Asset Management Planning Asset management planning is critical to the operation of the Council and its continuing financial sustainability. Clarence Valley Council is the custodian of approximately $2.54B of community assets to support community activity. These assets include roads, water and sewerage services, drains, bridges, footpaths, buildings, floodplain protection structures, sporting facilities, parks and gardens. The Council is responsible for accounting for and managing these assets to ensure they are maintained in a safe/serviceable condition for their specific use by the community. To do this, the Council must determine acceptable maintenance service levels and the long-term cost of maintaining those service levels. It must then ensure that sufficient financial and human resources are provided now, and in the future, to meet those obligations. In September 2012, the Council appointed Jeff Roorda & Associates to undertake a review of the Council’s asset management systems and processes, with the key objective of identifying areas where changes and improvements can occur. Contractors are engaged to conduct annual desktop revaluations, with full revaluations conducted on a four-year cycle of the Council’s key infrastructure assets, including buildings, roads, water, sewer and other structures. The data from this process has been incorporated into the Council’s various asset management plans (AMPs) and summarised in the AMS. In 2015, an asset management audit preparedness assessment was performed by the Council’s auditor on behalf of the Office of Local Government. The assessment identified areas for improvement, and an action plan has been implemented to address these.
Asset Management Planning Consists of Three Elements: Asset Management Policy The Council’s Asset Management Policy sets the broad framework for undertaking asset management in a structured and coordinated way and addresses the following: ▪
Establishing goals and objectives for asset management in terms of providing a platform for service delivery.
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Integrating asset management with the Council’s strategic planning.
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Maximising value for money by adopting life cycle costing combined with performance measurements.
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Assigning accountability and responsibility for service delivery.
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Promoting sustainability to protect the needs of future generations.
Resourcing Strategy
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