Financials
Kenton on Sea Ratepayers Association
KOSRA is required to prepare a financial statement, in conformity with generally accepted accounting practice, for submission to its members at the AGM. The financial year runs from 1 November in any year to 31 October the following year.
To date we have spent roughly R2.3million on this work (R1.4m from Kenton residents via KOSRA and R900k from Ndlambe). This equates to around R72/sqm. Initially, we estimated a road maintenance need of around R3 million per year over 3 years. Thus, R9 million to repair our road surfaces in preparation for future routine and periodic maintenance. This total amount still seems to be valid and reasonable. In addition, ratepayers have funded block paving of 175 metres of Westbourne road that was in a very poor condition at a cost of some R500 000, with Ndlambe block paving another 540 m of this road.
View the financial statements for:
