Keeping up with Capital Replacements; Crawl, Walk Run
Funding for replacing aging assets can be overwhelming, especially in an environment of resource scarcity. While there are no easy answers or magic solutions, this session will provide guidance on how to create a replacement funding strategy that will put your agency on the path toward financial sustainability. The session will show one agency’s progress in addressing this issue over a 15-year time span. It will focus on three phases of solving this problem; first - measuring and projecting needs, second - prioritizing funding of current replacements, and third - building reserves for to ensure sustainable funding.
Keith Hobson
Director of Business & Facilities, Tualatin Hills Park & Recreation District
Mr. Hobson is the Director of Business & Facilities, and has been with Tualatin Hills Park & Recreation District 17 years. Prior to entering public administration he spent 10 years as a practicing CPA with a focus on business planning. Mr. Hobson is active with the Special Districts Association of Oregon, serving on both the Board of Directors and the Legislative Committee. He has a Bachelor degree in Accounting from the University of Oregon, and a Masters in Public Administration from Portland State University.
Mr. Hobson is an active volunteer in his community, recently completing 12 years of serving on the Washington County Audit Committee, and currently serving on the board of a local non-profit affordable housing development agency.
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