Are your revenues covering your expenses? Do you have emergency reserves or reserve accounts for repair and replacement costs? If not, you probably are NOT covering the full cost of the drinking water or wastewater treatment.
We can look at your financials and help you prepare a five-year budget projection and a plan for setting your rate structure to meet your goals.
Asset management is a process for maintaining a desired level of customer service at the best life-cycle cost. The goal is to minimize lifetime ownership cost through improved preventative maintenance and timely predictive maintenance (asset rehabilitation).
An asset inventory and condition assessment is conducted to understand the current set of circumstances for each utility and a capital improvement plan is built. The capital improvement projects are incorporated into the utilities long-term operating budget.
More advanced options could include commercially available computer maintenance management systems (CMMS) and geographic information systems (GIS).