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city_services_iconAsset 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 Fully funded asset renewal

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

This is a measure that will be further developed over the course of this year.

Fiscal year 2018 4th Quarter Update: As a continuation from fiscal year 2018 3rd quarter, City staff are continuing to research various organizations to compare the use of an IRP Criteria. As found in the 3rd quarter of fiscal year 2017, the most widely used criteria is still based upon an overall formula that is nationally known for infrastructure replacement. It is a calculation that can be used by the City to clearly identify if the infrastructure replacement is a "want" versus is a "need". During this process, staff worked to define which category is an infrastructure replacement project (IRP) or assets for the city. By defining these categories, city staff was able to develop a criteria for new and established IRP or assets. Developing a policy will assist the City in focusing on preservation (needs) as opposed to capacity (wants) during the development of the infrastructure replacement plan.

 

Impact

The City has a high ability to impact this measure.
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GERMANTOWN, TN 38138 | (901) 757-7200
 
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WWW.GERMANTOWN-TN.GOV
1930 SOUTH GERMANTOWN ROAD
GERMANTOWN, TN 38138 | (901) 757-7200
 
©2016 THE CITY OF GERMANTOWN. ALL RIGHTS RESERVED.