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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 Township is current within a multi-year process to expand and improve upon the existing Asset Management Plan. This process set out to update the AMP to include all asset categories, in accordance with senior government agency 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 first outcome of this roadmap project was the establishment of a Strategic Asset Management Policy to establish roles/responsibilities and provide a framework for effective Asset Management Planning.
The final stages of the Roadmap are anticipated to occur in 2021, 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 lifecycle events has been incorporated into the Township's Asset Management database, a comprehensive update of the AMP will be made available.
