Annual Report 2011/12

CONTENTS

Vision, Mission, Values (2011/12) Operational HighlightsStrategic Objectives Operational Highlights Corporate GovernanceOrganogram Annual Financial Statements

2SHRA Annual Report 2011.12

Mandate, Vision, Mission


Operational Highlights


Annual Financial Statements • SHRA has now produced its first full set of Annual Financial

Statements. An unqualified audit opinion was expressed by the external auditor.

SHRA 2012-2016 Strategic Plan • The 2012-2016 Strategic Plan was approved by DHS and signed off

for implementation by the Minister. This was supported by the Annual Performance Plans which were also approved.

Snapshot of Performance• Operational office infrastructure in place• Accreditation of 18 SHI’s (17 Conditional and 1 full, 8 declines)• Monitoring of 18 SHI’s• Capital Investment yielding 4 127 units• 19 Intervention grants

Strategic Objectives


Operational Highlights


Stakeholder Management

The following agreements have been signed as per the Social Housing Act during the year under review

o North West : signedo Free State: signedo Eastern Cape: signedo KZN: signedo Limpopo: drafto Mpumalanga: drafto Gauteng: drafto Northern Cape: draft o Western Cape: draft

Funders:-o NHFC : signedo DBSA: drafto DIGH: drafto AFD

Nasho: draftNurcha: draft

Corporate Governance


Organogram


Regulations Manager

CFO

Executive Assistant

AdministrativeAssistant

KnowledgeManager

Research and Development

Manager

InvestmentManager

Corporate Services Manager

Company Secretary

CEO

HR(Outsourced)Accountant IT

Receptionist

Supply Chain Management

Accreditation Manager

Compliance & Monitoring

Manager

Legal Officer

Senior Administrator

RelationshipManager

InvestmentAnalyst

Administrator Pipeline Analyst

Technical ManagerGrantManager

PA

InterventionManager

InformationAnalyst

Messenger

Intern

Council

Committees

Emphasis of Matter


Emphasis Item Issue

Restatement of Corresponding Figures

Accounting Entry – closing/opening balance – interpretation

Reportable Irregularity Treatment of Personal Service provider as company (tax deductions not effected)

Pre-determined Objectives

Did not follow SMART principals


Policies, procedures and manager not in place

Irregular Expenditure R1,8m incurred due to not obtaining 3 quotes

Risk Management Policy, procedure and framework not in place

SHRA was in start-up phase with only the basic policies, procedures and staff in place, whilst it had to start delivery immediately

Emphasis of Matter


Emphasis Item Issue Action

Restatement of Corresponding Figures

Accounting Entry – closing/opening balance – interpretation

None required

Reportable Irregularity

Treatment of Personal Service provider as company (tax deductions not effected)

1. SARS engaged – case number obtained – PSP to declare this to SARS

2. PSP resigned in 2012/13

Pre-determined Objectives

Did not follow SMART principles 1. Performance Objectives refreshed in line with SMART principles

2. Internal Audit review


Policies, procedures and manager not in place

1. Manager appointed2. Policy and processes applied3. Training for staff

Irregular Expenditure

R1,8m incurred due to not obtaining 3 quotes

Relates to Supply Chain Management

Risk Management

Policy, procedure and framework not in place

1. Framework, policy and procedure in place2. Plan to appoint Management Accountant /

Risk Officer

Annual Report 2011/12

Documents

Transcript of Annual Report 2011/12