The Town of Innisfil owns and manages a large range of assets on behalf of our community. An asset is an item of property owned by Innisfil that is deemed to have value. Innisfil’s assets include core infrastructure assets (e.g. roads, bridges, structural culverts, and stormwater elements) and non-core assets (e.g. buildings, land, vehicles, and playground equipment). These assets deliver a number of services that must be managed in a cost-effective way, while ensuring they continue to meet the needs of the community now and in the future.
| Transportation Network |
Transportation Network assets include:
Transportation assets are an important part of Innisfil’s infrastructure, providing safe and efficient movement of people and goods within the municipality and to and from nearby communities. |
| Stormwater Network |
Stormwater Network assets include:
Stormwater assets are an important part of Innisfil’s infrastructure, providing safe and efficient management of stormwater runoff within the Town. |
| Water Network |
Water Network assets include:
Water assets are responsible for the delivery of potable water services provided by InnServices. |
| Wastewater Network |
Wastewater Network assets include:
Wastewater assets are responsible for the collection, treatment and disposal of the wastewater. |
What is asset management?
Asset management is the planning, organizing, leading and controlling of financial and technical processes to meet established levels of service. Asset management intervenes at strategic points in an asset’s life cycle to extend the expected service life and maintain its performance. When maintenance activities are scheduled strategically it helps decrease costs by avoiding expensive unplanned or excessive maintenance.
What is an asset management plan?
An asset management plan is a strategic document that provides summary level information about the quantity, quality, average age, and replacement value for a particular asset category. It also identifies:
- Current levels of service
- Risks to each asset category
- Future growth and climate demands
- Asset lifecycle management including acquisition, operation, maintenance, renewal, and disposal of assets
- Financial data including current and future costs to maintain assets in good working condition
- Monitoring and opportunities for improvement
Asset management plans
The Council Approved Asset Management Plan includes three phases:
- Phase I was completed in 2022 with information about the Town's core infrastructure assets:
- Phase II, to be completed by July 2024, includes non-core assets such as facilities, fleet, parks, and recreation equipment and road signs
- Phase III, to be completed by July 2025, outlines more details about future levels of service and financial plans to deliver Phase 1 and 2
Asset management policy
The Town of Innisfil's Asset Management Policy was approved in 2019 to outline Innisfil's commitment to providing the best possible service to residents. The Policy is linked to Innisfil's Strategic Objectives which shape the vision and goals of the Town over the next 10 years.