2016-11-14 General Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA   8 NOVEMBER 2016


                                                     ATTACHMENT 1




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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                               8 NOVEMBER 2016

                                                                                  ATTACHMENT 1

   | ¢ » |   NOOSA                                                        Council Policy
   mm meee                                               ASSET MANAGEMENT

  Corporate Plan Reference:                 Looking after community assets
  Endorsed by Council:                      17 November 2016
  Policy Author:                            Asset Planning Coordinator

  POLICY BACKGROUND

  Council is responsible for the management of a significant value of diverse infrastructure and
  assets on behalf of the Noosa community. Council recognises that these assets must be
  appropriately managed so that they can continue to deliver services to the community in a
  sustainable manner into the future.

  The network of infrastructure assets within the Noosa shire is relatively complete, with limited
  growth expected into the future. However, there will always be a need to consider upgrades of our
  infrastructure by replacing infrastructure with new modern standards - examples would include
  timber bridges with culverts / concrete bridges and gravel roads with sealed road surfaces. As
  such, Council's priority will be to balance the need to maintain existing assets and infrastructure to
  agreed service levels with the consideration of new assets and infrastructure.
  Asset management is considered a key ongoing focus for Council and is at the centre of Council’s
  overall long-term financial and strategic planning processes. Effective asset management will
  assist Council in meeting its medium and longer term strategic and financial sustainability
  objectives.
  COUNCIL POLICY

  This policy outlines Council's strategic direction for the management of its infrastructure and other
  associated assets. Effective asset management will be achieved through:

  1. Governance
      a. Support at the leadership level to promote the importance of asset management throughout
         the organisation;
      b. An asset management framework which ensures accountability for asset      condition and
         performance with a whole of council approach to the continued improvement and
         development of asset management activities; and
      c. Ensuring the effective operation of the cross functional Asset Management across the
         organisation through an endorsed asset management governance framework.

  2. Asset Planning
      a. A focus on risk, demand, community benefit and whole of life costs in the management of
         assets:
      b. The allocation of sufficient resources for the development and ongoing review of asset
         strategies and plans; and
      c. The establishment of an asset management framework that provides inputs directly into
         Council’s budget and financial forecasts.

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