ASSET TYPES

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APPENDIX 3 DEFINITION OF LAND AND PROPERTY CATEGORIES DEFINITION OF LAND AND PROPERTY CATEGORIES We set out below our recommended categories of assets, with those identified in bold being land and property assets which should be reviewed as part of the land and property asset management plan. Operational - Direct service property (excluding that used for or in direct support of residential activities) Property in which the authority has a legal interest, either freehold or leasehold, which is occupied by local authority staff for the direct provision of its services. This category includes:  Schools  Libraries  Sports centres and pools  Residential homes and day centres  Parks  Museums and galleries  Crematoria (land and buildings)  Cemeteries (land and buildings)  Land associated with direct service property  Other direct service property Operational - Indirect service property Property in which the authority has a legal interest, either freehold or leasehold, which is occupied by a third party but to which a degree of subsidy is likely to be given to achieve service objectives. This category includes:  Tenanted farms  Starter units, depots and workshops  Off street car parks  Land associated with indirect service property  Other indirect service property Operational - Office and Administrative property Property in which the authority has a legal interest, either freehold or leasehold, which is occupied by local authority staff to provide administrative support for services. This category includes:  offices  administration buildings  land associated with administrative property Non-operational - Investment Property in which the authority has a legal interest, either freehold or leasehold, which is not being used to meet service needs, i.e. is not being used for operational reasons, and is let to third parties. Non-operational - Surplus/vacant Property in which the authority has a legal interest, either freehold or leasehold, which is not being used to meet service needs, i.e. is not being used for operational reasons, and is vacant and surplus to requirements. These proposals are summarized in the table below. Those assets identified in Italics are not covered in this research. ASSET TYPES Operational assets Direct service property (excluding that used for or in direct support of residential activities) Schools Libraries Sports centers and pools Residential homes and day centers Parks Museums and galleries Cemeteries (land and buildings) Crematoria (land and buildings) Land associated with direct service property Other direct service property Indirect Service Property Tenanted farms Depots and workshops Off street car parks Land associated with indirect service property Other indirect service property Office and Administrative buildings Offices, administrative buildings and land associated with administrative buildings Property used for or in direct support of residential activities Council dwellings Other housing (HRA) property Non HRA housing Street furniture Non-operational assets Land (both awaiting development and associated with operational property) Commercial property Investment property Surplus assets Infrastructure Roads Community assets Sea defenses Bridges Permanent ways Water and drainage Works of art Museum exhibits Civic regalia ASSET TYPES Operational assets Non Land and Building operational assets Equipment Vehicles Mechanical plant Computers and other IT equipment Fixtures and fittings Non-operational assets Infrastructure Community assets

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