Title
PRESENTATION CONCERNING THE FACILITIES, PARKS AND RECREATION ASSET MANAGEMENT PLAN
Scott Drewette, Senior Asset Management Coordinator, provided a presentation regarding the Facilities, Parks, and Recreation Asset Management Plan.
Mr. Drewette discussed slides concerning the following topics:
• Asset management at the City, including the value of City assets and the overall goal of asset management;
• The City’s compliance with O. Reg 588/17 - Asset Management Planning for Municipal Infrastructure which requires asset plans by 2024;
• A chart illustrating assets by service area, category, and replacement value;
• Bar graphs illustrating the age and condition of facilities assets and parks and outdoor recreation assets;
• The connection between sustaining levels of service and investment in assets;
• Highlights on the levels of service for facilities, parks, and outdoor recreation assets;
• A chart illustrating the lifecycle needs of assets, including growth, renewal, operations, and maintenance needs in order to maintain current levels of service;
• A comparison of forecasted needs versus planned expenditures and associated funding gaps; and
• The next steps in the asset management program, including meeting regulatory deadlines, a level of service analysis, and advancing the City’s asset management capabilities.