Completed SAW? Next Steps.
4 Steps to Consider in Asset Management Plans
Most communities that received a SAW grant over the past several years now have an in-depth look at their complete sanitary system.
The question now is, what do you do with it?
Asset Management Plans (AMPs) are intended to be "living and breathing" documents, meaning that each time an improvement is completed, or new issues are discovered, it should be updated. The good news is that longer term improvements and future planning are more easily developed.
AMPs can be overwhelming to create, update and implemenet. However, they are relatively simple in concept by considering a few key steps.
1. Define Your Issues
Where are your system's major problems? Develop a 5-year, 10-year and 20-year Capital Improvement Plan.
2. Review Your Rates
Is your current rate structure sufficient to cover those plans? What adjustment can be made? View our Water & Sewer Rate Study and compare your current rates to other municipalities.
3. Consider Funding Sources
Are your desired improvements eligible for outside funding? Funding for wastewater improvements are still available for qualified communities.
4. Adjust the Plan
Continue to adjust the Asset Management Plan to account for any changes to your system. Updates to the AMP will assist in the long term by helping to determine when and where future improvements should be made.
Is your community struggling to understand where to begin? Contact us, we're happy to help!