The post you are reporting:
It would be interesting to know how much they are all worth, whether there are any individual pieces of high value, and how much the storage, regular valuations, maintenance and insurance cost the council each year. I'm sure both DDC and DTC could provide that information informally without the need for an FOI request.
There's a figure of £4,113,000 in DDC's balance sheet for Heritage Assets.
Quote:
(vii) Heritage Assets
These are assets held principally for their contribution to knowledge or
culture and meet the definition of a heritage asset. Heritage Assets
may be either tangible or intangible with historical, artistic or scientific
qualities and must be carried at valuation, reflecting the fact that
exchanges are uncommon.
Heritage assets are carried at valuation (e.g. insurance valuation)
rather than fair value, reflecting the fact that exchanges of heritage
assets are uncommon. Valuations are determined by the insurance
valuation, or where not available the historical cost. Although there are
no prescribed minimum periods for review, the assets will be reviewed
in line with the insurance policy and material changes will be
incorporated into the accounts. A de-minimis level has been set at
£10k for heritage assets based on the method of valuation above.
Heritage Assets are not subject to depreciation.