The challenge
North Burnett Regional Council had to undertake a re-valuation and development of Asset Management Plans for their water and wastewater asset classes. However, there were issues with their existing data, including misalignment of the asset register with the financial register, and spatial datasets and assets that were either missing or not recorded.
Additionally, their existing Asset Management Plans were outdated and needed to be updated, with reviews into all data registers, financial planning and forward works plans.
Our solution
Proterra Group was engaged using a phased process which included initially consolidating Council�s asset register and performing data verification to obtain a single source of truth.
They were then required to facilitate a financial re-evaluation of the updated asset register. Based on the updated valuation and asset registers, individual Asset Management Plans were then developed for each asset class. The process required extensive collaboration between Council and Proterra Group. There was a staged process with appropriate review points, and two workshops, before the final presentation of the Asset Management Plan and associated works to North Burnett Regional Council.
The benefit
By first performing the asset register cleanse, a more accurate valuation could be performed. The result was a substantial difference between this valuation and previous ones. Council is now confident that the valuation process can be trusted, and will allow for accurate and appropriate financial, and capital/renewal works planning into the future.
The result
Council now has an up-to-date asset register, an updated and more accurate valuation, a clearer understanding of the state of their asset classes, and more effective and streamlined Asset Management Plans to be used in the future.
The submission of the final valuation and Asset Management Plans was within time and budget constraints as set out by Council and the QAO.
