Changes made in mscoa Chart version 5.5 and incorporated into mscoa Chart version 6.0 :

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Audrey Rhoda Singleton
5 years ago
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1 Changes made in mscoa Chart version 5.5 incorporated into mscoa Chart version 6.0 : 1. General 1.1 The wording of some definitions changed to broaden, clarify or include specific examples to assist in understing the account description. Definitions changed are summarised below: i. Improvement/Changes made to definition for accounts within the group for Recoveries. ii. Libraries Archives iii. Museums Art Galleries iv. Markets v. Recreational Facilities 1.2 Indicator within the Principle column changed to N/a for accounts not requiring breakdown. 2. Specific Comments 2.1 Some VAT indicators added subject to review after finalising Version Sub-sub-function removed for Swimming Pools. Swimming pools included in the definitions for Recreational Facilities. 2.3 Removed the Breakdown Required indicator the posting level as per Version 5.4 take 5 change the parent account to posting level. Further breakdown is at the discretion of the municipalities as National Treasury is not interested in this level of information of a nonstardised nature. 2.4 The sub-function duplication for Police Forces, Traffic Street Parking removed. 2.5 More sub-function added for Health: Food Control Health Surveillance of Premises Surveillance Prevention of Communicable Diseases, Page 1 of 5

2 excluding Immunizations. Vector Control 2.6 Regional Indicators updated based on s FAQ DB following the request for information issued by National Treasury. In the absence of information received from a municipality the ward demarcation as per the information published on the Demarcation Board Website had been issued for setting up the regional indicators. 2.7 Added classifications within Revenue for: Operational Revenue Sales of Goods Rendering of Services 2.8 Removed detail posting levels from Equitable Share made Equitable Share the posting level. 2.9 Changes to account description to align with the classification made in the Revenue Segment for: Interest to Interest, Dividends Rent on L External Investments to Current Non-Current Outsting Debtors to Receivables Rent from Fixed to Rental of Facilities Equipment 2.10 Updated/ Changed Transfers Subsidies based on responses received following the request for information issued, comparison to the Departmental SCOA Provincial DORA (if available) Changed the classification for Borrowing (Current Noncurrent) to provide for financial institutions within which the municipality need to define posting level information Align classification structure in mscoa with the CIDMS Framework. In summary the following changes Revenue Unspent Page 2 of 5

3 were made. Level 4 Asset Group informed the classification structure applied in Project Segment for Capital. Level 5 Asset Type informed the classification structure applied in the Project Segment for Operational specifically Maintenance. Rehabilitation Refurbishment replaced with Renewal. Upgrade Additions replaced with Upgrade. Classification for Maintenance being planned unplanned replaced with: o o Preventative Maintenance Interval Based Condition Based Corrective Maintenance Planned Emergency Removed Buildings Other Structures replaced with Community Other. Removed the classification within the Capital section for Transfers. Classifications added for Coastal Infrastructure Information Communication Infrastructure. Removed the option for complying/not complying to NERSA requirements. Airports removed included in Community Changes in Terminology: Electrical Infrastructure Solid Waste Infrastructure Rail Infrastructure Water Supply Infrastructure / / / / Page 3 of 5

4 Sanitation Infrastructure 2.14 Additions to typical work streams: Added Nurseries Biodiversity Climate Control to Environmental Added Municipal Health Services to Health Welfare 2.15 Added Way Leave Refuse to Consumer Deposits Account description definition changed for Annuity Bullet Loan Financial / included to replace various other groups. Current Current/Noncurrent / 2.18 Provision Impairment Current / Noncurrent Leave Accrual changed to Leave Lfill Site changed to a posting level within Decommissioning, Restoration Similar added a Posting Level for Unspecified More accounts added at specific request to Control, Interface Clearing Accounts Accounts added to Trade Other Payables from Exchange Transactions: Goods/Invoices Received Prepaid Electricity Cash Bank Licensing Regulation Inventory Stores Fair Value Adjustment 2.21 Defined Benefits Obligations Movement analysis added Transfers Subsidies Receivables delete form part of Unspent. System requirements to deal with / Page 4 of 5

5 movement of accounts depending credit/debit balance Accounts added to Current/ Receivables: Employee Benefits Associates Joint Ventures Subsidiaries Public Organisations Operating Lease 2.24 Receivables from Non- Exchange Transactions updated with changes made to Property Rates Classification for Borrowing Cost added to Construction-work-inprogress Separate account added for Investment in Associate Definitions changed for: Agency Services Receivables Housing Inspection Fees Animal Housing Facilities Health Services Penalties Transfers Subsidies 2.28 Changes made to Transfers Subsidies as 2.29 Change made to Depreciation Amortisation following the changes made to the Classification as 2.30 Change made to Impairment Losses on Disposal of following the changes made to the Classification as Net Revenue / Gains Losses Page 5 of 5

MUNICIPAL FINANCE MANAGEMENT ACT (MFMA): PRELIMINARY MONTHLY FINANCIAL REPORT FOR THE PERIOD ENDED 31 MARCH 2018 (MONTHLY BUDGET STATEMENT)

16 APRIL 2018 THE CITY MANAGER THE EXECUTIVE MAYOR MUNICIPAL FINANCE MANAGEMENT ACT (MFMA): PRELIMINARY MONTHLY FINANCIAL REPORT FOR THE PERIOD ENDED 31 MARCH 2018 (MONTHLY BUDGET STATEMENT) 1. PURPOSE