Asset Management Plan and Strategy
Council’s Asset Management Plan provides the strategy to manage, renew and replace its very significant asset base, valued at almost $300 million. The Plan identifies Council’s current asset base, considers current and desired levels of service and provides financial projections for the management of its assets for a ten year period. The capital costs identified by the Plan are provided in the Capital Works Program, reflected in the Long Term Financial Plan and then in turn, the Annual Business Plan and Annual Budget.
The Asset Management Plan was adopted by Council on the 22 May 2019.
Council's Asset Management Strategy is prepared to assist Council in improving the way it delivers services from infrastructure including roads, kerbing, bridges, footpaths, stormwater drainage, CWMS (Community Wastewater Management Scheme) and buildings. These infrastructure assets have an approximate replacement value of $351 million.
The Asset Management Strategy is to enable Council to:
- Show how its asset portfolio will meet the service delivery needs of its community into the future;
- Provide capacity for Council’s asset management policies to be achieved; and
- Ensure the integration of Council’s asset management with its long term strategic plan.
The Asset Management Strategy was adopted by Council on the 22 May 2019