Council owns, operates and maintains recreation and open space assets that have a total replacement value of $98.5 million, not including the enjoyment and health benefits associated with this access to and quality of open space.
A significant amount is spent on the maintenance and replacement of these assets. In the 2015/16 budget $17 million was spent which represented about 30% of Council’s total budget.
We developed a plan to guide this investment and expenditure. This Asset Management Plan will be used to inform and guide our decision making. It will also guide the project prioritisation across Bayside for the next 10 years and provide a business case for the continued investment into these community assets.
At the June 2016 Council Meeting, Council adopted the updated Recreation and Open Space Service Driven Asset Management Plan. The Plan is available here
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