Asset Management
What is Asset Management?
Asset management is how the Municipality of Kincardine plans for, maintains, repairs and replaces the infrastructure we all rely on every day.
So, what are municipal assets? They are the roads we drive on, the water and wastewater systems that provide essential services, the sidewalks and trails we use, the parks and recreation facilities we enjoy, and the buildings, vehicles and other infrastructure that help deliver municipal services.
The Municipality monitors the condition, age, performance and risks associated with these assets to help determine what needs attention, when it needs attention and where to invest limited resources.
Why does Asset Management matter to me?
Good asset management helps the Municipality make informed decisions about where to invest taxpayer dollars. Planning ahead can help extend the life of infrastructure, reduce unexpected failures, prioritize the most important work and maintain reliable municipal services.
Your input is an important part of this planning. Different people may have different priorities when it comes to the services and infrastructure they rely on. Understanding what matters most to residents helps the Municipality make better-informed decisions about future investments.
We want your input!
Asset Management Levels of Service Survey
The Municipality of Kincardine is updating its Asset Management Plan, and we want to hear from you.
This survey asks about the level of service you expect from municipal infrastructure — in other words, what matters most to you when it comes to maintaining and investing in the roads, water systems, parks, facilities and other infrastructure you rely on.
Your feedback will help the Municipality understand community priorities and ensure the Asset Management Plan reflects the needs of year-round and seasonal residents.
The survey takes approximately 10 minutes to complete and will remain open until August 31, 2026.
If you are unable to complete the survey online, paper copies are available for pickup at the Municipal Administration Centre.
Thank you for taking the time to share your feedback and help shape Kincardine's infrastructure priorities.
Asset Management Policy
As of January 1, 2018, Ontario municipalities are subject to O. Reg 588/17 Asset Management Planning for Municipal Infrastructure, under the Infrastructure for Jobs and Prosperity Act, 2015, S.O. 2015, c.15.
Under the law, every municipality is required to prepare a comprehensive strategic asset management policy, a plan to maintain core municipal infrastructure, a levels of service proposal, and a publicly accessible asset management plan.
In 2018, the Municipality of Kincardine participated in a pilot project with the Municipal Finance Officers' Association (MFOA) to assist in developing a Strategic Asset Management Policy toolkit that could be used by municipalities to assist them in meeting the requirements of the new legislation. The existing policy was reviewed and updated. The current Asset Management Policy meets the first requirement under the legislation.
Why Invest in Asset Management
Watch the short video below to learn more about why asset management matters and how long-term planning can help communities make the most of their infrastructure investments.
Asset Management Plan
The 2016 Asset Management Plan was updated by Dillon Consulting in 2022. It meets the legislative deadline for all core assets and current levels of service. It also includes early adoption of future requirements under the regulation, including current levels of service for all infrastructure assets, discussions surrounding proposed levels of service, and a related funding strategy.
The plan will help make well-informed and evidence-based decisions throughout the annual budget process and with capital grant applications. It will guide planning for future sustainable infrastructure.
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