The purpose of an Asset Management Plan (AMP) is to better manage city facilities and equipment by defining a community’s individual infrastructure needs and developing meaningful, intelligent strategies to meet them. This information shapes the annual budgeting process by defining current needs and anticipating repairs, acquisitions, and improvements that will be necessary in the coming years.
The City of Kennedale’s AMP (PDF) was created through a partnership with Public Sector Digest and the University of Texas Arlington School of Urban and Public Affairs.
The Public Sector Digest Methodology
An intelligent AMP will fulfill at least two purposes. First, it will use available infrastructure data to develop financial strategies through the life cycle of community infrastructure. Second, the AMP will allow public works personnel to make data-backed decisions to optimize available funding. This way, important assets continue to function at their established levels of service without significant interruptions.
The implementation of an AMP involves collaboration between finance, planning, public works, and city management.