Assets Management

Asset Register
Tumut Council maintains an asset register that contains records of the infrastructure assets that Council manages.  The infrastructure assets that Council manages include:

  • Buildings – for example
  • Offices
  • Pump stations
  • Works depots
  • Land, for example
  • Operational
  • Works depots
  • Water filtration
  • Community
  • Parks
  • Showgrounds
  • Plant and equipment, for example
  • Pumps
  • Construction equipment
  • Other structures, for example
  • Aerodromes
  • Parks and gardens
  • Shelters
  • Swimming pools
  • Roads – local and regional, urban and rural roads/streets.  For example
  • Bridges
  • Culverts
  • Footpaths, cycleways
  • Kerb and gutter
  • Pavements – sealed, unsealed
  • Road surfaces
  • Traffic management structures
  • Traffic islands
  • Stormwater drainage, for example
  • Pipes
  • Pits
  • Water, for example
  • Mains – hydrants, valves, etc
  • Reservoirs
  • Pump stations
  • Water filtration plants
  • Wastewater (sewerage services), for example
  • Mains – manholes, etc
  • Pump stations
  • Sewage treatment works

Asset Management Plans
Tumut Council uses the information held in the asset register to assist in the cost effective provision and management of a sustainable asset infrastructure on behalf of its stakeholders.

The purpose of Asset Management Plans is to identify and document:

  • The purpose of the plan
  • To demonstrate responsible management
  • To communicate and justify funding requirements
  • To comply with regulatory requirements
  • Asset description
  • Assets covered by the plan
  • Levels of service
  • Agreed levels of service, performance measures and how they are set
  • Future demand
  • Factors influencing future demand
  • Impact on changing demand of assets
  • Lifecycle management plan
  • Lifecycle management strategies (operations, maintenance, disposal, etc)
  • Financial summary
  • Long term income and expenditure (cashflow) projections for each significant asset group
  • Sources of funding
  • Asset management practices
  • Assets data, information systems, processes (decision-making) and implementation tactics
  • Monitoring and improvement program
  • How performance of plan will be monitored
  • Actions required to improve accuracy and confidence of plan
  • Timetable for review of plan

Asset Related Works
Works undertaken in response to an adopted Asset Management Plan include:

  • Maintenance – works undertaken on existing assets that assist to maintain an agreed level of service over the design life of an asset
  • Renewal – works undertaken to replace existing assets that are no longer able to provide an agreed level of service
  • Upgrade – works undertaken to upgrade the level of service currently offered by an existing asset
  • Expansion – works undertaken to construct new assets additional to those that already exist

Funding a Sustainable Asset Infrastructure
Asset Management Plans identify future work and cashflow needs that are required to sustain the asset infrastructure.  Funding sources are determined and ideally cashflows made available on an annual basis, based on the identified work requirements.

The various works (typically one of the work types listed above in, ‘Asset related works’) are then undertaken with the completed works information fed back into the asset register.  This updated information is in-turn later fed back into the relevant Asset Management Plan on an agreed cycle so that the future asset infrastructure needs prediction can remain as current as possible or as needed.

Asset Management – additional information
Where additional asset management related information is required, please contact Tumut Shire Council’s Engineering Services Department at admin@tumut.nsw.gov.au