EXPENDITURE

1. THE ANNUAL FINANCIAL STATEMENT AND ASSETS

This subsection is, amongst other things, responsible for:

  • Preparation of interim and annual financial statements
  • Facilitating the external audit process
  • Ad hoc financial reporting to external stakeholders
  • Performing monthly bank reconciliations
  • Managing a GRAP compliant assets register
  • Managing the short-term insurance portfolio

 

2. CREDITOR AND CASH MANAGEMENT

This subsection is responsible for

  • Responsible for the payment of Creditors
  • Sundry payments to employees and other stakeholders
  • Invest Councils funds to Financial Institutions and receive the best return on investments
  • Administration of the loans process and the repayment thereof.
  • Manage the cash in-flow and out-flow of municipality
  • Responsible for the administration of the insurance claims process
  • Compiling monthly financial reports to Council and National Treasury

 

3. BUDGET AND FINANCIAL SUPPORT SUB-SECTION

This subsection is responsible for

  • Compilation and submission of Medium Term Revenue Expenditure Framework (MTREF)
  • Compiling monthly financial reports to Council, National & Provincial Treasuries
  • Submission of monthly & quarterly grant expenditure returns to National & Provincial Treasury, CoGTA & other spheres of government.
  • Management of Payroll and payroll related policies
  • Financial and Cost  management
  • Ledger maintenance
  • Preparation of management and exception reports
  • Providing support to other departments on budget related matters

 



City Calendar

Last month May 2018 Next month
S M T W T F S
week 18 1 2 3 4 5
week 19 6 7 8 9 10 11 12
week 20 13 14 15 16 17 18 19
week 21 20 21 22 23 24 25 26
week 22 27 28 29 30 31