BUDGET & TREASURY OFFICE
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Budget and Treasury offices are established according to Section 80 of the Municipal Finance Management Act, it says,â Every municipality must have a budget and treasury officeâ
Components in the BTO department includes:
1.Budget and Financial Reporting
Functions of budget and financial reporting
Preparation and monitoring of the municipal budget
Preparation of Annual Financial Statements
Preparation and submission of annual, quarterly and monthly report as per the requirements of the MFMA
Assets management
Cash management
2.Payroll and expenditure
Functions of payroll and expenditure:
âĶ Payroll / Salaries Administration
âĶPayroll / Salaries Administration
Third party payments deductions & contributions,
Reimbursement of S & T
Payment of suppliers
Petty Cash management
VAT management
Maintenance of Grants register and Contract register
3.Supply Chain Management
Functions of Supply Chain Management Unit
- Develop municipal SCM policies and procedures in accordance with national and provincial guidelines and Implementation of the SCM Policy
- Procure budgeted goods and services required during the financial year
- Developed and managed contract register
- Prepare irregular, unauthorized, fruitless & wasteful register
- Prepare commitment register
- Preparation of Annual Procurement plan
4. Revenue Management
Functions of Revenue Management
- Billing of services charges
- Collection of revenue from service charges
- Debt management and Credit control
- Banking and Cash receipts management
- Investment management
- Indigent management
- Customer enquires