By Flata Kavinga
Zibagwe Rural District Council (ZRDC) Chief Executive Officer Farai Machaya has reported an improved financial performance for the fourth quarter of 2025.
Presenting the fourth-quarter financial performance report during a full council meeting, Machaya said council achieved a budget execution rate of 111 percent after realizing ZWG33,4 million against a quarterly budget of ZWG30,1 million, resulting in a positive variance of ZWG3,35 million.
However, Machaya noted that the annual budget performance for 2025 stood at 59 percent, with ZWG70,6 million collected against an annual target of ZWG120,2 million.
He said collection efficiency was 71 percent, while billing efficiency stood at 83 percent.
According to the revenue trends analysis for the final quarter, council collected ZWG26 million in October, ZWG3,4 million in November and ZWG3,6 million in December. Machaya said the spike in October largely accounted for the strong fourth-quarter performance.
Turning to council’s financial position at year-end, Machaya said ZRDC recorded debtors amounting to ZWG180,18 million and creditors of ZWG21,92 million. He explained that the resulting creditors-to-debtors ratio of approximately 0,12 indicated a strong liquidity position.
“This means that for every ZWG1 owed to creditors, council is owed about ZWG8,22 by its debtors, suggesting that council is able to cover its liabilities,” he said.
Council also generated additional income through the disposal of obsolete assets. Machaya said a public auction held on 16 December 2025, involving impaired mobile equipment and accessories, raised US$23 462.
“All the proceeds from the auction were used to recapitalise council assets, thereby enhancing our capacity to serve the community,” he said.
