2023 Annual Conference Sessions: Capital Planning and Asset Management
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Sessions for Sunday, May 21
Public-Private Partnerships in Action
When private investment is brought to a public project there is an inherent tension present in both the financing and implementation, which is manifest in the balance between risk and cost. The amount of risk and cost that is carried or shifted between the public and private partners yields a continuum of what projects and agreements look like for governments and their partners. What does a good deal look like? What are the criteria governments should utilize in decision making around project selection and deal implementation? What are the lessons learned by those that have done these kinds of projects? This session looks to explore P3s as not just an opportunity to be explored, but to utilize a case study to analyze the decisions around when and under what conditions to utilize this financial and project implementation tool.
Sessions for Monday, May 22
Resiliency for Capital Assets in the Times of Environmental Change
There are hundreds of billions of dollars of infrastructure in the ground at all levels of government that act as the assets we depend on every day. The planning and resourcing that went into every one of those fixed structures represent years of design, implementation, and financial commitment. What actions are governments taking to look across assets to ensure they are designed and maintained to be resilient? How can government invest in the evolution of existing assets to have them to be ready for today and tomorrow? How can government look into an unsure future to ensure that the capital brought online will be resilient at a level we cannot totally anticipate? What level of investments can be made balanced to the realities of what our jurisdiction can afford? The discussion will focus on sustainability and stewardship in all aspects of the push to find resilience through existing and new asset investments.
Asset Management Across the Globe: International Capital Planning and Implementation
GFOA has many partner organizations across the globe. Come hear from a select group of these international partners on what they are seeing and experiencing in their jurisdictions and countries around asset management and capital planning. There will be comfort in the shared issues and challenges and invigorating insights from leaders making a positive change on multiple continents. This presentation and conversation will be a chance to step out of the traditional thinking and inherited conditions many governments face and see how other professionals and countries are tackling similar challenges faced by Public Finance Professionals across the globe.
Sessions for Tuesday, May 23
Don't Let it "Slide": Moving to Proactive Asset Management
Capital Planning is a balancing act of: the maintenance of assets that are currently in place, seeing the asset needs for the future, measuring the gaps that require new facility investments, and thinking about the available revenues that are available to make these expenditures. The perceived lack of visibility for investment in current assets often yields annual budgets with unfortunate realities like deferred maintenance in the operating budget and losing the high-stakes annual capital improvement plan pageant to new projects in the capital budget. The deficit of investments in existing assets is a lack of stewardship that leaves jurisdictions vulnerable to the most expensive class of potential asset costs; emergency purchases for asset failure. This panel will explore the concepts and tools that finance departments can utilize to move thinking from Reactive to Proactive in the stewardship of assets like the master plan, consideration of levels of service, and the structure of decision making relative to the capital plan.
Building Understanding: How to Work with the Public Works Department
It is essential that Public Finance Professionals have a good working relationship with the agency's Public Works Professionals. In order to have an effective relationship, Public Finance Professionals need to understand how to communicate with Public Work Professionals, and communicate Public Finance realities, needs, and priorities in a manner that helps build the partnership between departments to meet mutual goals. This session will help Public Finance Professionals understand the Public Works Professional perspective and priorities, develop strategies to effectively communicate needs, and create a partnership dynamic with your agencies on how to best work together to define, fund, and deliver a level of service for a jurisdiction.