Asset Management is the coordinated activities of the Municipality to realize value from its assets to achieve organizational objectives. It is the plan for how to manage municipal infrastructure in order to provide services to residents and other users in a way that meets their expectations, and is financially sustainable into the future. Having a clear picture of the current state of municipal infrastructure, and expected levels of service, will help make more informed decisions about asset operations, maintenance and renewal.
Grey Highlands Municipal assets that are part of the Asset Management Plan, and which are essential to our service delivery, include the following:
- roads
- bridges and culverts
- wastewater systems
- water systems
- landfills
- sidewalks
- buildings
- equipment
Information that helps Council and Municipal Staff improve our asset management capabilities includes the following:
- life cycle costs of owning and operating an asset
- levels of service (including current, expected, and desired)
- risks, and risk management
- implications of future demand
Timeline, Reports, and Information
- July 17 2019: Strategic Asset Management Policy is approved by Council
- November 3 2021: Presentation to Council by PSD Consultants of the 2020 Asset Management Plan
- The new Asset Management Plan was approved on August 3, 2022, through staff report FIN.22.17, recommeding an annual tax levy increase of 1.3% of the total levy for the next 15 years, in order to eliminate the infrastructure deficit/backlog.
- Council authorized entering into a Light Fleet Maintenance and Renewal agreement with Enterprise Fleet Management in April 2023 to manage and plan for replacement of our light fleet vehicles.
- The Building Condition Assessment Results were received by Council at June 28 2023 Committee of the Whole. Council authorized the Treasurer to use the Building Condition Assessment report as a guide to update the Asset Management Plan. The Building Condition Assessments for 63 municipal facilities are available in our Document Centre.
- The Asset Management Team provides update reports to Council on an annual basis regarding asset management program progress for the Municipality
- The Treasurer reports to Council during the annual budget process on asset management financial status and funding deficit
Additional Information
Source: Asset Management Getting Started Guide
Municipality of Grey Highlands Forecasted Capital Requirements, 2020 Asset Management Plan
Municipality of Grey Highlands Infrastructure Condition, 2020 Asset Management Plan
*Source: 2020 Asset Management Plan
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