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

Chapter 10 : Municipal Entities

The accounting officer of a municipal entity must take all reasonable steps to ensure that—

(a)	all revenue received by the entity, including revenue received by any collecting agency on its behalf, is reconciled on a monthly or more regular basis; and

(b)	all accounts of the entity are reconciled each month.