Income and Expenditure

Income & Expenditure  – OMEVTA Future Development Proposal

PROJECTED ANNUAL INCOME

 Activities

Rate / m2

Total m2

Per Annum

Commercial / micro enterprise / SME

R 32

16,100

R 6,182,400

Residential use

R 60

9,900

R 7,128,000

Residential use

R 42

4,800

R 2,419,200

Residential use

R 30

4,800

R 1,728,000

Non Profit / Education / Recreation use

R 15

7,570

R 1,362,600

Land enclosed for dedicated Commercial / SME enterprises

R 5

3,850

R 231,000

Land enclosed for dedicated NGO / Education / Recreation / Social use

R 2

17,650

R 366,000

Weekend Craft & Food Markets on Saturdays – income generated from stall holders

R 2,688,000

Weekend Music Events on Saturday &Sunday afternoons from December – March – income generated from visitorsentrance fee x 4 Sundays per month x 4 months per year

R 1,120,000

Total income potential per annum

R 23,225,200

 

PROJECTED ANNUAL EXPENDITURE

Detail Annually
Potential Income  R 23,225,200
Independent Social Enterprise Management Operating Expenses (includes building & grounds maintenance / 24 hour security / youth skills job shadowing program / weekend craft food market & music events management) R 4,530,750
Allocation for a Loan Repayment of R 210 Million capital expenditure (ADB / IDC / DTI / CSI / other) based on a 20 Year repayment period @ 2 % interest rate. R 12,748,260
Income to Provincial Government based on a fifty year (or more) lease agreement (R 200 Million over fifty years) R 4,000,000
Allocation to TRUP / Other non-profit organisation involved in social, economic, environmental and educational development activities & servicesin the region (R 70 Million over fifty years) R 1,400,000
Allocation for on-going improvements to property & buildings (after renovations & construction is completed) R 546,190
Total Expenses R 23,225,200

 

To argue that a market profit driven bottom line economic model is the only measure of value is to ignore most of human history, recorded or otherwise – Social Entrepreneur

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