STRATEGIC ASSET MANAGEMENT PLAN

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "STRATEGIC ASSET MANAGEMENT PLAN"

Transcription

1 STRATEGIC ASSET MANAGEMENT PLAN (As at ) Strategic Asset Management Plan Version 7

2 Document Control Document ID: Rev No Date Revision Details Author Reviewer Approver 1 April 2010 Draft Asset and Infrastructure Plan PS 2 May 2010 Comments for Executive review of SAMP 3 July 2010 Comments from Audit Committee following report on 22 June 2010 and updated asset data 4 August 2010 Comments following Executive review 5 October 2010 Comments following Executive review 6 November 2010 For Executive Review of SAMP DR 7 November 2010 Comments following Executive review PS PS PS AO AO Strategic Asset Management Plan Version 7

3 TABLE OF CONTENTS 1. EXECUTIVE SUMMARY INTRODUCTION ROLES AND RESPONSIBILITIES GOALS AND OBJECTIVES OF ASSET MANAGEMENT ASSET MANAGEMENT POLICY ASSET INVENTORY FUTURE DEMAND SERVICE LEVELS RISK MANAGEMENT LIFECYCLE MANAGEMENT PLAN MAINTENANCE RENEWAL NEW ASSETS DISPOSAL FINANCIAL PROJECTIONS SUMMARY FINANCIAL STATEMENTS AND PROJECTIONS IMPROVEMENT PROGRAM CONCLUSION TABLES 1. FINANCIAL INDICATORS COMMUNITY PLAN STRATEGIES & ASSET PLANNING OBJECTIVES ASSETS COVERED BY THIS PLAN DEMAND MANAGEMENT PLAN SUMMARY PROJECTED RENEWALS & FUNDING GAP DRAFT IMPROVEMENT PLAN FIGURES 1. SERVICE LEVEL FLOW CHART RISK ASSESSMENT LIFECYCLE COST OF AN ASSET PLANNED MAINTENANCE EXPENDITURE PROJECTED CAPITAL RENEWAL EXPENDITURE PLANNED NEW EXPENDITURE PLANNED OPERATING & CAPITAL EXPENSES PROJECTED RENEWALS & DEPRECIATION COMPARISON ATTACHMENTS 1. DRAINAGE INFRASTRUCTURE ASSET MANAGEMENT PLAN 2. ASSET MANAGEMENT POLICY 3. FOOTWAYS AND SHARED PATH INFRASTRUCTURE SERVICE STANDARDS 4. FOOTWAYS AND SHARED PATH INFRASTRUCTURE RISK MANAGEMENT PLAN 5. GLOSSARY

4

5 1. EXECUTIVE SUMMARY The Local Government (Financial Management and Rating) Amendment Act 2005 requires Council to develop a Long Term Financial Plan (LTFP) and an Infrastructure and Asset Management Plan (IAMP). The goal of effective asset management is to facilitate the delivery of legislated and/or desired level of service for both the present and future community via the provision and management of physical assets in a cost effective manner. The City of Unley has an obligation to its ratepayers and community to meet this goal and additionally to manage its assets in an environmentally sustainably manner. In 2009/10, the City of Unley s assets were valued for replacement at $351,000,000 with an average of $1,900,000 worth of new assets per annum being created through capital works over the next 10 years. New assets require initial capital expenditure; however they also require financial commitment for maintenance, renewal and borrowing costs which can be up to five times the initial capital expenditure over the assets useful life. To successfully maintain and operate these assets within acceptable levels of service balanced against available funding presents a challenge to Council. Draft Infrastructure and Asset Management Plans (IAMP) have been prepared for the following asset classes: Bridges* 1 ; Drainage*; Footpaths*; Kerbing and Water Table*; Open Space*; and Roads*. Plans are also currently being developed for the following: Buildings*; Information Technology; Plant and Equipment; Swimming Pool; Trees; Car Parks; and Public Lighting. These plans allow Council to analyse the sustainability and review the management of Council s infrastructure. This Strategic Asset Management Plan (SAMP) provides the overall key findings and forecast expenditures. * Required by Local Government (Financial Management and Rating) Amendment Act (2005) Page 1 of 26

6 Table 1: SAMP Financial Indicators As at 30/6/2010 Total assets replacement value $ 351,322,000 Annual depreciation $ 6,051,000 Written down current value $ 233,247,000 Budgeted renewal expenditure year 1 2 $ 9,180,000 Projected renewal expenditure 10 year average $ 6,126,000 The Local Government Association adopted the following definition for financial sustainability at its March 2006 General Meeting: A council s long-term financial performance and position is sustainable where planned long-term service and infrastructure levels and standards are met without unplanned increases in rates or disruptive cuts to services. The key indicator of cost to provide the services delivered by assets is an Asset Sustainability Ratio that provides a measure to determine if assets are being replaced at the rate that they are wearing out. Asset Sustainability Ratio Capital expenditure on renewal or replacement of existing depreciable assets divided by depreciation expense. Asset sustainability ratio Year 1 151% Asset sustainability ratio 10 year average 101% Council s Long Term Financial Plan (LTFP) is based on maintaining financial sustainability by setting the Asset Sustainability Ratio at 100%. When capital expenditure on renewing or replacing existing assets is at least equal to depreciation on average over time, then Council is ensuring the value of its existing stock of physical assets is maintained. If renewal expenditure is less than depreciation then unless Council s overall asset stock is relatively new (see Asset Consumption Ratio), then it is likely that this is under-spending on renewal and replacement 3. When using this rationale consideration needs to be given to the fact that depreciation is based on historical cost or revaluation cost and for some infrastructure assets Council does not replace like for like. Council s asset sustainability ratio is above the desired ratio in Year 1 which can be attributed to the Urban Green Corridor Linear Trail that includes $3,150,000 of renewal work to existing assets. 2 Year 1 projected renewal expenditure excludes backlog. See Section 4 and 9.2 for further details. 3 LGA Local Government Financial Indicators Information Paper 9, November 2006; page 6 para 6 Page 2 of 26

7 Development of this SAMP has identified the further work required and reinforce the need for integrated asset management practices, as such this SAMP summarises Council s approach to asset planning; consolidated information for the asset management work undertaken to date; and improvement initiatives required to continue to improve asset management practices. Page 3 of 26

8 2. INTRODUCTION The Local Government (Financial Management and Rating) Amendment Act 2005 requires Council to develop a Long Term Financial Plan (LTFP) and Infrastructure and Asset Management Plan s (IAMP). Section 122 (1) (d) requires Council, when preparing and adopting its strategic management plans, to state the measures (financial and non financial) that are to be used to monitor and assess the performance of the council over the review period. The IAMP s that are consolidated to form this SAMP are extensive technical documents (refer Attachment 1 for sample document) which inform the LTFP. The combination of replacement, renewal, maintenance and new capital programs will influence the funds (predominately rates) needed to ensure that Council remains financially sustainable. This summary document provides an overview of the financial funding requirements for the Audit Committee, Elected Members and Administration. It also defines the role that Council has in respect to governance. The report will discuss: Roles and responsibilities. Goals and objectives of asset management. The demands on Council assets. Council s current levels of service. Annual budgeting to Long Term Financial Planning. Page 4 of 26

9 3. ROLES AND RESPONSIBILITIES Council exists to provide services to its community. These services are provided either directly or indirectly through the provision of infrastructure assets. Council s goal is to meet the required level of service in the most cost effective manner for present and future stakeholders. Elected Members, the Administration and Council s Audit Committee all have a role in ensuring the aspirations of the community are met within a framework that considers financial, environmental and social sustainability. In terms of asset management, the key responsibilities are: Elected Members: Represent their community and are responsible for ensuring the services the community require can be delivered. Review and endorse the City of Unley Asset Management Policies and Plans. Review Audit Committee reports and monitor that effective asset management practices have been implemented. Council s Audit Committee: Reviews reports from the Administration, consultants and Council s Auditors. Makes recommendations to the Council. Has a high level review role of the City of Unley s asset management activities, policies and plans. The Administration: Is responsible for advising the Council and Audit Committee on asset planning. Ensures implementation of asset planning in line with relevant legislation, policies and plans across the organisation. Page 5 of 26

