Asset Management Strategy 2022 - 2026

The condition19 of Council’s assets is shown in Figure 4 which is based on the % of the total of each asset class and their allocated condition by replacement cost.

Asset Class Condition Distribution by Replacement Value

It is estimated from Figure 4, that the assets approaching the end of their useful lives (i.e. the sum of all assets considered to be in condition states poor and very poor) equates to $131.4M.

It is important to note that any increase in the number and/or type of infrastructure assets provided by Council would also require additional funding. Every additional asset has long term budget implications in maintenance, operations and renewal funding needs, which must be factored into revised budgets. The introduction of new assets without an increased funding stream has the potential to delay infrastructure renewal which given the size of the infrastructure assets, could undermine Council’s ability to maintain the asset base in a satisfactory condition.

19 Source: Special Schedule 7 – Report on Infrastructure Assets as at 30 June 2021

Inner West Council Asset Management Strategy 2022