Prince Albert, Western Cape
Thursday°C
Budgets and related documents
Overview
This page serves as a dedicated resource for residents and other stakeholders to access a wide array of budget-related documents mandated by the Municipal Finance Management Act (MFMA). It is designed to ensure transparency, facilitate public participation in municipal financial governance, and promote an understanding of how public resources are allocated and managed.
In the menu accompanying this page, you will find:
- Budget-related Policies: This includes key financial management policies such as expenditure and revenue recognition policies, borrowing and investment policies, and any other policies directly impacting the formulation and execution of the budget. These documents lay the foundation for responsible fiscal management and ensure compliance with the MFMA.
- Council Resolution: Official resolutions passed by the municipal council regarding the budget, including the adoption of the budget and any amendments or policy changes affecting financial management. This section provides insight into the decision-making processes and formal endorsements by the municipal authority.
- Integrated Development Plan (IDP): A strategic planning document that outlines the municipality's development goals and objectives over a medium-term period. The IDP is closely linked to the budget, as it guides the allocation of resources to various development priorities and projects within the municipality.
- Service Delivery and Budget Implementation Plan (SDBIP): A detailed plan that translates the annual budget and IDP into actionable programs and projects. The SDBIP outlines performance targets, measures, and timelines for delivery, serving as a critical tool for monitoring and evaluating the municipality's service delivery performance.
- Tabled Budget Reports: The initial budget report presented to the municipal council for approval before the start of the new fiscal year. This document includes comprehensive details on projected revenue and expenditures, funding sources, and planned service delivery initiatives.
- Tariff Lists: A comprehensive list of tariffs for municipal services for the current fiscal year. This includes rates for water, electricity, refuse removal, and other municipal services, reflecting the cost-recovery principles for sustainable service delivery.