Notice Board:
ELECTRICITY INTERRUPTION ON 21 OCTOBER 2018
Residents are advised of a proposed electricity shutdown on
SUNDAY, 21 OCTOBER 2018, between the hours of 08h00 and 16h00, in various areas of Nelson Mandela Bay, caused by the temporary shutdown of the College Drive Substation, to allow repairs and maintenance to be carried out on a local transformer.
Areas affected: Mill Park, St. Georges Park (only end of College Drive Road), Glendinningvale, Greenacres, Scotstown.
Streets affected: Ascot Road, Barris Walk Street, Bradshaw Street, Churchill Road, College Drive, Conyngham Road, Cape Road, Dene Road, Fairford Road, Highbeech Road, Lenox Street, McLean Road, Mill Park Road, Mortimer Road, Nightingale Street, Ramsay Lane, Salisbury Avenue, Wares Road, Way Avenue, Wembley Road, Westview Drive, Woodville Road, Young Road.
All installations must be treated as live for the duration of the outage. - Apologies are tendered for any inconvenience caused.
1. What is a Chart of Accounts?
A Chart
of Accounts (COA) is also known as a
General Ledger or a master list of
posting accounts.
2. What is mSCOA?
SCOA is an acronym for a Standard Chart of Accounts which is a National reform that has been promulgated by Gazette No. 37577
dated 22 April 2014, called the Standard Chart of Accounts for Local
Government Regulations,2014. The "m” in the acronym distinguishes between a Municipal
Standard Chart of Accounts and a Provincial/National Standard Chart of
Accounts.
3. Who is affected by mSCOA?
The Regulation on mSCOA indicates that it affects all Municipalities
and their entities.
4. What is the purpose of mSCOA?
The introduction of a Standard Chart of Accounts for Municipalities (mSCOA), will , inter alia,:
-
Aid transparency; accountability and overall
governance in the daily; monthly and yearly activities of municipalities;
-
Aid the standardization of 278 different municipal ‘charts of accounts’
(COA ) ;
-
Improve the quality of municipal information that is compromised ,i.e.it
will introduce an uniform classification
of revenue and expenditure items ;
-
Enhance monitoring and oversight by Councils, DCoG, Treasuries and legislatures;
-
Comparability
of information across Municipalities, i.e. Benchmarking, standards and measures
5. Will mSCOA affect my payment to /from the NMBM?
No, mSCOA will not affect any payment owed by you/to you.
Its aim is to standardise how all Municipalities classify their financial data,
i.e. it introduces a standardised classification of a Chart of Accounts (General
Ledger) across all Municipalities
.
6. What change(s) is expected of my company?
In order to facilitate the identification of which General Ledger posting account to use
when processing an Invoice from your company ,the Description on the Invoice
that is submitted to the NMBM for goods delivered/services rendered must be detailed
and accurate, i.e. do not use descriptions like "Services
Rendered/Miscellaneous Work done/Various,” etc. The exact description of what
goods were delivered or services rendered must appear on each Invoice.
7. Where can I view the Regulations on mSCOA ?
8. Where can I send further questions or comments to?
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