Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)

Chapter 10 : Municipal Entities

Part 5 : Other officials of municipal entities

105. Duties of other officials
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(1)Each official of a municipal entity exercising financial management responsibilities must take all reasonable steps within that official's area of responsibility to ensure—
(a)that the system of financial management and internal control established for the entity is carried out diligently;
(b)that the financial and other resources of the entity are utilised effectively, efficiently, economically and transparently;
(c)that any irregular expenditure, fruitless and wasteful expenditure and other losses are prevented;
(d)that all revenue due to the entity is collected;
(e)that the provisions of this Act to the extent applicable to that official, including any delegations in terms of section 106, are complied with; and
(f)that the assets and liabilities of the entity are managed effectively, and that assets are safeguarded and maintained to the extent necessary.

 

(2)An official of a municipal entity must perform the functions referred to in subsection (1) subject to the directions of the accounting officer of the entity.