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Council plans management of its assets
9:30am Wednesday 10th October 2012 in News
PLANS for the management of assets worth more than £650m have been agreed by Oxford City Council.
The council officially signed off on its latest asset management plan, which takes it up to 2014, on Monday night.
The authority owns a large number of assets, both within its “general fund” totalling £193m and housing stock worth £466m.
The 56-page plan sets out the council’s proposed approach to looking after and improving buildings and other assets it owns in future years.
The council rakes in £7m in income from assets, and council deputy leader and finance board member Ed Turner said the plan was an important document for the council.
He said the plan went hand-in-hand with the council’s capital programme, which outlines proposals for more than £67m of spending on assets over the next four years.