FACULTY OF COMMERCE AND ADMINISTRATION
Centre for Local Governance and Sustainable Livelihoods
Certificate in Municipal Finance Management
The objectives of this programme are to provide municipalities with financial management skills.
After successful completion of the certificate programme, candidates should be able to:
Explain the democratic context for municipal finance management.
Explain the role of Council, Executive Committee and the administrative authority in financial management.
Prepare, submit and manage operating and Capital budgets.
Manage municipal bank accounts.
Manage municipality's cash, investments and assets.
Identify sources of revenue for municipalities.
Decide on best sources of revenue for a municipality and the administration of such revenue.
Structure and design debt.
Demonstrate understanding of various types of local government debentures.
Manage the operation of consolidated loan funds.
Advise the municipality on redemption of debts.
Prepare annual reports and financial statements.
Submit financial statements to the Auditor - General for Auditing.
Institute internal control measures.
Make submissions of the annual report, the consolidated financial statements and audit report, to the National Treasury and Provincial Legislature.
The programme is highly participative involving formal presentations, syndicate discussions, the participants will present Case studies.
The training programme is presented in English.
The progress of the participants is evaluated by means of tests, examinations, group work and cases.
On successful completion of all modules, participants will receive a Municipal Finance Management Training Certificate.
Candidates must have a senior certificate or equivalent qualification as well as appropriate work experience and responsibility to qualify for admission to the programme.
The programme fees cover registration, tuition and a complete set of instructional material.
The fees, which are not refundable upon cancellation or withdrawal are payable as follows:
50% on application, 25% on commencement of the first module and 25% before the end of Module 2.
Programme Outline - HET on NQF level 5
1. Overview of Budgeting and Municipal Financial Management. (NQF level 5)
The democratic context for municipal finance management.
Overview of the Municipal Financial Management.
Role of Council, Executive Committee and administrative authority in financial management.
Preparation, submission and management of operating and capital budgets.
2. Municipal Source of Revenue. (NQF level 5)
Management of Municipal Bank accounts;
Cash, investments and Assets Management;
Sources of Revenue for municipalities;
Pricing and charging for services.
3. Debt Management and Loan Administration. (NQF level 5)
Rational borrowing policy;
How debt can be structured and designed.
Various kinds of Local government debentures.
Ways of issuing Local government stock
Consolidated loan funds and how they operate.
Various ways in which debt can be redeemed.
4. Financial Reporting and Auditing. (NQF level 5)
Preparation of annual reports and financial statements.
How to submit financial statements for auditing.
How to submit annual reports, consolidated financial statements and audit reports to the National Treasury and Provincial Legislature.
Institution of internal control measures.