annual report 2010 - 2011 - Intsika Yethu Municipality

More documents

Recommendations

Info

Report of the Auditor General To the Provincial Legislature of Intsika Yethu Municipality Report on the financial statements I have audited the accompanying annual financial statements of the Intsika Yethu Municipality which comprise the statement of financial position as at 30 June 2011, statement of financial performance, statement of changes in net assets and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes, and the [directors’ / accounting officer’s / accounting authority’s] report, as set out on pages 9 to 39. Responsibility of the for the annual financial statements The accounting officer is responsible for the preparation and fair presentation of these annual financial statements in accordance with [the applicable reporting framework/basis of accounting] [and in the manner required by the [Public Finance Management Act, 1999 (Act No. 1 of 1999) (PFMA)] [Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003) (MFMA)] [Auditor-General audit circular 1 of 2005] and the [Companies Act, 1973 (Act No. 61 of 1973)] [any applicable enabling legislation]. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of annual financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Responsibility of the Auditor-General As required by [section 188 of the Constitution of the Republic of South Africa, 1996 read with section 4 of the Public Audit Act, 2004 (Act No. 25 of 2004) (PAA)] [and section XX of any applicable legislation], my responsibility is to express an opinion on these annual financial statements based on my audit. I conducted my audit in accordance with the International Standards on Auditing. Those standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the annual financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the annual financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the annual financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the annual financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the: appropriateness of accounting policies used; reasonableness of accounting estimates made by management; and overall presentation of the financial statements. Paragraph 11 et seq. of the Statement of Generally Recognised Accounting Practice, GRAP 1 Presentation of Financial Statements requires that financial reporting by entities shall provide information on whether resources were obtained and used in accordance with the legally adopted budget. As the budget reporting standard is still in the process of being developed, I have determined that my audit of any disclosures made by [name of entity] in this respect will be limited to reporting on noncompliance with this disclosure requirement. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Basis of accounting The entity’s policy is to prepare annual financial statements on [the basis of accounting determined by the National Treasury] [entity-specific basis of accounting] as set out in [accounting policy note ] [note to the financial statements]. 7
Report of the Auditor General In my opinion the annual financial statements present fairly, in all material respects, the financial position of Intsika Yethu Municipality as at 30 June 2011 and its financial performance and cash flows for the year then ended, in accordance with [the applicable reporting framework/basis of accounting] [and in the manner required by the PFMA/MFMA (if the entity falls within the scope of the PFMA/MFMA) and Companies Act, 1973 (if the entity falls within the scope of the Companies Act) or section xx of the entity’s enabling legislation (if the entity does not fall within the scope of the PFMA/MFMA)]. Without qualifying my audit opinion, I draw attention to the following matter(s): Auditor General of South Africa 8
Page 1:
INTSIKA YETHU LOCAL MUNICIPALITY |
Page 4 and 5:
FOREWORD BY THE MUNICIPAL MANAGER I
Page 6 and 7:
Lokishini - C 3 Mtwaku - B Mtwaku -
Page 8:
MEMBERS OF EXECUTIVE COMMITTEE Hon
Page 11 and 12:
4. Trends on total personnel expend
Page 14 and 15:
Chapter TWO Basic Service delivery
Page 16 and 17:
• Implementation of current legis
Page 19 and 20:
CHAPTER THREE MUNICIPAL LOCAL ECONO
Page 21 and 22:
The key issues relating to IYM spat
Page 23 and 24:
Intensify Enterprise support and bu
Page 26 and 27:
In order to come out with spatial d
Page 28 and 29:
• Strategic Development Zones •
Page 30 and 31:
However, this study has identified
Page 32 and 33:
Number Property Application Applica
Page 34 and 35: Basic service delivery area 30 June
Page 36 and 37: Reporting Level Detail Total Cost -
Page 38 and 39: ROLE PLAYERS Roles RESPONSIBILITIES
Page 40 and 41: 1.27 SPATIAL PLANNING PREPARATION A
Page 42 and 43: A vast number of cases are identifi
Page 44 and 45: Intsika Yethu Municipality STATEMEN
Page 46 and 47: Intsika Yethu Municipality STATEMEN
Page 48 and 49: Intsika Yethu Municipality SUMMARY
Page 50 and 51: Application of all of the above GRA
Page 52 and 53: 3 INTANGIBLE ASSETS 3.1 INITIAL REC
Page 54 and 55: Due to the fact that the municipali
Page 56 and 57: 5.3.1 INVESTMENTS Investments, whic
Page 58 and 59: Operating leases are those leases t
Page 60 and 61: 13.2 DEFINED CONTRIBUTION PLANS A d
Page 62 and 63: Intsika Yethu Municipality NOTES TO
Page 64 and 65: 3 TRADE RECEIVABLES FROM EXCHANGE T
Page 66 and 67: Intsika Yethu Municipality NOTES TO
Page 76 and 77: Planning by Reviewed Performed by F
Page 78 and 79: Intsika Yethu Municipality Annual F
Page 118 and 119: Development Bank of South Africa 3
Page 120 and 121: Computers - software & programming
Page 122 and 123: - - - - - - - - - - - - - - - - - -
Page 124 and 125: Intsika Yethu Municipality Appendix
Page 130 and 131: Reason for delay/withholdi ng of fu
Page 148 and 149:
NOTES
Page 151:
Intsika Yethu Municipality Privave
show all

annual report 2010 - 2011 - Intsika Yethu Municipality

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?