Asset Management Plan

Asset management within the Township of Springwater evaluates the services provided by the Township, identifies the assets required for these services, and determines which assets are essential for efficient service delivery.

The Township of Springwater has launched a comprehensive Asset Management Plan (AMP) to strategically oversee its infrastructure and resources. This initiative focuses on evaluating the services provided by the Township, pinpointing the assets necessary for service delivery, and identifying critical assets that ensure efficient operations.

The AMP will provide a detailed inventory of assets, establish service levels, outline performance criteria, and the strategies and resources essential to maintaining service standards. Additionally, while aligning with Master Plans, the AMP influences various Township documents, including operational and capital budgets, strategic plans, and user fee assessments.

Project Timelines

In accordance with the Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure under the Infrastructure for Jobs and Prosperity Act, 2015 (O. Reg. 588/17), the Township has updated the asset management plan to include all the 2024 legislative requirements and is progressively working towards compliance with the 2025 Asset Management Plan.

2019 - Asset Management Policy

2022 - Township infrastructure for core assets established

2024 - Asset Management Plan

2025 - Township begins next phase of Asset Management Plan. This includes an identification of proposed levels of service, lifecycle costing, growth impacts and financial strategy.

Asset Management Plan Survey

Have your say and complete Springwater's Asset Management Plan Survey. The deadline to provide feedback is Wednesday, May 28, 2025, by the end of the day.

Springwater Asset Management Plan Survey

Frequently Asked Questions

Learn about asset management in Springwater.

What is asset management?

Asset Management in Springwater involves a systematic approach to managing municipal infrastructure and resources in a responsible manner. It aims to develop service delivery by maintaining and improving assets like roads, bridges, and water systems.

What is an asset management plan (AMP)?

The AMP is a strategic initiative designed to oversee Springwater's infrastructure and resources efficiently. It involves thorough evaluation and management of the services provided by the Township, determining the assets essential for optimal service delivery.

Why is Asset Management important for the Township?

Asset Management is crucial for ensuring that infrastructure is maintained cost-effectively and sustainably. It helps the Township allocate resources efficiently, prioritize investments, and enhance the quality of services provided to residents.

What components are included in the Township’s Asset Management Plan (AMP)?

The AMP includes a complete inventory of all municipal assets, establishes service levels, sets performance criteria, and outlines strategies and resources needed to maintain those services.

How often is an AMP upgraded?

The AMP is upgraded every five (5) years.

How does the AMP affect local services?

The AMP directly influences the quality and reliability of services by ensuring that infrastructure is maintained and upgraded as necessary. This affects everything from road quality to water supply reliability and recreational facility availability.

How is community feedback integrated into Asset Management?

Community feedback is gathered through surveys to ensure that the AMP aligns with residents' needs and preferences. The feedback collected helps shape future infrastructure planning and priority setting.