Presentation
Asset Management Program Update
November 8, 2022Pages 302–3105 sections
A presentation outlining the Town's Asset Management Program, its framework (AMBC), importance for sustainable service delivery, and current development status.
Informed by AMBC FrameworkSIRP and AM Policy presentation coming December 2022Includes components like Transportation Master Plan and Vehicle Replacement Plan
1. What is asset management (AM)
- AM is a process focused on sustainable service delivery.
- AM supports the delivery of services that assets provide throughout their entire lifecycle, from creation, acquisition, maintenance, operation, rehabilitation, through to replacement.
AM is four core elements:
- Asset
- Information
- Finances
- People
AM is three ongoing activities:
- Communicating
- Engaging
- Reviewing
The AM process is three repeating stages:
- Assessing
- Planning
- Implementing
Page 302–310
2. Why is asset management important?
- A few of the many reasons:
- Awareness of purpose under the Community Charter
- Reliance on external funding
- Tolerance to risk
- Other reasons:
- Understand lifecycle cost
- Coordinated departmental efforts
- Continual improvement of business processes
Tolerance to risk
AM offers a methodical approach to risk management. Much of the advancement of the asset management discipline across the globe has come as a response to acute and impending crises.
Reliance on external funding
Standard requirements for eligibility and reporting.
- Canada Community-Building Fund (CCFD, formally Gas Tax)
- Grants (ie. UBCM, FCM, MMA)
- MFA Borrowing
Purpose of the municipality in the Community Charter
To provide services and laws, provide stewardship of public assets, and foster the economic, social and environmental well-being of its community.
Page 302–310
3. Asset management at the Town of View Royal
Town of View Royal Services
- General Government Services
- Protective Services
- Transportation Services
- Environmental Health Services
- Development Services
- Parks Services
- Recreation and Culture Services
Asset Management Program
*In development*
- Bylaws and Policies
- Official Community Plan
- Strategic Plan
- Financial Plan (5 year)
- Sustainable Infrastructure Replacement Plan (100 year)
- Insurance Appraisals
- Transportation Master Plan
- Sanitary Sewer Master Plan
- Drainage Master Plan
- Pavement Management Report
- Bridge Inspection Report
- Vehicle Replacement Plan
Page 302–310
4. The benefit of the Asset Management Program
- Define the levels of service an asset can provide
- Understand the lifecycle costs associated with delivering any particular level of service
- Distribute the financial burden of providing services across benefiting generations
Page 302–310
SUMMARY:
- AM at View Royal is informed by the AMBC Framework.
- AM Program is in development and needs ongoing support from Council.
- SIRP and AM Policy presentation coming December 2022.
Page 302–310
Extracted from: 2022 11 08 Committee of the Whole Agenda - Agenda - Pdf