n IMFO : Official Journal of the Institute of Municipal Finance Officers - Performance measures in the valuation of financial and other results of municipalities (part one)

Volume 6, Issue 1
  • ISSN : 1607-520X



Legislation requires municipalities in South Africa to measure and report on their performance when their budgets are prepared (for the purpose of setting performance target indicators or norms) as well as during and at the end of the financial year. The purpose of the latter requirement is mainly to indicate the extent to which the targets or norms have been met and the performances attained. <br>The legislative requirements seem to require only three financial performance indicators. This may be too few, since a fairly substantial number of financial indicators can be determined, based on the financial statements. <br>This article builds on previous research regarding the evaluation (analysis and interpretation) of the financial and other results of municipalities in South Africa that was completed during the late 1980s.

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