Section 6 Creditors' analysis 20 – Section 7 Investment portfolio analysis 22 – Section 8 Allocation and grant receipts and expenditure 23 – Section 9 Expenditure on councillor allowances and employee benefits 27 – Section 10 Material variances to the SDBIP 29 – Section 11 Capital programme performance 31 – Section 12 Other supporting documentation 37 – Section 13 Municipal manager’s quality certification 38 – Glossary Adjustments budget - Prescribed in section 28 of the MFMA. The formal means by which a municipality may revise its annual budget during the year. Allocations - received from Provincial or National Government or other municipalities. Budget - The financial plan of the Municipality. Budget related policy - Policy of a municipality affecting or affected by the budget examples include tariff policy rates policy4 credit control and debt collection policy. Capital expenditure - Spending on assets such as land and buildings and machinery. Any capital expenditure must be reflected as an asset on the Municipality's balance sheet. Cash flow statement - A statement showing when actual cash will be received and spent by the Municipality. Cash payments do not always coincide with budgeted expenditure timings. For example when an invoice is received by the Municipality it is shown as expenditure in the month it is received even though it may not be paid in the same period. DORA - Division of Revenue Act. Annual legislation that shows the total allocations made by national to provincial and local government. Equitable share - A general grant paid to municipalities. It is predominantly targeted to help with free basic services. Fruitless and wasteful expenditure - Expenditure that was made in vain and would have been avoided had reasonable care been exercised.
Section 6 – Creditors' analysis 20 Section 7 – Investment portfolio analysis 22 Section 8 – Allocation and grant receipts and expenditure 23 Section 9 – Expenditure on councillor allowances and employee benefits 27 Section 10 – Material variances to the SDBIP 29 Section 11 – Capital programme performance 31 Section 12 – Other supporting documentation 37 Section 13 – Municipal manager’s quality certification 38 Glossary Adjustments budget - Prescribed in section 28 of the MFMA. The formal means by which a municipality may revise its annual budget during the year. Allocations - received from Provincial or National Government or other municipalities. Budget - The financial plan of the Municipality. Budget related policy - Policy of a municipality affecting or affected by the budget examples include tariff policy rates policy4 credit control and debt collection policy. Capital expenditure - Spending on assets such as land and buildings and machinery. Any capital expenditure must be reflected as an asset on the Municipality's balance sheet. Cash flow statement - A statement showing when actual cash will be received and spent by the Municipality. Cash payments do not always coincide with budgeted expenditure timings. For example when an invoice is received by the Municipality it is shown as expenditure in the month it is received even though it may not be paid in the same period. DORA - Division of Revenue Act. Annual legislation that shows the total allocations made by national to provincial and local government. Equitable share - A general grant paid to municipalities. It is predominantly targeted to help with free basic services. Fruitless and wasteful expenditure - Expenditure that was made in vain and would have been avoided had reasonable care been exercised.
EC136_C_Schedule_2015_M03-1.docx