Asset ManagementContact: Luke Dehtiar 616-307-0322
The principles of asset management are essential to proper operation of a water system. Asset management is a tool for water systems to plan for future financial needs, estimate the full cost of water service, and to ensure a sustainable utility. Most water systems already incorporate some of the principles into their business processes. The asset management rule in Michigan’s Safe Drinking Water Act aims to ensure that water systems are considering all costs as they plan for the future. The resources listed below will help water systems understand the principles of asset management and their responsibilities relative to the Safe Drinking Water Act.
This document is intended to provide clarification on the requirements for submission of asset management programs (AMP) to the Michigan Department of Environment, Great Lakes, and Energy (EGLE).
Frequent questions and answers regarding asset management have been assembled into a document for others to use as a reference.
A checklist has been developed for DWEHD staff to use in reviewing the AMPs when received. This checklist is provided here for others to use as a guide while assembling or reviewing their own submissions to EGLE.
The slides linked below were used in a series of training sessions held throughout Michigan in spring of 2017. They describe asset management principles generally, show some free asset management software tools, as well as provide details on EGLE’s requirements regarding asset management.
The Revolving Loan Section has produced a document that provides good background information on asset management and provides some instruction on how to use the workbook described below.
The Microsoft Excel based workbook may be a viable option for small, simple systems to assemble their asset management program. The workbook has tabs to set up an asset inventory, assemble the capital improvement plan, to assess different rate structures, and to complete a budget. This workbook can be a great tool for systems looking for a simple, free tool.
EPA’s Asset Management 101 presentation provides some good information on the basics of asset management, the importance of asset management, and some tips on how to structure an asset management plan.
EPA’s website on Asset Management for Water and Wastewater Utilities has information about asset management in general, online training modules, tools, and additional resources.