Front

What is the primary purpose of a municipality's primary bank account?

Back

To promote accountability on inter-governmental transfers and ensure all money received is deposited.

Front

Who is responsible for the administration of the municipality’s bank accounts?

Back

The municipal manager, who may delegate duties to the chief financial officer.

Front

What must be submitted to the National and Provincial Treasury regarding the primary bank account?

Back

Details including the name of the bank, account number, and account type.

Front

Who is authorized for withdrawals from the municipality’s bank accounts?

Back

Only the accounting officer or chief financial officer may withdraw money.

Front

What must be tabled in council within 30 days of the end of each quarter?

Back

A consolidated report on all withdrawals made in respect of unauthorized/irregular expenditure.

Front

What can a municipality do with surplus cash according to the prescribed investment framework?

Back

Invest surplus cash that is not immediately required to finance operations.

Front

What must financial institutions notify the Auditor General about?

Back

The account type and number, as well as the opening and closing balances of each account.

Front

What is the policy a municipality must adopt regarding the disposal of capital assets?

Back

It must be in accordance with the supply chain management policy.

Front

What are the objectives of a municipality's tariff policy?

Back

To promote community development and ensure access to basic services.

Front

What must the rates policy of a municipality ensure?

Back

Equitable treatment of all persons liable for property rates.