16. ASSET MANAGEMENT POLICY

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "16. ASSET MANAGEMENT POLICY"

Transcription

1 16. ASSET MANAGEMENT POLICY

2 Asset Management Policy Document No.: WT-HRM Approved By: Council Issue No.: 1.00 Approved On: 10 June 2014 Responsibility: Infrastructure Services Department Review Date: June 2016 CONTENTS 1. BACKGROUND COUNCIL S STRATEGIC PLAN COUNCIL S FINANCIAL PLAN COUNCIL S RISK MANAGEMENT POLICY DEFINITIONS ASSET DETAILS ASSET LIFE POLICY OBJECTIVE COUNCILLOR RESPONSIBILITY MANAGEMENT RESPONSIBILITY IMPLEMENTATION ACTIONS ASSET MANAGEMENT WORKING GROUP WORKING GROUP RESPONSIBILITIES TRAINING NEEDS REVIEW APPROVAL... 7 WT-HRM Issue:1.00 Asset Management Policy Page: 1 of 7

3 1. BACKGROUND West Tamar Council is committed to implementing a systematic asset management methodology in order to introduce appropriate asset management best practices across all areas of its operations. This includes ensuring that assets are planned, purchased, created, operated, maintained, upgraded, replaced and disposed of in accordance with council s priorities for service delivery. 2. COUNCIL S STRATEGIC PLAN The effective management of council s assets will enable council to maintain its service delivery standards and therefore to deliver its Strategic Plan vision of enhancing the West Tamar as a desirable place to live and visit. The Infrastructure Management section of the Strategic Plan requires a strategic approach to ensure an efficient and effective infrastructure network is maintained within the limitations of council s resources. 3. COUNCIL S FINANCIAL PLAN Council s financial management strategy and long term financial plan deals with funding of infrastructure and includes outcomes to have a long term equitable plan for the adequate renewal of council assets as well as capacity for new infrastructure to cater for council s desired levels of service to the community. The strategy includes a number of options available for council to fund the maintenance and management of its infrastructure. 4. COUNCIL S RISK MANAGEMENT POLICY Council s Risk Management Policy recognizes that risk management is an essential tool for sound strategic and financial planning and the ongoing physical operations of the organisation. Council is committed to ensuring that the organisation, its employees and the community are protected against loss through the application of sound management principles and practices to minimize or eliminate exposure to risk and adverse impact on business objectives. This Asset Management Policy is complementary to councils Risk Management Policy and its implementation will assist in meeting the objectives of the Risk Management Policy. 5. DEFINITIONS Assets: A physical item that is controlled by council to provide or contributes to the provision of future economic benefits to the community. Fair value: The amount for which an asset could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms length transaction. Maintenance: The regular routine work required to keep an asset in suitable condition to maintain its service delivery requirements. WT-HRM Issue:1.00 Asset Management Policy Page: 2 of 7

4 Renewal/Refurbishment: The restoration, rehabilitation or replacement of an asset to return it to its original service delivery capacity. Upgrade/Improvement: Modification of an asset to allow it to deliver a higher level of service. New assets: Assets created or purchased by council, or given to council for the purpose of delivering future economic benefits to the community, generally by the provision of services. Asset Management: The process applied to manage assets over each stage of their service life including asset needs analysis, creation, operation, maintenance, renewal and disposal. The objective of asset management is to ensure the assets deliver the required level of service in the most effective and efficient manner now and into the future. Service Level: A relevant measurable standard or target that reflects the required performance to meet agreed community expectations in relation to the type, quality and quantity of services delivered by Council. 6. ASSET DETAILS This policy applies to all of West Tamar Council s assets. These assets are essential for the delivery of services to meet the ongoing needs of our community. Council s asset groups and their approximate values as of May 2014 are as follows in the table below. Asset Group Gross Value Accumulated Depreciation WDV (Current Value) Transport services $191,918,519 $69,292,424 $122,626,095 Buildings $45,317,412 $16,427,712 $28,889,700 Stormwater $42,246,547 $13,057,005 $29,189,542 Parks and Recreation $9,020,792 $2,773,527 $6,247,265 Heritage $581,870 $0 $581,870 Land $12,288,500 $0 $ 12,288,500 Plant & Equipment $4,932,425 $1,757,790 $3,174,635 Furniture, fittings and office equipment $1,374,397 $835,907 $538,490 $295,391,962 $104,144,356 $191,247,597 WT-HRM Issue:1.00 Asset Management Policy Page: 3 of 7

