Policy C07-031 - Corporate Asset Management Policy

The purpose of this policy is to provide principles that align the asset management system with the City’s Vision, Mission and Values, to enable a coordinated, cost effective and organizationally sustainable approach in order to: deliver services at approved service levels; instill accountable and transparent decision-making; improve customer service; reduce the life cycle costs while maintaining acceptable levels of service; and link infrastructure investment decisions to service outcomes. The policy defines asset, asset management, asset management strategy, asset management framework, risk, life-cycle, levels of service. It outlines tangible capital assets and outlines the scope and exceptions for the policy and responsibilities of the city staff.