Govan Mbeki Municipality is migrating to a new financial system in line with the municipal standard chart of accounts (Mscoa).
According to Bheki Kubheka, acting head of marketing and communications at Govan Mbeki Municipality, the migration is a regulated process with the objectives to improve data quality and credibility, to achieve greater level of standardisation, to develop uniform data and to standardise and align the local government accountability cycle and to improve transparency, accountability and governance through uniform recording of transactions at posting account level detail.
The municipality also wants to enable deeper data analysis and sector comparisons to improve financial performance.
The migration started on 1 July and Bheki apologised on behalf of the municipality for any technical glitches and slow processes.

 

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