Introduced the mfma in the municipal budget process

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Reference no: EM133708241

Assignment:

Activity 1

1. Consider the importance of municipal budgets being informed by national and provincial sector plans.

2. Can you think of some examples where you live that demonstrate a lack of consultation between the spheres of government? (Please list them)

3. Discuss in brief the IN budget scheduled in year reports and how they contribute to the effectiveness of the budget (Use Hint: Sec 50, 53, 71, 72, 73, 74 of Municipal Finance Management Acts)

4. How is consultation contributing to the efficiency of the budget process?

5. Explain how consistent targets in the SDBIP and annual performance agreements of the municipal managers and senior managers facilitate:

Performance management and
Performance auditing

Note: Include in a discussion on how these addresses potential negative human impacts.

1. List and discuss five different improvements that were introduced by the MFMA in the municipal budget process.

2. How will you improve the budget Preparation process in your municipality by considering the following?

Schedule of key deadlines
Sector plans
Measurable performance objectives in the IDP, Budget, SDBIP,IN year reports and Annual financial Statement

Reference no: EM133708241

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