5 7. ASSET LIFE Council s assets having a limited useful life are depreciated over their useful lives in a manner which reflects the consumption of the service potential of those assets. Land is not a depreciable asset and council does not depreciate heritage assets. Adopted asset group lives are: ASSET GROUP LIFE (years) Roads Bridges Buildings Stormwater Drainage Parks, Recreation & Community Facilities Plant and Machinery 3-20 Furniture, Fittings, Office Equipment 2-20 It is noted that all asset lives show a wide range of years corresponding to a range of assets types for example the road asset group indicates a range of useful life of 3 to 100 years this is due to the fact that gravel roads are resheeted every 3 years and road pavement is expected to last 100 years. Similarly bridges have a range of years. Timber bridge decks have a life of 20 years and a concrete bridge structure has a life of 100 years. Buildings range is the difference between a garden type shed 20 years and concrete structure like Windsor Precincts 100 years. 8. POLICY OBJECTIVE West Tamar Council will implement asset management practices to meet the following objectives: Establish and maintain an asset management strategy (minimum 10 year period) as the primary framework to provide and maintain asset services to current and future generations Manage council s assets in a systematic and sustainable manner Maintain assets in a suitable condition to deliver an affordable and reliable level of service to the community Allocate adequate resources to allow the timely maintenance and renewal of assets Take account of whole of life costs when deciding to create, purchase or accept new assets Develop transparent and responsible asset management processes in accordance with best practice standards Maintain affordable and financially sustainable asset management plans for each major asset group Planning for climate change adaption and mitigation Meeting legislative requirements for asset management WT-HRM Issue:1.00 Asset Management Policy Page: 4 of 7

6 9. COUNCILLOR RESPONSIBILITY The functions of councillors under section 28 of the Local Government Act 1993 include: To develop and monitor the implementation of strategic plans and budgets To determine and monitor the application of policies, plans and programs To determine and review the council s resource allocation and expenditure activities To monitor the manner in which services are provided by the council The policies, plans and programs specifically include: 1. The efficient and effective provision of services and facilities 2. The efficient and effective management of assets In undertaking the above functions council represents the community as the asset owner and has a role in ensuring that assets continue to deliver the appropriate level of service to the community into the future within the limitations of council s resources. In order for council to effectively undertake its functions with respect to the management of its assets council will: Maintain an asset management policy and asset management strategy Provide appropriate resources for effective asset management Approve and review asset management plans Consider asset management principles in decision-making 10. MANAGEMENT RESPONSIBILITY The General Manager has a number of functions and powers under the provisions of the Local Government Act including the following that are relevant to asset management: To implement the policies, plans and programs of the council To implement the decisions of the council To manage the resources and assets of the council In implementing these powers the General Manager will: Promote asset management principles throughout the organization Allocate adequate resources to implement councils approved asset management policy Ensure that an asset management strategy is prepared and implemented Report to council on the implementation of the asset management policy and strategy 11. IMPLEMENTATION ACTIONS In order to implement this policy the general manager will ensure that: An asset management working group is maintained A strategy for the implementation of asset management practices within the organization is developed Detailed asset management registers for all asset groups are maintained Detailed asset management plans are prepared for all major asset groups Asset management impacts are highlighted in reports to council WT-HRM Issue:1.00 Asset Management Policy Page: 5 of 7

7 An integrated long-term capital works priority list based on the asset management plans prepared for each asset group is prepared Specific funds are allocated in annual budgets for the maintenance of the service potential of existing and new assets Budgets specifically identify the funds allocated for the routine maintenance of assets, the renewal of assets, the upgrading of assets, and the creation of new assets Asset management plans identify critical assets in each asset group and assess the risks to those assets The service levels for all assets are regularly reviewed Assets are regularly inspected to minimise the risk of harm to the community and to establish the condition of assets Appropriate accounting methods are used to reflect the true consumption of assets Asset accounting methods comply with current accounting standards Levels of service and maintenance standards are defined for asset groups Asset management plans integrate with risk management plans Mitigate climate change effects on council s assets 12. ASSET MANAGEMENT WORKING GROUP Council s asset management working group shall comprise: Infrastructure Services Manager Works Manager Senior Accountant Design Engineer Asset Management Coordinator Asset Recording Officer Risk Management Supervisor Information Systems Coordinator Corporate Services Manager Other staff may be added to the group when dealing with specific issues regarding assets in their area of operation. 13. WORKING GROUP RESPONSIBILITIES The asset management group shall have the following responsibilities: Annually review this asset management policy Review resource requirements for asset management and make recommendations to the management team Promote and foster asset management practices in the workplace Review Asset management plans and strategies as required Review the format of asset registers and data requirements Review asset management software Define responsibility for management of asset groups Review asset gap analysis data WT-HRM Issue:1.00 Asset Management Policy Page: 6 of 7

8 14. TRAINING NEEDS To fulfil its asset management obligations, the organisation will conduct familiarisation sessions for Councillors and staff in financial and asset management practices including the importance of service planning and property risk exposure minimisation. Where a need is identified, it will undertake relevant training to those requiring a higher level of skill. 15. REVIEW This Asset Management Policy and the Asset Management Strategy developed under the policy shall be reviewed biannually by the Asset Management Working Group. The group shall report to the management team on implementation of the policy and any recommended changes to the policy. 16. APPROVAL Approved by the Council on 10 June 2014 Signed: General Manager WT-HRM Issue:1.00 Asset Management Policy Page: 7 of 7

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

TITLE C171 ASSET MANAGEMENT POLICY DEPARTMENT. Engineering Services POLICY DIRECTIVE

TITLE C171 ASSET MANAGEMENT POLICY DEPARTMENT. Engineering Services POLICY DIRECTIVE TITLE C171 ASSET MANAGEMENT POLICY DEPARTMENT Engineering Services POLICY DIRECTIVE This Asset Management policy will ensure that Asset Management is clearly recognised by Council and community in accordance

More information

Asset Management Policy. Sutherland Shire Council. Council Online - IM/Policies - Policies & Forms - IM/Policy Asset Management1

Asset Management Policy. Sutherland Shire Council. Council Online - IM/Policies - Policies & Forms - IM/Policy Asset Management1 Asset Management Policy Sutherland Shire Council Council Online - IM/Policies - Policies & Forms - IM/Policy Asset Management1 Document review and approval This document has been approved by Subject matter

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

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

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

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 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

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

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

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

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

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

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

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 Management Policy Our policy To set guidelines for implementing consistent asset management processes throughout Woollahra Municipal Council. Objective To ensure adequate provision is made for the

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

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

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

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

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

Asset Management Policy March 2014

Asset Management Policy March 2014 Asset Management Policy March 2014 In February 2011, we published our current Asset Management Policy. This is the first update incorporating further developments in our thinking on capacity planning and

More information

10.0 ASSET MANAGEMENT PRACTICES. Table of Contents

10.0 ASSET MANAGEMENT PRACTICES. Table of Contents 10.0 ASSET MANAGEMENT PRACTICES Table of Contents 10.0 ASSET MANAGEMENT PRACTICES... 119 10.1 Current Asset Management Practices... 120 10.2 Asset Management Processes... 120 10.2.1 Attribute data collection

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

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY REVENUE AND FINANCING POLICY The Revenue and Financing Policy must be prepared under Section 102 of the Local Government Act 2002. It must be included as part of a Long-Term Council Community Plan 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

10.0 ASSET MANAGEMENT PRACTICES

10.0 ASSET MANAGEMENT PRACTICES 10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupō District Council (TDC) currently uses to determine long term maintenance, renewal

More information

The Town of Fort Frances POLICY SECTION ACCOUNTING FOR TANGIBLE CAPITAL ASSETS. ADMINISTRATION AND FINANCE NEW: May 2009 1. PURPOSE: 2.

