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West Kelowna takes stock of assets
The District of West Kelowna will create its first Integrated Asset Management Plan, thanks to a grant through the federal government's Gas Tax Fund.
The plan will be used to confirm the district's inventory of infrastructure and put an updated price tag on present value, ongoing operating and maintenance expenses and the eventual costs of upgrading or replacing facilities as they age.
"The District of West Kelowna has been going full steam ahead, upgrading its infrastructure since incorporation in December, 2007," said Mayor Doug Findlater.
"As we continue to move forward with important capital projects, we must also ensure we are keeping close tabs on what the infrastructure is worth today and planning what it will cost to run and keep it in good shape for decades to come."
The district's tangible capital assets were valued at $341.8 million in the 2011 audited financial statements.
The municipality owns and maintains more than 120 parks and trails, 200 kilometres of roads, 223 kilometres of sewer pipes and 28 life stations, a 276-kilometre drinking water distribution network with a treatment plant, 14 pump houses and several dams, gates and reservoirs, as well as 15 buildings—including two arenas, an indoor aquatic centre, an RCMP detachment and a Municipal Hall.
"Utilities, roads, buildings and parks are important to the quality and enjoyment of our everyday lives and we must plan carefully to make sure all these assets are in good working order for the long haul," said Findlater.
The cost of creating the asset management plan is estimated at $140,430. The federal government will provide full funding for the plan under the Gas Tax Fund's Integrated Community Sustainability Planning Program.