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Division of Revenue Act, 2014 (Act No. 10 of 2014)

Chapter 3 : Conditional Allocations to Provinces and Municipalities

Part 2 : Duties of accounting officers in respect of Schedule 4 to 7 allocations

15. Duties in respect of annual financial and annual reports for 2014/15

 

 

(1) The 2014/15 financial statements of a national department responsible for transferring an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation—
(a) indicate the total amount of that allocation transferred to a province or municipality;
(b) indicate any transfer withheld or stopped in terms of section 18 or 19 in respect of each province or municipality and the reason for the withholding or stopping;
(c) indicate any reallocations by the National Treasury in terms of section 20;
(d) certify that all transfers to a province or municipality were deposited into the primary bank account of a province or municipality; and
(e) indicate the funds, if any, utilised for the administration of the allocation by the receiving officer.

 

(2) The 2014/15 annual report of a national department responsible for transferring an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation indicate—
(a) the reasons for the withholding or stopping of all transfers to a province or municipality in terms of section 18 or 19;
(b) the extent that compliance with this Act by provinces or municipalities were monitored;
(c) the extent that the allocation achieved its objectives and outputs; and
(d) any  non-compliance  with  this Act,  and  the  steps  taken  to  address  the non-compliance.

 

(3) The 2014/15 financial statements of a provincial department responsible for receiving an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation—
(a) indicate the total amount of all allocations received;
(b) indicate the total amount of actual expenditure on each Schedule 5 or 7 allocation; and
(c) certify that all transfers of allocations in Schedules 4, 5 and 7 to the province were deposited into the primary bank account of the province.

 

(4) The 2014/15 annual report of a provincial department receiving an allocation in Schedule 4, 5 or 7 must, in addition to any requirement of any other legislation—
(a) indicate the extent that the provincial department complied with this Act;
(b) indicate the steps taken to address non-compliance with this Act;
(c) indicate the extent that the allocation achieved its objectives and outputs;
(d) contain any other information that may be specified in the framework for the allocation; and
(e) contain such other information as the National Treasury may determine.

 

(5) The 2014/15 financial statements and annual report of a municipality receiving an allocation in Schedule 4, 5 or 7 must be prepared in accordance with the Municipal Finance Management Act.

 

(6) The National Treasury may determine how transferring national officers and receiving officers report on conditional allocations to municipalities on a quarterly basis to facilitate the audit of the allocations for the 2014/15 financial year.