MFMA Self-Assessment (Municipal Finance)

1. Does the municipal manager, as accounting officer, understand responsibility for financial administration, including guiding the council and officials on compliance with the Act?

(MFMA s60)

2. Do you have appropriate systems for financial administration, assets, liabilities, revenue and expenditure, including internal control and risk management?

(MFMA ss 62 to 65)

3. Do you pay creditors within 30 days of receiving the invoice or statement, unless otherwise agreed?

The National Treasury checklist asks whether money owed is paid within 30 days, citing section 65(2)(e). Confirm the exact wording in the Act. (MFMA s65(2)(e))

4. Has the council delegated supply chain management powers to the municipal manager in writing, as the regulations require?

(SCM Regulation 4)

1. Do you approve an annual budget before the start of the financial year and spend only in line with it?

(MFMA Chapter 4)

2. Do you report monthly on implementation of the budget to the National Treasury and the provincial treasury?

(MFMA s71)

3. Do you complete the mid-year budget and performance assessment and consider an adjustments budget where needed?

(MFMA s72)

1. Do you submit annual financial statements to the Auditor-General within two months after the end of the financial year (31 August for a 30 June year-end)?

(MFMA s126(1)(a))

2. Do you prepare an annual report, table it in council, and make it public, with the oversight report that follows?

(MFMA ss 121, 127, 129)

3. Do you act on audit findings, with an action plan overseen by the audit committee and the municipal public accounts committee?

(MFMA, Auditor-General)

1. Do you record, investigate and report unauthorised, irregular, and fruitless and wasteful expenditure, and recover or write off the losses as the Act and circulars require?

(MFMA ss 32, 62 to 65, MFMA circulars)