Manager of Corporate Asset Management
705-739-4220 ext 4451
Asset management policy development, and implementation of a comprehensive management approach to all City assets, includes standardization of data management and analysis practices.
A comprehensive approach to asset management requires three primary tools:
In 2010 the City prepared an Asset Management Policy, Strategy and Plans, as described above. The first set of Asset Management Plans (AMPs) were comprehensive, covering all of the City’s assets and including a Corporate Asset Management Plan that outlines the standard AMP framework, with appendices for various service areas. Updates of these Asset Management documents is on-going.
The 2006 – 2010 City Council identified “Initiate an Infrastructure Renewal Program to Prioritize Rehabilitation and Repair of Roads, Pipes and other City Assets” as one of their strategic priorities. In recognition, under the guidance of the Executive Management Team, the Corporate Asset Management team was created in November 2008. Barrie is one of a growing number of municipalities in Canada that implement asset management. Asset Management is a journey and the City’s practices are evolving and continuously improving.
Like most municipalities, the City of Barrie has a significant gap between the amount of money available each year to maintain its infrastructure and the amount of money needed to make sure infrastructure remains in a state of good repair.
This gap is funded partially by debt and the remainder of unfunded projects are delayed, which means some City facilities, roads, sidewalks, parks and other infrastructure don’t get the maintenance they need, when they need it.
Addressing the Gap: Dedicated Infrastructure Renewal Fund
In 2015 the City introduced the
Dedicated Infrastructure Renewal Fund to help address this problem by closing the gap. The fund is used only for the maintenance and rehabilitation of Barrie’s infrastructure and funded by 1% of the City’s property taxes.
Investing 1% of property taxes into a Dedicated Infrastructure Fund allows for increased, transparent funding to keep more of our infrastructure well maintained and avoid costly repairs, while reducing the City’s debt substantially.
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