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Coop
#1 Posted : 30/08/2018
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Joined: 2/24/2018(UTC)
Posts: 5

Our valuers currently value our 20% list as at 1st April. I'm interested to know what happens in other authorities
TJB67
#2 Posted : 08/10/2018
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Joined: 2/24/2018(UTC)
Posts: 6

All our property and land assets are valued every 5 years, with a desk top exercises undertaken in the other 4 years.
Specific assets which have had significant works or where we have acquired new assets, are subject of a full valuation prior to the year end.

Valuations are undertaken in January and we receive the individual valuations early February. The Valuer then provides us with a report and overall valuation as at 31 March xxxx and a statement as to any material changes from those assessed at January.

This, along with other initiatives for earlier closedown enables us to get the Asset register and capital accounting ledger entries undertaken by at the latest, first week in April. This approach was agreed with Auditors when we introduced it 4 years ago.
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