2013_14 IDP Review.pdf - KZN Development Planning

There has been a lack of progress around meaningful and practical Growth andDevelopment partnerships between government, business and civil society tooptimise the district economies strengths and deal with threats and weaknesses;In this regard, the financial response to the challenges facing the Umzinyathi Districtrequire that our limited resources are used strategically and that a focus be given togrowing the revenue streams available to address current and future needs. Based onthe Municipality’s strategic focus areas, the allocation of resources in the MediumTerm Expenditure Framework (MTEF) should strongly reflect a “Develop and Maintain”budget.2.2 Financial Strategy OverviewPlugging the holes by: Promoting effective expenditure to avoid recurring surpluses on operatingbudget and conditional Grants vigorously pursuing credit control policies increasing efficiencies byworking smarter, managing performance and alternative service deliverymechanismsIncreasing revenue by: Improving collections; Increasing rates base; Increasing share of intergovernmental grants to pay for unfunded/partiallyfunded mandates; Vigorously pursuing cost cutting measures; and Pursuing public private partnerships at both programme and project level.2.3 Capital and Operational Financial StrategiesThe council is engaging various financial experts to assist council raise funds forstrategic project implementation. Funds allocated for a specific purpose are to be used for that purpose only.The CFO and his office will pursue a strong campaign to all councildepartments aimed an enforcing this principle of complying with the budgetallocations; andDraft 2013/2014 IDP Review Page 283Prepared by Umzinyathi District Municipality22 March 2013