Division of Revenue Act, 2016 (Act No. 3 of 2016)Chapter 3 : Conditional Allocations to Provinces and MunicipalitiesPart 2 : Duties of accounting officers in respect of Schedule 4 to 7 allocations15. Duties in respect of annual financial statements and annual reports for 2016/17 |
| (1) | The 2016/17 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 18 or 19 in respect of each province or municipality and the reason for the withholding or stopping; |
| (c) | indicate any transfer not made in accordance with the payment schedule or amended payment schedule, unless withheld or stopped in terms of section 18 or 19, and the reason for the non-compliance; |
| (d) | indicate any reallocations by the National Treasury in terms of section 20; |
| (e) | certify that all transfers to a province or municipality were deposited into the primary bank account of a province or municipality; and |
| (f) | indicate the funds, if any, utilised for the administration of the allocation by the receiving officer. |
| (2) | The 2016/17 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 all transfers to a province or municipality in terms of section 18 or 19; |
| (b) | the extent that compliance with this Act by provinces or municipalities was monitored; |
| (c) | the extent that the allocation achieved its objectives and outputs; and |
| (d) | any non-compliance with this Act, and the steps taken to address the non-compliance. |
| (3) | The 2016/17 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 each Schedule 5 or 7 allocation; and |
| (c) | certify that all transfers of allocations in Schedules 4, 5 and 7 to the province were deposited into the primary bank account of the province. |
| (4) | The 2016/17 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 the extent that the provincial department complied with this Act; |
| (b) | indicate the steps taken to address non-compliance with this Act; |
| (c) | indicate the extent that the allocation achieved its objectives and outputs; |
| (d) | contain any other information that may be specified in the framework for the allocation; and |
| (e) | contain such other information as the National Treasury may determine. |
| (5) | The 2016/17 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 officers and receiving officers must report on conditional allocations to municipalities within 30 days after the end of each quarter to facilitate the audit of the allocations for the 2016/17 financial year. |