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Inhere report of the MunicipalityPrepared in terms of the Local Government: Municipal Finance Management Act (56/2003): Municipal Budget and Reporting Regulations, Government Gazette 32141, 17 April
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How to fill out section 72 mid-year budget

01
Gather all relevant financial information for the current year.
02
Review the previous budget and financial reports to understand the financial status of the organization.
03
Identify any changes or updates that need to be made to the budget for the rest of the year.
04
Allocate funds to different sections or departments based on their needs and priorities.
05
Clearly document all changes and updates made to the budget in section 72.

Who needs section 72 mid-year budget?

01
Businesses or organizations that want to track and adjust their budget mid-year.
02
Financial managers or advisors looking to analyze and predict financial performance for the rest of the year.
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Stakeholders who require up-to-date financial information for decision-making.

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Section 72 mid-year budget is a financial report that provides an update on revenue and expenses during the first half of the fiscal year.
Government agencies and departments are required to file section 72 mid-year budget.
Section 72 mid-year budget should be filled out with accurate and up-to-date financial information for the first half of the fiscal year.
The purpose of section 72 mid-year budget is to assess the financial performance of the government agency or department halfway through the fiscal year.
Information such as revenue, expenses, budget variances, and any other financial data for the first half of the fiscal year must be reported on section 72 mid-year budget.
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