Capital Asset Maintenance Resource Center

Maintaining high-quality infrastructure is essential to the economic vitality and quality of life of communities. After an asset has been acquired, it needs to be maintained the standard that will allow the government to deliver the level of service desired by the community.

  • Inventory assets and ascertain physical condition. Knowing what assets a government has and the condition they are in is the first step towards a comprehensive asset maintenance strategy.
  • Establish maintenance standards by asset class. Having standards allows the government to compare actual condition to the standard and, thereby, identify the biggest need for maintenance.
  • Evaluate infrastructure and set priorities. With standards in place, the government can set priorities for asset maintenance.
  • Develop maintenance funding policies. Policies establish the intent to fund maintenance and create actual funding mechanisms.

 

GFOA Best Practices

GFOA identified the following best practices related to capital planning and budgeting.

 

Resources

Government Finance Review GFOA Research Other Resources

 

Additional GFOA Resources

Training

GFOA Conference

GFOA Research

 

Best Practices