It is essential that Nongoma have access to adequate sources of revenue, from both its own operations and intergovernmental transfers, to enable it to carry out its functions. It is furthermore necessary that there is a reasonable degree of certainty with regard to source, amount and timing of revenue.

It is important to track the respective sources of revenue received by Nongoma   as they can be quite different and can vary substantially depending upon the phase that the municipality is in. Knowledge of the sources of funds will illustrate Nongoma’s position more accurately, its ability to secure loans relative to its income streams and its borrowing capability.

The financial policy of the Nongoma Municipality is to provide a sound financial base and the resources necessary to sustain a satisfactory level of municipal services for the citizens of The Nongoma Municipality. It is the goal of Nongoma to achieve a strong financial position with the ability to:

• Withstand local and regional economic impacts;
• Adjust efficiently to the community’s changing service requirements;
• Effectively maintain, improve and expand Nongoma  ’s infrastructure;
• Manage Nongoma’s budget and cash flow to the maximum benefit of the community;
• Prudently plan, coordinate and implement responsible and sustainable community development and growth;
• Provide a high level of fire and other protective services to assure public health and safety.
• Nongoma’s financial policies shall address the following fiscal goals: -
• Keep Nongoma in a fiscally sound position in both the long and short term;
• Maintain sufficient financial liquidity through regular reviews and adjustments to meet normal operating and contingent obligations;
• Apply credit control policies which maximize collection while providing relief for the indigent;
• Credit control policies that recognize the basic policy of customer care and convenience;
• Maintain existing infrastructure and capital assets;
• Provide a framework for the prudent use of debt financing; and
• Direct Nongoma’s financial resources toward meeting the goals of Nongoma’s Integrated Development Plan.