Asset Management and Capital Improvement Planning 050626
Training Details
Date & Time
May 06 - May 06, 2026
(GMT-08:00) Pacific Time (US & Canada)
Location
Fortuna, California
Department
Environmental Services
Training Format
On-site
Cost
Free of Charge
Registration Status
✓ Open for Registration
About This Training
Small water systems in California are struggling to manage their assets and financial resources effectively. Many systems lack the knowledge of how to turn their system data into adequate income and reserves to withstand emergencies and optimize the repair and replacement of failing assets. Board members, managers, and staff need to understand the importance of having an Asset Management Program (AMP) and Capital Improvement Plan (CIP) that can turn their data into accurate O&M budgets, reserve fees, and project planning.
Participants will learn:
- Recognize the importance of AMP & CIP.
Understand the Five Components of AMP. - Explain how an AMP can help to develop an annual O&M budget and CIP.
- Understand the Eight Key Elements in developing a CIP.
- Calculate how much cash will need to be set aside each year to secure adequate replacement reserves.
- Understand the Nine Key Elements to Prioritize a CIP.
- Identify funding options available to help finance a CIP.
The recommended audience includes board members, general managers, financial managers and operators.