The City of Johannesburg is hoping that it won't have to explain to the Treasury why it failed to spend billions of rands allocated to it for critical infrastructure projects. City officials - chief among them Geoff Makhubo, the member of the mayoral committee overseeing the city's finances - are waiting for a final tally of the money spent, or earmarked for expenditure, in the hope of reporting respectable figures to the Treasury.But their hopes depend on what the city's departments and municipal-owned entities planned to spend as against what they did spend.As it turns out, the city had managed to spend only R6-billion, or 56%, of its capital expenditure budget of R10.8-billion by the end of May.This left the city with a month, to the end of the 2014-2015 financial year, to spend the remainder of the budget.It remains to be seen whether the city was able to spend almost R4-billion in June alone.Failure to spend money allocated for critical infrastructure projects could result in the city losing significant amounts of funding.According to the Municipal Finance Management Act, a city that has underspent its budget has to pass an adjustments budget so that all money not spent can be rolled over to the next financial year.Makhubo said: "As we speak, the preliminary figures we have reported to the Treasury are sitting at 91%. But I know we have not completed the reconciliation at Johannesburg Roads Agency and housing [because] those are the two biggest spenders we have in the city."..