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.

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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  Policy, Purpose, Main, Recommendations, Budget, Purpose and main recommendation, Budget policy

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