n IMFO : Official Journal of the Institute of Municipal Finance Officers - Finance function effectiveness

Volume 6, Issue 4
  • ISSN : 1607-520X



Extracted from text ... 18 IMFO ? Winter 2006 Reasons for the present situation of the Finance Function During the 1990's the roles of Finance as scorekeeper and commentator were emphasised, with the Finance Function (or Treasury as it is commonly known in local government) playing a subordinate role in much of the local authority activity that took place. The Municipal Finance Management Act (MFMA) has created the need for the Finance Function to focus more of its attention on the wider issues relating to enterprise risk management and so a shift in focus to the role of diligent caretaker and trusted finance ..

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