More on Municipal Finance

The MFMA aims to modernize budget, accounting and financial management practices by placing local government finances on a sustainable footing in order to maximize the capacity of municipalities to deliver services to communities. It also aims to put in place a sound financial governance framework by clarifying and separating the roles and responsibilities of the council, mayor and officials.

Current and historical Municipal budget and financial performance data, Budgeted and actual figures for income and expenditure, cash flow and lots more.

The IYM became effective 1 of July 2005 with the aim of promoting effective reporting of both expenditure and revenue management within the local sphere of government.

All municipal entities must budget and report monthly as per the prescribed formats in the MBRR. The entity’s D Schedule, budget document and signed quality certificate must be submitted to lgdocuments@treasury.gov.za with the budget documentation of the parent municipality. Monthly reporting on the F Schedule by the entity must be submitted with the C Schedule of the parent municipality.

Section 71 Reporting Guideline

Consolidated Statements

The Department assumes the responsibility for delegated municipalities in terms of Municipal Finance Management Act (MFMA). The Accounting Officer is expected to publish financial information on performance of municipalities in terms of section 71 of the MFMA. 

Vision

Leading in innovation and service excellence.

Mission

Enhance fiscal discipline, accountability and effective governance in PFMA and MFMA institutions through: capable and professional workforce; inter-governmental collaboration; sustainable funding and equitable allocation and prudent financial management 

Values

We are committing ourselves to serve with: integrity, diligence, commitment, collaboration, transparency, leadership

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