Dear Munsoft Client,
Kindly take note of the letter issued by National Treasury regarding the submission of the 2020/21 Annual Financial Statements to the Auditor-General for auditing in terms of the MFMA.
The letter emphasizes that no extension will be granted of the submission due date and therefore the 2020/21 Annual Financial Statements need to be submitted in accordance with section 126 of the Municipal Finance Management Act (MFMA).
This means that the 2020/21 Annual Financial Statements and 2020/21 Consolidated Annual Financial Statements need to be prepared and submitted to the Auditor-General by 31 August 2021 and 30 September 2021 respectively.
The letter also indicates that Municipalities can refer to MFMA Circular 103 issued in May 2020 which includes measures to assist with addressing possible emerging risks due to COVID-19.
MFMA Circular 103 is attached for ease of reference.
MFMA Circular No 103 - Preventative Measures in Response to COVID 19 -27 May 2020.pdf
National Treasury Letter on Submission of the 2020_21 AFS.pdf