Finance

FINANCE COMMITTEE

Reports to the Full Council for ratification of proceedings and is serviced by the Treasurer.

Committee Responsibilities:

  • Preparing estimates and supplementary estimates of income and expenditure in terms of the Rural District Councils’ Act (Chapter 29:13) section 121 (3)
  • Ensuring that checks and balances system exist.
  • Adhering to financial management guidelines on internal and external audits.
  • Producing financial statements.
  • Writing off of assets, sale of assets no longer required and pay of new assets
  • Collecting revenue.

Committee Composition

Five (5) Councillors appointed by Council. The Committee Chairperson is elected by the members and has a casting vote.

Frequency of Meetings

At least once every month or whenever necessary but this should be in accordance to the Rural District Councils’ Act (Chapter 29: 13)