n IMFO : Official Journal of the Institute of Municipal Finance Officers - The challenges of maintaining a GRAP 17 compliant asset register
|Article Title||The challenges of maintaining a GRAP 17 compliant asset register|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Autumn 2010|
|Pages||10 - 11|
This article is about the unbundling of infrastructure, compliant asset register system, asset management and my personal favourite and somewhat over eagerly claimed, GRAP 17 compliant asset registers (which are not always what they are claimed to be!!). This article identifies why this claim is overstated and highlights some recommendations for municipalities to consider.
The main focus across the country during the past 3 years has been the preparation of a GRAP 17 Compliant Register of property, plant and equipment. There has been considerable effort and financial resources channelled towards the compilation of the asset register and all this will be in vain if asset registers are not continuously updated and maintained. There is too much focus on preparing the asset register and too little focus on the post-preparation process. The question has to be asked... "The asset register is tabled, it passes the audit process, but what happens next?"
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