In order to account and ensure that the municipality's land, buildings and other immovable properties were reliably used at all times, the municipality complied with the requirements of section 96(2)(b) of the Municipal Finance Management Act, which requires the Accounting Officer to take all reasonable steps to ensure that the municipality has and maintains a system of internal control of assets and liabilities, including an asset register. The institution drafted and implemented an asset management policy as a tool to monitoring asset management's activities.