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CITY OF EKURHULENI METROPOLITAN MUNICIPALITY ORDINARY COUNCIL MEETING 20230330 AF MPAC (012023) (a)MUNICIPAL PUBLIC ACCOUNTS COMMITTEE: REPORT ON THE ANNUAL REPORT, INCLUSIVE OF ANNUAL FINANCIAL STATEMENTS
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1 municipal public accounts refer to the financial statements and reports that provide a comprehensive overview of a municipality's financial activities, including revenues, expenditures, and assets for a specific period.
Municipalities and local government entities are required to file 1 municipal public accounts as part of their obligation to maintain transparency and accountability in financial reporting.
To fill out 1 municipal public accounts, municipalities must gather all relevant financial data, complete required templates or forms provided by regulatory authorities, and ensure that all figures are accurately represented and supported by proper documentation.
The purpose of 1 municipal public accounts is to provide a clear and accurate picture of a municipality's financial health, ensuring accountability to the public and stakeholders while facilitating informed decision-making.
Information that must be reported includes total revenues, total expenditures, assets and liabilities, budgetary comparisons, and any other relevant financial data that reflects the municipality's fiscal activities.
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