10 3.1 Goals and Objectives of Asset Management The goals and objectives of infrastructure asset management are: 1. Adopting a life cycle approach; 2. Developing cost-effective management strategies for the long term; 3. Providing a defined level of service and monitoring performance against that service level; 4. Understanding and meeting the demands of growth through demand management and infrastructure investment; 5. Managing risks associated with asset failures; 6. Sustainable use of physical resources; and 7. Continuous improvement in asset management practices. To manage these sometimes conflicting interests, Council needs to adopt a triple bottom line approach to its decision making. This approach considers social, environmental and economic impacts on an even weighted system. Effective asset management planning supports Council to deliver its Community Plan as can be observed in the table below. Table 2: Community Plan Strategies and Asset Planning Objectives Community Plan 2015 Strategies 1.1 Enhance community well being, quality of life and social development through the provision of quality recreational and sporting opportunities. 1.4 Enhance the health and well being of the community through facilitating and regulating the provision of appropriate services and facilities. 2.4 Enhance and develop the unique cosmopolitan character of main street and shopping precincts within the City. 3.1 Ensure that urban development and infrastructure meet the changing needs of the community while maintaining the City s heritage, amenity and character. 3.3 Ensure that the City s water resources are harnessed and reliance on potable/mains water and the River Murray for irrigation is minimised. Asset Planning Goals and Objective Providing a defined level of service and monitoring performance against that service level. (Goal and Objective No. 3). Providing a defined level of service and monitoring performance against that service level (Goal and Objective No. 3). Continuous improvement in asset management practices ((Goal and Objective No. 7). Understanding and meeting the demands of growth through demand management and infrastructure investment (Goal and Objective No. 4). Understanding and meeting the demands of growth through demand management and infrastructure investment (Goal and Objective No. 4). Managing risks associated with asset failures (Goal and Objective No. 5). Sustainable use of physical resources (Goal and Objective No. 6). Page 6 of 26

11 Community Plan 2015 Strategies 3.4 Ensure the efficient use of energy and other natural resources within the management of Council s assets and operations. 3.5 Ensure the protection, enhancement and management of the natural and built environment of the City in order to strengthen its environmental sustainability. 3.7 Ensure the long term management of all Council assets. 3.8 Ensure a sustainable, safe and integrated transport system is developed and maintained for the community considering a balance between intra-city and inter-city demands. Asset Planning Goals and Objective Sustainable use of physical resources (Goal and Objective No. 6). Continuous improvement in asset management practices (Goal and Objective No. 7). Sustainable use of physical resources (Goal and Objective No. 6). Continuous improvement in asset management practices (Goal and Objective No. 7). Adopting a life cycle approach (Goal and Objective No. 1). Developing cost-effective management strategies for the long term (Goal and Objective No. 2). Continuous improvement in asset management practices (Goal and Objective No. 7). Understanding and meeting the demands of growth through demand management and infrastructure investment (Goal and Objective No. 4). Page 7 of 26

12 3.2 Asset Management Policy In 2006 the State Government undertook changes to the Local Government Act 1999 that required councils to develop and adopt strategic plans to ensure long term financial sustainability. To do this it required Council s to develop: 1. an Asset Management Policy; 2. Infrastructure and Asset Management Plans; and 3. a Long Term Financial Plan. An Asset Management Policy has been developed (refer Attachment 2) and was adopted by Council on 23 February 2009 (Council report 424/2009). The purpose of an Asset Management Policy is outlined in the International Infrastructure Management Manual: Asset Management Policy and strategy development translates an organisation s broad strategic outcomes and plans into specific objectives, targets and plans relevant to a particular portion of the organisation. An adopted Asset Management Policy provides the framework which, together with the Community Plan 2015, enables the asset management strategy and specific objectives, targets and plans to be produced. An Asset Management Policy establishes a framework and principles for the long term management of community assets and will assist the Council to fulfil its obligations. Furthermore, the policy will enable: effective financial planning; planning for and access to grant funding opportunities; engagement in long term planning for services; provision of appropriate assets for identified service needs; security for community lessees to plan their service provision; transparent and effective decision making; and a City-wide context to the creation of future assets. Page 8 of 26

13 4. ASSET INVENTORY The asset inventory in Table 3, on the following page, has two replacement values for each asset category where the SAMP replacement values are based on the draft IAMPs completed to date, and the LTFP replacement values are based on the most recent valuations. It should be noted that many of the values do not equate and a key improvement initiative is for the two data bases to be consolidated. Further explanation for the discrepancies is detailed below. To substantiate the financial forecast determined for this SAMP, a comparison has been made between the two sets of values. As the totals are within 1.5% of each other, the financial indicators and financial forecast are valid for this SAMP. Details on the differences between the replacement values are as follows: Bridges, drainage Buildings, IT, plant and equipment Footpaths Kerb Open space Roads Trees Swimming Centre LTFP has lower capital values as the current valuation in the finance system was done 30/6/2006 with revaluation due 30/6/2011. IAMP was not completed at the time of preparing this SAMP, therefore LTFP figures have been adopted. IAMP forecasting did not account for driveway crossovers and pram ramps. Revaluation underway with revised IAMP and forecast to be completed May LTFP has lower capital values as the current valuation in the finance system was done 30/6/2007 with revaluation due 30/5/2012. LTFP includes Swimming Pool assets in Reserve Structures ($2,093,000) and values for the two ovals and tennis courts therefore higher replacement value than IAMP. IAMP forecasting did not account for the increased cost of paving for King William Road ($6,000,000 difference in cost) and there have been no revaluation adjustments in the IAMP data since (Note: financial forecast for roads was manually adjusted in this SAMP to reflect increased cost.) Non-capitalised asset therefore not included in Finance s data. Replacement value determined as 27,300 trees at $220 each. LTFP has Swimming Centre assets split between Buildings and Open Space structures. The figures for the draft IAMP replacement value are from Maloneys Valuation Page 9 of 26

14 Strategic Asset Management Plan Table 3: Assets covered by this Plan Asset category LTFP Replacement Value SAMP Replacement Value Bridges 34 vehicular and 17 pedestrian bridges $5,555,000 $6,922,790 Buildings 106 buildings ranging from the Civic Centre through to public toilets and $48,624,000 $48,624,000 sheds Drainage 76 kilometres of pipe drainage, 12.4 kilometres of lined creek and 1,641 $54,124,000 $62,121,000 side entry pits Footpaths 330 Kilometres of footpath and 2.5 kilometres of bike path $34,241,000 $29,804,739 Information Technology Kerb and Water Table Open Space 333 items of hardware and 33 items of software $4,118,000 $4,118, kilometres of various types of kerbing and road drainage $20,607,000 $19,253,195 2 ovals, 26 playgrounds, 7 parks with tennis courts and various other structures and lighting $8,995,000 $4,627,337 Plant and Equipment Fleet cars, minor plant, major plant and workshop minor plant $5,664,000 $5,664,000 Roads 156 kilometres of roads, kilometres of laneways, 3,500 signs and $174,192,000 $165,627, kilometres of line marking. * Trees 22,300 street trees and 5,000 park trees $6,006,000 Swimming Centre 1 x 50 meter pool, two junior pools and buildings $4,559,710 TOTAL: $356,120,000 $351,321,791 * Non-capitalised asset, therefore value amount ($6,006,000) not included in Replacement Value total. Page 10 of 28

15 5. FUTURE DEMAND The IAMPs developed to date have considered factors that may influence demand for assets and potential methods for managing this demand. The key factors identified are: Population growth; Changing demographics; Housing density; Climate change; and Changes in technology Although Changes in technology will have an impact, this can be difficult to predict. Therefore the financial forecasts in the IAMPs are based on current technologies and service provision methodologies. Technology changes include construction materials and techniques, maintenance techniques, operational practices, information systems and externalities impacting on the assets (i.e. a change in preferred travel method from private cars to bicycles or public transport). The factors which will influence demand for assets will also influence: Future operations, maintenance and renewal requirements; Management of existing assets; Upgrading existing assets when demand is understood; and Decisions regarding provision of new assets. An example of a basic Demand Management Plan is outlined below. Table 4: Demand Management Plan Summary Service Activity Capacity of local storm water system to handle existing and increased flows. Capacity of regional storm water creek system that continues to place properties at risk of flooding. Need for new assets such as car parking facilities as a result of urban development. Provision of community based activities from community centres and sporting facilities. Demand Management Plan A Storm Water Master Plan has been endorsed by Council but will require approximately $15 million to implement over the next 30 years. The Council, along with four other metropolitan councils, has plans to mitigate flooding. This plan, however, will require the City of Unley to contribute $10 million. Ensure that all commercial or major developments provide funds to enable supply of sufficient car parking space. Ensure Council has an endorsed plan (Strategic Building Review) that ensures appropriate building resources are available to deliver needed services. Page 11 of 28

