Report highlights Council’s management of assets

Published on 26 February 2025

Moyne Shire Council has received its 2024 State of Assets Report (STAR) at February’s ordinary council meeting, providing a detailed overview of council’s physical assets.

The report 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 kms.

Mayor, Cr Karen Foster said the report demonstrated that council is adopting sound practices to ensure asset renewal is happening in a systematic way.

“It’s crucial these valuable community assets are managed effectively,” said Cr Foster.

“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,” she said.

“Our 2,700+ km of roads are by far the largest asset that we need to maintain, representing around 65% of our total assets. Other assets managed includes 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.”

Local Government Victoria on its Know Your Council website shows Moyne is investing 134.5% in the renewal or upgrading of its assets as a percentage of depreciation, meaningfully above 100%, demonstrating Moyne’s strong commitment to asset renewal.

The report can be found at: https://www.moyne.vic.gov.au/State-of-Assets-Report