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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.

Asset management policy

The key elements of Asset management are:

  • 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.

Improved Asset management delivers:

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

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

The Asset Solutions team support and guide the organisation to improved asset management through:

Skilled People

Our people will provide outstanding asset management leadership to drive a focus on achievement, responsibility and accountability.

Accurate 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.

Improved Processes

Our processes will be appropriate, streamlined, efficient, well-defined and documented.

Intelligent 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).

Council's Assets

Council's 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 through an asset's 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:

Asset Management Plans