In compliance with the MFMA, the RLM reported that it does have a supply chain management policy which was implemented in April 2009. The RLM further reported that it has a credible asset register which was started in 2007 and completed in 2009. Furthermore, the RLM reported that it has a bid committee but establishing other committees is a challenge. The Richtersveld Local Municipality added that a budget and treasury office has been established but the CFO position is vacant. The RLM argued that, due to the resignation of the Chief Financial Officer, the 2008/09 financial statements was not submitted two months after the closing date. But, the section 71 (of the MFMA) reports were submitted to the Mayor, the Provincial and National Treasury. The RLM further reported that the annual report was approved by the Council.