How to Write a Long-term Financial Plan for Asset Management

Asset Management Training with AMBC:
How to Write a Long Term Financial Plan for Asset Management

Join Christopher Paine, Principal of FIT Local Government Consulting for a long term financial planning workshop related to asset management. This workshop will help equip your community with the knowledge needed to move toward sustainable service delivery through financial sustainability, helping you learn how to value your assets, forecast your spending, and improve financial sustainability.

This course will equip participants with the simple tools to develop a long term financial plan for the replacement of an organization’s infrastructure and assets. Participants will learn methodologies for valuing their assets, and forecasting replacement costs. Furthermore, participants will learn how to conduct a financial sustainability analysis which compares current funding levels to required funding levels, coupled with strategies to close the funding gap. Participants will be invited to utilize their own data to conduct modelling and demonstrate concepts.

From data collection, through core calculations to developing funding options and communicating findings, this hands-on asset management training course is a must for anyone involved in creating a long-term sustainability plan for asset management and having to prove their case with solid calculations.

This course has been developed with the invaluable support of Asset Management BC and the Union of BC Municipalities.

Training Subsidies

Training subsidies of up to 50% per registration are available to eligible participants.  For more information, please email us at [email protected] 

There are three upcoming opportunities to join this training, both in-person and online. Learn more and register below.

Course Content

Coursework for the full-day or 3 module, online sessions will cover the following: 

  • Module 1: Introduction – learn about the legislative and practical imperative for asset management financial sustainability. 
  • Module 2: Data Collection – learn how to harvest the data needed to conduct financial modelling and financial sustainability analysis. 
  • Module 3: Core Calculations – learn the core calculations required to communicate findings and develop recommendations. 
  • Module 4: Modelling – learn how to conduct defensible financial modelling for financial sustainability and forecasting. 
  • Module 5: Developing Funding Options – learn how to develop and present various funding options to governance decision makers. 
  • Module 6: Sensitivity Analysis – learn how to conduct a sensitivity analysis that reinforces the credibility of findings and recommendations.   
  • Module 7: Communicating Findings – learn how to effectively communicate findings and recommendations, the most important step of the process. 

Participants will be provided with the following resources after completion of the workshop: 

  • LTFP for Asset Management Guidebook 
  • Inventory templates (Excel) 
  • Forecasting templates (Excel) 
  • LTFP Report template (Word) 

Training Outcomes

The workshops provide learning and experience of how to develop and implement long-term financial plans based on objectives established within the Guide. Preparing a long-term financial plan in a manner consistent with the Guide will accomplish the following:  

  • Highlight unsustainable funding levels that may result in intergenerational inequitable access to capital services or intergenerational inequitable funding levels,  
  • Demonstrate the life-cycle costing benefits to long-term financial planning, and 
  • Construct “course-correction” options to achieving sustainable funding levels. 

Who Should Attend

Municipal, Regional District and First Nation community staffYou will get the most out of this workshop if a minimum of two people from different departments and disciplines attend together – ideally finance and public works/engineering Councillors and Area Directors interested in rolling up their sleeves are also encouraged to attend.  

There are three Long Term Financial Planning for Asset Management training options to choose from:

Online Workshop Series

September – October 2024

Online workshop series with 3 modules, 9 hours of training
Cost: $675

Series schedule:
September 19th (9:30 AM – 12:30 PM)
September 26th (9:30 AM – 12:30 PM)
October 3rd (9:30 AM – 12:30 PM)

Pre-Conference Workshop

November 5, 2024

Full-day, in-person pre-conference workshop

9:30am-4:30pm
Radisson Hotel, Richmond, BC
Cost: $675

Online Workshop Series

November 2024

Online workshop series with 3 modules, 9 hours of training
Cost: $675

Series schedule:
November 15 (9:30 AM – 12:30 PM)
November 22 (9:30 AM – 12:30 PM)
November 29 (9:30 AM – 12:30 PM)

Once registered, we will contact registrants to confirm logistics.

Full day, in person (or on-line) workshop(s) for individual and/or 2-3 communities are also available.  For more information and to schedule a date(s), please email [email protected] 

For more details on training and the How to Write a Long-Term Financial Plan for Asset Management Guide.

About Christopher Paine

Christopher Paine is a Chartered Professional Accountant who spent the first 5 years of his career working for local government in senior financial positions including the Chief Financial Officer role. Christopher is the principal with FIT Local Government Consulting and has spent time providing long term financial planning training through Asset Management BC, the Government Finance Officers Association of BC, and the Alaksa Municipal League. He is the author of “How to Write a Long Term Financial Plan for Asset Management”.

Free Tool: How to Write a Long-Term Financial Plan for Asset Management Guide

This Guide has been prepared with a broad audience in mind. While the course material contains some technical analysis, the overriding objective is to empower non-financial professionals to work with their finance colleagues to develop long-term, sustainable funding for the public assets entrusted to them. The concepts found within this Guide are scalable to all sizes of local governments. 

Download the Guide (English Version) 

Download the Guide (French Version)