A Guide for Councillors

Part 2 Understanding the Municipal Finance Management Act

Structures for fi nancial governance

Council structures Councillors work with of fi cials through the executive mayor or committee and through the oversight committee. The following structures are put in place to manage the fi nances of the municipality: Council Oversight committee. • •

THESE ARE THE ROLES PLAYED BY ELECTED COUNCILLORS.

Council Council, which consists of elected councillors, is responsible for overseeing the

fi nancial affairs of council. Oversight committee

This committee, made up of councillors, provides oversight and supports council in fi nancial management. This function is to ensure that the executive and the administration are held accountable for performance.

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The Role of Councillors in Municipal Finance Management