Preparing Infrastructure Asset Management & Long-Term Financial Plans

Preparing Infrastructure Asset Management & Long-Term Financial Plans

Duration: 1 day
Investment: $670 incl GST *see alternative options below
Delivery: Face to Face & Webinar

 

Target Audience

CEOs‚ Asset Managers and Senior Finance Officers

 

Overview

This full day program offers participants the opportunity to attend both ‘Long-Term Financial Plans’ & ‘Preparing Infrastructure Asset Management Plans’ at a reduced rate.

‘Preparing and Updating Asset Management Plans’ has been developed to assist participants to reflect on experiences in preparing Infrastructure and Asset Management Plans and undertake future updates. It focuses on practical tips and traps based on Councils experiences in preparing useful and legislatively compliant plans. Material presented and discussed will cover legislative requirements (including the latest reforms), guidance on the development of practical framework strategies that have regard to source and data constraints, and how the Plan can assist with asset management planning decisions.
 
‘Preparing and Updating Long-Term Financial Plans’ has been developed to enhance the skills of participants to develop practical, easy to prepare and follow, long-term financial plans. It includes tips and traps based on council’s experiences in preparing useful and legislatively compliant plans. Material presented will cover legislative requirements (including the latest reforms), structural suggestions, how to identify and determine key information and assumptions for input and how to develop an appropriate financial strategy considering relevant local factors.

 

Key Learnings

Preparing Infrastructure Asset Management​:​

• How to determine affordable service standards relevant to particular local circumstances
• The need to base asset maintenance and renewal intervention points on minimising whole of life net economic costs and affordable service levels
• How to manage mismatches between cash flow availability and cash flow need
• The relevance or not of recorded depreciation for asset management planning
• How to resolve conflicts between asset management planning projected needs and long-term financial planning constraints.

Long-Term Financial Plans:

• Suggested structure and content and the appropriate level of detail to include
• What key assumptions should be specified and the basis of their estimates
• The need to recognise, and options to accommodate, future expected price movements
• The need to vary some indicator target ranges over time
• What types of sensitivity analysis should be undertaken and how to present results
• What level of functional and activity level financial information should be provided
• What written explanatory content should be included
• How to make trade-offs to achieve financial targets  

Facilitator

Mark Davies, Financial management expert, advisor, and trainer to state and local government
Mark is a Chartered Accountant with over 30 years’ experience spanning across both the private and public sectors.  His career includes experience as a Senior Audit Manager and Principal Consultant with PWC to serving as Chief Financial Officer, General Manager Corporate Services and Chief Executive Officer in councils.

Mark has co-designed and delivered strategic and financial management training to Elected Members for the Municipal Association of Victoria and has worked on the integrated strategic management framework in South Australia. He has a long history of providing accessible financial management training to elected members and officers and enjoys demystifying financial terminology and building confidence.

 

Additional Information

If your preference is to attend only Preparing Infrastructure Asset Management Plans you can enrol in this half day session here
If your preference is only to attend Preparing Long-Term Financial Plans you can enrol in this half day session here

No ‘Dates’ scheduled?
Complete our ‘Enquiry Form’ to be added to our waitlist and notified of upcoming dates.
 
Interested in having this program brought ‘In-House’ to your council?
Check your eligibility by requesting an ‘In-house eQuote’.
 
For further information about the content of this program, please contact LGA Training on 8224 2000 or at training@lga.sa.gov.au.
 
Please understand that by registering, you are accepting our policy conditions. For a copy of our policies, please click here.
 

 

Upcoming Short Courses