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Webinar | Asset Management and Capital Improvement Planning Part 1/2
February 24, 2021 @ 10:00 am - 12:00 pmFree
This course is now offered as an online training. It is recommended to take both parts on the same day. Part 1, will take place from 10:00am to 12:00pm and Part 2, will take place from 2:00pm to 4:00pm. Please follow the links below to register for each part separately.
For any water utility, even a very small water system, asset management (e.g. water tanks, pumps, computers, buildings, etc.) plays a significant role in the overall financial performance and sustainability of the water system. With proper planning, the useful life of equipment can be extended, emergencies can be avoided, and overall costs will be reduced.
A capital improvement plan (CIP) prioritizes the replacement or installation of infrastructure assets. It includes the forecasting and budgeting of capital outlay and is an integral part of the budgeting and rate-setting process for even very small water systems.
Participants will learn:
- Inventory assets
- Prioritize project
- Analyze funding options
- Develop a CIP Reserve Fund
- Budget to support the CIP/Asset Management Plan