THE eThekwini Municipality has earned an unqualified audit report for the 2022/2023 financial year. According to a statement released by the municipality, this unqualified audit pertains to the City’s entities, namely uShaka Marine Theme Park and Inkosi Albert Luthuli International Convention Centre (ICC).
“Both these entities secured clean audits that just reaffirm the City’s enduring commitment to financial excellence, marking a continuation of records consistently receiving unqualified audit opinions since its inception.”
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According to the City statement, the auditor general’s office presented the opinion during the full council sitting on January 31, acknowledging the credibility and reliability of the financial statements submitted by the City.
Commenting on the report, eThekwini mayor Councillor Mxolisi Kaunda said, “While recognising the report’s affirmation of the City’s excellent financial management and viability, we are committed to continuous improvement. Ongoing reviews of controls are underway, and the audit turnaround strategy is being rigorously implemented to rectify issues highlighted by the Auditor-General, including non-revenue water loss, with the goal of achieving a clean audit in the medium term.”
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According to the audit report, the City recorded an overall rate of 77.03% of the key performance indicators for 2022/23, showing improvement from 70.73% in the previous year. While also recognising the critical role of infrastructure, especially post the floods, the City also reviewed plans, reprioritised budgets, and allocated resources to ensure adequate provision of water, sanitation and electricity services. The City says adherence to National Treasury norms and guidelines is integral in finalising the Medium-Term Revenue and Expenditure Framework, to ensure strategic alignment.
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