Draft Parks and Playgrounds Asset Management Plan

                Cumulative Total Maintenance, Renewal and Upgrade Costs

                              O&M Total (Annual)                           Renewal Total (Annual)
      $90,000,000.00
                              Combined Total (Cumulative)                  Upgrade Total (Annual)
                              Linear (Combined Total (Cumulative))
      $80,000,000.00


      $70,000,000.00


      $60,000,000.00


      $50,000,000.00


      $40,000,000.00


      $30,000,000.00


      $20,000,000.00


      $10,000,000.00


                  $-
                       2020    2021    2022     2023    2024     2025   2026   2027    2028     2029   2030


Figure 6: Parks and playgrounds 10-Year forecasted expenditures


Development of ongoing maintenance activities will ensure that future asset failure will be minimised
with a “no-surprises” approach for future funding forecasts. This will be supported through the initial
development of condition monitoring to predict potential maintenance and renewal requirements. In
compiling the current forecasts the following general assumptions have been identified.

•     Proposed Capital Renewal Program will be funded in accordance with the current Council
      model adopted;
•     Renewal works will be prioritised according to asset condition;
•     The condition of the assets reflect what is reported within this document;
•     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: Parks and Playgrounds                                                                  Page 19