Services

Friday offers access to a variety of specialists with diverse skills, knowledge and experience. The diversity of the skills and expertise available within and to Friday is an essential quality that distinguishes us from other service providers and enables us to provide needs-based solutions.

We are a pool of virtually unlimited knowledge - applying and conveying knowledge gained and learned to support, improve and enhance the capacity of customers. With our high level of practical experience, skills and expertise Friday allows customers to perform optimally and dedicate their attention to their core business. Municipalities in the Republic of South Africa employ more than a quarter of a million employees and raise and spend more than R2 billion annually. Efficient management of these resources is crucial. Friday supports and complements the existing capacity within municipalities and other institutions to ensure that resources are properly managed and that systems are fully integrated and optimally utilised.

Financial Management

• Developing codes of good practice for regulating the businesses of audit committees, performance audit committees, procurement/bid committees and remuneration committees
• Developing codes of good practice for financial management, including financial reporting
• Defining roles and responsibilities of, and relationships between, internal and external stakeholders in the municipal financial management process
• Developing of internal audit charters
• Developing policies regarding municipal financial management and accounting, including policies relating to credit control and debt collection, indigent support, tariffs, property rating, supply chain management, budgeting, expenditure control and budget management, investments and capitalisation of assets
• Developing financial plans and medium term budgets, linked to integrated development plans
• Setting of corporate and management level performance objectives and targets for financial management
• Developing and supporting the implementation of procedure manuals, incorporating standards of performance and control measures
• Preparing budget timetables
• Integrating municipalities’ programmes of other activities and the budget timetable
• Preparing internal budget circulars and budget instructions for distribution to departments and other organisational units
• Preparing draft sub-operating expenditure budgets, e.g. salary budgets
• Preparing draft capital budgets
• Integrating proposed capital and operating expenditure budgets
• Preparing statements regarding the impact of proposed integrated expenditure budgets on revenue and tariffs
• Collecting relevant statistical data for determining changes in tariffs
• Preparing integrated revenue and expenditure estimates
• Discussing proposed integrated budgets with managers and affecting changes where applicable
• Preparing narrative reports and graphic presentations on proposed budgets for submission to relevant portfolio committee(s) and for conducting public participation processes
• Assisting with preparing reports required in terms of legislation and good practice
• Compiling financial statements (in accordance with current or GAMAP/GRAP requirements) and full set of supporting  documents
• Updating and closing general ledgers
• Preparing trial balances
• Preparing year end bank reconciliations
• Closing of suspense accounts
• Reconciling grants received
• Addressing prior year audit queries regarding the financial statements
• Closing of sub-ledgers, including assets registers (according to GAMAP/GRAP standards), loan registers, investment registers, stores and acquisitions, leave registers, funds registers, bank reconciliations, updating and reconciliation of debtors control accounts and deposit registers
• Compiling of cash flow projections, supporting cash flow management, cash flow monitoring and reporting on cash flow
• Replying to external audit queries
• Implementing external audit recommendations and instructions

Delivering on time, every time