Strategic Asset Management Plan

SAMP5 is Council’s fifth Strategic Asset Management Plan. This plan builds on and updates previous SAMPs, identifying the extent of works necessary to bring our assets to an acceptable condition as defined by the community. It details the cost of those works, and does this within the context of Council’s Integrated Planning & Reporting (IP&R) Framework including our:

  1. Community Strategic Plan – Waverley Together 2 (WT2) and Waverley Together 3 (WT3)
  2. Environmental Action Plan – Environmental Action Plan 4
  3. Long Term Financial Plan – Long Term Financial Plan 4 (LTFP4), and
  4. Workforce Plan – Workforce Plan 1 (WFP1) and Workforce Plan 2 (WFP2).

The purpose of SAMPs is ultimately to achieve sustainability in asset management. We define sustainable asset management as everything we have to do to make sure our assets are maintained at a satisfactory standard in a "quadruple bottom line" sense.

SAMP5 summarises the actions required to continue with our progress towards sustainability in asset management.

Achieving sustainable asset management requires Council to integrate its strategic asset planning with its financial planning through the IP&R Framework. Targets for asset condition have been checked with the Waverley community through the community engagement process required under the IP&R legislation. Incorporated into the Community Strategic Plan is the target to have assets that are well maintained for their current purpose and for future generations has.

Costs to meet these targets as set out in SAMP5 have been translated directly into Council’s Long Term Financial Plan.

May 2018 Update

We are continually working hard to maintain and improve assets for the local community. Some of the achievements and planned works include:

  • Upgrades of footpaths throughout the LGA resulting in a 4% increase of these assets since SAMP4 (now rated Condition 1 and 2);*
  • A funding program for important coastal and retaining infrastructure including our coastal pools, beach promenades and sea walls, picnic shelters and passive recreational spaces.
  • We have over 92% of all street furniture in Waverley in Condition 1 and 2.*
  • We've improved the condition of our living infrastructure by planting trees, bush regeneration works and weed management.
  • Planned upgrades to 30 roads, 55 footpaths, 15 kerb and gutters, 2 streetscape projects, and 10 park projects are scheduled in the 2018/19 financial year.

*Assets are rated from Condition 1 to 5, where Condition 1 is new or excellent condition and Condition 5 is poor or unserviceable.