Example: bankruptcy

Treasury Regulations for departments, [and] constitutional ...

Government Gazette No 22141 dated 9 March 2001 Published in terms of section 78 of the Public Finance Management Act (Act 1 of 1999) Interested persons may submit comments in writing before 26 March 2000 to the Director-General: National Treasury , c/o Mr Jayce Nair at (e-mail) or fax (012) 315 5165 or (address) Private Bag X115, Pretoria, 0001. Telephone Mr Nair (012) 315 5482. ---------------------------------------- ---------------------------------------- --------------------------------- Treasury Regulations for departments, [and] constitutional institutions, public entities, Parliament and provincial legislatures Issued in terms of the Public Finance Management Act, 1999 National Treasury Republic of South Africa [May 2000]March 2001 Contents PART 1: Definitions, application and date of commencement 1 1.

8.5 Charging of expenditure against a particular vote or main division of a vote 24 8.6 Cancellation and variation of contracts 24 8.7 Procurement 24 9. Unauthorised, irregular, fruitless and wasteful expenditure 25 ... to Parliament and the provincial legislatures, but only to the extent as indicated in Chapter 15 (paragraphs 15.7 and 15.8 ...

Tags:

  Division, Provincial

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Other abuse

Transcription of Treasury Regulations for departments, [and] constitutional ...

1 Government Gazette No 22141 dated 9 March 2001 Published in terms of section 78 of the Public Finance Management Act (Act 1 of 1999) Interested persons may submit comments in writing before 26 March 2000 to the Director-General: National Treasury , c/o Mr Jayce Nair at (e-mail) or fax (012) 315 5165 or (address) Private Bag X115, Pretoria, 0001. Telephone Mr Nair (012) 315 5482. ---------------------------------------- ---------------------------------------- --------------------------------- Treasury Regulations for departments, [and] constitutional institutions, public entities, Parliament and provincial legislatures Issued in terms of the Public Finance Management Act, 1999 National Treasury Republic of South Africa [May 2000]March 2001 Contents PART 1: Definitions, application and date of commencement 1 1.

2 General definitions, application and date of commencement 3 General definitions 3 Application 3 Date of commencement 4 PART 2: Management arrangements 5 2. Corporate management 7 Chief financial officer 7 3. Internal control 8 Audit committees 8 Internal controls and internal audit 9 4. Financial misconduct 10 Investigation of alleged financial misconduct 10 Criminal proceedings 10 Reporting 10 PART 3: Planning and Budgeting 13 5.

3 Strategic planning 15 Date of implementation 15 Strategic plans 15 Evaluation of performance 15 6. Budgeting and related matters 16 Annual budget circular 16 Formats for Estimates of Expenditure and Departmental Revenue 16 Virement 16 Rollovers 16 Transfer of functions 17 Additional funds through an adjustments budget 17 Treasury Regulations : PFMA ii PART 4: Revenue and Expenditure Management 19 7. Revenue management 21 Application of these Treasury Regulations 21 Responsibility for revenue management 21 Services rendered by the state 21 8.

4 Expenditure management 22 Responsibility of the accounting officer 22 Approval of expenditure 22 Personnel costs 22 Transfers and grants 23 Charging of expenditure against a particular vote or main division of a vote 24 Cancellation and variation of contracts 24 Procurement 24 9. Unauthorised, irregular, fruitless and wasteful expenditure 25 General 25 PART 5: Asset and Liability Management 27 10. Asset management 29 Responsibility for asset management 29 Disposal and letting of assets 29 Assets accruing to the state by operation of any law 29 11.

5 Management of debtors 30 Application of these Treasury Regulations 30 Responsibility for the management of debtors 30 Recovery of debts by instalments 30 Writing off of debts owing to the state 30 Interest payable on debts to the state 30 12. Management of losses and claims 31 General 31 Claims against the state through acts or omissions 31 Claims by the state against other persons 32 Claims by officials against the state 32 Losses or damages through criminal acts or omissions 32 Losses and damages through vis major and other unavoidable causes 32 Recovery of losses and damages 32 13.

6 Loans, guarantees and other commitments 34 General 34 Provinces 34 Treasury Regulations : PFMA iii 14. Money and property held in trust 35 General 35 Responsibility for trust money and property 35 Trust money must be kept in a trust account 35 Investment of trust money 35 PART 6: Frameworks 37 15. Banking, cash management and investment 39 Control of the national and provincial revenue funds 39 Bank account configuration 39 Deposits into the revenue funds 39 Responsibilities of the South African Revenue Service 40 Responsibilities of departments 40 Withdrawals from and investments in revenue funds 40 Requisitioning of funds by departments 40 Surrender of voted surplus funds 40 Accounting and reporting 41 Banking and cash management 41 Private money.

7 Private bank accounts and cashing private cheques 42 Warrant vouchers, cheques and electronic payments 42 16. Public-private partnerships 43 Definitions 43 Exclusive competency of accounting officers 44 Treasury approval 44 Feasibility analysis 44 Submission to obtain Treasury approval 45 Procurement 45 Contracting public-private partnership agreements 46 Management of public private partnership agreements 46 Amendment of public private partnership agreements 46 Certain agreements not binding on the state 46 General 47 PART 7: Accounting and reporting 49 17.

8 Basic accounting records and related issues 51 Use of suspense accounts 51 Availability of financial information 51 Changes to financial systems 52 18. Monthly and annual reports 53 Cash flow 53 Monthly reports 53 Annual financial statements 54 Contents of annual reports 55 Treasury Regulations : PFMA Additional annual reporting requirements for departments controlling trading entities and public entities 55 PART 8: Miscellaneous 57 19. Trading entities 58 Definitions 58 General 58 Policy and reporting framework 58 Establishment 58 Capital requirements 58 Disposal of assets 59 Surrender of surplus funds 59 Financial reporting 59 20.

9 Commissions and Committees of Inquiry 60 Definitions 60 Remuneration of members 60 Services rendered by members during private time 60 21. Gifts, donations and sponsorships 61 Granting of gifts, donations and sponsorships by the state 61 Acceptance of gifts, donations and sponsorships to the state 61 Gifts or donations of immovable property by or to the state 61 Identity of donors and sponsors 61 22. Payments, refunds and remissions as an act of grace 63 General 63 23. Government payroll deductions 64 Definitions 64 Persal deductions 65 Granting of deduction codes 66 Contravention of Regulations and penalties 67 Transitional arrangements 67 PART 9: Public Entities 68 24.

10 General definitions 68 General definitions 68 25. Application and listing 70 Application 70 Listing 70 Treasury Regulations : PFMA v26. Responsibilities of designated accounting officer 71 Responsibility over Schedule 3A and 3C public entities 71 27. Internal control and corporate management 72 Audit committees 72 Internal controls and internal audit 73 Chief financial officers 73 28. Annual financial statements 74 Financial statements 74 29. Corporate planning and shareholder s compacts 75 Corporate plans 75 Shareholder s compact 76 Evaluation of performance 76 30.


Related search queries