2.1 Identify a municipality of your choice and obtain its latest financial statements. After perusing the statements,
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2.1 Identify a municipality of your choice and obtain its latest financial statements. After perusing the statements, identify all sources of local government funding that you can find in them.
2.2 Municipalities must pay attention to revenue management. Failure to do so means they will not be able to collect the revenue needed to fund their expenditure, which could result in cash-flow problems. Explain the cash management measures municipalities are obliged to implement under the National Treasury regulations.
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BALANCE SHEET demonstrate what a corporation owns and owes at a specific point in time Income statements indicate how much money a business makes and ... View the full answer
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