fruitless and wasteful expenditure definition

fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised;

fruitless and wasteful expenditure means expenditure which was made in vain and would have been avoided had reasonable care been taken;

fruitless and wasteful expenditure. ’ means expenditure that was made in vain and would have been avoided had reasonable care been exercised. The phrase ‘made in vain’ indicates that the municipality derived no value for money from the expenditure or the use of other resources. Fruitless and wasteful expenditure must fulfill both the conditions in the definition, namely, that it was made in vain and it would have been avoided had reasonable care been exercised.

More Definitions of fruitless and wasteful expenditure

fruitless and wasteful expenditure means expenditure that was made in vain and

fruitless and wasteful expenditure means expenditure which was made in vain and could have been avoided, had reasonable care been exercised.

fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised; "Investment" in relation to funds of the municipality, means –

fruitless and wasteful expenditure has the meaning assigned to it in the Local Government: Municipal Finance Management Act, No. 56 of 2003;

fruitless and wasteful expenditure means expenditure which was made in vain and would have been avoided had rea- sonable care been exercised.

fruitless and wasteful expenditure. ’ means fruitless and wasteful expenditure as defined in the PFMA; ‘‘head of a hospital’’ means an official in charge of a hospital for which a Board has been established; ‘‘official’’ means a person in the employ of the Department providing secretarial, administrative or financial accounting support as contemplated in section 18 of the Act or an official of the Department to whom a power or duty has been assigned in terms of the Act or these regulations;

fruitless and wasteful expenditure means expenditure that was made in vain 5