The Institute

2. The Institute • A professional body in local government finance that was established in 1929 • A company registered as a Non Profit Organisation • A constructive role player in policy formulation processes in local government finance

3. Vision • A recognized professional body for the development and promotion of municipal finance officers and local government finance and related professions • This vision has been enhanced by the adoption of other governance roles in LG – Audit & Risk Charter

4. Objective To promote the interests of Finance and related professionals in the Public Sector and to protect the interests of the public through strict enforcement of the IMFO Code of Conduct and Ethics by embracing the following objectives:

5. Objective (2) • Registering Professionals as its members • Constant renewing of members’ registrations • Accrediting programmes at higher learning institutions • Regulating activities within the local government finance profession via a Code of Conduct & a Disciplinary Procedure • Facilitating the Continuous Professional Development of members (CPD) • Making submissions pertaining to proposed legislation as and when requested

6. Membership • Who can become a member of IMFO? • "LOCAL OR RELATED AUTHORITY" MEANS ANY OR ALL OF THE FOLLOWING: • A local authority as defined in the Constitution of the Republic of South Africa; • A local authority of any independent country in Southern Africa; • Any organization, which provides regional or local services, including financial services, as approved by the Institute Council.

7. Membership • Any of the following organizations: • Provincial and National Departments dealing directly with local government finance; • Organized Local Government; • The Auditor-General; • Auditing firms dealing directly with local government finance; • Members of the SETA for Local Government, Water and Related Services; • Related Institutes; and • Tertiary Institutions

8. Junior membership • Educational Qualification: • Completed Grade 12 (NQF level 4) • In - Service of local or related authority. • It is advisable to choose Accounting as one of the subjects when you further your studies in order for you to apply for either Licentiate or Associated Membership Level.

9. Licentiate membership • Higher Education Qualification: • At least NQF level 5 Qualification in fields of Accounting, Finance or Economics and must have passed Accounting II • Work-Related Experience: • Minimum of 4 years of which at least 1 year must be at middle management level and at least 3 years at any level in a role related to the position of the official OR • 6 years at any level in a role related to the position of the official.

10. Associate membership • Higher Education Qualification: • At least NQF level 6 qualification in fields of Accounting, Finance or Economics and must have passed Accounting III OR • Certificate in Municipal Financial Management (SAQA Qualification ID No. 48965) and must have passed Accounting III • Work Related Experience: • Minimum of 5 years experience at middle Management Level

11. Associate membership • Higher Education Qualification: • At least NQF level 6 qualification in fields of Accounting, Finance or Economics and must have passed Accounting III OR • Certificate in Municipal Financial Management (SAQA Qualification ID No. 48965) and must have passed Accounting III • Work Related Experience: • Minimum of 5 years experience at middle Management Level

12. General membership • Municipal Managers • Mayors • Councillors who are Finance Portfolio Members or who have served at least 2 years as a Finance Portfolio member • Officials in a related institution involved in financial matters • Officials in the private sector involved in municipal finance

13. Membership For more information please visit the IMFO stand Seba Ngwana Membership Officer

14. Thank you