2021 Asset Management Plan

Purpose:

• To obtain approval of the City’s 2021 Asset Management Plan (AMP), which establishes compliance with Ontario Regulation 588/17, Asset Management Planning for Municipal Infrastructure ahead of the next regulatory deadline of July 1, 2022.
• The purpose is also to provide an overview of the AMP that reports on the state of the City’s assets, service levels, strategies and long-term infrastructure requirements.
• Report F-34-21, on the same agenda, addresses the implementation strategy for meeting the financial needs of those requirements.

Executive Summary:

• Burlington’s asset management planning process plays a key role in enabling the organization to realize value from assets as organizational objectives are pursued.
• The Asset Management Plan (AMP) and related Asset Management Financing Plan (AMFP) are long-term plans and strategies that are developed to provide information to City staff, Council and the public, in order to make informed decisions about the City’s infrastructure.
• Completing the 5-year update to the City of Burlington’s AMP was a significant undertaking. It involved a comprehensive review and assessment of the City’s asset information and strategies in order to develop a document that combined state of the infrastructure, service levels, risk, lifecycle strategies and long-term investment needs.
• The AMP has been finalized in accordance with Ontario Regulation 588/17, Asset Management Planning for Municipal Infrastructure and is in alignment with the City’s Asset Management Policy, which outlines the core principles and corporate commitment to asset management planning. Corporate asset management information and processes are constantly evolving. The
  numerous factors driving changes to the results and outcomes from 2016 to 2021 have been documented and discussed, including impacts that are reflected in the annual investment need, backlog calculation and long-term strategies. Moving forward, staff will continue to refine asset management strategies and data. Throughout the development of the AMP several continuous improvement opportunities have been identified that will enhance future plan documents and guide the advancement of asset management at the City of Burlington in line with best practices.

• Within the AMP, climate change is acknowledged as a potential source of risk in terms of potential impact to the City’s infrastructure and the services they provide.
• Assessing the vulnerability of infrastructure to these impacts, and the effect of these impacts on the level of service they provide, will be a key priority.
• In addition, the City will need to fully understand the long-term infrastructure funding requirements needed to support the City’s climate change action goals.