Nursing Act, 2005 (Act No. 33 of 2005)

Chapter 1 : South African Nursing Council

24. Contents of annual budget and supporting documents

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(1)An annual budget of the Council must be a schedule in the prescribed format—
(a)setting out anticipated revenue for the budget year from each revenue source;
(b)appropriating expenditure for the budget year under the different programmes of the Council;
(c)setting out indicative revenue per revenue source and projected expenditure by programme for the two financial years following the budget year;
(d)setting out—
(i)estimated revenue and expenditure by programme for the current year; and
(ii)actual revenue and expenditure by programme for the financial year preceding the current year; and
(e)must include a statement containing any other information required, including—
(i)estimates of revenue and expenditure, differentiating between capital and current expenditure;
(ii)proposals for financing any anticipated deficit for the period to which they apply; and
(iii)an indication of intentions regarding borrowing and other forms of liability that will increase the Council debt during the ensuing year.

 

(2)The annual budget of the Council must be divided into a capital and an operating budget in accordance with international best practice and as may be prescribed.

 

(3)When an annual budget is tabled, it must be accompanied by amongst other things the following documents:
(a)draft resolutions—
(i)approving the budget of the Council;
(ii)imposing any fees as may be required for the budget year or as prescribed, and
(iii)approving any other matter that may be prescribed;
(b)measurable performance objectives for revenue from each source and for each programme in the budget, taking into account the Council’s strategic plan;
(c)a projection of cash flow for the budget year by revenue source, broken down per month;
(d)any proposed amendments to the budget-related policies of the Council;
(e)particulars of the Council’s investments;
(f)the proposed cost to the Council for the budget year of the salary, allowances and benefits of—
(i)members of the Council;
(ii)the Registrar;
(iii)the deputy Registrar, if any; and
(iv)senior managers, including the chief financial officer, and other persons appointed by the Registrar; and
(g)any other supporting documentation as may be prescribed.