The purpose and overall objective of the directorate is to implement sound and transparent financial management to improve efficiency and delivery. The directorate remains committed towards establishing an effective financial administration in compliance with relevant legislation.

Mission

The Finance Directorate is committed to the objective of improving the quality of the lives of local citizens of Theewaterskloof Municipality and ensures good governance by:

• Providing a support and advisory service to the Accounting Officer, Senior Managers, Council and Service Delivery Directorates on Financial matters, MFMA compliance and Financial Reforms.
• To create an enabling environment for effective, efficient and economic service delivery.
• Ensuring that the municipality maintains Financial Sustainability and Financial Health.
• Ensure good customer service.
• Ensure Financial Risk Management to safeguard council’s financial resources.
• Regular, accurate, relevant and meaningful reporting to foster accountability, transparency and improved decision-making.
• Setting and maintaining high standards in financial management and best practices.
• Improved Accounting and Financial Management Services.
• Implementation of Activity-based Costing to improve affordability and sustainability of services.

Core Functions

Finance Directorate is not a direct service delivery directorate but provides a support service and assist in creating an enabling environment for effective, efficient and economic service delivery.

Expenditure and SCM

This section is responsible for the following functions:

• Salaries: Implementation of approved payroll, payment of salaries, allowances, statutory deductions, IRP5 certificates and accounting for payroll implementation.
• Creditors: Payment within 30 days and recording of creditors’ payments and reconciliations. It is also responsible for Bank Reconciliations, Investments and Loans Management.
• Supply Chain Management: Responsible for procurement of goods and services according to Supply Chain Management Policy and Regulations including logistics, disposal and performance management. Ensure that the principles of fair, transparent, equitable, competitive and cost-effective procurement are adhered to.

Revenue Section

This section is responsible for administration of Revenue and Councils Debtors which includes, inter alia, the following core functions:

• Facilitate application and termination of municipal services
• Debtors Database Update

• Billing of Debtors on financial system
• Meter reading and processing thereof
• Rendering of monthly consumer/rates debtors accounts.
• Receipting, Banking and Reconciliation of monies collected
• Credit Control, Debt Collection and Indigent Management.
• Issuing of Clearance Certificates
• Debtors Customer Care and Query Administration

Budget Office

This section is responsible for the following functions:

• Budgeting and implementation of Budget Reforms
• In-year Reporting (Section 71 and Other Statutory Reports)
• Annual Financial Statements
• Budgetary Management and Control
• Asset Management
• Insurance Management
• Risk Management
• Costing Services
• Co-ordinate Financial Policy Formulation