Section 71 In-Year Reporting and Budget Monitoring for Municipalities
This course focuses on the monthly and quarterly in year monitoring reports that municipalities must produce under Section 71 of the MFMA. Participants learn to prepare accurate reports on revenue, expenditure and cash flow, compare performance against the budget and flag risks early. The programme helps African municipalities strengthen financial discipline and give councils timely information for corrective action.
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Explain the legal requirements for in year monitoring reporting under the MFMA.
Prepare monthly budget statements covering revenue, expenditure and cash position.
Analyse variances between actual performance and the approved budget.
Identify cash flow and revenue collection risks from monthly data.
Compile quarterly and mid year reports for council and treasury.
Recommend corrective steps based on in year financial trends.
Course outline
01In-Year Monitoring Requirements
02Monthly Budget Statements
03Revenue and Expenditure Analysis
04Cash Flow and Collection Monitoring
05Variance Analysis and Risk Flags
06Mid Year Budget and Performance Assessment
07Corrective Action Reporting
Who should attend
This course suits budget officers, accountants, finance clerks and reporting staff responsible for municipal financial reporting and budget monitoring.
Fees are per delegate. South African venues are priced in rand; other locations and online in US dollars. Fees exclude 15% VAT where applicable. Group bookings of three or more delegates from the same organisation qualify for a reduced rate; contact us for a quotation.
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