City of Stirling Parks and Open Space Asset Managment Plan

The asset management improvement plan generated from this asset management plan is shown in Table 8.1 below.

Task no Task

Responsibility

Resources required

Timeline

Review park assets renewal modelling inputs Review park assets register requirements

Asset management

Parks and Sustainability

2020

1

Asset management

Parks and Sustainability Corporate Information Systems Parks and Sustainability Facilities, Projects and Assets Parks and Sustainability Customer and Communications

2020

2

Perform park asset audit trial

Asset management

2019

3

Asset management Corporate Information Systems Asset management Finance Services Asset management

2022

Review customer and works management information systems for better performance reporting and planning Improved budget capital expenditure allocation for financial reporting Review Draft Parks and Reserves Business Process Manual Review fences, walls and barriers for valuation PAMP to include more details on park natural/ green assets (trees, sports fields, golf course, natural areas, etc)

4

Parks and Sustainability

2019

5

Parks and Sustainability

2021

6

Asset management

Parks and Sustainability

2020

7

Asset management

Parks and Sustainability

2023

8

Table 8.1 Improvement plan

8.3 Monitoring and review procedures This PAMP has a life of four years. The plan will be reviewed during annual budget planning processes and amended to show any material

8.4 Performance measures The effectiveness of the asset management plan can be measured in the following ways: • The degree to which the required projected expenditures identified in this asset management plan are incorporated into the Long-Term Financial Plan • The degree to which one-year to five-year detailed works programs, budgets, business plans and corporate structures take into account the ‘global’ works program trends provided by the asset management plan • The degree to which the existing and projected service levels and service consequences (what we cannot do), risks and residual risks are incorporated into the strategic plan and associated plans • The asset renewal funding ratio achieving the target of 1.0.

changes in service levels and/ or resources available to provide those services as a result of budget decisions.

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