Asset Management Plan

The Township’s Asset Management Plan (AMP) is the first step in building a comprehensive, long‑term infrastructure plan. This living document guides municipal infrastructure investment and is updated regularly to reflect changing needs and priorities. The AMP was developed in accordance with Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure. View the 2025 Asset Management Plan and subsequent Progress Reports below.

2025 AMP 2026 AM Progress Report

Format

The AMP is set up in a format that is consistent with the Ministry of infrastructure guidelines which includes:

Introduction
State of local Infrastructure and Levels of Service
Lifecycle Management Strategies
Financial Strategy
Recommendations and Next Steps

Updates

Ontario Regulation 588/17 requires municipalities to complete a comprehensive update of their Asset Management Plan every five years and for Council to conduct annual reviews of the Township’s asset management progress.

Township staff from various departments update the Asset Management Plan as new information becomes available. These updates include:

Ongoing condition assessments
Revised costing
The purchase and disposal of capital assets

The Township is expanding the Asset Management Plan to include additional asset categories in accordance with Federal Gas Tax funding requirements. Updates will be available throughout the year.

Policy

Asset Management is a broad strategic framework that encompasses many disciplines and involves the entire organization. The term asset management as used in this document is defined as the application of sound technical, social and economic principles that considers present and future needs of users as well as the service from the asset. Asset Management aims to leverage the lowest total lifecycle cost of ownership with appropriate regard for required service level that best meet the needs of the community and an understanding about an acceptable risk of failure.

Corporate Asset Management Policy

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