MATHOKGWANE CRECHE

PHYSICAL ADDRESS ENQUIRIES PO BOX

20115 Mahlolwaneng
Village Next to Masemola
MAHLASE M.T PO BOX 516
Cafe Masemola 064 876 7297 Masemola
1060 MoIateIa0@g 1060
maiI.com
900009150
MOTTO : THUTO KE LESEDI

TITLE OF THE POLICY: FINANCES

EFFECTIVE DATE
DATE OF NEXT REVIEW
LEGISLATIVE FRAMEWORK South African Schools Act, Act 84 of 1996
Public Management Finance Act, Act 1 of 1999,
Basic Financial Manual for Schools, 2nd edition, 2006,
S.A• Schools Act no. 84 of 1996 Section 43(1) Public
Accountants and Auditors Act no. 8 of 1991

TABLE OF CONTENTS "

1. PREAMBLE
2. PURPOSE
3. INTRODUCTION
4. THE FINANCE COMMITTEE
A. The SGB is responsible for the nomination and appointment of the members of
the finance committee. The functions of the finance committee are:
B. The finance committee may comprise the following members:
C. The finance committee's mandate:
5. DUTIES OF THE FINANCIAL OFFICER
6. DUTIES OF THE FINANCIAL SECRETARY (The credit controller)
7. DUTIES OF THE DEBTORS CLERK
8. BANK ACCOUNT
9. BANK STATEMENTS
10. INVESTMENT
11. MONIES RECEIVED
12. PETTY CASH
13. CASH DEPOSITS
14. PAYMENTS
15. LICENSE FEES
16. PROCESSING AND PAYMENT OF SALARIES
17. IRP -5 CERTIFICATES
18. RAIL FREIGHT
19. SPONSORSHIPS/DONATIONS
20. PRIVATE PURCHASES, PRIVATE USE OF ASSETS AND LOANS TO STAFF
21. FUEL CLAIMS
22. EXTRAMURAL COMPENSATION
23. BUDGET PROCEDURE
24. BUDGET MANAGEMENT