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12 March 2019THE CITY MANAGER THE EXECUTIVE MAYORMUNICIPAL FINANCE MANAGEMENT ACT (MFA): PRELIMINARY MONTHLY FINANCIAL REPORT FOR THE PERIOD ENDED 28 FEBRUARY 2019 (MONTHLY BUDGET STATEMENT) 1.PURPOSE To
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The MFMA Quarterly Report for April, May, and June is a financial report required by the Municipal Finance Management Act (MFMA) that summarizes a municipality's financial performance and budget management for the quarter.
All municipalities and municipal entities that are subject to the Municipal Finance Management Act are required to file this report.
To fill out the report, municipalities should gather financial data for the quarter, ensure compliance with the MFMA guidelines, complete each section of the report accurately, and submit it in the specified PDF format.
The purpose of the MFMA Quarterly Report is to enhance transparency, accountability, and effective financial management by providing a comprehensive review of a municipality's financial position and expenditure during the quarter.
The report must include budget performance, revenue collected, expenditures made, comparisons with the planned budget, and any significant variances that occurred during the quarter.
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