Munsoft Matters: Release of Budget Circular No 112

Dear Munsoft Client,
 
Kindly take note of the communication below sent by National Treasury on 07 December 2021.
Munsoft is currently in process of uploading the 6.6 mSCOA Chart on the financial management system and will soon be ready to be used for the preparation of the 2022/23 Municipal Budgets.
Please pay careful attention to the focus areas for the preparation of the 2022/23 Budgets stipulated in MFMA Budget Circular No. 112
 
“Notice is hereby given of the release of Budget Circular No 112 to provide guidance and focus areas for the preparation of the 2022/23 municipal budgets. The budget circular and attachments can be found at the following link:
 
http://mfma.treasury.gov.za/Circulars/Documents/Forms/AllItems.aspx?RootFolder=%2fCirculars%2fDocuments%2fBudget%20Circular%20No%20112&FolderCTID=0x012000E772703726E2A8479752CF24A134692B
 
The mSCOA classification framework version 6.6 that must be used for the preparation of the 2022/23 MTREF budgets and reporting has also been released and can be located at the following link:
 
http://mfma.treasury.gov.za/RegulationsandGazettes/MunicipalRegulationsOnAStandardChartOfAccountsFinal/Documents/Forms/AllItems.aspx?RootFolder=%2fRegulationsandGazettes%2fMunicipalRegulationsOnAStandardChartOfAccountsFinal%2fDocuments%2fmSCOA%20vs%206%2e6&FolderCTID=0x0120005960DD1F3397B24DB54AAC0C01712D47
 
The budget, adjustments budget and Section 71 monthly reporting Schedules that have been regulated in terms of the MBRR have also been aligned to the mSCOA chart version 6.6.  The revised MBRR Schedules for the 2022/23 MTREF and its linkages to the financial and non-financial data string are available on the link below:
 
http://mfma.treasury.gov.za/RegulationsandGazettes/Municipal%20Budget%20and%20Reporting%20Regulations/Documents/Forms/AllItems.aspx?RootFolder=%2fRegulationsandGazettes%2fMunicipal%20Budget%20and%20Reporting%20Regulations%2fDocuments%2f2022%2d23&FolderCTID=0x0120001860D4A2BD7AD042BF8427FC3BB59F67
 
Kind regards,”
 
For any queries or assistance please contact [email protected] or your respective Service Delivery Manager.
 
Kind Regards,
Munsoft

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