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Select Committee on Appropriations Parliament Presentation City of Tshwane 16 October 2012 Presented by Andile Dyakala Group Chief Financial Officer. TABLE OF CONTENTS. Development and implementation of Municipality’s budgets
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City of Tshwane 16 October 2012
Group Chief Financial Officer
(a) short falls within a financial year during which the debt incurred, in expectation of specific and realistic anticipation of income to be received within the financial year; or
(b) capital needs within a financial year to be repaid from specific fund to be received from enforceable allocations or long term debt commitments.
“National Treasury has noted media reports alleging that the City of Tshwane Metropolitan Municipality breached sections of the Municipal Finance Management Act (MFMA) when it sought to issue a bond in June 2012. Treasury’s monitoring of, and oversight over, the financial affairs of municipalities, especially those relating to long-term borrowing, are governed by the MFMA.
The City of Tshwane did consult on its plans to raise long-term debt, including inviting comments from National Treasury and the Gauteng provincial treasury. However the decision making and accountability for the bond issue is the responsibility of the municipal council.
National Treasury can confirm though that with respect to the proposed bond issue the City of Tshwane Metropolitan Municipality acted within the legislative framework and did not breach Sections 45 and 46 of the MFMA.”
Sources of revenue, collection and its expenditure management (2)
Cash Flow Position: 2011/12 versus previous years (bank statement balance)
A cash backing of reserve funds initiative was introduced from July 2012 to earmark R21 million per month for this purpose.
*Collection rate of consumers debtors = 95% and 8% is provided for previous debt payable
Cash flow strategy
i.e. Correct and accurate billing encourage residents to pay for services rendered
(i) no accounts are opened for tenants anymore
(ii) Arrangement for partial payment is reviewed – which is now limited to worst and non-affordability cases with proof
Supply Chain Management
Assets (GRAP 17)
Information and Communications Technology (ICT)
Predetermined objectives (Performance Information)