Asset Management

Asset management planning is an ongoing and long-term process to make the best possible decisions regarding the construction, operation, maintenance, renewal, replacement and disposal of municipal assets. The objective of asset management is to maximize benefits, manage risk, and provide satisfactory levels of service to the public in a sustainable manner.

In Ontario, municipalities are required to prepare a strategic asset management policy and an asset management plan in accordance with the Asset Management Planning for Municipal Infrastructure Regulation, O. Reg. 588/17 (as amended by O. Reg. 193/21), effective January 1, 2018.

According to the Township’s 2024 Asset Management Plan, the estimated replacement value of the Township's identified asset inventory is $793.8 million, the majority of which ($450 million or 57%) relates to the Township's municipal road network. The Township is expected to require approximately $21.8 million in annualized funding for asset maintenance and rehabilitation, per year for the next 10 years.

Asset Management gives us practical information so we can do the right thing, to the right asset, at the right time.

Strategic Asset Management Policy

On July 17, 2019, the Township passed a Strategic Asset Management Policy (SAMP) that provides a framework for asset management planning.

The policy outlines goals, policies, and plans supported by the asset management plan, the process by which the asset management plan is considered in developing the municipality’s budget and approach to continuous improvement and adopting appropriate practices regarding asset management planning.

Asset Management Plan: Core Assets

On March 23, 2022, Council approved the Asset Management Plan (AMP) for the Township’s core assets, prepared in accordance with the Province's requirements. The AMP includes:

A summary of municipal infrastructure core assets (roads, bridges and culverts, water) along with information concerning asset age, historical cost, and replacement cost
A condition assessment and description as to the approach adopted for assessing the condition of core infrastructure assets
A description of the current level of service provided by the Township as outlined by O. Reg. 588/17
An assessment of the Township's anticipated life cycle maintenance requirements over a ten-year period, based on the Township maintaining the current levels of service
An indication as to how the ongoing growth of the Township is considered in the asset management plan

Asset Management Plan: All Municipal Assets

On June 23, 2024, Council approved the updated Asset Management Plan for all municipal infrastructure assets. The AMP includes:

An updated summary of municipal infrastructure core assets (water, urban stormwater and drainage systems, roads, bridges and culverts) along with information concerning current asset condition, levels of service (LoS) lifecycle activities, and a 10-year financial outlook
A summary of municipal infrastructure non-core assets (buildings, vehicles, equipment, and land improvements) along with information concerning the current asset condition, Levels of service (LoS), and projected lifecycle activities
A 10-year financial strategy for core and non-core assets

The AMP was developed by Township staff with assistance being provided by KPMG LLP and identifies current levels of service and the cost of maintaining those levels of service.

Asset Management Plan Annex

On August 13, 2025, Council received and approved the 2025 Asset Management Plan Annex.
The Annex includes:

Proposed Levels of Service: Performance targets for each asset category, balancing regulatory requirements, community needs, affordability, and sustainability.
Risk Assessments: Identification and evaluation of safety, financial, operational, and reputational risks to inform priorities.
Lifecycle Management Strategies: Planned maintenance, rehabilitation, and replacement activities to preserve asset value and control long-term costs.
Financial Strategy: Projected funding needs and sources—capital levy, user fees, reserves, grants—to maintain service levels sustainably.

The Township engaged UrbanRe to help prepare an annex that forms part of a living document guiding decision‑making, capital budgeting, and service delivery planning. This annex reflects Oro‑Medonte’s commitment to proactive, evidence‑based asset management in alignment with provincial regulations and local priorities.

Township of Oro-Medonte Administration Centre
148 Line 7 South
Oro-Medonte, ON L0L 2E0

Phone: (705) 487-2171
Fax: (705) 487-0133