The executive mayor of the metro, Clr Mzwandile Masina, has welcomed the Auditor General\u2019s (AG) 2017\/2018 Financial Year Audit, which gave the metro an unqualified audit opinion.<\/p>\n
The metro\u2019s audit committee tabled the AG\u2019s Report during the first ordinary council meeting for the year, last Thursday.<\/p>
The committee reviewed and discussed the annual financial statements of the municipality and its entities.<\/p>\n
An improvement in the overall outcome of performance reporting was found.<\/p>
The metro received a clean audit on performance information and no audit findings were reported.<\/p>\n
ALSO READ:\u00a0Number of Germiston suburbs without power<\/a><\/strong><\/p>\n In addition to this the following improvements were noted:<\/p>\n \u2022 The city did not incur fruitless and wasteful, and unauthorised expenditure in the 2017 to 2018 financial year.<\/p>\n \u2022 No audit findings on the incorrect application of SCM regulation 36, all deviations approved were in line with SCM regulation 36.<\/p>\n \u2022 A decrease of R198-million (42 per cent) in irregular expenditure from R472.6-m to R274.5-m.<\/p>\n \u2022 The overall financial viability assessed as good, no long-term borrowings for financing day-to-day operations of the metro.<\/p>\n \u201cWe have continued to display our commitment to good governance and accountability following the AG\u2019s 2016\/2017 financial year audit,\u201d said Masina.<\/p>\n \u201cOur ability to decrease irregular expenditure by 42 per cent allows us to further service our impoverished communities and amplify our service delivery in line with our pro-poor government stance.<\/p>\n \u201cWe will continue to cut irregular expenditure and maintain a zero-tolerance approach to fruitless, wasteful and unauthorised expenditure.<\/p>\n \u201cGood governance allows the metro to attract much-needed investment, which will allow us to grow economic activity in the City of Ekurhuleni.\u201d<\/p>\n ALSO READ:\u00a0No Christmas cheer for workers demanding permanency<\/a><\/strong><\/p>\n The auditing committee is allegedly satisfied with the great improvement in the metro\u2019s performance and acknowledged the achievement of a clean audit opinion for the 2017\/18 financial year on the performance information.<\/p>\n Concerns over the lack of improvement in the quality of the annual financial statements submitted and poor document management processes in finance were highlighted in the report.<\/p>\n \u201cWe are committed to implementing the AG\u2019s recommendations expeditiously,\u201d said Masina.<\/p>\n \u201cWe remain committed to transparency, accountability and clean governance.<\/p>\n \u201cResidents of the metro remain at the centre of our efforts as an administration.<\/p>\n \u201cOur fiscal management must be dedicated to producing the maximum output of quality service delivery to our people.\u201d<\/p>\n <\/p>\n Have a story?<\/strong><\/p>\n Contact the newsroom by emailing: Melissa Hart (Editor)\u00a0<\/span>germistoncitynews@caxton.co.za\u00a0<\/a><\/strong>or Leigh Hodgson (News Editor)\u00a0<\/span>leighh@caxton.co.za<\/a>\u00a0<\/strong>or\u00a0Kgotsofalang Mashilo (journalist)\u00a0kgotsofalangm@caxton.co.za<\/strong><\/a><\/p>\n Remember to visit the Germiston City News on the following social media platforms:<\/p>\n Facebook<\/a><\/strong><\/p>\n Twitter<\/a><\/strong><\/p>\n Instagram<\/a><\/strong><\/p>\n YouTube\u00a0<\/a><\/strong><\/p>\n Or add the GCN on\u00a0<\/b><\/span>WhatsApp 079 406 1181<\/strong>\u00a0<\/span>or\u00a0BBM (BBM Pin: 7F102137)<\/strong>\u00a0<\/b><\/span>today, to get all the latest news.<\/p>\n Catch-up on more local news with our sister newspapers\u00a0<\/span>Bedfordview Edenvale News<\/a><\/strong>,\u00a0<\/span>Alberton Record<\/a><\/strong>\u00a0and\u00a0<\/span>Kempton Express<\/a><\/strong>.<\/p>\n