3.2 The Siyancuma Local Municipality The Siyancuma Local Municipality (SLM) reported that it did not have a Chief Financial Officer (CFO) and they rely on the accountant to deal with the day-to-day issues in financial management. The SLM said that the absence of the CFO has negatively affected them. The SLM further reported that the CFO will be appointed in the near future. At the SLM, salaries amount to 46 per cent of the total operating costs but when the Council's salaries are added, this figure goes up to 56 per cent of the total operating costs.