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Asset Management Plan Edmonton Community FoundationReviewed and approved by the Board of Directors. December 14, 2022.___ Tina Thomas, CEO On behalf of the SmartAsset Management Plan Edmonton Community
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The Asset Management Plan in Edmonton is a strategic framework that guides the management and maintenance of the city's assets, ensuring they are effectively utilized to deliver services to the community.
Municipalities and local governments in Edmonton are required to file an asset management plan to comply with regulatory and funding requirements.
Filling out the asset management plan involves gathering data on existing assets, assessing their condition, forecasting future needs, and documenting strategies for maintenance and funding in the prescribed format provided by the city.
The purpose of the asset management plan is to ensure sustainable management of public infrastructure by optimizing asset performance, managing risks, and making informed decisions about investments and expenditures.
Information that must be reported includes asset inventories, condition assessments, maintenance strategies, investment priorities, and financial forecasts for asset operations and maintenance.
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