Lesedi Local Municipatity

1 HF Verwoerd Street

Civic Centre Building, Heidelberg

PO Box 201, Heidelberg, Gauteng, 1438 Tel: +27 16 492 0043

Fax: +27 86 601 9837

3 Email: mm @lesedi.gov.za p www.lesedilm.co.za tT LESEDI

Local Municipalit panes Office of the Municipal Manager

Enquiries: Ms Gugu Mncube Reference: 5/1/1

EXTRACT OF THE ORDINARY MEETIING OF COUNCIL RESOLUTION OF THE LESEDI LOCAL MUNICIPALITY HELD ON THE 25 JUNE 2020

“Finance: MFMA Section 16(1) & (2) Final Annual Budget 2020/21

(5/1/1) (CEO) Sa eS)

LC.CM-54/06/2020 __ RESOLUTION

i That the Final Annual Budget with operational and capital revenue of R1, 015,675,612 operational expenditure of R965, 948,387 and Capital Expenditure of R79, 691,405 for the 2020/21 financial year as contained in the attached annexure be approved with the following budget related policies:

Credit Control and Debt Collection Policy “Indigent Management Policy

“Tariff Policy

Property Rates Policy

¢ Supply Chain Management Policy

Cost containment policy

Asset Management policy

Budget policy

Virement policy

Loan policy

Grants policy

Funds reserves policy

Inventory management policy

Cash Management and payment of creditors policy Supply chain management policy

Short term insurance policy

Funding and reserves policy

% Provision for doubtful debtors and debt write off policy % Investments policy

“Long term financial policy

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2. That the Democratic Alliance, and Freedom Front Plus raised objection to the budget citing the budget is unfunded.

CERTIFIED TRUE COPY OF THE MINUTES

CIPAL MANAGER DATE: 2020-07-09 Mr S’busiso Dlamini

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