Asset Management Policy and Strategy

Asset Management Policy

Frankston City Council adopted the Asset Management Policy on 11 October 2004.  The policy was enacted to demonstrate its organisational commitment towards best practice management of the city's infrastructure assets to provide "the desired level of service in the most cost-effective manner for present and future generations".

Council will use the following principles to guide asset management planning and decision making:

• ensure service delivery needs form the basis of asset management
• integrate asset management with corporate, financial, business and budgetary planning
• informed decision making, incorporating a life-cycle approach to asset management;
• establish accountability and responsibility for asset condition, use and performance; and
• sustainability, providing for present needs while sustaining resources for future generations.

Click on the folllowing link for details about Frankston City's Asset Management Policy:   Frankston City Council Asset Management Policy   (Acrobat PDF file - 64 KB)

Asset Management Strategy

Frankston City Council adopted the Asset Management Strategy on 21 August 2006.  This strategy aims to build Council's Asset Management capacity by improving its capability and applying the Policy principles to the point where it would be recognised as best appropriate practice.

It proposes that by increasing Council's ability to manage its assets by improving its knowledge of those assets through an integrated and resourced asset management information system and through improved processes and practices, a sustainable community will be able to be maintained in a manner that delivers economic, environmental and social value.

Click on the folllowing link for details about Frankston City's Asset Management Strategy:   Frankston City Council Asset Management Strategy   (Acrobat PDF file - 575 KB)

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