The phased, virus-driven lockdown has had a knock-on effect on the availability of municipal staff, adding to delays, says the Treasury
Finance minister Tito Mboweni has granted SA’s beleaguered municipalities and local government entities an exemption from legally prescribed deadlines to submit their financials for auditing, as a result of the national state of disaster and the coronavirus lockdown.
The phased lockdown has also had a knock-on effect on the availability of municipal staff, said the Treasury. This has added to the delays in municipalities’ ability to prepare their annual financial statements and undertake procedures, including the physical verification of assets, meter-reading, revenue management, valuations and finalising supporting documentation, it said.
With many residents losing their jobs or seeing their income reduced during the lockdown, embattled local governments saw their revenues decline about 30% on average during the worst of the lockdown, according to the recent supplementary budget. His office found that the financial health of 79% of municipalities was “either concerning or requiring urgent intervention”, at the same time that there was a rise in both the levels of fruitless and wasteful, as well as unauthorised, expenditure.
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