Budget & Treasury

The core functions of the Budget & Treasury Department are as follows:-

• Strategic planning and budget process guidelines.
• Budget Planning,Preparation and Implementation
• Preparation of  tariffs.
• Management of the consolidation and presentation of the budgets to council.
• Assisting in the alignment of the Integrated Development Plan (IDP)
• Budget monitoring and control.
• Preparation of  end-year comparative reports, dashboard financial indicators and financial information for the municipal manager, mayor, provincial and national treasury
• Providing strategic advice and support to departments
• Implementation of budget reforms in terms of National Treasury guidelines
• Implementation and management of tariff policies that govern tariffs and co-ordinating the determination of tariffs
• Preparation of a long-term and medium-term expenditure framework, IDP and  Long-term Development Framework
• Development and maintenance of a financial model
• Compliance with budget and financial issues in terms of the Municipal Finance Management Act

Financial statements

The department is responsible for the overall planning, direction, management and co-ordination for the preparation of Umvoti Municipalities Annual Financial Statements

Main focus areas

• Managing the consolidation and presentation of the financial statements to council.
• Co-ordinating the preparation of audit working papers
• Attending to areas of weakness as identified in the Auditor Generals Report
• Implementing Generally Accepted Municipal Accounting Practices (GAMAP)
• Improving financial management reporting
• Processing of Value Added Tax returns
• Authorising amendments to the chart of accounts