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

The reactive nature of equipment failure and the initial development of condition monitoring indicates
there is potential difficulty and limited scope to predict breakdown-related maintenance. However, in
pulling these forecasts together the following general assumptions have been identified.
•     Proposed Capital Renewal Program will be funded as per the current Council model adopted;
•     Renewal works will be prioritised according to asset condition;
•     The condition and physical footprint of the SRS as stated as of June 2017;
•     Current maintenance funding levels will meet service level requirements;
•     Renewals, maintenance and isolated failure replacement is generally ‘like for like’;
•     Where a renewal must be provided to a higher standard, the difference in cost between a ‘like
      for like’ renewal and the higher standard is to be treated as an asset upgrade.
•     Depreciation is in accordance with Council policy;
•     There is no allowance for CPI as the continuing revaluation and condition inspection process
      will make adjustments for current rates.




Asset Management Plan: Noosa Main Beach Sand Recycling System                                 Page 18