1. BUDGET & TREASURY (FINANCE) Acting CFO: Mr RAMATU THOMAS MAKGALE 30 MAY 2011 1

2. OVERVIEW OF BUDGET & TREASURY This department is Responsible for Financial Planning and Management, the Implementation of Municipal Finance Management Act(MFMA), Relevant Financial Reporting Guidelines & Regulations and MFMA Circulars It furthermore Executes Procurement of Goods and Services in a Transparent and Equitable Manner; Favouring the Local Economy and Redressing Historical Imbalances 2

3. OPERATING STRUCTURE The Directorate consist of the: Budget Office Expenditure Office Revenue Office Revenue Management Supply Chain Management Information; Communication and Technology Division 3

4. STRATEGIC OBJECTIVES Improve Working Environment and Staff Relationships Provide Financial Support to Council, Management and Accounting Officer Making Procurement Readily Available to Designated Businesses Increase Rand Value of Procurement Spent towards Designated Businesses Training to Comply with Legislation 4

5. VISION To Implement and Practice Sound Financial Management in a Prudent way to achieve long-term financial stability for the City of Matlosana 5

6. MISSION As an integrated support service in the business of Local Government, this Department will provide financial services in an accountable, effective and transparent manner, through service excellence and integrity in terms of the municipality’s value system. It will furthermore provide Financial Planning; Accounting; Financial Reporting; Budgeting; 6

7. MISSION Revenue and Debt Collection Management; Expenditure Management; Cash and Investment Management; Capital Projects Financing; Fixed Assets Accounting; Risk Management; Financial Information; Supply Chain Management and Support Services to other Departments. 7

8. VALUE SYSTEM Performance Excellence and Accurate Financial Information Up-to-date Information and full Disclosure Prevention and Zero Tolerance of Corruption, Fraud & other illegal exercises Ensure Effective and Efficient use of Public Funds to ensure Sustainability 8

9. VALUE SYSTEM Customers must be treated Professionally & with Courtesy Ubuntu and Batho Pele Principles be adhered to all times. Activities must meet Compliance and Governance Directives. 9

10. STRENGTHS Strong Revenue base Sound Financial Policies Sustainable Subsidy from National Government Up-to-date Reliable Financial Information Proper Financial Planning, Control and Budgeting 10

11. OPPORTUNITIES Team-based Operations Structured Career Development and Challenging Task Development Improve Payment Rate by New Initiatives Take IT System to next Step of Excellence Develop Consumer and Investor Trust in the Financial Stability of Matlosana Improve on Sound Financial Rating 11

12. THREATS Non-Payment of Services by Consumers who can afford to pay Identification of Indigent consumers 12

13. KEY ISSUES Pre-paid Management Server Purchased and Installed to Enhance Service Delivery Computer Replacement Programme Installed to Ensure an Effective Working Environment Audit Queries Managed to obtain Reasonable Explanations and to Resolve 13

14. KEY ISSUES Disclaimers Reduced to Obtain a Clean Audit Report Indigent Subsidy for Free basic service Allocations to Comply with Legislation Prompt Payment of Creditors Disaster Recovery Plan Approved & Implemented to Mitigate Risks 14

15. KEY ISSUES To ensure effective Administrative and Institutional Systems, Structures and Procedures 15