The draft SAMP outlines our 10-year asset management program, detailing the value, condition, and management of our assets, such as roads, parks, and community buildings.
It aligns with our Community Vision 2034, providing transparency on how we manage assets to meet community goals and improve financial sustainability. It is focused on renewing, restoring and improving what we have.
Key components of the SAMP include:
- Asset condition, value, and maintenance needs.
- 10-year financial projections for asset management.
- Performance indicators linked to community goals.
- Risk management and opportunities for optimisation.
Recent updates to the SAMP focus on reducing debt and improving efficiency:
- Revised funding models for road renewals and sport and recreation assets.
- Adjustments for operational costs due to asset growth.
- Introduction of a 10-year project pipeline and future natural asset planning.
Given the capital value of our road infrastructure exceeds $1.1 billion, much of our focus is on effective road maintenance and renewal strategies, using methods like asphalt overlays and deep lift reconstruction. Our aim is to ensure longevity and safety for all users.
This review of the SAMP reflects our commitment to asset management best practices, meeting legislative requirements and aligning with our long-term financial goals.
