Meeting documents
Cabinet
Wednesday, 14th May, 2008
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Bath & North East Somerset Council |
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Property Services Division |
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Asset Valuation |
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Valuation Date 29 September 2007 |
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Valuation Summary |
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Total Operational Property £306,694,587 |
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Total Non Operational Property £226,860,433 |
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Total Community Assets £27,000 |
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Total Unallocated or Surplus £17,445,550 |
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Grand Total £551,027,570 |
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The valuations are to be prepared in accordance with The RICS Appraisal and Valuation Standards (5th Edition). In particular UK Appendix 1.5 Valuation of Local Authority Assets and The CIPFA Code of Practice on Local Authority Accounting in Great Britain - A Statement of Recommended Practice. |
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Valuations are undertaken in accordance with Terms of Engagement including assumptions. Click on the following link to go to the Terms of Engagement in full. |
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Certificate of Impairment |
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For the purposes of the Council's Accounts for the year ending 31 March 2008 the Valuation of certain of the Assets has been reassessed as at 29 September 2007. The remaining assets have previously been valued as part of the overall 5 year rolling programme. |
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As a result of acquisitions, disposals and other developments the value of the Council's assets as at 31 March 2008 differs from the figures in this certificate in the cases set out in the attached separate sheet. |
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NB - The following division into Service areas reflects the current senior management structure. At the date of publication this has not been verified by Service Directors. |
Operational |
Non Operational |
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Corporate Estate |
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Adult & Health |
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Schedule 1 |
Adult Care, Housing & Health |
20 |
11,050,000 |
16 |
526,000 |
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Schedule 2 |
Adult Care & Health |
8 |
6,442,000 |
1 |
270,000 |
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Children's Services |
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Schedule 3 |
Children's Strategic Services |
136 |
184,853,937 |
11 |
579,500 |
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Schedule 4 |
Learning & Inclusion |
4 |
717,000 |
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Schedule 5 |
Children, Young People and Family Support |
8 |
2,491,000 |
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Customer Services |
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Schedule 6 |
Environmental Services |
64 |
20,834,650 |
73 |
3,938,000 |
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Schedule 7 |
Planning and Transport Development |
71 |
27,090,000 |
49 |
1,183,000 |
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Schedule 8 |
Tourism, Leisure & Culture |
19 |
35,500,000 |
4 |
1,218,000 |
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Schedule 9 |
Customer Service, Libraries and Information |
8 |
4,577,500 |
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Development and Major Projects |
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Schedule 10 |
Economic Development |
2 |
321,000 |
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Legal & Democratic Services |
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Schedule 11 |
Democratic Services |
1 |
25,000 |
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Resources & Support Services |
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Schedule 12 |
Property & Facilities - Corporate Offices |
20 |
12,663,500 |
3 |
2,569,000 |
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Schedule 13 |
Property & Facilities - Traded Services |
1 |
450,000 |
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Total Corporate Estate |
360 |
306,694,587 |
159 |
10,604,500 |
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Commercial Estate |
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Schedule 14 |
Property & Facilities - Commercial Estate |
363 |
216,255,933 |
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Total Corporate and Commercial |
360 |
306,694,587 |
522 |
226,860,433 |
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Total Commercial and Corporate |
882 |
533,555,020 |
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Other Assets |
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Schedule 15 |
Unallocated |
8 |
4,120,550 |
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Schedule 16 |
Infrastructure Assets |
26 |
0 |
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Schedule 17 |
Community Assets |
250 |
27,000 |
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Schedule 18 |
Surplus |
58 |
11,087,000 |
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Schedule 19 |
Land Bank |
19 |
2,238,000 |
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276 |
27,000 |
85 |
17,445,550 |
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Total Other Assets |
361 |
17,472,550 |
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Grand Total |
1,243 |
551,027,570 |
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