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Housekeeping Mangement

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Submitted By darnagwapa
Words 6246
Pages 25
TABLE OF CONTENTS

1. Policy Objectives 3

2. Definition Of A Fixed Asset 3

3. Role Of Municipal Manager 3

4. Role Of Chief Financial Officer 4

5. Format Of Fixed Asset Register 4

6. Classification Of Fixed Assets 5

7. Investment Property 6

8. Fixed Assets Treated As Inventory 7

9. Recognition Of Heritage Assets In The Fixed Asset Register 7

10. Recognition Of Donated Assets 7

11. Safekeeping Of Assets 7

12. Identification Of Fixed Assets 8

13. Procedure In Case Of Loss, Theft, Destruction, Or Impairment Of Fixed Assets 8

14. Capitalisation Criteria: Material Value 9

15. Capitalisation Criteria: Intangible Items 9

16. Capitalisation Criteria: Reinstatement, Maintenance And Other Expenses 9

17. Maintenance Plans 10

18. Deferred Maintenance 10

19. General Maintenance Of Fixed Assets 10

20. Depreciation Of Fixed Assets 11

21. Rate Of Depreciation 11

22. Method Of Depreciation 12

23. Amendment Of Asset Lives And Diminution In The Value Of Fixed Assets 12

24. Alternative Methods Of Depreciation In Specific Instances 12

25. Creation Of Non-Distributable Reserves For Future Depreciation 13

26. Carrying Values Of Fixed Assets 13

27. Revaluation Of Fixed Assets 14

28. Verification Of Fixed Assets 15

29. Disposal Of Fixed Assets 15

30. Other Write-Offs Of Fixed Assets 16

31. Replacement Norms 17

32. Insurance Of Fixed Assets 17

33. Biological Assets 17

34. Fixed Asset Lives 18

33.1 Infrastructure Assets 18

33.2 Community Assets 20

33.3 Heritage Assets 21

33.4 Investment Assets 21

33.5 Other Assets 22

35. Paraphrase Of Section 14 Of The Municipal Finance Management Act 2003 24

POLICY OBJECTIVES

This policy is necessary to facilitate the effective management,

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