Construction Business magazine

    ARE STREAMS WORTH THE SAME AS CONSTRUCTED ASSETS? – “EAP, the Ecological Accounting Process, supports local governments that intend to include stream systems in asset management calculations and the M&M – that is, maintenance and management – of drainage services. Through EAP, local governments have a guiding philosophy, methodology and metrics to make a financial case for stream systems,” stated Ray Fung, retired Director of Engineering with the District of West Vancouver, in an article published by Construction Business magazine (March 2022)

    “Beyond local government, the provincial umbrella for EAP is ‘Asset Management for Sustainable Service Delivery: A BC Framework’. The driver for EAP is degradation of stream channels and streamside riparian setback zones. Over the last six years, the EAP methodology and metrics have been tested, refined and mainstreamed. The methodology has allowed consideration of opportunities taken or missed and risks avoided or incurred. On an ongoing basis, it allows for the question, how well are we doing? In short, EAP provides local government with a path forward to address loss of riparian integrity along streams,” stated Ray Fung.

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    LOCAL GOVERNMENTS NEED REAL NUMBERS TO DELIVER GREEN INFRASTRUCTURE OUTCOMES: “Decisions by elected Councils and Boards are made at the parcel scale. Getting it right about the financial valuation of ecological services starts at the parcel scale and recognizing that every parcel is interconnected within a system. EAP, the Ecological Accounting Process, is the only ecological methodology that deals with the parcel,” stated Tim Pringle, EAP Chair, when the Partnership for Water Sustainability released a downloadable resource about the story behind the story of EAP as part of its Living Water Smart Series (March 2022)

    “Land supports assets that provide services, and the decisions about land are made at the parcel scale. Communities are tied to the past through historical subdivision of land. Restoring the health of natural systems within the built environment means we must understand the ‘biology of land use’. The human analogy is DNA. The strength of EAP is in how it looks at and values streams as systems and as a land use. A stream corridor is a land use because it satisfies two criteria: it is defined in Riparian Areas Protection Regulations Act, and it has a financial value,” stated Tim Pringle.

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    ABOUT EAP, THE ECOLOGICAL ACCOUNTING PROCESS: “Local governments need real numbers to deliver green infrastructure outcomes. It is that simple. Tim Pringle’s unusual blend of education and career experience sets him apart from the usual suspects in the ‘ecological services crowd’. He is a sociologist who has a working knowledge of real estate finance. This experience propelled his breakthrough in developing the metrics for EAP,” observed Kim Stephens (March 2022)

    “Tim Pringle has demonstrated why and how ‘the parcel’ holds the key to integrating line items for maintenance and management (M&M) of streams systems in asset management budgets. Local government elected representatives and staff understand the parcel perspective because this is what they work with every day. Tim Pringle emphasizes that decisions by elected Councils and Boards are made at the parcel scale. Getting it right about financial valuation of ecological services starts at the parcel scale. EAP is the only ecological methodology that deals with the parcel,” stated Kim Stephens.

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    ARTICLE: Stream Corridor Management – in a local government asset management strategy that considers the natural environment, are streams worth the same as constructed assets? (Construction Business Magazine, Jan-Feb 2022)

    Beginning in 2006, Construction Business magazine has published an article every two years about the Water Sustainability Action Plan for British Columbia. “I contact industry experts regularly to share insights on important issues for our readers. Kim Stephens of the Partnership for Water Sustainability is one such expert that I turn to when seeking information on water related topics whether it’s strategies, policies, programs, or sustainability. His knowledge and contributions are much appreciated in our efforts to provide the most relevant information to the industry,” stated Cheryl Mah.

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