ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY: “Provide a consistent, reliable level of service that saves $millions over time and builds community resilience in an increasingly risky climate,” wrote Kim Fowler of the Regional District of Nanaimo (Winter 2023 issue of Asset Management BC Newsletter)
Note to Reader:
The Winter 2023 edition of the Asset Management BC Newsletter includes an article by Kim Fowler, Manager of Long Range Planning, Sustainability and Energy with the Regional District of Nanaimo. Kim Fowler provides her perspective on what to say to a new Council or Board about asset management for sustainable service delivery.
Kim Fowler’s article is one of a set of 9 articles representing different perspectives. The theme for the Winter 2023 edition is Asset Management for Sustainable Service Delivery: Why Should Council Care?
Perspective from planning and sustainability
“The analogy of a house is often used to explain asset management – you buy a new house, usually nowadays with a big mortgage. You work hard at paying off that mortgage early because it saves a lot of interest, and who wants to pay more to the bank?! But you also must maintain that house,” wrote Kim Fowler.
“So, look after your house! Lead a key legacy of your council or board by being a good steward of your community assets. You’ll provide a consistent, reliable level of service that saves $millions over time and builds community resilience in an increasingly risky climate.”
Master Asset Management Plan
“And while the focus of your asset management plan should be integration with your long-term capital budget, don’t overlook the ‘master asset management plan’, otherwise known as your Official Community Plan (OCP). They set the locations and standards of future growth in your community, and as a result, set the core infrastructure needs and their associated costs,”
TO LEARN MORE:
To read the complete article, download the Winter 2023 issue of the Asset Management BC Newsletter.