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Finalization of Water Storage Policy

Consultancy Services for Asset Valuation

Client: Coast Water Services Board

Narrative Description of Project: The purpose of the assignment is to enable the board identify all its existing physical assets, keep proper records in a professional manner and ascertain their values.

Description of Actual Services Provided by Our Staff: The consultant carried out the following tasks:

  1. Providing details of the Boards assets (water, waste water and non-water assets) , their locations and conditions, recommending the most appropriate asset valuation methodology which should be consistent with the recommended practice and guidelines as per International Financial Reporting Standards (IFRS)
  2. Developing asset valuation data into a consistent asset listing
  3. Asset classification, location and pricing
  4. Assessment of asset condition
  5. Assessing useful life of the asset
  6. Creating asset inventory and record keeping
  7. Tagging of all assets
  8. Identifying critical assets
  9. Creating a repair and replacement schedule
  10. Incorporating the asset values into the financial statements of CWSB

Country: Kenya

Location within Country: Mombasa, Kilifi, Kwale, Taita-Taveta, Lamu and Tana River Counties

Start Date: 2012

Completion Date: 2012