Dimension 12.3. Transparency of asset disposal
DIMENSION MEASUREMENT GUIDANCE
12.3:1. This dimension assesses whether the procedures for transfer and disposal of assets are established through legislation, regulation, or approved procedures. It examines whether information is provided to the legislature or the public on transfers and disposals. Transfer of assets includes transfer of usage rights where ownership is retained by the government.
12.3:2. Procedures and rules for transfer and disposal of assets include formal directions or regulations relating to the authority and responsibility for taking such action, and the methods to be used for transfer or disposal, recording or publication of the
results. These are considered to be established when the procedures and rules are formally recorded in laws, regulations or directions from appropriate authorities.
12.3:3. For an A and B score, complete information on transfers and disposals should be included in budget documents, financial reports or other reports. Complete information includes that relating to original cost, disposal value, date of acquisition, and date of disposal. For a C score, partial information should include at least the original purchase cost and disposal value.
12.3:4: When there is no disposal or transfer of assets, the second requirement for an A and a B score would be fulfilled if the absence of disposal (or transfers) is acknowledged. If there is no such acknowledgment, the score could be C.
Dimension 12.3. Scoring
|Score||Minimum requirements for scores|
|A||Procedures and rules for the transfer or disposal of financial and nonfinancial assets are established, including information to be submitted to the legislature for information or approval. Information on transfers and disposal is included in budget documents, financial reports, or other reports.|
|B||Procedures and rules for the transfer or disposal of nonfinancial assets are established. Information on transfers and disposals is included in budget documents, financial reports, or other reports.|
|C||Procedures and rules for the transfer or disposal of nonfinancial assets are established. Partial information on transfers and disposals is included in budget documents, financial reports, or other reports|
|D||Performance is less than required for a C score|
Dimension 12.3. Timing, coverage and data requirements
|Time period||Coverage||Data requirements/calculation||n Data sources|
|Last completed fiscal year.||CG for financial assets and BCG for nonfinancial assets.||
Pillar Three: Management of Assets and Liabilities