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Lake Forest asset‑management plan flags $16M in high‑risk assets; CIP shows $36M program with 33 projects completed
Summary
City staff presented an asset‑management report on April 15 that cataloged more than 73,000 assets, assigned condition and risk ratings and identified roughly $16 million in high‑risk asset replacement cost; staff also reported on a $36 million capital improvement program with 33 projects completed to date.
Finance and Public Works staff told the Lake Forest City Council on April 15 that a newly completed asset‑management plan inventories more than 73,000 city assets and assigns condition and risk ratings to guide capital planning, while the capital improvement program (CIP) update summarized project status across parks, roads and facilities.
Finance analyst Vonna Shrago presented the asset management findings and described the methodology: each asset received a condition rating from "new or excellent" to "poor or failed" and a risk prioritization…
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