Overview

The core function of this directorate is to ensure sound financial management.

The Finance Department manages and controls the implementation of the budget policies, systems and procedures and financial management practices. The Department also implements and maintains revenue and credit control policies and procedures to ensure sound revenue management practices and compliance. Ensure the recording, authorization and proper execution of expenditure systems, procedures and transactions. Manage supply chain management services to ensure proper systems, procedures and control for demand acquisition, logistics, assets and disposal management.

The Financial Services Directorate is responsible for all financial management and processes in the municipality and includes the following components:

• Revenue Management, Debt Collection and credit control,
• Valuation Roll
• Supply Chain Management
• Expenditure Management
• Statutory reporting
• Asset Management
• Payroll, Budget Office and Finance Data processing
• Management of the municipal investments and insurance portfolio
• Indigent Support
• Annual Financial Statements and all accounting facilities

Sound financial management practices are essential to the long-term sustainability of the Municipality. It underpins the process of democratic accountability. The key objectives of the MFMA are to modernise municipal financial management in South Africa to lay a sound financial base for the sustainable delivery of services. The management of key financial and governance areas is achieved by focussing on reducing the levels of outstanding debt owed to the Municipality, to assist with service delivery spending and maintaining a healthy cash flow and maintaining an unqualified audit for the Municipality by resolving audit findings and improving financial governance.