Amid the meltdown, these municipalities are getting on with it | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Overwhelmingly, municipal financing and financial reporting remain in a dire state, the Auditor-General’s newly published assessment of their 2021/22 accounts shows. | News24_Business

West Coast District Municipality, with its head office in Moorreesburg, has maintained a clean audit status for 12 years.Overwhelmingly, municipal financing and financial reporting remain in a dire state, the Auditor-General’s newly published assessment of their 2021/22 accounts shows.But the AG also highlighted progress at some struggling municipalities.

Meanwhile, the financial state of 29% of the 241 audited municipalities was so dire there is significant doubt about their ability to operate. These municipalities included City of Tshwane and Mangaung metro - which together represent 10% of the total local government budget. They are supposed to deliver services to 9% of South Africa's households.

The municipality has rigorous community participation in the drafting of its performance plans and community needs are considered. Funding is directed appropriately due to sound budgeting principles and basic service delivery targets are met. Its municipal area is characterised by proper road infrastructure, clean sidewalks and safe walkways, a clean community pool, and well-maintained water and sanitation infrastructure.

This increased attention and pressure on the municipality to improve created a sense of urgency for management to follow a more focused and diligent approach to improving financial management practices and internal controls.in the North West improved its reporting because the municipality effectively used the consultants appointed for asset management.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hammanskraal cholera deaths a 'harsh reminder' of leadership failures, says Auditor-General | BusinessThe number of South African municipalities that received clean audits decreased in 2022, as the Auditor General again said poor planning, weak financial controls and an overreliance on costly consultants were contributing to service delivery failures.
Source: News24 - 🏆 4. / 80 Read more »

Tongaat creditors approve business rescue plan for property development arm | BusinessCreditors of embattled sugar producer Tongaat Hulett on Tuesday almost unanimously voted in favour of the rescue plan for the company's property arm, which is to be wound down. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »