Every government manages capital assets, but many governments inadequately fund their ongoing maintenance and lack the data needed to manage assets optimally. Failure to manage assets effectively can result in ballooning deferred maintenance backlogs at best and catastrophic asset failure at worst. This session describes how each community can take a more strategic approach to capital asset management, based on case study examples from local governments that are considered leaders in the field. The session will address how the Finance Department should work with other stakeholders, the key competencies you need to build in your organization, and how to remedy common capability gaps.