The Agency's total revenue for the period under review which is mainly transfers from Department of Social Development including its own revenue amounted to R5. 6 billion while total expenditure amounted to R5. 2 billion or 91% of the budget. This leaves a total budget savings of R462. 7 million. The bulk of the administration budget is allocated to cash contractors' fees and that is where the majority of the saving is derived. In this regard, the Agency during the period under review realised a reduction on the expenditure related to the payment of cash payment contractor's fees. This was as a result of the negotiations between the Agency and the contractors on fees paid to them for the disbursement of grants to beneficiaries. At the beginning of the period under review, the Agency had an accumulated budget deficit of R884 million. This results from the budgetary constraints experienced by the Agency since the 2007/08 financial year. In an effort to deal effectively with budget constraints, the Agency had to put in place measures that ensured efficient spending such as scaling down on unnecessary expenditure. This was done by continuing to implement cost containment measures as part of the broader cash stabilisation strategy. The cash stabilisation strategy comprises the following pillars which are briefly explained hereunder: