City Asset Management

The City of Toronto delivers many important services to residents that are dependent on infrastructure such as transit, roads, bridges, community centres, clean water and wastewater treatment.

The Corporate Asset Management Policy (AMP) establishes the framework for asset management and ensures that the City has the capacity to maintain its infrastructure, make strategic decisions about future investments and provide the level of services needed to support Toronto residents.

Scope

This corporate asset management policy applies to all municipal infrastructure assets that are owned and/or controlled by the City of Toronto for services. These assets may be managed solely by the City, by an agency or corporation of the City, or a combination of the above. It may also be used for third-party assets that the City has a significant interest in. Infrastructure assets may include:

  • Buildings and building improvements
  • Machinery and equipment
  • Water, wastewater and stormwater
  • Roads
  • Transit
  • Vehicles
  • Land and land improvements

Vision

To ensure the sustainability of municipal services through the effective stewardship of assets and the management of risk, while optimizing asset value.

Goals

To provide a framework and principles for asset planning and management that will:

  • Ensure legislative requirements for asset management are achieved.
  • Optimize asset life-cycle costs while achieving defined levels of service.
  • Continually seek opportunities for improving efficiencies in operations, maintenance and asset renewal practices.
  • Foster an environment where staff across the organization are integral in the overall management of assets through training and development of asset management knowledge and competencies.
  • Ensure existing and future asset needs are prioritized.
  • Link infrastructure investment decisions to service outcomes.
  • Improve decision-making, accountability and transparency.

Core Infrastructure Asset Management Plan

On November 9, 2021 City Council adopted report EX27.3 on the Core Infrastructure Asset Management Plans for Transportation Services and Toronto Water assets. The Plans provide an inventory by asset category, asset conditions, service levels and asset life cycle activities and costs required to maintain current service levels. The Plans also identify the impacts of growth, including costs to accommodate demand and the operating costs required to maintain current service levels, in accordance with the second-phase requirements of Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure.

2024 Corporate Asset Management Plan

On May 22, 2024 City Council adopted report EX14.6 on the City of Toronto’s 2024 Corporate Asset Management Plan for all municipal infrastructure assets outside of the six core assets previously reported on through the 2021 Core Infrastructure Asset Management Plan. The 2024 Corporate AMP encompasses 25 City Divisions, Agencies and Corporations and spans a variety of assets that are grouped into nine standard asset classes: amenities, collections, equipment, facilities, fleet, linear infrastructure, natural assets, structures and systems. The report includes a state of infrastructure section, a level of service and lifecycle management section, highlights the impacts of climate change and growth on infrastructure planning and management, and outlines a comprehensive plan to further build and advance the City’s Asset Management program. The 2024 Corporate Asset Management Plan is in accordance with the third-phase requirements of Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure.