SACAA Annual Report 2022_23

PART B I Performance Information

Responsible Person Status E: FIN

N/A N/A E: FIN

Corrective Action This matter was

handed

over to

Internal

Audit for

investi

gation

has been con

firmed as

irregular

expendi ture.

Reason for Variance During the third quarter

ended 31

December 2022 a

potential

irregular

expendi

ture was

recorded. The

matter was

forwarded

to Internal

audit for in

vestigation. Internal

audit com pleted their

investiga tion and

issued the

report after year end

and con

firmed the

irregular

expendi ture.

Annual Actual

A potential irregular

expenditure

was reported

during the 3rd quarter.

The matter was

forwarded

to Internal

audit for

investigation.

Internal audit completed their

investigation

and issued

the report

after year

end and

confirmed

the irregular

expenditure. ExCo

approved the report, and

progress was reported to

the Board

100% of

suppliers

were paid

within 30

days of

receiving

valid invoices by the Finance

Division.

ExCo

approved the report, and

progress was reported to

the Board.

Quarter 4 Actual

A potential irregular

expenditure

was reported during the

quarter under review. The

matter was

forwarded

to Internal

audit for

investigation.

Internal audit completed their

investigation

and issued

the report

after year

end and

confirmed

the irregular

expenditure. ExCo

approved the report, and

progress was reported to

the Board.

All payments

to suppliers

were made within 30

days of

receipt of

invoice by Finance

Division.

ExCo

approved the report, and

progress was reported to

the Board.

Quarter 4 Target Report on

the number

of irregular

expenditures incurred

for ExCo

approval

and report

progress to Board.

Pay all

suppliers

within 30

days of

receipt of a

valid invoice submitted

to Finance

for approval by ExCo

and report

progress to Board.

Quarter 3 Actual

No irregular

expenditure

was incurred during the

quarter under review. ExCo

approved the report, and

progress was reported to

the Board.

All payments

to suppliers

were made within 30

days of

receipt of

invoice by Finance

Division.

ExCo

approved the report, and

progress was reported to

the Board.

Quarter 3 Target Report on

the number

of irregular

expenditures incurred

for ExCo

approval

and report

progress to Board.

Pay all

suppliers

within 30

days of

receipt of a

valid invoice submitted

to Finance

for approval by ExCo

and report

progress to Board.

Quarter 2 Actual

No irregular

expenditure

was incurred during the

quarter under review. ExCo

approved the report, and

progress was reported to

the Board.

All suppliers

paid within 30 days

of receipt

of a valid

invoice by

the Finance Division. ExCo

approved the report, and

progress was reported to

the Board.

Quarter 2 Target Report on

the number

of irregular

expenditures incurred

for ExCo

approval

and report

progress to Board.

Pay all

suppliers

within 30

days of

receipt of a

valid invoice submitted

to Finance

for approval by ExCo

and report

progress to Board.

Quarter 1 Actual

No irregular

expenditure

was incurred during the

quarter under review. ExCo

approved the report, and

progress was reported to

the Board.

All suppliers

paid within 30 days

of receipt

of a valid

invoice by

the Finance Division. ExCo

approved the report, and

progress was reported to

the Board.

Quarter 1 Target Report on

the number

of irregular

expenditures incurred

for ExCo

approval

and report

progress to Board.

Pay all

suppliers

within 30

days of

receipt of a

valid invoice submitted

to Finance

for approval by ExCo

and report

progress to Board.

Annual Target

Maintain

zero cases

of irregular

expenditure.

Pay 100%

of suppliers within 30

days of

receiving

valid invoices by Finance Division.

No. Annual Performance Indicator 16 Number of irregular

expenditures incurred.

17 Percentage suppliers paid within 30 days

54 I Annual Report 2022/23 I Performance Information