FAQs

Council is developing asset sub-plans and a 10-year Financial Plan and is seeking your opinion on the current state of our community's assets, how they are managed and our financial position.

This feedback will be used to ensure that the how we look after our assets and the funding proposed for each of our asset type in the future is appropriate.

It will also be used to make sure Council has the right mix of funds and resourcing to meet community needs. 

An asset is an individual or group of physical objects, which has value and enables services to be provided, for example: 

1. A road 
2. A park 
3. A building
4. A stormwater pipe
5. A set of solar panels on a building
6. A sign 

In simplest terms, asset management is about how assets are ‘looked after’, both on a day-to-day basis: 

1. Maintenance 
2. Monitoring
3. Operation 

and in the medium-to-long term: 

1. Planning
2. Purchase / creation 
3. Renewal 
4. Disposal

Through a combination of formal asset condition audits, customer requests (CRMs) received and internal analysis, priorities are identified for the asset renewal programs each year.

For example, for footpaths: when we undertake this work we think about the location, usage, connectivity, condition, and typical useful life of a footpath.

We look at how many paths we have and what the useful life of a footpath is assumed to be to guide us on how much we need to spend each year to renew them.