City of Stirling Parks and Open Space Asset Managment Plan

Summary of future operations and maintenance expenditures Future operations and maintenance expenditure is forecast to trend in line with the value of the park asset stock as shown in Figure 5.2 below. Note that all costs are shown in current dollar values (ie, real values). The gap between the budget line and projected operations and maintenance expenditure is the expected increase of operating expenditure due to asset growth.

Deferred maintenance, ie, works that are identified for maintenance and unable to be funded, are to be included in the risk assessment and analysis in this PAMP. Maintenance is funded from the operating budget where available. This is further discussed in Section 7.

$14,000

$12,000

$10,000

Expenditure per year (thousands) $6,000 $4,000 $8,000

$2,000

$0

2019

2024

2031

2021

2037

2027

2025

2028

2026

2023

2029

2022

2032

2020

2035

2036

2038

2033

2030

2034

Year

Maintenance

Operations

Budget

Figure 5.2 Projected operations and maintenance expenditure

Parks Asset Management Plan 2018 – 2028 | 35