The Marlborough District Council is required by the Local Government Act to prepare Asset Management Plans and to review them at least every three years. The plans are very important to the effective management of the following major infrastructural assets.
These assets have a replacement value exceeding $300 million. They are vital to Marlborough and must be maintained and developed to meet the standards the community requires.
Asset Management Plans summarise:
- the age, condition and value of Council assets
- plans to maintain and renew them as they wear
- standards (quality) of service council expects the assets to deliver (eg; road condition, water quality and effluent discharge quality).
Using these plans, together with the capital expenditure forecasts, the council's Assets and Services Department prepares its components of the Annual Plan and annual budgets.
Council's Long-Term Financial Strategy (currently a 20-year financial plan) is also prepared with extensive use of asset management plans.
Council's plans are relatively new, but are being developed rapidly to reflect their important role in Council decision-making and future planning. Some plans are combined at this stage and some are in the form of financial plans.