Asset Management for Finance Officers
Capital assets are the largest investments for most governments: from planning, to financing, to construction, to operations, maintenance, and replacement. Asset Management is the strategic process that begins once capital assets are put into service. What does the governmental entity own, where is it located, what is the condition, what is the replacement cost, and where are the resources to maintain, refurbish, or replace? Asset Management involves the plans for the resources and processes to catalog and 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.