Finance
Municipal Finance
Guiding Principles:
The Municipal Finance Management Act introduce:
- Modernised Budgets
- Financial Management
- Supply Chain Management Practices
- Outcomes (through effective Financial Management)
- Increase service delivery to communities
- Efficient, effective and economic resource utilisation
Is your municipality ready to meet the deadline of full competence by 31 December 2012?
Background to the National Treasury (NT) Minimum Competency Regulations (GG 29967)
The Municipal Finance Management Act No 56 of 2003, (MFMA) introduced modernised budget, financial management and supply chain management practices to the local sphere of government.
Roll-out of the Municipal Finance Management Programme (MFMP)
The MFMP is divided into 6 Learning Programmes which are made up of 28 SAQA-registered Unit Standards (21 of which are specifically included in the Minimum Competency regulations). These learning programmes cover key competencies within the areas of strategic and financial management and will add value to all senior and middle management in their quest for delivering high quality, effective, efficient and economical service delivery.
LP’s (Key Skill Areas)
| LP No. | Learning Programmes | SAQA Unit Standard ID’s |
| LP1 | Strategic management; budgeting implementation and performance management | 116358; 116342; 116345; 116364; 116383; 116341 |
| LP2 | Municipal accounting and risk management | 119350; 119348; 116346; 116362; 116339; 116357; 116351 |
| LP3 | Governance and legislation | 119348; 116343; 116344; 116361; 119334 |
| LP4 | Cost and capital planning | 116347; 116340; 119331; 119341 |
| LP5 | Municipal IT support and project management | 119351; 119352; 119343; 116360 |
| LP6 | Supply Chain Management and Public Private Partnerships | 116353; 119353 |
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Accreditations
In May 2010, the 1Goal: Education for All Campaign was launched as a 2010 World Cup initiative. Several organisations such as FIFA and famous personalities are part of the campaign.
The 1Goal Campaign is a coalition of 100 organisations from 100 countries established in 2009 to raise awareness about the 72 million children around the world who are said to have no access to quality basic education. The initiative aims to get all children across the world to school by 2015.
enhancing and improving professionalism and capacity of the South African public sector employees.