{"id":1973,"date":"2021-01-20T16:20:23","date_gmt":"2021-01-20T16:20:23","guid":{"rendered":"https:\/\/swefc.unm.edu\/iamf\/?page_id=1973"},"modified":"2026-03-12T21:30:58","modified_gmt":"2026-03-12T21:30:58","slug":"current-state-of-assets-type-of-inventory-information-to-collect-ownership","status":"publish","type":"page","link":"https:\/\/swefc.unm.edu\/iamf\/current-state-of-assets-type-of-inventory-information-to-collect-ownership\/","title":{"rendered":"Current State of Assets \/ Type of Inventory Information to Collect \/ Ownership"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; positioning=&#8221;none&#8221; horizontal_offset_tablet=&#8221;&#8221; horizontal_offset_phone=&#8221;&#8221; horizontal_offset_last_edited=&#8221;on|tablet&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_margin_tablet=&#8221;&#8221; custom_margin_phone=&#8221;&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;0px|||0px|false|false&#8221; custom_padding_tablet=&#8221;|||25px|false|false&#8221; custom_padding_phone=&#8221;&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover_enabled=&#8221;on|desktop&#8221; custom_padding__hover=&#8221;0px|||0px|false|false&#8221; theme_builder_area=&#8221;et_body_layout&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;][et_pb_text _builder_version=&#8221;4.27.5&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; custom_padding=&#8221;|||0px||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;]<\/p>\n<h2>Ownership<\/h2>\n<h4><\/h4>\n<p><img decoding=\"async\" src=\"https:\/\/swefc.unm.edu\/iamf\/wp-content\/uploads\/2026\/03\/sewer-shrub-300x200-1.jpg\" width=\"375\" height=\"auto\" alt=\"\" class=\"wp-image-13300 alignright size-medium\" style=\"border-radius: 25px;\" \/><span data-contrast=\"none\">Most utilities own the assets associated with the systems they manage; however, there might be cases in which the system manages assets it does not own, or there are assets adjacent to or serve a function associated with a managed asset.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Often green assets,\u00a0predominantly associated\u00a0with stormwater systems,\u00a0are not owned or managed by the system, such as a rain garden or a green roof.\u00a0Those assets should be included in the inventory because the\u00a0utility still needs to\u00a0track the asset condition and how it is\u00a0maintained\u00a0to ensure that those features are functioning appropriately.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">You may\u00a0choose to separate the asset inventory into assets\u00a0your utility\u00a0own and assets\u00a0you\u00a0do not.\u00a0Tracking them separately allows\u00a0for:\u00a0<\/span><\/p>\n<ul><\/ul>\n<ul><\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.5&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; custom_margin=&#8221;-40px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>understanding the different methods and schedules for\u00a0maintaining\u00a0assets<\/li>\n<li>knowing how the assets are funded to include in long-term planning and replacement<\/li>\n<li>identifying\u00a0which departments\u00a0maintain\u00a0which assets<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.5&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; custom_margin=&#8221;-61px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;]<\/p>\n<p><span data-contrast=\"none\">You can choose to include all assets in one\u00a0inventory but\u00a0have a category that\u00a0indicates\u00a0ownership\u00a0of the asset. Tracking them together allows for:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.5&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; custom_margin=&#8221;-21px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>viewing\u00a0all\u00a0your assets in one place<\/li>\n<li>pulling together estimates of\u00a0full costs for replacement of sections of your utility system<\/li>\n<li>sharing full information about the assets that the utility uses to provide services<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.5&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; custom_margin=&#8221;-57px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;et_body_layout&#8221;]<\/p>\n<p>Asset ownership can\u00a0have an\u00a0impact\u00a0on\u00a0the ability to conduct maintenance activities, such as removing invasive species or managing vegetation on adjacent properties. In some cases, systems have offered to treat green assets on private\u00a0lands\u00a0or install security features\u00a0to ensure the assets are properly\u00a0maintained\u00a0and continue to meet the desired level of service. It is important to consider the ability to access the asset for maintenance when assets are installed.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ownership Most utilities own the assets associated with the systems they manage; however, there might be cases in which the system manages assets it does not own, or there are assets adjacent to or serve a function associated with a managed asset.\u00a0\u00a0 Often green assets,\u00a0predominantly associated\u00a0with stormwater systems,\u00a0are not owned or managed by the system, such as a rain garden or a green roof.\u00a0Those assets should be included in the inventory because the\u00a0utility still needs to\u00a0track the asset condition and how it is\u00a0maintained\u00a0to ensure that those features are functioning appropriately.\u00a0\u00a0 You may\u00a0choose to separate the asset inventory into assets\u00a0your utility\u00a0own and assets\u00a0you\u00a0do not.\u00a0Tracking them separately allows\u00a0for:\u00a0 understanding the different methods and schedules for\u00a0maintaining\u00a0assets knowing how the assets are funded to include in long-term planning and replacement identifying\u00a0which departments\u00a0maintain\u00a0which assets You can choose to include all assets in one\u00a0inventory but\u00a0have a category that\u00a0indicates\u00a0ownership\u00a0of the asset. Tracking them together allows for:\u00a0 viewing\u00a0all\u00a0your assets in one place pulling together estimates of\u00a0full costs for replacement of sections of your utility system sharing full information about the assets that the utility uses to provide services Asset ownership can\u00a0have an\u00a0impact\u00a0on\u00a0the ability to conduct maintenance activities, such as removing invasive species or managing vegetation on adjacent properties. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-1973","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Current State of Assets \/ Type of Inventory Information to Collect \/ Ownership - Integrated Asset Management Framework<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/swefc.unm.edu\/iamf\/current-state-of-assets-type-of-inventory-information-to-collect-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Current State of Assets \/ Type of Inventory Information to Collect \/ Ownership - Integrated Asset Management Framework\" \/>\n<meta property=\"og:description\" content=\"Ownership Most utilities own the assets associated with the systems they manage; however, there might be cases in which the system manages assets it does not own, or there are assets adjacent to or serve a function associated with a managed asset.\u00a0\u00a0 Often green assets,\u00a0predominantly associated\u00a0with stormwater systems,\u00a0are not owned or managed by the system, such as a rain garden or a green roof.\u00a0Those assets should be included in the inventory because the\u00a0utility still needs to\u00a0track the asset condition and how it is\u00a0maintained\u00a0to ensure that those features are functioning appropriately.\u00a0\u00a0 You may\u00a0choose to separate the asset inventory into assets\u00a0your utility\u00a0own and assets\u00a0you\u00a0do not.\u00a0Tracking them separately allows\u00a0for:\u00a0 understanding the different methods and schedules for\u00a0maintaining\u00a0assets knowing how the assets are funded to include in long-term planning and replacement identifying\u00a0which departments\u00a0maintain\u00a0which assets You can choose to include all assets in one\u00a0inventory but\u00a0have a category that\u00a0indicates\u00a0ownership\u00a0of the asset. Tracking them together allows for:\u00a0 viewing\u00a0all\u00a0your assets in one place pulling together estimates of\u00a0full costs for replacement of sections of your utility system sharing full information about the assets that the utility uses to provide services Asset ownership can\u00a0have an\u00a0impact\u00a0on\u00a0the ability to conduct maintenance activities, such as removing invasive species or managing vegetation on adjacent properties. 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