16 Service Activity Provision of ongoing asset replacement in light of limited oil availability and carbon based trading. Provision of new assets above those already owned by the City and its community. Demand Management Plan Look at alternative material that minimise use of crude oil as a base material and at the same time look to maximise life of oil based assets to ensure source is available and carbon tax is minimised. Develop a process that identifies and explains the cost of delivering new assets or changed services such that the Council recognises the full life cycle cost of delivering new assets. The State Government 30-year Plan for Greater Adelaide (including the Eastern Adelaide Region) and Unley s strategy for a sustainable local city, both seek a growth in population, focused on main road transit corridors and key residential precincts convenient to services, employment and the Adelaide CBD. Development in the inner city reduces pressure for urban sprawl, underpins the local economy and maintenance of services and provides greater alternative housing opportunities. The existing valued heritage and character building areas can be largely maintained and much of the creeks and flood plain areas avoided for more intensive urban consolidation development. The new intensive development will comprise medium to high rise mixed use development (retail and/or commercial and residential above) along the key activity road corridors of Greenhill Road, Unley Road, Goodwood Road, King William Road, Glen Osmond Road, Anzac Highway and South Road, and medium rise residential development on Fullarton Road and key precincts around the western end of the tram line, Buttercup Bakery, Charles Street (Unley) and Julia Farr. In addition, a major opportunity for an integrated transit orientated development hub may occur in the longer term around the Keswick train station and Defence Barracks, including Anzac Highway, Greenhill Road, the Showgrounds and to the west and north in the West Torrens Council area. The improvement and maintenance of the creeks (flooding), open-space, roads, paths (pedestrian and cycle) and public realm generally (paving, landscaping, seating, signs, art, etc.) in these locations will need to support the new development. The Council is progressing Development Plan Amendments for planning policy change, with stage 1 for historic and character neighbourhoods approved in late 2009, and drafts being prepared for stage 2 for residential regeneration precincts and stage 3 for mixed use medium and high rise development on the priority (Greenhill and Unley Roads) key road transit corridors, for Council consideration in Page 12 of 28

17 6. SERVICE LEVELS Service levels are the link between community need, satisfaction and the cost of providing the service. Generally, a higher level of service costs more to deliver than a lower level of service. A decision to provide an increased level of service will usually require additional funding. A decision to reduce funding will generally result in lower service levels. Two service levels have been developed for each IAMP. They are: Community levels of service; and Technical levels of service. Community levels of service define the service from the customer perspective and can be measured by customer feedback and by Council s own data collection and measurement. Technical service levels define the way a service is planned and delivered and can be measure by comparing with industry best practice and customer satisfaction. Technical levels of service are developed, implemented and controlled in order to influence the community service levels. The customer and technical dimensions are usually dependent on each other, such that high technical quality contributes to high service quality. The technical levels of service will incorporate a minimum level of service, which is desirable, or industry practice (refer to Attachment 3 for example Service Plan). Future updates of the IAMPs will investigate and quantify desired levels of service using the SMART methodology that provides: Specific Measurable Achievable Relevant Time bound initiatives for both technical and community requirements. The levels of service reflected in the individual IAMP s include: Quality; Functionality; Safety; Condition; Amenity; Accessibility; and Cost effectiveness. The following flow chart is sourced from the Institute of Public Works Engineers Australia (IPWEA) and indicates this relationship and the need for continual review of asset management plans to ensure this financial sustainability. Page 13 of 28

18 Figure 1: Service Level Flow Chart STAKEHOLDER & LEGAL REQUIREMENTS & NEEDS ORGANISATIONAL STRATEGIC PLAN Vision, Mission, Goals, Objectives, Level of Service, Business Policies, Risk SERVICE PLANNING ASSET MANAGEMENT PLANS LONG TERM FINANCIAL PLAN Funding plan OPERATIONAL PLANS SERVICE DELIVERY at agreed service levels and cost Future service levels are generally based on the service level measures developed and documented in the IAMPs with the desired service levels selected to balance community needs and available resources. While the City of Unley community generally believes that it receives a high level of service (based on previous customer surveys) this level of service is not documented and has not been benchmarked against other local government authorities. One of the key improvements identified is the need to document the current level of service, consider whether the service level is appropriate and determine the resource implications. Page 14 of 28

19 7 RISK MANAGEMENT The process for managing City of Unley risks is consistent with the International Risk Management Standard ISO 31000:2009. It involves six key steps ensuring feedback through a monitoring and review process and appropriate communication and consultation. This process is represented in the table and flow chart below. Figure 2 Risk Assessment Principles for managing risk 2. Establish the context 1) Creates value 2) Integral part of organisational processes 3) Part of decision making 4) Explicitly addresses uncertainty 5) Systematic, structured & timely 6) Based on the best available information 7) Tailored 8) Takes human & cultural factors into account 9) Transparent & inclusive 10) Dynamic, iterative & responsive to change 11) Facilitates continual improvement & enhancement of the organisation 1. Communicate and consult 3. Indentify risks 4. Analyse risks 5. Evaluate risks 6. Treat risks Risk Assessment 7. Monitor and Review (ISO 31000:2009) The Council is committed to effective risk and opportunity management in order to: Improve its ability to deliver community priorities, services delivery and outcomes for the City of Unley; Maximise opportunities and minimise the impact and likelihood of risk; Protect its employees, assets, liabilities and its community by avoiding or mitigating losses; and Provide greater certainty for our employees, residents, stakeholders and the community in which we operate by understanding and managing our risks. As a result of this, the City of Unley has embraced Risk Management as part of its management process and the Council has recently considered and adopted a policy on Risk and Opportunity Management. This policy was adopted at the Council meeting of 24 May 2010 and can be found on the Council website Page 15 of 28

20 The policy seeks to: Add value to all the activities of the City of Unley; Assist in achieving the Council s goals and deliver programs and services within a tolerable level of risk; Embed risk and opportunity management into all management activities, critical business systems and processes; Ensure all risks are consistently assessed and managed within the City of Unley s risk and opportunity framework. The development of SAMPs also has a component of risk associated with the ownership of the various assets as well as their maintenance and replacement. To mitigate or minimise this risk, all IAMPs have undergone a risk evaluation (refer to Attachment 4 for Sample Risk Assessment). This risk plan will be used to drive improvement and development of processes within maintenance and replacement programs for the various assets. Page 16 of 28

21 8. LIFECYCLE MANAGEMENT PLAN All assets follow a defined lifecycle. This lifecycle includes creation, maintenance, upgrade, renewal and disposal. Significant time is spent on the decision to create a new asset; rather than the financial costs of maintaining that asset from creation through to its disposal or replacement. These costs are around five times the initial capital expenditure over the assets useful life as depicted in the figure below. Figure 3: Lifecycle Cost of an Asset Lifecycle cost of an asset Disposal Accumulative Cost ($) Renewal/Upgrade Maintenance Creation Maintenance Plan 8.1 Maintenance Plan Age Routine maintenance is the regular on-going work that is necessary to keep assets operating until the end of their useful life, including instances where portions of the asset fail and need immediate repair to make the asset operational again. The definition of maintenance used in the preparation of the SAMP and the individual IAMPs is: Recurrent expenditure, which is periodically or regularly required as part of the anticipated schedule of works required to ensure that the asset achieves its useful life and provides the required level of service. It is expenditure, which was anticipated in determining the asset s useful life. Page 17 of 28

22 The modelling behind the development of this SAMP indicates an increase in required maintenance commensurate with the level of new assets that are being constructed by Council. Future maintenance expenditure is forecast to trend in line with the value of the asset stock. Figure 4 shows the estimated maintenance expenditure across all the IAMP s developed so far. Note: all costs are shown in 2009 dollar values with no adjustments for price increases. It should also be noted that the scale of the figure below only ranges from $6.9m to $7.1m and as such the peaks and troughs are only relatively small. Figure 4: Planned Maintenance Expenditure $7,150 Forecast Maintenance Expenditure (20 year forecast period) $7,100 Projected Costs ($'000) $7,050 $7,000 $6,950 $6, Year 8.2 Renewal Plan Renewal expenditure is major work which does not increase the asset s design capacity but restores, rehabilitates, replaces or renews an existing asset to its original service potential. Figure 5 illustrates the projected capital renewal expenditure until 2029 and summarises costs. Note that all costs are shown in 2009 dollar values across all the IAMP developed thus far and have not been adjusted for price increases. Page 18 of 28

