Corporate Asset Management (CAM) Department

The City's Infrastructure & Growth Management division employs a dedicated team of engineers, engineering technologists and technicians focused on the effectiveness and efficiency of the management of all City-owned assets. The Corporate Asset Management (CAM) team provides valuable information to City Council to facilitate better, more informed decisions aligned with the City’s Financial Policy Framework.

Read Asset Management Success Stories to learn about how different City departments put asset management principles into practice.

In December 2017, Ontario became the first Canadian province to pass regulation that requires municipalities to engage in asset management planning. Ontario Regulation 588/17 required all municipalities prepare Council-endorsed Strategic Asset Management Policies by July 1, 2019, and implement Asset Management Plans using a phased approach from 2021–2024.

About Asset Management

Asset Management (AM) ensures community sustainability and a high quality of life through effective and innovative management of tangible assets. The Strategic Asset Management Policy sets the framework for undertaking asset management in a structured, coordinated way.

The CAM department provides valuable information to City Council to facilitate better, more informed decisions aligned with the City’s Financial Policies Framework. Asset management is a journey and the City’s practices are evolving and continuously improving.

Asset management considers what services the City delivers, the assets needed to deliver these services and which assets are critical to service delivery. Ultimately the goal of asset management is to deliver services at the desired level while minimizing costs and maintaining an acceptable level of risk.

Assets Support Service Delivery

Assets only exist to support the delivery of services to the public. If a municipality doesn’t provide recreation as a service, it doesn't need to own assets like pools and arenas. If another level of government provided drinking water, the City wouldn't need to build, operate, or maintain water mains.

The City’s Assets & Their Value

As of January 2023, the City of Barrie owns about $8 Billion worth of assets that support in excess of 60 services. The CAM team provides valued information to senior staff and City Council to facilitate better, more informed decisions, which are aligned with the City’s Financial Policies Framework. The City’s asset management plans guide the management of the City’s many assets.

Did you know? City fleet vehicles are being electrified, where feasible. Learn about the phased conversion approach

The replacement value of an asset is the expected cost to replace it to the same functional standard with a like-for-like new version based on current market conditions and construction standards. Replacement value estimates assume replacements are conducted as part of planned and bundled capital projects where applicable, rather than as individual replacements, which are typically more costly. For natural areas, replacement costs are based on estimated restoration costs published by the Lake Simcoe Region Conservation Authority and Credit Valley Conservation.
Asset Details*Replacement Value
Transportation
Roads, bridges, traffic control, lighting, parking, sidewalks & walkways
$1,386M
Stormwater Management
Storm sewers, maintenance holes, catch basins, culverts, ditches, watercourses, stormwater ponds, manufactured treatment devices
$1,423M
Wastewater
Sanitary sewers, maintenance holes, sewage pumping stations, wastewater treatment facility, biosolids storage facility
$1,782M
Water
Watermains, appurtenances, meters, well pumping stations, booster pumping stations, water towers, underground reservoirs, surface water treatment plant
$1,634M
Parks & Outdoor Recreation
Parks, sports fields & courts, skateboard parks, splash pads, park utilities, maintained parkland, natural areas
$311M
Facilities
Corporate & city operations, recreation & culture, emergency services, libraries, parks buildings
$1,276M
Fleet
Cars, pickup trucks, heavy trucks, mowers, ice equipment and specialized equipment
$75M
Transit
Fleet garage, transit terminal, buses, on-steet infrastructure, supporting technology
$113M