Asset Management Strategy 2022 - 2026

3.3 State of our Assets in Detail

Based on data obtained from Council’s asset register and current as at 30 June 2021, Figure 5 shows the current replacement value and performance of Council’s assets at the asset type level.

Council has adopted a good practice plan for collating asset registers that has fit for purpose data. The process undertaken in late 2021 included collecting updated transport asset data for roads, paths, kerb, traffic devices and pits. The methodology of condition assessment was based on a combination of Austroads and NAMS Practice Notes (National Asset Management Standards) This new and current dataset will be utilised in the development of the Transport Asset Management Plan.

From 2022-2024 Council will progressively adopt a good practice data collection plan across its remaining asset classes of stormwater drainage, property and open space assets. This data will also be collected with:

1. Conformance with NAMS Practice Notes for condition assessment;

2. Conformance to Council’s re-valuation cycles so this data is collected at re-valuation time to inform both Fair Value requirements as well as the Asset Management Plans;

3. Conformance with collecting distress types that can produce a capital works plan (5 years) as well as a maintenance plan (2 years); and

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