Overview
The City’s assets play an important role in delivering reliable, safe and cost‑effective services to residents, businesses and others within Mississauga. Strong asset management balances priorities around cost, performance and risk related to service delivery. It allows the City to direct resources and activities where they’re needed most.
The Corporate Asset Management Program helps the City:
- Standardize and enhance asset management processes across service areas
- Use leading asset management practices and programs
- Guide long-term capital planning and budgeting decisions
- Balance competing spending priorities with limited resources
Sustainable, well-timed infrastructure investments are essential to growth. They will help the City continue to deliver high-quality services for residents and other customers.
Watch a video from the Federation of Canadian Municipalities to learn why we need to invest in asset management.
Legislative requirements
The City of Mississauga owns and manages infrastructure assets that support service delivery. Responsible management of these assets includes planning, acquisition, operations, maintenance, rehabilitation, and replacement or disposal.
The City must report on the state of its asset management program. The following deliverables are required by Ontario Regulation 588/17 of the Infrastructure for Jobs and Prosperity Act, 2015.
| Legislative requirement | Due | Status |
|---|---|---|
| Strategic Asset Management Policy | July 1, 2019 | Complete |
| Current Levels of Service – Core Infrastructure (Stormwater, Roads, and Bridges and Culverts) Asset Management Plan | July 1, 2022 | Complete |
| Current Levels of Service – All Infrastructure Asset Management Plan | July 1, 2024 | Complete |
| Target Levels of Service – All Infrastructure Asset Management Plan | July 1, 2025 | In progress |
| Annual Reporting on Asset Management Progress | 2026 | Ongoing |
Strategic Asset Management Policy
The Strategic Asset Management Policy guides asset management for Council, City leadership and staff. It sets out the City’s commitment to consider climate change and ways to address it, such as adaptation or mitigation.
The policy aligns with provincial plans defined in the Planning Act, 1990, and the Mississauga Official Plan. It also outlines how the City aims to meet requirements of Ontario Regulation 588/17.
Guiding principles
The policy highlights the following guiding principles, which inform asset management at the City.
The City will deliver services that are valued by our community.
Decision-making will consider the potential impacts of climate change, demographics, and social, political and economic changes for current and future generations.
The City will track, assess and improve practices and processes.
The City values the safety of its employees, its communities and the people it serves.
The City will clearly identify the rationale for decisions and be transparent about what we do and how we do it.
The City will link decisions to service requirements and outcomes informed by Council-approved strategic priorities.
The City will make decisions consistently through discussion with internal and external partners.
Asset Management Plan
The Corporate Asset Management Plan is a requirement of Ontario Regulation 588/17. The City published its latest plan in June 2024.
The 2024 Corporate Asset Management Plan is a strategic, tactical and financial document. It helps make sure that activities, resources and timelines required for municipal infrastructure are met. It also balances costs, opportunities and risks against the desired performance of assets.
Service areas
The plan includes 10 service areas:
- Roads
- Stormwater
- Corporate fleet
- Transit (MiWay)
- Parks, forestry and environment
- Facilities and property management
- Fire and Emergency Services
- Recreation and culture
- Information technology
- General government (print and mail services)
Their combined current replacement value is $17.6 billion. The average condition of the assets ranges from fair to good.
For more information, review our current and past Asset Management Plans.
Infrastructure brochure
The City produces an infrastructure brochure each year. The brochure reports on these 11 asset categories managed by the City:
- Roads
- Bridges
- Street and traffic lights
- Walking and cycling
- Stormwater
- Public buildings
- Parks and open spaces
- Transit
- Equipment
- Vehicles
- Culture
Related documents
The following strategic documents help guide the City’s approach to asset management.
City of Mississauga documents
- Mississauga Official Plan, including Amendments
- Strategic Plan, supported by Master Plans
- City Business Plan and Budget
- Long-Range Financial Plan
- Development Charges Background Study
- Climate Change Action Plan
- Financial and Sustainability Report
Government of Ontario documents
- Provincial Planning Act, 1990, including statements issued under subsection 3(1)
- Ontario municipal asset management planning