| Communities are facing major challenges financing deferred maintenance, renewal and replacement of aging capital assets. As the existing capital asset base ages and population grows, increased demands for new capital assets will place further pressures on the ability of a local government to sustain those services. Information about the existing stock, the cost of its use, and the needs for its replacement must be at the forefront of decision making.
Decision makers do not always receive sufficient information to understand the financial effects of past funding decisions on the condition of existing capital assets and the cost of using them in service provision. Decision makers require complete, reliable, and unbiased information provided on a local government-wide basis.
In addition, the requirements set by the Public Sector Accounting Board (PSAB) for local governments to present information about the complete stock of their tangible capital assets and amortization in the summary financial statements have put pressure on municipalities to accurately record and report all of their tangible assets in their annual financial statements by 2009.
ESRI Canada has a solution to help you become PS3150 compliant - the Asset Valuation Toolkit.
Benefits of ESRI Canada's public works solution:
- Extensive knowledge of the industry
- Helps prioritize and standardize asset collection
- Template framework to capture, store, and maintain capital assets
- Standard data models integrated to setup tangible capital Assets
- Helps organizations become PSAB compliant
- Mature technology
- Rapid implementation - easy to use
- Leverage existing investment
- Extensible
ESRI Canada's solutions are interoperable with the many data formats public works departments use each day. Stand-alone tools work with the different data types, which allow users to build data and workflow models that automate common tasks. These tools and models can be shared throughout an organization to create efficient and uniform solutions.
ESRI Canada solutions provide the tools to
- efficiently store, manage, and maintain aging infrastructure;
- support critical business functions such as planning, service delivery, and regulatory compliance;
- effectively enable mobile workforce providing them with up-to-date information;
- improve communication of information and decision making internally and with the mobile workforce;
- increase accuracy and productivity; and
- achieve asset sustainability by developing long range capital plans and eliminating infrastructure gaps.
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