Assets

Local councils must maintain an asset register to ensure its fixed assets are appropriately safeguarded. Once recorded on the asset register, the value of assets must not change from year to year until disposal. 

Please note – concepts of depreciation and impairment adjustments are not appropriate for local councils.

 

The Council’s asset register includes all items, whether purchased, gifted or otherwise acquired:

  • Land and buildings held freehold or on long term lease in the name of the Council
  • Community assets
  • Open spaces equipment such as playgrounds
  • Vehicles, plant and machinery
  • Assets considered to be portable, attractive or of community significance
  • Other assets such as office equipment, street furniture
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Folkestone Town Council is closed from 24th December for the holidays and will reopen on Monday 5th January, with the Town Hall reopening on Tuesday 6th January with the usual opening times of 10am – 4pm.  Please note that Folkestone Museum will reopen on Saturday 3rd January.

In the case of an emergency, such as a threat to health and safety, please call the Folkestone and Hythe District Council emergency number on 0300 003 0247.

Season’s greetings.