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

Chapter 10 : Municipal Entities

Part 4 : Reports and reportable matters

102. Irregular or fruitless and wasteful expenditure

 

(1) On discovery of any irregular expenditure or any fruitless and wasteful expenditure, the board of directors of a municipal entity must promptly report, in writing, to the mayor and municipal manager of the entity‘s parent municipality and the Auditor-General
(a) particulars of the expenditure; and
(b) any steps that have been taken—
(i) to recover the expenditure; and
(ii) to prevent a recurrence of the expenditure.

 

(2) The board of directors of a municipal entity must promptly report to the South African Police Service any—
(a) irregular expenditure that may constitute a criminal offence; and
(b) other losses suffered by the municipal entity which resulted from suspected criminal conduct.

 

 


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