2013_14 IDP Review.pdf - KZN Development Planning

Where capital projects are to be funded by donor organizations, theMunicipality must ensure that the funds have been secured prior to theirinclusion in the capital budget.2.4 Revenue Raising Strategies All Consumers must be registered and billed for services rendered; A debts collection service to be instituted to monitor the billing and payment ofservices; An adoption of credit control policy; part of the debt collection process is thelevying of interest on outstanding payments; Fast racking of formalization of towns; and Attracting investors for property development in order to enhance rates income.2.5 Asset Management StrategiesAll assets whether fixed or moveable are to be recorded in a asset registerwhich is electronically maintained;The asset register is updated when assets are acquired (purchase or transferonce a capital project has been completed) or disposed off;On an annual basis at least there must be a reconciliation between the physicalasset holding and that reflected in the asset register; andWhere capital assets are transferred from the District Municipality, budgetaryprovision for the operation and maintenance of those assets must be included;2.6 Cost Activities Strategies Development of a functional organizational structure that is staffed withappropriate personnel who contribute to the efficacy of the Municipality; and The implementation of internal controls that ensure the management of stockholding (control over shrinkage), management of cash flow to reduce usage ofoverdraft facilities with attendant penal interest rates and ensure efficientinvestment of surplus monies.2.7 Policy Development and Refinement StrategyThe council is committed in an ongoing development of policies that are compliant withthe Municipal Financial Management Act and other regulations in order to ensuresmooth functioning of council and realisation of financial viability status. The councilDraft 2013/2014 IDP Review Page 284Prepared by Umzinyathi District Municipality22 March 2013