Saturday, November 23, 2024
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Mangaung Metropolitan Municipality
Budget - IDP - SDBIP

Adjustment Budget 2023/2024

Communications

Section 28 of the MFMA determines that –

(1) A municipality may revise an approved annual budget through an adjustments budget.
(2)(b) An adjustments budget may appropriate additional revenues that have become available over and above those anticipated in the annual budget, but only to revise or accelerate spending programs already budgeted for.
(2)(c) An adjustments budget may, within a prescribed framework, authorise unforeseeable and unavoidable expenditure recommended by the mayor of the municipality.
(2)(d) An adjustments budget may authorise the utilisation of projected savings in one vote towards spending under another vote.
(2)(e) An adjustments budget may authorise the spending of funds that were unspent at the end of the past financial year where the under-spending could not reasonably have been foreseen at the time to include projected roll-overs when the annual budget for the current year was approved by the council;
(2)(f) An adjustments budget may correct any errors in the annual budget; and
(2)(g) An adjustments budget may provide for any other expenditure within a prescribed framework.
(3) An adjustments budget must be in a prescribed format.
(4) Only the mayor may table an adjustments budget in the municipal council, but an adjustments budget in terms of subsection (2)(b) to (g) may only be tabled within any prescribed limitations as to timing and frequency.