Asset renewal is fully funded and takes place as scheduled

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Asset renewal is fully funded and takes place as scheduled.

The City of Germantown is responsible for significant physical assets including a utility system, streets, drainage system, fire stations, parks and other assets. The City believes that stewardship of City assets is essential to deliver high-quality services to its customers consistently and effectively. The City will review the Infrastructure Replacement Program (IRP) schedule on an annual basis to ensure assets are being replaced when their useful life exceeds value. This objective will be obtained as the City maintains an adequate fund balance and revenues over expenditures. This strategy ensures that assets will be replaced as indicated by the City’s IRP schedule.

No Information Percent of program established

Description

A local government is financially sustainable if the government is able to maintain its financial and infrastructure capital over the long term. An Asset Sustainability Index measure looks forward to assess whether the infrastructure investiment allows sustainable conditions into the future, preferably for a time horizon of at least 10 years.

Analysis

Impact

The City has a high ability to impact this measure.