The Ingonyama Trust Board reported that its internal administrative costs are met from a transfer payment from the Department voted by Parliament. The operational costs are met from a 10 per cent of funds accruing through the Ingonyama Trust and revenue is generated from the Ingonyama Trust Board's trading activities such as leases and royalties. For the 2013/14 financial year, the Ingonyama Trust Board's Total Income, including reserves of R17, 6m and transfer payment of R7, 5m, is about R60, 2m. Due to the fact that R17m of the total income is from the reserves, about R42, 5m is technically the allocated budget for the 2013/14 financial year. The Committee noted that own fund income increases from R51.7m to R52,6m; transfer payment increases from R7,2m to R7,5m; and the reserves increase from R8,9m to R17,6m. However, the total budget, excluding reserves, decreases from R50m to R42.5m.