Administrative Policy
The purpose of the Asset Management Policy is to ensure that the City has comprehensive information, knowledge, and understanding about the long-term affordability and fiduciary obligations related to public infrastructure decisions to ensure a healthy environment, vibrant communities and economic vitality for current and future generations.
This is achieved by ensuring systems and processes are in place to enable people to determine the most effective and efficient options for delivering infrastructure related services while controlling exposure to risk and loss.
The Asset Management Policy also provides the framework that together with the Term of Council Priorities and Service Excellence Strategic Plan enables the asset management strategy and specific asset management plans to be produced.