To ensure that the conditions of the Administrative Agreement are met, municipalities are required to show they are making progress in implementing asset management practices.
Recognizing that Saskatchewan has a vast range of municipal sizes and capacity, and that municipalities may be at different stages in development and implementation of their asset management plans, a tiered structure to meet the requirements was developed. The Asset Management Subcommittee determined that the tiers would be based on the population of the municipality:
- Tier 1: Population up to 500
- Tier 2: Population from 501 to 1,500
- Tier 3: Population from 1,501 to 5,000
- Tier 4: Population over 5,000
The tier level establishes the targeted number of asset classes a municipality will need to complete initially.
The following chart summarizes the goals, measures and targets municipalities are required to work towards in the development and implementation of their asset management planning practices in their communities.
Education:
Education of municipal staff and elected officials in asset management practices and their benefits in the process of local government decision-making. |
All Tiers |
The number of municipalities with staff and elected officials educated in asset management. |
Policy and/or Strategy:
Develop and approve a policy and a strategy on how the municipality will approach asset management. |
All Tiers |
The number of municipalities with an asset management policy and/or strategy in place. |
Register of Assets Owned:
Develop an asset register for all asset classes and maintain reporting on assets in municipal financial statements in compliance with the accounting requirements set by the Public Sector Accounting Board (PSAB 3150 - Tangible Capital Assets). |
All Tiers
|
The number of municipalities with a comprehensive asset register. |
Current and Desired Asset Condition:
Maintain records of current conditions of assets in the asset register and document the desired condition of assets listed in the register. |
Tier 1: for 1 asset class
Tier 2: for 2 asset classes
Tier 3: for 3 asset classes
Tier 4: for 4 asset classes |
The number of municipalities with current asset condition information documented for one or more asset classes. The number of municipalities with desired asset condition information documented for one or more asset classes. |
Funding Gap:
Identify the funding gap between the current and desired asset condition for completed asset classes. |
Tier 1: for 1 asset class
Tier 2: for 2 asset classes
Tier 3: for 3 asset classes
Tier 4: for 4 asset classes |
The number of municipalities who have documented any funding gaps between the current and desired asset condition for one or more asset classes. |
Asset Management Plan:
Improvement and monitoring of the asset management plan, which may include:
- regular progress check-ins with municipal council
- reporting back to council on improving and monitoring the municipal asset management plan
- incorporating the asset management plan into municipal financial planning activities such as preparing the budget, capital purchase decisions, and decisions to build and maintain municipal reserves.
|
All Tiers |
The number of municipalities with reports to council. |
Some municipalities may have more asset classes than identified in the chart. It is anticipated that as a municipality completes their initial asset class, they will gain momentum and proceed to complete all asset classes.
The Guide to CCBF Agreement Requirements expands on the approved recommendations for tiers, goals, measures and targets and provides general guidance to assist municipalities as they work towards achieving the asset management goals.