The Town of Fort Frances POLICY SECTION ACCOUNTING FOR TANGIBLE CAPITAL ASSETS. ADMINISTRATION AND FINANCE NEW: May 2009 1. PURPOSE: 2. The Town of Fort Frances ACCOUNTING FOR TANGIBLE CAPITAL ASSETS SECTION ADMINISTRATION AND FINANCE NEW: May 2009 REVISED: POLICY Resolution Number: 05/09 Consent 156 Policy Number: 1.18 PAGE 1 of 11 Supercedes

More information

Draft Revenue and Financing Policy

Draft Revenue and Financing Policy Draft Revenue and Financing Policy Introduction The Local Government Act 2002 (LGA) requires every local authority to adopt a Revenue and Financing Policy and incorporate it into the LTP. The Revenue and

More information

10.0 ASSET MANAGEMENT PRACTICES

10.0 ASSET MANAGEMENT PRACTICES 10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupo District Council (TDC) currently uses to determine long term maintenance, renewal

More information

4.1 PROPERTY, PLANT AND EQUIPMENT

4.1 PROPERTY, PLANT AND EQUIPMENT 4.1 PROPERTY, PLANT AND EQUIPMENT 4.1.1 Introduction 4.1.1.1 Authorities shall account for tangible fixed assets in accordance with IAS 16 Property, Plant and Equipment, except where interpretations or

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 POLICY

ASSET MANAGEMENT POLICY : SHIRE OF MOUNT MAGNET ASSET MANAGEMENT POLICY Version 1.1 April 2013 Asset Management Policy Document Control Rev No Date Revision Details Author Reviewer Approver 0 November 2012 Original final document

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

APPENDIX E: LIFE CYCLE PLANS AND SUPPLEMENTARY INFORMATION

APPENDIX E: LIFE CYCLE PLANS AND SUPPLEMENTARY INFORMATION APPENDIX E: LIFE CYCLE PLANS AND SUPPLEMENTARY INFORMATION E1 APPENDIX E: LIFE CYCLE PLANS AND SUPPLEMENTARY INFORMATION Contents 1 Introduction 2 Common Issues / Improvement Actions 3 Carriageways 4 Footways

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

MITCHELL SHIRE COUNCIL

MITCHELL SHIRE COUNCIL ORDINARY COUNCIL MEETING AGENDA 28 JULY 2014 ASSET DISPOSAL POLICY (CONT.) MITCHELL SHIRE COUNCIL Council Meeting Attachment ENGINEERING AND INFRASTRUCTURE 28 JULY 2014 9.6 ASSET DISPOSAL POLICY Attachment

More information

State of Queensland. Published by the Department of Infrastructure and Planning, September 2010, 100 George Street, Brisbane Qld 4000.

State of Queensland. Published by the Department of Infrastructure and Planning, September 2010, 100 George Street, Brisbane Qld 4000. Looking forward. Delivering now. The Department of Infrastructure and Planning leads a coordinated Queensland Government approach to planning, infrastructure and development across the state. State of

More information

This plan forms one part of a suite of Asset Management Plans that have been developed:

This plan forms one part of a suite of Asset Management Plans that have been developed: E: D1: Levee Footpath Bank Asset Management Plan March July 2014 2015 This plan forms one part of a suite of Asset Management Plans that have been developed: A. Bridges B. Buildings C. Drainage D. Footpaths

More information

Summary: Introduction

Summary: Introduction Summary: Melbourne Water has a range of responsibilities in the Port Phillip and Westernport region, including responsibilities for the protection and restoration of waterways and, in collaboration with

More information

CHANGES TO HOME INSURANCE

CHANGES TO HOME INSURANCE CHANGES TO HOME INSURANCE ESTIMATING REBUILDING COSTS FOR SUM INSURED POLICIES 25 JULY 2013 - PROPERTY INSTITUTE OF NEW ZEALAND WHAT S CHANGING? Home insurance in New Zealand is moving back from unlimited

