A new 2021 Asset Management Plan was presented to City Council on Nov. 15, at 9:30 a.m. at a meeting of the Environment, Infrastructure and Community Services Committee.
The City of Burlington’s $5.2 billion in infrastructure assets support our community’s economic, social and environmental well-being and growth.
The City’s infrastructure assets include:
Comprehensive asset management planning helps us to understand the overall health and needs of these valuable assets and make informed decisions for the future.
Our approach to asset management minimizes risk, is sustainable and makes financial sense for our residents and business owners.
View an accessible PDF of the 2021 Asset Management Plan
With asset management planning, our City staff coordinate to make the best possible decisions on infrastructure acquisition, construction, operation, maintenance, renewal, replacement, expansion and disposal.
At the same time, planning minimizes risk, helps to manage costs and maximizes service delivery options.
The City takes a Life Cycle Cost Analysis approach to managing assets valued at $5.2 billion in replacement cost.
Life-cycle cost analysis (LCCA) is a tool to determine the most cost-effective option among different competing alternatives to purchase, own, operate, maintain and, finally, dispose of an object or process, when each is equally appropriate to be implemented on technical grounds. The City of Burlington bases its asset management system on the ISO 55001 International Standard and The Institute of Asset Management.
Our Asset Management Plan answers key questions about each city asset:
To develop the Asset Management Plan, we use current asset inventory, condition and replacement value information. This plan is a living document that is updated by staff on an ongoing basis.
The Asset Management Financing Plan outlines how the City plans to pay for assets detailed in the Asset Management Plan over their life cycle.
On May 15, 2017, Council approved the 2016 Asset Management Financing Plan. It provides a 60-year funding strategy for the City's renewal needs and is aligned with Burlington’s Strategic and Long-Term Financial Plan.
A new 2021 Asset Management Financing Plan will be presented to City Council on Nov. 15, at 9:30 a.m. at a meeting of the Environment, Infrastructure and Community Services Committee
For more information about asset management planning at the City of Burlington, please email assetplanning@burlington.ca.
The Corporate Asset Management Policy was developed by the City's Asset Planning Group and was approved by Council in 2018.
This policy outlines the principles and requirements for implementing consistent asset management processes. It applies to all areas of the City that manage tangible capital assets or asset systems. And, it ensures the continuing development of the City's asset management program.