LGA ‘Infrastructure and Asset Management (Policy and Planning) Information Paper
and develop to a more advanced level identifying strategies to reduce lifecycle costs through improved practices and new technology. Deciding on the level at which Councils are aiming is a key strategic decision to be made by individual Councils.
Asset management will evolve in a continuous cycle of review and improvement so the quality of outputs matches the changing business needs of Councils.
A note on depreciation
measures the consumption of an asset over a particular time period.
any service needs continue services.
to be considered by communities and the Council in deciding The full cost of providing the service needs to be funded.
Traditional depreciation methodologies are formula-based and assume that an asset is defined as an item that has a finite life.
Depreciation will be subject of another information paper in this series.
Association of Local Government Engineering NZ Inc, Institute of Public Works Engineering
Australia (2006), New Zealand.
This project has been assisted by the Local Government Research and Development Scheme.
LGA Financial Sustainability Program – www.lga.sa.gov.au/goto/fsp