The Asset Register (AR) is an accounting tool that has to be maintained by local authorities and contains all information about the land and property assets owned or leased by the council. The register is updated every financial year.

The AR categorises every property for the purpose of capital accounting. It gathers information that is used to calculate the appreciation and depreciation of assets. This needs to be recorded for sales and purchase purposes. Valuation of the assets owned is carried out regularly with 20% of them valued every year.

The AR is maintained by a team within the Property Management section.

The team inspects these assets to gather any information such as condition and boundaries. The team also provides information to the Finance Department such as valuation, occupation, and usage of the assets.

Asset Register Data (see 'Downloads')
This document is an example of the information that can be provided by the Asset Register Team. The document itself is not a comprehensive report of all assets owned and maintained by the Council. If you require further or more information please do not hesitate to contact us on 01924 305853 or 01924 305369