About Finance Department
The Finance Department is regarded as the core backbone of the City which provides sustainable financial stability, control and budgeting and thus enabling the achievement of various service delivery imperatives.
It provides financial services in an accountable, effective and transparent manner, through service excellence via a cohesive and motivated team. The strategic intent is to move the organization “towards financial sustainability”.
With more than one unqualified and clean audits from the Auditor General, this City of Ekurhuleni is certainly proving that it has the necessary policies and procedures in place for sound financial management.
Divisions
Office of the GCFO
Kagiso Lerutla was appointed the City’s Group Chief Financial Officer on 30 May 2019.Kagiso Lerutla is a Chartered Accountant, who first joined the City in 2014 as Divisional Head for Governance and Compliance and then as Divisional Head of Supply Chain Management within the Finance Department. He is a skilled professional with a deep understanding of Finance, Supply Chain Management, Expenditure Management, Governance & Compliance, and Auditing in the Public Sector. Having previously worked in Management in the office of the Auditor General, he has an in-depth understanding of Local Government and has contributed immensely to the shaping of strategic direction and related budgeting in the Finance Department.
Revenue Management and Revenue Enhancement
The Revenue Division is responsible for the financial management of the City’s revenue-generating business and encompasses the billing, credit control, debt collection and revenue collection activities in respect of trading services and property rates levied in accordance with published valuation roll. This function is achieved through the implementation of appropriate policies, financial systems, tariff proclamations processes and internal controls.
Budget and Management Accounting
The Budget & Management Accounting Division is responsible for the costing, drafting and compiling of the City’s Annual Budget, Adjustment Budgets and In-year reporting in terms of the mSCOA reporting framework. The budget consists of the Operational & Capital budget, which are used for the allocation of financial resources for the rendering of municipal services while maintaining transparency throughout the process. The Budget and Management Accounting Division’s key deliverable with the budget include compliance with the latest Municipal Standard Chart of Accounts (MSCOA) and facilitate the approval of MTREF.
Reporting, Systems, Support Services and Treasury
Through the MIS, this division provides the municipality with payroll support, income/revenue support, and expenditure support.
Supply Chain Management
The Supply Chain Management (SCM) provides a SCM platform that ensures efficient and effective procurement of requisite goods and services for City.
Its key objectives are to ensure optimisation of the financial delivery value chain, through strategic planning and alignment of SCM practices and processes, ensuring delivery of and compliance with protocols and Acts through:
- Demand Management
- Acquisition Management
- Logistics Management
- Inventory Management
- Disposal Management
- Performance Management
- Contract Management Legal Compliance
The performance of the City in terms of service delivery is largely affected by the effectiveness of the Supply Chain Management (SCM) processes. The SCM Division’s key deliverables with the budget is to execute the SCM operations and improve capacity to process tenders within targeted turnaround times. This will ensure continuous improvement of the SCM processes that will benefit the City’s departments, the community, and businesses to ensure that the service delivery is not compromised.
Expenditure Management
The Expenditure Division is responsible for monitoring and controlling the use of resources, payments of goods and services consistently in line with policies and the City’s objectives. This division records expenditure accurately and allocates resources rapidly, effectively and efficiently to the departments within the City.
Support Services
The key strategic thrusts of this function are to plan, coordinate, develop and drive the overall support services strategy of the Finance Department. Supports incorporates the overall administrative financial practices by ensuring compliance with organisational policies, organisational governance, SCM policies and accounting principles.
Department Contacts
Office of the GCFO:
Revenue Management and Revenue Enhancement:
Financial Reporting and Treasury:
Supply Chain Management:
Expenditure Management:
