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Division of Revenue Act, 2013 (Act No. 2 of 2013)

Chapter 3 : Conditional Allocations to Provinces and Municipalities

Part 2 : Duties of accounting officers in respect of Schedule 4 to 7 allocations

14. Duties in respect of annual financial statements and annual reports for 2013/14

 

 

1) The 2013/14 financial statements of a national department responsible for transferring an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation-
a) indicate the total amount of that allocation transferred to a province or municipality;
b) indicate any transfer withheld or stopped in terms of section 17 or 18 in respect of each province or municipality;
c) indicate any reallocations by the National Treasury in terms of section 19;
d) certify that all transfers to a province or municipality were deposited into the primary bank account of a province or municipality; and
e) indicate the funds, if any, utilised for the administration of the allocation by the receiving officer.

 

2) The 2013/14 annual report of a national department responsible for transferring an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation  indicate-
a) the reasons for the withholding or stopping of any transfers to a province or municipality in terms of section 17 or 18;
b) to what extent provinces or municipalities were monitored for compliance with this Act;
c) to what extent the allocation achieved its objectives and outputs; and
d) any non-compliance with this Act, and the steps taken to address such non-compliance.

 

3) The 2013/14 financial statements of a provincial department responsible for receiving an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation-
a) indicate the total amount of all allocations received;
b) indicate the total amount of actual expenditure on all allocations except Schedule 4 allocations; and
c) certify that all transfers of allocations in Schedule 4, 5 and 7 to the province were deposited into the primary bank account of the province.

 

4) The 2013/14 annual report of a provincial department receiving an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation-
a) indicate to what extent the provincial department complied with this Act;
b) indicate the steps taken to address non-compliance with this Act;
c) indicate the extent to which the objectives and outputs of the allocation were achieved;
d) contain any other information that may be specified in the relevant framework for the allocation; and
e) contain such other information as the National Treasury may determine.

 

5) The 2013/14 financial statements and annual report of a municipality receiving an allocation in Schedule 4, 5 or 7 must be prepared in accordance with the Municipal Finance Management Act.

 

6) The National Treasury may determine how transferring departments and receiving municipalities report on allocations to municipalities on a quarterly basis, to facilitate the audit of allocations for the financial year.