Funds future-proof Council’s $600 million of assets

Council’s robust financial planning has been demonstrated with the development of five management plans that cover more than $600 million worth of assets.

The draft asset management plans, which the community can now review and provide feedback on, are important documents that guide Council in the planning and investment into maintaining its assets and infrastructure, now and into the future.

These assets include all Council buildings, sports and community facilities, parks and reserves, the stormwater network to machinery and vehicles, roads, footpaths and kerbs.

“The five plans, and the overarching Draft Asset Management Strategy, demonstrate that Council has more than $112 million allocated for the renewal of Council’s assets over the next 10 years,” Holdfast Bay Mayor Amanda Wilson said.

“This is an essential part of our long-term financial planning as the management of our assets is a significant part of Council’s annual expenditure.

“This also demonstrates Council’s robust and sustainable financial modelling for the next decade.”

The asset management plans cover five categories:

• Buildings
• Open Space
• Plant and Equipment
• Stormwater
• Transport

Each draft plan outlines the total value of the assets, their current condition, the improvement plans and annual expenditure.

Following a thorough review by the independent Audit and Risk Committee, Council has approved the plans to be made available for community feedback.

The Draft Asset Management Strategy and draft plans are now available to review and provide feedback on via our website, yourholdfast.com or in person at the Brighton Civic Centre and the Brighton and Glenelg libraries.

This community engagement is open until 5pm on Thursday 19 September 2024.