Asset Management & Financial Informing Plans

The Shire manages around $335 million in community assets, including roads, bridges, footpaths, buildings, parks, and other infrastructure that support everyday services.

The Shire’s Asset Management Plans provide a strategic overview and consolidated financial summary of Council’s asset management planning. It additionally identifies future objectives to continually mature and improve Council’s asset management framework to enhance available information for strategic decision making.

The Asset Management Plans forecast what work is needed, when it should happen, what it will cost, and how it will be funded. They are accompanied by the following Financial Informing Plans:

• Reserve Fund Plan – Shows how money is saved and used across Council’s reserve funds. These reserves help pay for future projects, asset replacement, upgrades, and statutory commitments, reducing the need for borrowing.
• Borrowings Plan – Outlines how Council uses debt responsibly, ensuring borrowing stays within safe limits and is part of a planned, long term financial strategy.
• Rating Objectives Strategy – Explains how rates are set, why they are structured the way they are, and the goals that guide the Shire’s approach. This ensures rates remain fair, strategic, and aligned with community needs.
  • Important: The focus of the Strategy is different to that of the Annual Budget – it does not set out expected levels of rate revenue increases/decreases over outgoing financial years. Instead, it focuses on the types of rates to be charged and how the required amounts are fairly and equitably distributed amongst Council’s ratepayers.

Together, these plans form the backbone of the Shire’s long term financial and asset planning, ensuring community infrastructure is well managed and sustainable into the future.