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Title | Asset Management Policy |
Policy Number | P04 |
Type | Council Policy |
Document Owner | Director Corporate Services |
Approval Date | 25 November 2021 |
MaGiQ Document ID | 690839 |
Review Date | November 2025 |
Council Resolution Number | OC155/2021 |
The purpose of this policy is establish Council’s premise to sustainably manage its assets in its current state and develop strategies to transcend into the future, while providing ongoing Council services to its communities through balanced consideration of technical standards applicable to each asset category, levels of service, whole of life costs and available resources.
This policy will apply to Council’s major asset portfolios including roads, infrastructure, ICT and fleet, Council and Council staff and supports participative decision making by the community.
Term | Definition |
Major asset category | Refers to the range of infrastructure assets are categorised by the following classes:
|
Asset Management Plan | Is a plan that manages infrastructure asset categories to determine how assets are operating, maintained and renewed to meet the required service provision level and determine annualised expenditure forecasts for each category |
Local Government Act 2019
Local Government Accounting Regulations
The Asset Management policy is aimed at ensuring the effective and efficient management of Council’s asset portfolio in the delivery of services to the community. Asset Management is driven by service planning, assets support the service they help to deliver. Therefore service plans identify assets that services rely on, and contain information about long term asset requirements within that service area.
Asset management is a ‘whole of 2ationalize2’ function and to achieve this Council will:
The Asset Management Policy delegates the development and implementation of AMPs that outline the current status of CDRC asset categories to management and each plan will identify annual expenditure and links to LTFP.
The manager for each AMP for their asset category will ensure the AMP contains clear links of assets to service levels, asset provision, maintenance and planning that aims to continually improve Council’s maintenance and renewal practices.
Each AMP per asset category will 3ationalize under‐utilised assets that have no long term strategic benefit and propose a disposal schedule of these assets consistent with other relevant policies.
Annually report to Council via AMPs on all aspects of Council assets, in terms of annual estimated expenditure, condition, stage on asset life cycle, operations, maintenance, renewal, upgrade and expansions.
Date | Details |
13 October 2013 | Reviewed and adopted (CRN 642/2013) |
30 January 2020 | Reviewed and adopted (CRN OC014/2020) |
25 November 2021 | Reviewed and adopted (CRN OC0155/2021) |