Capital Asset Assessment, Maintenance and Replacement Policy (2007 and 2010)
Commentary on the GFOA Best Practices Part 5
Recommendation five of the GFOA Replacement Policy focuses on performance measurement against the defined service level goals.
5. Monitoring and communicating progress toward stated goals and the overall condition of its capital assets with appropriate controls to ensure the validity and accuracy of the information. This process should describe how actual facility condition and performance compares to the targeted standard for each asset type. Governments should also review and report the operating impacts related to capital investments during project implementation and for a specified time period following project implementation…
You must log onto the Library to view the rest of this article. If you do not already have a library account, please register here.