2022-07-12 - S&O Agenda - Item 3 - Attachment 1 - Governance Framework Report

  CAPITAL EXPENDITURE
  Council’s Capital Works Program outlines the proposed infrastructure delivery
  program for the next ten years. The program also responds to asset management
  plans across various infrastructure classes such as roads, buildings, parks etc. and
  feeds into our long-term financial planning. As such, expenditure management
  outcomes will be measured by how Council performs annually against its
  operating and capital expenditure budget allocations. Subsequently, each year
  Council reviews its Capital Works Program as part of budget deliberations.
  During this review process, projects may be deferred, removed or brought
  forward and estimated project costs may be adjusted.




  ASSET MANAGEMENT
  Effective asset management is crucial to good governance and the community
  expects that local government assets are appropriately managed so that they can
  continue to deliver services to the community in a sustainable manner into the
  future. Council has an Asset Management Policy which states that our priority is to
  balance the need to maintain existing assets and infrastructure to agreed service
  levels with the consideration of new assets and infrastructure in a financially viable,
  efficient and sustainable manner.




NOOSA SHIRE COUNCIL                                                              PAGE 35