Asset Management Open House

Town staff held an Asset Management Open House at the Bobby Orr Community Centre on the evening of October 20th to reveal some of the key findings from the recent Public Community Engagement Survey and the Elected Officials Survey. The event was facilitated by Chris Vanderheyden, Director, Asset Management Advisory, PSD Citywide Inc.

Mr. Vanderheyden explained what Asset Management is, why it’s important, and outlined municipal requirements as per the Province’s Asset Management Planning for Municipal Infrastructure Regulation, O. Reg. 588/17 as amended by O.Reg. 193/21, effective January 1, 2018. The goal of this regulation is to help improve the way municipalities plan for their infrastructure. The regulation builds on the progress municipalities have made while bringing consistency and standardization to asset management plans to help spread best practices throughout the sector and enable the collection of comparable data.

To meet these regulatory requirements, an updated asset management plan is currently being prepared with the support of Asset Management Specialists at PSD Citywide Inc. The plan includes measurements of current levels of service, asset inventory analysis, current performance of assets, lifecycle activities, and costs to maintain current levels of service, as well as the impact of growth on current levels of service for core assets.

Three key components of the Asset Management Plan include:

1. The current state of municipal infrastructure,
2. Process improvements to increase confidence in analysis and decision-making, and
3. The Municipality’s financial capacity to meet long-term capital requirements.

The presentation also highlighted important factors that:

• Eligibility for Provincial and Federal Funding, including the Ontario Community Infrastructure Fund and The Canada Community-Building Fund grants is dependent upon compliance the regulatory requirements.
• Asset Management is a balancing act between cost, performance, and risk. Changes to one will impact the other two.

The full presentation may be viewed here: LINK TO ASSET MANAGEMENT PRESENTATION

In addition to this informative presentation, the evening featured live prize draws for survey recipients that chose to enter. 

Five Winners of a $25 gift card:

• Dakota Reid 
• Corey Connelly 
• Jamie Pitre 
• Lynn Middaugh 
• Jethro Partridge

Two Winners of $50 Downtown Dollars:

• Hilda Ferrar 
• Heather Scandlan

The Grant Prize Winner of $100 Downtown Dollars:

• Jordan Patten

All winners have been contacted. 

The Town of Parry Sound would like to congratulate our winners and thank all survey participants. The Community Engagement survey received an excellent response rate. Having all 469 survey respondents leave at least one comment reflects a highly engaged community and may help the Town prioritize service improvements, tools, and messaging, moving forward. Feedback will also help to shape both the forthcoming Communications and Community Engagement Strategy, and the Asset Management Plan. 

More information on the Asset Management Plan may be found on our website at: https://www.parrysound.ca/government/budget-and-finance/asset-management-plan 

For more information on the Community Engagement Survey, please contact:
 
Sally O’Connor 
Community Engagement Deputy Clerk 
Town of Parry Sound 
52 Seguin Street, Parry Sound, ON P2A 1B4 
705-746-2101 x 216 | mailto:soconnor@parrysound.ca