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

38 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Category Definition Typical Activities Maintenance The investment in an existing asset related to the ongoing up keep to ensure it meets its useful life. Inspections, mowing, painting, pothole patching. Operations The investment on day to day activities of business operations. Utility costs, Power costs Rehabilitation / Renewal The investment of maintaining the current level of service by reinstating the original life of the asset. Reseals, Park infrastructure replacement. Replacing an item of plant. Creation / Acquisition The investment in a new asset to increase a level of service. construction of Local Area Traffic Management assets. Acquisition of a new BBQ. Installation of a Stormwater Quality Improvement Device to a catchment. Augmentation The investment in an existing asset to upgrade a level of service. Widening an existing road, shopping centre enhancement, upgrading the capacity of a drainage network. Disposal Costs associated with the decommissioning of an asset. Sale of plant / equipment, demolition of a building. Table 1 Lifecycle Expenditure Category Definitions Each asset class Asset Management Plan identifies a summary of predicted future expenditure for the above categories. 5.3.1 Asset Hierarchy The rationale of an asset hierarchy is to group like assets for managing and reporting purposes. The AMPs will provide lifecycle management plans at the asset group or asset type level, depending on the availability and reliability of Councils data. An asset hierarchy that is aligned with the format recommended in the International Infrastructure Management Manual and meets the needs of each key asset management activity has been put in place for each asset group. For example, for depreciation and insurance purposes the valuation of buildings may be against the whole building. However the value of the key components within the building, including their condition, may need to be known to allow better forward planning for renewals. Maintenance activities may need to be assigned at the component level (such as Air-conditioning Unit No.1), whilst others may be assigned to the whole site, e.g. gardening. Additionally some of these tasks may span a number of buildings or locations. The definition of the various levels of the asset hierarchy is included in Table 2 below.


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