Council Minutes - Town of Cambridge

COUNCIL MINUTESTUESDAY 26 JUNE 2012• Adopt programs that recognise limits of rate and grant funding by giving precedenceto necessary asset maintenance & renewals over that expansion or new workswhere these programs are to be funded from rates or a combination of rates andgrants• Optimise and consolidate assets on an ongoing basis where practicablePrinciple 3: Recognise Environmental Impact• Where practical, develop options for consideration in asset programs that reduceenergy or water consumption, reduce carbon impact, reduce consumption of nonrenewable resources and preserve or enhance the environment in which we live• Revise ongoing asset management plans to implement decisions made to increasefunding for environmental benefits• Ensure measuring and monitoring of consumption of resources are in place to betterunderstand the implications for long term asset managementPrinciple 4: Continuous Improvement• Implement robust asset management systems and processes that include a systematicapproach to planning, implementing, reviewing and modifying asset managementactivities to improve the efficiency and efficacy of the undertaking• Learn what is happening external to the Town in good asset management• Ensure staff and service providers undertake continuous improvementPrinciple 5: Public and Staff Safety• Ensure public and staff safety is not compromised through poor planning andimplementation of asset management• Use a robust risk management approach to service deliveryApproval of these principles will allow the finalisation of a policy document for Councilconsideration.Resource Implications of implementing this policyA good asset management plan not only has a strong policy but underlying capacity to deliveron this policy. As part of the Strategic Asset Management Plan project, it is evident that theTown will need to increase its knowledge base of all of its assets and develop improvedprocesses and systems to be able to undertake asset management in a more effective manner.Works will commence in 2012/2013 in developing this plan using a combination of internalresources and external advice as necessary.POLICY/STATUTORY IMPLICATIONS:Undertaking this Asset Management Policy is seen as one further step in demonstratingcompliance with the Regulatory intent of Integrated Strategic Planning.FINANCIAL IMPLICATIONS:This policy, once implemented, will guide the development of future budgets.H:\CEO\GOV\COUNCIL MINUTES\12 MINUTES\JUNE 2012\C CR.DOCX 149