Nkomazi Local Municipality 20 - Co-operative Governance and ...

ii. Risk management;iii. Accounting policies;iv. The adequacy, reliability and accuracy of financial reporting and information;v. Performance management;vi. Effective governance;vii. Compliance with this act, the annual division of revenue act and anyviii. Other applicable legislation;ix. Performance evaluation; andx. Any other issues referred to it by the municipality or municipal entity;b) review the annual financial statements to provide the council of the municipality with an authoritative and credible view of thefinancial position of the municipality, its efficiency and effectiveness and its overall level of compliance with this Act, the annualDivision of Revenue Act and any other applicable legislation;c) respond to the council on any issues raised by the Auditor-General in the audit report;d) carry out such investigations into the financial affairs of the municipality, ande) Perform such other functions as may be prescribed.In performing its functions, an audit committee—a) has access to the financial records and other relevant information of the municipality or municipal entity; andb) must liaise with—i. the internal audit unit of the municipality; andii. the person designated by the Auditor-General to audit the financial statements of the municipality11.1.5. COMPOSITION AND MEETINGa) Nkomazi Local Municipality audit committee consists of four (4) persons with appropriate experience and all are external.b) The audit committee meets as often as is required to perform its functions, but meet at least four times a year.11.1.6. APPROVED DOCUMENTThe committee has an audit committee charter which was approved by the Executive Mayor11.2. Ward committeeA municipality must develop a culture of municipal governance that complements formal representative government with a system ofparticipatory governance, In ensuring that Democracy is entrenched to all communities in the area, critical democratic structures suchas Ward Committees have been established and are functional. Public Participation Officials have been recruited to continuouslyengage and service such structures.11.3. Supply Chain Committee [Scm]The following are the committees and their functions that exist in the Nkomazi Local Municipality: Bid Specification Committee - designs specifications and advertisements of what has to be procuredCompiles tender documents Bid Evaluation Committee - Evaluates tender documents received Bid Adjudication Committee - Recommends a deserving bidder to the accounting officerSupply Chain Management policyThe Nkomazi Local Municipality has a supply chain management policy which was approved by the Municipal council on the 05 th ofMay 2012 with council resolution number: S-GCM 5 May 2011 the said policy is then reviewd annually.NKLM Integrated Development Plan 2012_2013 70