23 Figure 5: Projected Capital Renewal Expenditure Projected Capital Renewal Forecast (20 year forecast period) $25,000 $20,000 Projected costs ($'000) $15,000 $10,000 $5,000 $ Year In 2010 there is $13,727,289 of unfunded renewals (backlog) that has been identified during the development of IAMPs to date. The backlog identified is based on a theoretical date derived by comparing the estimated life of the asset with its actual construction date. These backlog assets have reached the end of their economic life, however many are still serviceable and therefore have not been programmed for replacement. Further analysis of the condition and performance of these assets compared to documented service levels will aid the rationalisation of this backlog and provide a program to manage their replacement as required. The primary areas contributing to the backlog are roads, kerbing and open space assets. Unfunded renewals in road seals are particularly critical as a seal beyond its useful life represents an increased risk of water entry into the pavement base with potential for premature failure of this more expensive asset (seal rates per square metre are around $16/m 2 with pavement rates being up at $125/m 2 ). When IAMPs are reviewed in detail and service levels adopted over the next months, further analysis will be undertaken to provide recommendations to manage the backlog and the renewal program. In 2020 in Figure 5 above, there is $15,247,459 of capital renewal forecast that is predominantly attributed to drainage and roads. In 2024, the $10,342,375 capital renewal forecast mainly comprises buildings and footpaths. Page 19 of 28

24 8.3 New Assets A considerable financial challenge facing Council is from the creation of new assets and the future funding of these assets over their lifecycle. Lifecycle costs of these assets will usually be up to five times the cost of purchase or construction. A number of large infrastructure projects are planned in the next 5-10 years including: 1. Brown Hill/Keswick Creek Flood Mitigation Project; 2. Council s Storm Water Master Plan; 3. Strategic Building Review; 4. Open Space Strategy; and 5. Alternative Water Plan. The creation of new assets should not be considered unless Council has financial capacity in its LTFP that provides sufficient funds annually for maintenance and renewal. Proposed new asset expenditures across all the IAMPs is summarised in Figure 6. All costs are shown in 2009 dollar values and have not been adjusted for price increases. Figure 6: Planned Capital New Asset Expenditure New Assets Forecast (20 year forecast period) $5,000 $4,500 $4,000 $3,500 Projected costs ($'000) $3,000 $2,500 $2,000 $1,500 $1,000 $500 $ Year Page 20 of 28

25 8.4 Disposal Plan Disposal includes any activity associated with disposal of a decommissioned asset including sale, demolition or relocation. Each of the IAMPs has considered assets for disposal (where appropriate). Plant and Equipment and Information Technology assets have relatively short lifecycles and may have a residual value identified in a disposal plan. Page 21 of 28

26 9. FINANCIAL PROJECTIONS SUMMARY The development of a 20 year long term renewal program for all infrastructure assets from this SAMP provides direct input into Council s 10 year Long Term Financial Plan (LTFP). The purpose of an IAMP is to identify the level of service required and to balance that against funding levels. This defined level of service is then reflected in the 10 year LTFP to provide the service in a sustainable manner. This section contains the aggregated financial requirements resulting from the information presented in all the IAMP s and projects this financial requirement over the next 20 years. 9.1 Financial Statements and Projections The financial projections for the next 20 years are shown in Figure 6 (see page 20) for planned operating (operations and maintenance) and capital expenditure (renewal and upgrade/expansion/new assets) across all asset groups. Figure 7. Planned Operating and Capital Expenditure Projected Operating & Capital Expenditure (20 year forecast period) $40,000 $35,000 $30,000 Projected Costs ($'000) $25,000 $20,000 $15,000 New Assets Renewals Maintenance $10,000 $5,000 $ Year Note that all costs are shown in current 2009 dollar values and are not adjusted to reflect movements in the cost of asset provision. Page 22 of 28

27 Figure 8: Projected Renewals and Depreciation Average Renewal and Average Depreciation $25,000 $20,000 Proected Costs ($,000) $15,000 $10,000 Projected Renewal Depreciation Average Renewal $5,000 $ Year Table 5 below shows the gap between projected and planned renewals and the annual and cumulative funding gap between projected and planned renewals. Table 5: Projected Renewals and Funding Gap Page 23 of 28

28 A gap between projected renewals and current renewals generally indicates that further work is required to manage service levels and funding to eliminate any funding gap. It must be noted that the figures reported in this SAMP are: Based on draft IAMPs produced to date. Based on unfunded backlog works that require further investigations. Based on a depreciation rate that is not being adjusted to reflect new assets and capitalised renewal work. Not allowing for any grant funding availability. Page 24 of 28

29 10. Draft Improvement Program In early 2010 Council engaged the services of consultants Morrison Low to undertake a review of the methodology, unit rates and assumptions contained within the draft asset plans developed to date. This review concluded that: The initiation of a structured asset management planning program at the City of Unley has had an immediate and positive impact on the approach to ensuring long term sustainability of assets across all categories The forecast data and information in the plans appears accurate and relevant, and whilst not yet complete the works gives enough of an indication that when each of the asset management plans are completed they will provide an important tool with which to support Council s Long Term Financial Plan and strategic initiatives. While Morrison Low endorsed the Asset Management Plan development to date, it suggested that a number of improvements need to occur. The recommendations included: Provision of additional resources to support asset management processes; Preparation of an overall Strategic Asset Management Plan (SAMP); Incorporating the financial forecasts from SAMP into the LTFP; Defining and review of service levels; Develop a graphically based risk management tool; Prepare a consolidated improvement program; and Further development of a condition based assessment for each asset class. The SAMP and associated IAMPs have been prepared in accordance with the International Infrastructure Management Manual. They have been prepared to meet minimum legislative and organisational requirements for sustainable service delivery and long term financial planning and reporting. The Asset Management Plan Review undertaken by Morrison Low has indicated that the Council can be confident that the work that informs this document is sound. The Review also provided valuable information to inform the Improvement Plan (refer Table 6) for Asset Plans. Future revisions of this SAMP and IAMP will move into more advance asset planning processes to refine the existing asset management processes to support the optimisation of activities and programs to meet agreed service levels. This SAMP has been based on existing data or newly collected data as part of the individual IAMP. It is anticipated that the plans will be revised and enhanced over the next two years, the emphasis of which will be to manage the long term funding gap. A key component in each of the plans is the improvement plan or a list of tasks requiring completion between now and the next revision of the plans. Table 6 is a consolidated Draft Improvement Plan. Page 25 of 28

30 Table 6 Draft Improvement Plan Create: Review: Improve: Asset Plan for: Asset Plan for: Asset Register Buildings Information Technology Plan & Equipment Swimming Pool Trees Car parks Public Lighting Bridges Drainage Footpaths Kerbing and Water Table Open Space Roads Service Standard (Service Service Standard (Service Available data on the Levels) for: Levels) for: condition and lifecycle of Building Assets. Kerbing and Water Table Open Space Roads Buildings Information Technology Plan & Equipment Drainage Footpaths Bridges Swimming Pool Trees Useful life of each Asset as part of the creation and review of Asset Plans. Long Term Financial Plan as a result of new and revised Asset Plans. Internal process such as: Revaluation processes Ongoing identification of new assets Records management for assets Resources for Asset Planning Page 26 of 28

31 Create: Review: Improve: Service delivery strategies as part of the development and reviews of each Asset P lan. Risk based approach to Asset Management (including development to of assessment tools). Undertake risk asse ssments for Bridges Kerbing and Water Table Open Space Buildings Information Technology Plan & Equipment Swimming Pool Trees Revi ew risk assessment for Footpaths Drainage Roads Asset Database. Lifecycle cost analysis of projects. Consolidation of databases via revaluation process. Page 27 of 28

32 11. CONCLUSION The City of Unley commenced its Asset Management journey approximately three years ago. To date draft IAMPs hav e been completed for: Bridges; Drainage; Footpaths; Kerbing and Water Table; Open Space; and Roads. Plans are also currently being developed for the following: Buildings; Information Technology; Plant and Equipment; Swimming Pool; Trees; Car Parks; and Public Lighting. This SAMP presents consolidated information for the asset management work undertaken to date and provides direction through improvement initiatives to ensure a better understanding of what is required to implement and integrate asset planning into Council's processes. This initial SAMP enables Co uncil to benchmark where it is in the asset planning journey. It provides measures and direction to track improvement initiatives as Council continues to move towards more sophisticated and integrated asset management practices and therefore more effective and sustainable service to its community. Page 28 of 28

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY City of Salisbury ASSET MANAGEMENT STRATEGY Version 6 June 2015 City of Salisbury Asset Management Strategy Document Control Document Control NAMS.PLUS Asset Management www.ipwea.org/namsplus Document

More information

Page 1 of 24. To present the Asset Management Policy 2014 for Council adoption.

