Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)Chapter 12 : Financial Reporting and Auditing124. Disclosures concerning councillors, directors and officials |
| (1) | The notes to the annual financial statements of a municipality must include particulars of— |
| (a) | the salaries, allowances and benefits of political office-bearers and councilors of the municipality, whether financial or in kind, including a statement by the accounting officer whether or not those salaries, allowances and benefits are within the upper limits of the framework envisaged in section 219 of the Constitution; |
| (b) | any arrears owed by individual councillors to the municipality or a municipal entity under its sole or shared control, for rates or services and which at any time during the relevant financial year were outstanding for more than 90 days, including the names of those councillors; and |
| (c) | the salaries, allowances and benefits of the municipal manager, the chief financial officer, every senior manager and such categories of other officials as may be prescribed. |
| (2) | The notes to the annual financial statements of a municipal entity must include particulars of the salaries, allowances and benefits of— |
| (a) | the members of the board of directors of the entity; and |
| (b) | the chief executive officer of the entity, every senior manager and such categories of other officials as may be prescribed. |