Oudtshoorn’s former Acting Chief Financial Officer resigns
The Administrator of the Oudtshoorn Municipality, Mr. Kam Chetty, wishes to confirm that the former acting Chief Financial Officer in the municipality, Mr. Francois Human, has resigned with a three month notice period.
Oudtshoorn Council approves Adjustment Budget 2015/16
The Oudtshoorn Municipality Council passed the town’s adjustment budget for 2015/2016 at a Special Council meeting with the Administrator early this week.
The Mid-Year financial report which was also tabled before the Administrator and Council shows that the Municipality’s financial position is still very critical, particularly the cash flow. This can be attributed to the fundamentally flawed initially approved budget for the 2015/2016 financial year in respect of the principles applied in the compilation thereof which negated the strive towards financial sustainability to the extent that the municipality currently finds itself in severe financial distress.