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

47 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Generally number of funding sources are available for the various types of expenditure associated with asset management and service delivery. Each sub-plan will have identified the sources pertaining to the asset class, however, broadly the funding sources for each of the expenditure types have been listed below. Category Definition Funding Sources Maintenance The investment in an existing asset related to the ongoing up keep to ensure it meets its useful life. General Rates Operations The investments on day to day activities of business operations General Rates Rehabilitation / Renewal The investment of maintaining the current level of service by reinstating the original life of the asset. Depreciation, Loans. Creation / Acquisition The investment in a new asset to increase a level of service. Loans, Infrastructure Charges, External Funds, General Rates. Augmentation The investment in an existing asset to upgrade a level of service. Loans, Infrastructure Charges, External Funds, Depreciation, General Rates. Disposal Costs associated with the decommissioning of an asset. General Rates Table 4 Funding Sources These funds do not always meet the needs of asset management. It is important to understand this funding gap and the associated risks of not undertaking the proposed capital or recurrent expenditure. Based on the risks involved it may become necessary to: not provide the service, reduce the levels of service provided or increase the funding. The 3/10/20 year Financial Plan will determine the extent of funding gap.


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