Managing Local Assets

Abstract

No AccessJun 2014Managing Local AssetsAuthors/Editors: Olga Kaganova, Mihaly KopanyiOlga KaganovaSearch for more papers by this author, Mihaly KopanyiSearch for more papers by this authorhttps://doi.org/10.1596/978-0-8213-9830-2_ch6AboutView ChaptersFull TextPDF (0.6 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Demonstrates why physical assets (land, buildings, infrastructure, vehicles and equipment) and enterprises remain important for local well-being, and provides a framework and a set of practical tools for improving asset management and for linking asset management with financial management. Municipal governments control large portfolios of physical assets, which usually contain the lion’s share of local public wealth and which these governments manage on behalf of local taxpayers and citizens. Good management remains critical for public financial well-being and the quality and sustainability of local services, contributing to local economic development and the quality of life. Better asset management produces benefits, including (1) very real savings and additional revenues for the local budget; (2) better-quality assets and services; and (3) more trust between people and government. Asset management remains a technical area, so municipal staff members must build expertise and pay attention to regulatory, procedural, real estate, and infrastructure operating details. ReferencesEnglish, Richard and Frederick E Brusberg. 2002. Handbook for Preparing a Resettlement Action Plan. Washington, DC: International Finance Corporation, World Bank. Google ScholarFarvacque-Vitkovic, Catherine, Lucien Godin, Hugues Leroux, Florence Verdet, and Roberto Chavez. 2006. Street Addressing and the Management of Cities. Washington, DC: World Bank. 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