Asset Management & Mitigation Accounting - Efficiency & Compliance
The Asset Management & Reporting section manages EEP’s mitigation credits, ILF permit requirements, EEP’s mitigation asset ledgers, and identifies operational strategies to meet existing and anticipated future needs.
The Asset Management & Reporting section supports program efficiency and compliance through comprehensive and accurate data management systems. Because EEP is a receipt-based program with no appropriated funding, it is essential that EEP uses the best available data to ensure that EEP implements watershed-based restoration projects in the appropriate amount, type, location and time for each watershed.
Over-procurement of credits can present a challenge as it could increase the overall costs of the program leading to higher mitigation fees. On the other hand, under-procurement can result in temporal loss of ecosystem function when impacts from development projects are not anticipated. While EEP has extensive data on past ILF payments and requirements statewide, outside factors such as economic conditions and the existence of other third-party mitigation providers (all mitigation applicants use EEP on a voluntary basis) and regulatory changes are realities that present a challenging environment within which EEP must operate.
The Asset Management and Reporting Section also conducts analyses of program financial and asset data and coordinates and produces EEP reports to satisfy both state and federal regulations, and other program reports, as required. Such reports include special legislative reports, state program reports and EEP’s Annual Report. To examine reports, please visit EEP's Library.