Capital Planning and Infrastructure Best Practices
Capital Asset Management
Local, state and provincial governments should establish a system for assessing their capital assets and then appropriately plan and budget for any capital maintenance and replacement needs.
Role of the Finance Director in Capital Asset Management
State and local government officials should extend the involvement of the finance director through all phases of asset management. Finance officers should be involved by understanding and providing information to support decisions.
Strategies for Establishing Capital Asset Renewal and Replacement Reserve Policies
Governments should adopt a written policy addressing capital asset reserve for renewal and replacement. The establishment of a capital asset reserve provides governments additional flexibility in a strong capital asset management program.