Examples of MFMA in a sentence
Section 53 of the MFMA requires the Mayor of the municipality to provide general political guidance in the budget process and the setting of priorities that must guide the preparation of the budget.
The funding compliance measurement table essentially measures the degree to which the proposed budget complies with the funding requirements of the MFMA.
This following table meets the requirements of MFMA Circular 42 which deals with the funding of a municipal budget in accordance with sections 18 and 19 of the MFMA.
Reflect most recent adjusted budget.4. Additional cash-backed accumulated funds/unspent funds (MFMA section 18(1)(b) and section 28(2)(e)) identified after the Original Budget approved and after annual financial statements audited (note: only where underspending could not reasonably have been foreseen)5.
The Budget and Treasury Office has been established in accordance with the MFMA.