Long-Term Financial Modeling to Support Asset Management Decisions & Asset Management Policy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$45,500
Project Type
MAMP Projects
Sub Sector
Multiple
Grant amount$36,400
Program type
MAMP
Municipality
District of Sparwood, BC
Status
Fully Disbursed
Population
4,148
Project timeline
2021 - 2022
Project number
17361
Description
The District of Sparwood will develop a long-term financial model that will support asset management decision making. In particular the financial model will help the District identify the risk associated with itsfunding gap and help develop a plan to bridge the funding gap moving forward.The District’s Asset Management policy will be updated with information as it pertains to asset replacement funding as well as the recently developed asset management replacement plan.
Applicant
District of Sparwood, BC