MFMA Financial Report & Budget Statement – 31 August 2022
MUNICIPAL FINANCE MANAGEMENT ACT (MFMA): PRELIMINARY MONTHLY FINANCIAL REPORT FOR THE MONTH ENDED 31 AUGUST 2022 (MONTHLY BUDGET STATEMENT)
To comply with section 71 of the MFMA, by providing a monthly statement on the implementation of the budget and the financial state of affairs for the municipality to the Executive Mayor, as legislated.
The strategic objective of this report is to ensure good governance, finanCial viability and optimal institutional transformation with capacity to execute its mandate.
Section 71 of the MFMA requires that: ·
The accounting officer of a municipalityr’nust by no later than 10 working days after the end of each month submit to the mayor of the municipality, and the relevant National and Provincial Treasury, a statement in the prescribed format on the ‘ state of the municipality’s budget reflecting certain details for that month and for the financial year up to the end of that month.