14.4 MUNICIPAL FINANCIAL VIABILITY AND MANAGEMENT RATING TARGETS WEIGHTING OF CALCULATOR OBJECTIVES KPI’s VERIFICATION WEIGHTING TIME QUALITY QUANTITY % 14.4.1 Improve on 5% 5% 31 January MFMA 100% Council resolution revenue Adopted strategy 2013 adopting the strategy collections by 80% by June 4.5% 5% 31/08/2012 MFMA 100% % increase. Debtors age analysis 14.4.5 To produce 7% 8% 31/05/2013 MFMA 100% Council resolution Adopted Budget adopting the budget. timeous budgeting and adjustments in with treasury guideline MFMA. 14.4.6 To improve 1% 1.5% Creditors’ payment within 31/07/2013 100% Creditors’ 30 days. invoice/statement. turnaround time for payment creditors. 14.4.7 To improve 7% 8% Submission of AFS by the 31/08/2013 100% Letter of confirmation 31st of August 2012. from office the auditor MFMA compliance in general. terms of management & All ledger accounts Verified reconciliation. reporting. reconciled. Timeous submissions of confirmations reports
14.4 MUNICIPAL FINANCIAL VIABILITY AND MANAGEMENT OBJECTIVES WEIGHTING RATING CALCULATOR WEIGHTING % KPI’s TARGETS OF VERIFICATION TIME QUALITY QUANTITY 14.4.1 Improve on revenue collections by 80% by June 5% 5% Adopted strategy 31 January 2013 MFMA 100% Council resolution adopting the strategy 4.5% 5% % increase. 31/08/2012 MFMA 100% Debtors age analysis 14.4.5 To produce timeous budgeting and adjustments in with treasury guideline MFMA. 7% 8% Adopted Budget 31/05/2013 MFMA 100% Council resolution adopting the budget. 14.4.6 To improve turnaround time for payment creditors. 1% 1.5% Creditors’ payment within 30 days. 31/07/2013 100% Creditors’ invoice/statement. 14.4.7 To improve MFMA compliance in terms of management & reporting. 7% 8% Submission of AFS by the 31st of August 2012. 31/08/2013 100% Letter of confirmation from office the auditor general. All ledger accounts reconciled. Verified reconciliation. Timeous submissions of reports confirmations
PERFORMANCE-CONTRACT-CFO-2013.docx