fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised;
fruitless and wasteful expenditure means expenditure which was made in vain and would have been avoided had reasonable care been taken;
fruitless and wasteful expenditure. ’ means expenditure that was made in vain and would have been avoided had reasonable care been exercised. The phrase ‘made in vain’ indicates that the municipality derived no value for money from the expenditure or the use of other resources. Fruitless and wasteful expenditure must fulfill both the conditions in the definition, namely, that it was made in vain and it would have been avoided had reasonable care been exercised.
More Definitions of fruitless and wasteful expenditure
fruitless and wasteful expenditure means expenditure that was made in vain and would
fruitless and wasteful expenditure means expenditure which was made in vain and could have been avoided, had reasonable care been exercised.
fruitless and wasteful expenditure. , means 4
fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised. “Financial Misconduct” means any misappropriation, mismanagement, waste or theft of the finances of a municipality, and also includes any form of financial misconduct specifically set out in sections 171 and 172 of the Act.
fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised; "Investment" in relation to funds of the municipality, means –
fruitless and wasteful expenditure means expenditure that was made in vain
fruitless and wasteful expenditure has the meaning assigned to it in the Local Government: Municipal Finance Management Act, No. 56 of 2003;