Finance

Ms. B Xezu
Secretary

Budget and Treasury office have a section responsible for preparation of Annual Financial Statement and Audit Coordination. The key areas of this section are

Preparation and submission of Annual Financial Statements

Ensuring that audit is performed well by Auditor General and required information is submitted to them timeously

Ensure that Audit Action plan is developed and implemented

MSCOA

Section 216(1) of the constitution states that national government must establish a National Treasury and prescribe measures to ensure both transparency and expenditure control in each sphere of government. Uniform expenditure classification in the form of Standards Chart of Accounts (SCOA) have already been rolled out to the National and Provincial Government Departments. mSCOA was introduced in the Local Government sphere in 2014 and is currently being rolled out for full implementation on 01 July 2017.

The Minister of Finance promulgated the Municipal Regulations on Standard Chart of Accounts (mSCOA) on 22 April 2014. The objective of the regulations was to provide national standards with uniform recording and classification of municipal budget and financial information at a transactional level by providing a standard chart of accounts.

• In accordance with these regulations, all municipalities and municipal entities are required to be mSCOA compliant by 1 July 2017.

Departments

• Assets
• Budget-and-Reporting
• Income and Expenditure
• Systems Administration
• Supply Chain Management
• AFS & Audit Coordination
• Revenue