8 Funding for Long-Term Sustainability The main theme underpinning the Asset Plan 2022-2032 and broader asset management planning principles is ensuring responsible stewardship of Council assets to meet the needs of tomorrow’s community. This acknowledges the many and varied factors that influence the delivery of the community’s infrastructure. Some of these challenges are legacy issues, others are simply the demands of a progressive society that is constantly seeking to improve. Either way, Council is responsible for ensuring that its infrastructure contributes to achieving its long term aspirations and supports a healthy, wellconnected and prosperous community.
8.1
Asset Investment Strategy
Looking ahead to the next 10 years, Council’s approach is to be prudent in its investment decisions using a holistic lifecycle approach to asset management. This means that Council will aim to plan its assets so that they will continue to support quality living, economic development and the environmental integrity of Golden Plains Shire in the long term.
Inverleigh Main Street Drainage Before and After
In planning and providing infrastructure requirements in the next 10 years, Council will aim to: Optimise asset life through timely and effective maintenance
There is no one-size-fits-all care programme for all assets. Council will continue to use a mix of approaches, including preventive maintenance, reactive maintenance, run-to-failure (breakdown maintenance), predictive maintenance and risk-based maintenance for critical assets.
Continue to replace ageing infrastructure
Through a robust asset renewal programme, Council will progressively replace assets as they reach the end of their useful life. The rate of asset renewal is intended to maintain the overall condition of the asset system at a standard that reflects its criticality and age profile and ensures that the community’s investment in infrastructure is sustained.
Maintain current levels of service
Using a holistic lifecycle approach to asset management, Council’s decisions will be data driven to maximise the performance and life of its assets without diminishing the net level of service over the long term.
Manage the impacts of growth and land use change
Our strategic plans will provide guidance on future asset needs by identifying location and scale of growth. Contributions from development will be taken to fund necessary infrastructure so that growth pays for growth, and costs are not unfairly borne by established communities.
Comply with legislative requirements
Council acknowledges and will action legislated standards in infrastructure planning and development.
Provide long-term affordable services
Council’s financial strategy will continue to reflect the balancing of ratepayer affordability against community needs and aspirations.
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Asset Plan 2022-2032 | Golden Plains Shire Council
