Kampala Capital City Authority (KCCA) has grown its local revenue by 86% in the past two years, according to the executive director, Jennifer Musisi.
Musisi said they collected sh55.7b last financial year, up from sh30B the former KCC collected in financial year 2010/2011. She expects the collections to rise to sh68b this financial year.
Highlighting her achievements at the opening of the rebuilt new taxi park on Tuesday, Musisi attributed the growth to improved revenue collection systems and fighting corruption.
"KCCA has improved the payment systems by processing all payments through the bank; this has significantly reduced fraud, complaints and wastage of public resources, and efforts to recover more assets are under way, "she emphasized.
She cited the changes made in collecting fees from the public commuter taxis when KCCA kicked UTODA out of the deal.
"UTODA used to pay to KCC sh4.7b a year. During Financial Year 2012/13 KCCA collected sh12.5b from this source of revenue reflecting a growth of 166%," Musisi explained.
She said the revenue growth and recovery of several increased KCCA's net worth from sh68b in 2011/2012 to sh454b as at June 30.
Musisi said KCCA had also reduced the number of bank accounts from 151 inherited from KCC to 10 accounts in June in a move to promote transparency and accountability.
She said KCCA is currently planning to computerise its revenue collection and management systems so as to close all loopholes that may lead to financial loss.
Other achievements include 94% improvement in garbage collection from the 16,000 tons every month in 2011to 31,000 tons now after distributing 616 litter bins to abate littering.
This has also been enabled by the procurement of eight new high capacity garbage trucks and 50 garbage skips.
Musisi highlighted a number of social investments and development projects undertaken using the increased local revenue and other funds from the Government.
A total of 174 groups with 7,145 members received funds sh838m. Another sh325m was distributed 67 groups with 1,340 members, mainly youth and women, in the first quarter of this financial year.
The groups has since started catering services, poultry, briquette making, art and crafts, events management, drama and music among other enterprises.
Musisi said KCCA has started a concrete project in Kyanja to make concrete pavers, flower pots, and interlocking blocks among others for use by the authority in order to reduce on expenditure.