Draft Asset Management Plan Summary

Project Overview

Consultation has now closed. Thank you to everyone who provided feedback.

All feedback received has been compiled and included in a report presented and endorsed by Council on 23 May 2023. You can find a copy of the report on the left side of the Document Library under "Council Reports and Minutes."


Please note, it was identified that there was incorrect information within the individual Draft Asset Management Plans. Due to this Administration error, we have updated the plans and are now seeking your feedback. Consultation opens 3 April and will close 12 May 2023.

City of Prospect is a rapidly evolving city and own a diverse asset portfolio. Our assets include buildings, footpaths, open spaces (parks and reserves), roads and stormwater infrastructure.

To meet demands and ensure that our assets are financially sustainable and service the needs of our community, we have reviewed our suite of asset management plans and have developed a draft Asset Management Plan Summary for your feedback.

The draft Asset Management Plan Summary outlines how Council will operate, maintain, renew and dispose of its assets (existing and future) for a 10-year period (2021 to 2031), which includes the combined financial implications from the individual plans together with key issues. It considers challenges we currently face, and those in the future including population growth, demographic change, urbanisation, legislative requirements, climate change and changes in our community’s needs and aspirations.

Feedback provided will help finalise the asset management plans, and future annual budgets accordingly.

A copy of the draft Asset Management Plan Summary and Draft Technical Asset Management Plans are provided in the Document Library on the right of this page.

Have Your Say

You can share your thoughts through multiple options:

  • Survey - via the "Survey" section at the bottom of this webpage
  • Written submissions:
    • Via the “Written Submissions” section on the right of this page
    • Email to admin@prospect.sa.gov.au
    • Post to City of Prospect, PO Box 171, Prospect SA 5082
    • Hand deliver to Payinthi, 128 Prospect Road, Prospect.

Asset Management Plan Update - Your Feedback Made a Difference!

The final version of the Asset Management Plan and the Community Consultation outcome are available for public viewing in the Document Library.

  • Council Workshop - Presentation

    8 February 2022

  • Council Meeting - endorsement for consultation of Draft Asset Management Plan Summary

    22 March 2022

  • Consultation

    1 November 2022 - 18 January 2023

    Consultation to determine the community’s level of support for the Draft Asset Management Plan Summary and seek feedback.

  • Consultation (revised plans)

    3 April - 12 May 2023

    Consultation to determine the community’s level of support for the Draft Asset Management Plan Summary and seek feedback.

  • Council Meeting

    23 May 2023

    Council Meeting to consider the outcomes of the community consultation to finalise the revised Draft Asset Management Plans for buildings, footpaths, open spaces (parks and reserves), roads and stormwater infrastructure.

The City of Prospect has prepared its draft Asset Management Plan Summary for Buildings, Footpaths, Open Spaces, Roads and Stormwater assets for a 10 year period (2021 to 2031) to ensure that the management of assets is financially sustainable.

This draft Asset Management Plan Summary has been developed following a complete review of requirements in early 2021. The plans influence the development of the Long Term Financial Plan through balancing service levels, community demand, risk and ability of the community to pay.

The development of the draft Asset Management Plan Summary will demonstrate Council’s responsive management of assets (and services provided from assets), compliance with legislative requirements and communication for funding via ling term financial planning. This will ensure the provision of the required Levels of Service over the ten-year long term financial planning period.

It should be recognised that effective asset management is a journey and not a destination. Accordingly, an extensive improvement program has been developed alongside the draft Asset Management Plan Summary that will see resources focused over the next few years.

Individual asset management plans have been developed for each asset group using the Institute of Public Works Engineering Australasia (IPWEA) templates as their basis. Sitting above these plans is the high-level summary document that includes the combined financials and key issues from the individual plans.