Infrastructure Financial Management Policy

Asset management requires financial processes to accurately value assets and give priority to asset renewal expenditure over proposals to construct new assets. Effective reporting of infrastructure financial management is achieved by the City’s asset management plan.

The service rendered by an infrastructure asset will determine if it is included in an asset management plan – if an asset requires deliberate management by the municipality for its role in service delivery, then it will be included in an asset management plan.

The threshold used to determine which assets are to be included is therefore a guideline for the application of Council-endorsed principles in professional judgment. This qualitative focused approach is unlike the criteria to be capitalized in any tangible capital asset methodologies.

Infrastructure Financial Management Policy

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