THE PERFECT STORM – WHY ‘ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY’ PROVIDES SOLUTIONS: “With limited resources, how do we balance priorities across the organization to provide the range of services yet maintain affordability in very tough times,” wrote Wally Wells (Summer 2024 issue of Asset Management BC Newsletter)
“Our biggest challenge today is affordability for our residents and businesses. Our local governments and First Nations Councils and Boards are challenged more than ever with balancing priorities of service against tax and fee increases and availability of capital for projects,” stated Wally Wells. “With an Asset Management policy to drive the process, the asset management framework and plan, along with the long-term financial plan, Councils and Boards have the background and analysis necessary to make informed decisions and stay within financial limits.”