Transcript BUDGET & TREASURY (FINANCE)

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BUDGET & TREASURY
(FINANCE)
Acting CFO:
Mr RAMATU THOMAS MAKGALE
30 MAY 2011
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OVERVIEW OF BUDGET & TREASURY
• This department is Responsible for Financial Planning
and Management, the Implementation of Municipal
Finance Management Act(MFMA), Relevant Financial
Reporting Guidelines & Regulations and MFMA
Circulars
• It furthermore Executes Procurement of Goods and
Services in a Transparent and Equitable Manner;
Favouring the Local Economy and Redressing
Historical Imbalances
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OPERATING STRUCTURE
The Directorate consist of the:
• Budget Office
• Expenditure Office
• Revenue Office
• Revenue Management
• Supply Chain Management
• Information; Communication and Technology
Division
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STRATEGIC OBJECTIVES
• Improve Working Environment and Staff
Relationships
• Provide Financial Support to Council, Management
and Accounting Officer
• Making Procurement Readily Available to Designated
Businesses
• Increase Rand Value of Procurement Spent towards
Designated Businesses
• Training to Comply with Legislation
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VISION
To Implement and Practice Sound Financial
Management in a Prudent way to achieve long-term
financial stability for the City of Matlosana
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MISSION
As an integrated support service in the business of
Local Government, this Department will provide
financial services in an accountable, effective and
transparent manner, through service excellence and
integrity in terms of the municipality’s value system.
It will furthermore provide Financial Planning;
Accounting; Financial Reporting; Budgeting;
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MISSION
Revenue and Debt Collection Management;
Expenditure Management; Cash and Investment
Management; Capital Projects Financing; Fixed
Assets Accounting; Risk Management; Financial
Information; Supply Chain Management and Support
Services to other Departments.
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VALUE SYSTEM
• Performance Excellence and Accurate Financial
Information
• Up-to-date Information and full Disclosure
• Prevention and Zero Tolerance of Corruption, Fraud
& other illegal exercises
• Ensure Effective and Efficient use of Public Funds to
ensure Sustainability
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VALUE SYSTEM
• Customers must be treated Professionally & with
Courtesy
• Ubuntu and Batho Pele Principles be adhered to all
times.
• Activities must meet Compliance and Governance
Directives.
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STRENGTHS
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Strong Revenue base
Sound Financial Policies
Sustainable Subsidy from National Government
Up-to-date Reliable Financial Information
Proper Financial Planning, Control and Budgeting
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OPPORTUNITIES
• Team-based Operations
• Structured Career Development and Challenging Task
Development
• Improve Payment Rate by New Initiatives
• Take IT System to next Step of Excellence
• Develop Consumer and Investor Trust in the Financial
Stability of Matlosana
• Improve on Sound Financial Rating
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THREATS
• Non-Payment of Services by Consumers who can
afford to pay
• Identification of Indigent consumers
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KEY ISSUES
• Pre-paid Management Server Purchased and
Installed to Enhance Service Delivery
• Computer Replacement Programme Installed to
Ensure an Effective Working Environment
• Audit Queries Managed to obtain Reasonable
Explanations and to Resolve
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KEY ISSUES
• Disclaimers Reduced to Obtain a Clean Audit Report
• Indigent Subsidy for Free basic service Allocations to
Comply with Legislation
• Prompt Payment of Creditors
• Disaster Recovery Plan Approved & Implemented to
Mitigate Risks
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KEY ISSUES
To ensure effective Administrative and Institutional
Systems, Structures and Procedures