2019-07-09 S&O Agenda - Item 5 - Attachment 1 - Building and Facilities Asset Management Plan

Figure 3 identifies all buildings and facilities assets that have a modelled condition based on their
remaining life and does not reflect the physical condition of those assets. Undertaking physical
condition assessments of the assets represented in Figure 2 is required. Physical condition
knowledge will assist in developing a more realistic approach to developing renewal plans that are
prioritised and planned. This information is utilised in prioritising the physical condition assessments.




Figure 3: Modelled condition of building components by quantity

The breakdown of replacement costs by asset condition is depicted in the graphs below (figures 4,
5 & 6). The importance of these graphs are to identify the value of each asset classes’ condition and
where future investments are required to renew or rehabilitate the buildings and facilities assets. The
importance of the financial value against each condition enables Council to identify the necessary
funding requirements of each asset class into the future. Once an asset is rehabilitated or renewed
the condition rating will be adjusted within the asset management system (T1). The timing and
renewal of the assets will be addressed in the annual review of the renewal program and will be
reflected in Council’s 10-year Capital Works Program.




Asset Management Plan: Buildings and Facilities                                                 Page 12