Parks and Open Space Asset Capitalisation Project

Some councils capitalise open space assets, but many currently do not. This project is intended to help councils that are moving towards capitalising parks and open space assets by establishing:

  • which councils currently capitalise parks and open space assets;
  • which asset types are typically considered to be open space assets;
  • typical unit rates;
  • typical asset & component useful lives;
  • typical componentisation schemes.

Ideally it will establish default values for unit rates and useful lives, that will be widely accepted by auditors as appropriate.

Collaborators

The following people have indicated they would like to be involved in the project.

State of Play

As of June 2018 the following councils did or did not capitalise open space assets as indicated:

Related Pages

External Links & References

  1. Google Search
  2. Survey
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