The final Council-staff working session for the Asset Management Plan will take place on Thursday, August 28.
This final working session is an important step in helping Prince Edward County take care of its roads, buildings, parks, and other assets it owns. The goal is to improve how the municipality decides what level of service to provide, how to handle risks, and how to plan for future spending. It’s also a chance to make sure these plans match what the municipality wants to achieve and what the community expects.
Water and wastewater assets are not included in this part of the plan. Those assets and levels of service will be informed by the Water and Wastewater Rates Community Committee and set in the 2027 – 2031 Rate Study.
The working session will begin at 9 am inside the Council Chambers at Shire Hall (332 Picton Main Street). Council will receive a presentation about the levels of service options for each asset class and their potential financial impact on the municipality and ratepayers.
Click here to view the presentation
After the presentation, Council will move directly into Committee of the Whole to pass motions indicating which level of service options they want included in the final asset management plan.
Following the direction from Council, staff will finalize the asset management plan with financial impacts and bring it forward for approval at the September 25 Committee of the Whole meeting. The plan will determine how to fund and sustain those service levels over the long term with a financial strategy that takes into consideration taxation, user fees, reserves, debt, and grants.
The public is invited to follow along throughout the day by attending in person or streaming the proceedings live on YouTube. If you wish to provide comments under Section 4 of the Committee of the Whole agenda, you are encouraged to contact clerks@pecounty.on.ca by noon on Thursday, August 28 to register.
Background Information
The County of Prince Edward, like municipalities across Ontario, is currently updating and expanding its asset management plan as required under Ontario Regulation 588/17.
In 2022, County Council approved a Strategic Asset Management Plan Policy and updated its plan for core infrastructure services. In 2024, County Council approved an update to the Asset Management Plan to include non-core municipal assets.
The municipality must expand its Asset Management Plan to include proposed levels of service and a sustainable 10-year capital financial strategy. Visit the Government of Ontario website to learn more about municipal asset management planning.
Asset management planning involves identifying the resources and activities needed for maintaining, updating, or replacing the infrastructure in Prince Edward County.
The municipality is working toward an asset management plan that includes proposed levels of service and a sustainable long-term financial strategy to achieve those levels.
- Assets are everything the County of Prince Edward owns, such as roads and bridges, vehicles, parks, buildings, and equipment. These assets allow municipal staff to deliver services across the municipality. The performance and condition of the assets directly impacts service quality.
- Levels of service are defined by the quality and extent of services the municipality provides. Levels of service incorporate a variety of factors such as safety, customer satisfaction, quality, reliability, and cost.
Visit Have Your Say, the County’s online engagement platform, to read the discussion papers for each asset class and watch the recordings of previous working sessions.
If you have questions or require further information, please contact Arryn McNichol, Director of Finance and Information Technology, at amcnichol@pecounty.on.ca.