Asset Management

With the approval of the Renewed Gas Tax Agreement (GTA) in 2014, all signatories agreed that strengthening local governments’ capacity to undertake asset management is integral to building strong cities, communities and regions. The approach to asset management identified by the GTA is in strong alignment with Asset Management for Sustainable Service Delivery: A BC Framework.

Photo credit: Cameron Street Bridge, City of Prince George

Asset management is an integrated process, bringing together skills, expertise and activities of people; with information about a community’s physical assets; and finances; so informed decisions that support sustainable service delivery can be made.

To achieve sustainable service delivery, it is necessary that local governments assess, plan, and implement asset management practices that are tailored to the specific needs and capacity of individual local governments.

Tools and Resources

The tools and resources provided can be used to support local governments with the development and implementation of asset management. Be sure to visit UBCM’s Local Government Program Services for information on Asset Management Planning Grants.

AssetSMART 2.0 - A Tool for Assessing your Community's Asset Management Practices [PDF - 5.7 MB]

Asset Management BC Roadmap Project Guide [PDF - 3.9 MB]

Audit Topic #3, Auditor General for Local Government - Asset Management for Local Governments: Key Consideration

Additional resources are available to local governments through Asset Management BC, a leader in building awareness, education, and  supporting collaboration between local governments on the path towards sustainable service delivery.

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