Council
28 February, 2025
Report highlights council’s management of assets
MOYNE Shire Council has received its 2024 State of Assets Report (STAR) at February’s ordinary council meeting.
The report provides a detailed overview of council’s physical assets and helps council meet its regulatory responsibility to deliver an extensive range of community, economic, infrastructure and corporate services, and to manage $665 million of assets including property and fleet.
These services require the acquisition, operation, maintenance, renewal/upgrade, disposal and investment in a broad range of physical assets spread across the shire’s 5,867 square kilometres.
Moyne Shire mayor Cr Karen Foster said the report demonstrated that council was adopting sound practices to ensure asset renewal was happening in a systematic way.
“It’s crucial these valuable community assets are managed effectively,” Cr Foster said.
“This report is a key component of our planning framework, and will help inform the priorities of the council plan, long-term financial plan and annual budget.
“Our 2,700+ kilometres of roads are by far the largest asset that we need to maintain, representing around 65 per cent of our total assets.”
Other assets managed includes more than 400 buildings, over 270 bridges and major culverts, more than 5,000 drainage pits, pipes and minor culverts, 85 km of footpaths, and over 770 open space and recreation assets.
“The report provides a snapshot of the condition of assets by class, projected lifespans and renewal demand, and improves our capacity to make evidence-based decisions compared to the past,” Cr Foster said.
Local Government Victoria, on its Know Your Council website, shows Moyne is investing 134.5 per cent in the renewal or upgrading of its assets as a percentage of depreciation, demonstrating Moyne’s strong commitment to asset renewal.
The report can be found at: https://www.moyne.vic.gov.au/State-of-Assets-Report
