New asset valuation system saves Waverley Council millions of dollars

摘要

Waverley Council in Sydney has saved tens of millions of dollars over the past five years by changing the way it deals with its asset backlog, according to the council's Director of Corporate and Technical Services, Bronwyn Kelly.Dr Kelly said the council was using traditional methods of valuation and depreciation to account for its assets, and that methodology was telling the city it had to spend $93 million to bring its current assets up to scratch.