The Committees were told by the TLM that the annual financial statements for 2008/09 financial year have been submitted one month late due to the late submission of quotations by service providers. The lack of staff had hampered the possibilities of the CFO compiling the audited financial statement on time. The TLM reported that all section 71 (of the MFMA) reports get submitted on a monthly basis to the relevant treasury offices. The TLM told the Committees that it makes use of the Shared Services Unit of the district municipality for both the internal audit as well as the audit committee. The TLM emphasised that both of these committees are active and functional. The TLM reported that its Council adopted the annual report for the 2008/9 financial year on Thursday, 28 January 2010. The annual report gives a broad overview of the functionality and performances of the municipality over the previous year. It covers the financial, corporate service, technical services as well as executive administration of the TLM.