Page 664 - Provincial Treasury Estimates.pdf

Provincial Treasury
Transfers and Subsidies decreased from R421 thousand in 2019/20 to a revised estimate of

R378 thousand in 2022/23 due to a decrease in the number of officials exiting the department. It is
anticipated that no officials will be exiting the department, hence no further allocation over the 2023 MTEF.

8.4.1. Service Delivery Measures

Table 21: Selected service delivery measures for the programme: P4: Financial Governance

Estimated
performance Medium-term estimates
Programme performance measures 2022/23 2023/24 2024/25 2025/26

Number of Institutions that achieve unqualified audits 25 23 25 25
Number of Audited consolidated Financial Statements submitted at Legislature 1 1 1 1
% Financial Management Accountability Framework (FMAF) standards implemented 80% 75% 80% 85%
% Financial Management Capacity Study elements implemented 95% 95% 100% 100%
Level of risk maturity achieved by departments Level 3 Level 4 Level 4 Level 4
% provincial risk profile mitigation measures initiated by departments 100% 100% 100% 100%
Level of internal audit maturity achieved 3 3 3 3
Number of departments with no material review findings on FIS User Account Management 11 13 13 13

Table 21 above shows service delivery measures for Financial Governance. To improve audit outcomes
in the province, the Programme will continue to co-ordinate audit improvement strategies through the
implementation and monitoring of the Provincial Audit Intervention Plan (PAIP) and analysis of audit action

plans. Technical support on the interpretation of the accounting standards will be provided to departments
as well as to ensure that the financial statements are prepared in accordance with the accounting

framework. Support will be provided to all departments to assess financial management policies for
alignment to legislative framework. Ongoing monitoring of risk management practices in the departments
will be conducted using Financial Management Capability Maturity Model (FMCMM). Breaches of the

Accountability Model Standards and Financial Management Capacity Study (FMCS) will be escalated to
the Executive Authorities of the departments. PT will support departments to implement all provincial risk
profile mitigation measures. Provincial departments will be supported to achieve an acceptable level of

internal audit maturity. PT will also ensure that at least 13 departments will not have material audit findings
on FIS User Account Management.

8.5. Programme 5: Municipal Financial Governance

Programme Purpose: Provides support to the achievement of sound and sustainable financial
management at municipal level through the provision of technical support and capacity building in the

following areas: budgeting accounting practices, supply chain management, asset management,
governance as well as MFMA compliance. The Programme consists of three sub-programmes namely:

x Programme Support: Provides strategic leadership in implementing strategies to ensure the

programme’s contribution in realising departmental objectives;

x Municipal Budget and Institutional Governance: To monitor the implementation of the budgeting
frameworks and coordinate monitor and report on MFMA; and

x Municipal Accounting and Reporting: To monitor compliance with Financial Management and
Annual Reporting Framework, monitor the effective and efficient compliance with Financial Assets

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