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The goal of the asset management program is to help the Township maintain its assets at appropriate levels of service by applying the right intervention, to the right asset, at the right time.
The Leadership in Asset Management Program (LAMP) defines asset management as "an integrated approach, involving all organization departments, to effectively manage existing and new assets to deliver services to customers. The intent is to maximize benefits, reduce risks and provide satisfactory levels of service to the community in a sustainable manner – providing an optimum balance. Good asset management practices are fundamental to achieving sustainable communities.”
For further context into the importance of Asset Management Planning, the FCM created the following video, summarizing why we invest in asset management.
Wilmot Council endorsed the Township’s Strategic Asset Management Policy in September 2018. The policy represents a statement of the principles guiding Wilmot’s approach to asset management activities. It provides clear direction to Township staff on their roles and responsibilities as part of the asset management program.
All municipalities were required to develop and adopt an asset management policy in 2019 in compliance with O. Reg 588/17.
Read the Asset Management Policy.
In 2022, the Township completed its updated Asset Management Plan (AMP). The AMP focuses on the current state of the municipality’s asset portfolio and its approach to managing and funding individual service areas or asset groups.
The AMP is a living document that will be updated regularly as additional assets and financial data become available. This will allow the Township to re-evaluate the state of infrastructure and identify how the organization’s asset management and financial strategies are progressing.
Read the Asset Management Plan.
Wilmot’s asset management program is funded in part by the Federation of Canadian Municipalities (FCM).
Contact Us
Township of Wilmot
Administration Complex
60 Snyder's Road West
Baden, ON N3A 1A1
T: 519-634-8444
Toll Free: 1-800-469-5576
TTY: 1-866-620-2994
F: 519-634-5522
Email
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