Asset Management Plans are long-term plans that outline the assets required for each service provided by an entity, the expected service level to be provided from these assets, and most importantly, what funds are required to ensure that the services that these assets provide to the community can continue to be provided well into the future.
Asset Management Plans generally include information on:
• A demand forecast of future asset and service requirements ;
• The expected service level to be provided by the assets controlled by the entity;
• What assets an entity controls;
• Long-term cash flow predictions for maintaining/renewing the assets controlled by an entity so that the required level of service can be achieved;
• Indicators that can be used to ensure that assets are managed effectively over their lifecycle;
• Critical assets including a risk assessment on how to manage risks associated with critical assets;
• The way forward to improve asset management within an organisation.
Click Here to View Council's Asset Management Plan