http://www.journals.co.za/ej/ejour_imfo.html A Sabinet RSS feed with the latest modified articles for each journal. http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a1.pdf <UL><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 1</LI> <LI><b>Abstract:</b> In this issue we get back to basics. We have taken time to look at the contributions made by members and stakeholders and we want to say THANK YOU! </LI></UL> 2013-05-22T10:32:54Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a2.pdf <UL><LI><b>Author:</b> Muller, Louise </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 4</LI> <LI><b>Abstract:</b> The first three months of this year appear to have flown by. At national level we have had the opening of Parliament with the State of the National Address and the scene set for the new financial year by the tabling of the national government budget. The Auditor-General has released the analysis of the audit reports of the three spheres of government. At the local government level Annual Reports were tabled and assessed for oversight reports to be drafted, mid-year reviews have been submitted and adjustment budgets tabled with the necessary changes to Service Delivery and Budget Implementation Plans (SDBIP's). </LI></UL> 2013-05-22T10:32:54Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a3.pdf <UL><LI><b>Author:</b> Mnisi, Patrick Roy </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 5</LI> <LI><b>Abstract:</b> You should have already received the newsletter from the first quarter where the Institute of Municipal Finance Officers (IMFO) proudly announced that the South African Qualifications Authority (SAQA) has recognised the IMFO as a professional body. As a result, the following IMFO designations have been registered on the National Qualifications Framework. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a4.pdf <UL><LI><b>Author:</b> Van Schalkwyk, Annette </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 6-9</LI> <LI><b>Abstract:</b> The Department of Cooperative Governance and Traditional Affairs (COGTA) has set the target that all municipalities must have clean audits by 2014 (it is interpreted to mean that the 2013/2014 audits must be "clean").<br/>Does this mean that all audit opinions must be unqualified? No, it goes further than just simply being unqualified. In the private sector, an unqualified audit is the norm. However, in the public Sector a higher level of accountability is required - an unqualified audit opinion with no matters of emphasis. The goal is to achieve clean audits as we are dealing with public funds. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a5.pdf <UL><LI><b>Author:</b> Scholtz, Yolanda Lepheana, Nothemba </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 10-12</LI> <LI><b>Abstract:</b> The Municipal Finance Management Act (MFMA) (Act 56 of 2003) took effect on 1 July 2004. The Act primarily provides for the establishment of the Budget and Treasury Office (BTO) in the municipality and chapter 9 of the Act outlines the various roles and responsibilities of the City's Chief Financial officer (CFO) and the BTO Office. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a6.pdf <UL><LI><b>Author:</b> Du Plessis, Peet </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 15-16</LI> <LI><b>Abstract:</b> The Municipal Property Rates Act (MPRA), Act 6 of 2004, and chapter 10 of the Municipal Systems Act, Act 32 of 2000 (Act), provide municipalities with the authority to design a Credit Control and Debt Collection Policies (CCDCP) to cater for their needs, in order to collect all outstanding debt due.<br/>The Act further requires that the effectiveness of municipal CCDCP's should be measured and reviewed on an annual basis. This is done during the budgetary process in January to April in a financial year. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a7.pdf <UL><LI><b>Author:</b> Attwell, William </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 17-18</LI> <LI><b>Abstract:</b> Cities will need bespoke strategies if they are to reap the benefits, and meet the challenges, brought by a rapidly changing global economy. That cities and their governments are becoming important global actors in their own right, both as facilitators of economic growth and as regulators, is confirmed by research conducted by economists such as Edward Glaeser, author of Triumph of the City, and business research outfits such as the McKinsey Global Institute and the Economist Intelligence Unit. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a8.pdf <UL><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 20-21</LI> <LI><b>Abstract:</b> One of the major components of Transformation is the development of women. In the last 50 years women have become breadwinners, and at the same time they still continue with their caregiving duties at home. Dual roles have created unique issues for women within the working environment and required us, as an organisation, to take a look at skills development amongst women, their career expansion and at the same time, provide guidance for them to maintain healthy balanced home lives. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a9.pdf <UL><LI><b>Author:</b> Godschalk, Seakle </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 22-25</LI> <LI><b>Abstract:</b> One of the worst nightmares for chief financial officers (CFOs) of local or district municipalities is to receive audit qualifications. In 2010, the Auditor General of South Africa (AGSA) started to focus on the financial provision which municipalities should make for the rehabilitation and closure of landfills under their control. Many municipal financial statements were lacking in this regard which led to audit qualifications being issued to such municipalities. This woke up many municipalities to the reality that they should consider the long term prospects of their landfills and the financial implications thereof. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a10.pdf <UL><LI><b>Author:</b> Nortje, J.P. </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 26-27</LI> <LI><b>Abstract:</b> The TAA came into effect 1 October 2012 and is applicable to all Tax payers including municipalities registered for VAT. The essence of the Act is to enable SARS to collect revenue more efficiently, lowering cost of tax administration, simplification of provisions, and enhancements clarifying the law. The intended impact of the Act is a simplified and harmonised action between tax payers and SARS. </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a11.pdf <UL><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 28-31, 34-36</LI> <LI><b>Abstract:</b> Recognition of the Institute of Municipal Finance Officers (IMFO) As a Professional Body and Registration of its Professional Designations<br/>What does this all mean for an IMFO Member?<br/>Hour system for Continuing Professional Development<br/>84th IMFO Annual Conference, 30 September - 2 October 2013, Durban ICC<br/>Women in Local Government Seminar<br/>PWC in partnership with IMFO<br/>Public Sector Accounting GRAP </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a12.pdf <UL><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 37</LI> <LI><b>Abstract:</b> Property rates row debated in Constitutional Court<br/>Nala official gets 15 years for fraud </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a13.pdf <UL><LI><b>Author:</b> Channing, Janet </LI><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 38</LI> <LI><b>Abstract:</b> Municipalities have a responsibility to deliver accurate market values within their valuation rolls but there's a growing tendency to undervalue properties, sometimes by as much as 70 percent. Why does this happen and what can be done to remedy this? </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a14.pdf <UL><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 41-43</LI> <LI><b>Abstract:</b> New IMFO Members - Welcome!!! </LI></UL> 2013-05-22T10:32:55Z http://reference.sabinet.co.za/webx/access/electronic_journals/imfo/imfo_v13_n3_a15.pdf <UL><LI><b>Vol 13 Issue 3</b></LI> <LI><b>Publication:</b> 2013</LI> <LI><b>Page:</b> 45-47</LI> <LI><b>Abstract:</b> MFMA reporting requirements (process and responsibilities) </LI></UL> 2013-05-22T10:32:55Z