FINANCIAL STATEMENTS 20032004

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FINANCIAL STATEMENTS 2003/2004
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• Financial Statements of SALGA are audited in
  terms of PFMA
• SALGA obtained an unqualified audit report

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REVENUE

• SALGA received the following income
• 28 of the total income from equitable share.
• 19 the total income was derived from donor
  funded projects.
• 51 of the total income received was from
  Municipal Levies

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The chart below graphically depicts SALGAs
Key income sources for the Financial Year
2003/04.
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KEY OPERATING EXPENSES

• Salariesdue to the nature of its products and
  services SALGA is dependent on human
  intellectual capacity.
• Provincial costsIncluded in the provincial costs
  are salaries, travel costs, transfers to
  provincial offices.
• Expenditure on key Priorities (See next slide on
  key priorities)
• Other operating expensesinclude inter alia
  travelling of SALGA Councillors and staff,
  telephone, printing and stationery and
  conference expenses

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During the year a number of key priorities were
undertaken, the following is a list of some of
the key priorities that undertaken during the
year.
KEY PRIORITIES

• The establishment of CCRA
• Restructuring of the Pension Fund
• A tax consultancy service for Councillors
• The establishment of a Budget Office and
  convening Budget week meetings in all Provinces
• The employment of consultants to undertake due
  diligence audits at the Provincial Offices
• The engagement of consultants to devise a
  business plan for the Municipal Services
  Interventions Unit
• The launch of KSP, District Learning Networks and
  Peer Reviews
• The development of an Occupational Health and
  Safety Policy
• The finalisation of the Property Rates Bill and
  the Municipal Finance Management Act.

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The chart below shows a breakdown of expenses
into major categories.
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INTERNAL CONTROL

• SALGA maintains a system of internal control
  designed to provide reasonable assurance that
  transactions are properly authorised and assets
  are adequately safeguarded.
• The Office of the Auditor General reports
  findings and recommendations to management of
  SALGA.
• Corrective actions are taken to address control
  and deficiencies and improve the systems as
  identified.
• The Audit Committee provides oversight to the
  financial reporting process and Internal Controls.

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Thank You!