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A Guide to Municipal Financial Management for Councillors

A Guide to Municipal Financial Management for Councillors

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Published by littleconspirator

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Published by: littleconspirator on Mar 07, 2012
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03/07/2012

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Dates

Mayor and Council /

Administration –

Entity Board

Municipality and Entity

July

• Mayor approves SDBIP and
annual performance
agreements if not already
approved before the start of
the budget year.

August

• Mayor reviews monthly reports
for July and only reports to
council if there are material
deviations from the budget
and SDBIP

September

• Review of monthly
reports for August

October

• Mayor reviews first quarter
performance reports and
tables to council
• Council considers first quarter
performance report and acts
as necessary

• Begins Implementing the
budget

• Entity accounting officers
provide monthly reports for
July to board and Accounting
Officer of municipality no later
than 7 working days after
month end
• Municipal accounting officer
provides monthly reports
(including reports of entities)
for July to mayor and organs
of state as required no later
than 10 working days after
month end

• Preparation of monthly
reports for August

• Entity accounting officers
provide monthly reports for
September to board and
accounting officer of
municipality no later than 7
working days after month end
• Municipal accounting officer
provides 1st quarter
performance report (including
reports of entities) to mayor
and organs of state as
required

147

ANNEXURE 3

Dates

Mayor and Council /

Administration –

Entity Board

Municipality and Entity

November

• Review of monthly reports
for October

December

• Review of monthly reports
for November

January

• Mayor reviews mid year
review reports and tables to
council with recommendations
regarding the need for an
adjustments budget
• Council considers mid year
review and acts as necessary

February

• Review of monthly reports
for January

March

• Review of monthly reports
for February

April

• Review of quarterly reports
for third quarter

May

• Review of monthly reports
for April

June

• Review of monthly reports
for May

• Preparation of monthly
reports for October

• Preparation of monthly
reports for November

• Entity accounting officers
provide mid-year review
reports to board and
accounting officer of
municipality
• Municipal accounting officer
provides mid-year review
reports including reports of
entities and recommendations
regarding the need for an
adjustment budget to mayor
and organs of state as required
• Results of mid-year review
are fed into the next year
budget process

• Preparation of monthly
reports for January

• Preparation of monthly
reports for February

• Preparation of quarterly
reports for third quarter
• Results of third quarter review
fed into next year budget
process

• Preparation of monthly
reports for April

• Preparation of monthly
reports for May

148

ANNEXURE 4

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