Division of Revenue Act, 2013 (Act No. 2 of 2013)Chapter 3 : Conditional Allocations to Provinces and MunicipalitiesPart 2 : Duties of accounting officers in respect of Schedule 4 to 7 allocations14. Duties in respect of annual financial statements and annual reports for 2013/14 |
| 1) | The 2013/14 financial statements of a national department responsible for transferring an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation- |
| a) | indicate the total amount of that allocation transferred to a province or municipality; |
| b) | indicate any transfer withheld or stopped in terms of section 17 or 18 in respect of each province or municipality; |
| c) | indicate any reallocations by the National Treasury in terms of section 19; |
| d) | certify that all transfers to a province or municipality were deposited into the primary bank account of a province or municipality; and |
| e) | indicate the funds, if any, utilised for the administration of the allocation by the receiving officer. |
| 2) | The 2013/14 annual report of a national department responsible for transferring an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation indicate- |
| a) | the reasons for the withholding or stopping of any transfers to a province or municipality in terms of section 17 or 18; |
| b) | to what extent provinces or municipalities were monitored for compliance with this Act; |
| c) | to what extent the allocation achieved its objectives and outputs; and |
| d) | any non-compliance with this Act, and the steps taken to address such non-compliance. |
| 3) | The 2013/14 financial statements of a provincial department responsible for receiving an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation- |
| a) | indicate the total amount of all allocations received; |
| b) | indicate the total amount of actual expenditure on all allocations except Schedule 4 allocations; and |
| c) | certify that all transfers of allocations in Schedule 4, 5 and 7 to the province were deposited into the primary bank account of the province. |
| 4) | The 2013/14 annual report of a provincial department receiving an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation- |
| a) | indicate to what extent the provincial department complied with this Act; |
| b) | indicate the steps taken to address non-compliance with this Act; |
| c) | indicate the extent to which the objectives and outputs of the allocation were achieved; |
| d) | contain any other information that may be specified in the relevant framework for the allocation; and |
| e) | contain such other information as the National Treasury may determine. |
| 5) | The 2013/14 financial statements and annual report of a municipality receiving an allocation in Schedule 4, 5 or 7 must be prepared in accordance with the Municipal Finance Management Act. |
| 6) | The National Treasury may determine how transferring departments and receiving municipalities report on allocations to municipalities on a quarterly basis, to facilitate the audit of allocations for the financial year. |