Local Government: Municipal Demarcation Act, 1998 (Act No. 27 of 1998)

Chapter 3 : Administrative and other matters

Purchase

As accounting officer of the Board, the Manager must-

(a)	keep full and proper records of-

(i)	all income and expenditure of the Board; and

(ii)	all assets, liabilities and financial transactions of the Board;

(b)	ensure that the Board's available resources are properly safeguarded and used in the most efficient and effective way;

(c)	ensure that all statutory measures applicable to the Board are complied with; and

(d)	prepare annual financial statements in accordance with generally accepted accounting practice within three months after the end of each financial year.