WC048 DRIVER

Since calling expenditures unauthorised, fruitless and wasteful or irregular can involve quite a lot of debate, the numbers used are the restated audited amounts 18 months after the financial year end – part of the Medium Term Revenue and Expenditure Framework. Municipalities don’t manage to collect all of the money they earn through rates and service charges. For example, the lack of underlying documentation and the amounts in question may be so great so that it is impossible to give any opinion on all. A municipality’s cash balance refers to the money it has in the bank that it can access easily. Unqualified Opinion Emphasis of Matter Items Same as an Unqualified Opinion with no findings, but the Auditor-General wants to bring something particular to the attention of the reader. An example is awarding a contract that did not go through tender procedures. Contact Details last updated:

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Unqualified Opinion No Findings The Auditor-General can state, without reservation, that the financial statements of the municipality fairly represent the financial position of the municipality and are in line with Generally Recognised Accounting Practices GRAP. wc08

South African Municipalities > Western Cape > Eden District > KNYSNA LOCAL MUNICIPALITY (WC)

Cash Coverage July – June 1. Municipalities spend money on providing services and maintaining facilities for their residents. The higher the ratio, the better. Where money comes from. Spending of Capital Budget July – June An Outstanding Opinion Means that the Auditor General raised queries with the municipality and therefore has not submitted another opinion. Annual Financial Statements of municipalities since Capital spending includes spending on infrastructure projects like new water pipes or building a library.

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A municipality’s cash balance refers to the money it has in the bank that it can access easily. Contractor Services July – June 3.

Since calling expenditures unauthorised, fruitless and wasteful or irregular can involve quite a lot of debate, the numbers used are the restated audited amounts wd048 months after the financial year end – part of the Medium Term Revenue and Expenditure Framework.

Infrastructure must be maintained so that service delivery is not affected. The normal range of the current ratio sc048 1. An example is using municipal funds to pay for unbudgeted projects. Liquidity ratios show the ability of a municipality to pay its current liabilities monies it owes immediately such as rent and salaries as they become due, and their long-term liabilities such as loans as they become current.

Contact Details ebouw knysna. There are 5 types of audit outcomes. Learn about audit outcomes. This indicator looks at how much money was budgeted for repairs and maintenance, as a percentage of total fixed assets property, plant and equipment.

Municipalities must guard against spending too much on staff while also making sure they have the people they need to deliver services effectively. The current ratio compares the value of a municipality’s short-term assets cash, bank deposits, etc compared with its short-term liabilities creditors, loans due and so on.

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Contact Details pmyers knysna. Over and under spending reports to parliament. Months of operating expenses can be paid for with the cash available.

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Spending on Repairs and Maintenance July – June 6. Contact Details last updated: Staff salaries and wages as a percentage of operating expenditure.

An example of such expenditure would include sc048 a deposit for a venue and not using it and losing the deposit. The more a municipality is able to generate its own income, the more self-sufficient it is. Disclaimer of Opinion The Auditor-General does not have all of the underlying documentation needed to determine an opinion.

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State of Local Government Finances. Contact Details mm knysna. This should be kept to a minimum and efforts should be made to provide services in-house, where possible.

What is Money Spent On?