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Treasurer: Hanover manages over $440 million in infrastructure but lacks integrated long-term funding plan
Summary
Town treasurer Yelena Savick told the finance committee Hanover manages roughly $440 million in infrastructure but lacks integrated long-term funding and data to sustainably fund replacements; staff will deliver a data maturity index and follow-up reports.
Yelena Savick, the town's director of corporate services and treasurer, told the finance committee the town now manages over $440,000,000 in infrastructure assets across roads, water, wastewater, fleet and facilities and that the 2025 asset-management plan requires annual progress reporting.
"The town manages over $440,000,000 in infrastructure assets across roads, water, wastewater facilities, fleet, etcetera," Savick said in her presentation. She described three principal findings from the first annual progress review: heavy capital activity without demonstrated long-term sustainability, a need for higher-quality data, and future reporting organized around infrastructure performance, financial sustainability and program maturity.
Savick said the town's earlier inventory underestimated some assets because of incomplete data. After adding previously missed stormwater infrastructure the estimated inventory replacement value increased from about $412,000,000 to approximately $428,000,000. She cautioned that replacement-value estimates will continue to change as assumptions (for example, construction inflation and unit costs) are refined.
Savick highlighted projects completed or underway since 2025—water tower construction, SCADA implementation, wastewater upgrades, road reconstruction, a new fire hall, a splash pad and the police station design—and said staff have begun work on a "data maturity index" to help council evaluate when to invest in better data versus new infrastructure.
The presentation noted the provincial regulation cited in the report ("OREG 5 8 8 17" as stated in the report) requires municipalities to produce an asset-management plan every five years and annual progress updates. The staff recommendation was that the committee receive the asset-management progress report for information. The committee moved and the motion carried.
Next steps: staff will return with the data maturity index, updated inventories integrating the county urban-road transfer details, and a clearer set of funding options that tie asset needs to reserve targets and long-term financing strategies.
