Asset Management BC is the greater community of any person, organization or agency engaged in, or has an interest in, asset management. Asset Management BC is governed by a Partnership Committee, comprised of 10 partners: Union of BC Municipalities, Local Government Management Association of BC, BC Water and Waste Association, Municipal Insurance Association of BC, Government Finance Officers Association of BC, Planning Institute of BC, Public Works Association of BC, CivicInfo BC, Municipal Finance Authority of BC, and the BC Ministry of Municipal Affairs. The Partnership Committee is supported by a ‘Community of Practice Working Group’ that provides input and advice on strategic direction. The Community of Practice Working Group is made up of a group of associations, local governments, first nations representatives and Partnership Committee members, brought together to recognize and integrate the political, administrative, technical, operational, financial and planning aspects of asset management.
The formation of Asset Management BC involved broad consultation and discussion with a wide selection of interested parties including local governments, professional associations, private and academic sectors. From those broad consultations, Asset Management BC was established.
Asset Management BC was established in 2008. For the first 9 years, Asset Management BC operated with financial support from the Province and UBCM, and the volunteer efforts of a few dedicated individuals, developing resources and tools, delivering workshops and training, developing and managing a website, publishing newsletters and supporting BC communities in implementing asset management practices. In 2017, the core partners at that time, Union of BC Municipalities, Local Government Management Association of BC, Government Finance Officers Association of BC and the BC Ministry of Municipal Affairs & Housing, engaged in a governance review, to establish an appropriate governance structure for Asset Management BC.
On January 1, 2018, the Asset Management BC Partnership Agreement was signed, establishing the formal partnership between Union of BC Municipalities, Local Government Management Association of BC, Government Finance Officers Association of BC, Planning Institute of BC, Municipal Insurance Association of BC, BC Water & Waste Association, CivicInfo BC, Public Works Association of BC and the Province of BC. In 2021, the Municipal Finance Association of BC joined the partnership under a renewed Agreement.
Under the Agreement, a Partnership Committee was established and is required to meet a minimum of 2 times a year. The Partnership Committee is responsible for approving a budget, development of a strategic plan and approval of a work plan for Asset Management BC. The Partnership Committee also supports the Community of Practice Working Group.
Under the Asset Management BC Partnership Agreement, the partners established a Strategic Plan, a three-year budget, and a three-year work plan. The Strategic Plan identified the key priority areas as well as the strategies needed to implement.
The Work Plan prioritized activities and projects that are designed to address the key priority areas and strategies.
Key Priority Areas are;
The current work includes development and delivery of education and training, including Long-Term Financial Planning and Level of Service training, development of AMBC asset management policy statements, updates to the AMBC website, including refreshing the resource page, supporting the creation and delivery of Regional Communities of Practice and delivery of the AMBC communication strategy.
Ongoing efforts include supporting the Asset Management BC website, Newsletters, outreach, delivery of AM training and the delivery of the annual Asset Management BC conference in November.
The Community of Practice Working Group membership is focused on local governments, associations and groups representing local governments, communities and first nations
Membership in the Working Group may be altered as is appropriate by the nature of activities and/or by the wish of participants.
Asset Management BC Partnership Committee members are considered members of the Working Group.
Two co-chairs are elected by the members. At least one co-chair must represent a BC local government. Membership in the Group is voluntary.
A mailing/communications list will be maintained. As required, the group may form sub-groups or task committees, drawing on the broad membership of the various stakeholders.
The Working Group shall meet at the pleasure of the co-chairs. The Working Group will aim to meet at least two times per year.
The Working Group may pass resolutions giving status to its conclusions and recommendations that are then presented to the Partnership Committee.
The working group consists of these important organizations, as well as other local government, First Nation, and Indigenous professionals working to advance the practice of asset management in BC.
Connect with your peers in a Regional Community of Practice to share ideas, challenges and solutions. Currently there are three in BC and hopefully we’ll see more in the future! To learn more or find one near you, email us at [email protected]
Wally Wells, Executive Director, Asset Management BC
[email protected]
Glen Brown, Chair, Asset Management BC Partnership Committee
[email protected]
250 356-0862
Contact AMBC Executive Director [email protected]
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