The Township of Rideau Lakes is proud to announce the completion of its 2025 Asset Management Plan (AMP), marking a significant milestone in strategic infrastructure planning and financial sustainability.

The comprehensive plan, developed in compliance with Ontario Regulation 588/17, provides a detailed roadmap for managing the Township’s diverse portfolio of assets, including roads, bridges, storm systems, buildings, vehicles, equipment, and land improvements. With a total replacement value of $128 million, these assets are essential to delivering reliable services to residents and businesses.

Key Highlights:

• 84% Fully Funded Position: The Township is currently funding 84% of its average annual capital requirement, a strong indicator of financial health and proactive planning.
• Infrastructure in Good Shape: 77% of municipal assets are in fair or better condition, ensuring continued service reliability.
• Compliance Achieved: The AMP meets all requirements under O. Reg. 588/17, including proposed levels of service and financial strategies.
• Path to 100% Funding: A modest annual tax increase of just 0.2% over five years will close the remaining funding gap, positioning the Township for full sustainability.

“This achievement reflects Council’s commitment to responsible financial management going back a number of years,” said Mayor Arie Hoogenboom. “By investing strategically today, we are safeguarding the quality of life for future generations.”

The AMP also outlines lifecycle strategies, risk management frameworks, and climate resilience considerations, ensuring that infrastructure investments are cost-effective and sustainable.

Residents can view the full Asset Management Plan on the Township’s website at https://www.rideaulakes.ca/town-hall/resources/strategic-plans-reports-statistics