The Migori County Government (Department of Finance and Economic Planning) held a consultative meeting at Joffa Hotel as part of the process of developing the Assets and Liabilities Management policy. The two-day meeting which ended today and attended by CECM Finance, the County Attorney, and other staff members from various departments, made significant progress in the development of this crucial document.
Once developed, the Asset and Liability Management Policy will aid the Migori County government in mapping out all its assets, creating a digital inventory from which the assets can be located by a click of the button, and assign the responsibility of taking care of County assets to specific officers. The Policy will further reduce losses of the County assets and reduce litigations over their ownership, saving the County of its limited resources.
Currently, the Migori County Government and its entities lack a comprehensive, standardised and harmonious framework guiding management of Assets and Liabilities in the County. This Policy will, therefore, go a long way in creating a transparent, accountable, and sustainable framework for managing Migori County’s assets and liabilities to support equitable service delivery.
