2009 Corporate total asset management plan
Darwin City Council
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Darwin City Council
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60 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann 7.5.7 Financial Tracking of Expenditure on Assets and Activities Most asset classes fail to track the lifecycle costs associated with an asset, making it impossible to compare against benchmarks. At the 2004 LGAQ Annual Roads and Transport Forum, it was presented that an $8,000 barbeque has an ongoing cost to Council of $9,000 per annum over its 10 years useful life. At this stage Darwin City Councils financial recording is unable to determine our costs to this level. The primary benefit of improving the financial tracking to assets is that it provides better data for asset and financial management analysis. 7.6 Darwin City Council Asset Management Strengths While this plan identifies a number of improvement opportunities in asset management practises, Darwin City Councils major strength is the proactive ability to identify and embark upon short and long term asset management strategies and practises that will advance its long term sustainability. Examples include: Embarking on an a long term asset management improvement program. Development of the Ten Year Works Programs. The continual improvement of the Project Prioritisation System for prioritising capital works budget submissions. Establishment of the single Corporate Asset Register, Civicas Asset and Infrastructure Management (AIM) application. Appointment of an Asset Manager to support staff and to project manage the implementation of the Asset Management Strategy. Commencement of data collection and management programs for key asset groups. The use of modern technology, such as mobile loggers, for capturing asset data. Completion of data collection programs and condition surveys and the development of long term forward works programs for major asset groups including roads, footpaths, driveways and the Darwin Entertainment Centre. The establishment of an Asbestos Register in AIM for Councils Building Assets. Increasing the awareness across Council of the implications of whole of life costing for infrastructure assets. Continuous improvements to Councils mapping systems. Increased awareness of need to integrate asset management activities across all areas of Council.