Chapter 6 - Financial management and MFMA implementation

616 Financial management and MFMA implementation Introduction A consolidated legal framework for democratic, accountable and developmental local government is formed by the municipal Finance management Act (MFMA), together with the municipal Structures Act, municipal Systems Act, municipal property rates Act and other local government legislation. The implementation of the MFMA began in July 2004, and there is growing awareness of its significance throughout government. A phasing-in strategy allowed municipalities adequate time to implement the reforms required by the Act, and progress reported to date is encouraging. The MFMA assigns clear roles and responsibilities to the various role-players involved in municipal Financial management , and sets out to achieve and maintain public accountability, transparency, good governance and Financial sustainability.

Act, Municipal Systems Act, Municipal Property Rates Act and other local government legislation. ... • Provision of a help line for questions about the MFMA and implementation issues, as well as a summary of frequently-asked questions and responses. • Publication of MFMA pocket guides and …

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  Question, Property, Rates, Frequently, Asked, Municipal, Asked questions, Municipal property rates act

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