Vision and mission

Vision and mission
Vision and mission The department's vision is to create "a customer-focused city that is able to finance affordable and equitable delivery and development, and that maintains financial stability and sustainability through prudent expenditure, sound financial systems and a range of revenue and funding sources". This means that Johannesburg will be a financial sustainable city; there will be stable and increasing revenue streams; and the cost of providing services will be actively monitored. The mission is "to build effectively functioning business units and ensure effective financial management of the city". Key focus areas There are several key focus areas for the financial management and strategy of the department: Create financial balance between the municipal entities and core administration; Ensure compliance with relevant legislation, regulations and governance practices; Ensure the implementation of the Municipal Finance Management Act (MFMA); Achieve unqualified audits for itself and its entities from the auditor-general through re- establishing the financial control environment; Improve monthly financial management reporting; Create a comprehensive Generally Accepted Municipal Accounting Practice (GAMAP) compliant asset register; Address various accounting difficulties in revenue, particularly in correctly allocating billed revenues and collected cash among utilities; and Manage and fund liabilities mainly related to post-retirement employee benefits.

Vision and mission

The department's vision is to create "a customer-focused city that is able to finance affordable and equitable delivery and development, and that maintains financial stability and sustainability through prudent expenditure, sound financial systems and a range of revenue and funding sources".

This means that Johannesburg will be a financial sustainable city; there will be stable and increasing revenue streams; and the cost of providing services will be actively monitored.

The mission is "to build effectively functioning business units and ensure effective financial management of the city".

Key focus areas

There are several key focus areas for the financial management and strategy of the department:

Create financial balance between the municipal entities and core administration;

Ensure compliance with relevant legislation, regulations and governance practices;

Ensure the implementation of the Municipal Finance Management Act (MFMA);

Achieve unqualified audits for itself and its entities from the auditor-general through re- establishing the financial control environment;

Improve monthly financial management reporting;

Create a comprehensive Generally Accepted Municipal Accounting Practice (GAMAP) compliant asset register;

Address various accounting difficulties in revenue, particularly in correctly allocating billed revenues and collected cash among utilities; and

Manage and fund liabilities mainly related to post-retirement employee benefits.