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This document presents a comprehensive report compiled by the Budget Manager for the Finance Committee of Ubuhlebezwe Municipality, summarizing the Section 71 reports as per the Municipal Finance Management Act (MFMA) for the period ending September 2020. It outlines the budgetary performance in terms of revenue, expenditure, and recommendations for the Finance Committee to ensure compliance with the MFMA regulations.
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The Ubuhlebezwe Municipality Finance Committee is a governing body responsible for overseeing the financial management and budgeting processes within the Ubuhlebezwe Municipality.
All financial officers and relevant municipal staff involved in budget preparation and financial reporting within the Ubuhlebezwe Municipality are required to file with the committee.
To fill out the Ubuhlebezwe Municipality Finance Committee documentation, individuals must follow specific guidelines provided by the municipality, which typically include reporting on financial activities, budget forecasts, and adherence to financial policies.
The purpose of the Ubuhlebezwe Municipality Finance Committee is to ensure transparency, accountability, and proper management of public funds, while also advising on financial strategies and expenditures.
Information that must be reported includes budget allocations, financial statements, audits, expenditure reports, and any discrepancies or concerns regarding financial management.
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