Asset management integration
This project successfully produced for local councils, an asset management and financial planning Maturity Assessment Report and suite of guidance papers.
Maturity assessment report
The project has enabled an asset management and financial planning Maturity Assessment Report to be created for councils. The report provided insight into SA councils asset management planning and report capability. The report analyses the prevalence and extent that asset management plans are aligned with councils long-term financial plans.
The report, made available to all councils, contained insights into the current maturity of asset management and financial management planning in SA councils. It also assisted councils in understanding their current level of maturity and where improvements could be made.
Guidance information papers
The project's second component included the development of a suite of guidance information papers. The papers were written primarily for the benefit of council members and staff, covering various topics relevant to asset management.
Councils can visit asset management information papers to access the papers.
Topics covered
The following papers were developed based on stakeholder surveys, conversations with IPWEA and on observations contained within recent Auditor-General reports:
- Governance Arrangements
- Asset Management System (Policy, Strategy and Plan)
- Data Requirements
- Levels of service
- Forecasting Future Demand
- Lifecycle Management
- Managing risk and resilience
- Financial Projections for Long Term Financial Plans (LTFP)
- Community Engagement (agreed with IPWEA to not publish in light of LG reform work underway on community engagement requirements)
- Assessing and updating Useful Life
- Accounting for infrastructure
- Financial Strategy and Performance Reporting
- Continuous Improvement