119th Annual Conference Sessions: Capital Planning and Asset Management
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Sessions for Sunday, June 29
No capital planning and asset management sessions for June 29
Sessions for Monday, June 30
Capital Planning 101: Beginning Your Capital Improvement Planning Journey
For many governments, the budget process provides an opportunity to discuss priorities, goals, revenues, expenses, and services over the next year. However, it does not help prepare for large capital investments that may span fiscal years or where advanced planning multiple years in the future is required. For that governments also need an effective capital improvement plan (CIP).
Sessions for Tuesday, July 1
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.
Construction Zone: How to Communicate Capital Project Information to Your Community
Not only are large capital projects expensive, they are also usually very visible to the community. Some, like the construction of new parks or community centers may benefit from overwhelming public support, while others like rehabilitation of roads or bridges may place significant inconvenience on residents. With all projects, finance professionals need to work with other leaders to engage the public, communicate project information, and provide transparency into decision-making.
Sessions for Wednesday, July 2
Weather the Coming Storms: Infrastructure Planning for More Extreme Conditions
Conventional wisdom around asset maintenance teaches us that the useful life of an asset is driven by how well we maintain the asset, but times have changed. Extreme climate conditions and weather events have led to decreasing asset life cycles, increasing need for investments in resilience, growing insurance gaps, increasing costs, and failing infrastructure. With these challenges in mind, governments need to consider what investments should be made today to address future climate risks.