Public property holdings: evaluating the asset

The development of computer‐based information systems for local authority property management

The paper examines how a property management division has sought to adopt the recommendations of the Audit Commission and Chartered Institute of Public Finance and Accountancy reports on local authority property management, and measures the democratically‐elected body has taken via its central committee, executive and directorate, to apply Information Technology (IT) in the development of a computer‐based information system for the registration of assets, valuation of property and measurement of performance.

Managing public sector property assets: the valuation issues

Considers the nature of local authority assets within the context of overall management objectives. Raises questions about the categorization of public assets and the way in which they are perceived by local authorities. Analyses research undertaken to examine the compilation of asset registers, the methods for the valuation of these assets, the appropriateness of such methods and the resulting explanations of value. Assesses the recently completed exercise undertaken by UK authorities to record their property asset stock and suggests, in the longer term, how such an exercise could be modified to incorporate more appropriate means of valuing some of its assets.