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

Table of Contents
1.   Executive Summary ............................................................................................................. 3
2.   Introduction .......................................................................................................................... 4
     2.1         Asset Management Plan Definition and Purpose...................................................... 4
     2.2         Scope ....................................................................................................................... 4
     2.3         Sand Recycling System Facility ............................................................................... 5
     2.4         Sand Recycling System Asset Management Objectives........................................... 6
     2.5         Levels of Service ...................................................................................................... 6
     2.6         Legislative & Licence Requirements......................................................................... 6
     2.7         Current Levels of Service ......................................................................................... 7
     2.8         Measured Levels of Service ..................................................................................... 7
3.   Future Demand .................................................................................................................... 8
     3.1         Demand Drivers ....................................................................................................... 8
     3.2         Demand Impacts on Assets...................................................................................... 8
4.   Lifecycle Management Plan ................................................................................................ 9
     4.1         Assets ...................................................................................................................... 9
     4.2         Asset Valuation ........................................................................................................ 9
     4.3         Asset Condition ........................................................................................................ 9
     4.4         Operations ............................................................................................................. 11
     4.5         Maintenance Plan .................................................................................................. 12
     4.6         Asset Renewals ..................................................................................................... 13
     4.7         Renewal Replacement Plan ................................................................................... 13
     4.8         Capital Upgrades and New Assets ......................................................................... 15
     4.9         Capitalisation of Assets .......................................................................................... 15
     4.10        Disposal and Replacement of Assets ..................................................................... 15
5.   Risk Management .............................................................................................................. 16
     5.1         Critical Assets ........................................................................................................ 16
     5.2         Risk Assessment.................................................................................................... 16
6.   Financial Summary ............................................................................................................ 17
     6.1         Financial Statements and Projections .................................................................... 17
     6.2         Funding Strategies ................................................................................................. 17
     6.3         Budget Forecasts ................................................................................................... 17
7.   Plan Improvement and Monitoring ................................................................................... 19
     7.1         Status of Asset Management Practices .................................................................. 19
     7.2         Improvement Program............................................................................................ 19
     7.3         Monitoring and Review Processes for the Asset Management Plan ....................... 20
     7.4         Asset Management Effectiveness .......................................................................... 20




Asset Management Plan: Noosa Main Beach Sand Recycling System                                                                         Page 1