Tag:

FCM

ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY: “Asset management is not new. What is new are the accounting standards around asset management and the attention being paid to a long-term financial strategy to support it,” wrote Khalie Genereaux, Deputy Director of Finance with the City of Terrace (Winter 2023 issue of Asset Management BC Newsletter)

March 20, 2023


“The Public Service Accounting Board. PSAB 3150 requires local governments to amortize their tangible capital assets over their expected useful life. Prior to 2009, there were no standards in place for the valuation and deterioration of the local government assets. Consequently, the funding for renewal and replacement has not always been top of mind or top priority. As many of our aging communities are seeing their assets reach the end of their useful lives, the funding portion can no longer be ignored. If it is, we could all see ourselves declaring a local state of emergency,” wrote Khalie Genereaux.

Read Article

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)

February 18, 2023


“How do you do a budget if you don’t know what assets you have, their condition and when they need to be replaced? Climate change is increasing risk by damaging assets. 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,” stated Kim Fowler.

Read Article

WHAT WOULD YOU SAY TO A NEW COUNCIL ABOUT ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY? – “What a great article series in this newsletter! So many perspectives – I love the concept of all the different voices,” praised Sarah MacFord, Knowledge Mobilization Officer with the Federation of Canadian Municipalities (February 2023)

February 17, 2023


In Fall 2018, after province-wide local government elections in British Columbia, the Asset Management BC Newsletter presented a range of perspectives to inform the newly elected about Asset Management for Sustainable Service Delivery in British Columbia. Asset Management BC did the same again with the Winter 2023 issue. The set of 9 articles again provide guidance and advice for new Councils from a continuum of perspectives. “It was very interesting to see what each of them chose to focus on and the language they chose to speak to Council with,” noted Sarah MacFord.

Read Article