3.3 There has been a total stabilisation of finances of the Municipality with a bank balance of more than R58 million at the end of May 2011, in which provision is made for R11 500 000 for service delivery in 2010/11 and R16 900 000 for service delivery in the 2011/12 financial years. Civil recovery is underway with regard to recovery of approximately R15 300 000 from the former Municipal Manager and Chief Financial Officer (CFO). The Municipality is financially stable, and has appointed a Municipal Manager who is able to undertake the implementation of the exit strategy.