More information

Asset Management Improvement Strategy March 2009-2012

Asset Management Improvement Strategy March 2009-2012 Asset Management Improvement Strategy March 2009-2012 Page 1 TABLE OF CONTENTS TABLE OF CONTENTS 2 INTRODUCTION 3 VISION 3 OBJECTIVE OF THE ASSET MANAGEMENT IMPROVEMENT STRATEGY 3 AIM OF THE ASSET MANAGEMENT

More information

10.0 ASSET MANAGEMENT PRACTICES

10.0 ASSET MANAGEMENT PRACTICES 10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupo District Council (TDC) currently uses to determine long term maintenance, renewal

More information

10.0 ASSET MANAGEMENT PRACTICES

10.0 ASSET MANAGEMENT PRACTICES 10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupō District Council (TDC) currently uses to determine long term maintenance, renewal

More information

WHS Corrective & Preventative. Action Procedure V2.0

WHS Corrective & Preventative. Action Procedure V2.0 1. Overview The Wudinna District Council understands its obligation as a self insured employer to produce measurable continuous improvement outcomes in WHS and comply with legislative obligations. Part

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

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

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY First adopted: 2004 Revision dates/version: Version 5 Next review date: November 2017 Engagement required: The Council will develop a proposal, make this available to the public, allow written submissions

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

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

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

DEVELOPMENT OF THE AUCKLAND CITY COUNCIL CLOSED LANDFILL ASSET MANAGEMENT PLAN

DEVELOPMENT OF THE AUCKLAND CITY COUNCIL CLOSED LANDFILL ASSET MANAGEMENT PLAN DEVELOPMENT OF THE AUCKLAND CITY COUNCIL CLOSED LANDFILL ASSET MANAGEMENT PLAN Alice Thompson and Renate Timm (City Design Ltd.) Garry Peters (Auckland City Council) Introduction The Auckland City Closed

More information

ENVIRONMENTAL POLICY STATEMENT

ENVIRONMENTAL POLICY STATEMENT ENVIRONMENTAL POLICY STATEMENT COMPANY NAME ADDRESS COMPANY ACTIVITIES TRACKYOU LTD BLACKWOOD BUSINESS PARK, ASH ROAD SOUTH, WREXHAM, LL13 9UG Telematics Provider of Vehicle Tracking Units to Local Authorities

More information

Local Government Operational Guidelines. Number 18 June 2013. Financial Ratios

Local Government Operational Guidelines. Number 18 June 2013. Financial Ratios Local Government Operational Guidelines Number 18 June 2013 Page 2 of 20 1. Introduction This guideline is intended to provide a clear explanation of each ratio required to be included in the annual financial

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

Accounting and Reporting Policy FRS 102. Staff Education Note 5 Property, plant and equipment

Accounting and Reporting Policy FRS 102. Staff Education Note 5 Property, plant and equipment Accounting and Reporting Policy FRS 102 Staff Education Note 5 Property, plant and equipment Disclaimer This Education Note has been prepared by FRC staff for the convenience of users of FRS 102 The Financial

More information

Defence Land has the same meaning as in Section 22 of the Local Government Rating Act 2002 (LGRA).

Defence Land has the same meaning as in Section 22 of the Local Government Rating Act 2002 (LGRA). Council Policy Policy Title: Revenue and Financing Policy Responsibility: Group Manager Corporate Services First Adopted: 2006 Review Date: June 2015 Review Frequency: Three Yearly, in conjunction with

More information

10.0 ASSET MANAGEMENT PRACTICES

10.0 ASSET MANAGEMENT PRACTICES 10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupō District Council (TDC) currently uses to determine long term maintenance, renewal

More information

Health and Safety Management Standards

Health and Safety Management Standards Health and Safety Management Standards Health and Safety Curtin University APR 2012 PAGE LEFT INTENTIONALLY BLANK Page 2 of 15 CONTENTS 1. Introduction... 4 1.1 Hierarchy of Health and Safety Documents...

