Long-Term Financial Modeling to Support Asset Management Decisions
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$30,000
Project Type
MAMP Projects
Sub Sector
Data Collection and Reporting
Grant amount$24,000
Program type
MAMP
Municipality
City of Terrace, BC
Status
Fully Disbursed
Population
12,017
Project timeline
2021 - 2022
Project number
17404
Description
The City of Terrace will develop a long-term financial model that will support asset management decision making. In particular, the financial model will help the City identify the risk associated with the current funding gap and help the City develop a financial plan to bridge its asset replacement funding gap.
Applicant
City of Terrace, BC