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

8 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Twenty Year Projected Renewals and Planned Renewals Funding Gap (Roads, Buildings and Stormwater) $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Projected Renewals + Maintenance Planned Renewals + Maintenance Ave Projected Renewals + Maintenance Ave Planned Renewals + Maintenance 20 Year Average Shortfall in Renewal Expenditure = deficit $1.84m p.a. Copy of Fig 14. Twenty Year Projected and Planned Renewals Funding Gap An independent peer review of this initial analysis will be carried out to ensure that the information provides a reasonable and accurate representation of Darwin City Councils financial sustainability. Asset Management Plans for major asset classes will identify specific projects to improve asset management processes, information systems or data for the immediate future. The following projects have been determined as the most urgent and important to corporately improve the management of Council assets. Development and Maintenance of Councils Corporate Asset Register (AIM) Darwin City Councils corporate asset register known as AIM (Civicas Asset and Infrastructure Management application) is being developed to act as a central repository of asset data in order to minimise stand alone systems and duplication of data and effort. It is intended to hold information for use by all staff and particularly data for use by the financial, capital planning, works management, asset inspection, and mapping systems.