VISION
Leader in Public Asset Management.
MISION
To plan, monitor and ensure policy compliance of asset management, public fund and office-bearer including department vehicles are implemented efficiently and effectively.
OBJECTIVE
- To ensure policies and regulations related to asset management and public fund remain relevant.
- To generate income through outright disposal of the Federal land, building and facilities.
- To ensure Ministries and Departments manage assets and public funds in a prudent and orderly manner.
- To ensure the licensed gaming activities are conducted in a controlled environment in accordance with regulations.
- To ensure the management of office vehicles and department are implemented efficiently and systematically.
FUNCTION
- Planning and management of Government's asset policy.
- Planning and execution of the monetization of Federal land, buildings and facilities through outright disposal.
- Formulation of policy, control and supervise the management of public funds in relation to trust accounts, write-offs, advance payments and miscellaneous, compensation, revenue refunds, determination on expenses rates for non-government staff and gaming activities.
- Management of the Office-Bearer Official Car and the Department Vehicle.
CUSTOMER CHARTER
- To prepare Annual Report of Federal Government's Movable Asset Management within 2 months from the date of receipt of reports.
- To process applications of assets disposal and write-off within 2 weeks from the date of receipt for application with complete documentation.
- To arrange applications to establish the Trust Fund (Section 10 of the Financial Procedure Act 1957) within two months.
- To arrange the establishment of the Trust Account(Section 9 of the Financial Procedure Act 1957) within 1 month.
- To arrange the repayment of Government (AP87 (b)) within 1 month.
- To arrange the application of write-off and surcharge within 3 weeks.
- To manage compensation payment / damages within 3 weeks.
- To process the application for Advance Payment under the Treasury Instructions (AP55) within 7 working days.
- To process the application for Advance Payment under the Treasury Instructions (AP59) within 14 working days.
- To process the application for Advance Payment under the Treasury Instructions (AP327 (b)) within 14 working days.
- To process the application for Overseas school deposit/fees within 7 working days.
- To process the application for Miscellaneous Advance Payment within 3 working days.
- To process the application for Garnishment within 30 working days.
- To process the application for the Rates of payment to Non-government staff within 14 working days.
- To process the application for the Rates of revenue within 3 working days.
- To process the application for Exemptions of Medical and Valuation fees within 14 working days
- To process the application for Refund of Unclaimed Monies to the respective agency within 14 working days.
- To process the application for Special approval on Vehicle Loans within 7 working days.
- To process the application for Special approval on Computer Loans within 3 working days.
- To process the application for exemptions of KWAP contributions within 2 weeks.
- To process the application for Claims on mileage/travel expenses under the Treasury Instruction AP100(a) within 3 working days.
- To process the application to purchase of official cars during retirement (option to purchase) within 1 month.
- To process the application for Office-Bearer Official Car (KRJ) within 1 week.
- To process the application for the Department Vehicles (KJ) within 2 weeks.