Capitol Improvement & Replacement Program
- The average water system doesn’t know why they charge what they do for water service.
- The average water system doesn’t know what their equipment, pipes and tanks will cost to replace.
- The average water system doesn’t know how long each of their components will last.
- The average water system doesn’t take action until there are big problems.
Don’t Be Average!
What does an Improvement and Replacement Program do?
- Evaluates value, condition, and useful life of equipment
- Determines the water rates necessary to accumulate funds to replace and/or upgrade the system
- Puts the community’s financial & level of service values on paper & into action
- Identifies improvements needed in the future
- Develops water rates that reflect community needs and values
- Provides an easy to understand summary report of all the above feaures
What does an Improvement and Replacement Program cost?
About 1% of the cost to replace your system
What does the failure to complete a plan cost?
- Low interest loan application due to lack of savings: ~$10,000+
- Just 1 year of interest on $100,000: ~$4,250
- Typical pre-mature pump failure for lack of optimization: ~$5,000
- Unnecessary/redundant pipe replacement: ~$50/foot