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Acronyms . A . B . C . D . E . F . G . H . I . J . K . L . M . N . O . P . Q . R . S . T . U . V . W . X . Y . Z . All

Facility - A facility is a defined area containing a number of assets that are associated in some way. A simple facility could consist of a single main building and the grounds and infrastructure (e.g. car parks and fencing) surrounding it. A more complex facility, (e.g. a depot or a water treatment plant) could contain many buildings and/or other types of assets.

Failure Mode - An asset's failure mode describes the way in which a failure occurs.

Failure of an Asset - An asset may be considered to have failed if its function is no longer in accordance with the asset's performance requirements.

Fair Value - Fair Value is "the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties, in an arms length transaction." This is equivalent to the market value of the asset where one exists. If there is no market the fair value can be determined on a (depreciated) cost of acquisition basis.

Falling Weight Deflectometer - A falling weight deflectometer is a device used to evaluate the physical properties of road pavement.

Family Day Care - Family Day Care is full or part time, before and after school and respite care undertaken in the homes of registered careproviders.

Feed Hydrant - A feed hydrant is a term used to describe a fire hydrant suitable for supplying water to the suction of a fire fighting appliance.

Fence - A fence (also fencing) is a freestanding structure designed to restrict or prevent movement across a boundary.

Field Inlet Pit - A field inlet pit is a grated stormwater pit designed to drain a low point. Field inlet pits are typically located in parks, footpaths, medians and similar locations.

Final Seal - A Final Seal is a sprayed seal applied over the top of a primerseal about a year after the initial construction of a road pavement.

Financial Asset Register - A financial asset register appears to be the Australian Infrastructure Financial Management Guidelines term for a fixed asset register, i.e. a register of all assets and groups of assets with value greater than an entitity's capitalisation policy theshold. (The term is mentioned in Section 12.5, but not defined in the Glossary)

Financial Capitalisation Threshold - A financial capitalisation threshold or asset recognition threshold is a dollar amount below which expenditure is treated as recurrent expenditure, even if it associated with an activity that is typically capital in nature.

Financial Management - Financial Management is the management of the finances of an organisation in order to achieve financial objectives.

Financial Plan - A Financial Plan is a document that outlines an organisation's investment, debt & revenue policies.

Financial Statement - A financial statement is a document prepared annually by Councils and other organisations that provides information about the
organisation's financial position, financial performance and cash flows.

Fire Access Track - A fire access track is a track that is designed, constructed and maintained for the safe passage of fire fighting vehicles undertaking fire suppression activities.

Fire Fighting Appliance - Fire Fighting Appliance is a term used to describe a fire truck with a booster pump used to boost water pressure for fire fighting.

Fire Fighting Flow - The fire fighting flow is the flow rate required for fire fighting purposes established by assessing the building material type, building design and size and referring to the Fire Fighting Regulations.

Fire Hydrant - A fire hydrant is a source of water provided in most urban, suburban and rural areas with municipal water service to enable firefighters to tap into the municipal water supply to assist in extinguishing a fire.

Fitout - The term fitout (from a building valuation perspective) means the internal fittings and fixtures that are permanently attached to a building, e.g.

  • Benches
  • Ceilings
  • Internal walls & screens (excluding load bearing walls)
  • Floor Coverings (carpet, vinyl, tiles, timber parquetry)
  • Light fittings
  • Electrical Cabling & Fittings
  • Toilets
  • Kitchens

Fixed Asset Register - A fixed asset register is a high-level, asset register designed primarily to cater for the financial aspects of asset management rather than the engineering & operational aspects of asset management.

Flame Arrester - A flame arrester is a device that stops fuel from combusting by extinguishing the flame. It is commonly used in vents on fuel storage tanks and in fuel or flammable liquid storage cabinets.

Flexible Pavement - A flexible pavement is a road pavement with a structure that deflects, or flexes, under loading. A flexible pavement structure is typically composed of several layers of material. Each layer receives the loads from the above layer, spreads them out, then passes on these loads to the next layer below.

Floating Digester Lid - A floating digester lid or cover is used in wastewater treatment plants. It is a cover that floats on top of the sludge in the digester tank.

Floating GPT - A Floating GPT is a type of Gross Pollutant Trap consisting of a partial channel-width floating boom directing floating litter and debris into a floating pollutant retention cage.

Floating Litter Trap - Floating Litter Trap -> Floating GPT

Flood Level Marker - A flood level marker is a graduated post or pole placed adjacent to a flood prone area to indicate the depth of water during a flood event.

Flood Management Plan - A Flood Management Plan is a plan that aims to assist an organisation to undertake their flood management responsibilities and to ensure that suitable measures have been (or are being) implemented where possible to manage the existing risks associated with flooding.

