Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)Chapter 10 : Municipal EntitiesPart 2 : Financial governance88. Mid-year budget and performance assessment |
| (1) | The accounting officer of a municipal entity must by 20 January of each year— |
| (a) | assess the performance of the entity during the first half of the financial year, taking into account— |
| (i) | the monthly statements referred to in section 87 for the first half of the financial year and the targets set in the service delivery, business plan or other agreement with the entity’s parent municipality; and |
| (ii) | the entity’s annual report for the past year, and progress on resolving problems identified in the annual report; and |
| (b) | submit a report on such assessment to— |
| (i) | the board of directors of the entity; and |
| (ii) | the parent municipality of the entity. |
| (2) | A report referred to in subsection (1) must be made public. |