2018-04-10 S&O Agenda - Attachment 1 to Item 6 - Sand Recycling System Asset Management Plan

                                 Cumulative Maintenance Costs
 $300,000.00


 $250,000.00


 $200,000.00


 $150,000.00


 $100,000.00


  $50,000.00


         $-
                2018     2019     2020     2021    2022     2023      2024     2025    2026     2027

                                   Maintenance        Maintenance Cumulative


Figure 4: SRS Cumulative Maintenance Costs

4.6      Asset Renewals
The purpose of developing a renewal plan is to identify assets that need to be replaced to maintain
and operate the facility. Asset failure due to lack of renewal will affect the operations of the facility
and subsequently the service provided to the Noosa community.

SRS asset renewals are condition based. Recent condition assessments has provided staff the
ability to develop a Capital Renewal Program (Annex D lists the renewal program by asset). There
are assets that have not been included in the condition assessments and subsequent maintenance
and renewal plans. Underwater and more detailed electrical / mechanical assessments were not
included and should be considered for future condition assessments.


4.7      Renewal Replacement Plan
Renewal expenditure is work which does not increase the SRSs design capacity but restores,
rehabilitates, replaces or renews an existing asset to its original service capacity. Improved condition
assessment data compiled in 2017 included asset renewal considerations based on physical
conditions and estimates of remaining useful life of assets therefore guiding renewal programs.
Renewal plans are developed to maintain levels of service to ensure assets achieve their optimal
useful life before they reach the asset condition range of 5. A renewal program is defined in Annex
E.

The graph below depicts the planned renewals by asset class over the next 10 years. There are no
significant planned renewals until 2027/2028 financial year for a major pump at the Sea Water Pump
Station. As the facility is just going on 10 years there are very little renewals planned other than the
pipe replacement program of $50k every second year. As these assets age continued condition
assessments will be required to monitor the assets and adjust more defined renewal plans. The
graph below enables Council to identify and plan for these significant renewal activities.




Asset Management Plan: Noosa Main Beach Sand Recycling System                                   Page 13