Integrated Planning and Reporting Manual - Division of Local ...
Integrated Planning and Reporting Manual - Division of Local ...
Integrated Planning and Reporting Manual - Division of Local ...
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3. THE RESOURCING STRATEGY<br />
The model can be as simple as assuming a linear relationship with one variable, for example,<br />
assuming that water usage will increase in direct proportion to population growth. Such a minimalist<br />
approach would align with a ‘core’ asset management approach.<br />
At the other extreme, sophisticated models assessing the impacts <strong>of</strong> a number <strong>of</strong> dem<strong>and</strong> factors<br />
can be developed. This would be expected from a council that is capable <strong>of</strong> adopting an ‘advanced’<br />
asset management approach.<br />
By adequately forecasting dem<strong>and</strong>, councils are better placed to respond to the likely impact on<br />
their asset base, either through better planning for future upgrades <strong>of</strong> assets or through the creation<br />
<strong>of</strong> new assets, or through dem<strong>and</strong> management strategies (attempting to change the pattern <strong>of</strong><br />
dem<strong>and</strong> to minimize or eliminate the need to upgrade assets).<br />
3.4.3 <strong>Reporting</strong><br />
Essential Element 2.18<br />
Councils must report on the condition <strong>of</strong> their assets in their annual financial statements in line with the<br />
<strong>Local</strong> Government Code <strong>of</strong> Accounting Practice <strong>and</strong> Financial <strong>Reporting</strong>.<br />
As Council is responsible for the custody <strong>of</strong> <strong>and</strong> is the trustee <strong>of</strong> public assets, it is responsible for<br />
the accounting <strong>and</strong> management <strong>of</strong> those assets.<br />
Annual reporting to the community is an important part <strong>of</strong> transparent <strong>and</strong> accountable local<br />
government. The information provided should be simple, relevant <strong>and</strong> current. Determining<br />
satisfactory <strong>and</strong> sustainable levels <strong>of</strong> service will be subject to continual refinement <strong>and</strong> consultation<br />
between Council <strong>and</strong> the community through the Community Strategic Plan <strong>and</strong> the Delivery<br />
Program.<br />
Council’s achievements in implementing its Asset Management Strategy <strong>and</strong> Plan should be<br />
reported to the community in the context <strong>of</strong> how they have supported the council in meeting the<br />
Community Strategic Plan objectives, <strong>and</strong> the council’s Delivery Program <strong>and</strong> Operational Plan<br />
outcomes.<br />
For more information about reporting on assets, go to Chapter 6 <strong>of</strong> this <strong>Manual</strong>.<br />
<strong>Planning</strong> & <strong>Reporting</strong> <strong>Manual</strong> Page 84 <strong>of</strong> 115
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