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LGA ‘Infrastructure and Asset Management (Policy and Planning) Information Paper

  • -

    August 2006

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

Depreciation consumption

measures the consumption of an asset over a particular time period.

The

of

an

asset

is

part

of

the

cost

of

providing

a

service.

The

full

cost

of

providing

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.

to

provide

or

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.

Reference

Association of Local Government Engineering NZ Inc, Institute of Public Works Engineering

Australia (2006), New Zealand.

International

Infrastructure

Management

Manual

-

International

Edition,

Acknowledgement

This project has been assisted by the Local Government Research and Development Scheme.

6

DME 25101

LGA Financial Sustainability Program – www.lga.sa.gov.au/goto/fsp

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