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What Is Asset Management?
Asset management is the process of planning, maintaining and investing in the Town’s infrastructure and physical assets in a sustainable and cost‑effective way.
Town assets may include:
- Roads and bridges
- Parks and trails
- Water, stormwater and drainage infrastructure
- Buildings and facilities
- Vehicles, equipment and other municipal assets
Why It Matters
Effective asset management helps the Town:
- Maintain safe and reliable infrastructure
- Plan for repairs, upgrades and replacement
- Make informed financial and investment decisions
- Deliver services efficiently and sustainably
- Balance current needs with long‑term planning
Asset Management Plan
The Town’s Asset Management Plan outlines how infrastructure is managed over time.
The plan includes:
- Inventory of municipal assets
- Current condition and performance of assets
- Lifecycle planning and maintenance strategies
- Financial planning and investment needs
Asset Management Plans are reviewed and updated regularly to reflect changing needs and priorities.
Corporate Asset Management Policy
Core Infrastructure Asset Management Plan
Non-Core Asset Management Plan
Infrastructure Asset Management Plan
How Asset Management Supports the Budget
Asset management planning plays a key role in how the Town develops its budget.
It helps:
- Identify infrastructure priorities
- Plan for long‑term capital investments
- Balance service levels with available funding
- Support responsible use of taxpayer dollars
Provincial Requirements
Municipalities in Ontario are required to develop and maintain Asset Management Plans in accordance with provincial regulations.
These requirements ensure:
- Consistent reporting and planning across municipalities
- Transparency in infrastructure investment
- Long‑term financial sustainability
Working for the Community
The Town uses asset management planning to support:
- Safe and accessible public spaces
- Reliable infrastructure and services
- Sustainable growth and development