An Auditor-General’s report on Victorian Council’s Asset Management Systems has found that they are contributing to a renewal gap. The report found that poor management of assets has led to there being a significant difference between the funding needed to replace assets and the money actually budgeted. The report states that “Effective asset management is…being compromised by underdeveloped asset management information systems… Councils continue to rely on poor asset data and information systems and they are still not confident that all their assets have been identified and recorded”. Smaller councils are finding it challenging to implement an effective system due to the cost. The Auditor-General has recommended that councils consider shared development of information systems.