeting, Mhondoro Ngezi RDC
Chief Executive Officer, Dr Itai Mawonde said despite the constrained
economic environment facing the country, the local authority had
registered tremendous infrastructural development and had offset
statutory obligations, while maintaining a sustainable budget
"The financial position of council is currently satisfactory as we
have managed to discharge most of our creditors. Council collected an
amount of $15,180,770-00 RTGS in revenue and expended a total of
$12,908,688-00 composed of fixed overheads $1,530295-00 , capital
expenditure $5,925,010-00," said Dr Mawonde.
Council Chairman, Mr Ephraim Chengeta lauded the budget performance,
which he said was a result of unity among all stakeholders.
"As council we extend our gratitude to all our stakeholders for their
unwavering support towards achievement of council set goals," said
Ward 10 Councillor, Bezel Kazembe said the amicable relationship
between council and the community at large should continue as it is
poised for growth and development of the area.-LOCAL
Zimbabwe News Anchor
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