Parks & Sporting Grounds Asset Management Plan 2022-2032

It should be acknowledged that depreciation is not an ideal measure and is seldom recommended now in a modern practice with the focus more on sustainability-based analysis of asset service level (long term financial plans based on strategic lifecycle modelling & planning).

2.2.2 Open Space Asset Information Management

All information pertaining to asset type and function, location, constructed year and condition of these open space assets are recorded and stored in Council’s Asset Register which is a module of the Finance System. At the time of preparing this PSGAMP, it is estimated that Council’s Asset Register is 80% complete with regards to the open space list and around 70% up to date The Improvement Plan identifies actions to further enhance and improve Council’s Asset Register information, by collecting and maintaining additional asset attribute details such as hierarchy, materials and asset quantities.

2.2.3 Current Asset Performance

The following dashboard provides a high-level overview of the current condition (service state) of all open space assets owned and maintained by Council. The condition state is a numerical score assigned to each major open space asset to represent its current performance (i.e. where is the asset on its lifecycle path), with condition state 1 representing an excellent condition and condition state 5 representing a very poor condition.

Refer to Table 4 – Asset Condition Rating Guidelines for condition definitions.