A Guide for Councillors
The Role of Councillors in Municipal Finance Management
Part 6
Performance measurement is used to identify problems within the municipality and to fi nd ways of improving service delivery. It is not just about monitoring individual employees, it is used to assess the overall cost and quality of municipal service delivery.
Financial statements Councillors use annual fi nancial statements to see how healthy the municipal fi nances are. They also use the fi nancial information together with non- fi nancial information to evaluate the service delivery over the past year.
The fi nancial year of a municipality and municipal entity is from 1 July to 30 June of the next year. The fi nancial statements should be available to councillors by the 31 August, or by the 30 September for a municipality with a municipal entity.
The fi nancial statements show if the municipality’s resources have been used appropriately.
68
Understanding the Municipal Finance Management Act
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