2018-08-07 S&O Agenda - Att 1 to Item 1 - Draft Bridges Asset Management Plan

6. Financial Summary
6.1    Financial Statements and Projections
Council’s bridges play a vital role in connectivity of the 867km road network (both 670km sealed and
197km unsealed roads) across the Noosa Shire. There are a total of 51 Road Bridges and 5
Underpass pedestrian bridges on Council’s asset register that are considered in this AMP. These
bridges have a current replacement value of $103m, which equates to 10% of Council’s financial
assets.

The operational and maintenance expenses for bridges make up approximately 3% of the $70m
annual budget. The capital works program fluctuates from year to year, however, the 2018/19 capital
works program the capital investment of $2.6m for road bridges equates to 9% of the $28m capital
works program.

The Civil Operations Branch Plan details the financial statements and projections associated with
the operational and maintenance expenses for the road bridges on an annual basis. The capital
investments including renewals, upgrades and expansions are highlighted in the annual capital
works program which is reflected in the 10 year capital works program.


6.2    Funding Strategies
The immediate improvements to funding requests for maintenance and renewals in the budget
process are now evidence based and are supported from the condition assessments that have been
carried out.

The funding strategy, key assumptions, reliability and confidence levels are detailed in the Council’s
long-term financial plan. More detailed funding strategies that promote the long-term sustainability
of the road bridges will be further developed and defined in future asset management plans.


6.3    Budget Forecasts
Budget forecasts will continue to be developed as information is captured and reported from the
Technology One (T1) financial system. The annual review of actuals, maintenance and renewal
activities against budget will initiate further development and identify trends that are reportable and
reflect future year forecasts.




Asset Management Plan: Road Bridges                                                            Page 17