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In accordance with the Ministry of Infrastructure "Building Together" guide, the Township Asset Management Plan (AMP) is a first step in establishing an overall municipal infrastructure strategy. This "living document" is intended to be used as a guide for municipal infrastructure investment.
The AMP is structured in a format that is consistent with the Ministry guidelines, and includes an executive summary, introduction, state of local infrastructure, desired levels of service, asset management strategy and financing strategy.
Township staff from various departments work together to continually update the Asset Management Plan as new information is available. Updates include on-going condition assessments, revised costing, as well as acquisition and disposal of capital assets.
In 2016, the Township embarked on a process to expand and improve the 2013 iteration of the AMP. This process set out to update the AMP to include all asset categories, in accordance with Federal Gas Tax funding requirements.
In 2018, the Township commenced an Asset Management Roadmap to improve the accuracy and overall strength of the Asset Management practice in Wilmot. The final stages of the Roadmap are anticipated to occur in 2019, and will result in an updated Asset Management Plan, that can be leveraged as a guiding document for long-term financial planning.
The Roadmap project is funded in part by the Federation of Canadian Municipalities (FCM) Municipal Asset Management Program (MAMP). For further context into the importance of Asset Management Planning, the FCM created the following video, summarizing why we invest in Asset Management.
When sufficient information regarding asset condition and lifecyle events has been incorporated into the Township's Asset Management database, a comprehensive update of the AMP will be made available.
