City of Stirling Buildings Asset Managment Plan 2018 - 2028

5.3.3 Summary of future renewal expenditure Projected future renewal expenditures are forecasted to increase over time when the asset stock increases. The expenditure required is shown in Figure 5.3.3. The projected capital renewal and replacement program is provided in Appendix A and B.

Renewal and replacement standards

Renewal work is carried out in accordance with the following standards and specifications. • Australian Standards • Building Code of Australia • Disability Discrimination Act 1992 • Disability (Access to Premises – Buildings) Standards 2010 • Council-developed standards and specifications.

$6,000

$5,900

$5,800

$5,700

$5,600

$5,500

$5,400 $ (thousands)

$5,300

$5,200

$5,100

$5,000

2019

2024

2021

2031

2027

2037

2025

2028

2020

2026

2023

2029

2022

2032

2035

2033

2038

2034

2036

2030

Year

Figure 5.3.3 Projected capital renewal expenditure

Deferred renewal and replacement, ie, those assets identified for renewal and/or replacement and not scheduled in capital works programs, are to be included in the risk analysis process in the risk management plan. Renewals and replacement expenditure in the capital works program will be accommodated in the Long-Term Financial Plan. This is further discussed in Section 7.

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