Government Finance Officers
Association of British Columbia
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Thursday, November 16, 2017

UBCM

Status of Asset Management in BC. 2017, November 8. UBCM Website

In May 2016, UBCM launched the Phase 1 Asset Management Assessment Form - Baseline Survey, and collected asset management data from all 189 local governments in BC. A report describing the cumulative data is now available: The Status of Asset Management in British Columbia: Results from the 2016 Gas Tax Fund Asset Management Baseline Survey [PDF - 543 KB]

Results from the survey are the first of their kind in BC and demonstrate there is a growing awareness of the importance of asset management to support the long-term delivery of local government services.

Some highlights from the report include:

  • Over half of local governments have, or are in the process of having developed formal asset management processes.
  • Approximately three-quarters of local governments reported that elected officials and local government staff understand the need for and benefits of asset management.
  • On average, potable water, wastewater, sports & recreation facilities, and other types of buildings & facilities were reported as in good condition.
  • On average, roads & bridges and storm water assets were reported as in fair condition.

Visit the Renewed Gas Tax Agreement Asset Management webpage for more information.

 

Status of Asset Management in BC. 2017, November 8. UBCM Website

 

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