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Municipal Budget Circular for the 2022/23 MTREF

1 . 1 . 1 NA T I O N A L TR E A S U R Y MFMA Circular No. 112 Municipal Finance Management Act No. 56 of 2003 Municipal Budget Circular for the 2022/23 MTREF 06 December 2021 Page 1 of 21 Municipal Budget Circular for the 2022/23 MTREF CONTENTS 1. THE SOUTH AFRICAN ECONOMY AND INFLATION 2 2. KEY FOCUS AREAS FOR THE 2022/23 Budget PROCESS .. 3 LOCAL GOVERNMENT CONDITIONAL GRANTS ALLOCATIONS .. 4 3. IDP CONSULTATION PROCESS POST 2021 LOCAL GOVERNMENT ELECTIONS .. 5 4. MUNICIPALITIES UNABLE TO PASS THE ANNUAL Budget AFTER 1 JULY .. 5 5. Municipal STANDARD CHART OF ACCOUNTS (MSCOA) .. 6 RELEASE OF VERSION OF THE CHART .. 6 CREDIBILITY OF MSCOA DATA STRINGS .. 6 REGULATION OF MINIMUM BUSINESS PROCESSES AND SYSTEM SPECIFICATIONS .. 7 EXTENSION OF RT25-2016 SERVICE LEVEL AGREEMENTS (SLA) FOR FINANCIAL SYSTEMS.

infrastructure grant for George Local Municipality for the implementation of the potable water security and remedial works project. Due to delays in the implementation of projects approved through Budget Facility for Infrastructure (BFI), the projects sponsors have requested funding to be reduced to align with the planned project rollout.

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