Page 1 of 24. To present the Asset Management Policy 2014 for Council adoption. Page 1 of 24 COMMUNITY AND SERVICES SPECIAL COMMITTEE REPORT 9 DECEMBER 2104 AGENDA ITEM 6.1 ASSET MANAGEMENT POLICY 2014 REVIEW Director: Manager: Ian Butterworth Director Infrastructure and Engineering

More information

4 Adoption of Asset Management Policy and Strategy

4 Adoption of Asset Management Policy and Strategy 4 Adoption of Asset Management Policy and Strategy Abstract The report recommends the adoption of an updated Asset Management Policy 2014 and an Asset Management Strategy 2014-2019. Both documents are

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY ASSET MANAGEMENT STRATEGY Version 3 - Final Adopted 19 February 2013 NAMS.PLUS Burnie City Council Asset Strategy Document Control Document Control NAMS.PLUS Asset www.ipwea.org.au/namsplus Document ID:

More information

CGAM022.1/12/10. Asset Management Improvement Strategy 2010

CGAM022.1/12/10. Asset Management Improvement Strategy 2010 Asset Management Improvement Strategy 2010 Version Control Version No. Date Details Author/s 1.0 July 2009 Adopted Strategy 2.0 October 2010 Update TABLE OF CONTENTS OF CONTENTS 4 OF THE ASSET MANAGEMENT

More information

Asset Management. Framework and Guidelines. Part 2 - Asset Management Guidelines for Western Australian Local Governments p1.

Asset Management. Framework and Guidelines. Part 2 - Asset Management Guidelines for Western Australian Local Governments p1. Asset Management Framework and Guidelines Part 2 - Asset Management Guidelines for Western Australian Local Governments p1. Contents Foreword 4 Part 1 Asset Management Framework 5 1. Introduction 7 2.

More information

Glenorchy City Council Asset Management Strategy for Infrastructure Assets

Glenorchy City Council Asset Management Strategy for Infrastructure Assets Glenorchy City Council Asset Strategy for Infrastructure Assets 2014/15 to 2017/18 Version 1.3 June 2014 Glenorchy City Council Asset Strategy for Infrastructure Assets Document Control Document Control

More information

City of Canning. Asset Management Strategy 2015 2018

City of Canning. Asset Management Strategy 2015 2018 City of Canning Asset Management Strategy 2015 2018 Document Control Version No Version Date Description TRIM Reference 1.0 11 December 2012 Asset Management Strategy D12/68776 2.0 23 September 2015 Updated

More information

Infrastructure Asset Management Strategy

Infrastructure Asset Management Strategy Infrastructure Asset Management Strategy Strategy Owner Manager Parks and Assets Engineering and Infrastructure Creation Date 27 March 2006 Revision Date 4 March 2015 Please check Council s Intranet to

More information

Long Term Financial Plan 2014 2023 Adopted December 2013

Long Term Financial Plan 2014 2023 Adopted December 2013 Long Term Financial Plan 2014 2023 Adopted December 2013 District Council of Mallala CONTENTS 1 Introduction 1 2 Planning Framework 2 3 Assumptions 7 4 Summary & Financial Statements 10 Estimated Comprehensive

More information

Long Term Financial Planning

Long Term Financial Planning Long Term Financial Planning Framework and Guidelines Long Term Financial Planning Framework and Guidelines for Western Australian Local Governments p1. Contents Foreword 4 1. Introduction 7 2. Purpose

More information

Council Policy: Asset Management

Council Policy: Asset Management Classification: Council Policy: Asset Management Council Policy First Issued: 7 November 2006 Dates of Review: 4 March 2014 Version Number: 2 DW Doc set ID: 459426 Next Review Due: 4 March 2019 Applicable

More information

Campbelltown City Council Asset Management Strategy 2012-2022

Campbelltown City Council Asset Management Strategy 2012-2022 Campbelltown City Council Asset Management Strategy 2012-2022 Disclaimer This document was first published on 1 July 2012. The information contained in this document is to be considered general in nature

More information

Long-Term Asset Management Plan 2011-2021

Long-Term Asset Management Plan 2011-2021 Long-Term Asset Management Plan 2011-2021 Contents Introduction...3 A shared vision...4 Strategic planning to achieve our goals...4 Towards 2031...5 A long-term vision, communicated by our community...5

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY Wattle Range Council ASSET MANAGEMENT STRATEGY Version February 2014 V1 Wattle Range Council Asset Management Strategy Document Control Document Control NAMS.PLUS Asset Management www.ipwea.org.au/namsplus

More information

1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3

1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3 ASSET MANAGEMENT STRATEGY 2010-2020 November 2009 1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3 4. WESTERN AUSTRALIAN ASSET MANAGEMENT IMPROVEMENT PROGRAM

More information

16. ASSET MANAGEMENT POLICY

16. ASSET MANAGEMENT POLICY 16. ASSET MANAGEMENT POLICY Asset Management Policy Document No.: WT-HRM-16.00 Approved By: Council Issue No.: 1.00 Approved On: 10 June 2014 Responsibility: Infrastructure Services Department Review Date:

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY ASSET MANAGEMENT STRATEGY Adopted May 2011 Table of Contents Page 1. Introduction 3 2. Purpose 4 3. Asset Register System 4 4. Asset Management Working Group 4 5. Asset Management Plans 5 6. Condition

More information

Asset Management Plan

Asset Management Plan Wandering Shire Council Roads Asset Management Plan TABLE OF CONTENTS 1 Executive Summary... 2 Context... 2 Questions you may have... 4 2. INTRODUCTION... 5 2.1 Background... 5 2.2 Goals and objectives

More information

LONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23

LONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23 LONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23 INTRODUCTION Long term financial planning is a key element of the Integrated Planning and Reporting Framework. It is the mechanism that enables local

More information

Asset Management Policy

Asset Management Policy Printed copies of this document are uncontrolled. Before using this printed copy, check Council's Intranet to verify that this is a current copy. Asset Management Policy Reference Number: 4.7 Classification:

More information

Session 1 Asset Management and Financial Planning

Session 1 Asset Management and Financial Planning Session 1 Asset Management and Financial Planning Based on Australian Infrastructure Financial Management Guidelines John Howard, IPWEA NAMS.AU Project Manager Jeff Roorda & Associates AASHTO Workshops

More information

Asset Management Plan Overview

Asset Management Plan Overview Council Strategy Asset Management Plan Overview City of Albany 2013 File Ref: CM.STD.6 Synergy Ref: NMP1331749 102 North Road, Yakamia WA 6330 Version: 25/06/2013 PO Box 484, ALBANY WA 6331 Tel: (08) 9841

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY ASSET MANAGEMENT STRATEGY Page 1 of 15 TABLE OF CONTENTS 1. INTRODUCTION...3 2. THE ASSET LIFECYCLE...3 2.1 Asset Planning...5 2.2 Asset Creation / Acquisition...6 2.3 Asset Operations...7 2.4 Asset Maintenance...7

More information

Asset Management Plan

Asset Management Plan BUILDING Asset Management Plan Version 1 May 2013 Document Control Document ID: Buildings AMP 2013 Rev No Date Revision Details Author Reviewer Approver 1 22 May 2013 JN RG WI Copyright 2012 All rights

More information

Financial Management (Sustainability) Guideline 2013 Version 1.1

Financial Management (Sustainability) Guideline 2013 Version 1.1 Financial Management (Sustainability) Guideline 2013 Version 1.1 For the purposes of explaining the concept of sustainability and to provide guidance for calculating the relevant financial sustainability

More information

Building Infrastructure Asset Management Plan

Building Infrastructure Asset Management Plan Building Infrastructure Asset Management Plan Version 1.1 Building Infrastructure Asset Management Plan (Version 1.1) Page 1 of 19 Document Control Council policy documents change from time to time and

More information

GLAMORGAN SPRING BAY COUNCIL. Asset Management Strategy

GLAMORGAN SPRING BAY COUNCIL. Asset Management Strategy GLAMORGAN SPRING BAY COUNCIL Asset Management Strategy Table of Contents Introduction... 3 Vision... 3 Objective of the Asset Management Strategy... 4 Aim of the Asset Management Strategy... 4 Links to

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY ASSET MANAGEMENT STRATEGY 2015-2019 The Darebin City Council acknowledges that the general format of this strategy and some content has been developed by the Cardinia Shire Council in their Asset Management

