Asset Management

The Asset Management Plan V2.0 includes the current level of service for the Township's assets (roads, bridges, water, wastewater, stormwater, fleet, facilities, wharf, trails, and parks). The current replacement value for all inventoried assets is $331,251,658, with the caveat that some assets are still being inventoried or having their inventory values updated.

The Township's major source of revenue is property tax, which support operating costs related to the delivery as services as well as the required capital costs of maintaining infrastructure assets. Tax funded assets include, roads, bridges, stormwater, fleet, facilities, wharfs, trails, and parks. These assets are also supported by funding from all levels of government. The estimated current replacement values for the tex-supported assets are:

• Roads, $91,285,654 (understated)
• Bridges, $77,889,125
• Stormwater, $1,882,043
• Fleet, $13,435,000
• Facilities, $46,820,481
• Wharfs, $3,000,000
• Trails, $6,954,407 (understated)
• Parks, $1,000,000

Rate supported services include utility charges (water and wastewater) which are supported by residents’ water bills. Utility services include capital, operating and maintenance costs for the Township’s water and wastewater systems. The estimated current replacement values for the rate-supported assets are: 

• Water, $32,377,852
• Wastewater, $43,087,975
• Fleet, $420,000
• Facilities, $13,247,121

The Asset Management Plan V2.0 was adopted by Council on June 27, 2024. As the Asset Management Plan is considered a living document, there are ongoing revisions to the 10-year capital budgets to meet current needs.