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Audit Trail Values

Following is a list of values that can be used in the Audit Trail to record what has changed since the previous edit.

 

Change Reason Comments (examples) Change Type Impact
NTAP This the default code for all assets being - Not Applicable Nil Nil
Full Revaluation - [Year]  Revaluation undertaken by Asset Management Specialist as a result of new network condition data and changes / review of unit rates and useful lives Useful Life and Unit Rates Material
Non Material
Desktop Revaluation - [Year] Revaluation undertaken via desktop Useful Life and Unit Rates Material
CPI Adjustment
Non Material
Insignificant
CPI Adjustment - [Year] Unit rates have been adjusted for CPI increase. Unit Rate Only CPI Adjustment
Indexation - [Year] Review of Unit Rates in XX financial year which have been adjusted by X%  to account for Local Government Index, CPI, Contractor and Wage increases Unit Rate Only Material
Non Material
Insignificant
 In-Year Capital Renewal - [Year] Capital works project Number [state project #] Combination of Inventory, Condition and Financial fields Nil
Non Material
Insignificant
New Asset - [Year] Asset either found or constructed by Council. Combination of Inventory, Condition and Financial fields Nil
Material
Non Material
Insignificant
Gifted - [Year] New asset gifted to Council Combination of Inventory, Condition and Financial fields Nil
Material
Non Material
Insignificant
In-Year Capital Partial Addition - [Year] Where works have occured to the asset in the form of either and upgrade or expansion. Combination of Inventory, Condition and Financial fields Nil
Material
Non Material
Insignificant
In-Year Capital Partial Disposal - [Year] Where works have occured to the asset to reduce the service potential of the asset i.e. 6m wide road reduced to 4m wide or 250kw motor replaced with only a 100kw motor. Combination of Inventory, Condition and Financial fields Nil
Material
Non Material
Insignificant
Partial Addition - [Year] Where details of the asset inventory have been updated as a result of a correction to the data and hence increased this has increased the asset values. Combination of Inventory, Condition and Financial fields Nil
Useful Life Only Material
Unit Rate Only Non Material
Condition Only Insignificant
Inventory Only  
Residual Only  
Partial Disposal - [Year] Where details of the asset inventory have been updated as a result of a correction to the data and hence reduced the asset values. Combination of Inventory, Condition and Financial fields Nil
Useful Life Only Material
Unit Rate Only Non Material
Condition Only Insignificant
Inventory Only  
Residual Only  
Asset Resegmentation - [Year] Where the asset has been added to the asset register due to resegmentation.  Combination of Inventory, Condition and Financial fields Nil
Useful Life Only Material
Unit Rate Only Non Material
Condition Only Insignificant
Inventory Only  
Residual Only  
Visual Inspection - [Year] Where the asset has been updated to reflect the correction of its condition and hence this will affect the asset financial values. Condition Only Nil
Material
Non Material
Insignificant
Updates Other - [Year] Used to capture any other type of updates to the asset register Useful Life Only Nil
Unit Rate Only Material
Condition Only Non Material
Useful Life and Unit Rates Insignificant
Residual Only  
Inventory Only  
Dimensions Only  
Attributes Only  
Combination of Inventory, Condition and Financial fields  
Impairment - [Year] Used to capture impairment of assets i.e. Bridge which has been destroyed in flood or fire during the current financial year Combination of Inventory, Condition and Financial fields Material
Non Material