A Guide for Councillors

The Role of Councillors in Municipal Finance Management

Part 6

A COUNCIL IS EXPECTED TO RESOLVE IT ‛ S OWN PROBLEMS, ALTHOUGH THE PROVINCE IS THERE TO SUPPORT IT.

If a municipality has a fi nancial problem or anticipates problems it must seek solutions for the problem notify the MECs for local government and fi nance in the province notify National Treasury notify SALGA. • • • •

A COUNCIL MUST URGENTLY DEVELOP ITS OWN PLAN TO RESTRUCTURE ITS FINANCES.

THE MUNICIPAL FINANCIAL RECOVERY SERVICE OF THE NATIONAL TREASURY MAY DEVELOP A RECOVERY PLAN FOR US. THE PLAN WILL HELP THE MUNICIPALITY TO PROVIDE BASIC SERVICES AND TO MEET ITS FINANCIAL COMMITMENTS.

WHAT HAPPENS IF THE MUNICIPALITY CAN ‛ T SORT OUT ITS PROBLEMS?

THE PLAN IS TO REVERSE THE CRISIS AND TO GET SUSTAINABLE FINANCIAL MANAGEMENT GOING.

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Understanding the Municipal Finance Management Act