Asset Management

The Town of Georgina through its Council is tasked with the expenditure of limited resources in order to provide services that depend on municipal infrastructure. It is therefore important that the Town have a Strategic Asset Management Policy (SAMP) to assist in asset management planning. Additionally all Town goals, policies or plans as they relate to constructing, maintaining, operating, or utilizing for purposes of delivery of services, the Town’s infrastructure assets, should reflect and be consistent with the SAMP.

As part of report OI-2019-0005, Town Council endorsed the municipal SAMP which through implementation conveys three main actions.

Consider

Council will consider the SAMP in the development of the annual budget or long term financial plans.

Communicate

The corporation will communicate all endorsed goals, policies or plans that are supported by the Town's Asset Management Plan(s) through a listing on its website.

Collaborate

Council will collaborate with residents, in considering public comments as they relate to the SAMP through the public budgetary development process.

Goals, policies or plans

List of all goals, policies or plans that are endorsed by Council and supported by the Town's Asset Management Plans(s)

Document

Responsible Director

Resolution

Strategic Asset Management Policy

Chief Administrative Officer

C-2019-0390

Asset Management Plan for Core Assets

Chief Administrative Officer 

C-2022-0251

In 2017 the Province of Ontario enacted Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure (O.Reg 588/17), under the Infrastructure for Jobs and Prosperity Act; to support municipalities in asset management and planning. O.Reg 588/17 facilitates asset management best practices by providing a degree of consistency to asset management plans, and leveraging asset management planning to optimize infrastructure investment decisions.

On June 22, 2022, Town Council received Report No. OI-2022-017: The Asset Management Plan for the Town’s core infrastructure assets, which include stormwater, water, wastewater, bridges, culverts and roads infrastructure. The Town’s Strategic Asset Management Policy has been updated through the Asset Management Plan for core assets.  The Asset Management Plan (AMP) for core infrastructure assets is aligned with the Town’s SAMP and is guided by the key principles of the Town’s corporate strategic goals and priorities.  

The Asset Management Plan is considered to be a dynamic document that is constantly evolving as new data becomes available; and will be updated formally every five years as per O.Reg 588/17.  Through these updates, the Town will continue to develop and improve its reporting on service levels, performance measurements, and targets. Future updates of the Asset Management Plan will also continue to build upon factors affecting Levels of Service, such as changing regulations, population growth, demographic changes, and climate change impacts.

​To learn more about the Town’s core infrastructure assets, view the Asset Management Plan.

 

 

Contact Us

26557 Civic Centre Rd, RR 2
Keswick, ON  L4P 3G1

T: 905-476-4301 / 705-437-2210
F: 905-476-8100
info@georgina.ca

Hours of Operation

Monday to Friday
8:30 a.m. to 4:30 p.m.