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minutes - City of Stirling

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MINUTES OF THE ORDINARY MEETING OF COUNCIL<br />

18 SEPTEMBER 2012<br />

Issue<br />

Transport and infrastructure<br />

ECONOMIC<br />

Comment<br />

Delivery <strong>of</strong> training and documentation <strong>of</strong> Strategic Asset<br />

Management Process will ensure the following:-<br />

Provision <strong>of</strong> asset management practices which reflect the<br />

community’s expectations regarding service levels; and<br />

Provision and Maintenance <strong>of</strong> timely and sustainable<br />

infrastructure.<br />

Conclusion<br />

As a <strong>City</strong> our approach to Asset Management is to focus on ensuring that our assets are<br />

capable <strong>of</strong> providing services, <strong>of</strong> an agreed quality, in a sustainable manner, for present and<br />

future communities. This is not merely a matter <strong>of</strong> spending more money but instead<br />

spending money wisely in a targeted manner to achieve the service levels that the<br />

community both needs and can afford.<br />

ACEAM’s organisational approach to Strategic Asset Management is based on the servicecentric<br />

asset management philosophy framework which aligns with the <strong>City</strong>’s approach.<br />

ACEAM’s strength lies in its ability to deliver Strategic Asset Management Services through<br />

its Step-Watch Program which has also been embraced by Bond University to incorporate<br />

into a Graduate Certificate in Asset Management.<br />

The <strong>City</strong> is recommending that Council approves a contract <strong>of</strong> $160,000 for the development<br />

and delivery <strong>of</strong> training and implementation <strong>of</strong> Strategic Asset Management Process as<br />

required by the Department <strong>of</strong> Local Government IPR and the Fair Value mandates required<br />

by the Accounting Standards.<br />

355

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