Functional Area: Asset Sustainment
Action Item 25
Establish and implement a standard, agency-wide process for evaluating and communicating the current financial circumstances of all Reclamation infrastructure, including cost invested, repayment status, Operation and Maintenance (O&M) cost allocation, design life, facility condition, etc.
Team Lead: Efraim Escalante, Special Assistant, Policy Management and Budget, Commissioner’s Office.
Team Members:
- Kathy Marshall, Regional Financial Manager, Pacific Northwest Region
- Bruce Stockinger, Regional Financial Manager, Lower Colorado Region
- Mary Halverson, Regional Finance Officer, Upper Colorado Region
- Katherine Thompson, Regional Business Manager, Mid-Pacific Region
- Karl Stock, Economist, Contract Services Office, Office of Program and Policy Services
Objectives:
- Provide methodologies and develop policies to present information on project financial status (Construction and O&M costs)
- Enhance customer and Reclamation manager understanding of how Reclamation assigns costs to its projects, how these costs are allocated to project purposes, and how these costs are reported to water and power users
Tasks:
- Develop standard reports of financial status
- Develop a simplified, standard bill for collection of O&M costs
- Develop “Project Cost” training module/course for managers and customers
Milestones:
- May 2006: Review current reporting practices, develop prototype reports/products, obtain initial feedback from Reclamation managers.
- June 2006: Refine prototype reports/products for subsequent review by external customers.
- July 2006: Obtain feedback from external customers
- Aug 2006: Revise products, pilot internally and externally
- Sep 2006: Finalize deliverables and present for executive review
Products: (If you would like to provide comments on any draft products, visit the Draft Products page.)
Draft Product: Project Cost Reports
Last Updated:
January 10, 2007