(MFSA) Municipal Finance Self-Assesment

Similar documents
Tourism in Montenegro

SUPPORT TO WATER RESOURCES MANAGEMENT IN THE DRINA RIVER BASIN DRAFT ROOF REPORT INTRODUCTION AND GENERAL APPROACH

1. NAME OF THE PROJECT CONSTRUCTION OF THE HOTEL AND SUITS BIKAVAC IN VIŠEGRAD

BULLETIN 2. 6 th South East European Masters Orienteering Championships ŽABLJAK-MONTENEGRO

Company ID. Bosnia and Herzegovina Entity: The Federation of Bosnia and Herzegovina Canton: The Herzegovina-Neretva Canton

Cross-border region Drina - Sava

JUNE JULY 18. VIENNA

YEARS OF THE WORLD BANK IN BOSNIA AND HERZEGOVINA

REPUBLIC OF SRPSKA GOVERNMENT ECONOMIC REFORM PROGRAMME OF THE REPUBLIC OF SRPSKA FOR THE PERIOD

BULLETIN 2. 7 th South East European Orienteering Championships ŽABLJAK-MONTENEGRO

Cross Border Development Concept Foča (BiH) Plužine (MNE)

University Dzemal Bijedic of Mostar

Hiking the Via Dinarica. 22 Days

Bosnia Hiking Tour & Jewel of Herzegovina with Green Visions

THE MUNICIPALITY of PROZOR-RAMA

Petrovac Business residential development

STATUS AND TRENDS OF SHEEP PRODUCTION IN THE DURMITOR AREA

Cross-border cooperation along the Serbian Bosnian border. Drina Euroregion

Socio-demographic and Economic Profiles of the Regions in the Republic of Macedonia

Period: Risk: Availability of public funds

Lasta Travel doo is a Tour Operator and Destination Management Company established in 2010 in Mostar, Bosnia & Herzegovina

MAPs sector in Bosnia and Herzegovina

SERBIA - Open Heart Country - Author: Vesna Vlatković

INVESTMENT PROFILE OF THE MUNICIPALITY OF PALE. Excellent Opportunity for Investors

Amarildo Mulić. How to generate social and economic benefits in cooperation with the local community

The Airport. p a g e 2

BFC SEE STANDARD. Certification of Business Friendly Cities and Municipalities in South East Europe.

North Carolina (Statewide) 2016 Prosperity Zone Data Books

BHP Billiton Limited - Strategy, SWOT and Corporate Finance Report

2.1m visits made by Day Visitors to the park area in Total Visitor Numbers increased by 14%

- ENA HARVEY, Agritourism Specialist at the Inter-American Institute for Cooperation on Agriculture

Inland Excursions & Taxi services

DT-2018 NGO Dani jabuke, Gorazde, Bosnia and Herzegovina Days of apple 2,

The Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2015

Main Features Location. 2 EUROPEAN CORRIDORS Koridor VII Danube River 22km of riverbank, road bridge, Smederevo Fortress monument of culture

Australia & New Zealand

Cultural Heritage for Local Economic Development

Estimated operating transfers in - - 4,427, , ,538 4,845, , , ,664

Estimated operating transfers in - - 2,679, , ,698,323 4,388, , ,810

Dzemal Bijedic University of Mostar

Belgrade Chamber of Economy.

XII SYMPOSIUM ON FORAGE CROPS OF REPUBLIC OF SERBIA

Upon arrival to Rijeka Crnojevica lunch is organized in a local restaurant.

1. FORECAST VISITATION FOR GREAT OCEAN ROAD

LORD HOWE ISLAND MARINE PARK PROFILE OF LOCAL BUSINESSES. Department of Environment Climate Change & Water. Prepared For: Prepared By:

TOURISM. 26 TH AND 27 TH MAY 2017, INVESTMENT CONFERENCE "INVEST IN TREBINJE" / TREBINJE REPUBLIKA SRPSKA, BIH

How should the proposed protected area be administered and managed?

BALKAN EXPRESS SUMMER SCHOOL 2015

MUNICIPALITY OF PRESEVO

TOUR HIGHLIGHTS SINGAPORE BELGRADE SERBIA. Belgrade - Kalamegdan Fortress and The House of Flowers

Director HongBin ZHANG. 6 th UNWTO Summit Malaysia December Hangzhou Tourism Committee. Hang Zhou. China

USA Acquisition Summary. December 2010

LOCATION, CLIMATE, AND NATURAL RESOURCES OF MEXICO

MONTENEGRO AND SERBIA EXPLORER

Pension Reserve Fund of the Republic of Srpska & Capital Market of the Republic of Srpska

The Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2013

The Economic Impact of Tourism on Galveston Island, Texas

ACCOMMODATION from the supply side

REPORT OF THE INTERNATIONAL MISSION TO DURMITOR NATIONAL PARK AND TARA RIVER BASIN, SERBIA AND MONTENEGRO, AND TO BOSNIA AND HERZEGOVINA

The Economic Impact of Tourism on Galveston Island, Texas Analysis

Cross-border region Drina - Tara

ELECTIONS UNIVERSITY DEGREE Assistant professor, University of Travnik, Faculty of Management and Business, A university professor

2012. Proceedings of the 11 European Geoparks Conference. AGA Associação Geoparque Arouca, Arouca, 5-6.

Estonia. Tourism in the economy. Tourism governance and funding

Istočno Novo Sarajevo The Right Place for Your Investment INVESTMENT PROFILE.

BREA. Contribution of Cruise Tourism to the Economies of Europe 2011 Country Report France. The European Cruise Council.

Alberto Calderon Group Executive and Chief Executive Aluminium, Nickel and Corporate Development

Protected Areas Benefit Assessment (PA-BAT) in Bosnia and Herzegovina REPORT ADRIA

CULTURAL HERITAGE & TOURISM CONSULTATION & PLANNING

GALAXY ENTERTAINMENT GROUP

Consolidated Statement of Financial Position as at December 31, 2017

Procedures of obtaining the exploitation permit for the utilization of geothermal energy

1. TITLE OF THE PROJECT HYDROPOWER SYSTEM UPPER HORIZONS. 2. SECTOR Energy

Central Bank of Bosnia and Herzegovina

1. PROJECT TITLE HOTEL WITH SUPPORTING FACILITIES WITHIN KASTEL FORTRESS. 2. SECTOR Tourism and hospitality industry. 3. LOCATION Banja Luka

Authored by Cr Bob Manning Mayor

Teaser of Institute Igalo, MONTENEGRO. September, 2013

Public Seminar 30 October 2018, Lisbon. Water sector in B&H

China Interests in Sub-Saharan Africa. Economic and Political Interests between the Growing Superpower and Continent

CITY OF PALM SPRINGS FINANCING AUTHORITY CITY OF PALM SPRINGS

REFERENCES EVENT MANAGEMENT

Discover the new shopping planet. Banja Luka, Bosnia and Herzegovina

Contents. On the Road 4. Western Balkans Highlights 5. Destination Western Balkans 18. Getting Started 19. Itineraries 25. Snapshots 29.

Asset Manager s Report to the DRA Board

SMEDEREVO / PREMIUM INVESTMENT LOCATION

EFFECTS OF THE EU PREACCESSION PROGRAMS IN BOSNIA & HERCEGOVINA TOURISM SECTOR

PLJEVLJA the Northern Gate of Montenegro

Investor Update April 2009

2. Industry and Business

Port of Newcastle 2016 TRADE REPORT. Port of Newcastle

Itinerary: Programme Day 1: 18th May 2016 (Wednesday) Budva Accomodation

INTERNATIONAL FINANCIAL SALARY GUIDE

EVENT CENTRE / ARENA COMPLEX

TOWNSVILLE NORTH QUEENSLAND IN FOCUS LIVEABLE THE LARGEST CITY IN NORTHERN AUSTRALIA

PORT OF NEWCASTLE 2017 TRADE REPORT

DNEVNIK JVC Novi Sad

Lessons Learned from the Floods this May

26 October 2017 Icelandair Group Interim Report NET PROFIT USD 101 MILLION IN THIRD QUARTER

INVESTMENT PROJECTS IN THE PERUVIAN MINING

South Australian Centre for Economic Studies June 2016 Economic Briefing Report 28 June, 2016

Transcription:

MUNICIPALITY OF FOČA (MFSA) Municipal Finance Self-Assesment Skoplje, 15.11.2017 Mirjana Davidović, Head of Finance Department, Municipality of Foča

Municipality of Foča Basic information on the municipality: Surface area 1,115 km2 Population 19,811 Altitude above sea level 390 m Distance from larges cities: Sarajevo 72 km Podgorica 163 km Dubrovnik 169 km Belgrade 340 km Strategic directions for development: - Industry and energy - Tourism - Agriculture

Faculty of Orthodox Theology City of youth In the frames of the University of East Sarajevo there are two faculties in Foča: - Medical Faculty (departments: Defectology, Patient care, Medicine and Dentistry) with a total of 1137 students - Faculty of Orthodox Theology 459 students Medical Faculty

