Meeting papers

program for these assets. The development of these renewal programs for each asset class is
essential in further improving the 10-year Capital Works Program.




4.4     Parks and Playgrounds Operations & Maintenance Plan
Operational and maintenance activities are fundamental for the ongoing management of the parks
and playgrounds; it is considered an investment rather than a liability. The parks and playgrounds
assets rely on operational and maintenance costs for the serviceability of the assets identified in this
plan. These activities are a significant annual investment that directly influence the potential for parks
and playgrounds assets to reach their intended service life. The ongoing development of asset
knowledge through asset inspections, improved maintenance activities, subsequent defect
monitoring and repairs are fundamental in developing sustainable intervention levels for renewals
and replacement of parks and playgrounds assets.


          Budget          Forecast       Forecast        Forecast         Forecast
 Year     2020/21         2021/22        2022/23         2023/24          2024/25
 O&M      $5,397,945      $3,576,801     $4,133,796      $4,216,472       $ 4,346,164


          Budget          Forecast       Forecast        Forecast         Forecast
 Year     2025/26         2026/27        2027/28         2028/29          2029/30
 O&M       $ 4,432,180    $ 4,519,917     $ 4,609,408    $    4,700,689    $ 4,793,795

Table 2: Annual Operational & Maintenance Costs across Parks and Playgrounds


Maintenance and operational costs are identified to ensure council understands the whole of life
costs associated with the day-to-day management of parks and playgrounds assets. Figure 3 below,
identifies the long-term financial commitment required in operating and maintaining parks and
playground assets. In order to maintain assets to an acceptable level, the cumulative costs over a
ten-year period will equate to $44.8m.




Asset Management Plan: Parks and Playgrounds                                                     Page 13

                                                                                                    Page 21 of 86