SECTION |
TITLE |
|
TABLE OF CONTENTS |
| PREAMBLE |
| CHAPTER 1. INTERPRETATION AND OBJECTS |
1. | Definitions |
2. | Objects of this Act |
| CHAPTER 2. OVERSIGHT, EXECUTIVE AUTHORITY AND ADMINISTRATION OF ACT |
| PART 1. BUDGET AND OVERSIGHT COMMITTEE |
3. | The Budget and Oversight Committee |
| PART 2. EXECUTIVE AUTHORITY |
4. | Executive Authority |
| PART 3. ADMINISTRATION OF ACT |
5. | Accounting Officer |
6. | General financial management functions |
7. | Performance of Accounting Officer |
8. | Acting Accounting Officer |
9. | Delegation of powers and duties by Accounting Officer |
10. | Responsibilities of officials |
11. | Fiduciary responsibilities |
| CHAPTER 3. PLANNING AND BUDGETING |
12. | Preparation of strategic plan, annual performance plan and budget |
13. | Strategic plan |
14. | Annual performance plan |
15. | Annual Budget |
16. | Submissions of drafts of strategic plan, annual performance plan and budget |
17. | Annual appropriations and approvals |
18. | Expenditure before the legislature;s annual budget is passed |
19. | Unauthorised expenditure |
20 | Unauthorised expenditure of donor funds |
21.. | Virement between main divisions within the approved budget |
22. | Treatment of unspent funds. |
| CHAPTER 4. CASH MANAGEMENT AND INVESTMENT |
23. | Cash management and investment policy |
24. | Opening of bank accounts |
25. | Control of bank accounts |
26. | Control of bank accounts |
27. | Restrictions on borrowing, guarantees and other transactions |
28. | Requisitioning of funds by Accounting Officer |
| CHAPTER 5. FINANCIAL MANAGEMENT |
29. | Asset and liability management |
30. | Revenue management |
31. | Management of debtors |
32. | Expenditure management |
33. | Support for Members and policy papers |
34. | Transfers |
35. | Budget implementation |
36. | Executive directive with financial implications |
37. | Impending shortfall and overspending |
| CHAPTER 6. SUPPLY CHAIN MANAGEMENT |
38. | Application of this Chapter |
39. | Supply chain management policy |
40. | Implementation of supply chain management policy |
41. | Unrestricted offers |
42. | Tenders not recommended |
43. | Members of the Legislature barred from serving on tender committees |
44. | Interference |
45. | Prohibition on contracts |
| CHAPTER 7. AUDIT COMMITTEE AND INTERNAL AUDIT UNIT |
46. | Establishment of audit committee |
47. | Functions of audit committee |
48. | Allegations against Accounting Officer |
49. | Internal audit |
| CHAPTER 8. REPORTING AND AUDITING |
| PART 1. IN-YEAR REPORTING |
50. | Monthly financial statements |
51. | Quarterly performance reports |
52. | Mid0year budget and performance assessment |
53. | Submission of reports to committee |
| PART 2. ANNUAL REPORT, FINANCIAL STATEMENTS AND AUDITING |
54. | Preparation of annual reports |
55. | Preparation of financial statements |
56. | Submission of annual financial statements |
57. | Auditing of annual financial statements |
58. | Submission of annual report |
59. | Tabling and consideration of annual report |
60. | Issues raised in audit reports |
61. | Consequences of non-compliance with certain provisions |
| PART 3. GENERAL REPORTING RESPONSIBILITIES |
62. | Reporting of irregularities |
63. | Other information |
| CHAPTER 9. REGULATIONS AND INSTRUCTIONS |
64. | Regulations |
65. | Instructions |
| CHAPTER 10. FINANCIAL MISCONDUCT |
| PART 1. DISCIPLINARY PROCEEDINGS |
66. | Financial misconduct by Accounting Officer |
67. | Financial misconduct by officials |
| PART 2. CRIMINAL PROCEEDINGS |
68. | Offences |
69. | Penalties |
| CHAPTER 11. MISCELLANEOUS |
70. | Liability of functionaries exercising powers and functions in terms of this Act |
71. | Short title and commencement** |
72. | [No label or text labeled "72"]** |
Sch. 1. | SCHEDULE 1. CODES OF ETHICS FOR THE EXECUTIVE AUTHORITY [s0] |
Sch. 2. | SCHEDULE 2. MATTERS THAT MUST BE COVERED IN THE LEGISLATURE'S SUPPLY CHAIN MANAGEMENT POLICY [s0] |
Sch. 3. | SCHEDULE 3. TRANSITIONAL ARRANGEMENTS [s71] |