Examples of Municipal Finance Management Act in a sentence
Irregular expenditure is expenditure that is contrary to the Municipal Finance Management Act (Act No.56 of 2003), the Municipal Systems Act (Act No.32 of 2000), and the Public Office Bearers Act (Act No. 20 of 1998) or is in contravention of the economic entity’s supply chain management policy.
The annual financial statements have been prepared in accordance with the Standards of Generally Recognised Accounting Practice (GRAP), issued by the Accounting Standards Board in accordance with Section 122(3) of the Municipal Finance Management Act (Act 56 of 2003).
INTRODUCTION The (MTREF) Medium – Term Revenue and Expenditure Framework submitted to Council today is the collective effort of the Budget Committee and is in line with the requirements of the Municipal Finance Management Act, 2003 and is the financial assertion of our political mandate.
ADJUDICATION OF BIDS Bids submitted in response to this invitation will be adjudicated by PIKITUP in terms of a supply chain management policy developed in accordance with the requirements of the Municipal Finance Management Act 56 of 2003 and the PPPFA.
Investment property (continued) Reconciliation of investment property - Municipality - 2014 Opening balanceDepreciation TotalInvestment property 92 956 981 (70 833) 92 886 148 Pledged as security There was no properties pleadged as security: A register containing the information required by section 63 of the Municipal Finance Management Act is available for inspection at the registered office of the municipality.