How To Write A Long Term Financial Plan For Asset Management-A “Pre-Con” Course by Christopher Paine

 

Join Christopher Paine on Tuesday, November 1st at the Sheraton Wall Centre Airport Hotel, for an exciting “Pre-Con” Course Opportunity:  “How to Write a Long Term Financial Plan for Asset Management”.

An Asset Management Plan must be supported by a Long Term Financial Plan. Communities who proactively establish sustainable long term funding will greatly reduce taxation or user fees needed to fund capital costs. But how do you determine sustainable funding for your infrastructure? Christopher Paine’s course provides a systematic approach to determining, and establishing appropriate funding levels through a long term financial plan. 

Christopher’s in depth, innovative approach will leave attendees with the tools to scale and write their own long term financial plan.

  • Hands-on classroom instruction, limited to 20 participants 
  • Cost: $575 + GST/person 
  • Includes breakfast, lunch, and course material

Register through CivicInfo 

The Westin Wall Centre, Vancouver Airport offers the special rate of  179 CAD per night, in conjunction with the AMBC Conference. (Please note that you must book by October 4th to get the preferred rate.) Click here to access the reservations portal.  You can also contact reservations at [email protected] or call the hotel directly at 604 303 6565 to reserve a room at the contracted group rate.

For more information on the course content, please click on the images below:

 

Press Release! AMBC Transitions to New Executive Director July 1st

Asset Management BC (AMBC) will have a new Executive Director as of July 1st, 2022. Since the establishment of Asset Management BC 11 years ago, our first Executive Director, Wally Wells P. Eng., a great ambassador and champion of Asset Management in BC and beyond, is handing the reins over to another well-known figure in Asset Management, David Allen.

David is the retired Chief Administrative Officer of the City of Courtenay with significant municipal experience including prior positions at  4 other BC local governments and, for the  past 8 years, as  co-chair of the AMBC Community of Practice. David is the author of the 4 C’s, a regular contributor to the AMBC newsletter and is a passionate advocate of Asset Management. Wally will continue to provide assistance and guidance within our asset management community by continuing involvement with AMBC as an Asset Management  Master, Mentor & Coach.

Asset Management BC is your Community of Practice in BC linked with other Communities of practice across Canada.  The mandate for AMBC is to share knowledge and information through training, an annual conference, periodic workshops, social media, our newsletter, mentoring and networking and our partnership with many like organizations in BC.

Wally Wells

David Allen

Training Opportunity! Advance your Asset Management Practices

Take your asset management practices to the next level! Workshops will be offered throughout 2022 to meet demand, through an open call for applications.

Whether you’re just starting out or well underway, Asset Management BC (AMBC) is excited to offer BC’s local governments and First Nations a unique education program to help you advance your asset management practices. The team at Asset Management BC developed these programs to help you continue your journey with the asset management process. It is more than just a Plan. You’ll also be able to help others – participants from all sessions can share their takeaways and success stories through case studies and input to AMBC Primers.

The 2022 Asset Management BC Training Program includes two options, and you may choose more than one:

  1. Working with Levels of Service: A series of hands-on, collaborative workshops and a simple spreadsheet-based tool to help you identify, optimize, and communicate your levels of service.    Watch our demo here: https://youtu.be/ynmEY3ZHqY4
  1. Operationalizing Asset Management: A unique cohort-based learning experience to help you identify and overcome the barriers to asset management in the areas of organizational culture, structure, and capacity.

Download the full program guide.

Open call for applications. Please download the 2022 Call for Interest Form

Who Should Attend?

Both program options (Levels of Service, Operationalizing Asset Management) are open to all BC municipalities, regional districts, and First Nations of any size (for additional information, refer to ‘Recommended for’ under Levels of Service and Operationalizing Asset Management in this guide). Consideration will be given to other organizations, including those located outside of BC, based on registration numbers. Preference will be given to BC municipalities, regional districts and First Nations.

Program registration is ongoing; sessions start when there are an adequate number of participants.

Subsidies are available through UBCM for up to 50% of the registration cost for BC local governments and BC First Nations.  The full cost is paid at time of registration and participants can then apply for the subsidy once the training is completed. If you register more than the stated minimum number of participants, UBCM reserves the right to limit the number of participant subsidies per local government.

FCM’s Publication on How to Develop an Asset Management Policy

“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.

Click on the image below to download your copy of the guide.

 

Popular Link! Asset Management for Sustainable Service Delivery: A BC Framework

The Framework establishes a high-level, systematic approach that supports local governments in moving toward service, asset and financial sustainability through an asset management approach. The development of the Framework was led by the Union of British Columbia Municipalities in partnership with Asset Management BC.  The Framework has been updated in 2019 and now includes 4 companion Primers;

Climate Change and Asset Management

Integrating Natural Assets with Asset Management

The Role of Operations & Maintenance in Asset Management, and

Land Use Planning and Asset Management

View the Framework and Primers >

Canadian Infrastructure Report Card 2019

The Canadian Infrastructure Report Card offers an objective look at the state of core public infrastructure across Canada. This is the third iteration of the report which provides a timely update and finds that the state of Canada’s infrastructure is at risk and will require significant attention in the coming decades.

To read more about the current status of Canada’s infrastructure >> click here

EXTENDED: Municipal Natural Assets Project in a BC Watershed

Healthy natural assets can provide – or be restored and managed to provide – services just like engineered assets, often at lower cost. The Municipal Natural Assets Initiative (MNAI) offers tools and support so that local governments can integrate natural assets into their asset management and financial processes.

 

MNAI is currently offering a watershed-level program in B.C. focused on the needs and capacities of smaller / rural local governments in a single geographic region.

 

MNAI has extended the period for local governments to submit applications until after the BC municipal elections and will keep it open until a suitable candidate is identified.

 

To review the request for expressions of interest >> click here

 

Dashboard Assessment and Reporting Tools

A new tool is available to help staff and Councils understand the current sustainability of the services being provided in their communities. The Service Sustainability Assessment Tool was made to help local governments identify current sustainability performance and prepare for the future. Once populated with data, the ‘Dashboard’ tool can generate reports for staff, management, and Council. To check out the tool click here

Status of Asset Management in British Columbia

The Status of Asset Management in British Columbia: Results from the 2016 Gas Tax Fund Asset Management Baseline Survey is now available.

 

In May 2016, UBCM launched the Phase 1 Asset Management Assessment Form – Baseline Survey collecting responses from all 189 local governments in BC.  While each local government provided discrete data, this report describes cumulative data only.  Results from the survey are the first of its kind in BC and confirm what was known anecdotally; there is a growing awareness of the importance of asset management to support the long-term delivery of local government services.

MMCD Asset Data Exchange Standard

The MMCD Asset Data Exchange Standard project is complete and standardized files and supporting documentation are ready for download. The standard is build on the MMCD Municipal CAD Standard, with the end result of a single source of infrastructure data submission to the Local Government with physical properties and lifecycle management attributes. For more information and download, see MMCD’s announcement.