Budget & Treasury Services
The primary responsibility for ensuring transparency, accountability and sound financial management. This means ensuring that: all statutory requirements are adhered to in monthly management reports, National Treasury in-year monitoring reports and annual financial statements are prepared and submitted on time, financial resources are effectively and efficiently utilized, and there is an efficient implementation of the Supply Management Policy.
Ensuring transparency, accountability, and sound financial management is a cornerstone of the Office of the Municipal Manager’s responsibilities. This involves rigorous adherence to statutory requirements, including the accurate and timely preparation of monthly management reports, National Treasury in-year monitoring reports, and annual financial statements. Monthly management reports provide ongoing oversight of the municipality’s financial health, highlighting revenue, expenditure, and any variances from budgeted figures. These reports are crucial for identifying financial trends and potential issues early on. The National Treasury in-year monitoring reports assess financial performance and compliance with national standards, while annual financial statements offer a comprehensive overview of the municipality’s financial status at the end of the fiscal year. Timely submission of these documents ensures that the municipality remains in good standing with regulatory authorities and demonstrates commitment to financial transparency and accountability.
Effective and efficient utilization of financial resources is another critical aspect of financial management. The Office of the Municipal Manager is tasked with ensuring that funds are allocated and spent judiciously, aligning with budgetary provisions and strategic objectives. This involves careful planning and monitoring of expenditures to avoid overspending and waste. By implementing robust financial controls and regular financial reviews, the Office can ensure that resources are directed towards priority projects and services that benefit the community. Proper utilization of financial resources not only supports the municipality’s operational needs but also contributes to building public trust by demonstrating prudent management of taxpayer funds.
The efficient implementation of the Supply Chain Management Policy is also essential for maintaining financial integrity. This policy governs the procurement of goods and services, ensuring that all transactions are conducted fairly, transparently, and in accordance with legal requirements. It aims to prevent fraud, corruption, and favoritism in the procurement process. By adhering to the policy, the municipality can ensure that it obtains value for money and that procurement processes are open and competitive. This contributes to better financial management and reinforces public confidence in the municipality’s ability to manage its affairs effectively and ethically.