FRAMEWORK FOR INTEGRATING ROADSIDE ENVIRONMENTAL ASSETS INTO COUNCIL ASSET MANAGEMENT SYSTEMS

FRAMEWORK FOR INTEGRATING ROADSIDE ENVIRONMENTAL ASSETS INTO COUNCIL ASSET MANAGEMENT SYSTEMS

Regional Workshop #2

NATURAL ASSET VALUATIONS

Thursday, 20 June 2019
Best Western Hunter Gateway
11 Denton Park Drive, Rutherford, NSW
9.30am – 4.00pm
Cost: FREE

REGISTRATIONS ARE CLOSED

Introduction 

The Council Roadside Reserves (CRR) project, funded by NSW Environmental Trust and managed by Local Government NSW (LGNSW), aims to build the capacity of councils to embed the value of roadsides into their Integrated Planning and Reporting systems. This project included investigating current activities undertaken by councils in managing natural assets in the broader asset management context. Key recommendations  arising from this work included the need to:

  • Identify roadside asset types and develop asset management objectives for integration into the Strategic Asset Management Plans of councils.
  • Identify the most appropriate valuation methodology (for financial purposes) for roadside environmental assets.

Purpose of the Workshop 

This event follows on directly from the successful workshop on 1st May 2019, which focused on identifying roadside asset types and developing management objectives for each. Building on the contributions provided by council and agency staff at the first workshop, this event will take a collaborative approach to exploring and agreeing on the:

  • objectives of valuing natural assets
  • various valuation methodologies that could be adopted
  • benefits and challenges of the identified valuation methodologies
  • most appropriate valuation methodology to meet the agreed objectives
  • natural asset valuations and how councils may integrate these with their infrastructure asset valuations

AGENDA 

ITEM FOCUS
1 Welcome and Introductions
2 Background and context
3 Outcomes from Workshop No. 1
4 Asset Valuation – what is it and why?
5 Objectives of valuing natural assets
6 Methodologies for valuing natural assets
7 Benefits and challenges of valuation methodologies
8 The most appropriate valuation methodology

Who Should Attend 

This workshop is directly relevant to council staff involved in:

  • Asset Management, valuation and planning
  • Management of roadside reserves
  • Financial management/ accounting
  • Environmental / Natural Resource Management– ecologists, policy makers
  • Development and implementation of Environmental Management Systems
  • Corporate Integrated Planning and Reporting

We strongly encourage those who participated in the first workshop to register for this follow up event.

 

MORE INFORMATION:
Steve Wilson
A/ Director Environment Division
Hunter Joint Organisation
T 4978 4026 | M 0448 401 436
E stevew@huntercouncils.com.au

Kathy Godfrey
Project Officer – CRR
Local Government NSW
T 9242 4053
E Kathy.godfrey@lgnsw.org.au

 

The Project has been assisted by the NSW Government through its Environmental trust and supported by LGNSW