An Asset Management Plan (AMP) may have different meanings depending on a variety of reporting requirements. For the purposes of this presentation we will focus on the requirements per the Tennessee Department of Environment & Conservation (TDEC) and State Water Infrastructure Grant (SWIG) Program related asset management reporting requirements. TDEC and the SWIG Program provide administration of the $1.35 billion appropriated to Tennessee by the federal American Rescue Plan Act (ARPA) and all grant recipients are required to establish a comprehensive AMP by the end of the grant award. The compliance requirements of TDEC can help identify similarities and gaps of what an existing plan may look like versus the required components necessary for grant compliance. In addition to TDEC requirements, the Government Accounting Standards Board (GASB) also has financial reporting as a measure of accountability to the taxpayers and their understanding of the costs associated with maintaining government assets. Part of the presentation will evaluate the requirements of GASB and TDEC to aide in identifying these similarities and gaps. This evaluation can help provide a more holistic view of the five core components identified by TDEC. These include: 1) Current State of the Assets via Inventory and Condition Assessment, 2) Level of Service, 3) Critical Assets, 4) Minimizing Life Cycle Costs with a Capital Improvement Plan and 5) Long-Term Funding Plan and Rate Evaluation. Additionally, TDEC offers other considerations and the relationship between the Utility’s Scorecard and a comprehensive AMP. In general, this presentation will help communicate asset management reporting requirements as related to TDEC and ARPA grant funding, and how a utilities system existing data can be integrated into the AMP report.