he goals of the Finance Team were to:
Develop financial metrics to be applied to
evaluate the financial implications of the
strategies at a planning level
Work with the Interdepartmental Team to
develop base financial data for strategies
financial evaluation
Identify viable financing techniques
Total Cost of Ownership
Total cost of ownership was discussed as a basis for
the financial evaluation of potential projects and
strategies. Components of “total cost” include:
Capital cost (first cost)
Operations and maintenance
Savings
Return on investment
Payback period
Life-cycle costs (net present worth)
Benefit/cost
However, as the financial information was being
gathered by the Team, they recognized that not all of
the data needed to evaluate the total cost of
ownership for the potential activities could be
obtained without extensive additional work. One
approach discussed with the Team was to proceed
with the analyses utilizing industry standard costs
T
Team Leaders
Stephen Bentley, Capital Budget Manager,
Budget and Management Services
Louis Buonpane, Senior Enterprise Programs Manager,
City Manager’s Office
Team Members
Fred Blackwood,
Finance
Julian Prosser,
City Manager’s Office
Allyson Wharton,
Finance
Tyrone Williams,
Finance
Paula Thomas,
Office of Sustainability
Cindy Holmes,
Office of Sustainability
Steve Burr,
Office of Sustainability
3
0
S
ECTION
8
Work of
the
Finance Team
The City’s
First “Sustainable
Procurement Policy”
was adopted by the City
of Raleigh in November 2011