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Mangaung Metro receives unqualified audit for 2015/16

───   15:49 Wed, 15 Feb 2017

Mangaung Metro receives unqualified audit for 2015/16 | News Article
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Bloemfontein - Mangaung Metro Municipality has received an unqualified audit report for the year 2015/16.

During a special council meeting held in Bloemfontein yesterday, the Auditor General revealed that the consolidated financial statements of the metro remain stagnant at financially unqualified with findings. 

The AG also indicated that there has been an increase in fruitless and wasteful expenditure. 

Mangaung Metro Major, Olly Mlamleli, says the municipality is working towards getting a clean audit.

"What is interesting, though, and makes me feel good, is the decrease in unauthorised expenditure and irregular expenditure. Therefore, it means if we can deal with this fruitless expenditure, then we’ll be near the clean audit," Mlamleli said.

According to the AG, there was a decrease in unauthorised expenditure incurred but the cumulative balance is still significant at R2,7 billion. While incurred irregular expenditure decreased the cumulative unresolved balance is still significant at R312 million.

Seithathi Semenokane/OFM News

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