Parks & Sporting Grounds Asset Management Plan 2022-2032

2.2 Current State of the Assets

The distribution of Council’s open space asset portfolio by quantities is illustrated in Figure 6.

43.33% of the asset portfolio comprises open space infrastructure assets, which equates to $48.27M of the total $131.25M replacement cost modelled. The second most expensive assets by function are marine and coastal assets worth $43.5M and representing only 3.28% of the asset base in terms of quantities.

2.2.1 Current Replacement Costs

The value of open space assets for which Council is responsible is estimated at $172.18M, as at 30th June 2021. The break-up of the asset subclass by replacement value is illustrated in Figure 7.