Lekwa Local Municipality 2013/14 - Co-operative Governance and ...

2.Short Term InsuranceAnnually insure all Council’sassets to minimize risk - ShortTerm Insurance – Council’sAssets3.CreditorsResponsible to manage thepayment of all creditors on aannual financial year-endasset verification results2. Reporting writtenconfirmation received fromall departments of receiptof departmental assetregisters3. Maintaining a register ofall signed inventory lists,distributed, as reportedwith the financial year-endasset verification4. Co-ordinating a publicauction for redundant itemsby obtaining a CouncilResolution on final list ofredundant identified assets5. Reporting the outcome ofthe auction to CouncilReporting stolen, lost itemsand accidents in terms ofoperational procedures toCouncil’s insurers –6.Completed claim formssubmitted to insurers within7 working daysafter date of receipt fromrelevant departments andclaim registration numbersreceived from insurers8. Report to MayoralCommittee on quarterlyreports received fromrelevant departments interms of quarterlydepartmental assetverifications conducted9. Conduct quarterlydepartmental assetsverification and outcomeverified with asset registerMonitor and performancereporting on the followingappointed external servicerendering short terminsurance as per the agreedperformance targets bysubmitting performancereports:Ensuring payment ofcreditors within 30days after receipt of30 Apr 2014Quarterlybefore 15 thMonthly/QuarterlyMonthlyWithin 30days155 | P a g e