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The long-range financial needs will be viewable at any level in the asset hierarchy (e.g., by facility, by park, by asset). Where limited budget is a concern, IRIS will help the City prioritize the actions based on risk and provide a minimum life cycle cost. This ensures all investments are prioritized and provides a transparent and consistent way to communicate how effectively asset investments are being made. The following figure shows an example of the Replacement and Rehabilitation (R&R) cost projection in IRIS. Each bar in this graph can be clicked to show the list of assets and their associated attributes, type of activity (replacement or rehabilitation), and the associated costs. Deliverables • Management strategy database (.csv files) • Configuration and data upload for management strategy database in IRIS • Configure the lifecycle cost analysis in IRIS Task 7 Develop Asset Management Plan With the completion of the risk, life-cycle cost, and cost of ownership analyses, Kayuga will document the project in an asset management plan. An asset management plan is a long-range planning document that provides a framework for understanding the assets an organization owns, services it provides, risks it assumes, and financial investments it requires. An asset management plan can help an organization move from reactive to proactive management of its physical and financial resources. Deliverables • Asset Management Plan report Task 8 Funding Scenario Analysis Working together with City staff, Kayuga will develop a funding scenario analysis to show the level of work backlog at different funding levels. Through this exercise, the City will be able to answer the next asset management question: How much funding is necessary to sustain the delivery of services? The results of the funding scenario analysis will be documented as an additional section in the Asset Management Plan. The chosen funding scenario will be used to develop the Capital Improvement Plan (CIP). The CIP packages will be created based on the annual list of recommended replacement and rehabilitation projects, prioritized by their associated risk score, and bundled based on logical grouping (e.g., by park, by facility). The individual asset replacement and rehabilitation will be added to the CIP package until it reaches the maximum funding level for each year. The remaining unfunded activities will be rolled over to the following year. Deliverables • Funding scenario analysis configuration and analysis in IRIS • Inclusion of scenario analysis results in Asset Management Plan report Docusign Envelope ID: 68CA9FA1-7287-4B30-A9CA-8FBCA43733B4Docusign Envelope ID: 6475021B-3345-494C-9174-2E18C1EDC00A