1. Municipal budgets are an important financial management tool for municipalities. One of the requirements therefore is that they should be credible.
   1. Discuss the above statement with specific reference to the concept of realistically anticipated revenue and expenditure with specific reference to:
      1. Own revenue,
      2. loans and;
      3. grants, indicating in each how you would confirm that the revenue reflected in the budget is realistic, and, (10)
      4. Municipal budgets are an important financial management tool for municipalities. One of the requirements therefore is that they should be credible.
         1. Discuss the above statement with specific reference to the concept of realistically anticipated revenue and expenditure with specific reference to:
            1. Own revenue,
            2. loans and;
            3. grants, indicating in each how you would confirm that the revenue reflected in the budget is realistic, and, (10)