Difficult data interpretation and analysis.
Difficult to identify non-purposeful utilisation of available funds, mismanagement of collections and lack of cost containment.
Limited availability of forecasts that provide information to assist municipalities in guiding future activities.
Inability to simulate alternative scenarios with impact studies thereof.
The Municipal Forecasting and Reporting Model, with built-in analytics, uses three forecasting methods: Prior Year Actuals; Current Year Actuals; and Adjusted Budget Numbers to calculate the forecast.
The model also evaluates the different scenarios based on the three forecasting methods applied, and visually presents the outcome of each forecasting method. This allows municipalities to test and plan for the best and worst scenarios, including the impact thereof.
The Municipal Forecasting and Reporting Model also provides C-Schedule reports, and also offers data interpretation and analysis in the form of visualisations, including graphs, charts and dashboards.
Municipalities are able to accurately forecast revenue and expenditure to empower them to achieve their service delivery mandate and improve financial performance.
The model increases agility – enabling quick adaptation to the ever-changing environment by taking corrective action where required.
Municipalities are able to track and analyse trends over time with respect to expenditure patterns, revenue collections and cash flows.