State of the Infrastructure Report Cards
This is the Town's first-ever Infrastructure Report Card and includes all "core" assets (as defined by the Province) – roads, bridges, watermains, wastewater, and stormwater. It provides the baseline for the discussion of infrastructure and is intended as a prologue to the updated Asset Management Plan that will be delivered in accordance with regulatory requirements before July 1, 2021. Projects like the Infrastructure Report Card demonstrate the value of asset management and the Town's commitment to financial sustainability.
Bringing together the analysis of each service area, the results of the infrastructure report cards answer three pivotal questions:
What Do We Own?
The Town owns and is responsible for maintaining a large number of assets. Click on each asset below to review the report card issued in October 2020.
249 Kilometers of Roads 68 Bridges and Culverts 303 Kilometers of Watermain
262 Kilometers of Wastewater Sewage 284 Kilometers of Storm Sewers and 47 Storm Ponds
What Is It Worth?
The assets within the scope of this Report Card are estimated to cost $1.75 Billion (2020 valuation). When non-core assets are considered, the asset valuation increases by $408 Million to reach an estimated total of $2.16 Billion. The valuation of $2.16 Billion represent the 2020 total contracted cost of replacing each asset the Town owns and does not consider staff time, maintenance, growth, climate change, service enhancements, or other cost factors. This valuation demonstrates that the Town has made an important investment in infrastructure, and has a significant obligation to ensure the maximum return on this investment.
What Condition Is It In?
Using the method of most Infrastructure Report Cards, assets are assigned condition ratings on a 5-point scale. Ratings are assigned based on age and life expectancy. Age is an industry-accepted benchmark for the high-level analysis of infrastructure portfolios. While it is suitable for financial analysis, staff do not rely on age when making tactical decisions – instead, they use actual field observations.
The methodology presented aligns with the Canadian Infrastructure Report Card, which provides benchmarks for how to use age data in the absence of condition observations collected by field professionals. The exceptions to this approach are roads, bridges, and stormwater ponds, which had comprehensive condition information from recent inspections.
The Town's assets are at varying stages of their lifecycle. Assets are rated from Very Good to Very Poor. Having "Fair" to "Poor" rated assets before they are replaced is not necessarily bad. However, failure to maintain a state of good repair is likely to lead to increased reactive maintenance, inefficient replacements, and drops in service levels.