More information

ORDINARY COUNCIL PUBLIC AGENDA TUESDAY 27 MAY 2014 AT 9.00 AM

ORDINARY COUNCIL PUBLIC AGENDA TUESDAY 27 MAY 2014 AT 9.00 AM PUBLIC AGENDA AT 9.00 AM Council Members >> The Mayor, Councillor Jenny Hill Councillor Suzanne Blom Councillor Colleen Doyle Councillor Gary Eddiehausen APM Councillor Pat Ernst Councillor Ray Gartrell

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

Asset Management Policy

Asset Management Policy Asset Management Policy Reference Number: 6.9 12/270470 Type: Category: Council Asset Management Relevant Community Plan Outcome: Demonstrate effective leadership with strong community collaboration Build

More information

BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012

BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012 BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012-1 - Purpose of the Financial Plan The financial plan is a component of Brisbane City Council s system of financial management. It helps ensure the financial

More information

ROADING ASSET MANAGEMENT PLAN

ROADING ASSET MANAGEMENT PLAN ROADING ASSET MANAGEMENT PLAN 1 EXECUTIVE SUMMARY 1.1 Overview This Roading Asset Management Plan (RAMP) follows the format recommended by the National Asset Management Steering Group (NAMS) and is largely

More information

STRATEGIC ASSET MANAGEMENT PLAN

STRATEGIC ASSET MANAGEMENT PLAN STRATEGIC ASSET MANAGEMENT PLAN (As at ) Strategic Asset Management Plan Version 7 Document Control Document ID: Rev No Date Revision Details Author Reviewer Approver 1 April 2010 Draft Asset and Infrastructure

More information

Highway Infrastructure Asset Management Strategy

Highway Infrastructure Asset Management Strategy Highway Infrastructure Asset Management Strategy City Development Highways and Transportation Highways Asset Management Page i Asset Management Strategic Documents Contents Page Foreword 4. 1 Introduction)...)))))))))))))))))))))))...

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

15 Guiding Principles

15 Guiding Principles Health, Safety, Environment and Corporate Social Responsibility 15 Guiding Principles 2013 Message from President and CEO 0 New Gold has a complementary portfolio of assets in different countries and cultures

More information

2014 ASSET MANAGEMENT PLAN Building, Stormwater & Linear Transportation

2014 ASSET MANAGEMENT PLAN Building, Stormwater & Linear Transportation 2014 ASSET MANAGEMENT PLAN Building, Stormwater & Linear Transportation Version 1 Table of Contents Executive Summary... 5 1.1 Background... 5 1.2 State of Local Infrastructure... 5 1.3 Desired Levels

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

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

CORPORATE PERFORMANCE MANAGEMENT GUIDELINE

CORPORATE PERFORMANCE MANAGEMENT GUIDELINE -001 CORPORATE PERFORMANCE MANAGEMENT GUIDELINE -001 TABLE OF CONTENTS 1 Introduction... 3 1.1 Scope... 3 1.2 Purpose... 3 2 Performance Management Framework Overview... 4 3 Performance Management Framework...

More information

AP 531 - TANGIBLE CAPITAL ASSETS

AP 531 - TANGIBLE CAPITAL ASSETS AP 531 - TANGIBLE CAPITAL ASSETS The following topics are discussed in this administrative procedure: 1.0 Policy 2.0 Purpose 3.0 Scope 4.0 Glossary 5.0 Categorization of Assets 6.0 Accounting and Reporting

More information

Guide to Integrated Strategic Asset Management

Guide to Integrated Strategic Asset Management Guide to Integrated Strategic Asset Management Issue date: 14 November 2011 Acknowledgements This guide is based on the Australasian Procurement and Construction Council Inc. s (APCC) publication, Asset

More information

Management Standards and Expectations

Management Standards and Expectations Health, Safety, Security and Environmental Management System Management Standards and take c&re of yourself, others and the environment Health, Safety, Security and Environment Policy E.ON Climate & Renewables

