Asset Management

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Asset Management

Asset management helps protect and enhance the quality of life in the Municipality of Central Elgin by making the best possible decisions about our assets—pipes, buildings, roads and parks—in a way that provides targeted levels of service and manages risk in a cost-effective manner.

Good asset management means making decisions based on the lowest long-term cost over the entire lifecycle of the asset, rather than short-term savings, and managing assets in a way that balances service levels, risk and cost.

An asset’s lifecycle begins when a need is identified. From there the asset is planned, created or acquired, operated and maintained, monitored, and replaced or upgraded when it reaches the end of its life.

Our asset management plan gives us a clear, detailed picture of our assets, needs and priorities. This plan is our roadmap to getting the best value and addressing the highest-priority needs with your tax and rate dollars. Asset management is how we plan for and prioritize our infrastructure needs to achieve the greatest benefit to our community.

Asset Management

Asset management helps protect and enhance the quality of life in the Municipality of Central Elgin by making the best possible decisions about our assets—pipes, buildings, roads and parks—in a way that provides targeted levels of service and manages risk in a cost-effective manner.

Good asset management means making decisions based on the lowest long-term cost over the entire lifecycle of the asset, rather than short-term savings, and managing assets in a way that balances service levels, risk and cost.

An asset’s lifecycle begins when a need is identified. From there the asset is planned, created or acquired, operated and maintained, monitored, and replaced or upgraded when it reaches the end of its life.

Our asset management plan gives us a clear, detailed picture of our assets, needs and priorities. This plan is our roadmap to getting the best value and addressing the highest-priority needs with your tax and rate dollars. Asset management is how we plan for and prioritize our infrastructure needs to achieve the greatest benefit to our community.

  • Bridges & Culverts Detailed Asset Management Plan Added

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    We've added the section on Bridges & Culverts within the 2021 Asset Management Plan for Central Elgin to the list of documents!

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