Asset Management Plan

Asset Management Plan 

The Town's Asset Management Plan is a strategic document that states how assets will be managed over a period of time. The plan describes:

• the characteristics and condition of infrastructure assets;
• the level of service expected from them;
• planned actions to ensure the assets are providing the expected level of service;
• financing strategies to implement the planned actions

The purpose of an asset management plan is to help preserve, protect and enhance the quality of life within a municipality by systematically managing assets in an efficient, effective and sustainable manner.

The objective of the Town of Tillsonburg Asset Management Plan is to:

• provide levels of service that meet the needs of the community;
• provide an asset management process that is effective, achievable, and efficient;
• develop operating, maintenance, and capital financial plans that support the defined levels of service;
• manage the assets in a sustainable manner; and
• enable the collection, coordination, sharing, and communication of information in support of all the above

Asset management is an ongoing task founded on best practices, transparent business processes, and continuous improvement. Activities carried out include, but are not limited to:

• Operations and maintenance planning
• Condition assessment and inspection programs
• Data management and analytics
• Demand forecasting and capacity management
• Rehabilitation and replacement programs
• Project prioritization and coordination

Council has also adopted a Fleet Replacement Strategy that serves as part of the Asset Management Plan.