BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Risk Analysis of District Assets.
End
RECOMMENDATION:
Recommendation
Receive the information on risk analysis of District assets.
Body
SUMMARY:
The Board of Directors has adopted the following Board Governance Policies that provide guidance on managing and maintaining District assets:
EL-6. The BAOs shall protect and adequately maintain corporate assets.
6.4. Maintain an Asset Management Program
In support of EL-6, the Board has requested an update on the risk analysis of District assets. In addition, in the Water Utility Asset Management and Maintenance Program update presented to the Board on March 28, 2017, staff indicated that risk information would be presented to the Board at a future date.
The District assesses risk of its assets to identify potential failures that could have serious impacts to District operations, community property, the environment, public safety, and the District's finances and reputation. Risk analysis also provides insight for setting priorities and focusing resources. Risk analysis is the sixth step of the ten-step asset management planning model shown in Attachment 1, and is implemented through the District's asset management programs.
The District owns, operates, and maintains water utility, watershed and administrative assets throughout the County in support of the District's mission. Water utility assets include the equipment and components that make up the District's dams, pipelines, pump stations, water treatment plants, purification center, recharge ponds, and wells. Watershed assets include creek reaches and sub-reaches; and the levees, floodwalls, and point assets such as fish ladders that lie along a creek reach. Administration assets include the District's administration buildings and grounds, information technology (IT) equipment, and fleet equipment and vehicles. Each of these assets must be maintained, repaired, and periodically replaced to keep facilitie...
Click here for full text