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.
Percent of program established
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.
This is a new proposed program that will be put into place once all areas for considerations and clarifications have been determined. The timeline to complete this project is anticipated to take three to five years. Therefore, data does not currently exist. Milestones of completion will serve as data to help ensure that the project is on time for implementation.
The City has a high ability to impact this measure.