The Town of Innisfil owns and manages a large range of assets that support the delivery of municipal services. We must manage these assets efficiently and effectively to ensure that they continue to meet our community's current and future needs. The Town's assets include:

  • core infrastructure assets: roads, bridges, structural culverts, sidewalks, stormwater, water and wastewater
  • non-core assets: vehicles, equipment, parks, trails, amenities and facilities

2025 Asset Management Plan

We've updated our 2025 Asset Management Plan (AMP) to provide a complete overview of the Town's infrastructure and resources.  The Town adheres to O. Reg. 588/17 by preparing an AMP that meets the 2025 regulatory requirements, including proposed levels of service, lifecycle activities, and cost analysis for all asset categories. 

Read the Town's 2025 Asset Management Plan

Water and wastewater 

InnServices also updated the Water and Wastewater AMP to meet O. Reg. 588/17 requirements, as approved by the InnServices Board of Directors.

Read InnServices' 2025 Asset Management Plan

Frequently asked questions

Review further information about asset management.

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
Regulatory Requirements and Timelines

Ontario Regulation 588/17 (O. Reg. 588/17) requires municipalities to improve how infrastructure assets are managed. The regulation aims to achieve consistency and standardization in asset management plans and requires municipalities to prepare an asset management plan for core and non-core assets. The Town is currently working towards compliance in a three phase approach:

Phase I was completed July 2022 with information about the Town's core infrastructure assets:

Phase II was completed June 2024 with information about the Town's non-core assets:

Phase III was completed June 2025 with information about the Town's proposed levels of service, lifecycle activities, and cost analysis for all asset categories.
Strategic Asset Management Policy

The Town of Innisfil's Asset Management Policy was approved in 2019 to outline the Town's commitment to providing the best possible service to residents. The Policy is linked to the Town's Strategic Objectives which shape the vision and goals of the Town over the next 10 years.