Acts Online
GT Shield

Local Government: Municipal Demarcation Act, 1998 (Act No. 27 of 1998)

Chapter 3 : Administrative and other matters

Part 2 : Finances of Board

37. Accountability

 

 

As accounting officer of the Board, the Manager must-

(a) keep full and proper records of-
(i) all income and expenditure of the Board; and
(ii) all assets, liabilities and financial transactions of the Board;
(b) ensure that the Board's available resources are properly safeguarded and used in the most efficient and effective way;
(c) ensure that all statutory measures applicable to the Board are complied with; and
(d) prepare annual financial statements in accordance with generally accepted accounting practice within three months after the end of each financial year.