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MFA IMPLEMENTATION AND MONITORING LONG TERM CONTRACTS QUARTERLY RETURN Municipalities must report on all long term contracts (LTC) with a contract period exceeding 3 years and a total contract value
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Each quarter refers to a period of 3 months within a fiscal year in which financial reports must be submitted to the municipality.
All businesses, organizations, and individuals operating within the municipality are required to file financial reports for each quarter.
Financial reports for each quarter can be filled out electronically through the municipality's online portal or submitted in person at the municipal office.
The purpose of filing financial reports for each quarter is to provide transparency and accountability in the municipality's financial transactions.
Information such as income, expenses, taxes paid, and any other financial transactions must be reported on each quarter's financial report.
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