More information

Financial and Asset Management. Glossary of Terms and Abbreviations

Financial and Asset Management. Glossary of Terms and Abbreviations Financial and Asset Management Glossary of Terms and Abbreviations ABP see Annual Business Plan Accrual accounting: An accounting approach by which expenses, revenue, assets and liabilities are recognised

More information

Wandering Council Draft Plant Asset Management Plan

Wandering Council Draft Plant Asset Management Plan Wandering Council Draft Plant Asset Management Plan TABLE OF CONTENTS EXECUTIVE SUMMARY... 2 Context... 2 1 INTRODUCTION... 2 1.1 Background... 2 1.2 Goals and Objectives of Asset Management... 3 1.3 Pla

More information

Asset Management Plan

Asset Management Plan Asset Management Plan Shire of Woodanilling Version 1 Adopted 12 August 2013 Prepared By: Marie Sorrell Building Asset Management Consultant Opus International Consultants (PCA) Ltd Approved for Release

More information

Report of the Auditor-General No. 5 of 2013-14. Infrastructure Financial Accounting in Local Government. Strive Lead Excel To Make a Difference

Report of the Auditor-General No. 5 of 2013-14. Infrastructure Financial Accounting in Local Government. Strive Lead Excel To Make a Difference Report of the Auditor-General No. 5 of 2013-14 Infrastructure Financial Accounting in Local Government December 2013 Strive Lead Excel To Make a Difference The Role of the Auditor-General The Auditor-General

More information

LONDON BOROUGH OF HAVERING

LONDON BOROUGH OF HAVERING LONDON BOROUGH OF HAVERING CORPORATE ASSET MANAGEMENT PLAN 2015-2019 Sections LONDON BOROUGH OF HAVERING CORPORATE ASSET MANAGEMENT PLAN CONTENTS 1 Introduction and Context 2 Corporate Vision 3 Policy

More information

Asset Management Strategy

Asset Management Strategy Asset Management Strategy File Ref: CM.STD.6 Synergy Ref: NMP1331737 Version: 25/06/2013 City of Albany 2013 102 North Road, Yakamia WA 6330 PO Box 484, ALBANY WA 6331 Tel: (08) 9841 9333 Fax: (08) 9841

More information

Asset Management Plan

Asset Management Plan City of Mitcham Stormwater Asset Management Plan Scenario 1 Version 8 June 2015 FINAL City of Mitcham STORMWATER ASSET MANAGEMENT PLAN Document Control Document ID : Mitcham SW AMP Dec14.doc Rev No Date

More information

DRAFT 2016 Budget and 2017-18 Financial Plan

DRAFT 2016 Budget and 2017-18 Financial Plan DRAFT 2016 Budget and 2017-18 Financial Plan Presentation to Special Council Council Chamber 1 Strategy Map Outlines Vaughan s vision, mission, values Brings focus and alignment to position City for success

More information

2015-16 LONG TERM FINANCIAL PLAN

2015-16 LONG TERM FINANCIAL PLAN DECISION REPORT REPORT TITLE: ITEM NUMBER: 1 2015-16 LONG TERM FINANCIAL PLAN DATE OF MEETING: 24 FEBRUARY 2015 AUTHOR: RESPONSIBLE OFFICER: JOB TITLE: MICHAEL CAREY STEPHEN FAULKNER GENERAL MANAGER PEOPLE

More information

HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION

HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION P1 P2 CONTENTS Executive Summary Financial Results Future

More information

INFRASTRUCTURE AND ASSET MANAGEMENT PLAN. Buildings & Structures

INFRASTRUCTURE AND ASSET MANAGEMENT PLAN. Buildings & Structures Wakefield Regional Council INFRASTRUCTURE AND ASSET MANAGEMENT PLAN for Buildings & Structures Adopted 26 November 2008, Minute 105 Document Control Document ID: 59_04_070905_lgasa_iamp template v11 Rev

More information

2. CORPORATE POLICIES 2.3 OTHER CORPORATE 2.3.11 Asset Management Policy

2. CORPORATE POLICIES 2.3 OTHER CORPORATE 2.3.11 Asset Management Policy 2. CORPORATE POLICIES Background & Issues Local Government across Australia is facing the challenge of building, operating and maintaining vital infrastructure necessary for the well-being of their communities.

More information

Slough Borough Council. Highway Asset Management Strategy

Slough Borough Council. Highway Asset Management Strategy Slough Borough Council Highway Asset Management Strategy OUR AMBITION USING RESOURCES WISELY By 2019 the Council s income and the value of its assets will be maximised 1 Key Priorities 1.1 We understand

More information

Environment Committee 11 January 2016

Environment Committee 11 January 2016 Environment Committee 11 January 2016 Title Whole Life Costing of Footway Maintenance Treatments and Scheme Prioritisation Report of Wards Status Urgent Key Enclosures Commissioning Director, Environment

More information

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 INDEX TO CONTENTS 1. Long Term Financial Planning Defined 1.1 Purpose 1.2 Principles 1.3 CEO Statement on Financial Sustainability 2. Impacts upon the Current

More information

SUMMARY: LAND TRANSPORT ASSET MANAGEMENT PLAN

SUMMARY: LAND TRANSPORT ASSET MANAGEMENT PLAN SUMMARY: LAND TRANSPORT ASSET MANAGEMENT PLAN Introduction This Asset Management Plan (AMP) for Land Transport Network 2012 describes in detail how the District s land transport network will be managed

More information

Asset Management Strategy. High-performing and sustainable assets

Asset Management Strategy. High-performing and sustainable assets Asset Management Strategy High-performing and sustainable assets DISTRIBUTION SCHEDULE Revision No. Date Distribution Reference R1.0 19 September 2012 R1.1 25 September 2012 Issued to KPMG for review R1.2

More information

Asset Management Policy

Asset Management Policy Asset Management Policy July 2014 Purpose The purpose of this Asset Management Policy is to guide sustainable management of Council s assets to meet current and future community needs. Scope Council's

More information

Roads and Footpaths Infrastructure Asset Management Plan

Roads and Footpaths Infrastructure Asset Management Plan Roads and Footpaths Infrastructure Asset Management Plan Version 2a November 2012 This page is left blank intentionally Prepared By: Rob Damhuis Senior Transport Asset Management Consultant Opus International

More information

ITEM 2. 2015/16 QUARTER 1 REVIEW - DELIVERY PROGRAM 2014-2017

ITEM 2. 2015/16 QUARTER 1 REVIEW - DELIVERY PROGRAM 2014-2017 ITEM 2. 2015/16 QUARTER 1 REVIEW - DELIVERY PROGRAM 2014-2017 FILE NO: S096187 SUMMARY This report reviews the operating and capital results against budget for the 2015/16 financial year and progress against

More information

Plant Equipment and Emergency Services Asset Management Plan

Plant Equipment and Emergency Services Asset Management Plan Kyogle Council Plant Equipment and Emergency Services Asset Management Plan Version 2.01 May 2012 Document Control Plant Equipment and Emergency Services Asset Management Plan Document ID: kyogle_plant_amp_v2

More information

A Guide For Preparing The Financial Information Component Of An Asset Management Plan. Licensing, Monitoring and Customer Protection Division

A Guide For Preparing The Financial Information Component Of An Asset Management Plan. Licensing, Monitoring and Customer Protection Division A Guide For Preparing The Financial Information Component Of An Asset Management Plan Licensing, Monitoring and Customer Protection Division July 2006 Contents 1 Important Notice 2 2 Scope and purpose

More information

Lake Macquarie City Council Asset Management Strategy and Asset Management Plans. Table of Contents

Lake Macquarie City Council Asset Management Strategy and Asset Management Plans. Table of Contents Lake Macquarie City Council Asset Management Strategy and Asset Management Plans Table of Contents 1. Lake Macquarie Asset Management Strategy 2010-2020- Version 3, April 2013 2. Roads and Infrastructure

More information

2015-2025. LONG TERM FINANCIAL PLAN Page 1

2015-2025. LONG TERM FINANCIAL PLAN Page 1 2015-2025 LONG TERM FINANCIAL PLAN Page 1 1. Executive Summary... 4 2. Background... 5 2.1 Key Statistics... 5 2.2 City of Perth Strategic Priorities... 5 3. Integrated Planning and Reporting Framework...

