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LekwaTeemane Local Municipality NW396Midterm Budget and Performance Assessment Report (MFA Section 72) for the Period Ending 31 December 2023 Financial Year 2023/24Page 1 of 61TABLE OF CONTENTSPAGE

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Gather all necessary financial information and documentation

02

Review previous financial reports and budgets

03

Complete the required forms and templates as specified in the MFMA section 72d guidelines

04

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Submit the filled out MFMA section 72d mid-term report to the appropriate authorities

Who needs mfma section 72d mid-term?

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Municipalities and local governments in South Africa required to comply with the Municipal Finance Management Act (MFMA) are the ones who need to fill out MFMA section 72d mid-term reports.

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What is mfma section 72d mid-term?

Section 72d of the Municipal Finance Management Act (MFMA) refers to the mid-term budget and performance assessment conducted by municipalities to review their budgets and performance halfway through the financial year.

Who is required to file mfma section 72d mid-term?

All municipalities in South Africa are required to file the MFMA section 72d mid-term report as part of their financial management obligations.

How to fill out mfma section 72d mid-term?

Municipalities need to provide an overview of their financial performance, budget implementation progress, variances, and explanations for any deviations from the original budget in the MFMA section 72d mid-term report.

What is the purpose of mfma section 72d mid-term?

The purpose of the MFMA section 72d mid-term report is to assess the financial health and performance of municipalities halfway through the financial year to identify any issues or challenges early on and take corrective actions.

What information must be reported on mfma section 72d mid-term?

The MFMA section 72d mid-term report should include financial statements, budget versus actual expenditure analysis, performance information, explanations for any budget variances, and corrective measures taken or planned.

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