2019-02-12 Attachment 1 to Item 3 - Stormwater Infrastructure Asset Management Plan

Figure 8: Stormwater Infrastructure 10-Year forecasted expenditures


The ongoing development of maintenance and condition assessment 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: Stormwater Infrastructure                                              Page 18