Asset Management

The City of Marion owns and manages a diverse portfolio of assets, valued in excess of $1 billion. These assets exist in order to provide services to the community.

Asset Management is “the combination of management, financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in a cost-effective manner” (AFIMG).

Council assets include:

  • Bridges
  • Reserves assets, benches / bins, etc.
  • Buildings
  • Road Seals and Pavements
  • Bus shelters
  • Signs
  • Coastal Walking Trail
  • Sports courts
  • Footpaths
  • Stormwater Pipes and Pits
  • Irrigation
  • Traffic control devices
  • Kerbing
  • Wetlands
  • Playgrounds

It is the objective of Council to maintain these assets to an agreed level of service at the lowest cost possible for each year of their useful life. A key component of this is the creation and continual updating of Asset Management Plans.

Council currently has Asset Management Plans for the following asset classes:

  • Transport Assets
  • Building Assets
  • Open Space Assets
  • The Coastal Walking Trail
  • Stormwater
Key elements
  • Providing a defined level of service and monitoring performance,
  • Managing the impact of growth through demand management and infrastructure investment,
  • Taking a life cycle approach to developing cost-effective management strategies for the long term that meet the defined level of service,
  • Identifying, assessing and appropriately controlling risks, and
  • Having a long-term financial plan which identifies required expenditure and how it will be funded.

It is a requirement of the organisation to obtain, manage, analyse, maintain and present data in a way to ensure effective decision making.

This is done through improved process, accurate data, intelligent systems and skilled people to support and guide the organisation to improved asset management.

  • People: Our people will provide leadership to drive a focus on achievement, responsibility and accountability.
  • Data:  Appropriate data validation procedures will ensure the integrity of Asset Management data (i.e. the data is accurate, relevant and complete) and can be relied upon to make informed decisions in the Council’s (and Community’s) best interest.
  • Processes: Our processes will be appropriate, well-defined and documented.
  • Systems:  Our system will be a fully integrated system that: is dynamic; is populated with timely and accurate data; has a user-friendly interface and reporting functionality; and has a strong emphasis on its Geographical Information System (GIS).


Benefits of improved asset management
  • Strong governance and accountability
  • More sustainable decisions
  • Enhanced customer service
  • Effective risk management
  • Improved financial efficiency


Further information