Infrastructure Asset Management Plans

Asset management planning is a comprehensive process to ensure delivery of services from infrastructure is provided in a financially sustainable manner. 

Asset Management Planning commences with defining stakeholder and legal requirements and needs, incorporating these needs into the organisation’s strategic plan, development an asset management policy, strategy, asset management plans and operation plans, linked to a long term financial plan with a funding plan (Australian Infrastructure Financial Management Guidelines, 2009). 

Key elements of the plans are

Infrastructure Asset Management Plans are reviewed during the annual budget preparation and amended to recognise any changes in service levels and/or resources available to provide those services as a result of the budget decision process.  The plans have a life of four (4) years and are due for revision and updating within 12 months of each Council election. 

Kangaroo Island Council |43 Dauncey St (PO Box 121) KINGSCOTE SA 5223
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