Budget & Treasury Services
HOD: Wellington Mtusva
Phone: 034 331 3042
The Budget and Treasury Office (BTO) provides funding support to all departments of the Municipality. The BTO main functions are; budgeting, cash management, debt management, supply chain management, financial management, accounting, and financial reporting.
Sections and Functions
1. Expenditure Section
This section prepares budget as required by the legislation. It monitors operational activities, indicates on a monthly basis any deviations from the original budget plans to enable departments to take corrective action timeously. It also controls expenditure by highlighting exhausted budgeting items to assist management in deciding on how to deal with the underlying expenditure in question. The Budgeting Process synchronises departmental plans (as set out in the IDP) to operational activities, which are further broken down into time frames through the Service Delivery and Budget Implementation Plan.
It also ensures that funds of the Municipality are spent in terms of an approved budget and sets up controls to minimize misuse of funds through fraud and corruption and that the municipality is financially viable.
2. Revenue Section
This section deals with the inflow of income into the Municipality, be it statutory or non – statutory. It ensures correct management of cash received and that all funds received are accounted for in a correct prescribed manner; It also ensures that consumer data is accurate in order to bill correctly, thereby improving cash collections and reducing outstanding debts
3. Supply Chain Section
This section deals with the fulfilment of demands of all departments on all goods and services required to fulfil each departmental to enhance service delivery as set out in the IDP. It ensures that those products and services are made available timely.
5. Asset and Liability Section
This section produce and maintain an accurate asset register and to ensure that council’s assets and liabilities are effectively managed . At every financial year BTO department prepares Annual Financial Statements which are audited by Auditor General.