Parks & Sporting Grounds Asset Management Plan 2022-2032

There are several studies and investigations being undertaken which may identify additional funding needs to acquire new and upgrade existing open space assets to meet required service levels, over the following 10 years.

Council acknowledges that additional work is required to improve its understanding of the future new and upgrade funding requirements, and this has been identified as an improvement item in this PSGAMP.

6.4 Financial Ratios

Asset management ratios provide insight into an organisation’s performance and success in managing its assets. Council’s asset management ratios for its asset portfolio calculated as at 30 June 2021 are shown in Table 23 – Key Asset Management Ratios.

The extent with regards to how the organisation is funding their capital works program when comparing allocated capital works expenditure with the desired expenditure which has been derived from prediction modelling and/or service level agreements.

Remaining Service Index Ratio

Written down value (fair value of the portfolio) divided by the total current replacement value.

69% - Land Improvements NonDepreciable 66%

62% - Wharves and Other Marine structures

Table 23 – Key Asset Management Ratios