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

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

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

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

Asset Management: A Best Practice

Asset Management: A Best Practice Asset Management: A Best Practice Purpose Introduction This guide will help you understand: The definition of Asset Management. Why asset management is important to your utility. The best practices in

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

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 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

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

LGAGOVA610B Implement computerised asset management systems

LGAGOVA610B Implement computerised asset management systems LGAGOVA610B Implement computerised asset management systems Revision Number: 1 LGAGOVA610B Implement computerised asset management systems Modification History Not applicable. Unit Descriptor Unit Descriptor

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

TREASURER S DIRECTIONS ACCOUNTING ASSETS Section A2.3 : Depreciation and Amortisation

TREASURER S DIRECTIONS ACCOUNTING ASSETS Section A2.3 : Depreciation and Amortisation TREASURER S DIRECTIONS ACCOUNTING ASSETS Section A2.3 : Depreciation and Amortisation STATEMENT OF INTENT The objective in depreciating assets is to allocate the value of non-current assets over their

More information

FIVE YEAR FINANCIAL PLAN BYLAW, 2015 BYLAW NO. 15-025

FIVE YEAR FINANCIAL PLAN BYLAW, 2015 BYLAW NO. 15-025 FIVE YEAR FINANCIAL PLAN BYLAW, 2015 BYLAW NO. 15-025 This consolidation is a copy of a bylaw consolidated under the authority of section 139 of the Community Charter. (Consolidated on September 1, 2015

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

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

CLARENCE CITY COUNCIL STRATEGIC PLAN 2010-2015

CLARENCE CITY COUNCIL STRATEGIC PLAN 2010-2015 CLARENCE CITY COUNCIL STRATEGIC PLAN 2010-2015 VISION Clarence diverse communities working together for a vibrant, prosperous and sustainable city MISSION To represent the people of Clarence by providing

More information

Graduate Project Engineer

Graduate Project Engineer Position Information Package Graduate Project Engineer POSITION NUMBER: R15/16.15 APPLICATIONS CLOSE: 5:00pm Friday 2 nd October 2015 POSITION INFORMATION Salary: $52 344 - $60 501 (Band 5) Hours: Location:

More information

Leasing Policy for Crown Land in Victoria 2010 i

Leasing Policy for Crown Land in Victoria 2010 i Leasing Policy for Crown Land in Victoria 2010 i Contents 1. Objective of the Policy 1 2. Scope of the Policy 1 3. Strategic Framework 2 4. Background 2 4.1 Leasing Crown land in Victoria 2 4.2 Legislation

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

ENVIRONMENTAL MANAGEMENT ACCOUNTING IMPLEMENTATION GUIDELINE

ENVIRONMENTAL MANAGEMENT ACCOUNTING IMPLEMENTATION GUIDELINE ENVIRONMENTAL MANAGEMENT ACCOUNTING IMPLEMENTATION GUIDELINE ENVIRONMENTAL MANAGEMENT ACCOUNTING IMPLEMENTATION GUIDELINE 1. Introduction This guideline follows the Implementation Rules for Company Environmental

More information

HEALTH SAFETY & ENVIRONMENT MANAGEMENT SYSTEM

HEALTH SAFETY & ENVIRONMENT MANAGEMENT SYSTEM HEALTH SAFETY & ENVIRONMENT MANAGEMENT SYSTEM September 2011 OUR HEALTH, SAFETY AND ENVIRONMENT POLICY OUR PRINCIPLE OF DUE CARE We care about the wellbeing of our people and our impact on the environment.

More information

POSITION DESCRIPTION

POSITION DESCRIPTION POSITION DESCRIPTION TITLE DIRECTORATE UNIT AWARD CLASSIFICATION Infrastructure Maintenance Team Member Sustainable Development Works Unit Band 2 of the Victorian Local Government Award 2001, as amended

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 Plan

Asset Management Plan Asset Management Plan Table of Contents Executive Summary... 5 Asset Management Plan... 6 Introduction... 6 Financial Overview... 10 Conclusion... 10 Attached Appendices... 10 Asset Management Strategy...

More information