Management of Council Assets

Frankston City Council provides a wide range of services and infrastructure to over 141,000 residents.  Frankston City is located 40 kilometres south of Melbourne’s central business district.  It includes the neighbourhood areas of Carrum Downs, Frankston Central, Frankston Heights, Frankston North, Frankston South, Karingal, Langwarrin, Langwarrin South, Sandhurst, Seaford and Skye. The City is strategically placed as a regional centre providing facilities and services for a population catchment far greater than its municipal boundaries.

Frankston City Council manages more than $2.8 billion in property, infrastructure, plant and equipment on behalf of the community across an area of 131 square kilometres.  These assets directly support key services that Council delivers to the community which includes road and footpath networks, stormwater drainage system, active and passive open space reserves and community facilities such as pavilions, kindergartens and maternal and child health centres.

Asset Management can be defined as the combination of management, financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in the most cost-effective manner.  The objective of asset management is to meet the required level of service in the most cost-effective manner, through the management of assets for present and future customers.

It is acknowledged that Council’s involvement in the provision and ongoing management of assets only occurs because Council is involved in the provision of services to the local community. Council’s asset portfolio therefore exists to support the broad range of services that the community needs and expects to maintain their health and economic wellbeing.

Asset Management Policy

Frankston City Council adopted its revised Asset Management Policy on 22 July 2019. The Policy demonstrates our commitment to ensuring that all Council assets are appropriately managed and relevant to community needs.

Asset Management Strategy

Frankston City Council adopted the new Asset Management Strategy 2020-2024 on 29 June 2020. The Strategy provides framework for the ongoing enhancement of Council's Asset management practices and performance. The Strategy has been developed with the objective of ensuring improved asset knowledge so that future capital and operating investment in Council assets is more effective, and in the best interests of the community.

Asset Management Plans

An Asset Management Plan is a tactical and financial plan for managing the organisation’s infrastructure and other assets so as to cost-effectively achieve the organisation’s strategic goals in the long-term.  It is a written representation of the intended asset management programs based on the organisation’s understanding of customer requirements, existing and projected asset conditions and performance. 

An Asset Management Plan acts as a vehicle for communication with customers and other stakeholders.  Council has four existing asset management plans which are currently in the process of being reviewed with first generation plans to be developed for the other significant asset categories. 

All asset management plans are reviewed and updated over a 4 year frequency to ensure they remain up to date, contemporary and reflect of the community needs.

Drainage Asset Management Plan 2019

The Drainage Asset Management Plan 2019 identifies and describes stormwater asset types consisting of pits, pipes, retarding basins and other water sensitive urban design features. Drainage is a key component of Council’s infrastructure, representing approximately 25% of the overall infrastructure portfolio. Drainage infrastructure was valued at an estimated $273M in 2019.

This asset management plan contains detail of the infrastructure; maintenance and management activities; risk considerations and the funding requirements to continue providing the service in the most cost effective manner over a 10 year planning period. 

Building Asset Management Plan 2016

Council has responsibility for some 280 buildings located within the municipality. The buildings support a broad range of community services. They range from ageing standalone preschools, sports pavilions and public toilets to state of the art facilities.

Roads Asset Management Plan 2020

The Roads Asset Management Plan 2020 identifies current and future needs for 705km of local roads managed by Council. This Plan aims to improve Council’s long-term management of road assets by highlighting the funding requirements to manage the local road network into the future.

Open Space Asset Management Plan 2017

The Open Space Asset Management Plan 2017 identifies current and future needs for open space assets including local parks, playgrounds, ovals and natural reserves. This will be of interest to local sporting groups, families, and other groups that use local outdoor spaces for activities.

The plan aims to improve Council’s long-term management of its open space assets by highlighting the infrastructure funding requirements to support the delivery of community services at an agreed level into the future.

Pathway Asset Management Plan 2018

The Pathway Asset Management Plan 2018 identifies current and future needs for over 950kms of pathway assets managed by Council including footpaths and shared paths. This will be of interest to Frankston City residents who use pathways for access, connectivity or recreation.