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

          Budget          Forecast        Forecast        Forecast         Forecast      Forecast
 Year     2018/19         2019/20         2020/21         2021/22          2022/23       2023/24
 O&M      $1,397,060       $1,435,241     $1,463,946      $1,493,225       $1,523,089    $1,553,551

          Forecast        Forecast        Forecast         Forecast        Forecast       Forecast
 Year     2024/25         2025/26         2026/27          2027/28         2028/29        2029/30
 O&M       $1,584,622      $1,616,315     $1,648,641        $1,681,614      $1,715,246    $1,749,551

Table 2: Annual Operational & Maintenance Costs across buildings and facilities


Maintenance and operational costs are identified to ensure council understands the whole of life
costs associated with the day-to-day management of buildings and facilities assets. Figure 7 below,
identifies the long term financial commitment required in maintaining assets. In order to maintain
assets to an acceptable level, the cumulative costs over a ten-year period will equate to $16m. It is
proposed to develop a more detailed list of operational and maintenance activities per annum by
service program and utilises the T1 asset management system to identify maintenance by the
breakdown of asset classes within the buildings and facilities asset classes. In addition, more
detailed and longer term planning for maintenance has been identified as an improvement from this
AMP.




Figure 7: Buildings and facilities Operating & Maintenance Costs & Forecast


4.5     Asset Renewals
The purpose of developing a renewal plan is to identify assets that need to be replaced to maintain
the current level of service. Asset failure due to lack of renewal will affect the capacity to deliver
future renewals of buildings and facilities and subsequently the service these facilities provides to
the Noosa Community.

Buildings and facilities asset renewals are condition based. Condition assessments provide staff the
ability to develop capital renewal programs. The ongoing asset management maturity relies heavily
on the continued development of the condition assessments and subsequent maintenance and
renewal plans.




Asset Management Plan: Buildings and Facilities                                                 Page 15