Asset Management Strategy

Completing this isn't an administrative task; it's the bedrock of fiscal responsibility. A true asset management strategy means a fundamental shift from a reactive, 'break-fix' model to a proactive, 'life-cycle management' model. 

This involves implementing industry-standard principles:

• The 'Total Cost of Ownership' principle means we look beyond the initial purchase price to stops us from buying the 'cheapest' option that becomes the most expensive to maintain.

• A 'Risk-Based Approach' ensures we prioritize our limited resources on the assets whose failure would have the most severe consequences for public safety and service delivery.

I will advocate for it to be directly integrated into our annual budget and five-year capital plan. Even to be a part of all future development deals so we don’t end up with another ruined park. Every funding request for new equipment or a major repair must be justified against this plan. This is how we end costly crisis spending and make predictable, smart investments that protect taxpayer dollars for the long haul.