“Local governments provide a diverse range of services that are essential to our communities’ quality of life, like clean drinking water, transportation systems, waste management, drainage and flood protection, affordable housing, parks and recreation services. The services they deliver depend on physical infrastructure assets, like water treatment plants and wastewater retention ponds, roads, buses, civic facilities and emergency vehicles. A local government’s infrastructure assets (along with those provided by community partners) are the foundation that enables our communities to thrive socially, economically, culturally and environmentally. The management of existing assets, planning for future assets and their connection with front-line municipal services must be a priority for local governments.“
The FCM (Federation of Canadian Municipalities) publication “How to Develop an Asset Management Policy, Strategy and Governance Framework” provides practical advice to assist local governments in setting up or developing an existing asset management policy, leading to a municipality-wide consistent approach to asset management.