Financial management of the buildings of public social security institutions

general assembly on January 30, 2013

The Court of Audit publishes on its website a report on the management of the real estate properties of the social security institutions. The Court concludes that the financial management of these properties lacks sufficient guidance. Such a guidance should include a detailed knowledge of the properties, an accounting framework reflecting their value, the investment choices and a management model taking into account the costs incurred over the full lifetime of the assets. The Court recommends to clarify the objectives of the real property function within the institutions, to organize the management monitoring of the properties and to optimize their renewal.