Territory Stories

2009 Corporate total asset management plan

Details:

Title

2009 Corporate total asset management plan

Other title

Darwin City Council

Collection

City of Darwin reports; Reports; PublicationNT

Date

2009

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Notes

Date:2009

Language

English

Subject

Darwin(N.T.) -- Council -- Periodicals

Publisher name

Darwin City Council

Place of publication

Darwin

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/240707

Citation address

https://hdl.handle.net/10070/621982

Page content

3 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann 5.3 Lifecycle Expenditure Category Definitions................................... 37 5.3.1 Asset Hierarchy ....................................................................... 38 5.3.2 Useful Life ............................................................................... 40 6.0 Financial Planning ......................................................................41 6.1 Financial Projections........................................................................ 41 6.2 Financial Statements and Projections ............................................ 42 6.3 Sustainability of service delivery .................................................... 43 6.4 Medium and Long Term financial planning periods ................... 44 6.5 Funding Strategy .............................................................................. 46 6.6 Key Assumptions made in Financial Forecasts............................. 48 6.7 Valuations and Revaluations ........................................................... 50 7.0 Improvement Program................................................................52 7.1 Introduction....................................................................................... 52 7.2 Asset Management Process Improvements................................... 52 7.3 Asset Management Information System Improvements ............... 55 7.4 Asset Management Data and Knowledge Improvements.............. 56 7.5 Immediate Improvement Projects Scope........................................ 58 7.5.1 Development and Maintenance of Councils Corporate Asset Register (AIM)..................................................................................... 58 7.5.2 Development and Maintenance of Asset Management Plans for Key Asset Groups............................................................................... 58 7.5.3 Asset Condition Assessment and Data Collection Program.... 58 7.5.4 Minor Asset Management Capital Projects ............................. 59 7.5.5 Lifecycle Finance Planning...................................................... 59 7.5.6 Review of Asset Registers and Collection of Condition Data .. 59 7.5.7 Financial Tracking of Expenditure on Assets and Activities .... 60 7.6 Darwin City Council Asset Management Strengths....................... 60 Glossary ....................................................................................................... 61