The Bulawayo City Council (BCC) is saddled with a $23 million debt owed to its service providers, among them the Zimbabwe Electricity Supply Authority (Zesa).
According to the latest council minutes, the local authority owes $23 242 187, 27.
BCC financial director Kimpton Ndimande told councillors that at the end of the year, the municipality had a surplus of $1 289 519 although they still owed huge amounts to Zesa, the National Social Security Authority (NSSA) and the Zimbabwe Development Fund (Zimdef) among others.
“Surplus brought forward from December 2009 of $237 387 and total receipts and expenditure from January to October 2010 resulted in an overall surplus of $1 289 519 although there were still outstanding commitments to pay PAYE (Pay As You Earn), NSSA, medical aid, LAPF (Local Authorities Pension Fund), Zesa, Zimdef, Standard Development Levy, telephone and trade creditors,” read part of the minutes.
The BCC is owed $71 226 750, 78 by households, industry and commerce and the government, the city fathers said.
Domestic debtors owe the local authority $45 489 369, 86, industry and commerce $17 416 202, 4 and government $8 321 178, 51.
In an effort to raise funds and pay its debt, the BCC has come up with a proposal that ratepayers settle all their monthly bills and 10% of their debts.
At the end of the year, the local authority owed Zesa $6 994 547, 61, LAPF $7 254 900, 38 and PAYE $3 355 276, 18 among others.