Capital Asset Management Plan
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$62,500
Project Type
MAMP Projects
Sub Sector
Multiple
Grant amount$50,000
Program type
MAMP
Municipality
Village of Fundy Albert, NB
Status
Fully Disbursed
Population
1,978
Project timeline
2018 - 2019
Project number
15869
Description
This project will encompass the creation of a Capital Asset Management Plan for the infrastructure of theVillage of Alma. It will consist of the review of existing PSAB 3150 infrastructure data in the municipalityand data gaps will be addressed through review of record drawings and field data collection. Asset conditionwill be established through a combination of visual inspection (roads, sewer, facilities) and age basedmethods. The compiled information will allow the prioritization of assets based on the level of service withregards to the performance of each asset as well as the creation of a capital investment strategy. Finally,the gathered information will be placed in a decision-making document to be frequently referenced, revisedand updated.
Applicant
Village of Fundy Albert, NB