Municipal Cashflow Shortage and Budgeting Problems Resolved

By: SmartMetro  10-10-2011
Keywords: Financial Consulting, Municipality Compliance, Municipality Revenue Enhancement,

The 2011 annual IMFO Conference held in Cape Town was a resounding success with the main challenge for municipalities and talking point of the conference being cash flow shortages and difficulties with accurate budgeting. It is evident that inaccurate forecasting of service income driven by the quantum of the expenditure budget alone resulted in the findings that 90 municipal budgets were insufficiently funded for 2010/11 and at the close of 2009/10 financial year, 63 municipalities reported negative cash positions. This inability to accurately forecast income not only adversely affects service delivery, but is placing increasing strain on municipalities and their relationship with Auditor General and National Treasury. The Smart Metro service assists municipalities to forecast and budget their revenue and cashflows accurately. Using the award winning Munsys platform and more than 24 years of analytical experience the Smart Metro team identify, link, map and list each erven within the municipal jurisdiction. The result is a complete and accurate billing database ensuring all income is billed at the correct rates and provides for accurate revenue budgeting and forecasting. Complete billing = increased cash flow = increased service delivery. Smart Metro proven methodology that delivers results.

Keywords: Financial Consulting, Municipality Compliance, Municipality Revenue Enhancement,

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Ducharme Consulting Launches SmartMetro Service at the Upcoming Insitute of Municipal Finance Office from SmartMetro thumbnail
09-26-2011

Ducharme Consulting Launches SmartMetro Service at the Upcoming Insitute of Municipal Finance Office

The conference and exhibition represents a valuable opportunity to network for those involved in public finance The SmartMetro service offering "Beyond Compliance to Performance" is a solution perfectly aligned with this year's IMFO Conference and Exhibition theme "Financial Sustainability Beyond Compliance".