PUB1504 2025 ASSIGNMENT 2 SEM 1 2025 PUB1504 2025
DISCLAIMER
THE DOCUMENT PRESENTED IS A DEMOSTRATION ON HOW STUDENTS CAN
APPROACH THE ASSIGNMENT FOR PUB1504. IT IS BASED ON PRESCRIBED
MATERIAL AND EXTERNAL RESEARCH. THE DOCUMENT CONTAINS BOTH
SHORT NOTES AND A RESPONSE EXAMPLE FOR EACH QUESTION.
STUDENTS ARE THEREFORE ADVISED NOT TO COPY AND PASTE BUT USE
THE DOCUMENT AS A RESEARCH GUIDE THAT WOULD HELP THEM DRAFT
THEIR OWN FINAL COPIES.
,PUB1504 2025 ASSIGNMENT 2 SEM 1 2025 PUB1504 2025
Table of Contents
1.1 Various role players are involved in the budgeting process in the public sector. Identify and describe
the external and internal role players that are involved in the budget process of a public sector institution.
................................................................................................................................................................ 4
External role players in the budget process ............................................................................................ 4
Treasuries ........................................................................................................................................... 4
The Budget Council ............................................................................................................................ 5
The Medium-Term Expenditure Framework Committees (MTEFCs) ................................................. 5
The Financial and Fiscal Commission (FFC) ..................................................................................... 5
The Minister’s Committee on the Budget ........................................................................................... 5
The Budget Forum .............................................................................................................................. 5
Parliament and the Constitution.......................................................................................................... 6
Internal Role Players in the Budget Process .......................................................................................... 6
Responsibility manager ...................................................................................................................... 6
Programme manager .......................................................................................................................... 6
Departmental budget advisory committee or management committee .............................................. 7
Executive authority .................................................................................................................................. 8
Civil servants ........................................................................................................................................... 8
1.2 Treasury regulations in South Africa ensure public financial stability and cash management
(Moeti,2014). Considering this context, describe and explain the Treasury Regulations that relate to
Cash Management and illustrate with the use of public sector examples. ............................................. 8
Definition of Cash Management .............................................................................................................. 8
Need for Financial Regulations ............................................................................................................... 9
Roots of Treasury Regulations.............................................................................................................. 10
Treasury Regulations Relating to Cash Management (Regulation 15) ................................................ 11
Control of the national and provincial revenue fund ......................................................................... 11
Bank account configuration .............................................................................................................. 11
Deposits into the revenue funds ....................................................................................................... 11
Withdrawals from and investments in revenue funds ....................................................................... 12
Requisitioning of funds by departments ........................................................................................... 12
, PUB1504 2025 ASSIGNMENT 2 SEM 1 2025 PUB1504 2025
Surrender of voted surplus funds...................................................................................................... 12
Accounting and reporting .................................................................................................................. 12
Banking and cash management ....................................................................................................... 13
Warrant vouchers, cheques, and electronic payments .................................................................... 13
Public Sector Examples ........................................................................................................................ 13
References ............................................................................................................................................ 15
DISCLAIMER
THE DOCUMENT PRESENTED IS A DEMOSTRATION ON HOW STUDENTS CAN
APPROACH THE ASSIGNMENT FOR PUB1504. IT IS BASED ON PRESCRIBED
MATERIAL AND EXTERNAL RESEARCH. THE DOCUMENT CONTAINS BOTH
SHORT NOTES AND A RESPONSE EXAMPLE FOR EACH QUESTION.
STUDENTS ARE THEREFORE ADVISED NOT TO COPY AND PASTE BUT USE
THE DOCUMENT AS A RESEARCH GUIDE THAT WOULD HELP THEM DRAFT
THEIR OWN FINAL COPIES.
,PUB1504 2025 ASSIGNMENT 2 SEM 1 2025 PUB1504 2025
Table of Contents
1.1 Various role players are involved in the budgeting process in the public sector. Identify and describe
the external and internal role players that are involved in the budget process of a public sector institution.
................................................................................................................................................................ 4
External role players in the budget process ............................................................................................ 4
Treasuries ........................................................................................................................................... 4
The Budget Council ............................................................................................................................ 5
The Medium-Term Expenditure Framework Committees (MTEFCs) ................................................. 5
The Financial and Fiscal Commission (FFC) ..................................................................................... 5
The Minister’s Committee on the Budget ........................................................................................... 5
The Budget Forum .............................................................................................................................. 5
Parliament and the Constitution.......................................................................................................... 6
Internal Role Players in the Budget Process .......................................................................................... 6
Responsibility manager ...................................................................................................................... 6
Programme manager .......................................................................................................................... 6
Departmental budget advisory committee or management committee .............................................. 7
Executive authority .................................................................................................................................. 8
Civil servants ........................................................................................................................................... 8
1.2 Treasury regulations in South Africa ensure public financial stability and cash management
(Moeti,2014). Considering this context, describe and explain the Treasury Regulations that relate to
Cash Management and illustrate with the use of public sector examples. ............................................. 8
Definition of Cash Management .............................................................................................................. 8
Need for Financial Regulations ............................................................................................................... 9
Roots of Treasury Regulations.............................................................................................................. 10
Treasury Regulations Relating to Cash Management (Regulation 15) ................................................ 11
Control of the national and provincial revenue fund ......................................................................... 11
Bank account configuration .............................................................................................................. 11
Deposits into the revenue funds ....................................................................................................... 11
Withdrawals from and investments in revenue funds ....................................................................... 12
Requisitioning of funds by departments ........................................................................................... 12
, PUB1504 2025 ASSIGNMENT 2 SEM 1 2025 PUB1504 2025
Surrender of voted surplus funds...................................................................................................... 12
Accounting and reporting .................................................................................................................. 12
Banking and cash management ....................................................................................................... 13
Warrant vouchers, cheques, and electronic payments .................................................................... 13
Public Sector Examples ........................................................................................................................ 13
References ............................................................................................................................................ 15
