Why Is This Important?
The City purchases, restores, builds and repairs assets and infrastructure (e.g. buildings, wetlands, trees, parks, water pipes, fire hydrants, roads) to provide community services. Best practices designed to achieve the most benefit from these assets at the lowest risk and cost to the public is a goal of asset management. Asset management is a professional discipline, like accounting or engineering, that many city employees work at every day. The City measures the general condition of assets on a regular basis to help us make budget decisions and best plan investments.