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Review Service Delivery and Budget Implementation Plan (SHIP) 2019/2020 1SDBIP Contents MFA EXTRACTS2DEPUTY MAYORS REPORT Reasons for revisions to the Service Delivery and Budget Implementation Plan

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What is financial management and mfma?

Financial Management refers to the process of planning, directing, monitoring, organizing, and controlling financial resources to achieve organizational goals. MFMA stands for the Municipal Finance Management Act, which is a legislation that governs financial management and accountability in municipalities in South Africa.

Who is required to file financial management and mfma?

All municipalities in South Africa are required to comply with the Municipal Finance Management Act (MFMA) and file financial management reports accordingly.

How to fill out financial management and mfma?

Financial management and MFMA reports must be filled out following the guidelines set out in the legislation and any additional instructions provided by the relevant authorities.

What is the purpose of financial management and mfma?

The purpose of financial management and the MFMA is to ensure transparency, accountability, and efficient use of public funds in municipalities.

What information must be reported on financial management and mfma?

Financial statements, budget reports, expenditure records, and any other financial information related to the municipality must be reported on financial management and MFMA.

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