ASSET MANAGEMENT
The City of Thompson owns roads, water and sewer infrastructure, buildings, vehicles, parks, and other assets that contribute to residents’ quality of life and keep daily services running. Asset management is a how Council and City of Thompson staff keep track of what the City owns, what those assets cost to run, and what it will take to keep them working.
The asset management program is designed specifically to account for the conditions encountered in Thompson, such as the freeze-thaw cycle, the distance parts and specialized service providers must travel to get here, and the short construction season.
Council formally established the asset management program in 2026 by passing the Corporate Asset Management By-law and the True Stewardship and Resilience By-law. These by-laws were followed by the approval of seven policies below that guide the process of making a comprehensive list of City assets, the steps that must be taken to care for and maintain those assets, and data-driven decision-making about what to fund and when to fund it.
Asset Management Policies
- ADM-CAM 1.0 Asset Management Policy
- Scope of the Asset Management System
- Capital Asset Registry Policy
- Capital Asset Risk Management Policy
- Asset Condition and Criticality Policy
- Climate and Environmental Stewardship Policy
- Strategic Asset Management Plan
Asset Management is not about routine maintenance activities such as clearing snow, patching potholes and repairing water breaks, which are carried out by Public Works. It is about measuring the equipment and resources needed to keep all City assets in good repair. Asset management is also about planning for asset repair and replacement on a scheduled basis, instead of having assets break down unexpectedly and being forced into urgent, unplanned purchases that must be made so that City operations can continue without interruption.
Questions about the Asset Management Program?
Ryan Slade
Asset Management Coordinator
Development and Technical Services
226 Mystery Lake Road
204-677-7910
