City of Stirling Buildings Asset Managment Plan 2018 - 2028

5.4.3 Summary of future upgrade and new assets expenditure Projected yearly upgrade and new asset expenditures are summarised in Figure 5.4.

$16,000

$14,000

$12,000

$10,000

$8,000

$ (thousands)

$6,000

$4,000

$2,000

$0

2019

2024

2021

2031

2037

2027

2025

2028

2026

2023

2029

2022

2020

2032

2035

2033

2038

2036

2034

2030

Year

Capital new

Capital upgrade

Figure 5.4 Projected capital replacement upgrade and new asset expenditure

Acquiring new assets commits the City to the ongoing funding of operations, maintenance and renewal costs for the period that the service provided from the assets is required. Expenditure on new assets and services in the capital works program will be accommodated in the Long-Term Financial Plan. This is further discussed in Section 7.

Peaks in years 2020 and 2021 are due to the planned Balcatta Recycling Centre upgrade. Other projects contributing to the projected capital expenditure include Princess Wallington Reserve, Hamersley Golf Course, Des Penman Reserve and the Carine Regional Open Space Master Plan.

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