2023-2033 Asset Management Plans
The Town of Walkerville’s assets provide valuable services to the district and consist of more than 5,000 individual assets, including transport (roads, footpaths, kerb and carparks), buildings, stormwater, open space (structures furniture and facilities) and plant and equipment.
The purpose of an Asset Management Plan (AMP) is to ensure that assets provide their required levels of service in the most cost effective manner to cater for both the present and future community. The plan specifies the requirements for the effective management of assets and the corresponding financials.
In accordance with the Local Government Act 1999, Council is required to review its Asset Management Plans a minimum of every four years to ensure the Township’s valuable services are properly maintained to a high standard. This allows Council to deliver the required level of service to the community in the most cost-effective manner.
To ensure there is appropriate oversight of these assets, Council reviews sections of the Asset Management Plans to ensure these important assets are well-maintained and meeting community expectations.
Council’s Asset Management Plans have been prepared to meet legislative and organisational requirements for sustainable service delivery, as well as long term financial planning and reporting. In total, the assets portfolio has a replacement value of $190 million and a “Fair Value” (depreciated replacement value) of $140 million.
Council released its first set of new Asset Management Plans for community consultation in October 2023, reviewing three major Council asset classes: roads, footpaths and stormwater. The plans were formally endorsed by Council at the 20 November 2023 Ordinary Meeting, by resolution CNC100/23-24.
Asset Management Plans for buildings and open space, along with a Fleet Replacement Plan, will be developed in 2024.