CAMN - Capital Regional District Asset Management Plan

Asset management and sustainability initiatives often share strategic goals, affect the same operational processes, and engage the same people. However, municipalities implementing asset management tend to use a fragmented approach that is disconnected from their sustainability objectives (especially those at earlier stages in asset management).A formal policy and strategy reinforces an organization’s commitment and goals with respect to asset management, and their relationship to sustainability, business and service delivery objectives. It lays out (at a high level) the principles and practices it will follow to realize these goals. In addition to reinforcing the need for prudent financial management (economic outcomes), these documents often formalize the commitment toward sustainable levels of service (social outcomes), and stewardship for the environment (environmental outcomes) in infrastructure related plans and decisions.Scope of WorkCapital Regional District is committed to building upon progress made to date in implementing community sustainability goals and commitments to act on climate change through the integration of these objectives into asset management planning. Through participation in Phase 1 of the Federation of Canadian Municipalities’ Climate and Asset Management Program, Capital Regional District commits to the following:• To develop an asset management policy, strategy and governance framework which aligns with the municipality’s strategic goals, integrates environmental and sustainability goals, includes climate change risks and considerations, and builds upon the common principles developed for CAMN;• To take part in training and learning opportunities with participants from other municipalities from across Canada;• To attend monthly capacity building exercises offered by the FCM for the duration of participation in CAMN; • To attend two face-to-face meetings being offered through CAMN;• To become part of a network of municipalities sharing knowledge about innovative asset management practices.ReportingUpon completion of the CAMN Phase 1 project, Capital Regional District will deliver upon the following reporting requirements:• Climate Adaptation Maturity Scale (Start of Project)• New Asset Policy, Strategy and Governance Framework. • Completion Report for Phase 1• Climate Adaptation Maturity Scale (End of Project)• Asset Management Maturity Scale (End of Project)