Strategic alignment – Asset Management Strategy

Hornsby Shire Council delivers a wide range of services and facilities to the community and we need to ensure that we are capable of maintaining our assets – buildings, open spaces, roads and drainage – at a standard you have come to expect.

According to the modelling done in the Long Term Financial Plan, there will be insufficient funds to maintain Council's assets in a satisfactory condition into the future. As a result, the condition of Council’s assets is expected to decline, and the level of infrastructure backlog will increase unless funding is found.

Additional funding through an SRV will enable Council to maintain our assets to a sufficient standard and it is recommended that additional funding is allocated in the Long Term Financial Plan to cover the funding shortfalls.

The consequences of not receiving additional funding would be:

• Deteriorating quality of existing assets
• Inability to renew ageing assets
• Inability to adequately maintain newly constructed assets
• Increased exposure of Council to litigation relating to deteriorating assets.