BTO’s were established after the promulgation of the Municipal Finance Management Act in 2007 and must consist of;
- The Chief Financial Officer
- Officials of the Municipality allocated by the Accounting Officer to the CFO
- Any other person contracted by the municipality for the work of the office
Ubuhlebezwe Municipality established a Budget and Treasury Office and subsequently appointed a CFO as per legislation.
The department is an engine providing strategic financial leadership to Ubuhlebezwe Municipality.
The main functions of the department are:
- Revenue Management, Expenditure Management-Budget and Reporting, Supply Chain Management and Asset and Liability Management
The department’s guiding principles are
- Accountability, Transparency, Reliability, Compliance and Service Excellence.
The Department is also ardent about revenue collection and is also focused on ensuring that municipal debt is decreased to a minimal and acceptable level. This is sought to be done through addressing accounting difficulties in revenue particularly correct and accurate bills to customers.
The department also endeavours to eliminate the culture of non payment within its customers and also establish relationships with its customers thereby contributing to service delivery.
The department also ensures compliance with relevant legislation, regulations and council approved finance policies. In addition, it is of utmost importance that the department complies with all the provisions of GRAP and a full GRAP compliant asset register.
Annual Financial Statements are also prepared at the department and credible annual financial statements contribute immensely on the municipality’s credit rating.
