7.5 Forecast Reliability and Confidence

• Population growth will continue as predicted by currently available forecasts

• Funding levels will remain constant through the life of the plan

7.5 Forecast Reliability and Confidence

The expenditure and valuations projections in this strategic asset management plan are based on best available data. Currency and accuracy of data is critical to effective asset and financial management.

The estimated confidence level for and reliability of data used in this strategic asset management plan is shown in Table 6.5.

Table 6.5:Data Confidence Assessment for AM Plans summarised in Strategic AM Plan

Asset Class

Buildings and Other Structures

Parks and Gardens

Stormwater Drainage

Transport

Water and Sewer Quantity Condition

High- over 99% of assets mapped and measurable High – condition is readily observable High- over 99% of assets mapped and measurable High – condition is readily observable High- over 99% of assets mapped and measurable Moderate – Many buried assets not readily observable

High- over 99% of assets mapped and measurable Moderate – Many buried assets not readily observable

High- over 99% of assets mapped and measurable Moderate – Many buried assets not readily observable

Over all data sources, the data confidence is assessed as medium confidence level for data used in the preparation of this strategic asset management plan.

Actions to mitigate the adverse effects of data quality are included within Table 7.2 Improvement Plan.