A strong sustainable Council requires a robust planning process to ensure infrastructure assets are maintained and renewed in the most appropriate way on behalf of its community. Council maintains Asset Management Plans which guide the scheduling of maintenance, refurbishment, renewal and replacement of assets, when it is optimal to do so, in order to minimise asset lifecycle costs for any determined level of service.
The infrastructure renewal ratio is a measure of the amounts of funds spent on renewing assets relative to depreciation. By maintaining the renewal ratio consistently greater than or equal to 1.0, indicates Council is replacing or renewing its assets at the same rate that its overall stock of assets is wearing out for the period. Council’s Asset Renewal Expenditure ratio can be seen within the
Financial Performance and Sustainability section.
A breakdown of our expenditure on Buildings and Infrastructure over the next four years is below: