This department has a responsibility under the Financial Regulations of 1969, to manage the financial business of Council. The City Treasurer has to ensure that departmental sectional procedures and processes are documented and used appropriately for the proper functionality of Council. The department forms the backbone to the effective functioning of Council and its operations must therefore enhance achievement of Council’s vision and mission.
One of the major objectives of the department is to ensure the integrity, prudence and authenticity of Council’s financial systems and transactions as well as their appropriate recording to improve her liquidity levels. This is done to enhance the functionality of the organization and to facilitate the completion of a substantial number of capital projects and other services.
The department comprises of eight (8) sections as illustrated below:
- Revenue section - the main objective of this section is billing and collection of rates and user fees from the various sources of income of Council.
- Creditors section - the main objective of this section is to pay creditors on time and accurately.
- Payroll - the main objective is to pay employees and comply with all relevant statutory obligations associated with employees of Council.
- Stores - the main objective is receipt of incoming goods, inspection of all receipts, storage, identification of all materials stored, materials handling, packaging, issuing and despatch, maintenance of stock records, stores accounting, inventory control, stock-taking as well as adherence to Council’s procurement procedure.
- Information Technology (IT) - the main focus of this division is the provision of information systems which will support decision-making for purposes of the delivery of Council services.
- Cashbook - the main objective of this section is to record all cash and bank transactions systematically into Council’s main cash book. It is in this section that all records of bank deposits, bank withdrawals, receipts and payments through cheques and Electronic Funds Transfers (EFTs) are safe-guarded and maintained on a daily and monthly basis.
- RATES - Council levies property taxes on immovable property located within the Manzini urban boundary. This tax is referred to as rates.
- It is through these taxes that Council is able to carryout its financially reliant responsibilities such as maintenance of road infrastructure, street cleansing, high mast lights, refuse collection and other services required by city residents.