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2009 Corporate total asset management plan



2009 Corporate total asset management plan

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Darwin City Council


City of Darwin reports; Reports; PublicationNT




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






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

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Darwin City Council

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41 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann 6.0 Financial Planning This chapter presents financial forecast summaries for the next 20 years for roads, buildings, carparks and stormwater assets. The forecasts are based on assumptions from information found in various Darwin City Council financial plans. This includes the Ten Year Financial and Capital Works Plans and historical expenditure on operations, maintenance and refurbishment works. 6.1 Financial Projections One of the primary objectives of the Asset Management Plans is to outline the financial implications of the existing and future asset base. The financial projections identify the optimum expenditure for each asset class to provide the desired level of service, for present and future customers. The process is defined as follows: Figure 10 Financial Forecast Development Figure 11 below outlines the age profile of Councils building, road and stormwater assets based on their estimated construction years and current replacement costs for these assets. Peaks in the 1970s and early 1980s relate to the development of the Northern Suburbs. The 1987 peak primarily relates the construction of the Darwin Entertainment Centre. This helps to provide an indication of when these Current Budget Historical Asset Register Capital Works Database Operational Maintenance Age Profile Condition Capital Works Priority Infrastructure Life Cycle Cost Strategies / Levels Of Service 2007/08 2008/09 $,000 $,000 TOTAL OPERATIONS TOTAL MAINTENANCE TOTAL RENEWALS TOTAL EXPANSION TOTAL UPGRADE / AUGMENTATION TOTAL DISPOSALS TOTAL Activity Timing DISPOSALS CAPITAL UPGRADE / AUGMENTATION CAPITAL EXPANSION CAPITAL RENEWALS / REPLACEMENTS MAINTENANCE OPERATIONS Financial Forecasts