Not all local authorities work on a cash basis. In South African legislation (i.e., the Municipal Financial Management Act) requires local authorities to account for every cent spent and income received. The City of Cape Town recently implemented a SAP ERP solution to better manage its finances but also to ensure that there exists one back-end system to support all related e-governance projects.
Regards, Mymoena Ismail Information Technology Directorate: Smart City Programme City of Cape Town Private Bag X9181 Cape Town 8000 South Africa Tel: +27 21 4004579 Fax:+27 21 4005991 Mobile: +27 82 4957723 Email: [EMAIL PROTECTED] Web Site: www.capetown.gov.za On Mon, May 23, 2005, Peter Burgess wrote: > Following up on postings by Janice Brodman and Ed Cherlin ... the > interesting thing about a company is that the stakeholders who are > interested in its "value" look at both balance sheet and the profit or > cash flow past and future. This is very helpful in thinking about what > works and what does not. Governments (including local governments) do > their accounting on a cash basis that cannot reflect the financial > performance of the government entity in a meaningful way because > expenditures that have life beyond the current period are essentially > "off the books". It is a weak system, and I am sure has stayed in > vogue for that very reason. ..snip... ------------ This DOT-COM Discussion is funded by the dot-ORG USAID Cooperative Agreement, and hosted by GKD. http://www.dot-com-alliance.org provides more information. To post a message, send it to: <[EMAIL PROTECTED]> To subscribe or unsubscribe, send a message to: <[EMAIL PROTECTED]>. In the 1st line of the message type: subscribe gkd OR type: unsubscribe gkd For past messages, see: http://www.dot-com-alliance.org/archive.html
