Enhancing Asset Management For Fezile Dabi District Municipality

Client Details

• Company Worked With: Fezile Dabi District Municipality (FDDM)
• Execution Level: Local Government
• Contact Person: Paseka Moloi ([email protected])
• Duration: 2 Months (Including Annual System Subscription)

Project Overview

Fezile Dabi District Municipality (FDDM), a local governmental entity, approached our asset management company seeking solutions to streamline their fixed asset management processes. 

The project aimed to improve accuracy, efficiency, and compliance with regulatory requirements in managing the municipality’s substantial asset base.

Description Of Work

Our company undertook a comprehensive scope of work which included:

• Supply of Asset Management & Accounting Services
• Physical Verification & Reconciliation of Fixed Asset Register (FAR)
• Implementation of an Asset Management Verification System
• Support & Maintenance Services
• Value of Contract: 650,000 ZAR
• Asset Count: 4,000

Results Obtained

The successful collaboration between Fezile Dabi District Municipality and our asset management company yielded significant results:

• Unqualified Audit Opinion: Through meticulous reconciliation and verification processes, the municipality obtained an unqualified audit opinion, reflecting the accuracy and integrity of their fixed asset records.
• Improved Asset Management Practices: The implementation of the Asset Management Verification System enhanced the municipality’s ability to track, monitor, and manage its extensive asset inventory efficiently.
• Regulatory Compliance: By ensuring compliance with regulatory standards, Fezile Dabi District Municipality strengthened its accountability and transparency in asset management practices.

Client Testimonial

“Paseka Moloi, representing Fezile Dabi District Municipality, expressed satisfaction with the collaboration, highlighting the positive impact on their asset management operations. The seamless integration of our services and the commitment to delivering excellence contributed to the project’s success.”

Conclusion

The partnership between our asset management company and Fezile Dabi District Municipality exemplifies our dedication to providing tailored solutions that address the unique needs of our clients. 

By leveraging innovative technologies and best practices, we empower organizations to optimize their asset management processes, achieve regulatory compliance, and enhance overall operational efficiency.