Asset Management

Developing Asset Management Strategies and Capacity in Springwater

In September 2017, the Township of Springwater was successful in its application for a grant under the new Municipal Asset Management Program (MAMP) provided by the Federation of Canadian Municipalities (FCM).  Council approved staff to engage the services of Public Sector Digest to assist in developing asset management strategies and building capacity in Springwater.  The project consists of developing and implementing a holistic asset management program which requires a firm organization-wide commitment to the principles of asset management.  The project includes three key deliverables that will enable Springwater to develop asset management strategies and organizational capacity to ensure a sustainable future for our community.  The three key deliverables are:

  1. Developing a Strategic Asset Management Policy
  2. Conducting a State of Maturity Assessment
  3. Providing training to Springwater staff on best practices in Asset Management

On June 20, 2018, at a Special Meeting of Council, a webinar was hosted by Public Sector Digest entitled Asset Management 101.

Asset Management Steering Committee

The Township of Springwater has established an Asset Management Steering Committee comprised of the following positions:

  • Director of Public Works;
  • Director of Recreation, Parks & Properties;
  • Director of Planning & Bylaw Services;
  • Director of Finance; and
  • Manager of Financial Reporting & Budgets/Deputy Treasurer.

Strategic Asset Management Policy

As of July 1, 2019, all municipalities in Ontario must have an approved Strategic Asset Management Policy as per Ontario Regulation 588/17.  On June 20, 2018, Springwater Council approved the Township’s Strategic Asset Management Policy.

Asset Management Plan

The Township of Springwater, in consultation with Hemson Consulting Ltd, has prepared an Asset Management Plan for its core infrastructure services including roads, bridges, water, wastewater, vehicles, machinery, equipment, buildings and other land improvements.  The Plan was adopted by Township Council on July 28, 2014.

The Plan is intended to provide a comprehensive reference for renewing, operating, maintaining, building, replacing and disposing of the municipality’s core Infrastructure Assets. The Plan is based on the guidelines provided in the Province of Ontario Ministry of Infrastructure’s Building Together Guide for Municipal Asset Management Plans. The Plan is based on currently available data and information on the core services of the municipality. The plan is a living document and will require continuous updates and improvements over time with the municipality’s ongoing data collection programs.

Asset Management is not a new concept in the Township of Springwater. For many years Council and staff have applied sound asset management principles to maintain records on tangible capital assets, monitor asset condition and performance, and plan for infrastructure acquisition, repair, rehabilitation, and replacement over the long term.

The purpose of this Plan is to build on these existing practices by identifying how best to manage the Township’s infrastructure for the next twenty years.  Ultimately, the Plan will provide Council with information that can guide sustainable infrastructure investment decisions.

View the Township Asset Management Plan here.