Review of Asset Management – Monmouthshire County Council Audit year: 2016-17 Date issued: November 2017 Document reference: 186A2017-18 This document has been prepared as part of work performed in accordance with statutory functions. In the event of receiving a request for information to which this document may be relevant, attention is drawn to the Code of Practice issued under section 45 of the Freedom of Information Act 2000. The section 45 code sets out the practice in the handling of requests that is expected of public authorities, including consultation with relevant third parties. In relation to this document, the Auditor General for Wales and the Wales Audit Office are relevant third parties. Any enquiries regarding disclosure or re-use of this document should be sent to the Wales Audit Office at
[email protected]. The team who delivered the work comprised Steve Frank, Allison Rees, Dave Wilson, programme managed by Non Jenkins under the direction of Huw Rees. Page 2 of 12 - Review of Asset Management – Monmouthshire County Council Contents Summary report The Council has a good understanding of its assets, however it lacks a strategic approach and effective information technology to support the management of its assets 4 Proposals for improvement 5 Detailed report The Council has an Asset Management Plan but this is not time bound and focuses on the short term 6 The Council can show improved use of some assets but asset management arrangements are not well co-ordinated or supported by effective IT systems 8 The Council reviews its ongoing use of assets but the Asset Management Plan remains unchanged since 2014 10 Page 3 of 12 - Review of Asset Management – Monmouthshire County Council Summary report The Council has a good understanding of its assets, however, it lacks a strategic approach and effective information technology to support the management of assets 1 Asset management seeks to align the asset portfolio with the needs of the organisation.