2017-09-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA   12 SEPTEMBER 2017




                                                         Page 13 of 70

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                           12 SEPTEMBER 2017

                                                                                             Noosa Council
                                                                           Strategic Asset Management Plan

                         Noosa Council is developing its Strategic Asset Management Framework based on
                         the three essential asset management components, as follows:
                         ¢   The Asset Management Policy
                         *   The Strategic Asset Management Plan
                         ¢   Asset Management Plans
                         These are described for the Noosa Council business environment in the following
                         sections:
                         4.1    Asset Management Policy
                         Council’s “Asset Management Policy" (adopted November 2016) provides
                         strategic direction for future asset management practices. This Policy recognises
                         that asset managementis at the centre of its overall long-term financial and strategic
                         planning processes. The Policy also states that effective asset management will be
                         achieved through:
                             1. Governance
                                    e   Support at the leadership level to promote the importance of asset
                                       management throughout the organisation; and
                                    e  Clear accountability for asset condition and performance with a
                                       whole-of-council approach to the continued improvement and
                                       development of asset management activities.
                             2. Asset Plannin
                                    e  A focus on risk, demand, community benefit and whole-of-life costs
                                       in the management of assets:
                                    e  The allocation of sufficient resources for the development and
                                       ongoing review of asset strategies and plans; and
                                    e  The establishment of an asset management framework that provides
                                       inputs directly into Council’s budget and financial forecasts.
                             3. Decision Making
                                    e  Effective   asset  management     decision-making    across   the
                                       organisation through a robust and endorsed asset management
                                       governance framework.
                                    e  Decisions are evidenced-based and utilise      appropriate asset
                                       information to ensure consideration of the asset risks and life-cycle
                                       benefits for the community:
                                    e  Council’s assets are managed in a systematic and sustainable
                                       manner based on agreed levels of service; and
                                    e  Agreed minimum asset sustainability targets are met, in keeping
                                       with Council’s Financial Sustainability Policy.

                                                                                                     Page 13 of 70