South African Local Government Association
Schedule 3A public entity i. t. o. the Public Finance Management Act, 1999 and recognised i. t. o. the Organised Local Government Act, 1997
Annual Financial Statements for the year ended 31 March 2017
Notes to the Annual Financial Statements
Figures in Rand 2017 2016
32. Related parties( continued)
Related party transactions
Transfers – government grant and subsidies |
|
|
Department of Cooperative Governance and Traditional Affairs |
29 500 000 |
9 215 000 |
Only transactions with related parties not at arm’ s length or not in the ordinary course of business are disclosed.
The grant paid by the Department of Cooperative Governance and Traditional Affairs to SALGA is part of normal funding that Government grants to public entities to further state policies.
Key management information |
|
|
Class |
Description |
Number |
Non-executive board sub-committee members |
Audit and Risk Committee( 5); and |
11 |
|
Performance Management and Remuneration Committee( 6) |
|
Non-executive board members |
Accounting Authority |
28 |
Executive board member |
Chief Executive Officer |
1 |
Executive management |
Executive management team |
10 |
|
( senior management excludes the |
|
|
Chief Executive Officer) |
|
33. Key management personnel
NEC members
In terms of the notice issued in terms of the“ Remuneration of Public Office Bearers Act, 1998( Act No. 20 of 1998), SALGA is required to pay sitting allowances to councillors appointed to governance structures of organised local government. The said allowance is limited to R962 per sitting of the Provincial executive committee or NEC or any committee of organised local government, regardless of the number of meetings that are attended by such councillor on a specific day. The sitting allowance is also payable to members of SALGA deployed to formal intergovernmental relations forums.
No loans were advanced to NEC members and no remuneration or compensation was provided to close family members of NEC members. There were no transactions entered with entities that are owned by NEC members.
Executive Management Team
No loans were advanced to senior management and no remuneration or compensation was provided to close family members of senior management. There were no transactions entered with entities that are owned by senior executives of SALGA.
229 SALGA ANNUAL REPORT 2016 / 17