Facebook Instagram Linkedin
I WANT TO ...
Council & Administration

Asset Management Program

Council's Strategic Priority - An Asset Management Program

The District of Oak Bay provides many services that rely on public infrastructure assets, such as roads, buildings, parks, water and sewer systems, and other community facilities. The Asset Management Program helps the District plan, maintain, repair, and replace these assets in a coordinated and responsible way.

By taking a long-term approach, Asset Management helps ensure that infrastructure continues to meet community needs, delivers good value for money, minimizes risks, and supports sustainable service delivery for current and future residents.

See the documents below, which were developed as part of the District’s Asset Management Program.

The District’s Asset Management Policy captures the District’s direction on asset management practices and infrastructure renewal in the District. This policy defines the principles that drive expectations for both Council and staff, representing a leadership commitment and mandate to adopt asset management best practices and a professional approach to sustainable delivery of the District’s infrastructure and services.

The District’s last AM Policy was approved by Council in 2018, based on Council’s strategic direction in 2015. This updated AM Policy builds on past direction and incorporates the latest Council Priorities for 2022-2026. It includes all asset management activities performed by the District, including those particular to natural assets.

View the presentation of the Asset Management Policy and Strategy

The District’s Asset Management Strategy is a high-level document that is developed to:

  • To document information that specifies how organizational objectives have been translated into Asset Management Objectives.
  • To describe the Asset Management System (AMS) and its role in supporting achievement of the AM Objectives including cost effective delivery of appropriate Level of Service (LOS), while meeting legislative requirements and having regard for the long term stewardship of the asset base, and
  • To inform the approach for developing Asset Management Plans (AMP)

View the Asset Management Strategy (2024)

The Asset Management High-Level Roadmap will drive the Asset Management Strategy, along with timelines and pre-requisites. These initiatives were defined based on the 2024 Asset Management Maturity Assessment to bridge the gap between the current and target state. This high-level roadmap is designed to aid Departmental teams in developing their own implementation plans to achieve the District’s asset management objectives and their specific departmental goals. 

View the Asset Management High-Level Road Map

At the February 9, 2026 Committee of the Whole Meeting, the Strategic Capital Planning Framework was presented to Council.

The District’s Sustainable Infrastructure Replacement Plan was presented to Council at the September 27, 2021 meeting. The objectives of the Plan were to:

  • forecast recommended infrastructure spending for the next 50-100 years,
  • recommend funding levels required to support long term infrastructure replacement, and
  • develop different options to address the forecasted funding gap
View the Plan

About the Plan

A significant portion of the District’s water, sanitary sewer, storm, and road assets are past their recommended useful life with many other assets well through their recommended useful life and due for replacement imminently. Replacement of these assets is critical and will come at a significant cost. While historic and current funding levels are not sufficient to replace assets at the recommended pace. Council has provided the strategic direction to address this issue through developing an asset management program, increasing funding, and expanding capital programming.

Asset Management BC (AMBC) endorsed the District’s process of creating the Sustainable Infrastructure Replacement Plan as a step to achieving financial sustainability. Asset Management BC is a community of individuals, organizations and agencies learning, collaborating, and developing best practices in asset management.