Ugu council hailed for another good audit opinion for 2010

2011-01-28 00:00

THE office of the auditor-general has applauded the Ugu District Municipality for consistently receiving a good audit opinion with matters of consideration for improvement.

This news was shared by senior manager of the KZN auditor-general’s office, Jabulani Nkosi, when he presented Ugu’s audit financial report to the full council meeting yesterday.

He congratulated the council and its two entities, Ugu South Coast Tourism and the Hibiscus Coast Development Agency on their qualified financial report achievement for the financial year ended June 30, 2010.

Nkosi said that the municipality needs to work hard together with its entities to achieve a clean financial report in 2014 with no further matters to improve on.

“Key areas to note are the proper financial record management and ensuring that consolidated financial reports are complete before submission for auditing,” said Nkosi.

He did point out that the municipality incurred an unauthorised expenditure to the amount of R152,493 million. This was due to the fact that the total budget for the municipality was exceeded and that an irregular expenditure to the amount of R37,888 million was incurred as proper tender processes had not been followed.

“Material losses were incurred to the amount of R33,038 million as a result of water losses; the current liabilities exceed current assets.

“The management has adopted a plan setting out clear targets to ensure that the municipality continues to operate amidst these concerns for the foreseeable future.”

The emphasis of matters, irregular expenditures, material losses and the concerns raised by the AG did not affect the good financial report of the municipality.

Nkosi stated that the AG has a constitutional mandate as the supreme audit institution of South Africa to strengthen democracy by enabling oversight, accountability and governance in the public sector by building public confidence in public institutions.

“Next year I want a clean report with no compromise on the quality,” said Nkosi.

Ugu Mayor Sithembiso Cele said that the year under review was a challenging one and that Ugu did not underperform on service delivery. He said Ugu aims to obtain a clean audit in 2014.

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