Umtshezi Municipality has recognized that to be successful, the IDP must be linked to a workable financial plan. The purpose of the five-year financial plan is to create the medium and long-term strategic financial framework for allocating resources through the municipal budgeting process and to ensure the financial viability and sustainability of the Umtshezi Municipality’s investments and operations. The table below shows the Financial Viability and Management Plan: M U N IC IP AL F IN AN C IAL VIAB ILITY AN D M AN AG EM EN T Key Quarterly Weight Annual Performance Performance Targets Baseline Target Budget PO KPI Q1 Q2 Q3 Q4 Objective Indicator To ensure SCM Policy Policy currently Reviewed Internal sound approved in use annually budget Financial Number of SCM 4 reports are Internal 4 1 1 1 1 anagement Reports required. budget Services in line submitted % Improvement Section 71 with legislation Internal on the reports needs 10% 2% 2% 3% 3% budget quality of improvement · Reporting Section 71 Reports
Umtshezi Municipality has recognized that to be successful, the IDP must be linked to a workable financial plan. The purpose of the five-year financial plan is to create the medium and long-term strategic financial framework for allocating resources through the municipal budgeting process and to ensure the financial viability and sustainability of the Umtshezi Municipality’s investments and operations. The table below shows the Financial Viability and Management Plan: M U N IC IP AL F IN AN C IAL VIAB ILITY AN D M AN AG EM EN T Performance Objective Weight Key Performance Indicator Baseline Annual Target Budget Quarterly Targets PO KPI Q1 Q2 Q3 Q4 To ensure sound Financial anagement Services in line with legislation · Reporting SCM Policy approved Policy currently in use Reviewed annually Internal budget Number of SCM Reports submitted 4 reports are required. 4 Internal budget 1 1 1 1 % Improvement on the quality of Section 71 Reports Section 71 reports needs improvement 10% Internal budget 2% 2% 3% 3%