2009 Corporate total asset management plan
Darwin City Council
City of Darwin reports; Reports; PublicationNT
2009
Made available via the Publications (Legal Deposit) Act 2004 (NT).
Date:2009
English
Darwin(N.T.) -- Council -- Periodicals
Darwin City Council
Darwin
Check within Publication or with content Publisher.
https://hdl.handle.net/10070/240707
https://hdl.handle.net/10070/621982
37 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann The benefits of formalising the process for identifying whole of life costs include: Informed decisions on the total cost to Council is presented and considered when approving strategies and new capital projects; The best whole of life options are taken, rather than just the best capital cost; Better long term management of assets; Better long term financial forecasting on real data. 5.3 Lifecycle Expenditure Category Definitions The lifecycle costs associated with the management actions to achieve the defined levels of service can be divided into one of the following expenditure categories: Recurrent Expenditure: These expenses are related to those actions which ensure the asset will continue to perform at a satisfactory level. Capital Expenditure: These expenses relate to increases in an assets capacity, useful life or level of service provided. The different types of recurrent expenditure include: Operational Planned Maintenance (Proactive); and Unplanned Maintenance (Reactive). Capital expenditure includes any expenditure associated with: Capital rehabilitation/renewal; Creation/Acquisition; Augmentation; and Disposal.