Asset Management Scenic Rim Regional Council manages its business based on a comprehensive financial strategy and, in addition, calls for a total asset management approach to be undertaken in relation to the management of Council’s assets. Council is committed to developing its asset management strategies to ensure that decisions regarding its assets are made on the best information available. Council is the custodian of community assets and infrastructure, including land which, as at June 2020, was valued at approximately $1 billion. A strategic approach to asset management together with strong financial governance are essential to ensure: • that Council delivers appropriate levels of services to the community • revenue generation and investment on infrastructure is based on required service delivery outcomes • responsible stewardship
• that Council does not leave an inappropriate liability for future generations • decision makers and the community understand the whole of life costs associated with infrastructure and service delivery, and • Council is appropriately positioned to negotiate with the Queensland and Australian Government on funding opportunities. • Council’s asset management strategies place significant emphasis on costs associated with replacing and renewing existing infrastructure and, where required, contains plans for new capital expenditure to meet the needs of a growing population. In accordance with Council’s strategies and capital investment plan, the total capital works program expenditure for 2021-2022 is $37.34 million.
Community Budget Report 2021-22
29
