If It's Not Broke, Fix it: Proactive Asset Management

While asset management is important for all types of local governments, it is particularly crucial for utilities, as assets are the means by which they provide the services their customers rely on. If an asset breaks down or fails, it can affect the entire delivery system and lead to service interruptions. Over the long-term, continued asset failures can lead to growing distrust among customers. Utilities can avoid this scenario by developing a proactive asset management renewal and replacement program to plan for and maintain critical infrastructure and equipment.

Panelists will share their experience implementing a proactive asset management program, including challenges they encountered and how they overcame them. This session is sponsored by GFOA's Utility Finance Forum and will include an opportunity for member networking. The session is open to all conference attendees.