The Finance Department plays a determining role in the overall functioning of the Council. It is composed of three main sections namely, the Income Section, the Expenditure Section and the Stores section https:/….propecia-generico/.
- To prepare and monitor the Council’s budget;
- To monitor the Council’s expenditure and ensure that funds are disbursed in line with existing financial regulations;
- To ensure that all amounts due to the Council are collected;
- To prepare detailed accounts of the Council;
To manage the Council’s banking business and investments.
THE COUNCIL’S REVENUE
Council’s main sources of revenue are from the Central Government (Grant-in-Aid), fees payable under the 8th Schedule (18.5%), Entertainment Tax, Advertisement and Publicity Fees, Fees from Markets and Fairs (5.3%) and Interest on Investment (1.7%).
Council’s ‘own’ revenue raising capacity being limited, our budget is financed at 72% mainly by the Government in terms of grant -in-aid.
It is worth pointing out that the bulk of the Expenditure (64.9%) is being incurred by the Works and Health Departments only, as these departments are the main ones which provide the essential services, such as scavenging, construction of roads and drains, street lighting etc.
In order to enhance the level of infrastructure within the Moka/ Flacq area, several projects were undertaken and completed by the Council: a new Traffic Centre at Central Flacq; a new Market at Quartier Militaire and at Saint Pierre and a Reception Hall at the District Council.
Most of the Council’s ‘own’ revenue is collectible from economic operators who pay license fees under the 8th Schedule of the Local Government Act 1989. These fees are payable in advance by 31st January each year, otherwise a surcharge of 50% is applied if payment is effected after this date.