Asset Management Program

The Asset Management Program is a free program, developed through a partnership with FDEP and FRWA to provide our smaller to medium size water and wastewater systems assistance in completing an Asset Management Plan. An Asset Management Plan is a requirement for participation in the State Revolving Loan Fund Program. This program allows a system the opportunity to take advantage of any principal forgiveness or interest rate reduction benefits offered by FDEP.  To be accepted for the interest rate adjustment and to be eligible for reimbursement, an Asset Management and Fiscal Sustainability Plan (AMFS) must be adopted by ordinance or resolution and written procedures must be in place to not only implement the plan, but to do so in a timely manner.  

Asset Management can be described as ‘a process for maintaining a desired level of customer service at the best appropriate cost’. The goal is providing safe, reliable service while at the same time being conscious of the costs involved both short and long term. Asset Management includes building an inventory of the utility’s assets, developing and implementing a program that schedules and tracks all maintenance tasks, and developing a set of financial controls that will help manage annual revenue and expenses. The Plan also provides documentation that helps the utility understand the assets they have, how long these assets will last, and how much it will cost to maintain, repair, or replace these assets along with corresponding financial projections which show the utility whether rates and other revenue mechanisms are sufficient to supply the utility’s future needs.

The purpose of an Asset Management and Fiscal Sustainability Plan is to help the utility operate and maintain their system in the most effective and financially sound manner. As a valued FRWA member, it is our goal to help the system make the most effective and efficient use of your limited resources by providing an unbiased, impartial, independent review of your utility assets to better meet the needs of the system and the community. If your system is considering using the State Revolving Fund to help finance your project, please contact us at admin@frwa.net or call 850.668.2746.