Asset Management

Asset management plans help municipalities make well-informed and evidence-based decisions about their infrastructure assets. The Province of Ontario requires all municipalities to prepare Council-endorsed Strategic Asset Management Policies and implement Asset Management Plans using a phased approach from 2021-2024.

The Township's Municipal Asset Management Policy aims to establish a balance between the provided levels of service, the cost to provide those services, and the risks inherent with the services being provided. To achieve this, we strive to consider all assets across all lines of business so that we:

  • Do the right work;
  • On the right assets;
  • At the right time;
  • At the right cost;
  • For the right reasons.

Wainfleet's Asset Management Plan, modelled on an innovative and award-winning approach pioneered by the City of Waterloo, utilizes a cross-asset analysis and optimization framework to help guide informed decision making.

For more information, Email the Treasurer