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c) LIFE-CYCLE MANAGEMENT PLANNING <br /> d) PHYSICAL & FINANCIAL DESCRIPTION OF ASSETS <br /> e) OPERATION, MAINTENANCE, RENOVATION, ACQUISITION AND <br /> REPLACEMENT STRATEGIES <br /> 7) CASH FLOW FORECASTS <br /> a) LONG TERM CASH FLOWS FOR OPERATION, MAINTENANCE, <br /> RENOVATION, ACQUISITION AND REPLACEMENT <br /> b) ASSET MANAGEMENT FUNDING <br /> 8) USER FEE / RATE STUDY <br /> 9) PROCEDURES FOR MONITORING, CONTROL AND REVIEW <br /> PHASE III — IMPLEMENTATION PLAN (Not part of this contract) <br /> Note: Phase III, Implementation Plan, is shown for illustrative purposes only as a typical <br /> example of additional work that will have to be performed in order to complete the <br /> Sanitary Sewer Master Plan. Phase III is not part of this contract. <br /> 1) FUTURE VISION (10 YEAR PLUS) <br /> 2) CURRENT PRACTICES <br /> 3) IDENTIFY GAPS BETWEEN CURRENT AND FUTURE VISION <br /> 4) OPTIONS, COSTS AND BENEFITS <br /> 5) ACHIEVABLE IMPROVEMENTS (2-3 YEARS) <br /> 6) LONG TERM PLAN <br /> 4 <br />