GFOA & IPWEA Concepts in Infrastructure Financial Management
Course Overview
Capital assets are the largest investments for most governments: from planning, to financing, to construction, to operations, maintenance, and replacement. Therefore, making generational investments and maintaining capital infrastructure at the desired levels of service requires thought and study from multiple stakeholders. Financial leaders find that these necessary capital planning and asset management decisions, made to preserve and enhance your community’s vitality and quality of life, take forethought and planning. Infrastructure Financial Management is the marriage of Capital Planning and Asset Management. This asynchronous class is an introduction to these concepts and provides a starting place for the work of planning and management of the enterprise wide capital needs of your government.
This course will walk you through examples using best practices in Capital Planning and Asset Management planning which includes many of the common challenges associated with longitudinal investments in existing assets including the processes and decision making needed to maintain capital infrastructure in the condition necessary to preserve and enhance your community’s vitality and quality of life and optimal stewardship of the finite resources of the jurisdiction.
Who Will Benefit
Government Finance Officers, Government Financial Department Leaders, Capital Budget Managers, Public Works and Engineering Department Leadership, Budget Office Personnel, Government Departmental Financial Leadership, Elected Leaders
Learning Objectives
- Underscoring governmental stewardship obligations to stakeholders as asset and finance managers
- Sharing GFOA Best Practice recommendations for infrastructure financial management including Capital Improvement Planning and Asset Managment
- Understanding Asset Lifecycle and service costs
- Emphasizing the need for shared Asset Data in both Asset and Financial Management, how decision making is enhanced when government is using unifom data acrss the organization
- Highlighting the utilization of good Asset Data for Asset and Financial Management
- Linkages between Asset Performance and Infrastructure Financial Sustainability