Hume council will release its draft asset plan for community information.
The plan was endorsed to be made available for the public to read at the August 11 council meeting.
The asset plan details all the council-owned assets across the city, with the portfolio including $2697 million of roads, footpaths and bike paths; $732.7 million of buildings; $1153 million of drainage, and $339.8 million of open space.
The new plan was formed through the findings from council’s Financial Sustainability Interim Assessment Report, undertaken by AEC Group, to understand the full scope of the assets council holds.
Cr Karen Sherry said the plan will help support council’s community vision and council plan objectives.
She highlighted the amount of assets across the city, and how this plan will continue to support the management of them.
“Although our assets are in good condition with less than one per cent below desired performance level … this won’t be the case some years from now as we add to our asset base and deal with competing demands from our aging stock, particularly of buildings and roads,” she said.
Cr Sherry said council must maximise its service delivery to keep its existing assets in the best possible condition.
The draft asset plan will be adopted at a future council meeting, before October 31, with a copy of the draft plan available on council’s website.
