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POLICY WEST HANTS REGIONAL MUNICIPALITY
RCOPW-001.00
ASSET MANAGEMENT POLICY
West Hants Regional Municipality
Page 1 of 2
Asset Management Policy, RCOPW-001.00
1.
PURPOSE:
This Asset Management Policy provides the Regional Municipality with a framework
for consistent and transparent decision making which considers strategic plans,
budgets, service levels and risks respecting asset management.
2.
STRATEGIC ALIGNMENT:
The principles in this Asset Management Policy and our asset management planning
will align with the vision and values our community has been built on and the
strategic direction we have planned for our community's future as outlined in:
-
Municipal Planning Strategies
-
Integrated Community Sustainability Plans
3.
SCOPE:
This Policy applies to all assets currently owned and managed and under sole
jurisdiction of the Regional Municipality, but does not apply to solid waste, street
lights, Valley Community Fibre Network infrastructure, or fire services assets.
4.
PRINCIPLES:
This Policy is based on guiding principles that reflect the overall purpose, goals and
benefits of asset management planning.
4.1
Service Delivery to Customers:
The Regional Municipality will clearly define levels of service and apply asset
management practices to maintain the confidence of customers, and balance
community expectations and regulatory requirements with risk, affordability
and available resources.
4.2
Holistic Approach:
The Regional Municipality will take an integrated and coordinated approach
to decisions on infrastructure, maximizing value to the community; and will
ensure that input is received from other key departments and key
stakeholders when making decisions about renewing and replacing existing
assets or building new assets.
4.3
Long term Sustainability and Resilience:
The Regional Municipality's asset management decision-making will consider
the potential impacts of climate change, the needs of both current and
future generations and potential challenges associated with changing
community demographics and expectations related to service delivery.
4.4
Fiscal Responsibility and Asset Management Decision-Making:
The Regional Municipality will choose practices, interventions and operations
that aim to reduce the cost of asset ownership, while satisfying defined
levels of service. Considerations will be given to all life cycle costs including
POLICY WEST HANTS REGIONAL MUNICIPALITY
RCOPW-001.00
ASSET MANAGEMENT POLICY
West Hants Regional Municipality
Page 2 of 2
Asset Management Policy, RCOPW-001.00
the cost to build, operate, and maintain infrastructure during financial
planning. All decisions are based on balancing service levels, risks and
affordability.
4.5
Continuous Improvement:
The Regional Municipality recognizes the value of asset management
planning in improving information for decision-making. To ensure Council is
supported in making well-informed decisions based on good information and
advice, the Regional Municipality strives to commit to:
-
Support asset management awareness and training for staff and Council
in accordance with their respective roles and responsibilities,
-
Progress in the asset management process,
-
Integrate asset management systems.
5.
ROLES AND RESPONSIBILITIES:
Council is responsible for:
-
Approving the Asset Management Policy,
-
Articulating community values and defining priorities,
-
Approving funding and resources to implement this Policy and associated
requirements,
-
Approving asset funding through multi-year and long-range financial plans.
CAO is responsible for leading implementation of the Asset Management Policy
across the Regional Municipality.
Staff involved in asset management are responsible for observing the
requirements of the Asset Management Policy.
I, Rhonda Brown, Municipal Clerk of the West Hants Regional Municipality,
the Province of Nova Scotia, do hereby certify that this is a true copy of the
Policy as adopted by the Council of the West Hants Regional Municipality at a
meeting duly called and held on the 26th day of May , 2020.
_________________________________________________________________________________________________________
R.N. Brown
Municipal Clerk
Adoption
Notice to Council:
May 12, 2020
Approval:
May 26, 2020
Description: Initial approval of the Asset Management Policy, RCOPW-001.00.