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11 MARCH 2021THE CITY MANAGER THE EXECUTIVE MAYORMUNICIPAL FINANCE MANAGEMENT ACT (MFA): PRELIMINARY MONTHLY FINANCIAL REPORT FOR THE PERIOD ENDED 28 FEBRUARY 2021 (MONTHLY BUDGET STATEMENT)1. Purpose

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What is financial management and mfma?

Financial management refers to planning, organizing, directing, and controlling an organization's financial resources. MFMA stands for Municipal Finance Management Act, which regulates financial management in South African municipalities.

Who is required to file financial management and mfma?

All municipalities in South Africa are required to file financial management reports and comply with the MFMA.

How to fill out financial management and mfma?

Financial management reports and MFMA compliance can be filled out by designated finance personnel within the municipality following the guidelines set by the MFMA.

What is the purpose of financial management and mfma?

The purpose of financial management and the MFMA is to ensure transparency, accountability, and sound financial management practices within municipalities.

What information must be reported on financial management and mfma?

Financial statements, budgets, expenditures, revenue, and compliance with MFMA regulations must be reported on financial management reports.

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