Asset Management
Asset management in municipalities is a strategic approach to planning, operating, maintaining, and replacing infrastructure assets ( such as roads, water systems, and public buildings) in a way that delivers sustainable services to the community. Its purpose is to ensure that municipal assets are managed efficiently, cost-effectively, and responsibly over their lifecycle, while balancing performance, risk, and cost to meet current and future community needs.
Ontario Regulation 588/17, titled Asset Management Planning for Municipal Infrastructure, is a regulation under the Infrastructure for Jobs and Prosperity Act, 2015. It establishes mandatory requirements for municipalities in Ontario to develop and maintain comprehensive Asset Management Plans for their infrastructure assets.
The City of Brockville Asset Management Plan: 2025 Update
By July 1, 2025, under Ontario Regulation 588/17, all municipalities must have a complete Asset Management Plan covering both core and non-core infrastructure. The plan must outline proposed levels of service over 10 years, supported by lifecycle strategies, risk assessments, and a financial plan to fund the work. After 2025, municipalities must update the Asset Management Plan annually and review it every five years.
To meet the requirements of Ontario Regulation 588/17, the City of Brockville’s Asset Management Team has been actively preparing the updated Asset Management Plan. Fully reviewed draft sections addressing Current and Proposed Levels of Service for both core and non-core infrastructure have been completed. In addition, an update of the Strategic Asset Management Policy has been prepared. The draft Asset Management Plan is expected to be presented in August, with final Council approval anticipated by the end of August, ensuring compliance with the regulation.
Asset Management Maturity Progression
Beginning in Spring 2024, the City of Brockville made a strategic investment in strengthening its Asset Management planning capacity. This included an additional staff member in GIS and Asset Management, as well as the initiation of the implementation of PSD Citywide Asset Management Software. Over the past year, these enhancements have contributed to significant progress in the City’s asset management practices and are expected to further advance the City’s overall maturity and compliance in this critical area.