1. Asset Management from the Elected Official/Policy Maker Perspective
Presenter: Lloyd Warren, Sammamish Plateau Water

2. District Grew Rapidly Over 3 Decades

3. Transition of Asset Replacement Costs

4. 2014 Recognizing the Impending Wall

5. 2014 How the Wall Affects Fund Balance
Cash is needed to avoid large future debt, 2014 projection ($383,964,000)

6. Asset Management Long-term Perspective

7. Water Rate Revenue 2017 Water Total Rate Revenue: $13,449,369
2020 Projected Water Total Rate Revenue: $15,524,728

8. Observations The culture of the organization has to change
Asset management philosophy transcends organizational structure
Shapes and drives most of the programs in the organization
Management systems need to be implemented over a long period of time – be patient but persistent
Staff roles, skills, and responsibilities change dramatically over time

9. Requires Policy Makers to Make Decisions
Better information makes it harder to avoid tough decisions
Need to accept and defend long-term perspective
Service levels need to be established
Have to determine who pays

10. Asset Management Policy