Gas Regulator Levies Act, 2002
R 385
Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)Chapter 4 : Municipal Budgets24. Approval of annual budgets |
| (1) | The municipal council must at least 30 days before the start of the budget year consider approval of the annual budget. |
| (2) | An annual budget |
| (a) | must be approved before the start of the budget year; |
| (b) | is approved by the adoption by the council of a resolution referred to in section 17(3)(a)(i); and |
| (c) | must be approved together with the adoption of resolutions as may be necessary— |
| (i) | imposing any municipal tax for the budget year; |
| (ii) | setting any municipal tariffs for the budget year; |
| (iii) | approving measurable performance objectives for revenue from each source and for each vote in the budget; |
| (iv) | approving any changes to the municipality's integrated development plan; and |
| (v) | approving any changes to the municipality's budget-related policies. |
| (3) | The accounting officer of a municipality must submit the approved annual budget to the National Treasury and the relevant provincial treasury. |
