What is an Asset Management Plan?
The asset management plan for the Municipality of South Huron is produced in compliance with Ontario Regulation 588/17.
The AMP summarizes the state of the infrastructure for the Municipality’s asset portfolio, establishes current levels of service and the associated technical and customer oriented key performance indicators (KPIs), outlines lifecycle strategies for optimal asset management and performance, and provides financial strategies to reach sustainability for the asset categories.
The asset management plan (AMP) presents the outcomes of the Municipality’s asset management program and identifies the resource requirements needed to achieve a defined level of service. The AMP typically includes the following content:
• State of Infrastructure
• Asset Management Strategies
• Levels of Service
• Financial Strategies
The AMP is a living document that should be updated regularly as additional asset and financial data becomes available. This will allow the Municipality to re-evaluate the state of infrastructure and identify how the organization’s asset management and financial strategies are progressing.
It is important to note that this AMP represents a snapshot in time and is based on the best available processes, data, and information at the Municipality.