Touristic potentials of municipality Foča Foča has important preconditions for development of tourism: Natural potentials: NP Sutjeska with mountains and rain-forests: Maglić (highest peak in B&H), Zelengora (with 8 glacial lakes) and rain-forest Perućica (best preserved in Europe), Rivers: Tara (deepest canyon in Europe), Drina and Ćehotina, Sand pyramids (geomorphological rarity in this region) Rich cultural-historical heritage: Clock tower Many prehistoric drawings

National park Sutjeska NP Sutjeska is the most diverse ecosystem in B&H and one of the most diverse in Europe. It covers: watershed of Sutjeska river with the strict natural rain-forest reservation Perućica, parts of mountain Maglić (2386 m-highest peak in B&H), Volujak, Vučevo and Zelengora. In NP Sutjeska there are many older and newer historical monuments, the most famous of which is the monumental Battle on Sutjeska by Miodrag Živković OK Fest international event. Monument Battle on Sutjeska Waterfal Skakavac Vratar (towards Trebinje)

River Tara canyon River Tara is one of the most beautiful rivers in Europe with an 80 km long canyon, which is the second deepest in the world (after Colorado) and the deepest in Europe. Rafting on Tara is a recognizable tourist brand of the municipality of Foča. Rafting clubs offer accommodation and catering in several camps. The largest is Camp Bastasi located on the right bank of the river Drine, 15 km upstream from Foča, with 7 separate camps. Total accommodation capacity of camps in all locations: 1200 beds

Sand pyramids The sand pyramids are located on the ninth kilometer of the old road Foča - Miljevina Sarajevo (on the right side of the road) in Daničići. They are a true masterpiece of nature!

MAIN REVENUES Items (in BAM) 2011 2012 2013 2014 2015 2016 Share 2016 State transfers and grants Own-source revenues External revenues 6,451,086 8,356,701 6,117,689 7,497,864 7,258,431 8,902,909 75.4% 2,207,688 2,560,670 2,715,507 2,518,484 2,441,225 2,388,575 20.2% 80,196 6,694 280,650 211,169 304,395 516,835 4.4% 8,738,970 10,924,065 9,113,846 10,227,517 10,004,051 11,808,319 100.0% 14.000.000 State transfers & grants Own-source revenues External revenues 12.000.000 10.000.000 8.000.000 6.000.000 4.000.000 2.000.000 0 2012 2013 2014 2015 2016

MAIN EXPENDITURES Items (in BAM) 2011 2012 2013 2014 2015 2016 Share 2016 GENERAL ADMINISTRATION 1,716,705 2,116,156 2,921,152 2,202,600 2,153,055 2,120,350 27% URBAN SERVICES 3,320,523 5,678,811 929,073 1,402,536 1,625,678 3,990,784 51% SOCIAL SERVICES 783,987 898,074 1,409,112 1,590,810 1,661,896 1,727,704 22% 5,821,215 8,693,041 5,259,337 5,195,946 5,440,629 7,838,838 100% 10.000.000 9.000.000 8.000.000 7.000.000 6.000.000 5.000.000 4.000.000 3.000.000 2.000.000 1.000.000 0 General administration Urban services Social services 2012 2013 2014 2015 2016

OTHER INDICATORS INDICATOR Comp. Index 2011 2012 2013 2014 2015 2016 Salaries and fees / current operating expenses Number of municipal employees / 1000 citizens Real revenues / planned revenues < 40% 19.5% 19.9% 19.4% 19.7% 17.0% 17.0% < 25 8.0 10.0 10.0 9.0 9.0 9.0 95 < A/P < 105 95.3% 110.7% 102.7% 102.0% 99.7% 99.7% The local unit has good prediction capacities and the budget is realiable > 95 %

INDEBTEDNESS INDICATOR Comp. Index 2011 2012 2013 2014 2015 2016 Unpaid liabilities / gross operative savings < 10 years 0.0 0.0 0.5-15.7 2.4 1.2 Debt servicing / total current revenues < 10 % 9.4% 1.2% 3.0% 3.3% 3.0% 4.3% Unpaid liabilities / total budget < 60 % 0.0% 0.0% 8.1% 40.8% 34.8% 25.6% Debt / current revenues < 15 % 0.0% 18.5% 0.0% 12.6% 0.0% 2.74% The local unit has room for new credit debts

DIRECT FOREIGN INVESTMENTS IN FOČI - COMPANY FL WOOD LTD FOČA - WESTERN MINING ČELEBIĆI - Balkan Mining PTY Ltd Australia, i.e. concessioner Western mining Ltd Banja Luka has a Prospecting contract for lead, zinc, copper and related metals in the area Čelebići, municipality of Foča. - TREND-TEX production of medical apparel (coats,...) - DOLI BEL three multiplex cinema halls

PRODUCTION FROM FOREIGN INVESTMENTS

THANK YOU FOR YOUR ATTENTION!