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Asset Condition Survey Information

In this video, MidCoast Council talks about the management of public assets funded partially by property rates, emphasising the importance of community input in prioritising asset conditions over the next decade. The Council manages over $5 billion worth of public assets, including roads, parks, water infrastructure, and community buildings. They conduct regular assessments of these assets to determine their conditions using a simple three-point scale: good, satisfactory, or poor. Due to budget constraints, the council cannot maintain all assets in ideal condition, necessitating the prioritisation of which assets receive funding. The video encourages community members to participate in an asset condition survey to voice their opinions on where to focus budget and efforts. The information provided will guide the council's future decisions on asset management. Highlights 🏙️ **Community Engagement**: The council emphasizes the importance of community input in shaping budget priorities. 💰 **Asset Value**: Over $5 billion worth of public assets are managed by the council. 📊 **Condition Assessment**: Assets are assessed using a simple three-point scale: good, satisfactory, or poor. 🏗️ **Budget Constraints**: Due to limited budget, not all assets can be maintained in ideal condition, necessitating tough choices. 📅 **Survey Participation**: Residents are encouraged to complete the asset condition survey by March 16 to influence future budgeting decisions. 📉 **Funding Implications**: The council provides information on the costs associated with improving asset conditions and the potential consequences of reduced funding. 🔍 **Long-term Planning**: The focus is on shaping the future of the community through strategic asset management over the next ten years. Key Insights 🏛️ **Importance of Public Assets**: Public assets such as parks, roads, and community buildings play a crucial role in community life. Their maintenance and improvement directly impact residents' quality of life. Residents are encouraged to reflect on how these assets serve them and what improvements they deem necessary, fostering a sense of ownership and responsibility. 🧮 **Budget Management Analogy**: The council compares asset management to household budgeting, highlighting that just as families must prioritize their spending, the council must make difficult decisions about which assets to invest in. This analogy makes the financial constraints relatable and underscores the importance of community preferences in decision-making. 📋 **Assessment Transparency**: The council’s transparent approach to asset condition assessments builds trust within the community. By openly sharing how assets are rated and the implications of their conditions, residents can make informed decisions when participating in the survey, leading to more thoughtful contributions. ⚖️ **The Need for Prioritization**: The necessity to prioritize certain assets over others is a critical insight, revealing the complexities of public asset management. It indicates that while all assets are important, some may require immediate attention due to their current condition or community demand, prompting discussions about what is most essential for the community's well-being. ⏳ **Long-term Vision**: The video emphasizes a ten-year planning horizon, encouraging residents to think beyond immediate needs and consider long-term community development. This perspective is vital for sustainable growth and resource allocation, ensuring that public assets evolve to meet changing community needs over time. 📢 **Call to Action**: The invitation for community feedback through the asset condition survey is a powerful tool for civic engagement. It empowers residents to express their views on asset management and fosters a collaborative relationship between the council and the community, enhancing democratic participation. 📈 **Impact of Funding Decisions**: The video outlines the consequences of funding decisions on asset management. By providing information on the costs of maintaining versus improving assets, the council helps residents understand the financial implications of their choices, encouraging them to consider both short-term satisfaction and long-term benefits. In conclusion, the video serves as a crucial communication tool for the council, inviting community participation in critical asset management decisions. It emphasizes the importance of transparency, prioritization, and long-term planning in managing public assets effectively. By engaging the community, the council aims to ensure that their decisions reflect the collective needs and desires of the residents, ultimately leading to a better-maintained and more responsive public infrastructure.