City of Stirling Drainage Asset Managment Plan

7.1.2 Projected expenditures for Long-Term Financial Plan Table 7.1.2 shows the projected expenditures for the 10-year Long-Term Financial Plan. Expenditure projections are in 2018/19 real values. Table 7.1.2: Projected expenditures for Long-Term Financial Plan (thousands)

Year

Operations Maintenance Projected capital renewal

Capital upgrade/ new

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038

$1,012 $1,020 $1,028 $1,035 $1,042 $1,049 $1,056 $1,063 $1,070 $1,077 $1,084 $1,091 $1,098 $1,105 $1,112 $1,119 $1,126 $1,133 $1,140 $1,147

$742 $748 $754 $759 $764 $769 $774 $779 $784 $789 $795 $800 $805 $810 $815 $820 $825 $831 $836 $841

$1,064 $1,100 $1,500 $1,500 $1,500 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$3,841 $3,450 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250 $3,250

7.2 Funding strategy Funding for assets is provided from the budget and Long-Term Financial Plan. The financial strategy of the entity determines how funding will be provided, whereas the asset management plan communicates how and when this will be spent, along with the service and risk consequences of differing options. 7.3 Valuation f orecasts Asset values are forecast to increase as additional assets are added. Additional assets will generally add to the operations and maintenance needs in the longer term, as well as the need for future renewal. Additional assets will also add to future depreciation forecasts.

7.4 Key assumptions made in financial forecasts This section details the key assumptions made in presenting the information contained in this asset management plan. It is presented to enable readers to gain an understanding of the levels of confidence in the data behind the financial forecasts. Key assumptions made in this DRAMP are: • Data in the asset registers are accurate • The rates used for costing of capital treatments are accurate.

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