More information

Asset Management Strategy

Asset Management Strategy Asset Management Strategy City of Stonnington April 2011 Odysseus-imc Pty Ltd APPROVAL FUNCTION NAME DATE Checked by S. Muir 4 Mar 2011 Reviewed by T. Griffin 6 Mar 2011 Approved by S. Muir 4 April 2011

More information

KEEP IT SIMPLE, SENSIBLE ASSET MANAGEMENT

KEEP IT SIMPLE, SENSIBLE ASSET MANAGEMENT KEEP IT SIMPLE, SENSIBLE ASSET MANAGEMENT Murali K G mkg@charlessturt.sa.gov.au Asset Management Co-ordinator City Of Charles Sturt SA Abstract Local Governments (LG) throughout Australia have been practicing

More information

Warringah Council Policy Policy No. Number Financial Planning & Sustainability Policy

Warringah Council Policy Policy No. Number Financial Planning & Sustainability Policy Warringah Council Policy Policy No. Number 1 Purpose of Policy The purpose of this policy is to establish the strategic financial planning and sustainability framework to guide Council when developing

More information

Asset Management Policy

Asset Management Policy Asset Policy DETAILS Council Admin Effective from: July 2015 Contact officer: Executive Coordinator Strategic Asset, Corporate Asset Next review date: June 2017 File reference: LG343/1045/03/01 ispot #

More information

Waste Management Action Plan 2011-2015

Waste Management Action Plan 2011-2015 Waste Management Action Plan 2011-2015 Approved on: 7 June 2011 Owner: Program Manager, 8203 7723 Trim Reference: ACC2011/77875 Next Review Date: June 2014 Executive Summary This Waste Management Action

More information

Rate Setting, Asset Management and Financial Sustainability. A guide for local governments June 2013

Rate Setting, Asset Management and Financial Sustainability. A guide for local governments June 2013 Rate Setting, Asset Management and Financial Sustainability A guide for local governments June 2013 1 Rate Setting, Asset Management and Financial Sustainability A guide for local governments June 2013

More information

Financial Sustainability Information Paper 8. Long-term Financial Plans

Financial Sustainability Information Paper 8. Long-term Financial Plans Financial Sustainability Information Paper 8 Long-term Financial Plans Revised January 2012 Introduction This Information Paper is one of a series of Information Papers about Financial Sustainability and

More information

The Asset Management Landscape

The Asset Management Landscape The Asset Management Landscape ISBN 978-0-9871799-1-3 Issued November 2011 www.gfmam.org The Asset Management Landscape www.gfmam.org ISBN 978-0-9871799-1-3 Published November 2011 This version replaces

More information

Sustaining Local Assets. Local government asset management policy statement

Sustaining Local Assets. Local government asset management policy statement Sustaining Local Assets Local government asset management policy statement December 2003 ISBN 0 646 42106 9 Authorised by the Victorian Government Address: Local Government Victoria Department for Victorian

More information

Water Security Action Plan 2011-2016

Water Security Action Plan 2011-2016 Water Security Action Plan 2011-2016 Approved on: 30 May 2011 Owner: Program Manager, Sustainable City 8203 7723 Trim Reference: ACC2011/59983 Net Review Date: 2013 1 1. Introduction Why Has Council Developed

More information

Shire of Northam. Strategic Community Plan 2012-2022

Shire of Northam. Strategic Community Plan 2012-2022 commerce lifestyle heritage Shire of Northam Strategic Community Plan 2012-2022 TABLE OF CONTENTS The Strategic Community Plan is the principal planning document for the Shire of Northam and will provide

More information

1. The purpose of this report is to seek a formal response to each of the recommendations contained in the Peoples Panel Report.

1. The purpose of this report is to seek a formal response to each of the recommendations contained in the Peoples Panel Report. Committee report to Council Agenda item 5.1 Council Panel recommendations on the 10 Year Financial Plan 25 November 2014 Committee Future Melbourne (Finance) Presenter Phu Nguyen, Chief Financial Officer

More information

Waverley Council Strategic Asset Management Plan (SAMP4) MARCH 2013

Waverley Council Strategic Asset Management Plan (SAMP4) MARCH 2013 Waverley Council Strategic Asset Management Plan (SAMP4) MARCH 2013 WAVERLEY COUNCIL Asset Management Policy March 2013 Waverley Council is committed to ensuring that: Waverley s assets are well maintained

More information

INFRASTRUCTURE AND ASSET MANAGEMENT PLANS SUMMARY

INFRASTRUCTURE AND ASSET MANAGEMENT PLANS SUMMARY INFRASTRUCTURE AND ASSET MANAGEMENT PLANS SUMMARY 2008 Revision 1.0 Document Control Document ID: Infrastructure and Asset Management Plan Summary Rev No Date Revision Details Author Approved by 0.0 Mar

More information

BUILDING INFRASTRUCTURE AND ASSET MANAGEMENT PLAN. Adelaide City Council Building Infrastructure And Asset Management Plan 2008

BUILDING INFRASTRUCTURE AND ASSET MANAGEMENT PLAN. Adelaide City Council Building Infrastructure And Asset Management Plan 2008 BUILDING INFRASTRUCTURE AND ASSET MANAGEMENT PLAN 2008 Document Control Document ID: ACC Building Infrastructure Asset Management Plan 2008 Rev No Date Revision Details Author Approved by 1 Mar 08 Draft

More information

Highway Asset Management Strategy

Highway Asset Management Strategy 1. Introduction 1.1. Cheshire East Council (CEC) recognises the importance of its highway infrastructure and how an effectively maintained and managed network contributes to the achievement of its corporate

More information

CORPORATE BUSINESS PLAN 2014-2017

CORPORATE BUSINESS PLAN 2014-2017 CORPORATE BUSINESS PLAN 2014-2017 Contents Introduction Introduction 1 Background 2 The Integrated Planning Framework Informing Plans and Strategies 4 Vision and Values 8 Business Decision Making Framework

More information

WORKFORCE PLAN Page 1

WORKFORCE PLAN Page 1 2015 2019 WORKFORCE PLAN Page 1 Contents 1. Introduction... 3 2. Developing the Plan... 6 3. Organisational Structure... 9 4. Workforce Profile... 10 5. Workforce Requirements... 11 6. Workforce Strategies...

More information

TEC Capital Asset Management Standard January 2011

TEC Capital Asset Management Standard January 2011 TEC Capital Asset Management Standard January 2011 TEC Capital Asset Management Standard Tertiary Education Commission January 2011 0 Table of contents Introduction 2 Capital Asset Management 3 Defining

More information

The City of Owen Sound Asset Management Plan

The City of Owen Sound Asset Management Plan The City of Owen Sound Asset Management Plan December 013 Adopted by Council March 4, 014 TABLE OF CONTENTS 1 EXECUTIVE SUMMARY... 1 INTRODUCTION....1 Vision.... What is Asset Management?....3 Link to

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy The Revenue and Financing Policy explains how the Council funds each activity it is involved in and why. Council provides a number of distinct activities and services to its

More information

INTEGRATED PLANNING AND REPORTING

INTEGRATED PLANNING AND REPORTING Government of Western Australia Department of Local Government INTEGRATED PLANNING AND REPORTING Framework and Guidelines Integrated Planning and Reporting Framework and Guidelines p1. Contents Foreword

More information

A Proud Community Growing Together

A Proud Community Growing Together A Proud Community Growing Together Melton City Council Asset Management Plan 2014-2018 1.0 Executive Summary Asset Management Plan 13 1.1 Purpose (The Asset Management Plan) 13 1.2 Asset Types in the City

More information

City of Holdfast Bay. Long Term Financial Plan 2012/13 2031/32

City of Holdfast Bay. Long Term Financial Plan 2012/13 2031/32 City of Holdfast Bay Long Term Financial Plan 2012/13 2031/32 1 Framework The Local Government Act requires councils to have strategic management plans which must address: the sustainability of its financial

More information

INFORMATION COMMUNICATION TECHNOLOGY ASSET MANAGEMENT PLAN

INFORMATION COMMUNICATION TECHNOLOGY ASSET MANAGEMENT PLAN INFORMATION COMMUNICATION TECHNOLOGY ASSET MANAGEMENT PLAN Document Control Document ID: Rev No Date Revision Details Author Reviewer Approver 1 18 March 2011 2 25 March 2011 Preliminary draft for comment

More information

Overall Asset Management Plan

Overall Asset Management Plan Overall Asset Management Plan Adopted by Council 17 August 2009 TABLE OF CONTENTS EXECUTIVE SUMMARY... 3 1 INTRODUCTION... 4 1.1 Legislative Basis for the Plan... 4 1.2 Purpose of the Asset Management

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY SHIRE OF BODDINGTON ASSET MANAGEMENT STRATEGY Version 1 January 2014 Asset Management Strategy Document Control Rev No Date Revision Details Author Reviewer Approver 1 January 2014 Draft Strategy T McCarthy