Flood Mitigation Network - A flood mitigation network is a network of assets designed to mitigate the effect of flooding.

Flood Protection Barrier - A Flood Protection Barrier is a structure specially designed to temporarily protect properties during a flood event. Various proprietary, rapid deployment systems have been engineered, ranging from water or air inflatable tubes to self filling water barriers and fold-up steel wall systems.

Flooding - Flooding is the inundation of land with water. It is occurs when a water course overflows its banks, or where rainfall intensity over a period of time is so great that the drainage infrastructure within an area is unable to cope with the resulting runoff.

Floodplain - A floodplain is the area of flat land adjacent to a river, creek, lake, estuary, dam or artificial channel which is subject to flooding during high rainfall periods. It is considered that such land is not financially feasible to be protected against flooding.

Floodway - A floodway is either:
a) that part of the floodplain specifically designed to carry flood flows and ideally capable of containing the Defined Flood Event.
b) a section of road designed to be overtopped by floodwater during relatively low average recurrence interval (ARI) floods.

Floor - A floor is the walking surface inside a building.

Flowmeter - A Flowmeter is a device used to measure and display flow of a liquid or gas through a pipe.

Flushing - Flushing (also Bleeding) is the partial or complete immersion of aggregate into the bituminous binder causing low texture depth and inadequate skid resistance.

Footbridge - A footbridge (also pedestrian bridge) is a bridge designed for pedestrians and in some cases cyclists and horse riders, rather than vehicular traffic. Most local councils will be responsible for a number of pedestrian bridges.

Footpath - A footpath is a strip of concrete, asphalt, pavers, bitumen seal or crushed rock laid between the back of kerb and the property boundary (or elsewhere) for use as a path by pedestrians.

Footpath Grinding - Footpath Grinding is a maintenance activity involving grinding down of exposed footpath lips with a mechanical grinder.

Footpath Hierarchy - A footpath hierarchy (also pathway hierarchy) is a scheme for categorising footpaths into groups based on a number of factors including; usage, location and the demographics of the people likely to be using the footpath.

Footpath Sweeping - Footpath Sweeping is an activity undertaken to remove unwanted material such as litter from the footpath surface. It is generally undertaken for aesthetic reasons, but may also contribute to improved pedestrian safety and stormwater quality.

Footway - A footway is a footpath or similar structure designed for pedestrian use - a path for pedestrians across a road bridge or between buildings for example.

Formation - In civil engineering formation means "the surface of finished earthworks, excluding cut or fill batters."

Formation Width - The formation width of a road is the sum of the widths of medians + lanes + verges + shoulders.

Formed Road - A formed road is an unsealed road that has been shaped by a grader but has not been constructed with imported rock.

Found Asset - A found asset is an asset not included in an organisation's asset register at the time of its construction, that is subsequently identified as a being owned by the organisation, and belatedly recognised.

Fountain - A fountain is a decorative water feature that features a stream or streams of water discharging into a basin or jetting into the air.

Framework - A Framework is a broad overview, outline, or skeleton of interlinked items which supports a particular approach to a specific objective, and serves as a guide that can be modified as required by adding or deleting items.

Free & Open Source Software - Free & Open Source Software is software that is liberally licensed to grant the right of users to use, study, change, and improve its design through the availability of its source code.

Freeway - A freeway is a type of divided road with no access for traffic between interchanges and with grade separation at all intersections.

Front End Loader - A front end loader is type of heavy plant used in construction applications such as material handling, digging, load-and-carry, road building, and site preparation.

Fully Funded Depreciation - Fully Funded Depreciation is the amount saved to replace assets at the end of their useful life.

Functional Specification - A functional specification is documentation that describes the requested behavior of an engineering or software system. The documentation typically describes what is needed by the system user as well as requested properties of inputs and outputs.

Funded Depreciation - Funded Depreciation is the amount of revenue raised to fully cover the calculated cost of depreciation in any given year.

Funding Gap - A funding gap is the difference between;
a) the amount of funds required annually for satisfactory operation, maintenance & renewal of an asset class over the useful life of that asset class, and;
b) the amount of funds currently being spent on the asset annually.

Future Economic Benefit - The future economic benefit embodied in an asset is the potential to contribute, directly or indirectly, to the flow of cash and cash equivalents to the entity or with respect of not-for-profit entities, whether in the public or private sector, the future economic benefits are also used to provide goods and services in accordance with the entities' objectives.

Major Flooding - Major Flooding results in the inundation of large areas of land, isolating towns and cities. Major roads and rail links are closed. Evacuation of houses and businesses are likely.

Acronyms . A . B . C . D . E . F . G . H . I . J . K . L . M . N . O . P . Q . R . S . T . U . V . W . X . Y . Z . All
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