Transcription of 1. PURPOSE AND MAIN RECOMMENDATION : …
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1. PURPOSE AND MAIN RECOMMENDATION : …
ANNEXURE 15 1 1. PURPOSE AND main RECOMMENDATION : budget policy The rational for this report is to obtain Council approval for the implementation of a consolidated budget policy in line with the Municipal Finance Management Act (MFMA), 2003, (Act 56 of 2003), in order: To establish, maintain and approve a policy framework by which Executive Managers, Mangers and Specialists can compile, control and review departmental budgets to ensure effective financial management; To assist Executive Managers and Managers to identify (detect) financial problems in time and to provide them with the remedial or corrective measures to rectify variance; and To empower Councilors, Mayoral Committee members and Officials to ensure that funds are managed carefully and transparently as accountability resides with them. The main RECOMMENDATION is that the attached budget policy be approved for implementation on 1st July 2010. ANNEXURE 15 2 1.
ANNEXURE 15 1 1. PURPOSE AND MAIN RECOMMENDATION : BUDGET POLICY The rational for this report is to obtain Council approval for the implementation of a
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