A case study on the appraisal of Cupressaceae collection in the Cibodas Botanical Garden

Abstract

The collection of trees in the Cibodas Botanical Garden is regarded as a biological resources (SDH) asset. Appraisal as an SDH asset in the Cibodas Botanical Garden had been done by the Directorate General of State Finance in 2014, however the calculation of its value does not consider and value the existing condition of the trees. STEM and revised-Burnley are among those scientific methods applied in many countries as non-market appraisal techniques. The assessment of trees of the Cupressaceae collection at Cibodas Botanical Garden applying the STEM and revised-Burnley methods had been conducted in 2015 until 2016. This assessment aims to obtain the most appropriate method to appraise the SDH assets so that it can be recommended to DJKN as a refinement of its current asset appraisal method of tree collection that illustrates the actual condition. The appraisal of Cupressaceae tree collection with STEM method shows the range value of Rp. 88,305,390.86 - Rp. 160,527,847.47; the revised Burnley method of Rp. 5,139.67 - Rp. 4,069,041.21; while DJKN method of Rp. 10,810,863.99 -Rp. 27,211,345.07. Additional attributes may be considered to improve the DJKN method. These include maintenance costs, base value, volume, tree conditions, tree effect on the environment, and notability.