11-031 report ocr 1 |
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INTERIM STUDY REPORT Government Modernization Committee Rep. Jason Murphey, Chairman Oklahoma House of Representatives Interim Study 11-031, Rep. T.W. Shannon November 8, 2011 Oklahoma state government asset and cost savings program Leonard Gilroy, Director of Government Reform Reason Foundation Leonard.gilroy@reason.org • States don’t have a good handle on their real property assets. • The state should conduct a real property inventory (RPI). • The RPI will assess potential value of divesting an asset or property for the purpose of: + generating revenues and leveraging existing assets; + divesting underutilized or unnecessary land or assets to lower maintenance and operations costs; + selling or leasing assets to the private sector which can increase proper management and encourage economic growth. • There is a growing awareness among states of the need to have better asset management. • It is important to not only conduct an inventory, but to actively manage and analyze data. • Reviewed 12 recommendations based on best practices. John Morrison Office of State Finance John-morrison@dcs.state.ok.us • Annually identify the 5% most underutilized properties to describe the value of the properties, assess potential for selling property and describe the impact on local tax rolls if it is sold to a private entity. • The report will be available on data.ok.gov • The current property database is extensive but not comprehensive and does not include property values. • Provided additional information on the capital planning initiative comparing the current model vs. the proposed efficiency model. • Some benefits of comprehensive asset management include: + eliminating “silo” decisions and duplication of services; +efficiency and cost effectiveness of strategic contracts; +lower overall building operating costs; +predictable fiscal impact of technology and facility decisions. Regina Birchum, Deputy Treasurer Office of the State Treasurer • Many states and the federal government are pursing monetization of assets but there is no clear example of a long-term coordinated plan. • This presents Oklahoma with the opportunity to become the first state with a coordinated effort at asset monetization. • Asset management has been tasked to the treasurer in New Jersey, Arizona and Ohio.
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Title | 11-031 report ocr 1 |
Full text | INTERIM STUDY REPORT Government Modernization Committee Rep. Jason Murphey, Chairman Oklahoma House of Representatives Interim Study 11-031, Rep. T.W. Shannon November 8, 2011 Oklahoma state government asset and cost savings program Leonard Gilroy, Director of Government Reform Reason Foundation Leonard.gilroy@reason.org • States don’t have a good handle on their real property assets. • The state should conduct a real property inventory (RPI). • The RPI will assess potential value of divesting an asset or property for the purpose of: + generating revenues and leveraging existing assets; + divesting underutilized or unnecessary land or assets to lower maintenance and operations costs; + selling or leasing assets to the private sector which can increase proper management and encourage economic growth. • There is a growing awareness among states of the need to have better asset management. • It is important to not only conduct an inventory, but to actively manage and analyze data. • Reviewed 12 recommendations based on best practices. John Morrison Office of State Finance John-morrison@dcs.state.ok.us • Annually identify the 5% most underutilized properties to describe the value of the properties, assess potential for selling property and describe the impact on local tax rolls if it is sold to a private entity. • The report will be available on data.ok.gov • The current property database is extensive but not comprehensive and does not include property values. • Provided additional information on the capital planning initiative comparing the current model vs. the proposed efficiency model. • Some benefits of comprehensive asset management include: + eliminating “silo” decisions and duplication of services; +efficiency and cost effectiveness of strategic contracts; +lower overall building operating costs; +predictable fiscal impact of technology and facility decisions. Regina Birchum, Deputy Treasurer Office of the State Treasurer • Many states and the federal government are pursing monetization of assets but there is no clear example of a long-term coordinated plan. • This presents Oklahoma with the opportunity to become the first state with a coordinated effort at asset monetization. • Asset management has been tasked to the treasurer in New Jersey, Arizona and Ohio. |
Date created | 2012-03-12 |
Date modified | 2012-03-12 |