City of Thousand Oaks, California
The City of Thousand Oaks (City) was facing the need for a rate increase to help fund the future infrastructure replacement projects. With opposition from the public, the City needed to provide a comprehensive and justified reasoning to support the rate increase.
To meet this goal, the City contracted Kayuga to develop a capital rehabilitation and replacement model that documents what assets the City owns and manages, how much the assets cost, the current condition of the assets, and what investment it will take to sustain the delivery of service. A key component of the Financial Plan study is the sound estimation of the future capital (asset replacement and rehabilitation) investment needs. The City wanted to add confidence by having Kayuga evaluate the condition of the assets to estimate the remaining useful life.
Kayuga performed the asset inventory, condition assessment, risk assessment, and life cycle analysis to carefully document the future needs of the assets. Every accessible asset in the pump stations, reservoirs, lift stations, and treatment plant was visited to capture the asset inventory, asset data attributes, and current condition. An asset register was developed to document all asset information. The asset data in the developed asset register was later transferred to the City’s CMMS to ensure proper management of the assets. In addition, the asset register was processed through Kayuga’s IRIS (Infrastructure Reinvestment Intelligence System) tool. This tool performed life-cycle cost calculation for each asset and presented the future, long-range asset replacement and rehabilitation needs. Under limited budget, Kayuga helped the City the understand the budget needs to address the high-risk assets. Multiple funding strategies were modeled to comprehend the impact of funding versus the work backlog and risk.
With the data-driven approach of the IRIS tool, the City was able to convince the City Council and the public as to why the rate increase was required and how it was justified to sustain the delivery of the City’s water and wastewater services.
See a list of all of our clients here.
To meet this goal, the City contracted Kayuga to develop a capital rehabilitation and replacement model that documents what assets the City owns and manages, how much the assets cost, the current condition of the assets, and what investment it will take to sustain the delivery of service. A key component of the Financial Plan study is the sound estimation of the future capital (asset replacement and rehabilitation) investment needs. The City wanted to add confidence by having Kayuga evaluate the condition of the assets to estimate the remaining useful life.
Kayuga performed the asset inventory, condition assessment, risk assessment, and life cycle analysis to carefully document the future needs of the assets. Every accessible asset in the pump stations, reservoirs, lift stations, and treatment plant was visited to capture the asset inventory, asset data attributes, and current condition. An asset register was developed to document all asset information. The asset data in the developed asset register was later transferred to the City’s CMMS to ensure proper management of the assets. In addition, the asset register was processed through Kayuga’s IRIS (Infrastructure Reinvestment Intelligence System) tool. This tool performed life-cycle cost calculation for each asset and presented the future, long-range asset replacement and rehabilitation needs. Under limited budget, Kayuga helped the City the understand the budget needs to address the high-risk assets. Multiple funding strategies were modeled to comprehend the impact of funding versus the work backlog and risk.
With the data-driven approach of the IRIS tool, the City was able to convince the City Council and the public as to why the rate increase was required and how it was justified to sustain the delivery of the City’s water and wastewater services.
See a list of all of our clients here.