Capital Strategy and Asset Management Plan

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This page introduces our Capital Strategy and Asset Management Plan and includes links to allow visitors to download the documents and appendices.

Attachments

Adobe Acrobat's portable document format (pdf). To view these files you will need to have the Adobe Acrobat Reader installed on your computer. This can be downloaded free at Adobe's web site| [External].

Introduction

This strategy is a high level summary of our approach to capital investment. It describes how the deployment of capital resources contributes towards improving the economic, social and environmental well being of the area as set out in our Corporate Plan and the Community Strategy.

Its emphasis is to provide the infrastructure for service delivery. Investment priorities are grouped into themes which reflect our priorities:-

A good quality of life for all residents
A clean, green and safer environment
A successful economy

Departmental service plans translate our aims and objectives into annual plans. We have a 5 year medium term financial strategy and a 5 year capital plan (with 5 year revenue implications). The financial strategy, capital plan and service development plans are presented to Committee and Council for approval as one combined report so that the linkages between service developments, spending plans, capital investment proposals and capital financing needs are clear. Annual reviews of the longer term strategies occur as part of each year’s budgetary process.

The objectives of this Capital Strategy are to ensure that:-

physical assets and related resources are efficiently and effectively used to support service delivery in accordance with the our stated priorities,
issues relating to property and other assets are fully reflected in our planning,
the strategy itself is in a format that can be readily understood.

The Capital Strategy provides the policy framework for the operational work of asset management as detailed in the Asset Management Plan (AMP). Our performance in managing our assets will be assessed against a range of performance criteria as set out in the AMP.