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