This AM Plan covers the infrastructure assets that serve the Bega Valley Shire Council community building needs. These assets include Halls, Libraries, Regional Gallery, Office and Depots, Children’s Centres, Council owned Museums and other community buildings throughout the Shire that enable people to enjoy and participate in a range of activities.
Asset management planning is a comprehensive process to ensure delivery of services from infrastructure is provided in a financially sustainable manner.
An AM Plan details information about infrastructure assets including actions required to provide an agreed level of service in the most cost effective manner. The plan defines the services to be provided, how the services are provided and what funds are required to provide the services.
Most of the Council’s building network was constructed by developers and from government grants, often provided and accepted without consideration of ongoing operations, maintenance and replacement needs.
Many of these assets are approaching the later years of their life and require replacement. Services from the assets are decreasing and maintenance costs are increasing.
Our present funding levels are insufficient to continue to provide existing services at current levels in the medium term.
This is being pro-actively managed through consideration of divestment. Divestment resolutions from Council to date have technically limited funding shortfalls.
Resolving the funding shortfall involves several steps:
Where a shortfall in funding occurs, there are a number of approaches for managing the ongoing asset portfolio. This can be a combination of reduction in levels of service, as well as critically appraising which assets require works. It is likely that we will have to reduce service levels in some areas, unless new sources of revenue are found. For Community Buildings, the service level reduction may include the types, timings and levels of renewal and upgrades that can occur.
It is also important to recognise that Council needs to maintain balance between its building stocks and community expectations. This means that decisions will be required about potential divestment scenarios into the future. These scenarios will be managed via community consultation and Councillor workshops and are expected to occur in the 2017 calendar year.
We can develop options, costs and priorities for future community building services, consult with the community to plan future services to match the community service needs with ability to pay for services and maximise community benefits against costs.