section 62(1)(d) of the MFMA. Expenditure Money owed by the municipality was not 6 Creditors will be paid within CFO 15/12/2017 15/12/2017 Payments made within 17 management always paid within 30 days, as required legislative timeframes with 30 days by section 65(2)(e) of the MFMA. immediate effect Asset management An effective system of internal control 7 The following processes will Gillian 30/6/2018 11/1/2018 for assets was not in place, as required be put in place to ensure by section 63(2)(c) of the MFMA. effective control over the assets of the municipality: 1. Review of the full asset register: 18 1.1 Classification (this includes up to asset type) 1.2 Depreciation 1.3 Useful lives
section 62(1)(d) of the MFMA. 17 Expenditure management Money owed by the municipality was not always paid within 30 days, as required by section 65(2)(e) of the MFMA. 6 Creditors will be paid within legislative timeframes with immediate effect CFO 15/12/2017 15/12/2017 Payments made within 30 days 18 Asset management An effective system of internal control for assets was not in place, as required by section 63(2)(c) of the MFMA. 7 The following processes will be put in place to ensure effective control over the assets of the municipality: 1. Review of the full asset register: 1.1 Classification (this includes up to asset type) 1.2 Depreciation 1.3 Useful lives Gillian 30/6/2018 11/1/2018