Typical SRF Funding Timeline
Since 2014, SRF loan recipients must develop a fiscal sustainability plan covering asset inventory, condition evaluation, maintenance planning, and long-term funding strategy — components that overlap heavily with a formal Asset Management Plan. Many states go further, requiring or incentivizing a full AMP as a condition of funding.
Specific requirements vary by state. This timeline reflects common deliverables across multiple state programs.
Foundation & Planning
Establish your asset management team and define goals
AM Capabilities Questionnaire
Complete assessment of current asset management capabilities
AM Team and Mission Statement
Identify asset management champion and steering committee
Level of Service Goals
Define customer service standards and performance targets
Asset Inventory & Criticality
Document what you have and identify what matters most
Asset Registry Plan
Naming conventions, condition ranking charts, assessment protocol
Criticality Summary
Documentation of how you prioritize assets for immediate attention
Priority Asset List
List of critical assets ranked by risk score
Operations & Life Cycle
Document O&M approach and life cycle cost methodology
O&M List and Approach
Summarize O&M approach and provide examples
Life Cycle Costs (LCC)
LCC approach for critical assets
Financial Strategy & CIP
Build the funding case and finalize your plan
Financial Strategy/LTFP
Budget history, asset definitions, full lifecycle cost tracking approach
Capital Improvement Plan
CIP based on critical assets, LOS deficiencies, and priority list
Complete AMP Document
Full workbook with all supporting documentation
AMP Approved
Asset management plan approved — your utility is eligible for SRF funding
How States Use Asset Management for SRF
SRF implementation happens at the state level. How asset management factors into funding varies significantly.
AMP as a Loan Condition
Some states (e.g., Indiana, Tennessee) require a formal AMP to qualify for SRF assistance.
AMP Earns Priority Points
Many states give higher ranking to SRF applications that include an asset management program.
Grants to Build AMPs
Some states offer SRF planning loans or grants specifically to help utilities develop their AMP.
Need Help Meeting Your AMP Deadline?
Clarion can help you build a compliant asset management plan that stays current long after your loan closes.