Smart Asset Management

Council provides a variety of services to our community over a large area (10,489km2). Many of our services are provided through infrastructure assets such as roads, water, sewerage, parks, buildings, waste and land. The total replacement cost of Council’s infrastructure assets is valued at $3.5B.

ASSET VALUATIONS Total gross value of assets



11.52%

 0.33%   0.04% 1.75%  1.90%  1.5%  3.41%  5.51%

Council is required to undertake asset valuation activities on a regular basis as per Australian Accounting Standards and Local Government Regulations. An annual assessment is undertaken either by desktop (high level assessment) or comprehensively (detailed assessment).

In 2021/22, Council reviewed all infrastructure asset classes via desktop method and sought independent third-party Shepherd Services Pty Ltd to support the roads, drainage, transport and infrastructure (RDTI) class.

Refer to financial statements for further information.

FUTURE COMMITMENT

 21.14%

Total gross value

 52.9%

 Land and improvements  Buildings  Road, drainage and transport infrastructure  Sewerage infrastructure  Water infrastructure  Plant and equipment  Major plant and equipment  Cultural assets  Park furniture and other structures  Work in progress

Council is committed to continuing smart asset management. In our Corporate Plan, one of the five goals is Delivering Value. An intended outcome is to ensure asset management is smart, effective and efficient.

IMPROVED ASSET MANAGEMENT ACTIVITIES

Strategic Asset Performance (SAP) has continued working to ensure that Council can continue to provide essential services to our community, now and into the future. Understanding the capacity, quality and need for infrastructure in the region allows Council to make informed decisions and projections about the future of our assets.

The Asset Management Steering Group was established to provide direction and make recommendations to the Executive Leadership Team and Council on matters at the strategic asset and service management level. The Capital Portfolio Working Group was formed with the purpose to provide a collaborative forum for the continual review and management of the Capital Portfolio (all capital projects identified for delivery over a rolling three-year period) and to inform the annual capital budget. Activities undertaken this year include:

• Asset Planning

• Completed the Gladstone Region Cemetery Plan which sets the vision and high-level strategy for the operation and management of cemeteries in the region to ensure Council provides a fundamental service to the community in a sustainable, efficient and affordable manner to meet demand across the region. • SCADA System Architecture and User Interface Access Review was completed to assess the current state of performance of the SCADA network and recommend cost effective solutions to ensure reliability and cyber security. The final report is completed and pending approval.

• Asset Performance and Monitoring

• Council’s 10-year replacement program for park playground equipment has been completed.

• Development of a disaster management recovery process has been completed and approved by Executive Leadership

Team.

• There are 19 Level 2 inspections for water and sewer pipelines and support structures completed. Following the review of these reports, this information will support future work developing maintenance and capital programs. • Level 3 inspections and load assessments for bridges and culverts on major heavy vehicle routes were completed as well as completion of 95

Level 2 bridges and culverts inspections with final reports received. Following the review of these reports, this information will support future work developing maintenance and capital programs. • Asset criticality assessment for water treatment plants, wastewater treatment plants, water reservoirs and sewerage pump stations, with a target completion date of December 2022.

• The final report for the completion of condition assessments and maintenance schedules for the high voltage system on Curtis Island has been received.

• The Drinking Water Quality

Management Plan has received approval from the Department of

Regional Development, Manufacturing and Water.

• The first phase of condition assessment of 15 sewage pump station was completed.