Asset Management Policy

Policy 3.4 Version 3
Adopted 19 September 2017

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Objectives

  1. To actively and cost effectively manage the creation, development, ongoing operation/maintenance and renewal/disposal of assets owned by Kempsey Shire Council for the benefit of residents, ratepayers and visitors to the Kempsey Shire.
  2. This will be achieved through:
    1. Establishing an understanding of the whole of life cost of providing infrastructure to the community and reviewing the level of service/income to achieve long term sustainable funding of infrastructure.
    2. Development of an Asset Management Strategy which will detail the current areas where the objectives are not being achieved and provide a strategy of how to manage the existing situation.
    3. Development and implementation of levels of service which are reflective of the infrastructure capacity and condition as well as the community’s capacity and willingness to fund.
    4. Creating an environment where all Council employees take an integral part in overall management of Council assets by creating and sustaining asset management awareness throughout the organisation.
    5. Safeguarding Council assets including physical assets and employees by implementing appropriate asset management strategies and appropriate financial resources for those assets.
    6. Demonstrating transparent and responsible processes that align with demonstrated best practice, establish responsibility, meet legislative requirements and allocate adequate resources for asset management.

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