Keeping track at regional district

Process: Grant allows CSRD to initiate asset management process.

The Columbia Shuswap Regional District has obtained a $20,000 grant to initiate development of a comprehensive asset management policy and strategy in 2016.

The rationale for this is that good asset management practices are essential in the support of sustainable services delivery.

Asset management has been defined as an integrated process bringing together skills, expertise, and activities of people with information about a community’s physical assets and finances so that informed decisions can be made to support sustainable services delivery.

That’s a fancy way of saying that we need to use good management practices to ensure that we have the infrastructure and equipment needed to provide ongoing delivery of services to the community.

For example, the CSRD Fire Suppression services group has more than 50 pieces of apparatus valued at about $13 million in replacement costs.

Because the CSRD maintains fire engines that are less than 21 years old, and pumpers that are less than 29 years old, residents can obtain significantly reduced fire insurance rates.

Maintaining up-to- date equipment is also a good practice with respect to safe and efficient fire suppression procedures.

If we were to have a need to replace 10 pieces of fire suppression apparatus in a single year, this could prove to be an overwhelming financial burden for taxpayers, necessitating significant borrowing and additional costs.

Moreover, this type of event would also compromise the ability of future generations to meet their own service and infrastructure needs.

The CSRD utilizes and maintains approximately $60 million in infrastructure and equipment when all buildings, equipment, land and improvements, and vehicles are included.

To track these items, an asset management database is being developed which will note purchase cost and year, life expectancy, replacement cost and maintenance and infrastructure quality.

When completed, the database will enable CSRD directors to act proactively to identify ongoing capital needs and to develop plans to adequately fund replacement of aging equipment and/or infrastructure.

Within the CSRD budgets there are reserve accounts set up to enable us to build up funds needed to replace old and outdated equipment.

The asset management process will enable us to much more accurately forecast our reserve budget requirements in the years to come. It is a better way to manage and plan for the future.

– Paul Demenok is the Area C director for the Columbia Shuswap Regional District

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Word on the street: How do you spend a snow day?

When snow cancels school and your boss tells you to stay home,… Continue reading

Sports Shorts

Keep up to date with local sporting events and news segments Curling… Continue reading

Photo reminds Salmon Arm resident of connection to former drama teacher Justin Trudeau

Prime minister remembered as being as a funny, larger-than-life person

Dining moose a welcome distraction at Salmon Arm campus

Pair feast on willows, unperturbed by onlookers at Okanagan College

Woman convicted in Salmon Arm love triangle murder granted escorted temporary absences

Monica Sikorski was 17 when she plotted shooting death of 22-year-old Tyler Myers

Canada to bolster screening of central China passengers for virus at 3 airports

Additional measures will include messaging on arrivals screens in Toronto, Montreal and Vancouver

Horgan cancels event in northern B.C. due to security concerns, says Fraser Lake mayor

The premier will still be visiting the city, but the location and day will not be made public

B.C. landlord sentenced to two years in jail for torching his own rental property

Wei Li was convicted of intentionally lighting his rental property on fire in October 2017

B.C. town spends $14.14 per resident for snow removal in one month

Costs of snow removal to the Town of Princeton skyrocketed in December.… Continue reading

PHOTOS: Eastern Newfoundland reeling, search underway for missing man after blizzard

More than 70 centimetres of new snow fell overnight, creating whiteout conditions

Prince Harry, Meghan to give up ‘royal highness’ titles

‘Harry, Meghan and Archie will always be much loved members of my family,’ says Queen Elizabeth II

Province says it is monitoring AIM’s road maintenance

The provincial transportation ministry is working closely with new road contractor AIM,… Continue reading

B.C. society calls out conservation officer after dropping off bear cub covered in ice

Ice can be seen in video matted into emaciated bear cub’s fur

‘It’s still early’: Flu rates down so far this year at Interior Health

At Kelowna General Hosptial, there have been about 50 confirmed cases

Most Read