Ohio Administrative Code
Title 3745 - Ohio Environmental Protection Agency
Chapter 3745-87 - New Community or Non-Transient Non-Community Public Water Systems
Section 3745-87-01 - Asset management definitions
Current through all regulations passed and filed through March 18, 2024
Except as otherwise noted, the definitions in rule 3745-81-01 of the Administrative Code shall apply to this chapter.
(A)
(B) [Reserved.]
(C)
(D) [Reserved.]
(E) [Reserved.]
(F) [Reserved.]
(G) [Reserved.]
(H) [Reserved.]
(I) [Reserved.]
(J) [Reserved.]
(K) [Reserved.]
(L) [Reserved.]
(M) "Metric" means a qualitative or quantitative measure of actual performance against a standard or other target.
(N)
(O) "Operating ratio" means a ratio comparing the system's operating expenses divided by its operating revenue (or net sales).
(P)
(Q) [Reserved.]
(R) "Reserve funds" means funds used for addressing expense situations of a capital nature that were not expected nor anticipated.
(S) "Succession planning" means the process for identifying and developing new or current personnel who can replace personnel when vacancies occur.
(T) [Reserved.]
(U) "Useful life" means the average amount of time in years, that a new system component is estimated to function when installed.
(V) "Vertical asset" means an asset within a building or facility often comprised of multiple components, also known as an above-ground asset. In the context of the water industry, this typically refers to assets within pump stations, treatment plants, and may include other facilities, such as storage facilities.
(W) [Reserved.]
Replaces: 3745-87-01