The City of Tshwane is pleased to announce that the annual financial statements for the 2023/24 financial year ended on 30 June 2024 were submitted to the Auditor General of South Africa.
Section 126 of the Local Government: Municipal Finance Management Act, 2003 (Act 56 of 2003) requires a municipality to prepare and submit annual financial statements within two months after the end of the financial year to the Auditor-General for auditing.
The City of Tshwane has duly complied and submitted its financial statements by 31 August 2024.
City of Tshwane MMC for Finance Jacqui Uys said the annual financial statements also served before the City’s governance structures, including the Audit and Performance Committee.
Many checks and balances were performed to ensure compliance with the standards of Generally Recognised Accounting Practice.
“We are confident that the City’s financial statements are in good order and will further improve our audit outcome,” said MMC Uys.
MMC Uys said the final audited and consolidated financial statements, along with the City’s audit report, will be made available in the next few months after the office of the Auditor General has concluded its work and the reports have been approved by Council.
This administration remains committed to the financial stability of the City and ensuring that we comply with all relevant local government financial regulations.
“I want to thank the City’s Audit and Performance Committee for ensuring that our administration is on track and submitted the annual financial statements on time.
The City of Tshwane coalition works and will continue to deliver to all communities,” she said.