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Purpose

Financial Performance and Progress Report on clearing of audit queries of the Department Presented to the Portfolio Committee 08 March 2011 Presented by Cathy Motsisi Chief Financial Officer. Purpose. To present the financial performance of the department as at the 31 January 2011.

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Purpose

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Presentation Transcript

  1. Financial Performance and Progress Report on clearing of audit queries of the DepartmentPresented to the Portfolio Committee08 March 2011Presented by Cathy Motsisi Chief Financial Officer

  2. Purpose • To present the financial performance of the department as at the 31 January 2011. • To provide a progress report on the clearing of audit queries.

  3. Total Department: Financial Performance per Economic Classification

  4. Breakdown of the Expenditure Capital Budget- Infrastructure

  5. Summary of Projects per status

  6. Financial Performance per Programme –(Benchmark 83%)

  7. Expenditure Analysis- Earmarked Funds January 2011

  8. Expenditure Analysis- Earmarked Funds Cont.

  9. Devolution of Property Rates Grant

  10. Progress report on the clearing of audit queries

  11. Audit Qualification

  12. Audit Qualification – Progress report cont. • The Amnesty call is due for implementation from 1st March. Systems are currently being set up at head office and regions to ensure a seamless implementation of the initiative dubbed “Operations Buyisa”. • We are in the process of appointing service providers to assist with the comprehensive enhancement of the asset register. The bid has already been advertised. According to the project plan a service provider will be appointed by end of March. Target date for completion of the project is March 2013. The audit qualification is targeted for clearing by March 2012. • 32 Contract workers have already been appointed to assist with the vesting process. . • A technical task team including National Treasury was established in August 2010 to oversee the fast tracking of the vesting and clearing of audit queries. The main focus of the task team is to ensure uniformity and compliance across spheres of government on the immovable asset management issues. • The department has already taken a resolution to switch off PMIS on the 31st March 2011 to enable full migration to iEWorks. We are in the process of appointing an independent firm of auditors to provide assurance on the internal controls within the system.

  13. Audit Qualification

  14. Emphasis of Matter

  15. Report on other Legal and Regulatory Requirements

  16. Report on other Legal and Regulatory Requirements

  17. Compliance with Laws and Regulations

  18. Report on other Legal and Regulatory Requirements

  19. Other Reporting – Internal Controls

  20. Other Reporting – Internal Controls

  21. Other Reporting – Investigations

  22. Property Management Trading Entity

  23. Audit Qualification

  24. Audit Qualification

  25. Emphasis of Matter

  26. Compliance with laws and regulations

  27. Compliance with laws and regulations

  28. Compliance with laws and regulations

  29. I thank you

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