2018-03-12 GC Agenda - Attachment 1 to Item 5 - Noosa Aquatic Centre Asset Management Plan

Contents
EXECUTIVE SUMMARY ...............................................................................................................................3
INTRODUCTION...........................................................................................................................................4
  Asset Management Plan Definition & Purpose ........................................................................................4
    Scope ........................................................................................................................................................4
    Noosa Aquatic Centre Facility ..................................................................................................................5
    NAC Asset Management (AM) Objectives ...............................................................................................6
    Advanced Asset Management ..................................................................................................................6
    Levels of Service ......................................................................................................................................6
    Customer Research and Expectations .....................................................................................................7
    Legislative Requirements .........................................................................................................................7
    Current Levels of Service .........................................................................................................................7
    Measured Levels of Service .....................................................................................................................8
FUTURE DEMAND .......................................................................................................................................9
  Demand Drivers ........................................................................................................................................9
    Demand Impacts on Assets ......................................................................................................................9
LIFECYCLE MANAGEMENT PLAN .......................................................................................................... 10
   Assets .................................................................................................................................................... 10
    Asset Valuation ...................................................................................................................................... 11
    NAC Asset Condition ............................................................................................................................. 11
    NAC Operations ..................................................................................................................................... 13
    NAC Maintenance Plan ......................................................................................................................... 14
    Asset Renewals ..................................................................................................................................... 15
    NAC Renewal Replacement Plan .......................................................................................................... 15
    Capital Upgrades & New Assets ........................................................................................................... 16
    Capitalisation of Assets ......................................................................................................................... 17
    Disposal and Replacement of Assets .................................................................................................... 17
RISK MANAGEMENT PLAN ..................................................................................................................... 18
  Critical Assets ........................................................................................................................................ 18
    Risk Assessment ................................................................................................................................... 18
FINANCIAL SUMMARY ............................................................................................................................. 19
  Financial Statements and Projections ................................................................................................... 19
    Funding Strategies ................................................................................................................................. 19
    Budget Forecasts ................................................................................................................................... 19
PLAN IMPROVEMENT AND MONITORING ............................................................................................. 21
  Status of Asset Management Practices ................................................................................................. 21
    Improvement Program ........................................................................................................................... 21
    Monitoring and Review Processes for the Asset Management Plan .................................................... 22
    Asset Management Effectiveness ......................................................................................................... 22
ANNEX A: NAC Stakeholders .................................................................................................................... 23
ANNEX B: MEASURED LEVELS OF SERVICE ....................................................................................... 24
ANNEX C Asset Condition Rating Matrix................................................................................................... 26
ANNEX D: NAC Asset Maintenance Plan ................................................................................................. 27
ANNEX E: NAC Asset Renewal program .................................................................................................. 31
ANNEX F: NOOSA COUNCIL CRITICALITY MATRIX ............................................................................. 35



                                                                                                                                                        Page 2