The City of Dawson Creek is getting a handle on something they haven’t in half a decade - a tangible capital asset report.
It’s a list of what their assets are worth, and what amounts the city should be depreciating major infrastructure items at.
Flavia Rossi Donovan city Chief Financial Officer says the last time numbers were looked at in this regard was at least 2014.
The report notes what city assets are worth, what was paid for them, and how much they should be depreciating each year as a city asset. This will let city decision makers know well in advance when buildings are at end of life or hitting less than ideal conditions.
“The report breaks down spending of the last five years on assets, as well as accumulated depreciation”
“This will help emphazise replacement costs,” said Donovan.
Coun. Blair Lekstrom - said the report made sense to get the city back on some solid financial footing.
“As we move forward, these matters like roads are the backbones of our community,” if something goes sideways on work or a building, we have to be able to cover,” he said.