More information

ASSET MANAGEMENT STRATEGY

ASSET MANAGEMENT STRATEGY ASSET MANAGEMENT STRATEGY Transport and Highways June 2013 Asset Management Strategy (June 2013) Page 1 of 10 CONTENTS INTRODUCTION 3 SECTION 1: WHY ASSET MANAGEMENT 4 1.1 Background 4 1.2 Strategic Framework

More information

Financial Management Strategy & Long Term Financial Plan 2014/2015 2023/2024

Financial Management Strategy & Long Term Financial Plan 2014/2015 2023/2024 Financial Management Strategy & Long Term Financial Plan 2014/2015 2023/2024 February 2014 Table of Contents Page 1.0 EXCUTIVE SUMMARY 1.1 Introduction 1.2 Financial Management Strategy 1.3 Long Term

More information

Significant Forecasting Assumptions

Significant Forecasting Assumptions Significant Forecasting Assumptions Budget and Forecasting Assumptions and Risk Assessment Schedule 10 of the Local Government Act 2002 requires that the Council identifies the significant forecasting

More information

SCHEDULE 16 TO THE SPECIAL USE ZONE. Shown on the planning scheme map as SUZ16. BALLARAT RAILWAY STATION PRECINCT. Purpose

SCHEDULE 16 TO THE SPECIAL USE ZONE. Shown on the planning scheme map as SUZ16. BALLARAT RAILWAY STATION PRECINCT. Purpose SCHEDULE 16 TO THE SPECIAL USE ZONE Shown on the planning scheme map as SUZ16. BALLARAT RAILWAY STATION PRECINCT Purpose To facilitate the revitalisation of the Ballarat Station Precinct in accordance

More information

Local Government Asset Investment Guidelines. August 2006

Local Government Asset Investment Guidelines. August 2006 Local Government Asset Investment Guidelines August 2006 August 2006 Prepared by Jeff Roorda and Associates in conjunction with the Department for Victorian Communities (Local Government Victoria). Published

More information

FLOOD RISK STATEMENT IN SUPPORT OF THE CONNECTING HERNE BAY AREA ACTION PLAN PREFERRED OPTIONS DOCUMENT

FLOOD RISK STATEMENT IN SUPPORT OF THE CONNECTING HERNE BAY AREA ACTION PLAN PREFERRED OPTIONS DOCUMENT FLOOD RISK STATEMENT IN SUPPORT OF THE CONNECTING HERNE BAY AREA ACTION PLAN PREFERRED OPTIONS DOCUMENT Canterbury City Council January 2008 1 APPLICATION OF THE PPS25 SEQUENTIAL AND EXCEPTION TESTS 1.0

More information

CLEAN GREEN & SUSTAINABLE NS1439215

CLEAN GREEN & SUSTAINABLE NS1439215 CLEAN GREEN & SUSTAINABLE NS1439215 1 Contents 2 Introduction Strategic Alignment 1 - Energy Efficiency 2 - Water Management 3 - Fleet and Plant Management 4 - Carbon Offsets 5 - Waste Management Everything

More information

ROADS ALLIANCE ASSET MANAGEMENT COMMUNIQUÉ AUGUST 2010 LOCAL GOVERNMENT ASSOCIATION OF QUEENSLAND LTD

ROADS ALLIANCE ASSET MANAGEMENT COMMUNIQUÉ AUGUST 2010 LOCAL GOVERNMENT ASSOCIATION OF QUEENSLAND LTD ROADS ALLIANCE ASSET MANAGEMENT COMMUNIQUÉ AUGUST 2010 LOCAL GOVERNMENT ASSOCIATION OF QUEENSLAND LTD Contents 4 Glossary 6 Background 9 Purpose of Communiqué 9 Australian and State Government Drivers

More information

BUILDING & FACILITIES ASSET MANAGEMENT PLAN 2012

BUILDING & FACILITIES ASSET MANAGEMENT PLAN 2012 BUILDING & FACILITIES ASSET MANAGEMENT PLAN 2012 Document Control Document ID: 59_07_070909_nams.plus_amp template v11 Rev No Date Revision Details Author Reviewer Approver 1 Dec 2011 Graphs and Reports

More information

CITY OF VINCENT. Audit Completion Report to the Audit Committee For the Year Ended 30 June 2015

CITY OF VINCENT. Audit Completion Report to the Audit Committee For the Year Ended 30 June 2015 CITY OF VINCENT Audit Completion Report to the Audit Committee For the Year Ended 30 June 2015 20 November 2015 Table of Contents 1. Executive Summary... 1 1.1 Status of Audit... 1 1.2 Deliverables...

More information

LONG TERM FINANCIAL PLAN. TEN YEAR PLAN 2012-13 to 2021-22

LONG TERM FINANCIAL PLAN. TEN YEAR PLAN 2012-13 to 2021-22 LONG TERM FINANCIAL PLAN TEN YEAR PLAN 2012-13 to 2021-22 The City of Darwin Long Term Financial Plan Civic Centre 17 Harry Chan Avenue DARWIN NT 0800 GPO Box 84 DARWIN NT 0801 Phone: 08 8930 0300 Fax:

More information

Framework for Long Term Financial and Asset Management Planning for all Tasmanian Councils

Framework for Long Term Financial and Asset Management Planning for all Tasmanian Councils TASMANIAN STATE GOVERNMENT and LOCAL GOVERNMENT ASSOCIATION OF TASMANIA Framework for Long Term Financial and Asset Management Planning for all Tasmanian Councils FINAL REPORT September 2009 Document Control

More information

Plymouth Council & Asset Management

Plymouth Council & Asset Management Plymouth Council & Asset Management Plymouth City Council is committed to improving the condition of its carriageways and has demonstrated this graphically by pledging to spend 20m over and above any DfT/central

More information

Frequently Asked Questions

Frequently Asked Questions Integrated Planning & Reporting Framework Frequently Asked Questions and their answers August 2009 Question Why are the planning and reporting requirements for local councils being changed? Page 3 What

More information

INFRASTRUCTURE AND ASSET MANAGEMENT PLAN

INFRASTRUCTURE AND ASSET MANAGEMENT PLAN Campbelltown City Council BUILDING ASSETS INFRASTRUCTURE AND ASSET MANAGEMENT PLAN May 2012 Document Control Document ID: TRIM Ref: 11/66147 Rev No Date Revision Details Author Reviewer Approver 1 11/06/2008

More information

HIGHWAY INFRASTRUCTURE ASSET MANAGEMENT STRATEGY

HIGHWAY INFRASTRUCTURE ASSET MANAGEMENT STRATEGY HIGHWAY INFRASTRUCTURE ASSET MANAGEMENT STRATEGY 16 November 2015 Highway Infrastructure Asset Management Strategy Contents Introduction 1.0 The Need for Asset Management 1.1. Background 1.2. Aims and

More information

LOCAL GOVERNMENT AND PLANNING MINISTERS COUNCIL. Local Government Financial Sustainability. Nationally Consistent Frameworks.

LOCAL GOVERNMENT AND PLANNING MINISTERS COUNCIL. Local Government Financial Sustainability. Nationally Consistent Frameworks. LOCAL GOVERNMENT AND PLANNING MINISTERS COUNCIL Local Government Financial Sustainability Nationally Consistent Frameworks Framework 2 ASSET PLANNING AND MANAGEMENT May 2007 ASSET PLANNING AND MANAGEMENT

More information

A FIT FOR PURPOSE CORPORATE ASSET MANAGEMENT FRAMEWORK DESCRIPTION OF A JOURNEY

A FIT FOR PURPOSE CORPORATE ASSET MANAGEMENT FRAMEWORK DESCRIPTION OF A JOURNEY A FIT FOR PURPOSE CORPORATE ASSET MANAGEMENT FRAMEWORK DESCRIPTION OF A JOURNEY Phillip Burton Manager Assets and Contracts, District Council of Mount Barker Ashay Prabhu Managing Director, ACEAM Pty Ltd

More information

ASSET CAPITALISATION AND MATERIALITY THRESHOLDS Financial Management Policy

ASSET CAPITALISATION AND MATERIALITY THRESHOLDS Financial Management Policy ASSET CAPITALISATION AND MATERIALITY THRESHOLDS Financial Management Policy Policy classification Statutory Policy number: 7.29 Responsible Manager/ Department Manger, Finance & Customer Service Policy

More information

Best Practice Asset Management

Best Practice Asset Management Case Study Best Practice Asset Management An example of an Activity Management Plan, published by the Working Group Case Study AMP 01-2014 The Working Group was established by the Road Efficiency Group

More information